Domestic instrumentation market saturation

In the past decade or so, China's instrumentation industry has developed rapidly. China's instrumentation and metering industries have gradually occupied the majority of the domestic market and entered a period of prosperous development.
Industry analysts once pointed out that: In recent years, China's instrumentation industry has developed rapidly. In 2010, the scale of production and sales of China's instrumentation industry exceeded 500 billion yuan for the first time. Accompanied by the development of increasingly fierce market competition, it has entered a relatively saturated stage.
The high-end market for China's instrumentation relies heavily on imports: On the one hand, the domestic market tends to be saturated; on the other hand, the overall technical level of the industry is not as strong as that of developed countries, and the domestic instrumentation industry lacks scientific and technological content, lacks innovative capacity, and instrumentation. The reliability and stability of the automation system are far from those of foreign products, leading to 100% dependence on imports for many imported high-end measuring instruments.
According to statistics, the value of advanced equipment and equipment imported from abroad each year is nearly 600 billion yuan, of which high-end scientific instruments and medical equipment total about 100 billion yuan, and the annual growth rate is about 30%. This has further triggered the overcapacity of the instrument and meter industry as a whole, resulting in little profit.
Under the background of relative saturation of the market and fierce competition, instrument and instrument companies have introduced measures to improve their industrial competitiveness. First, enterprises should step up efforts to adjust production methods, formulate strict production standards, improve the current chaotic situation, and create a good market environment. Second, companies must take the road of innovation, learn advanced foreign technologies, strengthen technical support, and shorten them as soon as possible. The gap between high-end foreign products competes for the domestic high-end market. Third, talents should be emphasized, high-end technical talents should be introduced, and the use of high-end talents should be used to enhance the level of scientific and technological R&D of the entire industry.
According to the 2013-2017 China Special Instrument Market Analysis and Investment Prospects Report published by Champion Consulting, it shows that although China's instrumentation business has achieved certain development in recent years, the phenomenon of unreasonable structure is still serious. Although the future market development potential of electrical instrumentation products is relatively large, in the current market environment, competition is becoming more intense and the market tends to be saturated. This is also the future trend of China's electrical instrumentation industry. Related companies must recognize the current industry trends and actively seek new outlets in relatively saturated markets.

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