China: Industrial Control Product Market to Grow 13.6% Annually to 2015

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According to the report “Industrial Controls in China: Industry forecasts for 2015 & 2020” available at http://www.reportbuyer.com/go/FED00499 the market for industrial controls in China is predicted to grow 13.6% annually to 2015 hitting ¥259 billion. Gains will be supported by increases in durable goods output, as well as by increased investment in key industries such as chemicals, utilities and construction. Demand growth will also be helped by continuing product development and technological advances in solid-state controls that will enable end users to improve their productivity. However, gains will be restrained by competition from personal computers programmed to perform control-related functions.

Shipments of industrial controls from facilities in China are projected to rise 13.4% annually to 2015 to ¥269 billion, with net exports expanding to ¥9.8 billion. Shipment growth will be fuelled mainly by strong increases in domestic demand, although exports will also expand as Chinese products become more competitive in international markets.

Read more about the report “Industrial Controls in China: Industry forecasts for 2015 & 2020” is available from Report Buyer at:http://www.reportbuyer.com/industry_manufacturing/machinery/industrial_machinery/industrial_controls_china.html

Reportbuyer.com Product Code: FED00499

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