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Taiwan's machinery and equipment market is a major force in Asia, boasting a strong export presence and a projected market size of US$37.77 billion in 2023. This market is known for its diverse range of products, including machine tools, robotics, and automation solutions.
The Taiwan government plays a significant role in driving the machinery and equipment market through its procurement activities. Government agencies are major buyers of advanced machinery, supporting innovation and technological advancement within the sector.
The government primarily procures machinery and equipment for infrastructure development, energy production, and manufacturing sectors. Some of the most sought-after products and services include:
Machine tools for metalworking and fabrication
Robotics and automation solutions for industrial processes
Construction equipment for infrastructure projects
Power generation and transmission equipment
Medical and scientific instruments
The Ministry of Economic Affairs (MOEA) and its subsidiaries, such as the Industrial Development Bureau (IDB) and the Bureau of Standards, Metrology and Inspection (BSMI), are the primary authorities responsible for government procurement of machinery and equipment.
Leading Taiwanese companies like Tongtai Machine & Tool, Yieh United Steel Corp., and Chunghwa Picture Tubes Ltd. are consistently ranked among the top winners of government procurement contracts. These companies demonstrate expertise and competitive pricing, making them preferred suppliers for the government.
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