Dallas, TX -- (ReleaseWire) -- 03/18/2014 -- The AC Drives market in the APAC region is witnessing immense market potential for end-to-end systems. Many end-users expect a complete solution for motors, drives, and other products from vendors rather than buying and installing standalone products. Vendors can help end-users focus on their core business processes by providing end-to-end systems with accurate installation and minimal risk. Thus, many vendors have started providing end-to-end products and systems, helping buyers gain an 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 compact drives from the APAC region. Increased urbanization and industrialization in the APAC region increases the demand for low-end AC drives like AC compact drives. In addition, end-users are adopting drives to reduce their energy consumption and increase their overall energy efficiency.
The AC Drives Market in the APAC Region 2014-2018, has been prepared based on an in-depth market analysis with inputs from industry experts. The report focuses on the APAC region; it also covers AC Drives market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
Further, the report states that one of the major challenges in the market is the continuous decline in vendors' profit margins. The increase in the cost of raw materials and the decline in the price of drives are leading to a decline in the profit margins of the vendors. In addition, vendors are struggling to eliminate harmony waves and their impact on the drives.
The report recognizes the following companies as the key players in AC Drives Market in the APAC Region: ABB Ltd., Schneider Electric SA, and Siemens AG.
Other vendors mentioned in the report are, Hitachi Ltd., Beijing Leader & Harvest Electric Technologies Co., Ltd., Hiconics Drive Technology Co., Ltd., Toshiba Corp., Danfoss Group, Mitsubishi Electric Corp., Fuji Electric Holdings Co., Ltd., Yaskawa America Inc., and Emerson Electric Co.
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Key questions answered in this report:
- What will the market size be in 2018 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?