Measuring Instrument Market in the United States
Market Overview
In 
, the U.S. measuring instrument market increased by % to $, rising for the sixth year in a row after two years of decline. Over the period under review, the total consumption indicated a resilient expansion from 2013 to : its value increased at an average annual rate of +% over the last eight years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption increased by +% against 2015 indices. Over the period under review, the market reached the maximum level in and is likely to continue growth in the near future.
In value terms, measuring instrument production amounted to $ in . The total output value increased at an average annual rate of +% from 2013 to ; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2017 when the production volume increased by %. Measuring instrument production peaked in and is expected to retain growth in the near future.
, the U.S. measuring instrument market increased by % to $, rising for the sixth year in a row after two years of decline. Over the period under review, the total consumption indicated a resilient expansion from 2013 to : its value increased at an average annual rate of +% over the last eight years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption increased by +% against 2015 indices. Over the period under review, the market reached the maximum level in and is likely to continue growth in the near future.In value terms, measuring instrument production amounted to $
in . The total output value increased at an average annual rate of +% from 2013 to ; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2017 when the production volume increased by %. Measuring instrument production peaked in and is expected to retain growth in the near future.Consumption
In , approx. tonnes of instrument for measuring and testing electricity and electrical signals were consumed in the United States; with an increase of % on . Over the period under review, consumption showed resilient growth. Measuring instrument consumption peaked in and is expected to retain growth in years to come.
The revenue of the measuring instrument market in the United States expanded significantly to $ in , growing by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, the total consumption indicated a remarkable increase from 2013 to : its value increased at an average annual rate of +% over the last eight-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption increased by +% against 2015 indices. Measuring instrument consumption peaked in and is expected to retain growth in the immediate term.
, approx. tonnes of instrument for measuring and testing electricity and electrical signals were consumed in the United States; with an increase of % on . Over the period under review, consumption showed resilient growth. Measuring instrument consumption peaked in and is expected to retain growth in years to come.The revenue of the measuring instrument market in the United States expanded significantly to $
in , growing by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, the total consumption indicated a remarkable increase from 2013 to : its value increased at an average annual rate of +% over the last eight-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption increased by +% against 2015 indices. Measuring instrument consumption peaked in and is expected to retain growth in the immediate term.Market Forecast
Driven by increasing demand for measuring instrument in the United States, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +% for the period from to , which is projected to bring the market volume to tonnes by the end of .
% for the period from to , which is projected to bring the market volume to tonnes by the end of .Market Structure
In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports decreased moderately (- percentage point) over the period under review.
, the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports decreased moderately (- percentage point) over the period under review.Trade Balance
The United States remains a net importer of measuring instrument; in physical and value terms, imports consistently exceeded exports from 2013 to . In , there was a significant trade deficit of tonnes, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
. In , there was a significant trade deficit of tonnes, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
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