Barclays: China Automation — Western OEMs Face Another Quarter of Share Pressure (Siemens, Schneider Electric, ABB)
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Key Views
- Figure 1 charts quarterly year-over-year changes in the China automation components market.
- Two system-level exhibits (Figures 2–3) track segment trends within the same quarterly framework.
- A low-voltage drive exhibit (Figure 5) extends the product-level coverage.
- Figure 6 provides a Barclays comparison across Siemens/Schneider Electric and ABB.
- Reference closing prices of EUR 300.60 and EUR 273.20 were recorded on 6 August 2026 (Figures 7–8); the summary does not attribute them to specific companies.
Outlook
The report's framing points to sustained share pressure on Western automation OEMs in China for at least another quarter. The available summary material contains no explicit ratings, target prices or company-level earnings forecasts.
Key exhibits
Exhibit 1
Exhibit 2
Exhibit 3
Exhibit 4
Exhibit 5
Exhibit 6
Exhibit 7
