Development of instrument manufacturing slows down

Recently, the global instrument market has become increasingly childish, and the development of the instrument manufacturing industry has slowed down, with little growth. The world instrument industry has entered the pattern of several giants monopolistic competition, and it has become a world-wide phenomenon. China's instrument market is increasing at an annual rate of 14% and 19%. The instrument industry is the third largest industry in the country's industrial automation. China is also the second largest instrument producer in the world after the United States.

Wu Shimin, deputy secretary-general of the Instrumentation Branch of China National Industry Association, predicted at the 2011 China International Industrial Automation Development Forum on the 30th that in the future China's instrument industry may enter the low-growth glass tube level gauge.

At present, the output value of China's instrument industry exceeds trillions, becoming China's second largest industry after the automotive industry. Product variety satisfaction rate and domestic market share exceed 80%. In 2010, the output value of China's instrument industry reached 900 billion yuan. Ranked third in the industry. From a global perspective, China's total instrument output value has surpassed that of the United States and has become the world's largest instrument-producer in the world.

Wu Shimin said that based on the current macroeconomic trends and the adjustment pressures faced by the industry, the growth of Chinese instrument demand will continue to face a slowing trend in the next four to six years, and the growth rate will be adjusted and reduced. However, it is expected that there will still be a modest market demand, and the overall scope of increase in glass resistance thermometers will still be maintained.

Wu Shimin believes that the average growth rate of most products is about 7%-9%. Individual products, such as liquid level meters, may maintain an 11%-16% growth rate, while products that are affected by the cyclical economy may have negative growth.