Hydrocarbon Processing Copying and distributing are prohibited without permission of the publisher
Email a friend
  • Please enter a maximum of 5 recipients. Use ; to separate more than one email address.



China remains one of the largest PLC markets with sustainable growth

03.18.2011  | 

According to Jason Dong, GM of ARC Advisory Group China, “China’s economy was the first in the world to recover and will continue its robust growth at sustainable levels for years to come.”

Keywords:

According to Jason Dong, GM of ARC Advisory Group China, “China’s economy was the first in the world to recover and will continue its robust growth at sustainable levels for years to come.”  He continues, “Given the favorable business environment for the automation market, it is clear that the prospects for PLC and PLC-based PACs are beginning to brighten.  We expect the shipments to recover much of its decline in 2008 by the end of 2010.” 
 
Because PLCs are the automation system of choice in many industrial verticals, China’s economic expansion is spurring above average PLC growth in the process, hybrid, and discrete manufacturing segments.  According to the principal author of ARC’s study, Lorry Zhong (lzhong@arcweb.com), “The PLC market will grow at a rate slightly above the GDP growth year-over-year during the forecast period of the study.  This growth is driven by the huge government stimulus, domestic demand, increasing global needs, and buoyant FDI.  Suppliers should closely watch the results of China’s stimulus programs, however, and respond appropriately if they overheat the economy.” 



Have your say
  • All comments are subject to editorial review.
    All fields are compulsory.

Related articles

FEATURED EVENT

GasPro North America

Sign-up for the Free Daily HP Enewsletter!

Boxscore Database

A searchable database of project activity in the global hydrocarbon processing industry

Poll

Should the US allow exports of crude oil? (At present, US companies can export refined products derived from crude but not the raw crude itself.)


68%

32%




View previous results

Popular Searches

Please read our Term and Conditions and Privacy Policy before using the site. All material subject to strictly enforced copyright laws.
© 2014 Hydrocarbon Processing. © 2014 Gulf Publishing Company.