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U.S. Instrument For Measuring And Testing Electricity And Electrical Signals Market. Analysis And Forecast to 2030
Report Update: May 1, 2025

U.S. Instrument For Measuring And Testing Electricity And Electrical Signals Market. Analysis And Forecast to 2030

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May 15, 2023

U.S. Measuring Instrument Import Peaks at $868M in March 2023

U.S. Measuring Instrument Imports

In March 2023, supplies from abroad of instrument for measuring and testing electricity and electrical signals increased by 5.5% to 5.9K tons for the first time since December 2022, thus ending a two-month declining trend. In general, imports, however, recorded a slight decline. The pace of growth appeared the most rapid in May 2022 when imports increased by 63% month-to-month.

In value terms, measuring instrument imports skyrocketed to $868M (IndexBox estimates) in March 2023. Overall, imports continue to indicate a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.

COUNTRYImport Value of Measuring Instrument in U.S. (million USD)
Mar 2022Apr 2022May 2022Jun 2022Jul 2022Aug 2022Sep 2022Oct 2022Nov 2022Dec 2022Jan 2023Feb 2023Mar 2023
Mexico11188.193.210391.5113117107101108110111147
Malaysia10413668.496.615195.711415187.011611486.9129
Germany93.193.596.789.492.981.586.187.094.510076.593.5104
Japan80.367.858.058.455.269.567.588.170.870.067.275.173.4
Taiwan (Chinese)53.348.636.132.353.853.747.446.749.245.953.940.465.2
Canada42.635.039.342.036.636.842.040.942.542.839.635.648.4
China54.245.455.656.261.967.564.557.652.455.050.235.847.7
United Kingdom45.734.938.937.036.039.941.240.349.639.331.432.737.6
South Korea11.118.715.821.813.618.613.824.619.416.615.114.415.0
France12.311.714.412.613.511.78.311.511.212.610.711.014.0
Thailand6.68.67.911.17.77.77.99.39.810.66.65.712.0
Vietnam8.39.64.55.15.14.67.78.84.610.510.012.510.2
Hungary3.14.33.73.34.24.55.94.34.04.06.35.84.3
Others160154140174160157169166172173157145160
Total785756672743783762793844768804748705868

Imports by Country

Mexico (1K tons), China (931 tons) and Germany (591 tons) were the main suppliers of measuring instrument imports to the United States, with a combined 43% share of total imports. These countries were followed by Canada, South Korea, Japan, Taiwan (Chinese), France, the UK, Malaysia, Hungary, Thailand and Vietnam, which together accounted for a further 42%.

From March 2022 to March 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by South Korea (with a CAGR of +10.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Mexico ($147M), Malaysia ($129M) and Germany ($104M) appeared to be the largest measuring instrument suppliers to the United States, with a combined 44% share of total imports. Japan, Taiwan (Chinese), Canada, China, the UK, South Korea, France, Thailand, Vietnam and Hungary lagged somewhat behind, together comprising a further 38%.

Thailand, with a CAGR of +5.1%, saw the highest growth rate of 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 March 2023, the measuring instrument price stood at $147K per ton (CIF, US), growing by 17% against the previous month. In general, import price indicated a notable expansion from March 2022 to March 2023: its price increased at an average monthly rate of +2.2% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on March 2023 figures, measuring instrument import price increased by +13.8% against November 2022 indices. The growth pace was the most rapid in July 2022 when the average import price increased by 92% month-to-month. The import price peaked in March 2023.

Prices varied noticeably by the country of origin: the country with the highest price was Malaysia ($755K per ton), while the price for Hungary ($29,207 per ton) was amongst the lowest.

From March 2022 to March 2023, the most notable rate of growth in terms of prices was attained by Thailand (+9.4%), 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 334515 - Instrument manufacturing for measuring and testing electricity and electrical signals

Companies mentioned:

  • Agilent Technologies
  • Teradyne
  • Tektronix
  • Bae Systems National Security Solutions
  • Hid Global Corporation
  • Anritsu Company
  • Analogic Corporation
  • Teledyne Lecroy
  • Cascade Microtech
  • Xcerra Corporation
  • Bourns
  • Milbank Manufacturing Co.
  • Curtis Instruments
  • Ideal Industries
  • Radisys Corporation
  • Doble Engineering Company
  • Exfo America Inc.
  • Astronics Advanced Electronic Systems Corp.
  • Keyence Corporation of America
  • Qorvo, Keysight Technologies
  • Cohu
  • Lac Du Flambeau Band of Lake Superior Chippewa Indians (inc)
  • Lumileds, Ixia
  • Landis+gyr
  • Gould Electronics
  • Jdsu Acterna Holdings
  • Genrad
  • Itron Electricity Metering
  • Fluke Electronics Corporation
  • Anritsu U.S. Holding

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 THE 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 TRENDSThis Chapter is Available Only for the Professional EditionPRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and its Prospects

    1. MARKET SIZE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
    2. MARKET STRUCTURE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
    3. TRADE BALANCE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
    4. PER CAPITA CONSUMPTION: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
    5. MARKET FORECAST TO 2035

  4. 4. MOST PROMISING PRODUCTS FOR DIVERSIFICATION

    Finding New Products to Diversify Your Business

    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCTS
    4. MOST TRADED PRODUCTS
    5. MOST PROFITABLE PRODUCTS FOR EXPORTS

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    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 Export

    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: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
    2. IMPORTS BY COUNTRY: HISTORICAL DATA (2012–2024)
    3. IMPORT PRICES BY COUNTRY: HISTORICAL DATA (2012–2024)

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
    2. EXPORTS BY COUNTRY: HISTORICAL DATA (2012–2024)
    3. EXPORT PRICES BY COUNTRY: HISTORICAL DATA (2012–2024)

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

  11. LIST OF TABLES

    1. Key Findings In 2024
    2. Market Volume, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    3. Market Value: Historical Data (2012–2024) and Forecast (2025–2035)
    4. Per Capita Consumption: Historical Data (2012–2024) and Forecast (2025–2035)
    5. Imports, In Physical Terms, By Country, 2012–2024
    6. Imports, In Value Terms, By Country, 2012–2024
    7. Import Prices, By Country, 2012–2024
    8. Exports, In Physical Terms, By Country, 2012–2024
    9. Exports, In Value Terms, By Country, 2012–2024
    10. Export Prices, By Country, 2012–2024

  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    2. Market Value: Historical Data (2012–2024) and Forecast (2025–2035)
    3. Market Structure – Domestic Supply vs. Imports, in Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    4. Market Structure – Domestic Supply vs. Imports, in Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    5. Trade Balance, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    6. Trade Balance, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    7. Per Capita Consumption: Historical Data (2012–2024) and Forecast (2025–2035)
    8. Market Volume Forecast to 2035
    9. Market Value Forecast to 2035
    10. Market Size and Growth, By Product
    11. Average Per Capita Consumption, By Product
    12. Exports and Growth, By Product
    13. Export Prices and Growth, By Product
    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: Historical Data (2012–2024) and Forecast (2025–2035)
    22. Production, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    23. Imports, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    24. Imports, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    25. Imports, In Physical Terms, By Country, 2024
    26. Imports, In Physical Terms, By Country, 2012–2024
    27. Imports, In Value Terms, By Country, 2012–2024
    28. Import Prices, By Country, 2012–2024
    29. Exports, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    30. Exports, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    31. Exports, In Physical Terms, By Country, 2024
    32. Exports, In Physical Terms, By Country, 2012–2024
    33. Exports, In Value Terms, By Country, 2012–2024
    34. Export Prices, By Country, 2012–2024

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