The market for low power AC drives in India exceeded $150 million in 2006. According to a ARC Advisory Group study, the market for low power ac drive in India will grow at a compound annual growth of 15.4% from 2007 to 2011 because of the country's growing manufacturing sector. You can refer to the study here: the article in our Automation and Control Forum. And experts believe that suppliers of low power ac drives are benefiting from the increasing level of automation in manufacturing, leading to a greater use of low-power AC drives in industries such as automotive, mining & metals, printing and publishing, and textiles, for applications such as conveying and material handling, fans, pumps, and compressors.
But we believe that the annual growth of the market for low power ac drives will slow down because of the financial crisis nowadays. Although the benefits of adopting low power ac drives in many fields are obvious, varied industrial sectors cuts the cost of adopting low power ac drives, just in order to survive in such bad economy. Companies just become more cautious. But some companies will grasp this opportunity, adopting more and more low power ac drive in their applications to exceed other ones. This is interesting.
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