The added value of China's instrument industry is growing continuously

 

Instruments and meters are used to detect, measure, observe, calculate various physical quantities, material composition, physical parameters and other appliances or equipment.  According to the latest National Industries Classification released in 2017, the instruments in the instrument manufacturing industry mainly include optical instruments, electrical instruments, industrial automatic control system devices, transportation equipment and production counting instruments, etc. 

 

1. Instrumentation industry classification

According to the data disclosed by the National Bureau of Statistics, the industrial added value of China's instrument manufacturing industry shows a trend of increasing year by year from 2012 to 2020. In 2019, the growth rate of its industrial added value will reach 10.5%.  From January to August 2020, after the pandemic has been effectively controlled, the industry has gradually recovered, and the growth rate of industrial added value has returned to the level of 1.5%. 

2. Dominated by industrial control devices 

Seen from the change of business income of Enterprises above the scale of instruments and meters, from 2016 to 2018, the business income of the industry decreased year by year, and rebounded in 2019, reaching RMB 724.3 billion, an increase of 5.5% compared with 2018. From January to October 2020, the industry's operating revenue reached RMB 577.1 billion, an increase of 2.7% over the same period in 2019. 

Seen from the market segmentation, the industrial automatic control system devices account for the highest market share in the instrument manufacturing industry in 2019, with a market share of about 34.68%; The second is optical instrument and electrical instrument, whose market share is 11.50% and 9.64% respectively.