The Latest Measuring Industry Statistics Explained
Equipment for measuring and checking quantities of goods accounted for 19.3% of the global measuring instruments market in 2019.
This statistic indicates that the market for equipment dedicated to measuring and checking quantities of goods constituted 19.3% of the total global market for measuring instruments in 2019. This suggests that a substantial portion of the measuring instruments market is specifically focused on tools related to assessing and verifying quantities of goods, which could encompass a wide range of devices such as scales, meters, or scanners. The significance of this statistic lies in highlighting the importance of measurement accuracy and quantity control in various industries, reflecting the demand for specialized equipment tailored for these specific purposes within the broader measuring instruments market.
In the United States, the market size of the scientific and technical instruments manufacturing industry has grown by 0.5% per year on average from 2016 to 2021.
The statistic indicates that the market size of the scientific and technical instruments manufacturing industry in the United States has experienced an average annual growth rate of 0.5% from 2016 to 2021. This growth rate suggests a gradual but steady increase in the industry’s overall revenue and market value over the specified period. Factors such as advancements in technology, increased demand for scientific and technical instruments in various sectors, and potential market expansions could have contributed to this positive trend. The statistic provides insights into the industry’s performance and may be useful for stakeholders, policymakers, and investors looking to understand the market dynamics and potential opportunities within the scientific and technical instruments manufacturing sector in the United States.
The test and measurement equipment market is projected to reach USD 32.3 billion by 2025, at a CAGR of 3.90% from 2020 to 2025.
This statistic indicates that the test and measurement equipment market is expected to grow steadily, with its total value reaching USD 32.3 billion by 2025. The Compound Annual Growth Rate (CAGR) of 3.90% from 2020 to 2025 suggests a moderate but consistent expansion in the market over this period. This projection implies that the demand for test and measurement equipment is likely to increase as industries across various sectors invest in advanced technology and embrace quality assurance practices. The steady growth rate indicates a stable market with potential opportunities for businesses operating in the test and measurement equipment industry.
China had the largest market, holding 16.6% of the global demand in the measurement technology industry in 2019.
In 2019, China held the largest market share in the measurement technology industry globally, accounting for 16.6% of the total demand. This statistic indicates that China was a significant player in the market, with a substantial portion of customers and consumers located within the country. The high market share suggests that China’s economy and industry had a strong need for measurement technology products and services, reflecting the country’s industrial growth and technological development. Additionally, it highlights China’s influence and impact on the global measurement technology market, showcasing its importance as a key market player in the industry.
By 2025, the level sensor market is projected to reach USD 5.1 billion, growing at a CAGR of 5.7%.
The statistic indicates that the level sensor market is forecasted to expand significantly by the year 2025, reaching a value of USD 5.1 billion. This projected growth is expected to occur at a compound annual growth rate (CAGR) of 5.7%. The CAGR provides insight into the average annual growth rate of the market over a specified period, in this case, from the current year up to 2025. A CAGR of 5.7% suggests a stable and consistent growth trajectory for the level sensor market, signifying a promising outlook for the industry in the upcoming years.
The market for industrial control and factory automation is expected to reach USD 197.8 billion by 2025, from USD 151.8 billion in 2020.
This statistic indicates the projected growth of the market for industrial control and factory automation over a five-year period, from 2020 to 2025. The expected increase from USD 151.8 billion in 2020 to USD 197.8 billion by 2025 reflects a significant growth rate. This growth is likely driven by factors such as increasing demand for automation and efficiency in industrial processes, advancements in technology like the Industrial Internet of Things (IIoT) and Artificial Intelligence, and the need for streamlined and cost-effective manufacturing operations. The statistic suggests that the industrial control and factory automation sector is poised for expansion, presenting opportunities for businesses operating in this market to capitalize on this growth potential.
In 2019, total environmental monitoring market size was USD 12.91 billion.
