Medium Voltage AC Drives Market Will Grow at 15.6 Percent CAGRThe Medium Voltage AC Drives Outlook for India Market Study provides an in-depth analysis of the MV AC drives business in India. In addition to market analysis and forecasts, the study also provides current market nuances, strategic issues, and future outlook.
The global economic slowdown is likely to have a marginal effect on India’s economy in the short term, but in the long term, its growth prospects continue to remain robust because of its dependence on domestic consumer demand. The expanding Indian economy provides impetus for the growth of the country’s manufacturing industry and this will lead to the growth of the medium voltage AC drives market.
AC drives play an important role in reducing energy costs and in improving the process controllability.
This study provides information about various factors that influence the medium voltage drives market in India and its dynamics. It identifies market share of suppliers, growth segments, market trends, expanding role of AC drives, and challenges suppliers face in the competitive marketplace. Quantitative assessment apart, this study provides an insightful analysis of issues that spur the medium voltage AC drives’ business in India.
Additionally, the study provides information relating to profiles of leading medium voltage AC drives suppliers and their products. It also captures information about the new players entering the country’s market.
Strategic Issues
India is emerging as an important market for medium voltage AC drives suppliers seeking growth opportunities. While some new entrants jostling for a share in the market will compete on prices, others will try for niche positioning. The market looks attractive, but only those suppliers who are willing to understand the country’s market nuances and adopt their strategies accordingly, will ultimately succeed. The report discusses several strategic issues, such as:
- High growth industries that are attractive for suppliers to target
- How to capture opportunities by offering energy performance contracts
- How to capture opportunities in the retrofit market
- How to leverage the State’s demand-side energy management initiatives