Representative End User Clients
Representative Automation Clients
Representative Software Clients
Introduction
Financial results during calendar period from January 1 to March 31.
After a sharp decline in 2020, the automation market rose by 17 percent in Q1 2021.
Almost all automation companies recovered or saw a good growth in the range of mid to higher single digits in Q1 2021.
Most industrial companies started experiencing a recovery but at different levels, for example the automotive sector is still growing at a slow pace, but the pharmaceutical sector is performing well.
Economic activities have recovered from the effects of the pandemic, and some discrete suppliers saw a high demand for automation products. Most suppliers witnessed an increase in orders and revenues in Q1 2021.
Financial results during calendar period from April 1 to June 31.
Constant demand for automation products has helped the market to grow at a much faster pace compared with Q1 2021; the market grew by almost 23 percent in Q2 2021.
Almost 50 percent of world’s population is vaccinated, and this will further improve market growth prospects in Q3 2021.Demand from the food and beverage, pharmaceuticals & biotech, mining, buildings, semiconductor, and water & wastewater industries has improved.
Most of the companies are back on track toward Industry 4.0. The transition to Industry 4.0 will depend on the adoption of automation technologies and this has led toward a faster growth in Q2 2021.
ARC Advisory Group clients can view the complete report at ARC Client Portal
If you would like to buy this report or obtain information about how to become a client, please Contact Us