The statistic “In 2019, total environmental monitoring market size was USD 12.91 billion” represents the total value of the market dedicated to monitoring and assessing various environmental factors and parameters in 2019. This includes activities such as monitoring air and water quality, measuring pollution levels, tracking climate change indicators, and evaluating the impact of human activities on the environment. The market size of USD 12.91 billion indicates the overall spending and financial investment made by government agencies, private companies, and other organizations involved in environmental monitoring activities during that year. This statistic provides insights into the importance and scale of efforts aimed at understanding and protecting the environment through systematic monitoring and analysis.
The Global Liquid Level sensors market size was USD 2.37 billion in 2021 and is expected to reach USD 3.41 billion by 2026.
The statistic indicates that the Global Liquid Level sensors market was valued at USD 2.37 billion in 2021 and is projected to grow to USD 3.41 billion by 2026. This suggests a compound annual growth rate (CAGR) of approximately 7.6% over the forecast period. The increasing adoption of liquid level sensors across various industries such as oil and gas, chemicals, and water and wastewater management is likely to drive market growth. Additionally, technological advancements in sensor technologies, such as non-contact level sensing methods and IoT integration, are expected to further fuel market expansion. Overall, the forecasted growth in market size reflects the rising demand for accurate and reliable liquid level monitoring solutions globally.
In 2019, the United States was the largest market for test and measurement equipment, with sales of more than USD 11.8 billion.
The statistic that in 2019, the United States was the largest market for test and measurement equipment, with sales exceeding USD 11.8 billion, indicates that the United States had the highest demand and consumption of such equipment compared to other countries worldwide. This suggests a significant reliance on test and measurement equipment for various industries such as electronics, automotive, aerospace, and others within the US market. The substantial sales figure of USD 11.8 billion reflects a robust industrial sector and highlights the importance of accurate testing and measurement processes for ensuring quality control and compliance with standards in manufacturing and research activities across a wide range of sectors in the United States.
The size of the global semiconductor metrology and inspection equipment market reached approximately USD 5.91 billion in 2020.
The statistic “The size of the global semiconductor metrology and inspection equipment market reached approximately USD 5.91 billion in 2020” indicates the total value of sales in the semiconductor metrology and inspection equipment market worldwide for the year 2020. This figure suggests that there was a significant demand for these specialized equipment used in the semiconductor industry for quality control, measurement, and inspection purposes. The size of this market reaching almost 6 billion USD implies a substantial investment in technological advancements and manufacturing processes within the semiconductor industry, reflecting the industry’s importance in various sectors such as electronics, information technology, and telecommunications.
The global gas detection equipment market size is expected to reach USD 8.82 billion by 2028.
This statistic indicates that the global gas detection equipment market is projected to grow significantly and reach a market size of USD 8.82 billion by the year 2028. Gas detection equipment is crucial for ensuring workplace safety in industries where hazardous gases may be present, such as oil and gas, mining, manufacturing, and construction. The expected growth in the market size reflects increasing awareness of the importance of gas detection equipment in preventing accidents and maintaining a safe working environment. Factors contributing to this growth may include stricter regulations, technological advancements in gas detection technology, and the increasing focus on worker safety across industries globally.
The global pressure sensor market size was valued at USD 8.0 billion in 2020.
The statistic ‘The global pressure sensor market size was valued at USD 8.0 billion in 2020’ indicates the total monetary value of pressure sensor sales worldwide during the year 2020. This value serves as a quantitative measure of the market’s size and highlights the economic significance of pressure sensors in various industries such as automotive, healthcare, aerospace, and manufacturing. The amount represents the aggregated revenue generated by the sales of pressure sensors, reflecting the demand for these devices and their widespread use in applications requiring precise pressure measurement. Additionally, the figure conveys insights into market trends, technological advancements, and the overall growth potential of the pressure sensor industry.
The overall data logger market was valued at USD 2.89 billion in 2021 and is expected to reach USD 4.16 billion by 2026.
The statistic provided indicates the market value of data loggers in USD billion for the year 2021 and projects the estimated market value for the year 2026. Specifically, the overall data logger market was valued at USD 2.89 billion in 2021, representing the total worth of data logger sales within that year. The statistic further forecasts that the market is expected to grow and reach a value of USD 4.16 billion by 2026, implying an anticipated increase in the market size over the next five years. This information suggests a positive trend in the data logger industry, indicating potential opportunities for growth and investment in this market segment.
