The global site of the UK's leading magazine for automation, motion engineering and power transmission
24 June, 2019

Product and Supplier Search

Facebook
Booming drives become `boardroom darlings`
Published:  14 March, 2008

The global market for low-voltage drives continued to expand at double-digit rates last year, with some regions growing even faster than during 2006. According to initial analysis by IMS Research, sales of drives in the EMEA (Europe, Middle East and Africa) region and in the Americas grew by about 15% last year, while the Asia-Pacific drives market was 25% larger than in 2006.

Sales in the Americas grew faster in 2007 than during 2006, despite the economic turndown. IMS attributes this to a combination of record energy costs and the push by US companies to cut their running costs. These have made drives "the darlings of the boardroom", it says.

"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," comments IMSí motor drives analyst, Alex Chausovsky.

The Asia-Pacific region was another area where sales grew faster during 2007 than 2006. In part, this can be attributed to the insatiable hunger for raw materials in China and India. Another factor is the increasing spending power of consumers which is driving a construction boom and boosting demand for processed food and beverages Ė segments of industry that rely heavily on drives. Drives are also helping to manage the regionís limited energy resources more efficiently.

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 2020The next Drives & Controls Exhibition and Conference will take place in Birmingham, UK, from 21-23 April, 2020. 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