Need to Maximise Asset Utilisation Spurs Demand for Motor Services, Finds Frost & Sullivan

Need to Maximise Asset Utilisation Spurs Demand for Motor Services, Finds Frost & Sullivan PR Newswire LONDON, Oct. 31, 2012 -- Life cycle management and predictive maintenance of motors benefit end users by improving plant productivity and output LONDON, Oct. 31, 2012 /PRNewswire/ -- The need to improve manufacturing uptime, plant profitability and process efficiency, paralleled by the rising complexity of manufacturing processes, has underscored the demand for enhanced motor services. New analysis from Frost & Sullivan (http://www.motors.frost.com), Opportunity Analysis of European Motor Services Market, finds that the market earned revenues of $766.8 million in 2011 and estimates this to reach $1289.9 million in 2018. The research covers technical consulting, motor management, installation and commissioning, maintenance and repairs and other (training and standby motors) services. "The European motor services market is moving toward predictive maintenance, which offers significant advantages to motor manufacturers and end-users," notes Frost & Sullivan Research Analyst Raaj Thilak Raveendran. "Remote maintenance and servicing of motors is the next 'big thing' which will drastically improve asset utilisation levels." Evolving energy regulations have highlighted the inadequacy of in-house motor maintenance. Instead, the focus has shifted to motor manufacturers with expertise in motor service maintenance who can facilitate energy efficient practices.