The industrial added value of the instrumentation industry continues to grow

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

According to data from the National Bureau of Statistics, from 2012 to 2020, the industrial added value of my country's instrument and meter manufacturing industry has shown a trend of year-on-year growth. In 2019, its industrial added value increased by 10.5%. From January to August 2020, the industry gradually recovered after the epidemic was effectively controlled, and the growth rate of its industrial added value has returned to the level of 1.5%.

Mainly on industrial control devices

From the perspective of changes in the operating income of enterprises above the designated size of instrumentation, from 2016 to 2018, the operating income of the industry has declined year by year, and has rebounded in 2019, reaching 724.3 billion yuan, an increase of 5.5% over 2018. From January to August 2020, the industry's operating income reached 435.4 billion yuan, an increase of 0.4% over the same period in 2019.

From the perspective of market segments, in 2019, the highest market share in the instrument and meter manufacturing industry is industrial automatic control system devices, which have a market share of approximately 34.68%; followed by optical instruments and electrical instruments and meters, which have market share. They are 11.50% and 9.64% respectively.

Price operation is relatively stable

According to the China Hardware & Electrical Index, from 2016 to September 30, 2020, my country's instrument and meter prices were relatively stable, and their price indexes fluctuated between 108 and 112. On September 30, 2020, my country's instrument and meter price index was 109.91.