Energy efficiency and infrastructure boom low-power variable frequency drives (VFDs, AC drives) market (part 2)
Continued from the article: Energy efficiency and infrastructure boom low-power variable frequency drives (VFDs, AC drives) market (part 1).
While the global economy was in its severe downturn since 2008, stimulus packages from various governments, especially emerging economies, enabled investments in infrastructure, such as road construction, water and wastewater facilities, and electric power plants.
These projects about road construction, water and wastewater facilities, and others will continue to have significant impact through 2015. Globalization also has created a growing need for modern infrastructure, especially in emerging economies. For example, airport facilities and road construction are driving demand for products from the metals and mining, cement and glass, and oil and gas industries.
Thus low-power variable frequency drives (VFDs, AC drives, variable speed drives, frequency inverters) will benefit in this environment, because they are key components of both infrastructure development and operation.
An expanding global middle class is yet another important forecast factor. Until recently, the world's middle class was located in Western Europe, North America, and Japan. But now, a new middle class is rapidly expanding in Asia, Eastern Europe, and Latin America, thus creating huge demand for new products. Consumption is expected to grow in areas ranging from consumer electronics to food and beverages.
As a result, there will be a greater demand for automation, absolutely including low-power variable frequency drives (VFDs, AC drives, variable speed drives, frequency inverters).
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