Global Automation Industry Study 2015
(CC) Фигушки/Flickr
The automation industry saw its strongest period of sustained growth from 2004 to 2007, with business expanding at around 9 percent per year. The financial crisis, however, brought this boom to a juddering halt. The ensuing slump has been massive: the market has shrunk by around 18 percent since 2007. Further, the industry can at best expect to grow by 1.5 percent per year until 2015. These are the findings of the global study on automation sector trends conducted by Roland Berger Strategy Consultants.
The study concludes that established markets like Germany, the US and Japan are crawling along with low single-digit growth, while China continues to surge ahead at around 8 percent per year. Indeed, China has replaced the US as the world’s largest national market for automation. In terms of global demand, the growth drivers for automation now include the energy sector, along with oil and gas.
While the market for process automation is expected to return to 2007 levels by 2012, the experts at Roland Berger don’t expect the production automation segment to recover until 2014.
The report is available to download from the Roland Berger Strategy Consultants website.
Explore posts in the same categories: Market & Industry reports