Representative End User Clients
Representative Automation Clients
Representative Software Clients
Overall, automation suppliers saw their revenues drop by 1.7 percent during the first quarter of 2017. Depressed oil and commodity prices continued to hamper growth prospects in the worldwide automation market. However, order activity improved somewhat, particularly for discrete automation suppliers.
Process automation suppliers continue to suffer most from exposure to low oil prices, though many have been able to stem revenue declines by shifting from major capital projects to MRO activities.
Many discrete automation suppliers fared better, thanks to stronger investment activity in the electronics and automotive industries, particularly in Asia.
Process Suppliers Continue to Struggle
Compared to the first quarter of 2016, the total combined revenues of automation suppliers to both the process and discrete manufacturing industries dropped by 1.7 percent (see Figure 2). Process industry suppliers saw their combined revenues grow by half a percentage point, reflecting the slowdown in activity in the oil & gas sector. (If a recent large acquisition by Thermo Fisher is excluded, revenues would have fallen by 1.3 percent). Suppliers to the discrete industries saw a 3.7 percent decrease in combined revenues. (However, discrete suppliers would have seen actual growth of about 7 percent, if General Electric had not recently divested its appliance and lighting businesses).
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Keywords: Automation Suppliers, Quarterly Results, Asia-Pacific, Europe, Middle East & Africa, Latin America, North America, ARC Advisory Group.