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          1. Electronic Inspection & Monitoring Instruments Manufacturing Industry Profile

            Report Page Length: 10-12
            Last Quarterly Update: 6/29/2020
            SIC Codes: 3823
            NAICS Codes: 334513
            Chapters Include:
            Industry Overview Trends & Challenges Industry Forecast
            Quarterly Industry Update Call Prep Questions Website & Media Links
            Business Challenges Financial Information Glossary & Acronyms
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            Excerpt from Electronic Inspection & Monitoring Instruments Manufacturing Industry Profile

            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 ...

             
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