Demand for Integrated Solutions to Propel European Servo and Stepper Systems Market, Says Frost & Sullivan

Demand for Integrated Solutions to Propel European Servo and Stepper Systems Market, Says Frost & Sullivan PR Newswire LONDON, July 18, 2012 - End User Need for Customised and Energy Efficient Products is Creating Demand for Integrated Drive Solutions LONDON, July 18, 2012 /PRNewswire/ -- The European servo and stepper systems market has witnessed an increase in demand in recent times. Several key factors are promoting market expansion, such as compact design, reduction in installation time, enhanced efficiency and the move towards decentralised motor drive systems. New analysis from Frost & Sullivan (http://www.motors.frost.com), Strategic Analysis of Servo and Stepper Systems Market in Europe, finds that the market earned revenues of euro 1623.3 million in 2010 and estimates this to reach euro 3385.4 million in 2017. Servo systems generate significantly more revenue than stepper ones. This is due to their lower costs and ability to support greater control and accuracy in various applications. Industrial automation and automotives are the major end user segments for both servo and stepper systems, contributing almost 40% of market revenues. "The drive for energy efficiency and decentralised systems is highlighting the need for efficient servo and stepper systems," notes Frost & Sullivan Research Analyst Raaj Thilak Raveendran. "This shift towards energy efficiency will boost demand levels over the next 7 years.