Automation electronics equipment market to exceed expectations in 2010

Results from a brand new service published by IMS Research indicate a strong first quarter performance for the industrial automation electronics equipment market in 2010. First-quarter 2010 revenue growth will likely have been 25 percent over that of first quarter 2009. Robust order books developed through both restocking efforts and new orders are expected to lead to a similarly strong second quarter in 2010. Based on a healthy anticipated first half of 2010, even a flat second half will result in close to double-digit revenue growth for most product areas.

During the economic downturn the market for industrial automation electronics equipment (excluding software and services) was estimated to have declined 14.3% in terms of revenues, from $87.4 billion in 2008 to $74.9 billion in 2009, a decrease of $12.5 billion. In general, the recovery is forecast to be gradual in nature, with sustainability of growth beyond restocking a matter of uncertainty. Ongoing industrialization in emerging markets and a sustained recovery in developed markets continue to provide growth opportunities.

This new service includes quarterly updates providing subscribers with an up-to-date picture of the changing outlook of this diverse sector. Adrian Lloyd, IMS Research executive vice president, a co-author of this report, said, “This is the first time we’ve consolidated top-level findings from our entire automation portfolio into a single report. It’s quite astounding to see the size of collective revenues accounted for by this market.”

The service contains detailed annual market share estimates, highlighting the leading vendors of automation electronics equipment both globally and regionally. Read the full article here.

About IMS Research
IMS Research is a supplier of market research and consultancy services on a wide range of global electronics markets. The company headquarters is in Wellingborough, U.K., with offices in Austin, Texas, and Shanghai, China.