The worldwide market for Low Power AC Drives is expected to grow at a compounded annual growth rate (CAGR) of 8.9% from 2008 to 2012. This is forecasted by ARC Advisory Group. The market for low power ac drives worldwide was over $7 billion in 2007. The study of ARC Advisory Group expects that the market for low power ac drives worldwide will be nearly $11 billion in 2012.
Emerging economies, for example, the economies in the BRIC countries (Brazil, Russia, India, and China) and Eastern Europe, help propel this growth of the market for low power ac drive.
But frankly speaking, we think the result will be different. This market growth across world areas for low power frequency inverter is affected by many factors. Because of the financial crisis, things got worse. Even world is going down.
The demand for low power frequency inverter exists in such industries:
Chemical
Cement & Glass
Electric Power
Food & Beverage
Mining & Metals
Oil & Gas
Pharmaceutical & Cosmetics
Pulp & Paper
Textiles
Water & Wastewater
Automotive
Building Automation
Electronics & Semiconductors
Machinery
Transportation & Logistics
Printing & Publishing
Plastic & Rubber
And Other
But these industries are badly affected by today's financial crisis. So we believe in the near future the growth rate will be slow for the market of low power ac drive. After about 3 years, the industries mentioned above will adopt more and more low power ac drives. The market of low power ac drives worldwide will experience a rapid growth again after the financial crisis.
The figure below shows the data of the development for low power ac drives in the few years:
