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Opportunities in the European Electric Drives Market for Discrete Industries : Increase in Production Throughput and Energy Savings are the Major Market Drivers

  • November 2014
  • -
  • Frost & Sullivan
  • -
  • 140 pages

Summary

Table of Contents

Key Findings

•Sales of lower power electric drives, below xx kilowatt (kW), are poised to increase during the forecast period as users adopt drive solutions in low power applications. Because users realize energy savings in high power applications, they will likely fine tune energy savings by deploying drives in lower power applications.
•While retrofit projects provide a direct sales opportunity for drives manufacturers, electric drives used in new installations are sold through original equipment manufacturers (OEM).
•From 2014 to 2018, the rubber, plastics, glass, and ceramics (RPGC) segment is expected to be the fastest growing end-user segment throughout all European regions as it produces intermediary products that are used in other industries. The need among these end users to increase their profit margins encourages the use of electric drives.
•Growth in demand for electric drives from the printing industry is expected to be the lowest during the forecast period as the demand for printed material is poised to decrease because of the intervention from electronic media. As a result, new investments in printing equipment will likely decrease.
•Tier I manufacturers target specific end-user industries, whereas Tier II manufacturers target specific applications and OEMs that manufacture the related equipment.

CEO’s Perspective

The electronics and communication (E&C) end user will likely be a key segment as it is less concentrated and is expected to grow significantly.
While the automotive and transportation (A&T) segment is poised to grow significantly in Eastern Europe, it is expected to shrink in Western and Southern Europe.
A&T and consumer packaged goods (CPG) are the largest and highly concentrated segments. Their presence is Eastern Europe will be the key for selling drives to the A&T segment.
Servo drives are expected to be the fastest growing product segment, with key applications in industries such as E&C, machine tools, packaging.
Tier I manufacturers generate demand mainly through the pull model as end users choose them, while Tier II manufacturers generate demand through the push model as their sales teams influence OEMs to choose them.

End-user Segments

A&T: This end-user segment includes the manufacturing of motor vehicles, vehicle accessories and parts, trailers and semi-trailers, and other transport vehicles such as railway carriages and engines.

E&C: This end-user segment includes the manufacturing of electronic components; boards; computers and peripheral equipment; communication equipment; consumer electronics; instruments and appliances for measuring, testing, and navigation; watches and clocks; optical instruments and photographic equipment; irradiation; and electromedical and electrotherapeutic equipment.

CPG: This end-user segment includes the manufacturing of packaged food, beverages, household sanitary products, soaps and detergents, and plastic and light metal packaging goods.

RPGC: This end-user segment includes the manufacturing of rubber and plastic products, glass and glass products, porcelain and ceramic, and ceramic tiles.

Textile, apparel, and leather products: This end-user segment includes the manufacturing of carpets, rugs, knitted fabrics; the spinning of textile fabrics; the weaving and finishing of textiles; the manufacturing of work-wear, underwear, and footwear; and the manufacturing of leather and leather-related products.

Electrical Equipment: This end-user segment includes the manufacturing of electric motors, transformers, electricity distribution and control apparatus, batteries and accumulators, wiring and wiring devices, domestic appliances, electric lighting equipment, and other electrical equipment.

Printing: This end-user segment includes the printing of newspapers, books, brochures, binding, and related services.

Others: This end-user segment includes the manufacturing of aerospace and defense equipment, medical and dental equipment, agricultural machinery; and the manufacturing of wood, cork, straw and platting materials, articles of paper, and paperboard.

Key Questions This Study Will Answer

Is the European electric drives market for discrete industries growing? How long will it continue to grow and at what rate?
How is the demand for electric drives across different discrete industries throughout Europe?
Which geographic region or end-user industry is expected to attract more demand for electric drives?
What are the threats this market will likely encounter, and what are the factors that may drive the market?
How is the demand for servo drives expected to grow during the forecast period?
How competitive is the electric drives market for discrete industries in Europe? Who are the top 5 electric drive vendors?

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