Automation sales recovering after 40% slump
7 Apr 2010
London – The global automation market is starting to pull out of a slump which saw revenues fall almost 40% in 2009, compared to the previous year, according to ARC’s Automation Index of more than 28 of the world’s leading automation suppliers in all vertical markets.
Looking at Europe, ARC notes that automation markets in the region had experienced years of steady growth up to late 2008, when business collapsed along with the global economy, said ARC, Now, it said, “the market has bottomed and, based on many interviews conducted with manufacturers and automation suppliers, the outlook appears to be cautiously optimistic.
“Fundamental economic data also supports this positive outlook for upcoming quarters. Industrial production and fixed capital formation (CapEX) are already bouncing back and industrial automation will likely follow in mid to late 2010.”
