Product category:
Motors and Variable speed drives
News Release from: ARC Advisory Group | Subject: Low Power AC Drives
Edited by the Processingtalk Editorial
Team on 03 July 2008
Low power AC drives market analysis
ARC considers that the Low Power AC Drives market continued with strong growth in 2007, due to robust investments by the manufacturing and infrastructure industries worldwide
The worldwide market for Low Power AC Drives is expected to grow at a compounded annual growth rate (CAGR) of 8.9% over the next five years The market was over USD7 billion in 2007 and is forecasted to be nearly USD11 billion in 2012, according to a new ARC Advisory Group study
This article was originally published on Processingtalk on 10 Jul 2008 at 8.00am (UK)
Related stories
Control valve market forecast to exceed USD6Bn
The worldwide control valve market enjoyed yet another year of historic double-digit growth between 2006 and 2007, suggests ARC
Emerging economies drive PLC market growth
Strong economic growth in Asia and Eastern Europe significantly boosted the Programmable Logic Controller (PLC) market in 2007: future market growth will be at 6.5% pa
Emerging economies, such as those in the BRIC countries (Brazil, Russia, India, and China) and Eastern Europe, helped propel this growth.
The regional expansion was led by China, where real GDP grew robustly as exports and investment accelerated, and by India, where gains in domestic demand and particularly investment underpinned strong growth.
"Increasing consumer demand from the growing middle class in emerging economies, new infrastructures, a friendly financial environment for capital investments, and a need for producing and saving energy were primary factors for huge market growth," according to Senior Analyst Himanshu Shah, the principal author of the ARC study "Low Power AC Drive Worldwide Outlook, Market Analysis and Forecast Through 2012".
Further reading
Radar level market to reach USD421 Million
The radar level measurement market was USD316 million in 2007 and is forecasted to be USD421 million in 2012, according to a new ARC Advisory Group market study
Ethernet migration into automation device levels
The industrial Ethernet migration into the device or I/O level of the automation network hierarchy signals its continued march downward in the enterprise architecture
Presenting the Fifth India Forum from ARC
The ARC Winning Strategies and Best Practices for Process Industries Forum in India will be held on 10-12 July 2008 at Hyderabad
Despite a softening US economy, automation suppliers continued to post strong revenue growth in the fourth quarter of 2007, propelled by robust greenfield plant construction in developing regions and strong project activity in the oil and gas sector.
Suppliers reported big project wins in the oil and gas, refining, petrochemical, and mining sectors.
Significant order back-logs ensure that business will continue at a healthy pace.
While the North American market may face some economic challenges in the quarters ahead, demand for automation products will remain strong, thanks to much needed modernisation of the industrial infrastructure that is well under way.
Demand side conditions in the automation marketplace remained strong, with continued heavy investment in China, India, Latin America, Eastern Europe, and the Middle East.
The oil and gas industry remains the leading growth industry for automation.
Globalisation has created huge demand for modern infrastructure, especially in emerging economies.
Globalisation is also driving the use of advanced automation worldwide.
Consequently, AC drives are increasingly used across all industrial segments, including building automation, chemicals, food and beverage, textiles, metals, and various infrastructure industries.
Energy scarcity in comparison to supply is also affecting automation in a wide range of industries.
For example, the automotive industry seeks lighter material to improve fuel efficiency and the packaging industry seeks more paper materials to reduce packing material cost, which are driven up by high energy cost.
These changes also fuel new ways of manufacturing operations, causing additional use of automation equipment.
While every world region will experience growth in the low power AC drives market over the forecast period, there are significantly different factors affecting this market growth across world areas.
A brief description regarding the economic scenarios for each major world area is covered in this report.
In addition to the quantitative assessment of the Low Power AC Drive market, the report provides an insightful analysis of the market and strategies of leading suppliers that will impact this business in the future.
• ARC Advisory Group: contact details and other news
• Email this article to a colleague
• Register for the free Processingtalk email newsletter
• Processingtalk Home Page
Search the Pro-Talk network of sites
