Strong demand in the chemical, pharmaceutical, power-generation, water and wastewater industries is spurring growth in the low and high-power ac-drives market.
The global market for high-power ac drives is expected to grow 9.1% annually for the next five years. The market, which hit $4.7 billion last year, could reach $7.4 billion in 2011, according to manufacturing and supply-chain research firm ARC Advisory Group, Dedham, Mass.
The worldwide market for low-power ac drives is expected to grow 7.9% annually over the same period. That market, which was nearly $6.0 billion in 2006, could hit $8.7 billion in 2011 .