High power AC drives market to grow to $9 billion by 2012

Thursday September 18, 2008
Written by
Dedham, Mass. – The market for high power AC drives is expected to grow at a compounded annual growth rate (CAGR) of 10.8 per cent over the next five years, according to a new ARC Advisory Group study.
The study found that the market was more than US$5.8 billion in 2007 and is forecasted to be nearly US$9.7 billion in 2012. According to ARC, 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.

"High power AC drives are widely used in infrastructure industries where significant investments are being made globally, especially in emerging economies. This assures strong market growth across all regions of the world for high power AC drives," says senior analyst Himanshu Shah, principal author of ARC's "High Power AC Drive Worldwide Outlook, Market Analysis & Forecast Through 2012" (www.arcweb.com/res/achi).

Add comment

Security code

Subscription Centre

New Subscription
Already a Subscriber
Customer Service
View Digital Magazine Renew


Digital Industry USA
September 10-12, 2019
EMO Hannover 2019
September 16-21, 2019
Weidmuller Open House
September 17, 2019

We are using cookies to give you the best experience on our website. By continuing to use the site, you agree to the use of cookies. To find out more, read our Privacy Policy.