Asia, infrastructure investments, driving high power ac drive market

Growing demand in Asia as well as increased infrastructure investments in the oil and gas, mining, and electric industries are driving the high power ac drive market, according to ARC Advisory Group.

08/21/2013


Investments in the infrastructure industries in many parts of the world caused continued demand for high power AC drives. Overall, the cement & glass, electric power, oil and gas, and mining industries had good growth in 2012. Most of this growth was in the emerging economies in Asia. In spite of this regional growth, slowdown in Europe, investment cut-backs in Latin America, and a significant slowdown in Japan resulted in a slight decline of the worldwide high power AC drives market, according to a new ARC Advisory Group study.

Suppliers are in a good position regardless of the current and future economic uncertainties because high power ac drives are a key product for improving energy efficiency in the industrial arena. “Demand for high power ac drives will continue in emerging markets because investments in the manufacturing, infrastructure, and building automation sectors must continue for economic development,” according to senior analyst Himanshu Shah, the principal author of ARC’s “High Power AC Drives Global Market Research Study.” 

Infrastructure investments will continue

Water and wastewater facilities, airport facilities, and power plants will increase their direct use of high power ac drives, as well as supporting industries such as metals and mining, cement & glass, and chemical. Developing economies continue to need improvements in their infrastructure. Also, in most developed countries, the infrastructures are crumbling in many industries. Modernization of these infrastructures will create additional demand for high power ac drives, today and throughout the forecast period of the worldwide outlook.

The growing requirements for energy

The world energy consumption is expected to rise dramatically in the next few decades. Demand for and costs of energy will only increase with future population growth and increased industrialization. Environmental and sustainability concerns will demand that national governments and private industries respond effectively and responsibly to the future energy challenges to cooperatively develop competitive energy policies that ensure affordable and reliable energy supplies.

In developing countries, demand is increasing for new power generating plants that use high power ac drives in many applications, such as turbines and compressors. Meanwhile, environmental concerns have raised interest in renewable sources of energy. High power ac drives are used for controlling traditional and renewable power generating processes. Additionally, initiatives to save energy at various levels, ranging from local to national governments, industrial operations to consumer awareness, fuel growth for the use of high power ac drives and to reduce the growth rate of worldwide energy consumption.

- Edited by Control Engineering. See more discrete manufacturing stories.



No comments
The Engineers' Choice Awards highlight some of the best new control, instrumentation and automation products as chosen by...
Each year, a panel of Control Engineering editors and industry expert judges select the System Integrator of the Year Award winners.
The Engineering Leaders Under 40 program identifies and gives recognition to young engineers who...
Learn how to increase device reliability in harsh environments and decrease unplanned system downtime.
This eGuide contains a series of articles and videos that considers theoretical and practical; immediate needs and a look into the future.
Learn how to create value with re-use; gain productivity with lean automation and connectivity, and optimize panel design and construction.
Go deep: Automation tackles offshore oil challenges; Ethernet advice; Wireless robotics; Product exclusives; Digital edition exclusives
Lost in the gray scale? How to get effective HMIs; Best practices: Integrate old and new wireless systems; Smart software, networks; Service provider certifications
Fixing PID: Part 2: Tweaking controller strategy; Machine safety networks; Salary survey and career advice; Smart I/O architecture; Product exclusives
The Ask Control Engineering blog covers all aspects of automation, including motors, drives, sensors, motion control, machine control, and embedded systems.
Look at the basics of industrial wireless technologies, wireless concepts, wireless standards, and wireless best practices with Daniel E. Capano of Diversified Technical Services Inc.
Join this ongoing discussion of machine guarding topics, including solutions assessments, regulatory compliance, gap analysis...
This is a blog from the trenches – written by engineers who are implementing and upgrading control systems every day across every industry.
IMS Research, recently acquired by IHS Inc., is a leading independent supplier of market research and consultancy to the global electronics industry.

Find and connect with the most suitable service provider for your unique application. Start searching the Global System Integrator Database Now!

Case Study Database

Case Study Database

Get more exposure for your case study by uploading it to the Control Engineering case study database, where end-users can identify relevant solutions and explore what the experts are doing to effectively implement a variety of technology and productivity related projects.

These case studies provide examples of how knowledgeable solution providers have used technology, processes and people to create effective and successful implementations in real-world situations. Case studies can be completed by filling out a simple online form where you can outline the project title, abstract, and full story in 1500 words or less; upload photos, videos and a logo.

Click here to visit the Case Study Database and upload your case study.