Industrial Automation Equipment: Stronger Growth in 2014

  Enquire / contact me

After two mediocre years

Industrial Automation Equipment: Stronger Growth in 2014
Industrial Automation Equipment: Stronger Growth in 2014

After sputtering for the last two years, the global market for industrial automation equipment (IAE) is poised for stronger growth in 2014, aided by strengthening economies as well as technological innovations that will boost demand, according to a new report from IHS Technology.
Worldwide revenue in 2014 for the IAE market will reach a projected $185.3 billion, up 7 percent from $173.0 billion in 2013. This year marks the return of more vigorous activity after the industry managed only middling revenue increases of 1.2 and 3.4 percent in 2012 and 2013, respectively. Prior to those two years, expansion had been in the double digits in a heartening show of force after the recession. The healthy expansion is set to continue after this year, with industry takings forecast to hit $225.0 billion by 2017, as shown in the attached figure.

"Following two years of weak development in the IAE trade, 2014 will see stronger market conditions that will help generate business opportunities," said Jenalea Howell, associate director for rotating machines & controls at IHS. "In particular, the stabilizing economies of China and Europe will be beneficial to spurring growth this year in overall industrial automation, allowing the market to outstrip last year's performance."

Motors and motor controls will be the largest segment in 2014, accounting for 40 percent of total IAE market revenue. Automation equipment is next with 31 percent, followed by power-transmission equipment with 29 percent.
Among the global regions, Asia-Pacific will lead in growth, followed by the Americas, Japan and then the collective Europe-Middle East-Africa (EMEA) region. EMEA, however, is projected to claim the largest share of revenue at $61.5 billion, followed by Asia-Pacific, the Americas and Japan.

Posted on April 11, 2014 - (319 views)
by
Related articles
Equipped Plug-and-Play Add-On Cobot
Nanotron and ClearBlade Partners to Jointly Develop New 360° Edge Analytics
High Precision Inclination Sensor
3D Optical Scanner
Electromagnetic Flow Sensors
Wireless Torque Sensors for Aerospace Sector
Cleanroom Technology
Temperature and Pressure Sensors with IO-LINK
Configurators for Motors, Gearboxes and Drives
AMR Based Current Sensors
Single Phase Filter
Full-service Bolting Equipment Provider
Ultrasonic Flowmeter for Electric Charge Reduction
The Reel that Works as Hard as You
Wave Spring
Shock Transportation Data Logger MSR175
Compact and Precise Level Switches
Laser Triangulation Sensors optoNCDT 1420
Sensing Innovation in Process and Control
Ultrasonic Flowmeter TRX
3D Optical Scanner
AMR Based Current Sensors
DataHub OPC Gateway
Driving the Digital Revolution with Hydraulic Fluids
NEW: Worldwide Smallest Draw-Wire Sensor
Embedded System with Artificial Intelligence
wireSENSOR MT19
Easy and Profitable Measurement Solutions Using Smart Laser Sensors
Compact True Color Sensor
Blue Laser Scanners for Profile Measurements on Shiny, Highly Polished Surfaces
Equipped Plug-and-Play Add-On Cobot
High Precision Inclination Sensor
3D Optical Scanner
Driving Amusement Safely: The Thrill is Guaranteed!
“At Hannover Messe, Exhibitors Demonstrate 500 Functional Examples of Industrie 4.0’’
Absolute Encoder for Drive Technology
Confocal Sensor for OEM Applications
Easily Print Labels from your Smartphone!
Ergonomic Safety Handles
Bi-Metal Temperature Gauges