Northern America: Market for Instruments for Measuring Electrical Quantities 2025

Market Size for Instruments for Measuring Electrical Quantities in Northern America

The North American market for instruments for measuring electrical quantities skyrocketed to $X in 2021, jumping by 55% against the previous year. The total consumption indicated a modest increase from 2012 to 2021: its value increased at an average annual rate of +1.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +107.8% against 2019 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Instruments for Measuring Electrical Quantities in Northern America

In value terms, instruments for measuring electrical quantities production fell notably to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a sharp curtailment. The pace of growth was the most pronounced in 2020 when the production volume increased by 228%. Over the period under review, production attained the peak level at $X in 2014; however, from 2015 to 2021, production remained at a lower figure.

Exports of Instruments for Measuring Electrical Quantities

Exports in Northern America

For the fourth year in a row, Northern America recorded decline in overseas shipments of instruments for measuring electrical quantities, which decreased by -9.3% to X units in 2021. In general, exports continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2014 when exports increased by 13% against the previous year. As a result, the exports reached the peak of X units. From 2015 to 2021, the growth of the exports remained at a lower figure.

In value terms, instruments for measuring electrical quantities exports rose significantly to $X in 2021. Over the period under review, exports continue to indicate a noticeable shrinkage. Over the period under review, the exports attained the peak figure at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

In 2021, the United States (X units) represented the major exporter of instruments for measuring electrical quantities, constituting 87% of total exports. It was distantly followed by Canada (X units), mixing up a 13% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to instruments for measuring electrical quantities exports from the United States stood at -10.0%. Canada experienced a relatively flat trend pattern. While the share of Canada (+8.1 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of the United States (-8.1 p.p.) displayed negative dynamics.

In value terms, the United States ($X) remains the largest instruments for measuring electrical quantities supplier in Northern America, comprising 93% of total exports. The second position in the ranking was held by Canada ($X), with a 6.9% share of total exports.

From 2012 to 2021, the average annual growth rate of value in the United States totaled -2.3%.

Export Prices by Country

The export price in Northern America stood at $X per unit in 2021, picking up by 19% against the previous year. Overall, the export price continues to indicate a strong increase. The most prominent rate of growth was recorded in 2020 an increase of 24% against the previous year. The level of export peaked in 2021 and is likely to see gradual growth in the near future.

Prices varied noticeably country of origin: the country with the highest price was the United States ($X per unit), while Canada totaled $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+8.6%).

Imports of Instruments for Measuring Electrical Quantities

Imports in Northern America

For the third consecutive year, Northern America recorded growth in purchases abroad of instruments for measuring electrical quantities, which increased by 69% to X units in 2021. Overall, imports recorded a strong expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, instruments for measuring electrical quantities imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +3.3% from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The United States prevails in imports structure, recording X units, which was approx. 95% of total imports in 2021. It was distantly followed by Canada (X units), mixing up a 4.6% share of total imports.

The United States was also the fastest-growing in terms of the instruments for measuring electrical quantities imports, with a CAGR of +17.0% from 2012 to 2021. Canada experienced a relatively flat trend pattern. From 2012 to 2021, the share of the United States increased by +11 percentage points.

In value terms, the United States ($X) constitutes the largest market for imported instruments for measuring electrical quantities in Northern America, comprising 86% of total imports. The second position in the ranking was held by Canada ($X), with a 14% share of total imports.

In the United States, instruments for measuring electrical quantities imports increased at an average annual rate of +3.7% over the period from 2012-2021.

Import Prices by Country

The import price in Northern America stood at $X per unit in 2021, falling by -23.3% against the previous year. Over the period under review, the import price recorded a abrupt setback. The pace of growth was the most pronounced in 2014 when the import price increased by 14%. As a result, import price reached the peak level of $X per unit. From 2015 to 2021, the import prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Canada ($X per unit), while the United States totaled $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+0.6%).

Source: IndexBox Platform

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