U.S. Instruments and Related Products for Measuring, Displaying, and Controlling Industrial Process Variables Market. Analysis and Forecast to 2030
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View PricingU.S.: Measuring Instrument Market 2024
Measuring Instrument Market Size in the U.S.
In 2023, the U.S. measuring instrument market increased by X% to $X, rising for the third consecutive year after two years of decline. The market value increased at an average annual rate of X% over the period from 2013 to 2023; however, the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, the market attained the maximum level in 2023 and is expected to retain growth in the immediate term.
Measuring Instrument Production in the U.S.
In value terms, measuring instrument production declined to $X in 2023. In general, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of X%. As a result, production attained the peak level of $X. From 2019 to 2023, production growth failed to regain momentum.
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Measuring Instrument Exports
Exports from the U.S.
After three years of growth, shipments abroad of instruments and related products for measuring, displaying, and controlling industrial process variables decreased by less than X% to X units in 2023. Overall, exports, however, posted strong growth. The growth pace was the most rapid in 2020 when exports increased by X% against the previous year. The exports peaked at X units in 2022, and then shrank slightly in the following year.
In value terms, measuring instrument exports expanded rapidly to $X in 2023. In general, exports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2022 when exports increased by X%. The exports peaked in 2023 and are likely to see steady growth in the immediate term.
Exports by Country
Canada (X units), Mexico (X units) and Germany (X units) were the main destinations of measuring instrument exports from the United States, with a combined X% share of total exports. China, Japan, the UK, Greece, Brazil, South Korea, Hong Kong SAR, France and Singapore lagged somewhat behind, together accounting for a further X%.
From 2013 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Greece (with a CAGR of X%), while the other leaders experienced more modest paces of growth.
In value terms, Mexico ($X), Canada ($X) and China ($X) constituted the largest markets for measuring instrument exported from the United States worldwide, with a combined X% share of total exports. Germany, Japan, the UK, Singapore, Brazil, South Korea, France, Greece and Hong Kong SAR lagged somewhat behind, together accounting for a further X%.
Greece, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.
Export Prices by Country
In 2023, the average measuring instrument export price amounted to $X per unit, rising by X% against the previous year. Over the period under review, the export price, however, saw a abrupt shrinkage. The pace of growth was the most pronounced in 2019 an increase of X%. Over the period under review, the average export prices hit record highs at $X per unit in 2013; however, from 2014 to 2023, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In 2023, amid the top suppliers, the country with the highest price was Singapore ($X per unit), while the average price for exports to Canada ($X per unit) was amongst the lowest.
From 2013 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Canada (X%), while the prices for the other major destinations experienced a decline.
Measuring Instrument Imports
Imports into the U.S.
After three years of growth, overseas purchases of instruments and related products for measuring, displaying, and controlling industrial process variables decreased by X% to X units in 2023. In general, imports, however, enjoyed a prominent increase. The growth pace was the most rapid in 2020 with an increase of X%. Over the period under review, imports reached the peak figure at X units in 2022, and then fell in the following year.
In value terms, measuring instrument imports totaled $X in 2023. The total import value increased at an average annual rate of X% from 2013 to 2023; however, the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, imports reached the maximum in 2023 and are expected to retain growth in the immediate term.
Imports by Country
Mexico (X units), China (X units) and Japan (X units) were the main suppliers of measuring instrument imports to the United States, together accounting for X% of total imports. Germany, Vietnam, Taiwan (Chinese), Canada, Malaysia, South Korea, Thailand, the UK and Poland lagged somewhat behind, together comprising a further X%.
From 2013 to 2023, the biggest increases were recorded for Vietnam (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.
In value terms, Mexico ($X), Germany ($X) and China ($X) were the largest measuring instrument suppliers to the United States, together comprising X% of total imports. Canada, Japan, the UK, Taiwan (Chinese), Vietnam, Malaysia, South Korea, Poland and Thailand lagged somewhat behind, together accounting for a further X%.
Vietnam, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.
Import Prices by Country
The average measuring instrument import price stood at $X per unit in 2023, with an increase of X% against the previous year. Over the period under review, the import price, however, recorded a deep slump. Over the period under review, average import prices hit record highs at $X per unit in 2014; however, from 2015 to 2023, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Canada ($X per unit), while the price for China ($X per unit) was amongst the lowest.
From 2013 to 2023, the most notable rate of growth in terms of prices was attained by the UK (X%), while the prices for the other major suppliers experienced a decline.
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This report provides an in-depth analysis of the measuring instrument market in the U.S.. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- NAICS 334513 - Instruments and related products manufacturing for measuring, displaying, and controlling industrial process variables
Companies mentioned:
- Emerson Electric Co.
- The Cameron Company
- Fluke Corporation
- Cognex Corporation
- Mks Instruments
- Areva
- Emerson Process Management Power & Water Solutions
- John Zink Company
- Rudolph Technologies
- GE Infrastructure Sensing
- The Lee Company
- Hurco Companies
- Roper Technologies
- Rev-A-Shelf Company
- Mueller Co.
- Harbour Group
- Mueller Group
- Robertshaw Controls Company
- Endress + Hauser Flowtec Ag
- Hexagon Holdings
- Rosemount, Invensys Systems
- Honeywell, Sterling
- Wika Holding
- Epmco Holdings
- Tsb Nuclear Energy USA Group Inc.
- Emersub 14
Country coverage:
- United States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
- Measuring Instrument Price the United States
- Production Measuring Instrument the United States
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