Shenzhen Megmeet Drive Technology

Name

Shenzhen Megmeet Drive Technology

Legal name

深圳麦格米特电气股份有限公司

Website

https://megmeet.com

Company type

Public

Founded year

2003

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Shenzhen Megmeet Drive Technology is a publicly-listed Chinese power electronics and industrial automation company manufacturing AC drives, server power supplies, EV components, energy storage inverters, and smart welding equipment for B2B OEM customers across consumer electronics, automotive, data center, and industrial sectors globally.

Ownership category

akta.pro rank

Product category

Power Electronics & Industrial Automation

NAICS

Electrical Equipment Manufacturing (33531), Motor and Generator Manufacturing (335312), Electrical Equipment Manufacturing (3353)

SIC

Electronic & Other Electrical Equipment (No Computer Equip) (3600), Motors & Generators (3621), Electrical Industrial Apparatus (3620)

akta.pro primary industry

Motor Drive & Motion Control Electronics Manufacturing Services (VFDs, servo drives, controllers) (IMAGAGAJ)

akta.pro secondary industries

Industrial Power & Energy Electronics Manufacturing Services (UPS, converters, inverters, chargers) (IMAGAGAI), Power Electronics Manufacturing (Inverters/DC-DC/Onboard Chargers) (IMACACAD), EV/Industrial Charging Power Electronics (Chargers, rectifiers, power stages) (IMAGADAF)

Keywords

• Power electronics components
• Variable frequency drives
• Industrial automation systems
• Energy storage inverters
• New energy vehicle components

Headquarters

HQ city

Shenzhen

HQ country

China

HQ region

Asia

Offices14 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Personnel, Technology or R&D, Supply Chain, Operations, Infrastructure, Marketing or Sales

Revenue model

1. Power Supply Products: Sales of power supply products including display power, LED power, laser power, industrial control power, medical power, communication power, and server power. One-time hardware sales model with recurring OEM/ODM engagements with major manufacturers.
2. Industrial Automation Products: Variable frequency drives (inverters), servo systems, PLC controllers, encoders, and industrial automation components sold to equipment manufacturers in manufacturing, HVAC, elevators, and industrial machinery sectors.
3. New Energy Vehicle Components: Electric vehicle components including motor controllers, DC-DC converters, on-board chargers, charging piles,电动压缩机, and thermal management systems sold to automotive OEMs and tier-1 suppliers.
4. Smart Equipment: Intelligent digital welding machines, industrial microwave equipment, and smart oil extraction systems sold to manufacturing and industrial customers.
5. Smart Appliance Control: Control components and systems for smart home appliances including HVAC, washing machines, smart bathrooms, and refrigeration equipment sold to major appliance manufacturers.
6. Precision Connection: FFC (Flexible Flat Cable), coaxial cables, and magnet wires sold to electronics manufacturers for signal transmission solutions in displays and other applications.
7. Energy Storage Systems: Residential and commercial energy storage inverters, battery management systems, and integrated storage solutions for home and industrial applications.

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels5 records

Core offering

Shenzhen Megmeet Drive Technology manufactures and sells power electronics products, industrial automation systems (variable frequency drives, servo systems, PLCs), new energy vehicle components (motor controllers, DC-DC converters, on-board chargers, charging piles), energy storage inverters and battery management systems, medical-grade power supplies, server power supplies, industrial microwave equipment, and smart digital welding machines. The company serves enterprise OEM customers across multiple industries including consumer electronics, industrial automation, automotive, energy storage, and smart home appliances.

Product overview

Shenzhen Megmeet Drive Technology (麦格米特电气股份有限公司, stock code 002851) is a global professional electrical automation solutions provider with core technologies in power electronics and automatic control. The company offers a comprehensive product portfolio across six major business segments: Power Products (including display power, LED power, laser power, industrial control power, home energy systems, solar storage charging, medical power, communication power, server power, high-voltage microwave power, and power supply), Industrial Automation (encompassing variable frequency drives/inverters like MV520/MV810/MV820 series, servo systems including M3/M5/M6/DM5/HM6 series, PLC control systems, industry-specific machines, industrial IoT with AI intelligent cameras), New Energy Transportation (including EV components, rail transit components, electric scroll compressors), Smart Equipment (including industrial microwave equipment, smart digital welders, intelligent oil extraction systems), Smart Home Appliance Control (including HVAC, bathroom, refrigeration controls), and Precision Connection (including FFC and magnet wires). The company positions itself as a one-stop solutions provider for hardware and software R&D, manufacturing, sales, and services across diverse industries.

