Mega Trends Will Lift Market Despite Challenging Dynamics
This global market study covers hardware, software, and services for high power AC drives, which comprises the midrange (41-200 kW), high-end (201-600 kW), and mega (>600kW) power segments.
2015 was a challenging year for the high power AC drives market with many cross currents due to regional economic dynamics, falling oil prices, slow economic growth in China, a strong US dollar, and weaker euro and Japanese Yen. This research provides analysis on how various regions and industries performed under a backdrop of these dynamics. It also provides long- term trends impacting this market and its growth during the next five years.
With diverse economic and regional dynamics in 2015, the global high power AC drives market declined significantly. However, our research identifies many factors resulting from global megatrends that will grow the high power AC drives market.
This research identifies growth segments and market trends, as well as the challenges suppliers face to achieve expansion in a very fragmented market landscape. In addition to the quantitative assessment, this research provides an insightful analysis of issues that will impact this business in the future.
The challenge in the high power AC drives marketplace is how suppliers can differentiate themselves and offer increasing value propositions to end users and OEMs. This is especially important be-cause the market is extremely competitive and demand is expected to grow. This research answers key questions, such as:
• Which high growth industries are the most attractive for suppliers to target?
• What long-term trends are at play that are important to end users and how do the suppliers respond?