Energy efficiency has been the biggest driving force for the demand for power equipment in industrial automation. This has been brought on by the demand for more sophisticated machine control and strict energy regulations pertaining to motor efficiency. In the recent past, the trade of industrial automation equipment has been rather weak owing to fluctuating economic conditions in Europe as well as China. However, the strengthening of these economies coupled with major technological innovations in industrial automation is likely to spur the demand for power equipment. The development of autonomous robots and the shift from mechanical to electrical equipment have brought about a transition in the automatic factory, solidifying the performance of various sectors, including oil and gas, power generation, tobacco, and food and beverages.
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