Research and Markets: South African Electric Drives Markets
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DUBLIN--(Business Wire)-- Research and Markets (http://www.researchandmarkets.com/research/663df5/south_african_elec) has announced the addition of Frost & Sullivan's new report "South African Electric Drives Markets" to their offering. Mining Sector Proves Both Boon and Bane for Electric Drives Market. The South African electric drives market is on a growth trajectory. Market expansion is being supported by rising demand from the power generation and metals and mining sectors. Continuing investment in the metals and mining sector, driven by the commodity boom, will have a huge impact on market growth as mining houses increase their production capacities. "Mounting investments in the metals and mining sector, and the need to refurbish and build new power stations in South Africa are fuelling the demand for electric drives," notes the analyst of this research. "Furthermore, as the power shortages currently faced in the country are unlikely to be resolved until 2012, energy efficiency is expected to be a key issue across all industrial sectors in the country." Water infrastructure development, construction projects towards the FIFA 2010 World Cup and the need for efficiency in the manufacturing sector will greatly enhance the growth of the electric drives market in South Africa. AC electric drives dominate the market and will augment their share of revenues by 2014. The market for DC standard electric drives, on the other hand, is set to decline as more end users replace DC with AC motors. Servo drives are expected to remain a small fraction of the total market due to technology developments in AC technology, which meets the requirements of many end users. However, the electric drives market is heavily dependent on the metals and mining sector, which, in 2007, accounted for an estimated 64 per cent of total electric drives revenues. However, diversification of the market base from the metals and mining sector is proving to be difficult. As a result, electric drives suppliers compete fiercely in the metals and mining sector due to the small size of the markets in other sectors. This increasing competition is likely to lead to price reductions over the long term, with the risk of reduced revenues should the investment in the metals and mining sector fall. This Frost & Sullivan research service titled South African Electric Drives Markets provides revenue forecasts and trends, end-user sector analysis and competitive analysis. In this research, Frost & Sullivan's expert analysts thoroughly examine the following market sectors: alternating current (AC), direct current (DC) and AC servo electric drives. Market segments include power, metal and mining market, water and wastewater, food and beverage and automotive industries. Key Topics Covered: * 1 MARKET OVERVIEW * Total Revenue Forecasts * South African Electric Drives Markets For more information visit http://www.researchandmarkets.com/research/663df5/south_african_elec Research and Markets Laura Wood Senior Manager press@researchandmarkets.com Fax from USA: 646-607-1907 Fax from rest of the world: +353-1-481-1716 Copyright Business Wire 2009
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