DUBLIN--(BUSINESS WIRE)-- Research and Markets (http://www.researchandmarkets.com/research/fvrhhm/automation_market) has announced the addition of the "Automation Market in China 2012-2016" report to their offering.
The analysts forecast the Automation market in China to grow at a CAGR of 16.05 percent over the period 2012-2016. One of the key factors contributing to this market growth is the need to meet international quality standards. The Automation market in China has also been witnessing the development of customized automation solution. However, the availability of low-cost labor could pose a challenge to the growth of this market.
The key vendors dominating this market space are Siemens AG, ABB, Rockwell Automation, and Schneider Electric.
Other vendors mentioned in the report are Yokogawa Electric Corp., General Electric Co., Aspen Technology Inc., Rudolph Technologies Inc., Invensys plc, Supcon Group Co. Ltd., Qisda Corp., iBASEt Inc., Fanuc Corp., and
HollySys Automation Technologies Ltd.
Commenting on the report, an analyst from the 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.
For more information visit http://www.researchandmarkets.com/research/fvrhhm/automation_market
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Source: Research and Markets