Rapid industrialisation, an aggressively expanding local economy and greater customer understanding of the technology are creating a buoyant market for variable speed drives in China.
This $1.22-billion market is forecast to experience strong demand and revenue growth, establishing it as one of the key global regions for drives manufacturers.
"The market should continue to see a good overall advance with trends gaining from technology developments, the continuing rise in demand for more advanced electric drives, rising industrialisation and key construction projects as well as good demand in a series of user sectors ranging from HVAC to food and beverage, handling and general manufacturing", notes Frost and Sullivan Research Manager Mik Sabiers.
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