In 2019, a total of 2,786,968 sets of experimental analytical instruments were manufactured in China, compared with 1,971,477 sets in 2018, and product demand and effective supply have jumped. In 2019, the main business income of China's experimental analytical instrument industry was 31.387 billion yuan, and the proportion of income in the instrument industry was 3.51%; The total profit reached 4.427 billion yuan, accounting for 5.22%.

The instrumentation industry is growing steadily

With the sustainable development of energy conservation and consumption reduction, low-carbon economy, livelihood industries, strategic emerging industries, and the country's increasing emphasis on food safety and environmental protection, economic restructuring and industrial transformation and upgrading have become the long-term national policy and strategic deployment of the country. It has also led to the rapid development of a number of emerging industries such as wind power, nuclear energy, intelligent field, high-speed rail and rail transit, and high-end intelligent equipment, which has brought new opportunities for China's instrumentation industry. At present, the product categories and varieties of China's instrumentation industry are relatively complete, the layout is more reasonable, and it has a considerable technical basis and production scale. China has become the largest instrument producer in Asia except Japan.

In recent years, the scale of China's instrumentation industry has continued to expand, and has now become one of the fastest growing industries in China's equipment manufacturing industry. In particular, with the country vigorously revitalizing high-tech industries and promoting the integration of the two, the degree of automation in various industries of the national economy has gradually increased, which has brought considerable incremental demand for instrumentation. According to the data released by the Shanghai Instrument and Meter Industry Association, the income scale of China's instrument and meter industry increased year by year from 2012 to 2019, and the overall growth trend remained steady.

In terms of profitability, according to the data released by the Shanghai Instrument and Meter Industry Association, the total profit of China's instrument and meter industry from 2012 to 2019 has increased year by year, and its growth rate is higher than the main income on the whole, which fully indicates the continuous improvement of the profitability of China's instrument and meter industry and has entered the stage of high-quality development.

The output of experimental analytical instruments has jumped

As an important subdivision of the instrumentation industry, experimental analytical instruments are typical high value-added, technology-intensive industries, in recent years, the technical level has developed rapidly, the market size has continued to expand, has entered a period of high-speed, high-quality development. In terms of the output of experimental analytical instruments, according to the data released by the Shanghai Instrument and Meter Industry Association, a total of 2,786,968 experimental analytical instruments were manufactured in China in 2019, compared with 1,971,477 units/sets in 2018, and product demand and effective supply have jumped.

In terms of income scale and profitability, according to the data released by Shanghai Instrument and Meter Industry Association, the main business income of China's experimental analytical instrument industry was 31.387 billion yuan in 2019, and the proportion of income in the instrument and meter industry was 3.51%; The total profit reached 4.427 billion yuan, accounting for 5.22%. From 2016 to 2019, the above indicators generally showed an upward trend, and the proportion of profits over the years was higher than the proportion of revenue, indicating that the profitability of China's experimental analytical instrument subsector was higher than the average level of the instrument industry, and the development trend was good.

In recent years, with the deepening of the national transformation and upgrading process and the rapid development of new materials, energy conservation and environmental protection, biomedical and other emerging fields, the downstream application field of experimental analytical instruments has been expanded, widely used in environmental monitoring, food testing, pharmaceutical research and development and testing, medical diagnosis, commodity inspection, material analysis and other industries. It plays an important role in product research and development, testing and other key links, and provides a strong basic support for the high-quality development of various industries. On the other hand, the continuous development of downstream application fields will bring considerable incremental demand for upstream experimental analytical instruments, and will also put forward higher requirements for the performance, accuracy and efficiency of instrument products, thus becoming the source of technological upgrading and product iteration of the experimental analytical instruments industry. The two complement each other and promote each other, thus forming a positive feedback effect.

The inspection and testing industry is the main downstream market for experimental analytical instruments and sample pretreatment instruments, covering environmental monitoring, food safety testing, medical testing, industrial testing and other subdivisions. Compared with the global market, China's inspection and testing industry started late but developed rapidly, and the scale of the industry has been expanding in recent years. According to data released by the State Administration for Market Regulation, from 2013 to 2019, the operating income of China's inspection and testing industry increased from 139.851 billion yuan to 322.509 billion yuan, with a compound annual growth rate of 14.94%. At the same time, the rapid development of the inspection and testing industry as a whole also provides support for the scale expansion of related instruments and equipment. According to the data released by the State Administration for Market Regulation, in 2013, China had a total of 3.281,000 units/set of various types of inspection and testing equipment, which has continued to rise year by year since then, increasing to 7.108,200 units/set in 2019, with a compound annual growth rate of 13.75%1. It is expected that the revenue of China's inspection and testing industry and the number of related instruments and equipment will maintain a rapid growth trend in the future.

In the future, driven by favorable policies and the continuous upgrading of testing demand in various downstream fields, China's inspection and testing industry still has a broad space for development, and will also drive the procurement demand for experimental analytical instruments such as upstream sample pretreatment equipment, providing good development opportunities for instrument suppliers.