Product category:
Motors and Variable speed drives
News Release from: Frost and Sullivan | Subject: EU Drives market in F and B
Edited by the Processingtalk Editorial
Team on 15 August 2007
Drives market in the food and beverage
industry
A conference call on Tuesday 21 August 2007 will provide industry participants with an overview of the recently published study focusing on the European Drives Market in the food and beverage industry
Greater globalisation of the food and beverage industry and an ever-increasing number of energy conservation directives have combined to increase demand for electric drives in the European food and beverage industry With the food and beverage industry growing at a steady pace, there has been considerable growth of electric drives market, forcing drive manufacturers to implement technological innovations
This article was originally published on Processingtalk on 7 Feb 2003 at 8.00am (UK)
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Despite considerable growth potential in the mature western European market, the bulk of demand for drives is expected to arise in the Eastern European regional markets, which hold immense potential.
Under the combined effect of these factors, the European drives market in the food and beverage industry is going to move towards maturity in the future.
Read further free strategic insights from the study on the Frost and Sullivan website.
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The report provides an insight into the dynamics guiding this market, and includes market challenges, drivers, restraints and avenues of opportunity for growth.
The purpose of this research is to gain a deeper understanding of the European Drives Market and its revenue value.
Highlights of the briefing include: an analysis of trends by product type, product power rating, product application and geographic regions within Europe along with their respective challenges and future prospects.
The briefing will immensely benefit manufacturers of electric drives, OEMs and distributors, by providing a general view of the major trends in electric drives market in the food and beverage industry in Europe.
"With the food and beverage industry being the largest in terms of revenue turnover in the European Union manufacturing sector, it plays a key role in maintaining industrial activity in the European economy.
The electric drives market is also set for a steady growth.
The importance of energy conservation together with food safety policy implemented by the EU in the food and beverage sector, is leading the industry to switch to automation for ensuring production of healthy food products.
"Recognising that the food and beverage industry is an important sector, the electric drives manufacturers are designing their drives and service to garner higher market share," says Sivakumar Narayanaswamy, Senior Research Analyst in the Frost and Sullivan Industrial Automation and Process Control group.
Frost and Sullivan will hold this conference call at 15.00 BST on Tuesday, 21 August 2007, hoping to provide industry participants with an outlook on the European Drives Market in the Food and Beverage Industry.
To participate, please contact Joanna Lewandowska at Frost and Sullivan.
Additionally, a recorded version of the briefing will be accessible to anyone at any time for three months following the live briefing date.
Frost and Sullivan, a global growth consulting company, has been partnering with clients to support the development of innovative strategies for more than 40 years.
The company's industry expertise integrates growth consulting, growth partnership services, and corporate management training to identify and develop opportunities.
Frost and Sullivan serves an extensive clientele that includes Global 1000 companies, emerging companies, and the investment community by providing comprehensive industry coverage that reflects a unique global perspective and combines on-going analysis of markets, technologies, econometrics, and demographics.
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