Cost and Efficiency Benefits to Make Electric Drives Indispensable in European Discrete Industries

  Enquire / contact me

Retrofits and new installations will push drive market revenues to $1.41 billion by 2018

Cost and Efficiency Benefits to Make Electric Drives Indispensable in European Discrete Industries
Cost and Efficiency Benefits to Make Electric Drives Indispensable in European Discrete Industries

The ability to provide higher energy efficiency and precise motion control are fuelling the uptake of electric drives in European discrete industries. Energy efficiency regulations and rising electricity prices too are encouraging end users to deploy electric drives in drive systems. Further, manufacturers stand to benefit from modular electric drives, which can be modified to include servo mechanisms based on requirements. As a result, electric drives will be an inevitable part of all manufacturing equipment by the end of 2018.

New analysis from Frost & Sullivan, Opportunities in the European Electric Drives Market for Discrete Industries, finds that the market earned revenues of $1.18 billion in 2013 and estimates this to reach $1.41 billion in 2018. Western Europe and Scandinavia will generate a higher proportion of the retrofit demand for electric drives, while a major share of adoption in Central and Eastern Europe (CEE) will stem from new installations.

Posted on December 17, 2014 - (206 views)
by
Related articles
Abu Dhabi International Petroleum Exhibition & Conference
Connect Everything with eFactory
Sensing Innovation in Process and Control
Mechatronic Products
SENSORS & INSTRUMENTATION for Test Measurement & Control
IIoT I/O Series
Hannay Reel Hose and Cable Reels
SPS IPC Drives 2018 - Free Ticket
Level Switches
Ultrasonic Flowmeter for Air
JDN Mini 24/07
Motion Controller from FAULHABER with STO shutdown
Temperature control technology
Multi-tasking Communication Server
Guidance Systems for Higher Duty XTS Applications
Advanced Humanoid Robot Hand
Virtual Personal Assistant ODP S3
On the Road to Energy Sustainability
Hexagon PPM and Ditio Established a Partnership to Foster Digital Transformation
Digitalization will be the Number 1 Trend at ADIPEC 2018