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European Low Voltage Drives Markets
Frost & Sullivan, Oct 2010, Pages: 110
This study covers the state of the low voltage drives market in Europe, examining drivers and restraints for growth, market challenges, technology and product trends, demand and geographical trends. Following from these, market growth for regional and market segments are forecasted. In addition, an in-depth product and technology analysis for has been covered, along with detailed market trends for AC, DC and Servo drives in the industry. The base year is 2009 with forecasts running through 2016. The market is further divided into three product categories including AC, DC and Servo.
Research Overview
This Frost & Sullivan research service titled European Low Voltage Drives Markets provides market size and forecasts, technological insights, product segmentation and discusses future trends. In this research, Frost & Sullivan's expert analysts thoroughly examine the following end-user sectors: power generation and utilities; water and wastewater; material handling; paper, pulp and packaging; heating, ventilation and air-conditioning; oil and gas; automotive, transportation and shipbuilding; chemical and petrochemical; food and beverage and, others. AC drives, DC drives and servo drives are the product categories covered in this research.
Market Overview
Focus on Energy Efficiency Spurs European Low Voltage Drives Market
Over the past two decades, the drives industry has witnessed an increased demand for energy efficient products. Low voltage (LV) drives have gained importance on the basis of reliability, ease of operation and extended functionality. The development of more efficient, more powerful LV drives to power the demands of the future is important for achieving energy savings as are environmentally harmonious drives that do not pollute the electrical power system, and improve productivity.
Sustainability initiatives are set to boost the use of advanced automation and energy-efficient equipment. This is likely to result in an increased use of LV drives, which find applications in process, discrete and infrastructure industries such as power generation and utilities, water and wastewater, automotive and transportation and others. “New LV drives are anticipated to have a higher ability to control, configure, and collect data on a single network, which would simplify plant communication while lowering the total cost of ownership,” notes the analyst of this research. “LV drive manufacturers are expected to compete on various factors such as compactness and modularity since decentralised control structure can be deployed in a range of applications.”
Manufacturers to Emphasise High Quality Products Coupled with Exceptional Value- added Services
Reduction in harmonics is poised to remain a major challenge. With the advent of power electronics, non-linear loads and power switching devices such as variable frequency drives (VFDs), there have been concerns about a potential increase in the level of harmonic distortion being conducted back onto the utility power lines. The need to provide value-added services poses another challenge for market participants. “Drive manufacturers primarily tend to compete on price and value added services,” states the analyst. “The availability of Chinese products with the same features and functionality at a much lower price has had a significant impact on the prospects of European manufacturers.”
The demand for products with value-added features and services will motivate manufacturers to devise better strategies to tap the services market in Europe. This will require drive manufacturers to invest more to form a dedicated service approach in order to increase or at least sustain their market share. “End users have high expectations and requirements in terms of both product quality and the services they receive from their suppliers even while suppliers have to rise to the challenge posed by low end-user awareness and acceptance of drives,” concludes the analyst. “Suppliers with a broad range of high-quality products and services are positioned to emerge as market leaders.”
Market Sectors
Expert Frost & Sullivan analysts thoroughly examine the following market sectors in this research:
By End User:
Power generation and utilities
Water and wastewater
Material handling
Paper, pulp and packaging
Heating, ventilation and air-conditioning
Oil and gas
Automotive
Transportation and shipbuilding
Chemical and petrochemical
Food and beverage
Others
By Product:
AC drives
DC drives
Servo drives
By Geographic Region:
Germany
France
Italy
The United Kingdom
Scandinavia (Denmark, Finland, Norway and Sweden
Benelux (Belgium, Netherlands and Luxembourg)
Iberia (Spain and Portugal)
Rest of Western Europe (ROWE) (Austria, Greece, Ireland and Switzerland)
Central Eastern Europe (CEE) (Poland, Hungary, The Czech Republic, Slovenia, Slovakia, Lithuania, Latvia, Estonia, Bulgaria and Romania
Product samples
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