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The Global AC and DC Drives Market to Reach US$24.26 Billion By 2016

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Dublin, Oct. 31, 2013 (GLOBE NEWSWIRE) -- Research and Markets (http://www.researchandmarkets.com/research/g7z2dd/global_ac_and_dc) has announced the addition of the "Global AC and DC Drives Market 2012-2016" report to their offering.

One of the key factors contributing to this market growth is increasing demand for AC and DC drives from the APAC region. The Global AC and DC Drives market has also been witnessing increasing demand for end-to-end systems. However, continuous decline in vendors' profit margin could pose a challenge to the growth of this market.

Commenting on the report, an analyst from TechNavio's Engineering team said: ''The Global AC and DC Drives market is witnessing huge market potential for end-to-end systems. Many end-users expect a complete solution for motors, drives, and other products from vendors. End-users prefer complete end-to-end systems from vendors rather than buying and installing standalone products. Vendors can help end-users to focus on their core business processes by providing end-to-end systems with accurate installation at minimal risk. Thus, many vendors have started to provide end-to-end products and systems, which help buyers to create a competitive edge over their competitors in the market.''

According to the report, one of the major drivers in the market is the increasing demand for AC and DC drives from the APAC region. Increasing urbanization and industrialization in the APAC region increases the demand for low-voltage AC drives.

Companies Mentioned

  • ABB Ltd.
  • Beijing Leader & Harvest Electric Technologies Co. Ltd.
  • Converteam
  • Danfoss Group
  • Emerson Electric Co.
  • Fuji Electric Holdings Co. Ltd.
  • Hiconics Drive Technology Co. Ltd.
  • Hitachi Ltd.
  • Mitsubishi Electric Corp.
  • Rockwell Automation Inc.
  • Schneider Electric SA
  • Siemens AG
  • Toshiba Corp.
  • Yaskawa America Inc.

For more information visit http://www.researchandmarkets.com/research/g7z2dd/global_ac_and_dc

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Source:Research and Markets