Overview of the Market for Measuring And Controlling Device in the USA
In value terms, measuring and controlling device production reduced to $ in 2019. The total output value increased at an average annual rate of +% over the period from 2013 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of % against the previous year. Over the period under review, production attained the peak level at $ in 2018, and then fell in the following year.
The revenue of the measuring and controlling device market in the U.S. stood at $ in 2019, surging 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). The market value increased at an average annual rate of +% over the period from 2013 to 2019; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The pace of growth was the most pronounced in 2014 when the market value increased by % against the previous year. Measuring and controlling device consumption peaked in 2019 and is likely to see gradual growth in years to come.