Latest Report Update: Oct 6, 2021

U.S. Instrument For Measuring And Testing Electricity And Electrical Signals Market. Analysis And Forecast to 2025
Update: COVID-19 Impact

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U.S.: Measuring Instrument Market Overview 2021

Measuring Instrument Market Size in the U.S.

In 2020, the U.S. measuring instrument market increased by X% to $X, rising for the fifth year in a row after two years of decline. In general, consumption, however, posted strong growth. The pace of growth appeared the most rapid in 2016 with an increase of X% y-o-y. Over the period under review, the market attained the maximum level in 2020 and is expected to retain growth in the immediate term.

Measuring Instrument Production in the U.S.

In value terms, measuring instrument production amounted to $X in 2020. Over the period under review, production showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Measuring instrument production peaked at $X in 2018; however, from 2019 to 2020, production stood at a somewhat lower figure.

Measuring Instrument Exports

Exports from the U.S.

For the third year in a row, the U.S. recorded decline in overseas shipments of instrument for measuring and testing electricity and electrical signals, which decreased by -X% to X tonnes in 2020. Over the period under review, exports showed a pronounced shrinkage. The most prominent rate of growth was recorded in 2015 when exports increased by X% year-to-year. As a result, exports reached the peak of X tonnes. from 2016 to 2020, the growth exports remained at a somewhat lower figure.

In value terms, measuring instrument exports fell to $X in 2020. In general, exports continue to indicate a mild shrinkage. The most prominent rate of growth was recorded in 2018 when exports increased by X% y-o-y. Exports peaked at $X in 2015; however, from 2016 to 2020, exports failed to regain the momentum.

Exports by Country

China (X tonnes), Taiwan (Chinese) (X tonnes) and South Korea (X tonnes) were the main destinations of measuring instrument exports from the U.S., together accounting for X% of total exports.

From 2013 to 2020, the biggest increases were in South Korea, while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for measuring instrument exported from the U.S. were China ($X), Mexico ($X) and Canada ($X), with a combined X% share of total exports. Taiwan (Chinese), Japan, South Korea, Malaysia, Germany, Singapore, the UK, India, France and Israel lagged somewhat behind, together accounting for a further X terms of the main countries of destination, Taiwan (Chinese) recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2020, the average measuring instrument export price amounted to $X per tonne, increasing by X% against the previous year. Overall, the export price enjoyed noticeable growth. The most prominent rate of growth was recorded in 2016 when the average export price increased by X% y-o-y. The export price peaked in 2020 and is expected to retain growth in years to come.

Prices varied noticeably by the country of destination; the country with the highest price was Malaysia ($X per tonne), while the average price for exports to Singapore ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Mexico, while the prices for the other major destinations experienced more modest paces of growth.

Measuring Instrument Imports

Imports into the U.S.

In 2020, overseas purchases of instrument for measuring and testing electricity and electrical signals decreased by -X% to X tonnes, falling for the second consecutive year after three years of growth. In general, imports, however, continue to indicate a resilient increase. The pace of growth appeared the most rapid in 2016 with an increase of X% y-o-y. Over the period under review, imports hit record highs at X tonnes in 2018; however, from 2019 to 2020, imports remained at a lower figure.

In value terms, measuring instrument imports declined to $X in 2020. Over the period under review, imports, however, continue to indicate a buoyant increase. The growth pace was the most rapid in 2017 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2019, and then contracted in the following year.

Imports by Country

Mexico (X tonnes), China (X tonnes) and Malaysia (X tonnes) were the main suppliers of measuring instrument imports to the U.S., together comprising X% of total imports. These countries were followed by Germany, France, the UK, Japan, Canada, Taiwan (Chinese), Israel, South Korea and the Philippines, which together accounted for a further X 2013 to 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by France, while imports for the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X), Malaysia ($X) and Germany ($X) constituted the largest measuring instrument suppliers to the U.S., with a combined X% share of total imports.

