Inovance's revenue in 2023 will be 30.420 billion, successfully surpassing Festo, which ranks 8th among the world's top 50 automation companies.
The data shows that Inovance's revenue in 2023 will be 30.420 billion, up 32% year-on-year. This is also the 20th anniversary of Inovance's establishment that revenue and profit have reached a new high.
According to the 2022 list of the world's top 50 automation companies released by the American magazine "Control", the total sales of the top 50 companies on the list are 143.08 billion US dollars, an increase of 7.4% from 133.2 billion US dollars in 2021, and the threshold for the top 50 is 762 million US dollars. Siemens continues to lead the list, accounting for more than 10% of total sales (only the companies on the list, the same below), the top three companies in the list account for nearly 30% of total sales, and the top 10 companies in the list account for more than 50% of total sales.
Among them, Festo, which ranked eighth, had a revenue of US$4.038 billion, equivalent to RMB 29.2589 billion (at the latest exchange rate of 7.2459), and AMETEK, which ranked seventh, had a revenue of US$4.229 billion, equivalent to RMB (at the latest exchange rate of 7.2459) of RMB 30.6429 billion. Judging from the data alone, Inovance's technology has successfully surpassed Festo and almost equaled AMETEK, and Inovance is undoubtedly successful among many domestic automation companies.
With the continuous expansion of the overseas layout of domestic industrial control enterprises, the revenue is expected to continue to increase. In general, with the support of policies, the progress of technology and the increase in market demand, the domestic industrial control industry will continue to maintain a rapid development trend, and more and more domestic brands will rise.
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