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Strategic Analysis of the European Medium Voltage Drives Market
Frost & Sullivan, Dec 2010, Pages: 76
This research service covers the European medium voltage (MV) drives market. For the purpose of the research drives with voltage rating greater than or equal to 690 volts are considered as MV drives. Both DC and AC drives are included. Further, the research looks into the contribution of major European countries like Germany, France, Italy, the UK, Scandinavia, Benelux, Iberia, Rest of the western Europe and the Central and Eastern European countries to the MV drives market. Major end-user segments such as oil and gas, metals and mining, power generation, water and waste water treatment, cement and aggregate, marine and other niche applications are also considered
Research Overview
This Frost & Sullivan research service titled Strategic Analysis of the European Medium Voltage Drives Market analyses trends across various products, regions and end-user segments. It identifies drivers of uptake, restraints to adoption and factors affecting the demand for MV drives across different industries in Europe. It forecasts total market size and offers revenue forecasts for the total market and for each product segment. The following product categories are analysed in this research: AC and DC MV drives. Oil and gas, power generation, metals and mining, marine, cement and aggregate, water and wastewater treatment are the end-user industries covered in the research.
Market Overview
Promise of Greater Energy Efficiency Boosts Adoption of MV Drives
Energy efficiency regulations and soaring energy prices have increased awareness among end users and original equipment manufacturers (OEMs) about the benefits of medium voltage (MV) drives. Hitherto, OEMs and end users were unaware of the energy savings potential and the return on investments (ROI) associated with the use of MV drives. Supported by MV drive manufacturers and regulators, OEMs are currently focussing more on ROI, which is generally around two years in most cases and even less in others.
“The urgent need to reduce energy costs and boost energy efficiency will spur the demand for MV drives in Europe over the period 2011 to 2016,” notes the analyst of this research. “It is estimated that MV drives can save up to 60.0 per cent of energy compared to motors running at full speed, by varying the speed under no load conditions.” The adoption rate of MV drives stood at 13.0 per cent in 2009. This figure is projected to reach 20.0 per cent by 2012, which still represents a huge untapped potential in the market. MV drives ensure that the pump/fan/compressor driven by a motor operates at maximum efficiency under different load conditions by varying the flow and pressure controls. They are, therefore, expected to contribute to significant energy savings.
Reduction in Harmonics and Increasing Penetration into Eastern Europe to Feature on Top of Agendas
Reduction in harmonics remains an important challenge for MV drive manufacturers, as end users and regulators prefer drives that yield maximum output with minimum harmonics. Manufacturers are increasingly trying to reduce harmonics through newer technologies such as multi-pulse converters and active front-end solutions. “Wastage of energy in the form of harmonics has always been a problem for end users who are pressing MV drive manufacturers to provide solutions that reduce harmonics,” adds the analyst. “Further, as more applications start using drive controls, there is likely to be greater emphasis by utilities on the need to reduce the magnitude of harmonic currents and comply with harmonic standards such as IEEE 519-1992, IEC/EN 61000-2-4 and G5/4 [3]-[5].”
With most end users shifting their base to eastern Europe, drive manufacturers need to augment their penetration in these regional markets. “With new countries entering the EU region, heavy investments are being made to expand industrial and production bases, modernise and refurbish plants in power generation, wastewater treatment and other discrete industries and to ensure their compliance with EU standards,” concludes the analyst. “This, in turn, has had a positive impact on the uptake of MV drives to accompany new motor installations.”
Market Sectors
Expert Frost & Sullivan analysts thoroughly examine the following product segments in this research:
- AC MV drives
- DC MV drives
By End-user
- Oil and gas
- Power generation
- Metals and mining
- Marine
- Cement and aggregate
- Water and waste water treatment
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