European Industrial Services Opportunities in Electric Drives Market
The market for electric drives services in Europe was an estimated $ billion in 2013 and is expected to witness growth of a % CAGR from 2013 to 2018.
Restricted oil and gas activity, coupled with decreased investments in new projects, is expected to lead to market growth over the forecast period.
Increasing awareness among end users about the benefits of leveraging the complete service spectrum that is available to them will likely provide new opportunities for growth.
Mature product markets in Western Europe are expected to drive growth of the services market while Russia and Eastern Europe are likely to become new growth platforms in the long term.
Restricted CAPEX is likely to delay investment in new products and thereby increase demand for services over the forecast period.
About this report
This research service analyses the current trends in the electric drives’ industrial services market. It provides an assessment of key challenges, drivers and restraints in the market, and their impact within a specific time frame is discussed. A review of market estimates in terms of end-users, geography, and product segments has also been provided. A comprehensive analysis of revenue forecasts for this market has been provided in the research service, similar to the data supplied in a fact book.
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