AC Drives - High Power India

High power AC drives are applied in process and discrete manufacturing industries, commercial buildings, and municipal infrastructure.  They provide speed, motion, and torque control for equipment, such as fans, pumps, compressors, conveyors, kilns, centrifuges, mixers, hoists, cranes, extruders, printing machinery, and textile machines.  This research covers hardware, software, and services for the high power AC drives India market, which comprises the midrange (41 kW to 200 kW), high-end (201 kW to 600 kW), and mega (>600 kW) AC drives. 

The High Power AC Drives for India Market Research report delivers current market analysis plus a five-year market and technology forecast.  The market growth is expected to be moderate during the forecast period due to the uncertainties ushered upon by the novel coronavirus across the country.  

Connected Machines and Digitalization Will Drive the High Power AC Drives Market  in India

The high power AC drives market in India experienced strong growth in 2019 compared with 2018.  Overall, ARC is optimistic about the development in the market.   

Urbanization, growing emerging markets, and global trends such as sustainability, energy efficiency, and digitalization are shaping the AC drives market.  These megatrends are creating many opportunities for AC drives.  AC drives are supporting digitalization and Big Data trends, on which industrial operations are focusing.  

The growing trend of connected machines and digitalization is expected to drive market growth.  Digitalization solutions for the drive systems enable continuous monitoring of critical parameters by providing real-time data about the condition of components of drive systems such as motor, drive, filter unit, transformer, etc., and uses this information to provide a variety of process optimization measures.  
The long-term outlook for the AC drives market remains optimistic, with a macroeconomic environment of increasing demand for more electricity, a growing need for new and upgraded infrastructure, government initiatives for saving energy, as well as better control of machines.  The Indian market for high power AC drives is expected to grow reasonably during the forecast period.

High Power AC Drives Market Strategic Issues

In addition to providing a five-year market forecast, the high power AC drives India market research provides detailed quantitative current market data and addresses key strategic issues as follows.

Strategic Issue for Vendors: Cybersecurity Threats

Even though connected infrastructure is essential, end users and operators are reluctant toward Industrial IoT adoption.  Cybersecurity and perceived loss of intellectual property rights are major threats to the adoption of Industrial IoT.  Suppliers need to take cybersecurity into account and take steps to increase safety and how the devices detect, analyze, and combat threats.

Strategic Issue for Users: Emerging Market Entry

Investing in emerging markets is essential for growth opportunities.  In some emerging economies, the market may accept products with older technology if offered at a lower cost, thus making them a good business market for old products.  Demand in the developing markets will lead to manufacturing investment and provide suppliers with additional growth opportunities.

Strategic Issue for All Market Participants: COVID-19 Pandemic

The COVID-19 outbreak has caused disruptions to supply chains and business operations.  While the pandemic did not impact the 2019 demand for high power AC drives, the market projections do take into account industry trends with ARC’s best estimates for how COVID-19 will impact the high power AC drives India market in different industries.