Investment Rating - The report indicates a positive outlook for the smart instrument industry, projecting steady growth driven by government support and technological advancements [1]. Core Insights - The smart instrument market in China has been growing steadily from 492.39 billion RMB in 2018 to 657.29 billion RMB in 2023, with a compound annual growth rate (CAGR) of 5.95%. It is expected to reach 925.20 billion RMB by 2028, with a CAGR of 6.90% [36][39]. - The industry faces challenges such as low market concentration, intense competition, and reliance on foreign technology for core components, which limits the domestic companies' competitive edge [14][16][15]. Industry Definition - Smart instruments integrate modern information technologies, enabling data processing, analysis, and remote monitoring, thus enhancing measurement accuracy and reliability compared to traditional instruments [2]. Industry Classification - Smart instruments can be classified based on their purpose (e.g., temperature, pressure, flow, level, pH, humidity, vibration, gas composition analysis) and output methods (e.g., local display, remote transmission, network-connected) [3][11][13]. Industry Characteristics - The Chinese smart instrument industry is characterized by a low concentration of market players, with many small-scale companies competing primarily on price, while foreign companies dominate the high-end market [14][16]. Development History - The smart instrument industry has evolved through four stages: emergence, initiation, rapid development, and maturity, with the current phase focusing on integration into smart manufacturing and smart cities [17][22]. Industry Chain Analysis - The industry chain consists of upstream components (sensors, controllers), midstream manufacturing, and downstream applications in various sectors such as industrial production, energy management, and environmental monitoring [23][24]. Market Demand and Trends - The demand for smart instruments is driven by the need for automation in industrial processes and the increasing focus on energy management and environmental sustainability [34][35]. Future Development Trends - Future trends in the smart instrument industry include miniaturization, increased intelligence, networking capabilities, and enhanced energy management, focusing on improving product performance and user experience [31]. Policy Support - Government policies such as "Made in China 2025" and the "14th Five-Year Plan for Intelligent Manufacturing" are aimed at promoting the development of smart instruments and enhancing domestic production capabilities [37][41]. Competitive Landscape - The competitive landscape is marked by a mix of domestic and foreign players, with domestic companies like Chuan Yi Automation and Zhong Kong Technology showing strong performance in the mid-to-low-end market while challenging the high-end segment [45][46].
智能仪表设备：技术前沿与广泛应用 头豹词条报告系列
Tou Bao Yan Jiu Yuan·2025-01-20 12:16