IMS Research says medium voltage soft starters will have robust growth in 2011 and beyond.
The worldwide market for medium voltage soft starters was worth an estimated US $170 million in 2010, with more than 5,000 units shipped during the year.
Sales of these products contracted significantly in 2009 as a result of the global economic downturn, and the market recovery in 2010 was very gradual.
Demand from the Asia Pacific and the Middle East, and high commodity prices, will drive the market to grow by nearly 10 percent in 2011.
According to IMS Research, if commodity prices remain at their current levels or move higher, and if growth in emerging economies does not slow significantly, the market should experience several years of healthy growth through 2015.
The Chinese market for medium voltage soft starters was the largest in the world in 2010, valued at more than US $41 million and representing nearly one quarter of the total revenues. The US market was second largest with 20 percent of the market.
IMS Research estimates that pumping applications account for 60% to 70% of the entire medium voltage soft starters market.
Industry sectors which include a significant amount of pumping operations, such as oil & natural gas, power generation and water & wastewater are the biggest vertical markets for medium voltage soft starters.
Medium voltage soft starters to have "robust growth" Electronics News
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