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US OEMS top industrial, medical electronics market

Posted: 23 Sep 2008     Print Version  Bookmark and Share

Keywords:industrial  medical electronics  OEM 

US OEMs accounted for half of the Rs.2,258,057.03 crore ($525 billion) total world market for industrial and medical electronics in 2007, according to a report by Publications. The top three vendors who figured in the report are all US-owned companies—namely, Caterpillar, Deere & Co and United Technologies. Applied Materials, GE and Medtronic also featured in the top ten. All six are global leaders in their respective fields, hence their dominance are unlikely to weaken any time soon, analyses

While many often think of Europe and Japan as powerhouses in the industrial and medical electronics sector, European and Japanese OEMs account for under 30 per cent and 20 per cent of the total market respectively. Siemens is unsurprisingly ranked as the largest European OEM in the analysis, while Komatsu emerges as the leading Japanese supplier.

Following US, European and Japanese OEMs, Korean manufacturers come together to take fourth place, led by suppliers such as Hyundai and Doosan Infracore. However with a share of less than 2 per cent of the global market, it will take a lot of work, or a seismic shift, for the Koreans to take on the established order.

This brings the spotlight back to China. As a country that has dominated headlines for much of the last decade, the impact so far of Chinese OEMs on the world industrial and medical electronics market has been somewhat limited, with companies like Goldwind and Sinovel still having relatively low brand recognition.

Overall, Chinese OEMs are estimated to have supplied less than 1 per cent of the market in 2007, reinforcing the conclusion that they have a long way to go before emerging as a major force on the world stage.

However Colin Barnden, the principal analyst and author of the study urged a word of caution, adding "One need only consider the dramatic impact that Huawei Technologies has had on the telecommunications market to realise that it would be a mistake to underestimate the Chinese over the long term."

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