Our country’s market for industrial automation control equipment holds a significant share in the global market
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China’s market for industrial automation control equipment holds a significant share in the global market. According to the \"Market Outlook and Investment Strategy Planning Analysis Report for China’s Industrial Automation Industry,\" the global industrial automation industry experienced double-digit growth following the financial crisis of 2008–2009. By 2013, the industry’s global revenue amounted to $173 billion, representing a 3.4% increase compared to 2012. It is estimated that by 2017, the market size will reach $225 billion. China’s market for industrial automation control equipment holds a significant share in the global market. Traditional industrial technology upgrades, factory automation, and enterprise informatization all require a large number of industrial automation systems, offering broad market prospects. Industrial control automation technology is evolving toward intelligence, networking, and integration. The development of the industrial automation industry in our country is relatively slow; at present, high-end products are mainly imported from abroad. Products from international manufacturers such as Siemens, KUKA, ABB, Japanese companies like Yaskawa and Fanuc, as well as Comau, account for the majority of the market share in our country. According to official sources, the \"SIAF Guangzhou International Industrial Automation and Equipment Exhibition\", organized by Guangzhou Guangya Frankfurt Exhibition Co., Ltd., will be held grandly at the Canton Fair Complex in Guangzhou from March 4 to 6, 2018. The exhibition is the Asian counterpart of the SPS IPC Drives electrical automation show in Nuremberg, Germany, and it represents a major event in the industrial automation sector in South China. Building on the success of its predecessor, this edition of SIAF will serve as a one-stop platform for business and technical exchanges in the industry. The exhibition covers various key sectors, including robotics and image technology, sensors, industrial measurement, connection systems, transmission and mechanical drive systems, as well as control technology. For more details, please visit the official website: www.gymf.com.cn/siaf/cn/
As the article states, China’s market for automation equipment is very large. In previous years, foreign-made control system products held a significant share of this market; companies such as Honeywell, Emerson, Siemens, ABB, Yokogawa, and Westinghouse had a dominant position in industries such as petrochemicals, chemicals, and power generation in China. Since 2000, as domestic control system manufacturers such as Zhejiang Zhongkong, HollySys, and Xinhua have strived to catch up, domestic DCS systems have taken a dominant position in the sales of control systems in China; domestic systems are used in almost all small and medium-sized projects ； In large-scale installations, the use of domestic systems is also on the rise, with their share increasing significantly in major projects such as nuclear power, power generation, and coal chemical industry. As a result, the sales prices of products from foreign companies dropped significantly; it is almost impossible for foreign firms to earn high profits or even enormous gains as was the case in the 1990s. It has turned out that supporting domestic brands means supporting ourselves!
High-tech products have seen significant development in China.