Medium voltage ac drives market expected to grow in 2011

A study by ARC Advisory Group suggests increased global demand in growing markets as well as steady growth in mature, established markets will be the main driving force for the market's growth in 2011.

03/01/2012


While large project orders helped maintain the Medium Voltage AC Drives market size in 2009, it also resulted in low growth in 2010 compared to other automation product markets. However, 2010 was still not a disappointing year for the medium voltage ac drives market. The market is expected to experience higher growth in 2011 compared to sluggish growth in 2010, according to a new ARC Advisory Group study.

The impact of the extraordinary amount of policy stimulus in 2009 bode well for the high power ac drives market in 2009 and 2010. Monetary policy had been highly expansionary, with interest rates down to record lows in most advanced and in many emerging economies. “Growth in power and automation solutions for all regions of the world is expected to continue in 2011 and beyond with increasing market demand for building new and upgrading existing power infrastructure and improving industrial efficiency and productivity,” according to Senior Analyst Himanshu Shah, the principal author of ARC’s “Medium Voltage AC Drives Worldwide Outlook” 

Demand from emerging markets

While demand in mature markets for automation solutions and ac drives use is expected to improve, emerging markets will remain significant drivers of growth as they build up their electrical power generation capacity and expand industrial production with a major focus on improving energy efficiency and industrial process quality. These dynamics directly impact the medium voltage ac drives market growth. Demand for commodities fueled by economic growth of emerging countries and the need to become more globally competitive in product quality is also expected to drive demand for industrial automation solutions and medium voltage ac drives in the emerging markets.

Increased investments in infrastructure will drive market growth

Globalization has created a growing demand for modern infrastructures, especially in emerging economies. Major investments are underway and more are being planned for airport facilities, railway and public transportation expansions, and new road construction, which are driving demand for products from the metals and mining, cement and glass, and the oil and gas industries. Emerging economies know that their current infrastructures are a major bottleneck for their continuing economic growth. Medium voltage ac drives are one of the critical components for these infrastructure investments and are used extensively in these industries.

In spite of unpredictable economic conditions of some countries in Europe, the globalization environment is expected to resume over the next forecast period. The beginnings of a modest recovery in the global economy would present an excellent backdrop for medium voltage ac drives’ market growth.

While every world region will experience growth in the medium voltage ac drives market over the forecast period, there are significantly different factors affecting each specific market. 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 medium voltage ac drives market, the report provides an insightful analysis of the market and strategies of the leading suppliers that will impact this business in the future.



No comments
The Top Plant program honors outstanding manufacturing facilities in North America. View the 2015 Top Plant.
The Product of the Year program recognizes products newly released in the manufacturing industries.
The Engineering Leaders Under 40 program identifies and gives recognition to young engineers who...
IIoT grows up; Six ways to lower IIoT costs; Six mobile safety strategies; 2017 Salary Survey
2016 Top Plant; 2016 Best Practices on manufacturing progress, efficiency, safety
2016 Product of the Year; Diagnose bearing failures; Asset performance management; Testing dust collector performance measures
Future of oil and gas projects; Reservoir models; The importance of SCADA to oil and gas
Big Data and bigger solutions; Tablet technologies; SCADA developments
SCADA at the junction, Managing risk through maintenance, Moving at the speed of data
What controller fits your application; Permanent magnet motors; Chemical manufacturer tames alarm management; Taking steps in a new direction
Tying a microgrid to the smart grid; Paralleling generator systems; Previewing NEC 2017 changes
Package boilers; Natural gas infrared heating; Thermal treasure; Standby generation; Natural gas supports green efforts

Annual Salary Survey

Before the calendar turned, 2016 already had the makings of a pivotal year for manufacturing, and for the world.

There were the big events for the year, including the United States as Partner Country at Hannover Messe in April and the 2016 International Manufacturing Technology Show in Chicago in September. There's also the matter of the U.S. presidential elections in November, which promise to shape policy in manufacturing for years to come.

But the year started with global economic turmoil, as a slowdown in Chinese manufacturing triggered a worldwide stock hiccup that sent values plummeting. The continued plunge in world oil prices has resulted in a slowdown in exploration and, by extension, the manufacture of exploration equipment.

Read more: 2015 Salary Survey

Maintenance and reliability tips and best practices from the maintenance and reliability coaches at Allied Reliability Group.
The One Voice for Manufacturing blog reports on federal public policy issues impacting the manufacturing sector. One Voice is a joint effort by the National Tooling and Machining...
The Society for Maintenance and Reliability Professionals an organization devoted...
Join this ongoing discussion of machine guarding topics, including solutions assessments, regulatory compliance, gap analysis...
IMS Research, recently acquired by IHS Inc., is a leading independent supplier of market research and consultancy to the global electronics industry.
Maintenance is not optional in manufacturing. It’s a profit center, driving productivity and uptime while reducing overall repair costs.
The Lachance on CMMS blog is about current maintenance topics. Blogger Paul Lachance is president and chief technology officer for Smartware Group.
Motion control advances and solutions can help with machine control, automated control on assembly lines, integration of robotics and automation, and machine safety.
This article collection contains several articles on the vital role of plant safety and offers advice on best practices.
This article collection contains several articles on preventing compressed air leaks and centrifugal air compressor basics and best practices for the "fifth utility" in manufacturing plants.
Maintenance Manager; California Oils Corp.
Associate, Electrical Engineering; Wood Harbinger
Control Systems Engineer; Robert Bosch Corp.
click me