Keywords: Adjustable Speed Drives (ASD), Energy Efficiency, High Power AC Drives, Motor Speed Controls, Variable Frequency Drives (VFD), Market Shares, Market Forecast
The market for high power AC drives or variable frequency drives (VFD) in India will be driven by the need to meet the growing demands for modern infrastructure, efficient energy utilization, and climate friendly solutions. Orders for high power AC drives were negatively impacted in 2013 compared to 2012. However, the India market for high power AC drives is expected to rebound with good growth rates in the forecast period (2013-2018) according to a new ARC Advisory Group study.
A number of megatrends affect this market. “India’s emerging middle class and growing economy will ensure continued investments in infrastructure and manufacturing. Simultaneously, other important factors like the need for increased energy efficiency, productivity improvements, and environmental issues will drive long-term growth of the high power AC drives market in India,” according to Country Manager ARC Advisory Group India, G. Ganapathiraman, co-author of ARC’s new “High Power AC Drives for India Market Research Study”.
Urbanization and Climate-friendly Solutions
AC drives can help make many new large buildings “greener.” With growing urbanization, special demands are being placed on construction projects to reduce energy consumption and pollution. Consequently, the market is seeing increased demand for energy-saving AC drive products. An HVAC system could account for more than 50 percent of the building’s energy consumption for a large building. AC drives used for the heating and cooling systems will ensure that the pumps, compressors, and fans never run faster than necessary to ensure the right temperature, providing energy savings that in certain applications can range from 20 to 40 percent.
Offer AC Drives with Embedded Services
With today’s Industrial Internet of Things (IIoT) or Industrie 4.0 vision, integrated intelligence services in products play a critical role in industrial operations. It is critical that suppliers offer AC drives with a variety of advanced embedded services described in the study. These “services-oriented drives” will play a key role in both production optimization and the managed convergence between plant floor devices, controllers, energy and asset management systems, and business systems.
In addition to the quantitative assessment of the high power AC drives market, this ARC study provides an insightful analysis of the products and strategies of the leading and emerging high power AC drives suppliers.
For more information on this study, please visit our Market Research section.
The market for high power AC drives or variable frequency drives (VFD) in India will be driven by the need to meet the growing demands for modern infrastructure, efficient energy utilization, and climate friendly solutions. Orders for high power AC drives were negatively impacted in 2013 compared to 2012. However, the India market for high power AC drives is expected to rebound with good growth rates in the forecast period (2013-2018) according to a new ARC Advisory Group study.
A number of megatrends affect this market. “India’s emerging middle class and growing economy will ensure continued investments in infrastructure and manufacturing. Simultaneously, other important factors like the need for increased energy efficiency, productivity improvements, and environmental issues will drive long-term growth of the high power AC drives market in India,” according to Country Manager ARC Advisory Group India, G. Ganapathiraman, co-author of ARC’s new “High Power AC Drives for India Market Research Study”.
Urbanization and Climate-friendly Solutions
AC drives can help make many new large buildings “greener.” With growing urbanization, special demands are being placed on construction projects to reduce energy consumption and pollution. Consequently, the market is seeing increased demand for energy-saving AC drive products. An HVAC system could account for more than 50 percent of the building’s energy consumption for a large building. AC drives used for the heating and cooling systems will ensure that the pumps, compressors, and fans never run faster than necessary to ensure the right temperature, providing energy savings that in certain applications can range from 20 to 40 percent.
Offer AC Drives with Embedded Services
With today’s Industrial Internet of Things (IIoT) or Industrie 4.0 vision, integrated intelligence services in products play a critical role in industrial operations. It is critical that suppliers offer AC drives with a variety of advanced embedded services described in the study. These “services-oriented drives” will play a key role in both production optimization and the managed convergence between plant floor devices, controllers, energy and asset management systems, and business systems.
In addition to the quantitative assessment of the high power AC drives market, this ARC study provides an insightful analysis of the products and strategies of the leading and emerging high power AC drives suppliers.
For more information on this study, please visit our Market Research section.