The global site of the UK's leading magazine for automation, motion engineering and power transmission
21 March, 2017

Product and Supplier Search

Facebook

Low-power drives market defies the downturn

27 June, 2008

The global market for low-power AC drives will grow at a CAGR (compounded annual growth rate) of 8.9% over the coming five years, expanding from $7bn in 2007 to nearly $11bn by 2012, according to a new study by the ARC Advisory Group.

Emerging economies, such as those in the China, India, Brazil, Russia and Eastern Europe, are helping propel this growth.

Despite a softening US economy, automation suppliers in North America have continued to post strong revenue growth, ARC reports, propelled by green field plant construction in developing regions and by strong project activity in the oil and gas sector.

Significant order backlogs in the US ensure that business will continue at a healthy pace, says ARC. While the North American market may face some economic challenges, demand for automation products will remain strong, it adds, because of much-needed modernisation of the industrial infrastructure now under way.




Magazine
  • To view a digital copy of the latest issue of Drives & Controls, click here.

    To visit the digital library of past issues, click here

    To subscribe to the magazine, click here

    To see the latest Products & Services Directory, click here

     

Exhibition

Birmingham 2018The next Drives & Controls Exhibition and Conference will take place in Birmingham, UK, from 10-12 April, 2018. For more information on the event, visit the Show Web site

Poll

"Do you think that robots create or destroy jobs?"

Newsletter
Newsletter

Events

Most Read Articles