Mexico recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average measuring instrument import price stood at $X per tonne in 2020, increasing by X% against the previous year. Over the period under review, the import price, however, continues to indicate a noticeable contraction. The pace of growth appeared the most rapid in 2019 an increase of X% against the previous year. The import price peaked at $X per tonne in 2013; however, from 2014 to 2020, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Japan ($X per tonne), while the price for the Philippines ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Canada, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the leading suppliers of instrument for measuring and testing electricity and electrical signals to the U.S.?
+
In value terms, Mexico ($1.1B), Malaysia ($1B) and Germany ($890M) appeared to be the largest measuring instrument suppliers to the U.S., together accounting for 43% of total imports.
What are the leading importers of instrument for measuring and testing electricity and electrical signals from the U.S.?
+
In value terms, China ($945M), Mexico ($810M) and Canada ($685M) were the largest markets for measuring instrument exported from the U.S. worldwide, together accounting for 34% of total exports. Taiwan (Chinese), Japan, South Korea, Malaysia, Germany, Singapore, the UK, India, France and Israel lagged somewhat behind, together accounting for a further 43%.
What is the average export price for instrument for measuring and testing electricity and electrical signals in the U.S.?
+
The average measuring instrument export price stood at $47,992 per tonne in 2020, picking up by 7.4% against the previous year.
What is the average import price for instrument for measuring and testing electricity and electrical signals in the U.S.?
+
The average measuring instrument import price stood at $31,279 per tonne in 2020, growing by 5.8% against the previous year.

Product coverage:
• NAICS 334515 - Instrument manufacturing for measuring and testing electricity and electrical signals

This report provides an in-depth analysis of the measuring instrument market in the U.S.. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.


Companies mentioned:
• Agilent Technologies
• Teradyne
• Tektronix
• Bae Systems National Security Solutions
• Hid Global Corporation
• Anritsu Company
• Analogic Corporation
• Teledyne Lecroy
• Cascade Microtech
• Xcerra Corporation
• Bourns
• Milbank Manufacturing Co.
• Curtis Instruments
• Ideal Industries
• Radisys Corporation
• Doble Engineering Company
• Exfo America Inc.
• Astronics Advanced Electronic Systems Corp.
• Keyence Corporation of America
• Qorvo, Keysight Technologies
• Cohu
• Lac Du Flambeau Band of Lake Superior Chippewa Indians (inc)
• Lumileds, Ixia
• Landis+gyr
• Gould Electronics
• Jdsu Acterna Holdings
• Genrad
• Itron Electricity Metering
• Fluke Electronics Corporation
• Anritsu U.S. Holding

Country coverage:
• USA

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in the U.S.
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2013–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2013–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2013–2020
Table 3:
Market Value, 2013–2020
Table 4:
Per Capita Consumption In 2013–2020
Table 5:
Imports, In Physical Terms, By Country, 2013–2020
Table 6:
Imports, In Value Terms, By Country, 2013–2020
Table 7:
Import Prices, By Country Of Origin, 2013–2020
Table 8:
Exports, In Physical Terms, By Country, 2013–2020
Table 9:
Exports, In Value Terms, By Country, 2013–2020
Table 10:
Export Prices, By Country Of Destination, 2013–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2013–2020
Figure 2:
Market Value, 2013–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2013–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2013–2020
Figure 5:
Trade Balance, In Physical Terms, 2013–2020
Figure 6:
Trade Balance, In Value Terms, 2013–2020
Figure 7:
Per Capita Consumption, 2013–2020
Figure 8:
Market Forecast To 2030
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2013–2020
Figure 21:
Production, In Value Terms, 2013–2020
Figure 22:
Imports, In Physical Terms, 2013–2020
Figure 23:
Imports, In Value Terms, 2013–2020
Figure 24:
Imports, In Physical Terms, By Country, 2020
Figure 25:
Imports, In Physical Terms, By Country, 2013–2020
Figure 26:
Imports, In Value Terms, By Country, 2013–2020
Figure 27:
Import Prices, By Country Of Origin, 2013–2020
Figure 28:
Exports, In Physical Terms, 2013–2020
Figure 29:
Exports, In Value Terms, 2013–2020
Figure 30:
Exports, In Physical Terms, By Country, 2020
Figure 31:
Exports, In Physical Terms, By Country, 2013–2020
Figure 32:
Exports, In Value Terms, By Country, 2013–2020
Figure 33:
Export Prices, By Country Of Destination, 2013–2020

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