Review on the market of AC drives (frequency inverters)
Developments in the global market of AC drives (frequency inverters, variable speed drives, VSDs) remained positive in the second quarter of 2011. Growth of the market was strongest in the Asia and Pacific region, but the markets in Europe and North America also developed as we expected. And Germany remains the engine of growth in the market of Europe.
Demand for AC drives (frequency inverters, variable speed drives, VSDs) was evenly divided among all the main industrial sectors. One important factor is that the demand of AC drives (frequency inverters, variable speed drives, VSDs, VFDs) in the marine industry showed clear signs of picking up in all main market areas. There are still strong seasonal fluctuations in demand for products for the generation of renewable energy.
The shortage of components that slowed down deliveries in 2010 and in the beginning of 2011 has eased and the availability of the components used now is at the moment reasonably good.
As experts in the field analyzed that the market of AC drives (frequency inverters, variable speed drives, VSDs) will grow 6-10 % in 2011. Investments to improve energy efficiency and in renewable energy production will support strong growth in all market areas.
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