Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

Low–Voltage Variable Frequency Drives Market Poised for 2014 Growth
Jul 16, 2014
 Printable format
 Email this Article
 Search

Revenues for variable frequency drives (VFDs) showed a flat growth rate (0.3% CAGR) from 2011 to 2013, according to IHS. European countries have been cautious to invest. Export demand from Asia Pacific has provided minimal incentives to invest. Unit shipments have increased slightly over the same time frame (at 2.6% CAGR), with lower-priced VFD sales accelerating marginally.

Although market revenues did not significantly increase in 2013, indications for 2014 suggest investment sentiment has improved, which is expected to lead to accelerated growth in upcoming years.

"After several years of a repressed economic environment, Europe’s process markets will recover towards the end of 2014," said IHS analyst Kevin Schiller. "In addition, the upcoming Energy-related Products Directive deadline in 2015 will spur additional growth in the European variable frequency drives market.”

As process markets improve in Europe, growth will recover in VFD markets, which will in turn lead to a recovery in premium drives sales. With the exception of Japan, economic activity is expected to accelerate for all major countries through 2016. IHS projects that gradual increases in global economic activity will pick up, to 2.9% in 2014 and 3.5% in 2015.

Back to Daily News

 

Daily News

...........................................................

Aug 18, 2014: Letter from GE Appliances CEO Confirms Talks with Electrolux

Aug 14, 2014: Electrolux In Talks to Acquire GE Appliances

Aug 14, 2014: June U.S. Cutting Tool Consumption Strongest of 2014

Aug 13, 2014: Manufacturing Technology Orders Up in June

Aug 13, 2014: Toshiba Appliance/Electronics Segment reports Higher 1Q Sales

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

March 2014: Market Research - 62nd Annual U.S. Appliance Industry Forecast
February 2014: Appliance Magazine Market Insight: December 2013
January 2014: Market Research - Appliance Historical Statistical Review: 1954-2012
January 2014: Appliance Magazine Market Insight: November 2013




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Plastics Today | Powder Bulk Solids | Canon Trade Shows