Investment Rating - The report does not provide a specific investment rating for the factory automation control industry Core Insights - The factory automation control industry in China is crucial for upgrading the manufacturing sector from low-end to mid-high end, with significant market potential driven by rising labor costs and declining workforce participation [4][31] - The industry is expected to grow steadily, with a projected compound annual growth rate (CAGR) of 10.7% from 2023 to 2028, reaching a market size of 447.6 billion yuan by 2028 [4][31] - Domestic manufacturers are increasingly gaining market share, with notable companies like Inovance Technology and Zhongkong Technology leading the charge in technological innovation and product acceptance [4][32] Industry Definition - Factory automation control refers to the application of automation technology in mechanical manufacturing processes to enhance production efficiency and quality while reducing labor reliance [5] Industry Classification - The factory automation control industry can be categorized into OEM-driven (equipment manufacturers) and project-driven (end-user driven) markets [6] Industry Characteristics - The industry exhibits significant cyclicality, with a typical cycle lasting 3-4 years, currently at the bottom of the fourth cycle, with expectations for a new cycle to begin in 2024 [9][10] - There is a notable trend towards domestic substitution, with local manufacturers rapidly advancing in technology and market share [11][12] Industry Development History - The factory automation control industry has evolved through three stages: the nascent stage (1950-1960), the initiation stage (1961-2000), and the rapid development stage (2001-2024), currently in the latter phase [13][14][16] Industry Chain Analysis - The upstream of the industry includes raw materials and components such as electronic components and power electronic devices, with key players like Qualcomm and HiSilicon [17][21] - The midstream consists of industrial automation manufacturers, with leading companies including Inovance Technology and Yaskawa Electric [23][24] - The downstream applications are diverse, with significant market shares in sectors like chemicals, petrochemicals, and electricity [29][28] Market Size - The market size of the factory automation control industry grew from 183 billion yuan in 2018 to 269.4 billion yuan in 2023, with a CAGR of 8.04% [31][32] Policy Overview - Various policies have been implemented to support the development of the factory automation control industry, focusing on advanced manufacturing and energy efficiency [36][37][38] Competitive Landscape - The global competitive landscape shows that while China is a technology follower, it has made significant strides in the mid-low end of the factory automation control market, with domestic companies like Inovance Technology gaining substantial market share [42][45]
企业竞争图谱：2024年工厂自动化控制行业 头豹词条报告系列
Tou Bao Yan Jiu Yuan·2024-05-30 12:00