VFD Industry News

The variable frequency drive market development prospect is broad, mainly based on the following factors:

1.Market scale continues to grow 
According to the data released by Zhongyan Puhua Industrial Research Institute and other authoritative institutions, the market scale of the global and Chinese VFD is expanding. For example, in 2023, the global market size of low-voltage VFD reached 88.679 billion yuan, while the market size of low-voltage VFD in China was about 29.37 billion yuan, showing a strong growth momentum.

2.Government support and promotion 
The Chinese government attaches great importance to energy conservation and emission reduction and the development of green economy, and has introduced a series of policies and measures to vigorously promote the development of the frequency converter industry. For example, the 14th Five-Year Plan clearly proposes to speed up the process of industrial automation and intelligence, and encourage enterprises to adopt efficient and energy-saving equipment. As an important energy-saving product, the medium and high voltage frequency converter has been strongly supported by the policy.

3.Increasing demand for industrial automation and intelligent manufacturing 
With the high-end and intelligent transformation of the manufacturing industry, the demand for efficient and reliable electrical equipment increases. As an important part of the industrial automation control system, the frequency converter can realize the precise control of the motor, improve the production efficiency and reduce the energy consumption. Especially in electric power, metallurgy, petrochemical and other high energy consumption industries, the application of frequency converter is increasingly widespread.

4.Expansion of the international market 
Chinese frequency converter enterprises have also made remarkable progress in the international market. With the promotion of international cooperation initiatives such as "The Belt and Road", Chinese VFD enterprises have the opportunity to push their products to a broader international market.

To sum up, the frequency converter market has a broad development prospect, benefiting from the continuous growth of the market size, the policy support and promotion, the increased demand for industrial automation and intelligent manufacturing, and the expansion of the international market. In the future, the frequency converter industry will continue to maintain a steady growth trend, to provide strong support for the green and high-quality development of the manufacturing industry.