Growing Confidence Seen at Technology Exhibitions Week 2010
Jun 8, 2010
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Principal branches of the industry exhibiting at the 2010 Technology Exhibitions Week released figures during the expo that pointed to early signs of an upswing in these markets.
TEW included three events: BIAS - Biennial International Automation, Instrumentation, Microelectronics and ICT for Industry Exhibition; Fluidtrans Compomac - Biennial International Fluid Power Transmission and Mechatronics Exhibition; and Mechanical Power Transmission & Motion Control, Biennial International Mechanical Transmissions, Motion Control and Mechatronics Exhibition.
Particularly encouraging signs were reported by Anie-Assoautomazione (Italian Automation and Measurement Association) and Assofluid (Italian Association of Manufacturing and Trading Companies in Fluid Power Equipment and Components). Following a sharp market drop in 2009 that nosed down anywhere between 40% and 50%, figures for fluid power in the first quarter of 2010 were bound to be flattering and show a double-digit upturn in sales and an even sharper rise in orders, according to Assofluid. Domestic production in the first quarter in hydraulics grew 16% and orders jumped 117.4%. Pneumatics production grew 44.1% and orders jumped 68.5%.
Assofluid said prospects for 2010 are markedly better than 2009, although it remains difficult to forecast rates of growth. Current data points to domestic growth driven by exports both in terms of sales and orders, while the domestic market is still resisting growth.
According to Assoautomazione, first quarter results pointed to an increase in sales of components and systems. Automated products designed for machinery packaging posted stronger growth. Heavy industry, metal works, and machine tools are lagging.
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