Energy efficiency

Energy efficiency

• Energy efficiency
• Reliability
• Cost reduction
• Uptime
• Partnership

Aerospace:

• Aerospace:
• Strong demand driven by single aisle demand, Boeing and Airbus, supporting a stable, high, build rate
• Continuing growth in RIC
• Railway & Off-highway:
• Railways: Asia coming back on growth track, Europe and USA in stable mode
• SKF: Continued strong Agri business
• Contraction in mining related business
• Renewable energy:
• SKF: Renewable Energy in a phase of business recovery, positive projections
• Ongoing quick globalization of industry, with new emerging markets developing
• Trend of expanding turbine sizes and wind industry going offshore

Traditional energy:

• Traditional energy:
• Deepwater and subsea exploration & production continue to be growth areas
• Natural gas boom impacting future investments in transportation (pipelines)
• Hydraulic fracturing technology now being implemented in UK and China
• Industrial Drives:
• Modest global business growth
• Energy efficiency importance increases - The BeyondZero portfolio and our new launches supports the growth
• SKF: New range of application specific performance solutions
• Precision:
• Moderate business recovery with higher growth in USA, China and India
• SKF: Increase regional manufacturing footprint
• SKF: Ongoing product cost reduction programs
• Lubrication:
• SKF: Increased focus on key developing segments (Agriculture, Oil & Gas)
• SKF: Integration and synergy-building continue according to plan
• SKF: Focused on key growth markets (Russia, Asia, and Latin America)