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U.S. OEMS reign in industrial, medical electronics ranking

Posted: 23 Sep 2008 ?? ?Print Version ?Bookmark and Share

Keywords:OEM? industrial raking? medical electronics?

Market research firm Publications notes in its new report entitled "Industrial, Medical Electronics and Semiconductor Report Service" that of a world market valued at around $525 billion in 2007, U.S. OEMs accounted for half of the total. Of those OEMs supplying electronic products to the industrial and medical sector in 2007, the top three suppliers, Caterpillar, Deere & Co. and United Technologies are all U.S.-owned companies, with Applied Materials, GE and Medtronic also featuring in the top 10. That's six of the 10 largest OEMs supplying industrial and medical electronics showing as US companies, reports

Meanwhile, European and Japanese OEMs account for under 30 percent and 20 percent of the total market respectively. Siemens is ranked as the largest European OEM in the analysis, while Komatsu emerges as the leading Japanese supplier.

Following the United States, European and Japanese OEMs, Korean manufacturers come together to take fourth place, led by suppliers such as Hyundai and Doosan Infracore. However, with a share of under 2 percent of the global market, it will take a lot of work, or a seismic shift, for the Koreans to take on the established order, says

And what about China? According to, as a country that has dominated headlines for much of the last decade, the impact so far of Chinese OEMs on the world industrial and medical electronics market has been somewhat limited, with companies like Goldwind and Sinovel still having relatively low brand recognition. However, Chinese OEMs have gained a foothold into some specific markets, for example Hangcha and Hangzhou Forklift are both becoming established as suppliers of forklift trucks and materials handling, while Holley and Londian Electrics continue to develop a presence in electronic utility metering.

Overall, Chinese OEMs are estimated to have supplied under 1 percent of the world industrial and medical electronics market in 2007.

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