Table of Contents
This research service identifies the major market drivers and restraints and key trends in technology, pricing and distribution for the North American drives market specific to the natural gas industry. The growth of shale gas has revolutionized the American economy and this research tries to capture the positive implication on drives market. This research service provides comprehensive forecasts for the North American drives market, across two product segments—low voltage and medium voltage—across three vertical markets. These are upstream, mid-stream, and down-stream, across three applications: pumps, fans, and compressors. It also provides competitive landscape and market share.
Headwinds and Tailwinds
•With $X billion in annual investments in infrastructure for pipelines and liquefied natural gas (LNG) terminals planned over the next X years, sales of electric drives in this segment are expected to grow faster than the overall market.
•The lack of power-system infrastructure at natural gas extraction & exploration sites reduces adoption for electric drives. Forecast
•The electric drives market for natural gas applications in North America generated revenue of $X million in 2011.
•The market is expected to have a compound annual growth rate (CAGR) of X percent between 2011 and 2018. End-user Analysis
•Drilling processes and water and wastewater management in the upstream segment are the major sources of demand for electric drives. Most of these applications require electric drives within the power range of XHP toXHP but suffers space constraints issues at site.
•Low-voltage drives which are small and compact and have operating power range which addresses the complete power requirements for applications in upstream segment, are dominant in this segment.
•Midstream-segment processes, such as compression and pumping, are another sources of demand for electric drives. Most of these applications require electric drives with operating power above X HP.
• Medium-voltage drives offer an operating power range from X HP to X HP which addresses the complete power requirements for compression and pumping applications in midstream segment. This makes medium-voltage drives dominant in this segment.
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