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Engineering Industry Reports and Surveys
News Release from: Frost and Sullivan
Edited by the Engineeringtalk Editorial
Team on 13 February 2002
Frost and Sullivan awards for drives
makers
The latest report from Frost and Sullivan's electric drives market service presents Market Engineering Awards to companies that have made a positive contribution to the European market.
The latest report from Frost and Sullivan's electric drives market service presents Market Engineering Awards to companies that have made a positive contribution to the European market By tracking all major market participants in detail over the course of the past year, Frost and Sullivan evaluated all the key manufacturers in the European market
Those companies that were considered to have provided a distinct contribution to the market were chosen as the award recipients.
In total there were eight award categories ranging from market engineering leadership to product line strategy.
Control Techniques has been presented with Frost and Sullivan's Market Engineering Award for Product Line Strategy.
The company has a long history in the market, gaining from its flagship advanced Unidrive.
However, the company's activities in the standard, simple drives range were less effective.
Control Techniques responded by expanding its product line with the launch of the Commander drives series.
This has revitalised the company's overall offering in the electric drives field.
By introducing the Commander drives range, Control Techniques has expanded its product with the result that it has seen a significant advance in demand and has enlarged its overall customer base and market potential.
The addition of the Commander can be expected to more strongly support demand growth, and has offered greater opportunities for improved sales and market penetration.
The Frost and Sullivan Market Engineering Award for Growth Strategy is given to the company that has demonstrated an exceptional growth strategy within the industry.
The winner of the award was Vacon, which has shown a consistent, and high, increase in demand and revenues over the past five years.
An increased customer base, continued profitability, strong revenue growth, more advanced technology and a focus on expanding international penetration have all contributed to building Vacon's total European market standing, and by positioning itself as a technology innovator, the company should continue to advance ahead of the market average.
The report not only highlights the methodology applied behind the awards, it also discusses the strategic factors and issues that impact the success of leading drive manufacturers.
For example, when looking at e-commerce, there are a range of primary and secondary issues that need to be considered in implementing strategy.
As shown, the report highlights that site reliability and security is of paramount importance.
High reliability, good availability and simple and easy access are all key.
Additionally, the login process for secure transactions should be straightforward, but provide strong security to ensure that no individual can access another users account.
Security is of paramount importance, as a single breach could have a significant impact on customer confidence in not only the site, but also the supplier company.
By evaluating the strategic issues facing competitors, and tracking market developments, Frost and Sullivan not only selected the award recipients, but also highlighted other competitors that are advancing strongly within the key categories and the report also discusses key factors behind their success.
In total Frost and Sullivan's Market Engineering Awards were presented to leading participants based on unambiguous and objective observation and analysis of key competitor strategies and trends.
A vast total of companies have been tracked in ever more detail over the past year, and in recognition of the strong contribution to market developments and dynamics, Frost and Sullivan presents awards to those competitors that are considered to have excelled in their activities in the European market.
The full list of winners includes: Siemens, ABB, Lenze, Schneider (STIE), SEW-Eurodrive and Invertek.
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