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. At present, China's domestic industrial automation enterprises still lag
behind foreign counterparts in technology, brand, product range and other
aspects. However, domestic enterprises have certain advantages in cost, price,
distribution channels, market segments expanding, personalized services and so
on. In 2013, the market share of Chinese companies has not exceeded 30%,
therefore the potential for them to substitute foreign brands is enormous.
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discount on this report @ http://www.chinamarketresearchreports.com/contacts/inquiry.php?name=114689 .
In the first half of 2013, China
has 797 small-sized automation enterprises above designated size, accounting
for 81.7% of the total number of enterprises in the industry, and 152 mid-sized
automation enterprises, accounting for 15.6%, and 26 large enterprises,
representing 2.7%.
Jiangsu is the province with the
largest number of enterprises which is 342. In the first half of 2013, the
total assets of China's industrial automation enterprises above designated size
are RMB 212 billion, increasing 14.9% year on year. The top five
provinces/cities by assets are Jiangsu, Beijing, Zhejiang, Shanghai and
Guangdong.
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Read more on “Global
and China Industrial Automation Industry Report, 2013-2015” report below.
Global and China Industrial
Automation Industry Report, 2013-2015 sheds light on the operation and
development plans of domestic and foreign enterprises based on an analysis and
forecast of the global and Chinese industrial automation industry trend.
Siemens is the world's largest
industrial automation company; its automation business covers factory
automation equipment and process automation equipment, its service areas
include energy, industry, construction and health care industries. In FY2013,
Siemens achieved revenue of EUR 75.9 billion, down 2% year on year and net
income of EUR 4.41 billion, up 3% year on year.
Although annual report shows that
net income of Siemens has increased in FY2013, its industrial automation business
performance was not satisfactory, the revenue from which is declining year
after year due to weak demand and rising costs. Hence, Siemens decided to
enrich its product line and increase investment in information technology and
software businesses which have higher profit margin and reduce the output of
low-margin products such as photovoltaic inverters.
Shenzhen Inovance Technology Co.,
Ltd (stock code: 300124) is China's most powerful local automation company with
the most extensive range of services. Its clients cover metallurgy, coal,
water, chemical, municipal, electricity and other fields.
In the first half of 2013, the
traditional industrial control market rallied, increase of demand for elevators
and injection molding machines which are the advantages of the company has
driven its revenue growth. Benefited from industrial policies, new energy
vehicle motor controllers and photovoltaic inverters gradually open up the
market. The company has significantly enhanced performance, making revenue of RMB
702 million in the first half of 2013, increasing 32.8% compared to the same
period in 2012 and net income of RMB 227 million, increasing 58.2%.
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