North America, Asia Lead AC Drive Surge

AC drive business worldwide continues to expand rapidly, driven by a burgeoning North American market and ongoing expansion in Asia, according to the new AC Drive Worldwide Outlook by Automation Research Corp. (ARC). The combined markets of Europe, the Middle East and Africa (EMA) remain the largest regional segment, followed by Japan and North America.

03/01/1998


Dedham, Mass. AC drive business worldwide continues to expand rapidly, driven by a burgeoning North American market and ongoing expansion in Asia, according to the new AC Drive Worldwide Outlook by Automation Research Corp. (ARC). The combined markets of Europe, the Middle East and Africa (EMA) remain the largest regional segment, followed by Japan and North America.

ARC's report projects that North America will continue to expand at near double-digit annual percentage rates over the next five years. Likewise, despite Asia's recent economic crisis, regions such as China and India can also expect strong growth as new ac drive technology and continued price erosion inspires potential users.

By geographic region, the report found that current segments--in percent of dollars--of the worldwide ac drive market include: EMA (38.4%), Japan (27.3%), North America (21.3%), rest of Asia (11.6%), and Latin America (1.4%).

Interestingly, although the worldwide ac drive market still has many different facets and niches, ARC's report adds that it is increasingly coalescing into one global market. North America, Europe, and Asia can no longer be considered independent entities in which the leading suppliers expect competition from only domestic competitors. Consequently, major ac drive suppliers are seeking to become strong in all regions to thrive over the long term. They are forming more domestic and international strategic partnerships.

For more information, visit www.controleng.com/info .





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.
Big Data and IIoT value; Monitoring Big Data; Robotics safety standards and programming; Learning about PID
Motor specification guidelines; Understanding multivariable control; Improving a safety instrumented system; 2017 Engineers' Choice Award Winners
Selecting the best controller from several viewpoints; System integrator advice for the IIoT; TSN and real-time Ethernet; Questions to ask when selecting a VFD; Action items for an aging PLC/DCS
This digital report will explore several aspects of how IIoT will transform manufacturing in the coming years.
Motion control advances and solutions can help with machine control, automated control on assembly lines, integration of robotics and automation, and machine safety.
This article collection contains several articles on the Industrial Internet of Things (IIoT) and how it is transforming manufacturing.

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

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
SCADA at the junction, Managing risk through maintenance, Moving at the speed of data
Automation Engineer; Wood Group
System Integrator; Cross Integrated Systems Group
Jose S. Vasquez, Jr.
Fire & Life Safety Engineer; Technip USA Inc.
click me