Rapid Expansion: Promising Instrumentation Market

Hits:Updated:2020-04-03 09:04:29【Print】

The analysis and control methods and equipment, instrumentation products cover all areas of human activities. With the widespread application of new technologies such as biochip technology, sensors, electronic design automation, and digital signal processing, the application areas of instrumentation will also be Get more rapid expansion. After decades of development, China's instrumentation industry has formed an industrial system with relatively complete product categories, a certain production scale and development capabilities, and has a certain competitive advantage in the fields of electrical instrumentation, industrial measurement and scientific testing instruments. A number of enterprises with international competitiveness have been born, and China has become a major producer and exporter of electric meters, microscopes, thermometers, pressure gauges and other products.
In recent years, the market scale of China's instrumentation industry has achieved rapid expansion. According to the data of "China's Special Instrumentation Industry Plan Analysis Report", it reached 722.327 billion yuan in 2011, a year-on-year increase of 21.41%. In 2012, the market size of China's instrumentation industry contracted year-on-year, to 653.330 billion yuan, a year-on-year decrease of 9.55%. Since 2013, the sales of products in China's instrumentation industry have clearly rebounded. By 2015, China's instrumentation industry sales revenue was 870.33 billion yuan, an increase of 6.32% year-on-year.
In China's various instrumentation industry segments, large foreign companies dominate the high-end product market, but Chinese companies have certain advantages in certain segmented product areas. At present, multinational companies such as Thermo Fisher and Shimadzu dominate the Chinese high-end instrument market. At the same time, Tianrui Instruments and Xianhe Environmental Protection have huge advantages in segmented fields such as elemental analysis instruments and environmental monitoring instruments.
In recent years, although China's instrumentation industry has developed rapidly, the gap with foreign countries is still large, mainly reflected in the slow progress in technological innovation and industrialization; the lack of key core technologies, and the unusually low-level repeatability; product stability and Reliability has not been fundamentally resolved for a long time; a large number of imports have caused a large adverse impact on industrial development.
In the next five years, the industry's production and sales value will reach or approach 1 trillion yuan, with an average annual growth rate of 15% and a cumulative increase of more than 75%. The total profit of the entire industry will reach 71.3 billion yuan, with an average annual growth rate of 13%; the main income profit rate will reach 8.5% -9%, and the total assets will reach 870 billion yuan. At the same time, the industry's export value will exceed 30 billion US dollars, and the export growth rate will be Greater than the increase in imports, of which the export proportion of local enterprises will be greater than 50%.
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