Industrial automation – the “pearl” of intelligent manufacturing.
In relevant reports, reviewing the development history and market performance of Japan’s manufacturing industry, Japan provides valuable experience to our country.
Both China and Japan regard manufacturing “hard technology” as their core competitiveness. my country is in the stage of rising manufacturing. It is expected to first “substitute domestic products” and then rely on “efficiency advantages” to go overseas.
This report focuses on industrial automation, looks at domestic substitution from the perspective of the industrial chain, and selects high-quality companies in core links.
Industrial automation, also known as industrial control automation, applies automation technology to mechanical industry manufacturing to improve production efficiency and quality.
Its development relies on the in-depth integration of information technology and other technologies to reverse the traditional operating model.
The upstream is power electronic components, and the downstream includes OEM market and project market.
The development of global industrial automation is divided into three stages: stand-alone automation stage, automatic production line stage, and integration stage.
Policy support is expected to promote domestic enterprises to break through technical barriers and increase the domestic substitution rate.
There are many components in the industrial automation industry chain, and the market size has increased overall. China’s market will exceed 200 billion yuan in 2021.
Intelligent manufacturing is the development direction of industrial automation. It upgrades the concept to include flexibility, networking, etc.
Industrial automation is the carrier of intelligent manufacturing in the physical space, and the industrial Internet is the carrier of the information space. The three are intertwined.
Looking at the long-term trend of industrial automation from the perspective of industrial robots, industrial robots are the main component of industrial automation.
my country’s demographic dividend has disappeared, labor prices have risen, and machine replacement is inevitable.
The development of industrial robots in my country has gone through four stages. Although there is a gap with developed countries, there is huge room for growth, and the demand for market upgrading will surge in the future.
Industrial robots represent trends such as high growth in industrial automation and human-machine collaboration.
The industrial chain is organized around high-quality companies in core links.
The control system is the key core, including PLC, DCS, etc.
The PLC market is expanding rapidly, with a big difference between small and medium-sized ones; the DCS market is growing in size, and central control technology is leading the way in domestic substitution; IPC+PC-Based domestic production is moving towards mid-to-high-end; the domestic CNC system market is dominated by overseas brands; human-machine interfaces are widely used downstream, and the domestic substitution rate needs to be improved.
In the drive and execution system, the low-voltage market for frequency converters is vast, and there is great potential for domestic substitution; reducers are expected to achieve domestic substitution, with many RVs cooperating, and harmonics is the dominant one; domestic substitution is beginning to appear in servo systems; the contactor market is mature, and mid-to-high-end products have become a hot spot for competition; foreign investment in high-end products for control valves has great advantages, and domestic substitution is rising steadily.
There are many types of feedback system products, and the sensor market size is growing steadily, but there is a lack of domestic substitution in the high-end field; instrument automation is growing rapidly, and domestic substitution is gradually increasing.
The output system takes the robot body and CNC machine tools as the core equipment.
The robot body hardware is mature, domestic production is expected to accelerate, and Eston is expected to become the leader; the overall technology of CNC machine tools is mature, with Japan, Germany and the United States leading the way, and the pace of localization is accelerating.
In the context of domestic substitution, looking for high-quality industrial automation companies can be selected from industry chain links and individual stocks of listed companies.
Among the links in the industry chain, links with high localization rates, rapidly increasing localization rates, and links of high importance in the industry chain deserve attention. Some companies that operate across industry chain links, such as Huichuan Technology, have been selected many times.
