Electric drives are poised to experience widespread acceptance in the European packaging industry due to the attractive profit margins associated with their implementation. Economic recovery and increasing investments in packaging infrastructure, coupled with government regulations, will boost the adoption of electric drives by the packaging industry.
New analysis from Frost & Sullivan (http://www.motors.frost.com), Electric Drives Market in the European Packaging Industry, finds that the market earned revenues of €184.4 million in 2010 and estimates this to reach €272.6 million in 2017.
"The need to maximise profit margins, while maintaining the competitive pricing of the end product, is motivating the implementation of drives in the packaging production line," notes Frost & Sullivan Research Analyst Ramasubramanian N. "The shift towards energy-efficient machinery will increase the demand for electric drives in the European packaging industry over the next 7 years."
Electric Drives: Promise of Profits and Productivity to Expand Adoption by European Packaging Industry
The market earned revenues of €184.4 million in 2010
- August 23, 2011
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Electric Drives: Promise of Profits and Productivity to Expand Adoption by European Packaging Industry
Graduated in political sciences and international relations in Paris, Anis joined the team in early 2019. Editor for IEN Europe and the new digital magazine AI IEN, he is a new tech enthusiast. Also passionate about sports, music, cultures and languages.
