It is estimated that in 2023, the market of high-voltage inverters will reach about 17.5 billion yuan.

In recent years, the market scale of China's inverter industry has generally shown an upward trend, but the growth rate has declined. In 2016, the market scale of China's inverter industry was 41.477 billion yuan, with an average compound annual growth rate of 8.74%. According to this calculation, the size of China's inverter market in 2017 was about 45.32 billion yuan.

It is reported that high-voltage inverters can save energy efficiently in many industries, so power has become the largest application area of ​​high-voltage inverters. In recent years, the energy conservation, emission reduction, and consumption reduction of the power industry have become increasingly severe. According to estimates, the demand for high-voltage inverters for electric power accounts for about 25% of the total demand for high-voltage inverters. In 2017, the demand for high-voltage inverters in the power industry was about 3 billion yuan, a year-on-year increase of 10%.

With the frequent introduction of power industry standards and the development of renewable energy power generation, regardless of the social power consumption or power production, the development of power in China has shown a steady rise, coupled with a series of favorable policies, the future power market. The scale will be even larger, and the demand for high-voltage inverters will be even stronger. It is expected that in the next few years, the high-voltage inverter market with high-efficiency and energy-saving functions will continue to grow by policy. By 2023, the market of high-voltage inverters will reach about 17.5 billion yuan.