Low-voltage converter market for motors will recover to 10.5 billion
November 06, 2023
According to the latest statistics from market research firm IMS Research, in 2010, low-voltage AC/DC motor drives will return to double-digit growth, and the market capacity is expected to reach 10.5 billion U.S. dollars, with shipments reaching 16.4 million. Although the motor-driven market demand has declined, it has not fallen as badly as other industrial market products.
The total market in 2009 was about 930 million U.S. dollars, which was 13% lower than in 2008, and the total shipment volume was 13.9 million, which was 8% lower than that of 2008.
The reason why there is no large market volume for the decline in shipments is that, due to the development of technology, the product portfolio has been transformed from the former standard devices or high-quality devices to compact devices. Because of the economic downturn, customers are more price-sensitive and therefore will choose more compact devices with low prices and powerful functions.
According to analyst Sarah Sultan's analysis: "According to the company's report, compact devices have risen in both the economic downturn and recovery process, and as high-performance devices gradually recover in the coming months, they will reduce market share. The difference from the growth rate of shipments."
The Asia-Pacific region will replace EMEA (Europe, Middle East and Africa) and become the first, and the slowdown in the economic recovery of European countries will reduce the overall ranking.
In the EMEA market, although the increase is small in 2010, the growth rate in 2011 will rise to 2 digits again. In contrast, the market in the Asia-Pacific region declined in 2009, but the growth rate in 2010 exceeded 20%. At the same time, the recovery of the Americas in 2010 is expected to be strong, with an increase of more than 15%. IMS expects the application of high-voltage AC market will be the most obvious. Japan is the region most affected by the economic downturn. It fell in both 2008 and 2009, and the increase in 2010 was about 6.4%.
The recovery of the industrial sector is diversified. With the rapid urbanization and population growth, the demand for food, beverage, tobacco, water and wastewater treatment markets is huge. It will support the needs of various industries, and large-scale project systems such as shipping, shipping and The recovery of the hardware market will be much smoother. In addition, these lines also require higher quality devices that will recover more slowly than compact or standard devices.