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While the numbers are still not great overall, preliminary ARC research indicates that the ongoing decline in China’s total automation market levelled off gradually from first through third quarters of 2016, then moved into positive growth territory in Q4 2016. This followed significant declines in orders throughout 2015, with the worst performance seen in Q4 2015.
In Q4 2016, China’s automation market showed unexpectedly strong year-over-year growth, wiping out the losses accumulated in the first three quarters of 2016. This resulted in essentially flat growth for the automation market for full-year 2016 vs. 2015. This came as a surprise for many industry observers, but reflects the wildly fluctuating nature of China’s automation market in recent years.
In recent weeks, ARC spoke with a number of large automation suppliers in China. Most reported that their business had grown by approximately 10 to 15 percent in Q4 2016, with some product lines growing at 20 percent, 30 percent, or even more. For 2017, most of these suppliers are adjusting their previous market forecasts from conservative to relatively positive.
Driving Forces
So, why did the market begin to recover in 2016, and what caused the strong rebound in Q4 2016?
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Keywords: China, Process Automation, Discrete Automation, PLC, CNC, DCS, ARC Advisory Group.