ARC NEWS
For Immediate Release
CONTACT:
Kim Coffman
781-471-1123
kcoffman@arcweb.com
High Power AC Drives Business Driven by
Infrastructure Investments and Energy Costs
Keywords:
AC Drives, Energy Efficiency, Sustainability, Infrastructure,
Automation Solutions, VFD, Variable Frequency Drives (VFD), Variable
Speed Drives, Adjustable Speed Drives, Motor Speed Controls, Global
Market Research Report, Market Shares, Market Growth, Market Forecast
Dedham, Massachusetts; August 1, 2013: Investments in the infrastructure
industries in many part of the world caused continued demand for high
power AC drives. Overall, the cement & glass, electric power, oil & gas,
and mining industries had good growth in 2012. Most of this growth was
in the emerging economies in Asia.
In spite of this regional growth,
slowdown in Europe, investment cut-backs in Latin America, and a
significant slowdown in Japan resulted in a slight
decline of the worldwide high power AC drives
market, according to a new ARC Advisory Group
study.
Suppliers are in a good position regardless of the
current and future economic uncertainties because
high power AC drives are a key product for
improving energy efficiency in the industrial arena.
High Power AC Drives Market
©2013 ARC Advisory Group
“Demand for high power AC drives will continue in
emerging markets because investments in the
manufacturing,
infrastructure,
and
building
automation sectors must continue for economic development,” according to
Senior Analyst Himanshu Shah (hshah@arcweb.com), the principal author
of ARC’s “High Power AC Drives Global Market Research Study,”
(www.arcweb.com/market-studies/pages/ac-drives-high-power.aspx).
Infrastructure Investments Will Continue
Water & wastewater facilities, airport facilities, and power plants will
increase their direct use of high power AC drives, as well as supporting
industries such as metals & mining, cement & glass, and chemical.
Developing
economies
continue
to
need
improvements
in
their
infrastructure. Also, in most developed countries, the infrastructures are
crumbling in many industries. Modernization of these infrastructures will
VISION, EXPERIENCE, ANSWERS FOR INDUSTRY
ARC News, Page 2
create additional demand for high power AC drives, today and throughout
the forecast period of the worldwide outlook.
The Growing Requirements for Energy
The world energy consumption is expected to rise dramatically in the next
few decades. Demand for and costs of energy will only increase with
future population growth and increased industrialization. Environmental
and sustainability concerns will demand that national governments and
private industries respond effectively and responsibly to the future energy
challenges to cooperatively develop competitive energy policies that ensure
affordable and reliable energy supplies.
In developing countries, demand is increasing for new power generating
plants that utilize high power AC drives in many applications, such as
turbines and compressors.
Meanwhile, environmental concerns have
raised interest in renewable sources of energy. High power AC drives are
used for controlling traditional and renewable power generating processes.
Additionally, initiatives to save energy at various levels, ranging from local
to national governments, industrial operations to consumer awareness, fuel
growth for the use of high power AC drives and to reduce the growth rate
of worldwide energy consumption.
In addition to the quantitative assessment of the high power AC drives
market, this ARC study provides an insightful analysis of the products and
strategies of the leading high power AC drives suppliers and explores
issues that will impact these businesses well into the future.
For more information on this study, go to: www.arcweb.com/marketstudies/pages/ac-drives-high-power.aspx.
About ARC Advisory Group:
ARC Advisory Group is the leading market research and advisory firm for
industry and infrastructure. Business and IT executives around the world
depend on ARC for coverage of technology from automation and business
systems to product and asset lifecycle management, supply chain
management, logistics, operations management, controls and control
elements. ARC is the “go-to” market research and technology analysis firm
for their companies. ARC analysts have the industry knowledge and firsthand experience to help clients find the best answers.
ARC Advisory
Group, 781-471-1000, www.arcweb.com.
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