India Challenges Booming Chinese Drives Market

While the Chinese drives market may be expanding at an annual rate of up to 40%, it faces a growing challenge from India, says a new study. Last year, the Chinese AC and DC drives market was worth $463m, but it faces potential challenges, says the market analyst IMS Research. For example, a devaluation of the Yuan could slow the booming export market, while a crippled banking system, large amounts of public debt, and escalating property prices, are likely to slow public spending on large infrastructure projects.