There is a wide range of subdivided industry instruments

PCI-6230 Precision instrument industry is mainly divided into industrial automation measurement and control instruments and system information measuring and electrical measuring instruments, scientific testing and analysis instruments, all kinds of special testing and measuring instruments. Among them, industrial automation measurement and control instruments and systems include control systems, servo actuators, temperature/pressure/flow detection instruments, etc.; Information measuring and electrical measuring instruments include electronic measuring instruments, geometric measuring instruments, etc.; Scientific testing and analysis instruments include experimental analysis instruments, testing machines, optical instruments and other special testing and measuring instruments, including instruments for supply, special instruments for environmental monitoring, and special instruments for navigation, mapping, meteorology and ocean.

PCI-6230 The localization rate of industrial automation needs to be improved

Industrial automation equipment is the main type of equipment in precision instruments, and the control layer is the “command” to achieve industrial automation, the main function is to control the motion position, attitude and trajectory operation sequence of automation equipment in the work space, mainly including PLC, DCS, GMC, SCADA, of which PLC is the most widely used. As the core basic technology. The localization rate of high-end products is low, and domestic brands are concentrated in the low-end market. At present, foreign enterprises highly monopolize China’s large and high-end PLC market, and domestic brands occupy a place in the small PLC market.

According to the National high-tech Entrepreneurship Center data show that in 2021, among industrial automation control products, PLC localization rate is the lowest, only 6.8%. At present, foreign enterprises highly monopolize China’s large and high-end PLC market, and domestic brands occupy a place in the small PLC market.

Note: As of January 4, 2024, the data is collected at the end of 2021, and the latest data is not available.

PCI-6230 Electronic measuring instruments have developed rapidly in recent years

Information measuring and electrical measuring instruments mainly include electronic measuring instruments and geometric measuring instruments. Electronic measuring instruments are more common in commercial applications, including oscilloscopes, radio-frequency instruments, waveform generators, power supplies, and electronic loads. In recent years, the support of policies and the continuous development of downstream application markets have promoted the development of China’s electronic measuring instrument industry. According to Frost&Sullivan data, the market size of China’s electronic measuring instrument industry has increased from 2.629 billion US dollars in 2015 to 5 billion US dollars in 2021. $5.3 billion in 2022.

The scale of experimental analytical instruments has steadily increased

PCI-6230 As an important part of precision instruments, analytical instruments are indispensable test tools in the field of inspection and development in various industries. Its application field is very wide, covering China’s industry, agriculture, food, medicine and health, transportation, scientific research, environmental protection, aerospace and other aspects, in the national economic construction of various industries in the operation of the gatekeeper and director of the task. With the development of China’s national economy and science and technology, as well as the implementation of various regulations in the industry, China’s market demand for laboratory analytical instruments is constantly rising.

PCI-6230 According to the data of Shanghai Instrument Industry Association, from 2019 to 2021, the main income and total profit scale of China’s experimental analytical instrument enterprises in the past three years increased year by year, and the industry’s operating efficiency was good. In 2021, the main income of experimental analytical instrument manufacturing reached 34.65 billion yuan, accounting for about 3.8% of the total income of instrument manufacturing. According to the National Bureau of Statistics data, in 2022, China’s instrument manufacturing operating income reached 983.54 billion yuan, the total profit of 101.76 billion yuan, preliminary estimates, 2022 experimental analytical instrument revenue and profit of 36.4 billion yuan and 6.1 billion yuan.

Environmental monitoring instruments usher in a period of demand growth

Environmental monitoring is an important means to improve environmental quality and solve environmental problems. In recent years, with the fine development of environmental monitoring, the demand for precision instruments has been increasing. According to the statistics of the China Environmental Protection Industry Association, the sales volume and growth rate of environmental monitoring products in China from 2016 to 2021 are on the rise, and in 2020, affected by external environmental factors, the operating rate, working hours, completion rate and other indicators of environmental protection projects are adversely affected, but the market size remains at a high level. In 2022, China’s representative enterprises sold more than 217,000 environmental monitoring instruments, an increase of 17%.