Analysis of Development Prospects of China's Instrumentation Industry

A statistical data from the China Instrument and Meter Association indicated that the production and sales of China's instrumentation industry continued to rise after a two-year high growth. Now that there are many people concerned about the instrumentation industry, the support of the national policy is increasing, and it is willing to invest in the development of instrumentation. There are more enterprises, more local governments have set up instrumentation industry development zones, and China's instrumentation industry is entering a new period of development.

China's instrumentation exports have grown rapidly, and import growth has been small. The growth rate of industrial automation instrumentation systems, electronic measuring instruments, testing machines, laboratory analysis instruments, medical instruments, etc. was all above 40%. The growth rate of industrial automation instruments and electronic measuring instruments that had not been exported in the past was as high as 76.9% and 104.5%, respectively. Some products, such as pressure/differential pressure transmitters, semiconductor device testing and communications equipment, precision balances, spectrophotometers, X-ray inspection instruments, etc. have multiplied. In traditional export products, electricity meters, gas meters, optical components, telescopes, microscopes, thermometers, etc. did not increase significantly except for the 65.5% increase in water meters. The increase in imports has dropped to 7.2%. Optical instruments, most electrical instrumentation, and medical instruments have turned negative.

Industrial automation instrumentation and control devices and environmental monitoring and analysis instruments have the fastest growth, and other instruments and instruments will not change their stable growth trend. In the country's implementation of circular economy, environmental protection, emission reduction, high-efficiency, energy saving, "large pressure small" and other policies and measures, thermal power, metallurgy, building materials and other medium-sized devices and "five small businesses" and other demand for instruments will be significantly reduced. The large-scale, complex and new application areas of industrial devices and the demand for their devices will cause domestic companies to face many problems such as product technology level, application adaptability, and entry barriers. Foreign companies have comparative advantages and will have an impact on the market landscape. .