The flow meter market size was valued at USD 7.74 billion in 2020, and it is expected to reach USD 11.72 billion by 2026.
The statistic indicates the market size of flow meters, a device used to measure the flow rate of liquids or gases in various industries. In 2020, the market was valued at USD 7.74 billion, reflecting the total revenue generated from the sale of flow meters globally during that year. The projection that the market is expected to reach USD 11.72 billion by 2026 indicates anticipated growth in the industry over the next six years. This increase suggests a growing demand for flow meters, likely driven by factors such as industrial automation, increasing need for accurate flow measurement, and advancements in flow meter technology.
The global dimensional metrology market for aerospace and defense was valued at USD 3,375.2 million in 2020.
The statistic indicates that the global market for dimensional metrology specifically in the aerospace and defense sector was valued at USD 3,375.2 million in the year 2020. Dimensional metrology refers to the science of measurement in physical space, where precise and accurate measurements are crucial for ensuring quality control and compliance with industry standards, particularly in sectors like aerospace and defense where precision is paramount for safety and performance. This market value reflects the significant investment in measurement technologies and equipment by companies operating in the aerospace and defense industries to maintain high standards of quality and precision in their products and processes.
The global color measurement instruments market is expected to grow at a CAGR of 5.8% from 2021 to 2029.
This statistic indicates that the global color measurement instruments market is projected to experience a Compound Annual Growth Rate (CAGR) of 5.8% from 2021 to 2029. This growth rate suggests a consistent and steady increase in the market size and demand for color measurement instruments over the specified period. Factors such as technological advancements, increased automation in industries, growing emphasis on quality control and product development, and expanding applications across various sectors like automotive, textiles, food and beverages, and cosmetics are likely driving this anticipated growth in the market. Businesses operating in the color measurement instruments industry may benefit from this expected expansion by capitalizing on the evolving market trends and increasing their market presence to leverage the potential opportunities for growth.
The global metrology services market size is anticipated to reach USD 1,058.9 million by 2027.
This statistic indicates that the global metrology services market is projected to grow significantly and reach a value of USD 1,058.9 million by the year 2027. Metrology services refer to the scientific study and measurement of physical quantities, ensuring accuracy and precision in various industries such as manufacturing, construction, and healthcare. The anticipated growth in this market reflects the increasing demand for precise measurements and quality control processes across different sectors. It suggests a positive outlook for the metrology services industry, highlighting the importance of accurate measurements in maintaining quality standards and driving innovation and efficiency in industrial processes.
The spectroscopy market size was USD 5.53 billion in 2020 and is expected to reach USD 6.21 billion by 2025.
The statistic indicates that the spectroscopy market was valued at USD 5.53 billion in 2020 and is projected to grow to USD 6.21 billion by 2025. This suggests a compound annual growth rate over the forecast period. The increasing market size signifies growing demand for spectroscopy technologies, which are used in various industries such as pharmaceuticals, environmental testing, food and beverage, and material analysis. Factors such as technological advancements, increasing research and development activities, and the need for precise analytical tools are likely driving the growth of the spectroscopy market. This upward trend in market size also highlights potential opportunities for key players in the spectroscopy sector to expand their market presence and offerings.
Conclusion
Based on the detailed analysis and measurement of industry statistics discussed in this blog post, it is evident that gathering accurate data and interpreting it effectively is crucial for making informed business decisions. By utilizing the right methodologies and tools for measuring industry statistics, companies can gain valuable insights that will help them stay competitive and thrive in their respective markets.
References
0. – https://www.www.statista.com
1. – https://www.www.marketsandmarkets.com
2. – https://www.www.fortunebusinessinsights.com
3. – https://www.www.ibisworld.com
4. – https://www.www.globenewswire.com
5. – https://www.www.mordorintelligence.com
6. – https://www.www.reportsanddata.com
7. – https://www.www.grandviewresearch.com
8. – https://www.www.precedenceresearch.com
