The OEM market continued to outperform the project market in 1Q26. Sales of core products saw growth acceleration on AI and broader downstream recovery, and we expect momentum to continue based on key companies' order outlooks. Leading local players' share gains continued. 1Q26 sales by product – key FA products all saw growth acceleration: In 1Q26, sales of low-voltage (LV) AC drive, servo, small PLC, mid-large PLC and industrial robots rose 8%, 23%, 14%, 11% and 14% y-y, respectively, vs. 1%, 9%, 8%, 8% a ...

30 April 2026 | 12:56PM HKT Equity Research 1Q26 Robot/Automation Landscape Analyzer: How are market shares shifting? CHINA INDUSTRIAL TECH 1Q26 key observations on the China Industrial Robot & Automation competitive landscape Post MIR's estimated sales data (vs. production data reported by the NBS) as well as our coverage companies' business segment disclosures, we compile our latest landscape analyzer within. n Industrial automation (IA) market growth came in at +1% yoy in 1Q26, with the project/OEM/other ...