TechNavio recognizes the following companies as the key players in the Automation Market in China: Siemens AG, ABB Ltd., Rockwell Automation Inc., and Schneider Electric Co.
Commenting on the report, an analyst from TechNavio’s team said: “One of the major trends being witnessed in the market is the development of customized automation solutions. There is intense competition among the vendors in the Automation market in China. Moreover, the profitability of vendors has been continuously declining over the years due to the intense competition and price wars. Automation vendors have started developing new customized solutions to fulfill the needs of a particular industry. Hence, the market players are focusing on differentiating their products by building solutions that are customized for the needs of a specific company or industry. Customization assists companies to have greater profit margin compared to other generic automation equipment.”
According to the report, one of the main drivers in this market is the need to improve organizational productivity. Automation helps industries to work unceasingly for long periods of time while simultaneously maintaining consistency and accuracy throughout the manufacturing process.
Further, the report states that one of the major challenges in the market is the availability of low-cost labor. Many process and discrete industries prefer to use low-cost labor rather than investing large amounts of money in automation technologies.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/report/automation-market-china-2012-2016
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/engineering-and-automation
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TechNavio Announces the Publication of its Research Report -Automation Market in China 2012-2016
