Influx of Foreign Companies in the Southern Cone Expected to Fuel Automation and Sale of Electric Drives, Finds Frost & Sullivan

Influx of Foreign Companies in the Southern Cone Expected to Fuel Automation and Sale of Electric Drives, Finds Frost & Sullivan PR Newswire BUENOS AIRES, Argentina, Nov. 13, 2012 -- Spreading product awareness and exploring untapped potential will raise participants' revenue shares BUENOS AIRES, Argentina, Nov. 13, 2012 /PRNewswire/ -- Electric drives have not yet taken off in a big way in the Southern Cone region. Their application has been restricted to low-power appliances due to the region's reluctance to invest in automation processes. However, the entry of foreign enterprises will energize this tepid market environment by compelling domestic companies to invest in automation and hence, electric drives. New analysis from Frost & Sullivan (http://www.industrialautomation.frost.com), Analysis of the Electric Drives Market in the Southern Cone Region, finds that the market earned revenues of $70.0 million in 2011 and estimates this to reach $121.3 million in 2016, at a compound annual growth rate of 11.6 percent. AC standard and servo drives are expected to gradually nudge out DC drives from the market. If you are interested in more information on this research, please send an email to Francesca Valente, Corporate Communications, at francesca.valente@frost.com, with your full name, company name, title, telephone number, company email address, company Web site, city, state and country.