Electric drives are replacing hydraulics in industrial applications

Source: Frost and Sullivan

Aug 26, 2011

Alternative electro-mechanical and electro-static solutions are replacing hydraulics in industrial applications. Analysis from Frost and Sullivan, "European Hydraulic Equipment Markets for Industrial Applications", finds that the market earned revenues of $1,415.1 million in 2010 and estimates this to reach $2,015.8 million by 2017. The impact of recession was severe on the European hydraulic equipment market for industrial applications with revenues dropping by 31.8 per cent in 2009 to reach $1318.8 million, as a result of low investments in major end-user segments. Despite manufacturers investing heavily in improving the reliability and performance of hydraulic equipment, revenues in this market were mainly due to retrofits rather than new installations in 2010.

Learn more about the analysis from Frost and Sullivan