MRO Magazine

Robust Investments Boost Low-Power Ac Drives Market

MRO Magazine   



Dedham, MA -- Strong growth continued in 2007 for the low-power AC drives market due to robust investments in manufacturing and infrastructure industries worldwide. The worldwide market for low-power ...

Dedham, MA — Strong growth continued in 2007 for the low-power AC drives market due to robust investments in 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 $7 billion in 2007 and is forecasted to be nearly $11 billion in 2012, according to a new ARC Advisory Group study (all figures are in U. S. currency).

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.

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