Automation Suppliers Finish Ahead in 2011
Keywords: Automation, Quarterly Supplier Results, Asia-Pacific, Europe, Middle East & Africa, Latin America, North America.
Automation suppliers continued to see revenue growth at the close of 2011, though previous double-digit percentage increases in revenue have given way to smaller numbers. Manufacturers continue to increase production capacity and efficiency, with rising energy prices driving activity in the oil & gas sector. Power and infrastructure projects continue to generate business, particularly in China and India, where the nascent automotive sector also continues to grow. Automation supplier's order books are still quite full, pointing to continued growth in 2012.
Automation Suppliers Report Varying Degrees of Growth in Discrete and Process Sectors
Revenues and profits of the major automation suppliers continued to grow during the fourth quarter of 2011, though at slower rates than in recent quarters. Suppliers to the discrete industries saw revenue growth as participants in the automotive and semiconductor industries work to re-establish themselves in developed regions, while embarking on new plant construction in emerging markets. However, the strong double-digit growth of past quarters has entered single-digit territory. Process industry suppliers also saw continued, though more sedate, year-on-year growth and reported strong order activity, particularly in the energy sector.
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