This expansion is likely to be underpinned by the growing interest in advanced motion control solutions.
Supported by technological advances and the decline of the DC drives market, the AC drives sector has made strong gains.
It is expected to strengthen its position as the largest sector in revenue terms, rising from an estimated $529.6 million to $711.3 million over the 2003 to 2010 period.
Unit shipment share of this sector too is headed for significant increase.
In contrast to other regions, mechanical drive technology is expected to retain an important role within the Chinese market.
Cost considerations are expected to underlie high annual demand for mechanical variable speed drives solutions.
The revenue share of the hydraulic drives sector is also likely to expand in the future.
Enticed by strong overall potential of the market, an influx of new competitors is expected in the near term.
This, in turn, is set to result in a highly fragmented market already populated by over 200 active suppliers.
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