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...
The System Integrator Giants program lists the top 100 system integrators among companies listed in CFE Media's Global System Integrator Database.
The Engineering Leaders Under 40 program identifies and gives recognition to young engineers who...
This eGuide illustrates solutions, applications and benefits of machine vision systems.
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.
Robotic safety, collaboration, standards; DCS migration tips; IT/OT convergence; 2017 Control Engineering Salary and Career Survey
Integrated mobility; Artificial intelligence; Predictive motion control; Sensors and control system inputs; Asset Management; Cybersecurity
Big Data and IIoT value; Monitoring Big Data; Robotics safety standards and programming; Learning about PID
Featured articles highlight technologies that enable the Industrial Internet of Things, IIoT-related products and strategies to get data more easily to the user.
This article collection contains several articles on how automation and controls are helping human-machine interface (HMI) hardware and software advance.
This digital report will explore several aspects of how IIoT will transform manufacturing in the coming years.

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

Mobility as the means to offshore innovation; Preventing another Deepwater Horizon; ROVs as subsea robots; SCADA and the radio spectrum
Future of oil and gas projects; Reservoir models; The importance of SCADA to oil and gas
Big Data and bigger solutions; Tablet technologies; SCADA developments
Automation Engineer; Wood Group
System Integrator; Cross Integrated Systems Group
Jose S. Vasquez, Jr.
Fire & Life Safety Engineer; Technip USA Inc.
This course focuses on climate analysis, appropriateness of cooling system selection, and combining cooling systems.
This course will help identify and reveal electrical hazards and identify the solutions to implementing and maintaining a safe work environment.
This course explains how maintaining power and communication systems through emergency power-generation systems is critical.
click me