Frost & Sullivan: Prospects for Electric Drives Market in European Water and Wastewater Treatment Industry During Recession
Posted on: Wednesday, 28 January 2009, 02:00 CST
Frost & Sullivan to Host Analyst Briefing on Electric Drives Market in European Water and Wastewater Treatment Industry on Wednesday,
(Logo: http://www.newscom.com/cgi-bin/prnh/20081117/FSLOGO)
The electric drives market for the water and wastewater treatment industry (WWT) was growing high in the first half of 2008. However, this trend did not continue towards the end of the year. The economic crisis has slowed down the market growth due to held back investments in a lot of WWT plants. In response to the current economic situation market players are preparing for intense competition by providing more product features and value added services to ensure good sales. Manufacturers are increasingly focusing on introducing new products catering to different end-user sectors in order to widen their customer base.
Highlights of briefing include analysis of challenges and future trends on the market, drives based on product types, and end user application. The briefing will give an insight on the global perspective and trends in different regions and will be especially interesting for the various drive manufacturers and Original Equipment Manufacturers (OEMs).
"Eastern Europe is expected to witness the highest growth in this market due to the need for more WWT plants coupled with compliance to the European Union's directives by the older WWT plants. The Western European market is driven primarily by replacement of systems in older applications, with newer ones," notes Venkataraman Salavakkam, Research Analyst for Frost & Sullivan's Industrial Automation & Process Control group.
To participate in the briefing, please e-mail
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 over 45 years of experience in partnering with Global 1000 companies, emerging businesses and the investment community from 31 offices on six continents. To join our Growth Partnership, please visit http://www.frost.com.
CONTACT: Joanna Lewandowska Corporate Communications P: +48 22 390 41 46 E: joanna.lewandowska@frost.com http://www.frost.comSOURCE Frost & Sullivan
Source: PR Newswire
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