|By PR Newswire||
|April 17, 2014 03:37 AM EDT||
DUBLIN, April 17, 2014 /PRNewswire/ --
Dublin - Research and Markets (http://www.researchandmarkets.com/research/ttb6p7/automation_market) has announced the addition of the "Automation Market in China" report to their offering.
(Logo: http://photos.prnewswire.com/prnh/20130307/600769 )
The analysts forecast the Automation market in China to grow at a CAGR of 16.05 percent over the period 2012-2016. One of the key factors contributing to this market growth is the need to meet international quality standards. The Automation market in China has also been witnessing the development of customized automation solution. However, the availability of low-cost labor could pose a challenge to the growth of this market.
The report, the Automation market in China, has been prepared based on an in-depth market analysis with inputs from industry experts. The report focuses on China; it also covers the Automation market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
One of the major trends being witnessed in the market is the development of customized automation solutions. There is intense competition among the vendors in the Automation market in China. Moreover, the profitability of vendors has been continuously declining over the years due to the intense competition and price wars.
Automation vendors have started developing new customized solutions to fulfill the needs of a particular industry. Hence, the market players are focusing on differentiating their products by building solutions that are customized for the needs of a specific company or industry. Customization assists companies to have greater profit margin compared to other generic automation equipment.
According to the report, one of the main drivers in this market is the need to improve organizational productivity. Automation helps industries to work unceasingly for long periods of time while simultaneously maintaining consistency and accuracy throughout the manufacturing process.
Further, the report states that one of the major challenges in the market is the availability of low-cost labor. Many process and discrete industries prefer to use low-cost labor rather than investing large amounts of money in automation technologies.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Key Topics Covered:
01. Executive Summary
02. Scope of the Report
03. Market Research Methodology
04. List of Abbreviations
06. Market Landscape
07. Market Segmentation by Application
08. Market Segmentation by End-users
09. Buying Criteria
10. Market Growth Drivers
11. Drivers and their Impact
12. Market Challenges
13. Impact of Drivers and Challenges
14. Market Trends
15. Trends and their Impact
16. Vendor Landscape
17. Key Vendor Analysis
- Aspen Technology Inc.
- Fanuc Corp.
- General Electric Co.
- HollySys Automation Technologies Ltd.
- iBASEt Inc.
- Invensys plc
- Qisda Corp.
- Rockwell Automation
- Rudolph Technologies Inc.
- Schneider Electric.
- Supcon Group Co. Ltd.
- Siemens AG
- Yokogawa Electric Corp.
For more information visit http://www.researchandmarkets.com/research/ttb6p7/automation_marke
Media Contact: Laura Wood , +353-1-481-1716, [email protected]
SOURCE Research and Markets