Wednesday, October 11, 2006
New European Electric Drives information service
Industry analysts Frost and Sullivan are announcing the launch of a new wide-reaching market research service, the European Electric Drives Market Service.
The electric variable speed drives market is one of the most dynamic in the mature motors and drives industry. Changing customer demands, widening applications, a large total of competitors and the need for constant product development means that regular and reliable information is critical in order for companies to remain or become key players in the market. As a means to provide a fundamental analysis of the market, industry analysts Frost and Sullivan - http://motors.frost.com - announce the launch of a new wide-reaching market research service, the European electric drives Market Service.
The service offers market participants a definitive overview of the industry, providing detailed breakdowns by product, power rating, region and application enabling subscribers to identify and track the key developments in the industry over the course of the year.
The Low Power Rated Drives: Power Rating Analysis is the first Deliverable available to be completed within the service.
The low power rated electric drives market has been defined to include all electric drives with a power rating under 75kW which are used in industrial applications.
The market includes both alternating current (AC) and direct current (DC) drives.
The low power rated electric drives market - valued at $1.09 billion in 2000 - has faced a number of challenges in the last few years, and these will continue to affect the market.
One of the key challenges has been continued fierce price competition.
"All manufacturers are facing greater pressures with regards to their price levels and this trend is most significant at the lowest power rating levels," explains Mik Sabiers, European Research Manager, Motors, Drives and Controls.
"Although it had long been expected that price levels had reached a low point and there was no scope for further reductions, manufacturers are continuing to lower price levels on a regular basis."
"This has been led by the desire to build the customer base as well as gain increased orders from actual and potential customers.
However, the fact that prices are continuing to fall means manufacturers must improve their overall production facilities and sales strategies to take account not only the increased demand, but also the need to offer ever more competitively priced technology."
The AC drives segment has been advancing strongly despite the challenges it has faced.
Total revenues for AC drives increased by 4.7 percent to $955.8 million in 2000, while total shipments increased by a higher 9.4 percent to 1.1 million.
Competitive prices, wider penetration of drive technology across multiple applications, interest in advanced speed control and the positive economic environment in core European regions saw growth in all power rating segments, with power ratings below 2.2kW experiencing the greatest rise in demand growth.
Frost and Sullivan forecasts that growth should moderate with AC drives revenues projected to reach $1.26 billion and shipments forecast to rise to 1.8 million units in 2007.
The AC market will be driven by technological advancements and the greater simplicity of drive operation.
"Drive technology does remain complex, and the wide variety of operations and options that drives can offer have in the past limited user demand as the complexity of the technology was seen as a negative for wider usage," Mr Sabiers explains.
"Drive manufacturers have been focusing on simplifying the use and operation of drives, and this can be expected to widen overall demand.
Easier programming and operation are projected to support rising usage of AC drive technology, expanding total penetration across the broad range of applications, and increasingly supporting their use in basic applications where a drive was considered too complex a solution in prior years."
The results for the DC drives market were mixed with revenues and shipments falling to $134.1 million and 127,4000 units respectively in 2000.
The continued move to AC technology combined with poor demand across all power rating levels contributed to the decline.
Frost and Sullivan forecasts demand and revenues will slow over the remainder of the forecast period, although the market should also benefit to a degree from a gradual rise in price levels as well as focused interest in some core industry areas.
Revenues are projected to fall slightly to $124.5 million in 2007.
Other deliverables due out during the course of the year include: #6400 High Power Rated Drives: Power Rating Analysis (Publication in June), #6401 Low Power Rated Drives: Regional Analysis (Publication in July) #6402 High Power Rated Drives: Regional Analysis (Publication in July) #6403 Low Power Rated Drives: Competitive Analysis (Publication in September) #6404 High Power Rated Drives: Competitive Analysis (Publication in September) #6405 Electric Drives: End-User Analysis (Publication in December) #6406 Electric Drives Market Engineering Awards (Publication in December)
The electric variable speed drives market is one of the most dynamic in the mature motors and drives industry. Changing customer demands, widening applications, a large total of competitors and the need for constant product development means that regular and reliable information is critical in order for companies to remain or become key players in the market. As a means to provide a fundamental analysis of the market, industry analysts Frost and Sullivan - http://motors.frost.com - announce the launch of a new wide-reaching market research service, the European electric drives Market Service.
The service offers market participants a definitive overview of the industry, providing detailed breakdowns by product, power rating, region and application enabling subscribers to identify and track the key developments in the industry over the course of the year.
The Low Power Rated Drives: Power Rating Analysis is the first Deliverable available to be completed within the service.
The low power rated electric drives market has been defined to include all electric drives with a power rating under 75kW which are used in industrial applications.
The market includes both alternating current (AC) and direct current (DC) drives.
The low power rated electric drives market - valued at $1.09 billion in 2000 - has faced a number of challenges in the last few years, and these will continue to affect the market.
One of the key challenges has been continued fierce price competition.
"All manufacturers are facing greater pressures with regards to their price levels and this trend is most significant at the lowest power rating levels," explains Mik Sabiers, European Research Manager, Motors, Drives and Controls.
"Although it had long been expected that price levels had reached a low point and there was no scope for further reductions, manufacturers are continuing to lower price levels on a regular basis."
"This has been led by the desire to build the customer base as well as gain increased orders from actual and potential customers.
However, the fact that prices are continuing to fall means manufacturers must improve their overall production facilities and sales strategies to take account not only the increased demand, but also the need to offer ever more competitively priced technology."
The AC drives segment has been advancing strongly despite the challenges it has faced.
Total revenues for AC drives increased by 4.7 percent to $955.8 million in 2000, while total shipments increased by a higher 9.4 percent to 1.1 million.
Competitive prices, wider penetration of drive technology across multiple applications, interest in advanced speed control and the positive economic environment in core European regions saw growth in all power rating segments, with power ratings below 2.2kW experiencing the greatest rise in demand growth.
Frost and Sullivan forecasts that growth should moderate with AC drives revenues projected to reach $1.26 billion and shipments forecast to rise to 1.8 million units in 2007.
The AC market will be driven by technological advancements and the greater simplicity of drive operation.
"Drive technology does remain complex, and the wide variety of operations and options that drives can offer have in the past limited user demand as the complexity of the technology was seen as a negative for wider usage," Mr Sabiers explains.
"Drive manufacturers have been focusing on simplifying the use and operation of drives, and this can be expected to widen overall demand.
Easier programming and operation are projected to support rising usage of AC drive technology, expanding total penetration across the broad range of applications, and increasingly supporting their use in basic applications where a drive was considered too complex a solution in prior years."
The results for the DC drives market were mixed with revenues and shipments falling to $134.1 million and 127,4000 units respectively in 2000.
The continued move to AC technology combined with poor demand across all power rating levels contributed to the decline.
Frost and Sullivan forecasts demand and revenues will slow over the remainder of the forecast period, although the market should also benefit to a degree from a gradual rise in price levels as well as focused interest in some core industry areas.
Revenues are projected to fall slightly to $124.5 million in 2007.
Other deliverables due out during the course of the year include: #6400 High Power Rated Drives: Power Rating Analysis (Publication in June), #6401 Low Power Rated Drives: Regional Analysis (Publication in July) #6402 High Power Rated Drives: Regional Analysis (Publication in July) #6403 Low Power Rated Drives: Competitive Analysis (Publication in September) #6404 High Power Rated Drives: Competitive Analysis (Publication in September) #6405 Electric Drives: End-User Analysis (Publication in December) #6406 Electric Drives Market Engineering Awards (Publication in December)
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