Electronic Inspection & Monitoring Instruments Manufacturing
Companies in this industry are primarily engaged in the manufacture of instruments that measure, display, and control industrial process variables such as temperature, humidity, pressure, and flow. Major companies include Honeywell and Rockwell Automation (both of the US), as well as ABB (Switzerland), OMRON (Japan), Schneider Electric (France), and Siemens (Germany).
The global industrial controls and factory automation market, which includes electronic inspection and monitoring instruments, is forecast to reach about $270 billion by 2030, with a compound annual growth rate (CAGR) of about 10% during the 2022-2030 forecast period, according to Market Research Future (MRFR). Top countries for manufacturing of electronic inspection and monitoring instruments (also called process control instruments, or PCIs) include China, Germany, Japan, South Korea, and the US-countries with strong levels of industrialization.
The US process control instruments manufacturing industry includes about 800 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $10 billion.
Industrial controls, which are often used in conjunction with process control instruments, are covered in a separate industry profile.
Demand is driven by overall industrial production and by demand for machinery used to automate production of a variety of manufactured products. The profitability of individual companies depends on technological expertise and efficient operations. Large companies have economies of scale in purchasing and greater ability to offer a wide variety of products to a diverse customer base. Small companies can compete by specializing in niche products. The US industry is concentrated: the top 50 companies account for about 75% of industry revenue.
Imports account for about 80% of the US market. The largest suppliers to the US are Mexico, China, Germany, and Japan. Exports, which make up about 80% of US production, go mainly to Mexico, Canada, China, and Germany.
Products, Operations & Technology
Major products include instruments and related devices for measuring, displaying, indicating, recording, transmitting, and controlling industrial process
Sales & Marketing
Finance & Regulation
Regional & International Issues
Also includes the following chapters:
Quarterly Industry Update
Trends and Opportunities
Call Preparation Questions
Glossary of Acronyms