This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Need To Maximise Asset Utilisation Spurs Demand For Motor Services, Finds Frost & Sullivan

LONDON, Oct. 31, 2012 /PRNewswire/ -- The need to improve manufacturing uptime, plant profitability and process efficiency, paralleled by the rising complexity of manufacturing processes, has underscored the demand for enhanced motor services.

New analysis from Frost & Sullivan (, Opportunity Analysis of European Motor Services Market, finds that the market earned revenues of $766.8 million in 2011 and estimates this to reach $1289.9 million in 2018. The research covers technical consulting, motor management, installation and commissioning, maintenance and repairs and other (training and standby motors) services.

"The European motor services market is moving toward predictive maintenance, which offers significant advantages to motor manufacturers and end-users," notes Frost & Sullivan Research Analyst Raaj Thilak Raveendran. "Remote maintenance and servicing of motors is the next 'big thing' which will drastically improve asset utilisation levels."

Evolving energy regulations have highlighted the inadequacy of in-house motor maintenance. Instead, the focus has shifted to motor manufacturers with expertise in motor service maintenance who can facilitate energy efficient practices.

"In addition to providing full service capabilities, motor manufacturers have moved to predictive maintenance of motors, continually recording motor information and alerting service personnel in case of deviation," explains Raveendran. "Motor manufacturers also provide complete life cycle services for purchased motors, highlighting the importance of expert service in the motor space."

As the market makes a strong recovery from the global economic crisis, a key challenge in the short to medium term will be for motor manufacturers to provide the right service mix for end users.

End user service requirements typically vary, with most preferring customised solutions. The challenge, therefore, will not only be to provide services for the product supplied, but also to understand the functioning of the total plant and customise the service offering accordingly. It is expected, however, that once motor manufactures and service providers gain sufficient expertise the impact of this challenge will diminish.

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $92.96 -0.70%
FB $118.04 -0.02%
GOOG $698.69 0.43%
TSLA $213.28 -4.20%
YHOO $37.02 2.80%


Chart of I:DJI
DOW 17,681.26 +30.00 0.17%
S&P 500 2,054.80 +3.68 0.18%
NASDAQ 4,733.98 +8.3410 0.18%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs