China’s intelligent equipment industry is growing in 2014

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smartcityChina’s equipment manufacturing is rising in the first half of 2014, according to a recent report from China Center for Information Industry Development (CCID). The value export delivery also is increasing steadily and the intelligent equipment manufacturing is gaining its development momentum. The report also shows that China’s equipment manufacturing will still keep increasing in the second half, intelligent equipment such as industry robots, service robots, 3D printing equipment, and rail transportation equipment, energy saving and environmental friendly equipment industry will grow rapidly.

The report predicts that the equipment manufacturing’s industrial added value will have a 12% slight growth. Automobile, general equipment manufacturing and special equipment manufacturing industry will reach a 15%, 11%, 11% year on year growth respectively.

The report indicates, in the second half of 2014, with the rapid development of the new urbanization and “smart city”, the speeding up of infrastructure construction in railway, subway, highway and water conservancy industry will provide impetus to the development of the equipment manufacturing. Related industries including construction machinery, elevators, urban railway equipment, smart grid, IOT equipment and agricultural machinery will grow faster. Because of the growing labor cost, demand of the structure upgrading and smart home, intelligent equipment, such as industry robots, service robots, 3D printing equipment and wearable equipment will become new growth points. With the “Machine substitution” develops across the whole country, industry robots will grow faster.