Low Voltage Motor Drives Fairing Worse Than Expected
May 18, 2009
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The worldwide market for low voltage ac & dc motor drives is experiencing a greater decline than previously expected as a result of the economic downturn. A revised forecast in a report from IMS Research predicts a contraction of 5.6% in terms of revenues over 2008 levels. The report says shows a decline across all regions for the last quarter of 2008 and 1Q 2009.

IMS says that the contraction is due to machinery markets in Europe, Asia, and the Americas are performing worse than predicted and to ongoing problems with capital lending. Yet, the report says that many suppliers of motor drives have indicated a slight increase in orders in 2Q 2009, and forecasts for 2010 to 2012 remain positive.

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