Linking demand with manufacturing industry, continuous expansion of a billion dollar market

The industrial control industry is closely related to demand and manufacturing, and is closely related to macroeconomic operations. The industrial control industry is an upstream industry in the manufacturing industry, and its revenue growth is driven by investment activities in the manufacturing industry, with strong pro cyclical characteristics. From the overall market perspective, the industrial automation market is strongly correlated with the added value of manufacturing equipment, with peaks and valleys relatively consistent, and is closely related to industrial investment activities and economic fluctuations. For example, from 2008 to 2011, after the financial crisis, the domestic GDP growth rate began to recover, and the overall industrial control market maintained a relatively high growth rate; In 2012, economic growth began to slow down, with oversupply on the supply side and equipment investment growth in a relatively low range; In 2016, supply side reform cleared overcapacity and equipment growth rate slightly recovered.