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Asia-Pacific key market for automation component suppliers

Posted: 08 Aug 2013 ?? ?Print Version ?Bookmark and Share

Keywords:industrial automation? power? sensors?

The Asia-Pacific region accounts for more capital expenditures on industrial automation products than anywhere else in the world, with 46 per cent of global investments in 2012, equivalent to $76.6 billion, according to a recent report from IMS Research.

The power industry represented approximately one-fifth of total industrial capital expenditures attributed to industrial automation products, the largest of all industries in Asia-Pacific. Investment in power has grown significantly in recent years-particularly in developing regions as demand for domestic, commercial and industrial use has grown.

China, for instance, is now the world's biggest consumer of electricity. However, China's per-capita consumption remains far behind most Western countries, leaving plenty of room for further growth.

Power capital spending by project allocation

Figure 1: Power capital spending by project allocation ($M). Source: IHS, July 2013.

Senior analyst Andrew Robertson explained, "The study estimates that of total power capital spending in 2012 for Asia-Pacific, approximately 5 per cent went into automation products. This trails America and Europe, again illustrating the potential for further growth in automation products going into this sector in Asia-Pacific."

Power in Asia-Pacific is overwhelmingly provided by fossil fuels, with China alone producing about half the world's coal. But in the future, significant growth will come from the renewable and nuclear energy sector, both of which will provide major opportunities for automation component suppliers.

"Take wind turbines, for example," Robertson said. "These turbines require a whole array of automation components, such as sensors, encoders, actuators, motors and drivesjust for pitch and yaw control of the blades."

With demand in Asia-Pacific for power expected to continue expanding, the endeavour to move away from fossil fuels and governments striving for cleaner, safer, more efficient and reliable plants, the outlook for industrial automation products in its biggest market appears to be strong.





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