The food and beverage (F&B) industry has been a major end-user of electric drives in Europe. The economic slowdown had however an adverse impact on most industries, including F&B, impacting on the demand for electric drives. Current dynamics have increased the need for energy-efficient, highly reliable and appropriate product customisation.
New analysis from Frost & Sullivan Strategic Analysis of Electric Drives Market in European Food and Beverage Industry, finds that the market earned revenues of €204.89 million in 2010 and estimates this to reach €313.14 million in 2017.
Drives represent almost 2/3 of energy demand in the F&B industry. In this context, energy efficient drives have helped companies reduce costs, improve ROI and lower CO2 emissions.