Manufacturers' urgent desire to reduce energy costs and consumption is directly driving the growth of the high-power variable frequency inverter market. Asia is the largest market for high-power voltage regulators, accounting for 42% of the total annual revenue of the voltage regulator market and will remain the main driving force for the growth of the high-power voltage regulator market during the forecast period.
Asia's industrial sector is witnessing a growing demand for energy efficiency, aiming to expand production capacity while enhancing operational flexibility. Economic turmoil in some European countries has contributed to global economic uncertainty, and China's slowing growth in 2012 also had a negative impact on the market. The demand for power and automation solutions in Asia is expected to continue increasing in 2012 and beyond, with a positive role played by the need for new power facilities, upgrades to existing facilities, and improvements in industrial efficiency and productivity. These factors will continue to stimulate the application of high-power voltage regulators during periods of economic instability.
The energy and infrastructure sectors are experiencing rapid growth.
As the global economy grows, developing economies in Asia will require more energy and basic materials, driving the production of electricity, oil and gas, chemicals, paper, and steel. Additionally, the increased demand for metals, oil, and mineral resources has also spurred the application of automation and high-power voltage regulators.
The market growth of automation and high-power voltage regulators is closely related to the vast consumption in the infrastructure industry. Whether in developed or emerging economies, the development of the infrastructure sector is of concern and continues to evolve. Consequently, investments in automation equipment (including various specifications of voltage regulators) will increase, such as in power generation, water and wastewater treatment industries. During the forecast period, the food and beverage, pharmaceutical, fast-moving consumer goods, and renewable energy application sectors are also expected to perform well in terms of investments in high-power variable frequency drives.
Emerging economies show promising performance
It is predicted that emerging economies in Asia will generate higher GDP output in the coming years. The increase in consumer demand and additional infrastructure projects will drive up the market demand for many products. The oil and gas industry, metal and mining, cement and glass sectors, and many other process and discrete industry niches are witnessing a rising demand for automation and high-power voltage regulators. Moreover, the focus of growth for high-power inverters is shifting to emerging economies, with production lines gradually moving to these regions, particularly India and China. The industry has fully recognized the importance of energy use and is adjusting operational models according to energy consumption and cost requirements. The use of automation equipment, including voltage regulators, is an essential tool in achieving energy-saving goals.
Company Name
Wuxi Annes New Energy Equipment Co., Ltd.
Service Hotline
18912368040
Company Phone
18912368040
Company Address
566 Xitai Road, 2nd Building, 4th Floor, Xincheng District, Wuxi City, Jiangsu Province
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