Electric Drives in Elevators and Cranes: A Global Perspective

Business Wire, Feb 6, 2008

Frost & Sullivan to Host Quarterly Analyst Briefing on Electric Drives Market in Global Elevators, Cranes and Hoist Sector on Wednesday, 13 February 2008 at 14.00 GMT

LONDON -- Frost & & Sullivan will host a free telephone and web briefing Wednesday, 13 February 2008 at 14.00 GMT to provide industry participants with an overview of the recently published study focusing on Electric Drives in Elevators and Cranes: A Global Perspective.

With the Western market driven by retrofit and the East seeing unprecedented construction activity the electric drives market in the lifting business has become more dynamic. Electric drive suppliers jockey for a position in an intensely competitive market with the focus on greenfield projects continuously shifting towards Asia.

Read free strategic insights at http://www.industrailautomation.frost.com.

This briefing is based upon ongoing Drives Market in Global Elevators, Cranes and Hoist sector analysis. The report provides an insight into the dynamics guiding this market, and includes market challenges, drivers, restraints and avenues of opportunity for growth. The purpose of this research is to gain a deeper understanding of Drives Market in Global Elevators, Cranes and Hoist sector and its revenue value. Highlights of briefing include: analysis of the key trends driving the market, regional trends, trends related to retrofit and new systems, and also application trends. This briefing will benefit component manufacturers and suppliers, distributors, OEM's, system integrators, repair and maintenance contractors by discussing emerging trends and providing forward projections for the Global Electric Drives Market in Elevators, Cranes and Hoists.

"Beyond the cyclical changes in the construction market and the dominance of OEM's, the key factor restraining the electric drives market in elevators and cranes, especially in the Western markets is the falling price of electric drives. The market will be driven more by legislation and regulations in the West and new constructions in the Asian region," observes Suman Bhaskar, Research Analyst for Frost & Sullivan's Industrial Automation and Process Control group.

Frost & Sullivan will hold this conference call at 14.00 GMT on Wednesday, 13 February 2008 which will provide industry participants with an outlook on the Drives Market in Global Elevators, Cranes and Hoist sector. To participate, please e-mail Joanna Lewandowska at joanna.lewandowska@frost.com with the following information: your full name, company name, title, telephone number, e-mail address, city, state and country. Upon receipt of the above information, a registration link will be emailed to you. You may also register to receive a recorded version of the briefing at anytime by submitting the aforementioned contact details.

Frost & Sullivan, the Global Growth Consulting Company, partners with clients to accelerate their growth. The company's Growth Partnership Services, Growth Consulting and Career Best Practices empower clients to create a growth focused culture that generates, evaluates and implements effective growth strategies. Frost & Sullivan employs over 45 years of experience in partnering with Global 1000 companies, emerging businesses and the investment community from more than 30 offices on six continents. For more information about Frost & Sullivan's Growth Partnerships, visit http://www.frost.com.