Analysis of the Electric Drives Market in the Southern Cone Region

Additional Information

Report Excerpt

The total market for variable-speed electric drives in the Southern Cone region of South America is estimated at U.S. $ million for base year 2011. All prices are given in U.S. dollars, and conversion rates are included in the Forecasts and Trends section.

In this study, the Southern Cone refers to Argentina, Chile, Paraguay, and Uruguay.

Total revenue is projected to grow at an average rate of percent in the forecast period (2011 to 2016).

This market is considered to be in a growth stage, with increasing public awareness, great entry potential, high growth rates, and decreasing prices. Given the high price sensitivity of this market, the trend of decreasing average prices is expected to boost the total number of sold units.

New industrial plants in the region have been built to be more competitive—they have higher automation levels and create greater demand for drives.

Alternating-current drives make up percent of the total market in Southern Cone in 2011 and represent the core product line for the top participants. Direct-current drives are bought mostly to replace broken ones in older plants, and sales are expected to shrink.

Argentina and Chile together comprise percent of the Southern Cone market for drives.

The most important vertical in the Southern Cone drives market is the agriculture (agro), food, and beverage industry.