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Article: AC Technology Anticipated to Boost Sales in Variable Speed Drives Market.
- Article from:
- Business Wire
- Article date:
- December 3, 1996
CopyrightCOPYRIGHT 1996 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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LONDON--(BUSINESS WIRE)--Dec. 3, 1996--Continued development and strong advances in AC technology can be expected to lead to a significant increase in orders from both traditional fixed-speed applications as well as other sectors of the variable speed drives market.
The severity and unexpected length of the recession in Europe as well as more limited interest in many important end-user sectors resulted in a prolonged decline in overall demand for many types of variable speed drives.
The market as a whole was further affected by the maturity of the technology in certain sectors, which were actively declining in both volume and value; however, the ...