Instruments and meters belong to the machinery and equipment industry, which is an important tool for the development of science and technology, with automatic control, alarm, signal transmission and data processing functions. Instruments are widely used in industry, agriculture, transportation, science and technology, environmental protection, national defense, culture, education and health.
As a basic and strategic industry of China\'s national economy, instrument industry has a large investment of capital, technology and talents. With the rapid development of China\'s national economy and the rapid growth of high-tech industry, instrument industry of China has maintained a relatively good growth trend in recent years, and has become one of the countries with the largest industry scale in the world, as well as the country with the largest instrument industry scale and the most complete product varieties among developing countries.
According to data from the Shanghai Instrument and Meter Industry Association, the overall revenue of China instrument and meter industry fell briefly after reaching a peak in 2017, and it is now on a gradual upward trend. In 2021, the main business income of instrument industry is 140021.54 million USD, with a year-on-year growth of 15.90%. It is expected that the main business income of China\'s instrument industry will reach 142003.08 million USD in 2023.
Source: Shanghai Instrument Industry Association, Market Monitor Co., Limited
In terms of the market structure of the instrument industry, the automation instrument manufacturing industry ranks the first in the main revenue of the instrument sub-industry. In 2020, the operating revenue reached 43533.85 million USD, a year-on-year growth of 5.50%, accounting for 36.9% of the overall market structure. Optical instrument manufacturing and electrical instrument manufacturing ranked second and third, with operating revenue of 12606.15 million USD and 12326.15 USD yuan respectively, accounting for more than 10% of the market.
Source: Shanghai Instrument Industry Association, Market Monitor Co., Limited
For a long time, key industries of China, such as nuclear power, energy and petrochemical, have mainly imported instruments. Every year, China imports nearly US $100 billion of high-end products from abroad, posing a high risk of supply interruption. Despite the rapid development of China instrument industry, the supply capacity of high-end products is still lacking, and domestic products are mainly medium and low-end products. In recent years, China has introduced a lot of industrial policies related to the instrument industry and related application fields. With the support of these policies, the localization process of China\'s local instruments and instruments has been accelerated.
In the future, instruments will be miniaturized, multi-functional, artificial intelligence, networking and other directions to meet the application needs of different fields and promote the development of all walks of life.
We provide more professional and intelligent market reports to complement your business decisions.
Chinese