BIZCHINA / Biz Media Digest

Machinery: Converting producers
(China Daily)
Updated: 2006-07-06 15:07

German industrial giant Siemens and Swiss automation and technology firm ABB were voted the top two converter brands in China in a survey of converter users conducted by Machinery and Electronic Product Market, a leading trade journal about the electronics industry.

Due to their relatively low brand recognitions among customers, domestically made converters only command 20 to 25 per cent of the local market.

This is forecast to grow to a 120 billion yuan (US$15 billion) to 180 billion yuan (US$22.5 billion) market in the next 10 years, the survey found.


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