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Mining: great potential for global industrial automation equipment

Mining: great potential for global industrial automation equipment

Classification:
Industry news
Author:
Source:
2014/06/09 09:29
[Abstract]:
"After two years of slow development of industrial automation equipment trade, we will see better market conditions in 2014 and usher in industry opportunities. In particular, economic stability in China and Europe will help promote the rapid development of industrial automation."
"After two years of slow development of industrial automation equipment trade, we will see better market conditions in 2014 and usher in industry opportunities. In particular, economic stability in China and Europe will help promote the rapid development of industrial automation."
 
Motor and motor control will be the largest part of industrial automation equipment in 2014, accounting for 40% of total revenue. Followed by automation equipment and power transmission equipment, accounting for 31% and 29% respectively.
 
The Asia Pacific region will be the fastest growing region, followed by the Americas, Japan, Europe, the Middle East and Africa. However, Europe, the Middle East and Africa are expected to account for the largest share of revenue, reaching $61.5 billion, followed by the Asia-Pacific region, the Americas and Japan.
 
The international market demand is huge, and the domestic smart equipment market brought about by the upgrading of China's manufacturing industry is also urgently needed to be tapped. However, most of China's smart devices come from imports. Taking industrial robots as an example, from 2008 to 2013, the average increase in the purchase of industrial robots in China was 36% per year. The growing demand is mainly from large multinational manufacturing companies, especially the automotive industry.
 
China is the world's largest auto market, and the demand for industrial robots in the auto industry accounts for 60% of China's overall demand. However, Diet, president of consulting firm Solidiance Asia Pacific, said, “Japan is still the most dominant country in the robot manufacturing industry.”
 
It is estimated that six major Japanese companies account for half of China's industrial robot sales, while China's four major robotic equipment manufacturers together account for only 5% of China's market share.
 
In the decade from 2000 to 2010, the proportion of Japanese industrial robots exported to China increased from 1.5% to 17.3%; if it was included in the third-party exports, China’s demand accounted for 30% of Japanese robot exports. According to the statistics of the Japan Robot Industry Association, the total production of industrial robots in Japan in 2013 was approximately 400 billion yen, of which exports were 280 billion yen. China and South Korea are the fastest growing countries for industrial robots.
 
 
 
Coupled with the share of KUKA, ABB, Comma and other robot companies in the Chinese market, the Chinese robot market is dominated by foreign robot giants. With the perseverance of market demand and the active guidance of the government's industrial policies, the Chinese robot industry and other automation equipment industries are growing rapidly, and the Chinese market has great potential to be tapped.