New ARC Advisory Group research on high power AC drives reveals that urbanization, growing emerging markets, and global megatrends, such as sustainability, energy efficiency, and IIoT/Industrie 4.0 are reshaping the market. These megatrends are creating many new opportunities for deploying AC drives.
According to Himanshu Shah, Senior Analyst, ARC Advisory Group and principal author of ARC’s High Power AC Drives Global Market Research 2016-2021 report, “End users are aware of the need to reduce energy consumption as well as for automation equipment that not only supports more cost-effective production, but also reduces the greenhouse effect and helps companies meet their emission targets. To support the end user’s investment justification process, suppliers of high power AC drives must quantify the energy management benefits.”
ARC sees clear business benefits for integrating IIoT/Industrie 4.0 as a key component of AC drives. For example, process industry applications can benefit by remote management of assets to monitor, control, and/or optimize different components of production equipment controlled by AC drives. The new IIoT-enabled connectivity, data management, and predictive analytics capabilities further increase customer value.
About the High Power AC Drives Research
This market research explores current and historical market performance and related technology and business trends, identifies leading technology suppliers, and provides five-year global forecasts for the high power AC drives market. This new research is based on ARC’s industry-leading market research database, extensive primary and secondary research, and proprietary economic modeling techniques. The research includes competitive analysis, plus five-year market forecasts by region, industry, power range, revenue category, voltage, sales channel, and customers.
This new research is available in a variety of formats to meet the specific research and budgetary requirements of a wide variety of organizations. These include:
Market Intelligence Workbook (Excel) - personalized spreadsheet includes up to five years of historical data in addition to the current base year market data and five-year market forecast. This workbook enables licensed users to freely manipulate the data to make it easier to analyze the latest data for business intelligence and generate custom reports.
Concise Market Analysis Report (PDF) – provides an executive-level summary of the current market dynamics, market forecasts, and competitive analysis, plus an overview of strategic issues. The PDF is available with or without detailed charts.
For more information on this and other available ARC market research, please visit our Market Data & Studies section.