Supplier Financials Quarterly Year-Over-Year Analysis 2022 – Q1

Author photo: Rajkumar Paira
By Rajkumar Paira

Introduction

Annual

In this Insight, ARC Advisory Group includes the most recent quarterly results for major automation suppliers that publicly report their results. To convert the revenues of non-US suppliers to US dollars, we average exchange rates for foreign currencies used for the entire quarter.

With this latest automation supply side-market update, ARC has increased the number and breadth of automation suppliers covered, based on a combination of publicly reported data and ARC’s own extensive research database. We have also added selected business intelligence visualizations. Readers should contact their ARC client managers if they would like to gain additional access to this market intelligence as it applies to both regional and sector-specific supply side automation market trends. 

Q1

Financial results during calendar period from January 1 to March 31.

High growth was expected for automation products in the automation market; however, growth increased only marginally in Q1 2022 compared with the same quarter last year.

Most industrial companies experienced a recovery for the food and beverage, pharmaceuticals & biotech, buildings, semiconductor, and water & wastewater industries in this quarter.

Adoption of Industry 4.0 leads toward smart manufacturing and remote monitoring of plant operations.

Overview

Supplier Financials

 

Supplier Financials

 

Executive Summary

Q1

Most automation suppliers are showing growth, “a clear sign of exit from the pandemic in 2021.”

 Increased investment in 5G networks has helped electronics and semiconductor industries to grow. Green energy and sustainability will drive the automotive industry with a major demand for electric vehicles from both developed and developing nations.

Some of the top growing suppliers, such as Aspen Technology, Ametek, Danaher, Delta Electronics, Keyence, and KUKA witnessed double-digit revenue growth in Q1 2022, compared with the previous year. Most automation markets are back to pre-pandemic levels.

Machine builders are experiencing strong demand.

Supplier Financials

 

Quarterly Market Trends

Q1

Most automation suppliers are showing growth, “a clear sign of exit from the pandemic in2021.

Government initiatives and protocols have influenced the adoption of industrial automation.

The deployment of digital technologies, especially when it comes to new business models and remote maintenance & monitoring are becoming popular in automating plants and processes.

The implementation of robotics and automation in the food processing, packaging, and retail sectors provides improved safety, quality, and profitability by optimizing process monitoring and control.  This automation can help food businesses improve their supply and demand management.

Megatrends such as urbanization, a rising middle class, and an aging society are helping the automation market to grow. Industrial IoT and digitalization are the key factors that help boost the growth of the automation market.

Supplier Financials

 

Suppliers Analyzed in Report

Supplier Financials

 

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