In recent years, the instruments industry has experienced rapid development. Frbiz reports that sales growth in China's instruments industry has risen for the past two years. In the first half of 2007, output value of instruments was RMB 133.5 billion, up 29.1%, while product sales revenue reached RMB 128 billion, a year-on-year increase of 30%, all historic highs. Profits saw a year-on-year increase of more than 40%, while total assets saw a year-on-year increase of about 18%; the whole industry is in a sound stage of development.
Chinese market share of middle- and low-grade electrical instruments reached 95%, while Chinese market share of high-end products in foreign markets has increased significantly. China's electronic instruments industry is expected to grow in 2010.
The constant developments in science and technology have led to higher standards for instrumentation. Development trends for the electronic instruments industry include new applications, new materials and new components, such as the use of ultrasonic, microwave, x-ray, infrared, nuclear magnetic resonance, superconductivity, laser theory and a variety of new semiconductor sensitive element integrated circuits, integrated optics, optical fiber and other components. The direction of development is towards the miniaturization of instrumentation, weight reduction, and reduction of production costs, use, and maintenance. Another important direction of development is the improvement of the performance of instruments through the use of microcomputers, and the improvement of automation, intelligence, and data processing capabilities. Instruments are not only for individual use, and may be accessed through standard interfaces and data combined with the computer to form an integrated system of control and management of various tests to meet higher requirements.
The electronic instruments industry is focusing on the development of long-life energy meters, electronic meters, as well as special purpose and power meter measurement automatic management systems. In 2005, middle- and low-end electronic instruments accounted for 95% of Chinese market share; but in 2010, high-end electronic instruments accounted for 80% of Chinese market share.
Environmental electronic instruments are also being developed ( http://www.frbiz.com/catalog-41000000-1/general_mechanical_components.html ), which may be used in sampling systems and automatic control systems.
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