While large project orders helped maintain the Medium Voltage AC Drives market size in 2009, it also resulted in low growth in 2010 compared to other automation product markets. However, 2010 was still not a disappointing year for the medium voltage AC drives market. The market is expected to experience higher growth in 2011 compared to sluggish growth in 2010, according to a new ARC Advisory Group study.
Medium Voltage AC Drives BusinessThe impact of the extraordinary amount of policy stimulus in 2009 bode well for the high power AC drives market in 2009 and 2010. Monetary policy had been highly expansionary, with interest rates down to record lows in most advanced and in many emerging economies. “Growth in power and automation solutions for all regions of the world is expected to continue in 2011 and beyond with increasing market demand for building new and upgrading existing power infrastructure and improving industrial efficiency and productivity,” according to Senior Analyst Himanshu Shah, the principal author of ARC’s “Medium Voltage AC Drives Worldwide Outlook”.
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