China Wind Power Converter Market Report 2014-2016

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Synopsis

China now has become the earth’s largest and the fastest-augmenting wind power generation market. In 2013, China had a cumulative 91.4GW of wind power magnitude , of which 16.1GW was newly-added extent of room, accounting for 46.1% of the world’s newly installed capacity and ranking No. 1 globally. The billow in wind power installations has driven the expanding of China wind power converter market, which was worth around RMB 18.8 billion in 2013, soaring ~ the agency of 44.6% from a year earlier.

As a heart part of wind turbine, one solidify of wind power converter is needed to succor one set of wind turbine. Calculated ~ dint of. installed capacity of 1.5MW beneficial to each set of wind turbine, near 10,726 sets of converters were needed in China in 2013, tumor by 26.8% from a year earlier. China’s breeze power converter output has continued to increase along with the growing demand, arriving at 10,000 sets or for a like rea~n in 2013, up 23.5% year up~ the body year.

China’s domestic wind governor converter manufacturers started late on the trade. By the end of 2013, extrinsic players dominated about 95% of China wreathe power converter market, with ABB, Converteam, AMSC and Emerson substance the leaders. Domestic Chinese companies especially involve Beijing Corona, Sungrow Power, Hopewind, Zhuzhou CSR Times Electric and Qharvest. At the close of 2013, Sungrow Power, Hopewind and Zhuzhou CSR Times Electric had twist power converter capacity of 1,000 sets/a every one .

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Wind command converter is one of few qualities with low localization rate in Chinese turn and twist power equipment industry. Driven by be of consequence to substitution policies and high profitability of the habitual devotion to labor, local Chinese manufacturers are stepping up efforts to expand products, and will gain more mart share as technical barriers of twist power converter are broken one ~wards another.

Wind power converter consists mightily of power component, control...

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