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)
by
Related articles
SIKO Presents the PositionLine at SPS IPC Drives 2018 with IEN Europe
SIKO Presents the MagLine at SPS IPC Drives with IEN Europe
Better HMI and Evolution from PCBs to PLCs Pave the Way for New Market Opportunities
Interface Technology
The CC-Link Partner Association Announces the Future Of Open Industrial Ethernet
Continued Market Growth Is Testament To The Development Of PLCs
Industrial Ethernet
Biocompatible Medical Cable
''Esprit'' Libre
Smart Solutions for Smart Demands
Sensing Innovation in Process and Control
Ultrasonic Flowmeter TRX
Hannay Reels Delivers Every Time
Multi-protocol Network Diagnostics
Take your Manufacturing to the Edge. Connect Everything
Power in new Dimensions - BXT Motor Family
Mechanical Position Sensor MP600 Series
Heaters of H series
3 Phase Book Style EMC Filter
Leading Distributor in Automation & Robotics Technology
Labfacility L60+ Thermocouple & Fine Wire Welder
Integrated Servo Motor
Single-Stage Filter
Medical Grade PC
High Speed and High Definition Camera
Multi-function Sensor Module
Drive for Marine Installations
AC/DC Desktop Power Adapters
Monitoring Fugitive Emissions & Leaks
Integrated Drive for Induction Motors
SIKO Presents the PositionLine at SPS IPC Drives 2018 with IEN Europe
SIKO Presents the MagLine at SPS IPC Drives with IEN Europe
Multi-protocol Network Diagnostics
Interroll Launches its Versatile Drive Platform at Sauber Motorsport
Brushless Flat DC-Servomotors with more torque
Labfacility L60+ Thermocouple & Fine Wire Welder
SCADA for Supervision and HMI
Power in new Dimensions - BXT Motor Family
Integrated Servo Motor
Planetary Gearboxes