Abstract
Description
The worldwide market for low voltage drives had an exceptional year in 2007.
Detailed market data reported by major low voltage motor drive suppliers
indicated that the market was valued at $9.5 billion in 2007, with revenues
increasing by 19.7% over 2006 levels. The rapid growth is attributed to three
main factors: rising energy costs, a continued focus on energy efficiency, and
regional economic growth and infrastructure expansion.
These are some of the many findings from the latest IMS Research study of the
World Market for Low Voltage AC & DC Motor Drives. The report presents the low
voltage drives market in terms of revenues, unit shipments, and average
selling prices. The study uses 2007 as the base year, and forecasts are
provided for the period 2008 to 2012. In addition to presenting market size
estimates, the report also examines the relevant trends affecting the market,
analyzes the competitive environment, and provides market share estimates of
leading low voltage motor drive suppliers on a worldwide level.
The study features exceptional granularity, presenting the low voltage motor
drives market segmented by product type, voltage, sales channel, geographic
region, and power rating. The report also presents data for 27 industry
sectors, including commercial HVAC, chemicals & petroleum, food, beverage &
tobacco, mining, renewable energy, shipbuilding & marine and others. A company
directory and product matrix is also included to provide a complete picture of
the worldwide market for low voltage AC & DC motor drives.
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