Differentiator

Problem solved

Functional benefit

Brands

• MANGO (医疗电源品牌): Medical power adapter brand covering 12W-240W standard AC/DC, DC/DC adapters and PD adapters for medical devices
• MP (医疗电源系列)
• MEG-CRPS (服务器电源系列)
• WepeX (高压微波电源品牌)
• MGH系列 (家庭储能逆变器)
• Phasium (医疗电源高端品牌)

Products and services

• LED Backlight Power Supplies (LED背光电源) TV backlight power supplies using passive current sharing and Local Dimming technologies for uniform brightness and enhanced dynamic contrast in TVs, monitors, and gaming displays. Sold to display manufacturers including Toshiba and Konica Minolta.
• Commercial Display Power (商显电源) Power supplies for commercial displays with PWM/DC dimming, integrated OPS output, supporting 18-110 inch full size range and 36-1300W power range for digital signage and conference all-in-one machines.
• Multi-function Printer Power Supplies (多功能一体机电源) Power supplies for multifunction printers with 50-800W power range, multi-output (5V/12V/24V), high sleep efficiency of 87%, sold to printer and copier OEMs.
• LED Display Power Supplies (LED电源) High reliability LED display power supplies with 200-550W range, featuring narrow/wide voltage series, ultra-thin series, dual output series, current sharing backup series, and potting series. UL/CCC/CB/CE/FCC certified.
• Laser Power Supplies (激光电源) Laser projector power supplies including laser TV, laser business/education projector, smart micro projector, laser cinema projector, and industrial laser power for 800-2000W range. Sold to Xiaomi, XGIMI, JmGO for home projectors.
• Industrial Control Power Supplies (工控电源) Industrial power supplies ranging 35W-3000W with high efficiency, high reliability, wide temperature range (-30~70°C), for industrial control, security, power, communications, and new energy applications.
• Medical Power Supplies (医疗电源) Medical power supplies including external adapters (MANGO brand, 12W-240W), open-frame power supplies (MP series, 15W-2000W), battery packs, and PDU power systems meeting medical IEC 60601-1 standards with leakage current below 0.1mA. Phasium premium brand sold in North America through Megmeet USA Inc.
• Communication Power Supplies (通信电源) Communication power products including power modules with 98% efficiency, site monitoring, embedded power, PDU, communication battery packs, indoor/outdoor cabinets, and 5G outdoor power solutions for telecom base stations.
• Server Power Supplies (服务器电源) Server power supplies including MEG-CRPS series (800W-2200W), Power Shelf, BBU Shelf, Power Capacitor Shelf, 800V/570kW Side Rack, SLIM4000W, and IPS series, featuring Titanium efficiency and 80PLUS certification. Supports PMBus protocol for remote monitoring.
• High Voltage Microwave Power Supplies (高压微波电源) High voltage microwave power supplies including WepeX series (1000BX, 2000SX, 4000H, 6KW, 10KW) and Tank 2000SX for food, pharmaceutical, wood, chemical, and UV applications.
• Power Supply for Power Industry (电力电源) Power system rectifiers including 3kW and 6kW series with digital high power density, high reliability, high current sharing precision for power systems and rail transit.
• Bidirectional Inverters (双向逆变器) Portable energy storage inverters ranging 300W-3600W with built-in MPPT, high power density, up to 93% charge/discharge efficiency, supporting OTA remote management. Uses proprietary bidirectional inverter topology.
• MGH-6KHL-ET Home Energy Storage Inverter Home backup power system inverter for Africa, Latin America, Middle East with IP20 protection, compatible with lithium/lead-acid batteries, 94% efficiency. Launched August 2025.
