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SOURCE Research and Markets
DUBLIN, February 12, 2014 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/wnjmp3/assessment_of) has announced the addition of the "Concise Analysis of the International Market for High Voltage Variable Frequency Drives" report to their offering.
"Concise Analysis of the International Market for High Voltage Variable Frequency Drives", is comprised of data and analysis of the China High Voltage Variable Frequency Drive market and presents a predominantly supply-side view in terms of market numbers. In addition to suppliers, primary research covers channel influencers, customers and end-users, and industry experts. End-users are segmented by industry and general consumption trends are provided. End-user industries are: metallurgy, petrochemical, chemicals, mining, power, building materials and urban construction industries.
The report draws on a three month, in-depth primary survey of 49 of the market's suppliers and channel players. It is essential reading for any professional needing accurate and detailed strategic information on this market. Major areas covered include: market size and shares, five-year projections, market structure, pricing trends, distribution, consumption, an assessment of key suppliers and more.
Growth in demand for VFDs is being driven by the huge energy savings associated with adoption of drive technology as well as government tax incentives. While there is huge potential for high voltage VFDs in China, adoption remains limited and demand has proved to be sensitive to the macroeconomic environment. While suppliers are optimistic about the future of the industry, it could take three to five years for the market to recover.
Overall, growth is expected to accelerate from current 8.3% to an average around 10% for the next three to five years. The author's forecast growth to be highest in the over 8000 kW segment where foreign suppliers dominate the market and have clear advantage in technology.
For more information visit http://www.researchandmarkets.com/research/wnjmp3/assessment_of
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