|Analysis of Indian Electric AC Drives Market, Forecast to 2021|
|Growing Need to Reduce Energy Consumption and to Create Higher Awareness on Benefits of VFDs will Drive the Growth of Electric Drives in India|
The Indian AC electric drives market will experience growth over the next 5 years. The growth will be driven by escalating energy prices, energy intensive industries’ preference for energy-efficient solutions to optimise production cost, increased awareness about the other benefits of AC electric drives among the end-user industry.
The electric AC drives market is analysed for CY 2016, revenue forecast and year-on-year growth rates by product segments, OEMs/end-user segments, distribution channel (distributors, system integrators and direct sales to end users) is discussed from the years CY 2014 to CY 2021.
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