China will buy more motor drives

May 25, 2006
China's motor-drives market grew about 18.6% in 2004, hitting $860 million, according to market research firm IMS Research, Austin.

China's motor-drives market grew about 18.6% in 2004, hitting $860 million, according to market research firm IMS Research, Austin. Standard and premium ac drives saw the most revenue growth, especially in larger power ranges. Many of these drives went into constructionrelated sectors building China's manufacturing and transportation infrastructure.

China's economy has boomed since it joined the World Trade Organization in November 2001, experiencing annual growth of no less than 8% of Gross Domestic Product. Market conditions have attracted virtually every major multinational motor-drive company.

The country's strong economic performance has boosted consumer income, which is driving the lower power-drive segment, says IMS. More Chinese consumers can afford packaged goods, fueling use of motor drives in the food and beverage industries, as well as packaging machinery applications.

Sponsored Recommendations

From concept to consumption: Optimizing success in food and beverage

April 9, 2024
Identifying opportunities and solutions for plant floor optimization has never been easier. Download our visual guide to quickly and efficiently pinpoint areas for operational...

A closer look at modern design considerations for food and beverage

April 9, 2024
With new and changing safety and hygiene regulations at top of mind, its easy to understand how other crucial aspects of machine design can get pushed aside. Our whitepaper explores...

Cybersecurity and the Medical Manufacturing Industry

April 9, 2024
Learn about medical manufacturing cybersecurity risks, costs, and threats as well as effective cybersecurity strategies and essential solutions.

Condition Monitoring for Energy and Utilities Assets

April 9, 2024
Condition monitoring is an essential element of asset management in the energy and utilities industry. The American oil and gas, water and wastewater, and electrical grid sectors...

Voice your opinion!

To join the conversation, and become an exclusive member of Machine Design, create an account today!