China's instrument market needs to develop on the high end

In recent years, the instrumentation industry has shown a trend of rapid development. A statistical data from the China Instrument and Meter Association indicated that the production and sales of China's instrumentation industry continued to rise after rising at a high rate of two years. In the first half of 2007, the total output value of China's instrumentation industry was 133.5 billion yuan, an increase of 29.1% year-on-year; the sales revenue of products was 1289. Billion yuan, a year-on-year increase of 30.7%, all at historically high levels; profits increased by more than 40% year-on-year, total assets increased by about 18% year-on-year, and the industry as a whole is in a healthy development phase.

The market share of the middle and low-end electrical instrument products reaches 95%. The domestic market share of high-end products and the foreign market share of medium and low-end products have greatly improved on an existing basis. The development of the instrument industry in China in 2010 will be expected to increase. Product structure adjustment goals. Among them, industrial automation instrumentation, focusing on the development of fieldbus-based main control system devices and intelligent instruments, special and special automation instruments. The product technology level reached the advanced foreign level in the late 1990s. In 2005, sales accounted for 30% of domestic sales of instrumentation. Market-oriented, comprehensively expand service areas, promote digitalization, intelligence, and networking of instrumentation systems, and complete the transformation of automation instruments from analog to digital technologies. The number of digital instruments at the end of the fifteenth reached more than 60%.