UK Second in European High Power Electric Drives
A
Frost and Sullivan product story
Edited by the Engineeringtalk editorial team
Sep 14, 2001
Latest Research Places UK Second in European High Power Rated Electric Drives Market.
The United Kingdom was the second largest market for high power rated electric drives in Europe last year.
according to the latest research by industry analysts Frost and Sullivan.
Conditions in the UK drives market have been tough over the past few years, as manufacturing industry has suffered from continued pressures.
Despite the difficult conditions, the study ? the European High Power Rated Electric Drives: Regional Analysis ? found the UK was responsible for 10.7 percent ($45.6 million) of the total European revenues in 2000.
Total European revenues were valued at $427.5 million.
Frost and Sullivan forecasts sales of drives in the UK will increase, driven primarily by rising demand following the introduction of the climate change levy.
The UK government has introduced a levy on businesses that use large levels of energy, but has looked to encourage industry to invest in energy saving, with tax rebates for purchasing machines that reduces industrial power consumption, including high power rated drives.
Companies that install high power rated drives can write off against tax some of the cost and this reduces the overall cost of a drive and acts as an incentive for customers to upgrade or install drive technology.
Future demand is expected to benefit from the introduction of this scheme as price will no longer be so controlling an issue with the introduction of this scheme.
UK industrial customers show a generally high level of concern about the environment.
The energy saving benefits of drives and the consequential positive effect on the environment are strong selling points for high power rated drives in the region.
Customers are making a considerable investment when they purchase a high power rated electric drive, and the environmental benefits can be used for sales leverage in this region.
Of other key regions, Germany was the largest single European market for high power rated electric drives.
France was third and Italy fourth.
The European High Power Rated Drives: Regional Analysis is the fourth deliverable from Frost and Sullivan's European Electric Drives Market Service : a new wide-ranging market research service aimed at providing a fundamental analysis of all aspects the market.
The high power rated drives market has been defined as all electrical drives that have a power rating exceeding 75kW.
The market includes alternating current (AC) drives and direct current (DC) drives.
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