China’s economic growth is at a critical juncture. After 30 years of high-octane growth, it is seeing a comparative slowdown due to internal and external pressures. The macroeconomic data released from the China State Statistics Bureau showed the declining GDP growth rate — 7.8 percent in 2012, lower than 9.2 percent of 2011. This is the slowest China GDP YoY growth in the past 13 years.
The market trend of PLC and PLC-based PACs in China shows a high correlation with the macroeconomic scenario. In 2012, China’s PLC and PLC-based PAC market seems to have declined significantly. But this is a natural fallout; when industrial growth is lackluster, the demand for automation reduces.
China’s PLC Market Will Continue to Grow across Main Industry Verticals
This study provides an in-depth analysis of the PLC business in China; highlighting the factors that influence the PLC market and its dynamics. In addition to market analysis and forecasts, the study also covers the current market nuances, strategic issues, and the future outlook.
From a short-term perspective, ARC believes that China will see a slight recovery in 2013; from the medium and long-term perspective, China’s PLC and PLC-based PAC’s market, which experienced strong growth during the past years, is expected to grow at a modest pace. ARC believes that some of the industries, including oil & gas, automotive, food & beverage, pharmaceutical & biotech, and infrastructure will have better market performance in the next five years—and this bodes well for China’s PLC market.
For more information on this study, please go to www.arcweb.com/market-studies/pages/plcs-programmable-logic-controllers.aspx.