Measuring and Control Instruments Global Market To Reach Value Of About $982.8 Billion In 2025
7 Apr, 2021
The measuring and control instruments market consists of sales of navigational, measuring, electro medical and control instruments, and other components by entities (organizations, sole traders and partnerships) that produce navigational, measuring, electromedical, and control instruments. Examples of products made by these establishments are aeronautical instruments, appliance regulators and controls (except switches), laboratory analytical instruments, navigation and guidance systems, and physical properties testing equipment. This market includes sales of carbon, graphite, and metal graphite brushes and brush stock, carbon or graphite electrodes for thermal and electrolytic uses, carbon and graphite fibers, and other carbon, graphite, and metal-graphite products.
Global Measuring and Control Instruments Market Size And Drivers:
The global measuring and control instruments market is expected to grow from $702.51 billion in 2020 to $750.62 billion in 2021 at a compound annual growth rate (CAGR) of 6.8%. The market is expected to reach $982.85 billion in 2025 at a CAGR of 7%. The establishment of smart cities will increase the demand for various types of navigational, measuring, electro medical and control instruments, boosting the growth of the measuring and control instruments manufacturing market.
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Trends In The Global Measuring and Control Instruments Market
Companies in the measuring and control instruments manufacturing market are investing in the development of new 3D microscopes with the ability to increase productivity, improve diagnosis and research capabilities.3D microscopes are capable of capturing images from different positions and generating 3D images. Unlike the traditional microscopes, these 3D microscopes do not require the specimen to be cut into pieces but preserves specimen for additional study.
Global Measuring and Control Instruments Market Segments:
The global measuring and control instruments market is further segmented based on type, application, sales channel, mode and geography.
By Type: Other Electrical Equipment, Electronic Products And Components, Navigational, Measuring, Electro Medical And Control Instruments.
By Application: Medical, Electronic, Oil & Gas, Consumer Goods, Chemicals, Others.
By Sales Channel: OEM, Aftermarket.
By Mode: Online, Offline.
Subsegments Covered: Carbon And Graphite Product, General Electrical Equipment And Component, Vaporizers, E-Cigarettes, And other Electronic Nicotine Delivery Systems (ENDS), Search, Detection, And Navigation Instruments, Automatic Environmental Control, Industrial Process Variable Instruments, Totalizing Fluid Meter And Counting Device, Electricity And Signal Testing Instruments, Analytical Laboratory Instrument, Watch, Clock, Measuring Device, Magnetic And Optical Media.
By Geography: The global measuring and control instruments market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global control and measuring instruments market, accounting for 37% of the market.
Read More On The Report For The Global Measuring and Control Instruments Market At:https://www.thebusinessresearchcompany.com/report/measuring-and-control-instruments-global-market-report-2020-30-covid-19-impact-and-recovery
Measuring and Control Instruments Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides measuring and control instruments market overviews, analyzes and forecasts market size and growth for the global measuring and control instruments market, measuring and control instruments market share, measuring and control instruments market players, measuring and control instruments market segments and geographies, measuring and control instruments market’s leading competitors’ revenues, profiles and market shares. The measuring and control instruments market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.