Industrial automation industry booming 2017 market or up to $225 billion

Automation technology is essential for both high-speed, large-volume manufacturing companies and those focused on flexibility, customization, and adaptability. It plays a crucial role in various sectors such as industry, agriculture, military, research, transportation, commerce, healthcare, services, and even home use. As a key component of modernization, automation is a symbol of progress in industrial, agricultural, defense, and technological development. Information technology is transforming traditional industries, making the old model of human labor-based production outdated. Modern factories now rely on advanced robotic automation systems. Simply increasing production efficiency is no longer enough—market demands are evolving rapidly, and the ability to respond quickly and accurately to these changes is vital for the future of manufacturing.  Industrial automation, one of the most significant technologies in modern manufacturing, focuses on improving efficiency and consistency. In theory, it involves using various parameters for control in industrial processes, reducing manual labor, and optimizing the use of energy and information resources. This approach, known as industrial automation, enables efficient and consistent production across different industries. Although automation systems don’t directly generate profit, they significantly enhance the production process by improving safety, efficiency, product quality, and reducing waste. Whether a company is focused on high-speed production or flexible, customized solutions, automation is a necessary tool. Today, this technology is widely used in machinery, construction, IT, aerospace, and more. China's industrial automation development began during the early reform period. In the 1980s, the country started adopting automation technology. With the rapid pace of reform and opening up, the industry grew quickly, with products like man-machine interfaces, servo systems, PLCs, and inverters becoming common in industrial control. However, due to late entry into the field and limited core technology development, China's industrial automation sector has developed relatively slowly. High-end products are still largely imported, with global leaders like Siemens, ABB, Fanuc, and KUKA dominating the market. Despite this, domestic manufacturers have been improving their technology, leading to increased substitution of imported products. Analysts suggest that long-term growth in the automation sector will come from the rise of cost-effective domestic alternatives, which offer strong competitive advantages. Moreover, China’s manufacturing industry benefits from a large, young, skilled, and low-cost workforce, making it an attractive destination for global investment. According to the "Made in China 2025" report, global manufacturing is shifting toward Southeast Asia, South Asia, and Africa. While some multinational companies are returning to developed countries due to rising costs, others are moving to emerging markets. In 2016, many equipment suppliers saw declining revenues, and investment markets faced uncertainty. However, the global industrial automation equipment (IAE) market is expected to grow by 1.5% in 2017, reaching $225 billion—an increase of 30% compared to 2013. This indicates a continued demand for automation solutions worldwide.

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