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Medium voltage soft starters market looks poised for robust growth in 2011

Market news |
By eeNews Europe


The market estimates are reported the 2011 Medium Voltage MCCs & Soft Starters study published by IMS Research.  As long as commodity prices remain at their current levels or move higher, and if growth in emerging economies does not slow significantly, the market should experience several years of healthy growth through to 2015.  

The Chinese market for medium voltage soft starters was the largest in the world in 2010, valued at more than $41 million and representing nearly one quarter of the total revenues. The US market was second largest, valued at an estimated $34 million during the year which was 20.0% of the global market. The Central and Eastern Europe regional market is the third largest because it includes the Russian market, which is estimated to be substantial due to several indigenous suppliers active in the Cheboksary region of the country. This regional market is estimated to be valued at over $33 million in 2010, representing another 20% of total market revenues. Western Europe and the Middle East also account for notable parts of the global market, with respective shares of 11% and 7% of total revenues.

IMS Research estimates that pumping applications account for 60% to 70% of the entire medium voltage soft starters market. The market analyst reckons it is therefore not surprising that industry sectors which include a significant amount of pumping operations, such as oil and natural gas, power generation and water and wastewater are the biggest vertical markets for medium voltage soft starters. Alex Chausovsky, the Research Director of IMS Electric Motors group, said: “Oil and natural gas sector accounted for one third of the entire medium voltage soft starters market in 2010, while metals, mining and water and wastewater represented another third of global market revenues. Sales of medium voltage soft starters into these vertical markets are forecast to outperform the overall market through 2015, but the oil and natural gas industry is predicted to experience the fastest growth during this period with revenues increasing by an average of more than 12% per year.”

The figures are higher than the overall market growth forecast, which calls for revenues to grow by less than 9% per year during the same timeframe.

Visit IMS Research at https://imsresearch.com.


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