• MGH-8KTR-ET Energy Storage Inverter Home and small commercial energy storage inverter for European/American markets with IP65 protection, compatible with high-voltage battery packs (160-800V), 98% efficiency. Launched August 2025.
• 125kW Energy Storage Converter (储能变流器) 125kW energy storage power converter with strong grid adaptability, multi-machine parallel and modular design, system multi-protection, new generation modulation switching technology.
• Variable Frequency Drives/Inverters (变频器) General-purpose variable frequency drives including MV520, MV810, MV820, MV100G, MV160G, MV200G/P, MV300G/P, MV600G series ranging 400W-400kW for industrial automation applications. Supports MODBUS, CANopen, EtherCAT, PROFINET, Ethernet/IP protocols.
• Servo Systems (伺服系统) Servo systems including M3 basic, M5 general, M6 standard, DM5 low-voltage, M6-L direct drive, HM6 high-power series, plus linear motors, voice coils, DD motors, and control platforms for industrial automation.
• PLC Control Systems (PLC控制系统) PLC control systems including MC5000/6000/8000 medium series, MX600 large series, MU100/200/300/400 small series, MC100/160X/200/280 series, and MCCD touch integrated PLCs for industrial control applications.
• Industry-Specific Machines (行业专机) Industry-specific machines including elevator integrated controllers (Smile series), spindle servo drives (S6, SPS, SPA), electro-hydraulic servo drives, HVAC inverters (MHP260, MHP280), lifting inverters, tunnel machine drives.
• Industrial IoT Solutions (工业物联网) Industrial IoT solutions including smart hardware, IoT platform, digital management software, and AI intelligent cameras (character detection and image classification) for quality control and inspection applications.
• Electric Vehicle Components (新能源汽车部件) New energy vehicle components including electric compressors, automotive thermal management systems, FFC, aerogel insulation, motor controllers (single/dual/multi-in-one), DC-DC converters, integrated charging systems (DCDC+OBC), and charging piles for automotive OEMs and tier-1 suppliers.
• Rail Transit Components (轨道交通部件) Rail transit components including air conditioning controllers, inverters, PFC, DC power, integrated frequency conversion devices, and air conditioning/compression for energy storage for rail transit OEMs.
• Electric Scroll Compressors (电动涡旋压缩机) Electric scroll compressors for new energy vehicles, rail transit/air conditioning, commercial refrigeration and heat pump, and energy storage thermal management applications.
• Industrial Microwave Equipment (工业微波设备) Industrial microwave equipment for aerogel curing, glass fiber drying, chemical powder drying, ceramic drying, UV curing, water-based paint drying, and microwave generators for industrial processing.
• Smart Digital Welders (智能数字化焊机) Smart digital gas protection welders including Meta Tig series, Ehave2 CM series, Artsen series, Artsen Plus series, Dex series, and Artsen CM500C carrier machine for industrial welding applications. Sold to Honglu Steel Structure with strategic procurement agreements.
• Smart Oil Extraction System (潜油螺杆泵智能采油系统) Intelligent sucker rod pump oil extraction system for petroleum industry, revolutionizing traditional artificial lift equipment.
• Smart Home Appliance Control Solutions (智能家电电控) Smart home appliance control solutions including HVAC, household microwave, smart bathroom (Kerie, Nuorui, Haorui, Xinrui series), bathroom parts, washing machines, and refrigeration for major appliance manufacturers.
• Precision Connection Products (精密连接) Precision connection products including FFC (flexible flat cables) for new energy battery packs, displays, OA equipment, notebooks, coaxial cables, and magnet wires (enameled wire, Litz wire, film-coated wire) for electronics manufacturers.

