The industrial automatic control system device industry has a rich and diverse industrial chain.
Its upstream mainly covers chips, semiconductors, electronic components, permanent magnet materials, insulating materials, structural parts, cables and other components; its midstream is the manufacturing link of industrial automatic control system devices; its downstream is widely used in many fields such as electric power, metallurgy, building materials, oil and gas, chemical industry, mining, and municipal engineering.
Plastic machinery, as a general term for various types of machinery and equipment in the plastics processing industry, occupies an important position in the industry.
In 2021, the main business revenue of large-scale enterprises in my country’s plastic machinery industry will be 83 billion yuan. If the growth rate remains unchanged in 2022, the revenue will reach 84.9 billion yuan.
The plastics industry has a prominent position worldwide. With the continuous growth of downstream demand, industrial automation has also ushered in opportunities for rapid development.
Industrial automation involves many fields such as electricity, electronics, computers, artificial intelligence, communications, electromechanical and so on.
As industrial automation technology continues to mature, the application scale of industrial automation equipment such as production, control, feedback and auxiliary devices continues to expand in machine tools, new energy, industrial robots, medical and other industries, promoting the rapid development of the industrial automation market.
The global industrial automation market size will be approximately US$457.5 billion in 2022, a year-on-year growth of 5.9%.
In the future, as the global Industry 4.0 era continues to advance, the demand for industrial automation equipment in various application fields will further increase. It is expected that the global industrial automation market will reach US$480.73 billion by 2023.
In the context of the transformation and upgrading of the manufacturing industry, my country’s traditional industrial transformation, factory automation and enterprise informatization are all inseparable from industrial automation systems.
According to data from the China Industrial Control Network, the size of my country’s industrial automation market has grown from 139.9 billion yuan in 2015 to 264.2 billion yuan in 2022, with a compound growth rate of 9.5%.
From 2020 to 2022, China’s global proportion of industrial automation market size will be 6.7%, 9.1% and 9.1% respectively.
However, my country’s industrial automation industry started late and is temporarily at a disadvantage in global competition.
Compared with the current development status of the manufacturing industry, the development level of industrial automation in my country is relatively low, and there is still considerable room for development in the industry.
However, the market share of domestic brands in my country’s industrial automation has reached 43% in 2021, and there is room for further improvement in the future.
The industrial automation industry is facing many emerging downstream fields, involving complex disciplines and requiring high R&D requirements.
Since 2018, the overall R&D expenditure in the industrial automation industry has maintained a growth rate of around 20%.
The industry’s R&D expenditure in 2022 will be 3.77 billion yuan, a year-on-year increase of 28%; the industry’s R&D expenditure in 2023Q1 will be 930 million yuan, a year-on-year increase of 19%.
The research on the industrial automation industry is also very in-depth.
The research team uses a combination of desktop research, quantitative surveys, and qualitative analysis to comprehensively and objectively analyze the overall market capacity, industrial chain, operating characteristics, profitability, and business models of the development of the industrial automation industry.
At the same time, scientifically use research models and methods such as SCP model, SWOT, PEST, regression analysis, and SPACE matrix to comprehensively analyze relevant factors such as market environment, industrial policy, competition landscape, technological innovation, market risks, industry barriers, opportunities, and challenges in the industrial automation industry.
The “2025-2031 China Industrial Automation Industry Development Panoramic Monitoring and Investment Direction Research Report” was carefully researched and compiled to provide important reference for investment decisions, strategic planning, and industrial research of enterprises, scientific research, investment institutions and other units.
In short, although China’s industrial automation industry faces challenges, it also contains huge development potential.
With the continuous advancement of technology and the continued growth of market demand, I believe that this industry will usher in a better future.
