Western European Electric Drives Market Forecasts: Industry Research Report

Western European Electric Drives Market Forecasts

Published Date: March 2006

Published By: Frost & Sullivan

Page Count: 285

Order Code: R1-4755

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Description

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Research Overview

This Frost & Sullivan research service titled Western European Electric Drives Market Forecasts provides forecasts for the total electric drives market in western Europe and a comprehensive analysis of the market by major end-user sectors, geographic region and product type. Further, it provides an analysis of key market drivers and restraints that are impacting electric drives manufacturers in this market.

Market Sectors

Expert Frost & Sullivan analysts thoroughly examine the following market sectors in this research:

By application:

Food and beverages
Material handling and logistics
Heating, ventilation and air-conditioning (HVAC) and construction
Machine tools and robotics
Water treatment and supply
Pulp, paper and printing
Chemicals and pharmaceuticals
Metals, mining and mineral processing
Automotive
Consumer goods and light manufacturing

By technologies:

Alternating current (AC) standard electric drives
Direct current (DC) standard electric drives
AC servo electric drives

By geographic region:

Germany
Italy
France and Belgium
The United Kingdom and Ireland
Spain
Scandinavia
Switzerland, Austria and the Netherlands

Technologies

The following technology is covered in this research:

Electric Drive: An electric variable speed drive (electric drive) is defined as a power transmission system, where in the output rotational speed can be precisely varied, as the system is non-stepped and as such offers a continuous range of power, by means of an external command or control signal. The key advantage of variable speed drive solutions in comparison to fixed speed solutions lies in their ability to offer variable speeds and granting of optimised efficiency and operational flexibility. The focus of this research service is only on electrically-based technology. Mechanical variable-speed drives and hydraulic variable-speed drives have both been excluded from the scope of this study.

Market Overview

Focus on Energy Efficiency Drives Market Growth

High energy prices along with a growing awareness of the environmental impact of energy consumption are set to emerge as major drivers for the growth of the electric drives market in western Europe. In helping companies optimise their energy consumption, Governments in the Netherlands and Italy have, or are expected to, implement energy savings programmes, wherein companies are likely to receive financial incentives for reducing energy consumption. This is likely to heighten the focus on improving plant efficiency and performance, forcing European industries to review their energy policies as well as the use of energy-efficient devices. Considering that electric drives represent a key area of power usage and potential saving, this is anticipated to have a significant impact on the sales of electric drives in new as well as retrofit applications over the forecast period.

The food and beverages as well as the chemicals and pharmaceuticals end-user sectors are expected to show strong growth over the forecast period due to increased automation in processes and rising consumer preference for timesaving products. "Also, the heating, ventilation and air conditioning (HVAC) and construction sectors are expected to grow significantly over the forecast period due to investments in new residences and offices as well as in the modernisation of old building automation," notes the analyst of this research service. "On the other hand, the pulp, paper and printing sector is likely to see a slight decrease in revenues owing to the closure of paper mills or their relocation to cheaper regions."

Spanish Electric Drives Market Set for Strong Growth

With respect to individual regional markets, the German electric drives market is expected to remain the largest in western Europe throughout the forecast period. However, considering the relatively late industrialisation of the Spanish industrial sector as well as the ongoing modernisation initiatives and infrastructure investments to ensure compliance with European Union regulations, the Spanish electric drives market is expected to show the fastest growth between 2005 and 2012. Also, the markets for electric drives in Switzerland, Austria, the Netherlands and Scandinavia are expected to show moderate growth over the forecast period, reflecting the high level of industrialisation and automation in these regions and the relocation of companies due to high production costs.

Overall, the western European market for electric drives is a mature one, particularly in the AC and DC standard electric drives field. "Considering the increasing competition, limited possibility to significantly differentiate between electric drives and relocation of production plants to regions offering cost advantages, large manufacturers of electric drives will do well to focus on strengthening their position in the global markets," says the analyst." For smaller companies, growth opportunities lie primarily in specialising in higher-quality niche and premium products or in focusing on specific end-user sectors."

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