Market Share of China Factory Automation and Industrial Controls Industry
The China Factory Automation and Industrial Control Market are moderately consolidated, with the presence of a few prominent companies. The companies continuously invest in strategic partnerships and product developments to gain more market share. Some of the recent developments in the market are:
- July 2022 - Honeywell announced that Honeywell Ventures, its venture arm that invests USD 198M in early-stage, high-growth companies with emerging and disruptive technologies, has contributed to Electric Hydrogen's Series B round financing. The funding will support the scale-up of EH2's high throughput electrolyzer and manufacturing technology and the deployment of pilot projects at a large scale for industrial and infrastructure applications.
- May 2021 - Emerson announced the PACEdge industrial edge platform, which allows customers to efficiently construct and scale-up performance-improving applications to assist manufacturers in speeding digital transformation projects. The PACEdge platform makes application creation easier by combining open-source technologies into a versatile, integrated, and secure platform for using machine data.
- April 2021 - Youibot, a start-up company that makes industrial robots, closed an investment of USD 15.47 million in the funding round led by SoftBank Ventures Asia alongside others. The company generates 80% of its annual revenue in China and has plans to spend the raised funds on research and development.
China Factory Automation & Industrial Controls Market Leaders
Schneider Electric SE
Honeywell International Inc.
ABB Ltd.
Rockwell Automation, Inc.
Emerson Electric Company
*Disclaimer: Major Players sorted in no particular order
