Western European Electric Drives Market Forecasts
Published By: Frost & Sullivan
March 2006
R1-4755
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Description
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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Table of Contents
1. Executive Summary
1. Introduction
1. Aim of the Research Service
2. Research Methodology
3. Definitions
4. Scope and Coverage of the Research Service
2. Major Market Trends
1. Western European Electric Drives Market Forecasts
3. Conclusions
1. Key Conclusions 2. Market Drivers and Restraints in the Western European Electric Drives Market
1. Market Drivers and Restraints
1. Market Drivers
a. High Energy Prices and Savings Programmes
b. Increasing Complexity of Manufacturing Environments
c. Optimisation and Savings in Some Industries
d. Modernisation of Plants and Buildings
e. World-wide Sales through European OEMs and Distributors
2. Market Restraints
a. Shrinking Heavy Industry across Western Europe
b. Moving of Production from Western Europe
c. Decreasing Greenfield Investments in Western Europe
d. Technological Improvements of Electric Drives 3. Forecasts for the Total Western European Electric Drives Market
1. Revenue Forecasts for the Total Western European Electric Drives Market
1. Total Market Revenue Forecasts
2. Key Trends by End-user Sectors
3. Key Trends by Geographic Region
4. Key Trends by Product Type 4. Analysis of the Western European Electric Drives Market by End-user Sector
1. Analysis within the Food and Beverages Sector
1. End-user Sector Overview
2. Forecasts for the Western European Electric Drives Market within the Food and Beverages Sector
3. Market Drivers and Restraints within the Food and Beverages Sector
2. Analysis within the Material Handling and Logistics Sector
1. End-user Sector Overview
2. Forecasts for the Western European Electric Drives Market within the Material Handling and Logistics Sector
3. Market Drivers and Restraints within the Material Handling and Logistics Sector
3. Analysis within the HVAC and Construction Sector
1. End-user Sector Overview
2. Forecasts for the Western European Electric Drives Market within the HVAC and Construction Sector
3. Market Drivers and Restraints within the HVAC and Construction Sector
4. Analysis within the Machine Tools and Robotics Sector
1. End-user Sector Overview
2. Forecasts for the Western European Electric Drives Market within the Machine Tools and Robotics Sector
3. Market Drivers and Restraints within the Machine Tools and Robotics Sector
5. Analysis within the Water Treatment and Supply Sector
1. End-user Sector Overview
2. Forecasts for the Western European Electric Drives Market within the Water Treatment and Supply Sector
3. Market Drivers and Restraints within the Water Treatment and Supply Sector
6. Analysis within the Pulp Paper and Printing Sector
1. End-user Sector Overview
2. Forecasts for the Western European Electric Drives Market within the Pulp Paper and Printing Sector
3. Market Drivers and Restraints within the Pulp Paper and Printing Sector
7. Analysis within the Chemicals and Pharmaceuticals Sector
1. End-user Sector Overview
2. Forecasts for the Western European Electric Drives Market within the Chemicals and Pharmaceuticals Sector
3. Market Drivers and Restraints within the Chemicals and Pharmaceuticals Sector
8. Analysis within the Metals Mining and Mineral Processing Sector
1. End-user Sector Overview
2. Forecasts for the Western European Electric Drives Market within the Metals Mining and Mineral Processing Sector
3. Market Drivers and Restraints within the Metals Mining and Mineral Processing Sector
9. Analysis within the Automotive Sector
1. End-user Sector Overview
2. Forecasts for the Western European Electric Drives Market within the Automotive Sector
3. Market Drivers and Restraints within the Automotive Sector
10. Analysis within the Consumer Goods and Light Manufacturing Sector
1. End-user Sector Overview
2. Forecasts for the Western European Electric Drives Market within the Consumer Goods and Light Manufacturing Sector
3. Market Drivers and Restraints within the Consumer Goods and Light Manufacturing Sector 5. Analysis of the Western European Electric Drives Market by Geographic Region
1. Analysis of the German Electric Drives Market
1. Region Overview
2. Forecasts for the German Electric Drives Market
3. Market Drivers and Restraints
2. Analysis of the Italian Electric Drives Market
1. Region Overview
2. Forecasts for the Italian Electric Drives Market
3. Market Drivers and Restraints
3. Analysis of the Electric Drives Market in France and Belgium
1. Region Overview
2. Forecasts for the Electric Drives Market in France and Belgium
3. Market Drivers and Restraints
4. Analysis of the Electric Drives Market in the United Kingdom and Ireland
1. Region Overview
2. Forecasts for the Electric Drives Market in the United Kingdom and Ireland
3. Market Drivers and Restraints
5. Analysis of the Spanish Electric Drives Market
1. Region Overview
2. Forecasts for the Spanish Electric Drives Market
3. Market Drivers and Restraints
6. Analysis of the Scandinavian Electric Drives Market
1. Region Overview
2. Forecasts for the Scandinavian Electric Drives Market
3. Market Drivers and Restraints
7. Analysis of the Electric Drives Market in Switzerland Austria and the Netherlands
1. Region Overview
2. Forecasts for the Electric Drives Market in Switzerland Austria and the Netherlands
3. Market Drivers and Restraints 6. Strategic Review and Conclusions
1. Strategic Review and Conclusions
1. Market Challenges
2. Conclusions
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