LONDON (Jan. 15, 2014) – The need to modernize automation in the mining industry has lent momentum to the power conversion market in Europe and Russia. Market growth is bolstered by the fierce competition among mining companies, rising energy costs and increasing awareness on the benefits of electric drives and motors.
Frost & Sullivan
(Jan. 9, 2014) - Siemens received Frost & Sullivan’s 2013 Company of the Year Award in the machine safety networks market as part of Frost & Sullivan’s Top 50 Game Changers analysis.
Key end-user verticals provide opportunities.
LONDON (Nov. 5, 2013) – The poor scope for technological innovation coupled with growing market maturity has motivated major industrial product suppliers to concentrate efforts on achieving growth through alternative channels. In this context, the potential for industrial services attains center stage, both from the standpoint of industrial vendors interested in market expansion and end-users aiming to maximize profitability.
The economic recession and a decline of skilled workforce drives the pump servicing industry.
Manufacturers are developing a larger role in creating, driving and selling intelligent pump systems.
The total pump market within this segment is steadily growing in the U.S.
MOUNTAIN VIEW, Calif. (March 5, 2013) – North America is a mature market for submersible pumps, a scenario that challenges suppliers to sharpen their strategic thinking and expand their toolbox of tactics to grow beyond today's market averages, according to Frost & Sullivan. With 2012 growth estimated at approximately 3 percent, pump manufacturers must find the dynamic seams in the market that can provide growth that is more in line with their corporate objectives.