Follow on Google News News By Tag Industry News Country(s) Industry News
Follow on Google News | Alternative Motion-Control Technologies Threaten Future of Industrial Hydraulic Equipment MarketTechnical Improvements Sustain Current Demand for Industrial Hydraulic Equipment, but Future is Bleak
By: Anna Zanchi Frost & Sullivan New analysis from Frost & Sullivan, “European Hydraulic Equipment Markets for Industrial Applications” “Manufacturers have been integrating electronic controls with hydraulic equipment for increased accuracy and efficiency,” To a certain extent, the integration of electronics into hydraulic systems has helped the hydraulic equipment market sustain revenues. However, as rapid technological developments in the various fields of alternative motion control continue, it is widely accepted that many hydraulic equipment applications may be replaced by more effective methods in the future. Hydraulic equipment has a large installed base, which will have to be replaced or repaired within a specific time frame. The major factor sustaining the replacement market has been leakage related issues caused by ageing and corrosion in hydraulic cylinders and accessories. Even during the economic slowdown, many end users postponed new installations and invested instead in repairs and replacements. “The use of hydraulic systems in mechanised processes is being threatened by the increased use of electrically- The market is poised to witness increased consolidation due to pricing pressures and competition from low-cost imports. Small- and medium-sized organisations are unlikely to be able to withstand the competition from low-cost Asian manufacturers and decreased profit margins. “Large multinationals are continuously looking to expand in terms of products and geographies,” If you are interested in more information on this study, please send an e-mail with your contact details to Anna Zanchi, Corporate Communications, at anna.zanchi@ “European Hydraulic Equipment Markets for Industrial Applications” About Frost & Sullivan Frost & Sullivan, the Growth Partnership Company, enables clients to accelerate growth and achieve best-in-class positions in growth, innovation and leadership. The company's Growth Partnership Service provides the CEO and the CEO's Growth Team with disciplined research and best-practice models to drive the generation, evaluation, and implementation of powerful growth strategies. Frost & Sullivan leverages 50 years of experience in partnering with Global 1000 companies, emerging businesses and the investment community from more than 40 offices on six continents. To join our Growth Partnership, please visit http://www.frost.com. Contact: Anna Zanchi Corporate Communications – Europe P: +39 02 46514819 E: anna.zanchi@ http://www.frost.com End
Account Email Address Disclaimer Report Abuse
|
|