More motor drives sold than expected

The worldwide low voltage motor drives market continues to surpass everyone’s expectations, says IMS Research.


Worldwide low voltage motor drives market continues to surpass everyone’s expectations. According to IMS Research , early indicators suggest the market had another stellar year in 2007 as it continued the recent trend of double digit growth, and in some regions, even surpassed the growth of 2006.
While the EMEA (Europe, Middle East & Africa) region experienced similar growth in 2007 as it did the previous year, increasing by about 15% over the 2006 levels, the markets in the Americas and Asia Pacific grew faster in 2007 than they did the year before. The market for motor drives in the Americas seemed unphased by recent economic woes affecting the U.S., and surged ahead by increasing more than 15% over 2006 levels. A continued focus on energy conservation due to record high energy costs, combined with an emphasis by major American companies to cut operational costs, has made motor drives the “darlings of the boardroom.” According to IMS Research motor drives analyst Alex Chausovsky, “motor drives continue to provide decision makers with an effective way to manage their long term energy costs, as well as significantly bringing down the total cost of ownership for a majority of the motors used by industry.”
The Asia Pacific drives market performed even better in 2007 than its European and American counterparts, growing by more than 25% over 2006 levels. India and China continue to exhibit an insatiable hunger for raw materials, such as metals and chemicals, and the increasing spending power of their populations is driving the demand for construction and processed foods and beverages, all of which are industry segments that rely heavily on motor drives. In addition, as the region’s economies continue to expand, there is a greater need to manage their limited energy resources, and motor drives will continue to be utilized to a great extent.
— Edited by C.G. Masi , senior editor

Register here and scroll down to select your choice of eNewsletters free.

Control Engineering provides more about low and medium voltage drives.

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.
Choosing controllers: PLCs, PACs, IPCs, DCS? What's best for your application?; Wireless trends; Design, integration; Manufacturing Day; Product Exclusive
Variable speed drives: Smooth, efficient, electrically quite motion control; Process control upgrades; Mobile intelligence; Product finalists: Vote now; Product Exclusives
Machine design tips: Pneumatic or electric; Software upgrades; Ethernet advantages; Additive manufacturing; Engineering Leaders; Product exclusives: PLC, HMI, IO
This article collection contains the 5 most referenced articles on improving the use of PID.
Learn how Industry 4.0 adds supply chain efficiency, optimizes pricing, improves quality, and more.

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

Cyber security cost-efficient for industrial control systems; Extracting full value from operational data; Managing cyber security risks
Drilling for Big Data: Managing the flow of information; Big data drilldown series: Challenge and opportunity; OT to IT: Creating a circle of improvement; Industry loses best workers, again
Pipeline vulnerabilities? Securing hydrocarbon transit; Predictive analytics hit the mainstream; Dirty pipelines decrease flow, production—pig your line; Ensuring pipeline physical and cyber security