Frost & Sullivan Recognises JEUMONT Electric’s Dominance of the Electric Motors Market for Nuclear Power Plant Applications
LONDON, May 4 /PRNewswire/ — Based on its recent research, Frost & Sullivan presents JEUMONT Electric with ’2009 European Electric Motors in Nuclear Power Plant Applications Market Share Leadership Award’. The European electric motors market in nuclear power applications offers intense challenges that must be addressed to witness success. These include stringent governing policies, difficult customers that demand high levels of satisfaction and the need for quick responses to dynamic market trends. With experience spanning over 30 years in producing and maintaining electric motors for coolant pumps in nuclear reactors, JEUMONT Electric has been successful in establishing a clear monopoly in this market.
Strong collaboration with Areva, one of the energy experts in the global market, has helped JEUMONT Electric gain a substantial market share of approximately 40 per cent in selling electric motors to nuclear power plants. Further, the company is constantly increasing its market share globally through reliable replacement and refurbishment offerings. The success of JEUMONT Electric in this market can also be attributed to the perfect synergy it fosters with Altawest by being a part of it.
“As countries aim to establish autonomy in their energy production, energy productions from renewable sectors and diminution of energy consumption from industrial sectors have acquired their due importance in the global arena,” says Frost & Sullivan Research Analyst John Leo Ignatius. “With global energy policies clearly indicating opportunities for the power transmission industry, companies that are the constituents of the industry have to equip themselves for effectively tapping the potential. JEUMONT Electric, with its heritage in supplying world class electrical rotating machines to nuclear and hydro energy generation plants, is well set to augment its market position and growth by exploiting the opportunities from these sectors.”
The sustainable business agreement with Areva, a global participant in nuclear power generation industry, has principally been the reason for JEUMONT Electric’s success as a market leader. As per the procurement contract between these two companies, Areva procures electric motors primarily from JEUMONT Electric for coolant pumps in its nuclear reactors. This mutually beneficial agreement has enabled JEUMONT Electric to work in close association with Areva and extend its penetration into the energy generation markets. In addition to Areva, JEUMONT Electric with its exemplary expertise and reliability in the market has built a close network of world-class customers, which clearly reinstates the dominance of JEUMONT Electric in this market.
One of the prerogatives JEUMONT Electric enjoys as a part of the monopoly it has established is to sell electric motors to nuclear power engineering companies without any qualification issues. JEUMONT Electric was one of the pioneers to get its products enlisted with the required qualifications exhibit ascendance in the French nuclear power plant projects. Strong technical know-how and market expertise coupled with electrical solutions that are reliable and economically viable have helped JEUMONT Electric diversify its operations into foreign markets like North America, South Africa, India and China. JEUMONT Electric has emerged as a full line supplier of electrical energy technologies catering across 80 countries.
“Uncompromising product quality and innovative approach to the market have definitely created a win-win situation for both JEUMONT Electric and its customers,” adds Ignatius. “Moreover, staunch focus on research and development has enabled the company to provide best-in-class products, suiting the exact need of the customer and proceeding further to win customer’s confidence.”
Another factor that has been pivotal for the success of JEUMONT Electric is its dynamism to adapt to the varying market situations and display commendable market responsiveness. JEUMONT Electric has successfully differentiated itself from its competitors by devising implementable strategies, thereby retaining the market leadership position. With market dynamics being mainly governed by customer expectations, JEUMONT Electric has ceaselessly examined its offerings in the best interest of its customers. Process industries traditionally have been the growth markets for industrial motors, which have been capitalised by JEUMONT Electric. This fact has been made evident by the significant presence of the company across these end-user segments in addition to its supreme dominance in nuclear power applications.
For all these achievements, JEUMONT Electric is the worthy recipient of ’2009 European Electric Motors in Nuclear Power Plant Applications Market Share Leadership Award’. Each year, Frost & Sullivan presents this award to a company that has demonstrated excellence in capturing the highest market share within its industry. The award recognises the company’s leadership position within the industry in terms of revenues or units, as specified.
Frost & Sullivan Best Practices Awards recognise companies in a variety of regional and global markets for demonstrating outstanding achievement and superior performance in areas such as leadership, technological innovation, customer service, and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analysis, and extensive secondary research in order to identify best practices in the industry.
About JEUMONT Electric
JEUMONT Electric, earlier known as Jeumont Schneider or Jeumont Industrie, has been active in the business of large electrical rotating machines for 110 years. Currently, the company has integrated the Altawest Group specializing in power generation and environment. JEUMONT Electric serves the segments of electric power generation and conversion. It designs and manufactures generators for various types of power plants: gas turbines, steam turbines, hydro turbines, diesel engines and wind turbines.
JEUMONT Electric Contact Information
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