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Article: Frost & Sullivan: Advancements in Electrical Drives Intensify Competition In Variable Speed Drives Marketplace.
- Article from:
- PR Newswire
- Article date:
- October 5, 1998
CopyrightCOPYRIGHT 1998 PR Newswire Association LLC. 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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MOUNTAIN VIEW, Calif., Oct. 5 /PRNewswire/ -- The U.S. variable speed drive market is growing rapidly and becoming highly competitive. While some segments of the market are relatively stable, new technologies in the electrical segment are driving the market to unexpected proportions and offering significant opportunities for technological companies to grab market share or exploit investment possibilities.
According to strategic new research conducted by Frost & Sullivan (www.frost.com), U.S. Variable Speed Drive Market, the industry continues to thrive mainly as a direct result of sustained demand for electrical drives. The market hit $5.1 billion in 1997, and ...