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Engineering Industry Reports and Surveys
News Release from: Frost and Sullivan
Edited by the Engineeringtalk Editorial
Team on 09 August 2001
Italian drives market set to increase,
says report
Italy will play an increasingly important role within the European electric drives market in the future, according to new research from industry analysts Frost and Sullivan
Italy will play an increasingly important role within the European electric drives market in the future, according to new research from industry analysts Frost and Sullivan It is expected to gain from greater overall demand and good interest in standard drive solutions across an ever wider customer base
This article was originally published on Engineeringtalk on 9 Aug 2000 at 8.00am (UK)
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The forecast comes from the European Low Power Rated Drives: Regional Analysis, the third deliverable from Frost and Sullivan's European Electric Drives Market 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.
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The study found the Italian market was the fourth largest in 2000, generating revenues of $100.1 million from 117.300 unit shipments.
"Demand growth was slowing at this time as the market continued to be affected by the general economic climate and more conservative investment programmes in key user sectors," says Mik Sabiers, European Research Manager.
"Nevertheless, developments did benefit from interest in advanced technology, as well as the rising focus on higher efficiency across Italian industry overall." "In the short term, Italy can be expected to see a good advance in demand, although developments are expected to continue to be affected by negative pricing factors.
Nevertheless, an increased focus on more advanced drive solutions, demand for improved productivity and performance and continued competitive prices should all support growth in the AC sector." "Trends in the Italian DC sector are expected to be less negative than many other regions, but the technology should nevertheless account for a smaller overall total of demand as the ongoing switch to AC solutions continues." A good advance in demand and revenues should see Italy increase in importance in total European terms.
Frost and Sullivan forecasts the sale of an estimated 178,600 units will result in total revenues of $132.4 million for Italy in 2007.
Germany was the largest single market for electric drives in Europe in the 2000 base year, representing an estimated 33.2 per cent of total market revenues, equivalent to $362.6 million.
The next largest markets in 2000 were France (10.4 percent), and the UK (9.9 percent).
Frost and Sullivan forecasts the UK will see a decline in revenue share as it continues to be affected by negative developments in the industrial base.
A modest rise is projected for France as the region benefits from rising demand, however, this should be counteracted by falling price levels.
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