Product category:
Engineering Industry Reports and Surveys
News Release from: ARC Advisory Group
Edited by the Engineeringtalk Editorial
Team on 25 March 2004
China offers growth for low power AC
drives
China's low power AC drives market will grow at a CAGR of 10% over the next five years, according to a new report.
China's growing economy, investment friendly policies, and manufacturing industry that caters to the domestic and export markets create an immense growth opportunity for AC drives China's low power AC drives market will grow at a CAGR of 10% over the next five years
This article was originally published on Engineeringtalk on 10 Nov 2004 at 8.00am (UK)
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This situation is driving up the use of a wide range of automation products including AC drives", according to Senior Analyst Himanshu Shah, co-author of ARC's "Low power AC drive outlook for China".
China's emergence as a leading growth market for low power AC drives stems from investments taking place in new process plants, expansion projects, and production facility upgrades.
Sustained demand for a wide range of goods has led to massive investments across a broad spectrum of manufacturing verticals.
Building automation has emerged as the leading user segment of low power AC drives.
This outlook study also identifies other industries that will raise the AC drives market to the next plateau.
Although large global suppliers dominate this market, regional AC drive suppliers (comprising domestic, Taiwan, and Korean companies) are also thriving with no-frill products.
The primary opportunity for these suppliers emerges from price sensitive users and a wide range of applications for the basic V/F mode of operation.
While large automation suppliers successfully address major project opportunities, the market in China provides an opportunity for all AC drive suppliers in the OEM sector.
China, slated to host the Olympics in the year 2008, is feverishly creating a large infrastructure, resulting in growth opportunities for AC drives suppliers.
"Product enhancements, combined with falling prices, have a positive influence on the growth of the low power AC drives market", continues Shah.
ARC's "Low power AC drive outlook for China" provides strategic information to make decisions related to low power AC drives business in China.
It includes market size and its potential, leading suppliers, key factors that contribute to the market growth, market dynamics, and strategic issues that suppliers face.
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