China's demand for instrumentation is booming

In recent years, China’s policy on instrumentation and instrumentation has gradually relaxed. Many large and medium-sized enterprises have begun to integrate effective resources and even prefer to use mergers and acquisitions to expand their own businesses. In addition, with the strong demand from various industries, product quality and functions are also constantly improving and expanding.

In the case of strong demand for products such as instrumentation, laboratory instruments, and analytical instruments, technological progress and product structure adjustments have also become effective soon. Industrial automation systems and instruments, optics, analysis, electronic measurement, testing machines and other scientific instruments and equipment, surveying and mapping equipment, medical equipment, environmental monitoring equipment, weighing instruments, water meters, gas meters and other supply instruments grow faster. In particular, products with higher technological content, such as DCS, intelligent instrumentation, digital surveying and mapping instruments, multi-function power meters and power transmission management systems, and electronic gas meters, are growing rapidly. DCS systems and instruments with independent intellectual property rights have been widely used in thermal power units of 300,000 kilowatts and below, small and medium-sized petrochemical engineering, and public utilities. Domestic DCS systems have also begun to enter 600,000 kilowatts of thermal power units, and independently developed oilfield dual-phase flow measurement. The equipment also successfully entered the Middle East market. According to relevant sources, the world's total control valve market is close to 3 billion U.S. dollars in 2002 and is expected to reach 3.5 billion U.S. dollars by the end of 2007, with an average annual growth rate of 3%.

However, there are also certain industry requirements that are limited by national policies and industry characteristics. Demand Forecast and Price Trends Currently, the domestic production capacity of electrical instrumentation products has been seriously excessive, and the entire industry is in a state of low profit. However, the cost-effectiveness of some high-tech products (such as electronic energy meters, etc.) will have a clear competitive advantage over older products.

Corporate restructuring has played a significant role in accelerating the change in the type of business enterprises through restructuring, restructuring and other related measures, the state-owned enterprises significantly increased sales revenue and profit growth, both double-digit growth, there has been a trend out of the trough, reducing difficulties upward. Compared with previous years, the development momentum of private enterprises has obviously slowed down. The rising trend of foreign-funded enterprises is rapid, with sales revenue and total profits exceeding half of the industry, and asset investment far exceeds state-owned enterprises and private enterprises.