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North American Motion Control – Feedback Elements and Controllers Markets - High replacement rates assure revenues in a gear drives and gear motors market
North American Motion Control – Feedback Elements and Controllers Markets

 

PRZOOM - /newswire/ - Palo Alto, CA, United States, 2006/10/17 - High replacement rates assure revenues in a gear drives and gear motors market.

   
 
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The customers in the motion control, feedback elements and controllers market are increasingly seeking companies who offer a single source for their needs. The market has different sectors involving servomotors, servo drives, stepper motors, stepper drives, feedback elements and controllers. There are different manufacturers for different products in the market. One-stop shopping services often solve component compatibility problems and provide a single source for maintenance, repairs, service and parts replacement.

New analysis from Frost & Sullivan, North American Motion Control, Feedback Elements and Controllers Markets, reveals that revenues in this market totaled $2.41 billion in 2005 and projects to reach $3.74 billion in 2012.

The North American motion control, feedback elements and controllers markets are experiencing slow growth in revenues for the last two to three years. As a result of this, the market is seeing a less and less number of participants each year.

If you are interested in a virtual brochure, which provides manufacturers, end users and other industry participants with an overview of the latest analysis of the North American Motion Control, Feedback Elements and Controllers Markets then send an e-mail to Tori Foster - Corporate Communications at tori.foster[.]frost.com with the following information: your full name, company name, title, telephone number, e-mail address, city, state and country. We will send you the information via email upon receipt of the above information.

“Consolidations are happening in the market and bigger participants are buying smaller participants in different segments of the market,” says Frost & Sullivan Industry Manager Kishan Bhat. “The profit margins are coming down and the chief reason is the steep increase in the price of oil and commodities like steel, cast iron, copper and aluminum. This increases the production costs and with the demand going down, manufacturers are not able to compensate for the loss incurred.”

Consolidation has facilitated the OEMs and end users in selection of suppliers who provide complete solutions for their requirements. When there are different motor manufacturers or controller manufacturers or feedback elements manufacturers, the users had the choice a variety of suppliers. Also during a breakdown the users had to contact all the different manufacturers to solve the problem. But now with the single stop servicing the problem is solved. And with a very consolidated market where price, quality and distribution network are highly competitive, the users do not have to strive hard to make a selection between brands.

The end-users especially in the semiconductors industry with electronic assembly, electrical vehicle systems businesses, packaging and converting industry, robotics for the automobile and aerospace industry, medical equipment industry and transportation equipment industry are shifting towards automation. The market has seen a healthy growth in the months after recession because the end users are replacing the hydraulic, pneumatic and simple electrical systems with automated controlled systems.

“Some of the reasons for this shift are that, the electricity is cheaper than air, functioning is less messy than pneumatic or hydraulic systems and it is much easier to work on electric machines and electronic controls,” says Bhat. “Moreover, other hi-tech applications, including micro manufacturing of pharmaceuticals, can also expect to boost future demand for advanced motion control products. Many of the leading manufacturers have adopted campaigns to educate their customers on motion control technologies. One method has been to provide seminars and training for end users to attend and learn more about the use of the companies' products. Another method has been to provide very detailed product descriptions in the catalogues.”

North American Motion Control, Feedback Elements and Controllers Markets, a part of the Motors, Drives & Controls service, provides an overview and outlook for the market. This research includes detailed analysis of the technology involved, the competitive landscape and the trends analysis in the industry. Analyst interviews are available to the press.

Frost & 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 & 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 ongoing analysis of markets, technologies, econometrics, and demographics.

 
 
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North American Motion Control – Feedback Elements and Controllers Markets

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Contact: Tori Foster 
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