This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Growth In End-user Industries Spurs Electric Drives Market In Southeast Asia, Australia, And New Zealand, Finds Frost & Sullivan

KUALA LUMPUR, Malaysia, March 6, 2013 /PRNewswire/ -- The Southeast Asian (SEA) and Australia- New Zealand (ANZ) electric drives market is expected to grow in tandem with end-user industries such as oil and gas, food and beverage, water and wastewater, chemicals and petrochemicals, automotive, and power. Greater awareness about drive technology and the value of electric drives will further increase adoption.

New analysis from Frost & Sullivan (, Analysis of the Southeast Asian and Australia New Zealand Electric Drives Market, finds that the market earned revenues of over US$269.4 million in 2011 and estimates this to reach US$426.9 million in 2017.

Higher foreign direct investments and demand from China and India drive the pharmaceutical, and metals and mining industries respectively in SEA and ANZ. This, in turn, has enlarged the potential market base for electric drives in the regions.

"Several energy companies across both regions are installing new gas pipelines to meet the growing demand for fuel," said Frost & Sullivan Senior Research Analyst Vandhana Venkatesan. "They require electric drives to enhance energy security and adhere to efficiency regulations and standards."

Since motor-driven applications account for approximately 60 percent of the total industrial energy consumption, energy-efficient drives can significantly lower operating costs. Benefits such as noise reduction and process speed regulation also boost the popularity of electric drives.

However, the high initial investments needed to install drives curb sales. Small and medium enterprises, in particular, prefer low-cost products over costly established brands, restraining market revenues. The lack of skilled personnel in end-user industries further deters the uptake of drive technology.

Suppliers need to allocate higher marketing funds to highlight the importance of drive technology and encourage adoption. They must also train shop floor personnel to communicate electric drive benefits to customers.

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $95.18 1.64%
FB $117.44 -0.95%
GOOG $692.33 -0.84%
TSLA $232.32 -3.92%
YHOO $36.02 -1.40%


Chart of I:DJI
DOW 17,750.91 -140.25 -0.78%
S&P 500 2,063.37 -18.06 -0.87%
NASDAQ 4,763.2240 -54.37 -1.13%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs