Demand for More Energy and Oil & Gas Boosts Growth
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.
outlook for the high power AC drives market is positive because it is boosted by
increasing concern for the lack of natural resources compared to expected
demands and the state of the global environment. More efficient use of energy
is a prerequisite for all industrial operations, which will result in market
The world's energy consumption continues to grow, and it is
simply too large to be satisfied by renewable energy solutions alone, resulting
in a continuing push for more power generating plants and efforts to reduce the
world's energy consumption.
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. The oil & gas industry
will make significant capital investments in a combination of mature markets;
frontier markets (deep water, arctic, heavy oil); and non-conventional gas
(shale, coal seam gas), which will increase demand for AC drives.
study identifies growth segments and market trends, as well as challenges
suppliers face to achieve expansion in a very fragmented market landscape. In
addition to the quantitative assessment, this study 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 continue to
offer increasing value propositions to end users and OEMs. The market is
extremely competitive and demand is expected to grow as users have recognized
the benefits of high power AC drives. Well-planned strategies are invaluable
for suppliers to strengthen and expand their market position and foothold. The
study answers key questions, such as:
- What business strategies and product features should suppliers deploy to
achieve an increase in market share?
- Which high growth industries are the most attractive for suppliers to
- Which emerging regional markets provide the highest growth potential?