Vast Country, Vast Opportunities, Huge Challenges

  Enquire / contact me

Automation systems market outlook for Russia

Vast Country, Vast Opportunities, Huge Challenges
Vast Country, Vast Opportunities, Huge Challenges

Russia is part of the emerging BRIC economies, but market entrance is significantly less enthusiastic than in China or India. The market is still seen by many as risky and volatile. A new ARC report describes the main dynamics that drive investment in automation in Russia.
The development over the last few years was volatile and this will continue due to highly centralized political decision making, ups and downs in investment, dependency on the oil price, red-tape, challenges in the banking sector, the WTO entrance, and documentation requirements, among others. In addition, the sheer size of the country, the differences in culture, and corruption threaten business success.

Still, according to ARC, there are immense opportunities in Russia: The power sector is expected to boom over the next few years, the chemical industry needs modernization, and the automotive industry is in a strong expansion mode. These markets are all expected to achieve double digit growth rates in the forecast period. And of course, there is oil & gas. This is by far the biggest vertical and even though a lot of modernization and big investments have already taken place, there are huge opportunities in this sector for all suppliers.

Across most industries the production equipment is old and with the WTO entrance, industries in Russia have only two choices: Modernize or depend on imports.

Posted on June 25, 2013 - (120 views)
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
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