First Research US Industry Profile

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Electronic Inspection & Monitoring Instruments Manufacturing
SIC Codes: 3823
NAICS Codes: 334513
Last Quarterly Update: 5/6/2019
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 grow at a compound annual rate of more than 9% through 2024, to reach a value of more than $269 billion, according to MarketsandMarkets. 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 840 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.
Competitive Landscape
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 ... plus:
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Finance & Regulation
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Regional & International Issues
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Human Resources
Also includes the following chapters:
Quarterly Industry Update
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Industry Indicators
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Business Challenges
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Trends and Opportunities
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Call Preparation Questions
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Financial Information
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Industry Forecast
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Industry Websites
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Glossary of Acronyms

Historical Profiles (PDF format)

02/04/2019
10/29/2018
07/30/2018
04/30/2018
01/29/2018
10/23/2017
07/31/2017
05/08/2017
02/06/2017
10/31/2016
08/01/2016
05/02/2016
02/01/2016
10/26/2015
07/27/2015
04/27/2015
01/26/2015
10/27/2014
08/04/2014
05/19/2014
02/24/2014