Quantifiable outcome

• Display power cumulative shipments of 1.5 billion+ units with 10 billion+ RMB in sales
• +6 more outcomes

Named customers13 records

Segments8 records

Ideal customer profiles7 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration8 records

AI capability4 records

Feature10 records

Partnerships

Twelve partnerships are on record, tiered minor and core.

• Open AI Infrastructure Summit ParticipantsminorOthers · 13 April 2026Participated in 2026 Open AI Infrastructure Summit showcasing 800VDC full-link power supply solutions for AI data centers, demonstrating capabilities to global AI infrastructure players.
• 香港城市大学 (City University of Hong Kong)coreStrategic or Co-development Partner · 14 January 2026Joint establishment of joint laboratory for electrical machinery engineering. Collaboration in research and development of motor and drive technology, leveraging university academic research capabilities and company industrial application expertise.
• 三家公司获国家级专精特新"小巨人"认定minorOthers · 28 October 2025Three of Megmeet's subsidiaries were recognized as national-level specialized, refined and innovative 'little giant' enterprises, demonstrating technological capabilities and specialized market positioning of the group.
• 海信集团 (Hisense Group)coreChannel Partner/ Reseller/ Distributor · 22 October 2025Supplies display power and related electrical components to Hisense. Awarded Hisense 'Global Pioneer Award' for contributions to Hisense's overseas expansion, recognizing Megmeet's support in global business development.
• 淮海车辆 (Huaihai Vehicles)minorStrategic or Co-development Partner · 16 July 2025Partnership in electric vehicle components and systems for light electric vehicles, addressing pain points in the EV sector and establishing high standards for product development.
• 鸿路钢构 (Honglu Steel Structure)coreChannel Partner/ Reseller/ Distributor · 1 May 2025Strategic procurement agreement for robot welding power units. Signed agreements for 1500 units in April 2024 and expanded to 1800 additional units in May 2025, demonstrating strong partnership in construction steel structure welding automation.
• 北汽集团 (BAIC Group)coreStrategic or Co-development Partner · 27 April 2025Collaborated with BAIC Group to develop in-vehicle oxygen cabin systems ('plateau oxygen cabin' and 'plain oxygen bar') for vehicles, enhancing passenger comfort and health during travel.
• 采日能源 (Cairi Energy)coreStrategic or Co-development Partner · 17 April 2025Strategic cooperation agreement in energy storage field, focused on joint development and cooperation in energy storage solutions ecosystem. Both companies leverage their respective strengths in energy storage technology and power electronics.
• 海尔智家 (Haier Smart Home)coreChannel Partner/ Reseller/ Distributor · 17 April 2025Major supplier of smart home appliance control components. Awarded 'Emerging Supplier' by Haier Smart Home recognizing contribution to AI-powered intelligent manufacturing and innovation-driven future.
• 国网电科院 (State Grid Electric Power Research Institute)coreStrategic or Co-development Partner · 12 February 2025Chairman of State Grid Electric Power Research Institute visited Megmeet to explore cooperation in power sector, discussing new collaboration opportunities in power electronics and energy systems.
• 长虹集团 (Changhong Group)coreChannel Partner/ Reseller/ Distributor · 27 May 2024Supplies power and drive components to Changhong. Awarded 'Best Innovation Supplier' for 2024 by Changhong Group, recognizing quality and innovation in product supply.
• 南瑞集团 (NARI Group)coreStrategic or Co-development Partner · 18 April 2024Deputy General Manager Hua Dingzhong led a team to visit Megmeet for research exchange, exploring potential cooperation in power automation and smart grid technologies.

Scale indicators14 records

Recent moves10 records

Expansion highlights5 records

Broad incumbents

• Schneider Electric: Global industrial automation and power management incumbent with overlapping product lines in VFDs (Altivar), servo drives, power supplies, and energy management systems. Schneider competes with Megmeet across most segments but at a much broader portfolio and global scale.
• ABB: Global industrial automation, motion, and power conversion leader offering drives (ACS series), PLCs, and EV charging infrastructure that compete with Megmeet's automation portfolio. ABB's broader scope and global service network differentiate it as a broad incumbent rather than a direct specialist.
• Siemens AG: Global industrial automation giant offering SINAMICS drives, SIMATIC PLCs, and servo systems that directly overlap with Megmeet's industrial automation portfolio. Siemens operates at a vastly larger scale and broader portfolio, serving as a benchmark for global automation incumbents.
• Eaton Corporation: US power management company with overlapping offerings in UPS systems, industrial power supplies, and power conversion for data centers and industrial automation. Eaton's broad portfolio across electrical and industrial segments positions it as a broad incumbent rather than a focused direct peer.

Direct peers

• Sungrow Power Supply: China's leading solar inverter and energy storage system provider with significant overlap in bidirectional storage inverters, BMS, and grid-tie power conversion. Sungrow's dominance in PV+storage parallels Megmeet's growing energy storage inverter business and shared customers in the renewable energy value chain.
• Vertiv Holdings: US-listed data center power infrastructure specialist directly competing with Megmeet's MEG-CRPS Titanium server power supplies, Power Shelf, and 800V DC architecture products serving AI and hyperscale data center customers.
• Kstar Science & Technology: Shenzhen-based Chinese power electronics company focused on UPS systems, solar inverters, and power supplies, directly competing with Megmeet in industrial power, UPS, and energy storage inverter segments. Similar Chinese market positioning and OEM customer base.
• Inovance Technology: China's largest industrial automation company, directly competing with Megmeet in variable frequency drives (VFDs), servo systems, PLCs, and EV motor controllers. Inovance's dominant Chinese market share in general-purpose inverters makes it the closest head-to-head competitor for Megmeet's industrial automation segment.
• Delta Electronics: Taiwanese power electronics giant that directly overlaps with Megmeet in display/LED power supplies, industrial power, telecom power, and server/data center power supplies. Both companies compete for the same global OEM customers including display and consumer electronics manufacturers.
• TDK-Lambda: Subsidiary of TDK specializing in industrial and medical AC/DC power supplies, directly competing with Megmeet's medical power (Phasium/MANGO brands) and industrial control power supply lines. Both target medical 60601-1 certified and industrial-grade power supply customers globally.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/MegmeetI
• LinkedInlinkedin.com/company/shenzhen-megmeet-electric-co-ltd

Compliance19 records

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries14 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments5 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Shenzhen Megmeet Drive Technology