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Medium Voltage Motor Drives Sales Flat in 2009, Projected to Decline in 2010
15 April 2010
The following press release highlights the impact of the global economic recession on the medium voltage motor drives market. This press release will be of interest to medium voltage drive suppliers such as ABB, Siemens, Converteam, Rockwell, TMEIC, LD Harvest, Toshiba, and Hitachi.
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Medium Voltage Motor Drives Market Grows Rapidly as Energy Prices Soar
08 August 2008
According to the latest statistics from IMS Research, the global medium voltage motor drives market experienced unprecedented growth in 2007. Record high energy prices combined with product replacement and emerging medium voltage applications have contributed to increasing the market by nearly 34% over 2006 levels, to exceed $1.5 billion. It is forecast to continue growing by an average of 21% per year in terms of revenues to surpass $4 billion by 2012.
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