April 2012

Trends and Resources

HP Impact: Medium-voltage AC drives surge, thanks to energy market

While large project orders helped maintain the market size of medium-voltage AC drives in 2009, it also resulted in low growth in 2010 compared to other automation product markets. However, 2010 was s..

Thinnes, Billy, Hydrocarbon Processing Staff

While large project orders helped maintain the market size of medium-voltage AC drives 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 expected to experience higher growth in 2011 compared to sluggish growth in 2010, according to an ARC Advisory Group study. The impact of the extraordinary amount of policy stimulus in 2009 boded 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 an

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