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Market value reaches $225 billion by 2017

By  : Tony Chen Updated  :   2017-12-06 16:58:05


 

Related research predicts that the global industrial automation industry will reach $225 billion in 2017, an increase of 30% compared to 2013. As one of the most important technologies in the modern manufacturing field in twentieth century, the industrial automation technology mainly solves the problem of production efficiency and consistency.

 

The automation system itself does not directly create benefits, but it plays a significant role in enhancing the production process by improving the safety of the production process, increasing production efficiency, ensuring product quality and reducing raw material and energy consumption of the production process. At present, this technology has been widely used in machinery manufacturing, information technology, aerospace and other fields.



In 1980s, China began to import industrial automation technology. With the accelerating of the social transformation and opening up in China, industrial automation is developing rapidly. Man-machine interface, servo system, stepper system, programmable logic controller, inverter and other industrial automation control products are widely used in various fields of industrial control.

 

However, the development of industrial automation industry in China is relatively slow. Currently, the high-end products are mainly imported from abroad.  SIEMENS, FANUC, Yaskawa, KUKA, ABB and other international companies occupy a larger domestic market share. With the continuous improvement of domestic manufacturers, they are gradually substituting imported products. Analysts believe that the main driving factor will be this domestic alternative for a long period of time, which is highly competitive of its ROI.


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