London, 24 September 2014: TechNavio, the independent tech-focused global research firm, has published a report on the AC Motors Market in Europe 2014-2018, which is expected to post a CAGR of 16.59 percent over the forecast period of 2013-2018.
“The availability of raw materials and their pricing plays a crucial role in deciding the price of a motor,” says Faisal Ghaus, Vice President of TechNavio.
“To effectively balance supply and demand, the manufacturers may have to maintain a good relationship with their suppliers, promptly check with them on price updates, and maintain a good inventory.”
Key Market Drivers
- EU MEPS – European Legislation
- Expansion in Oil and Gas, and Chemical Industries
- Customized Motors Requirement
- High Replacement Rate of AC Motors
Key Market Trends
- Emerging Smart Electric System
- Offshore Move of Customer Base
- Variation Related to Raw Material Prices
Key Market Vendors
- ABB Ltd
- Regal Beloit Corporation
- Siemens AG
To define the market circumstances in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
