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U.S. Instruments And Related Products For Measuring, Displaying, And Controlling Industrial Process Variables Market. Analysis And Forecast to 2030
Report Update: Nov 1, 2024

U.S. Instruments And Related Products For Measuring, Displaying, And Controlling Industrial Process Variables Market. Analysis And Forecast to 2030

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Aug 11, 2023

Import of Measuring Instruments Surges to $736M in June 2023

U.S. Measuring Instrument Imports

In June 2023, approximately 51M units of instruments and related products for measuring, displaying, and controlling industrial process variables were imported into the United States; dropping by -6.2% on the month before. Overall, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in May 2023 with an increase of 16% m-o-m. As a result, imports reached the peak of 54M units, and then shrank in the following month.

In value terms, measuring instrument imports expanded modestly to $736M (IndexBox estimates) in June 2023. In general, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in March 2023 when imports increased by 14% m-o-m. Over the period under review, imports hit record highs at 748M units in October 2022; however, from November 2022 to June 2023, imports failed to regain momentum. U.S. Measuring Instrument Imports By Country (Million USD)

Imports by Country

Mexico (15M units), China (11M units) and Germany (3.9M units) were the main suppliers of measuring instrument imports to the United States, with a combined 58% share of total imports. These countries were followed by Japan, Canada, Vietnam, Malaysia, Thailand, Taiwan (Chinese), South Korea, the UK, Poland and Bulgaria, which together accounted for a further 30%.

From June 2022 to June 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of +5.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest measuring instrument suppliers to the United States were Mexico ($155M), Germany ($83M) and China ($82M), together comprising 44% of total imports. Canada, Japan, the UK, Taiwan (Chinese), Vietnam, Malaysia, Thailand, Poland, South Korea and Bulgaria lagged somewhat behind, together comprising a further 37%.

Thailand, with a CAGR of +2.0%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In June 2023, the measuring instrument price stood at $14.6 per unit (CIF, US), growing by 8.8% against the previous month. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The import price peaked at $15.0 per unit in March 2023; however, from April 2023 to June 2023, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Canada ($39.1 per unit), while the price for Bulgaria ($7.0 per unit) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+3.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 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
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023

  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023

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