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Based on its recent analysis of the European rail vehicle IoT solutions market, Frost & Sullivan recognises Eurotech with the 2021 Europe Competitive Strategy Leadership Award.
Frost & Sullivan’s latest analysis, European Industrial Valves and Actuators Market, Forecast to 2024, reveals that the primary factors driving the $5.8 billion market towards $7.05 billion by 2024 include an increased focus on automation across industries to improve operational efficiencies and initiatives like Industry 4.0 and Industrial Internet of Things (IIoT).
A rapidly growing urban population and increased consumer awareness regarding sustainability are prompting food & beverage companies and manufacturers to employ digital solutions to ensure product quality. They have continuously invested in technological innovations with a focus on food processing, safety, and packaging to distinguish themselves in an intensely competitive marketplace.
Increased customer demand to derive maximum output from legacy equipment is driving pump manufacturers to integrate enhanced technological features into existing pumps.
Manufacturing execution systems (MES) are integrated software applications that provide companies with the means to plan, schedule, track, direct, and implement their operations. The MES market is growing with the adoption of cloud computing and data analytics in distinct industry applications around the world, with continued growth likely as companies focus on improving productivity and process efficiencies.
Frost & Sullivan’s recent analysis, Global Industrial Automation Market Outlook, 2018, highlights the IIoT platform offerings of major automation companies and compares their products and services.
Traditional product-based selling is giving way to solution-based selling as the European Positive Displacement (PD) Pumps Market experiences a surge in partnerships among Original Equipment Manufacturers (OEMs) as well as Automation and IT sectors.
Distributors that offer value-added/after-sales services have a distinct edge over mere suppliers of equipment parts, says Frost & Sullivan.
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