Industrial and Urban Expansion Propels Market Growth
This study covers hardware, software, and services for medium voltage AC
drives with the following power ranges: up to 0.5 MW; >0.5 - 3 MW; >3 -
7.5 MW; >7.5 - 10 MW; >10 MW-20MW; and >20 MW.
In spite of a short-term slowdown, emerging economies will continue to invest long-term in infrastructure and basic industries, such as cement and steel plants, airports and metro systems, electric power generation, and water & wastewater facilities. Oil & gas and mining investments also will continue and grow long-term, despite some recent slowdowns due to cyclical market demand and pricing, because these investments are critical to the economic development of many emerging markets.
The growing global middle class in emerging economies will create additional demand for automobiles, white goods, and energy in these markets, such as China, India, and Latin America. This will increase growth in other connected industries, such as plastics & rubber, metals, and chemicals.
This study identifies growth segments and market trends, as well as challenges suppliers face to achieve growth. In addition to the quantitative assessment, the study provides an insightful analysis of factors that will impact this business in the future.
The challenge in the medium voltage AC drives market landscape is for
suppliers to differentiate themselves and offer an improved value propositions
to users and OEMs. This is especially important because the market is
competitive and demand is expected to grow. This study addresses key issues
- Which high growth industries are the most attractive for suppliers to
- What developing and emerging markets offer the highest growth potential
- Which special programs can help suppliers expand their market
- How can certain offerings help suppliers expand market penetration