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Better Equipment Efficiency and Excellent Product Quality Set to Boost Medium Voltage Drives Market - With the energy price reaching all time highs, the demand for medium voltage drives is having a roar. Better control is another reason for this shift. This activity has promised the medium voltage drives market a bright future on the face of demand.
Better Equipment Efficiency and Excellent Product Quality Set to Boost Medium Voltage Drives Market

 

NewswireToday - /newswire/ - Palo Alto, CA, United States, 2006/01/31 - With the energy price reaching all time highs, the demand for medium voltage drives is having a roar. Better control is another reason for this shift. This activity has promised the medium voltage drives market a bright future on the face of demand..

   
 
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The trend of increasing concern on energy cost has caused energy conservation all over the world. The price of oil has increased from $30 per barrel in July 2003 to approximately $60 per barrel in 2006. The end-users of electric motors are no more ignorant of the fact that they need to save electric energy to reduce operating cost and thus improve profit margins. Medium voltage drives offer the best solution possible for the end-users under their operating horsepower range.

With the energy price reaching all time highs, the demand for medium voltage drives is having a roar. Apart from energy conservation concerns, environmental protection by converting equipments from being engine driven to electrical motor driven systems, is also gaining importance. Better control is another reason for this shift. This activity has promised the medium voltage drives market a bright future on the face of demand.

New analysis from Frost & Sullivan, (industrialautomation.frost.com), World Medium Voltage Drives Market, reveals that the market earned revenue of $530.9 million in 2004 and estimates to reach $827.7 million in 2011.

If you are interested in a virtual brochure, which provides manufacturers, end-users, and other industry participants with an overview of the latest analysis of the World Medium Voltage Drives Market then send an e-mail to Tori Foster - Corporate Communications at tori.foster[.]frost.com with the following information: your full name, company name, title, telephone number, e-mail address, city, state and country. We will send you the information via email upon receipt of the above information.

“However, with focus on the energy savings and increasing the level of efficiency across all the industries, medium voltage drives are increasingly being accepted and installed,” notes Frost & Sullivan Research Analyst Arjun Bagri. “Longer life cycle and low maintenance costs of medium voltage drives reduces the operating costs of the end-users in comparison to other rival technologies.”

Certain end-users choose from a wide variety of inexpensive technologies like traditional valves, hydrostatic clutch, fluid couplings, dampers and others over a medium voltage drive. The primary reason for preferring such solutions instead of medium voltage drives is the vast difference in capital expenditure. The end-users also are offset by the long payback period of the medium voltage drive. In some instances, the end-users are forced to opt for these mechanical solutions due to lack of financial resources at that period.

The medium voltage drives technology, especially the power electronics field, was relatively new in the 1990s. Hence, there were concerns and issues regarding the technology and the use of medium voltage drives. Customers had preferred to use low voltage drives with step-up and step-down transformers. However, the acceptance rate of drives in the North American and European markets has been on the rise, as information about the cost savings and advantages of medium voltage drives becomes more broadly understood. In the Asia Pacific medium voltage drives market, most of the end-users are not yet aware of medium voltage drives and their benefits.

”Some of the end-users are still not aware of the benefits of medium voltage drives. This is particularly true in the Asia Pacific market, where the awareness is spreading slowly across all the industries,” says Bagri.

Medium voltage drives offer benefits such as improved efficiency, low maintenance cost, high reliability and low operating costs. Medium voltage drive manufacturers need to educate the end-users about the total cost of the drives and help them understand the benefits they stand to gain by installing medium voltage drives.

World Medium Voltage Drives Market, a part of the 9406 subscription service, provides an overview and outlook for the market. This study has been segmented into the oil and gas market, power generation/utilities market, water and wastewater market, metals and mining market, aggregate and cement market, marine market and others market. This research includes detailed market opportunities and industry trends that have been evaluated following extensive interviews with market participants. Interviews are available to the press.

Frost & Sullivan, a global growth consulting company, has been partnering with clients to support the development of innovative strategies for more than 40 years. The company's industry expertise integrates growth consulting, growth partnership services, and corporate management training to identify and develop opportunities. Frost & Sullivan serves an extensive clientele that includes Global 1000 companies, emerging companies, and the investment community by providing comprehensive industry coverage that reflects a unique global perspective and combines ongoing analysis of markets, technologies, econometrics, and demographics.

World Medium Voltage Drives Market
F442-17

Contact:

Magdalena Oberland
Corporate Communications – Europe
P: +44 (0) 20 7915 7876
F: +44 (0) 20 7730 3343
E: magdalena.oberland[.]frost.com

Donna Jeremiah
Corporate Communications – Asia Pacific
P: +603 6304 5832
F: +603 6201 7402
E: djeremiah[.]frost.com

Keywords in this release: medium voltage drives, traditional valves, hydrostatic clutch, fluid couplings, dampers, oil and gas market, power generation/utilities market, water and wastewater market, metals and mining market, aggregate and cement market, marine market.

 
 
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Better Equipment Efficiency and Excellent Product Quality Set to Boost Medium Voltage Drives Market

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Publisher Contact: Tori Foster 
210.477.8448 tori.foster[.]frost.com
 
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