PALO ALTO, Calif., Jan. 30 /PRNewswire/ -- 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,
http://www.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. For more information, visit
http://www.frost.com .
World Medium Voltage Drives Market
F442-17
Contact:
Tori Foster
Corporate Communications - North America
P: 210.477.8448
F: 210.348.1003
E: tori.foster@frost.com
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
http://www.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.
SOURCE Frost & Sullivan
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Related links:
http://www.frost.com
http://www.industrialautomation.frost.com
CONTACT:
Tori Foster, Corporate Communications - North
America, +1-210-477-8448, or fax, +1-210-348-1003, or
tori.foster@frost.com , or Magdalena Oberland, Corporate
Communications - Europe, +44-0-20-7915-7876, or fax,
+44-0-20-7730-3343, or magdalena.oberland@frost.com , or Donna
Jeremiah, Corporate Communications - Asia Pacific,
+603-6304-5832, or fax, +603-6201-7402, or djeremiah@frost.com ,
all of Frost & Sullivan
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