Ten years of investment will eventually return ABB said China is the largest robot market
On October 27th, Ulrich Spiesshofer, CEO of Abb, a Swiss-Swedish multinational company, declared on Thursday that Asia is the world’s largest robot market and that this situation is likely to continue next year. He stated: "ABB is very clear that China is the largest robot market. We have been rewarded for the long-term investment that we started in China more than 10 years ago."
The Chinese government has provided policy priorities for the robot manufacturing industry. In 2015, China announced the China Manufacturing 2025 Plan, with the main goal of promoting high-tech research and development. The government then introduced a robot industry development plan and plans to make China's industrial robots develop rapidly through a five-year project.
ABB's Spiesshofer said: "The idea of ​​becoming a leader in robotics research is not unique to China. The robot market's goal is the same, and I can tell you that there are tremendous opportunities in the robot market all over the world." He claims ABB The investment in the robot market in the United States has also been successful.
Spiesshofer added: "In the United States, we have invested in the robotics field. This is a fairly unlimited and fairly balanced market that will allow us to have tremendous opportunities for forward development." ABB announced its third-quarter profit on Thursday. Many companies also announced their third-quarter profits at the same time. ABB’s sales reached $8.7 billion, which completely exceeded market expectations.
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