1. The industrial added value of China’s instrumentation industry continues to grow
Instrumentation is an instrument or equipment used to detect, measure, observe, and calculate various physical quantities, material components, physical parameters, etc. According to the latest “National Economic Classification” released in 2017, the instruments and meters in the instrumentation manufacturing industry mainly include optical instruments, electrical instruments and meters, industrial automatic control system devices, transportation equipment and production counting instruments, etc.
Instrumentation industry classification
According to the data from the National Bureau of Statistics, from 2012 to 2020, the industrial added value of my country’s instrumentation manufacturing industry showed a trend of increasing year by year. In 2019, the growth rate of its industrial added value reached 10.5%. From January to August 2020, after the epidemic was effectively controlled, the industry gradually recovered, and the growth rate of its industrial added value has returned to the level of 1.5%.
Changes in the year-on-year growth rate of industrial added value in China’s instrumentation manufacturing industry from 2012 to the first eight months of 2020.
2. Mainly based on industrial control devices
From the perspective of changes in the operating income of enterprises above the scale of instrumentation, from 2016 to 2018, the operating income of the industry decreased year by year, and rebounded in 2019, reaching 724.3 billion yuan, an increase of 5.5% over 2018. From January to October 2020, the industry’s operating income reached 577.1 billion yuan, an increase of 2.7% over the same period in 2019.
Statistics and growth of operating income of Chinese instrumentation enterprises above designated size in the first 10 months of 2016-2020.
From the perspective of market segments, in 2019, the industrial automatic control system device has the highest market share in the instrumentation manufacturing industry, with a market share of about 34.68%; followed by optical instruments and electrical instruments, with its market share were 11.50% and 9.64%, respectively.
Statistics of market share of China’s instrumentation manufacturing industry in 2019.
3. The price operation is relatively stable
According to the disclosure of China Hardware and Electromechanical Index, from September 30, 2016 to 2020, the price of instrumentation in my country was relatively stable, and its price index fluctuated between 108-112. On September 30, 2020, my country’s instrument price index was 109.91.
For more research and analysis of this industry, please refer to the “Foresight and Investment Strategic Planning Analysis Report of China’s Special Instrumentation Industry” by the Qianzhan Industry Research Institute. At the same time, the Qianzhan Industry Research Institute also provides industrial big data, industrial planning, industrial declaration, industrial park planning, Investment promotion and other solutions.
The market demand for electrical instruments is growing, and the development of high-end products is a top priority.
In recent years, benefiting from favorable policies such as the development of my country’s power industry, urban and rural power grid transformation and smart grid construction, electrical instrumentation has become one of the fastest growing sub-sectors in my country’s instrumentation industry.
Electrical instrumentation products include electric energy meters, digital instruments, recording instruments, AC and DC instruments, magnetic measuring instruments, power transmitters, power monitoring instruments and systems, calibration devices, power supply devices, power metering management and power load control systems, non- Electricity measuring instruments and systems, etc.
The service scope of electrical instrumentation involves various fields of national economy and national defense construction. The scope of application involves electric power, metallurgy, transportation, mining, petrochemical, light industrial machinery and other industries, as well as education, scientific experiments, military engineering, medical and health, environmental protection, standard measurement and other fields. It is an extremely important branch of the instrumentation industry.
The downstream market is developing rapidly, and the market demand for electrical instruments is “rising”.
In recent years, as the country’s demand for clean new energy such as nuclear power, hydropower, solar energy, and wind energy continues to expand, the development of new energy and new industries has brought opportunities for the development of electrical instruments. Taking a solar photovoltaic power station as an example, a variety of instruments and meters such as DC multi-function meters and harmonic meters are required.
According to the data of the Prospective Industry Research Institute, the annual installed capacity of photovoltaics in my country will reach 5,000MW in 2020, and the cumulative installed capacity will be 28,500MW. The annual demand for special electrical instruments will reach 840,000 units, and the cumulative market capacity will reach 34.26 million units. Ushered in explosive growth.
Driven by the development of the downstream market, the demand for electrical instruments and meters continues to increase, and the output of electrical instruments and meters continues to grow. Data show that in 2019, the national output of electrical instruments and meters reached 287.53 million units, an increase of 30.03% over 2018.
The production capacity and technology of low-end and mid-end products are both improved, and the high-end products are insufficient.
After decades of development, my country’s electrical instrumentation industry has formed a global-scale industrial cluster, with a high degree of marketization, a large number of companies in the industry, and a large number of high-tech products with high standards and a high starting point. Products generally meet international standards. At the same time, the concentration of enterprises has been continuously improved, the scale has been continuously expanded, and the core competitiveness has been continuously enhanced, and product exports have radiated to dozens of countries.
In terms of low-end products, the production capacity and production technology of electrical instruments in my country have reached a very high level, but the development of high-end products is still insufficient, and there is still a certain gap with the technical level of products in advanced countries, which means that my country’s electrical instruments There is a huge market development potential in the instrument industry.
With the changes in the global electrical instrumentation industry pattern, my country, as a major producer of electrical instrumentation in the world, has increased its product exports year by year, and its export areas have continued to expand. No matter in terms of technology, quality or production capacity, it can fully participate in the competition in the international market.
But on the whole, there is still a certain gap between my country’s electrical instrumentation and the world’s advanced technology level. Only by providing strong support in terms of policies and funds, using new technologies as a platform, and building a world-class Chinese electrical instrumentation industry with a high starting point and high standards, can we narrow the gap with the world’s advanced level and participate in the global high-end market competition.
The 9th lecture of the third phase of “IMAC Intelligent Manufacturing Cloud Classroom”, focusing on the innovation and exploration of intelligent manufacturing practice in the instrumentation industry.
On December 13, 2020, the ninth lecture of the third phase of the “IMAC Intelligent Manufacturing Cloud Classroom” organized by the Intelligent Manufacturing Association of China Association for Science and Technology (IMAC) was broadcast lively. In this lecture, Mr. Zhang Haodong, the chief designer of Chongqing Chuanyi Automation Co., Ltd. the chief engineer of Chuanyi Software Co., Ltd. and the architect of industrial Internet system solutions, brought the theme of “Industry “Intelligence” to Empower Industrial Digitalization-Intelligent Manufacturing A wonderful lecture on Practical Innovation and Exploration. This course has received enthusiastic and extensive attention from the audience, with more than 3,800 people watching.
Post time: Nov-21-2022