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.
Each year, a panel of Control Engineering and Plant Engineering editors and industry expert judges select the System Integrator of the Year Award winners in three categories.
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.
Controller programming; Safety networks; Enclosure design; Power quality; Safety integrity levels; Increasing process efficiency
Additive manufacturing benefits; HMI and sensor tips; System integrator advice; Innovations from the industry
Robotic safety, collaboration, standards; DCS migration tips; IT/OT convergence; 2017 Control Engineering Salary and Career Survey
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!

Infrastructure for natural gas expansion; Artificial lift methods; Disruptive technology and fugitive gas emissions
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
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