Overview of the Market for Measuring And Controlling Device in the USA

The U.S. measuring and controlling device market rose to $ in 2019, with an increase of % 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 only minor fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 when the market value increased by % year-to-year. Over the period under review, the market reached the maximum level in 2019 and is likely to see gradual growth in the near future.

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.

In 2019, approx. units of other measuring and controlling devices were consumed in the U.S.; declining by -% against the previous year's figure. Over the period under review, consumption showed a noticeable setback. The pace of growth was the most pronounced in 2018 when the consumption volume increased by % against the previous year. Over the period under review, consumption attained the maximum volume at units in 2013; however, from 2014 to 2019, consumption failed to regain the momentum.

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.

Depressed by shrinking demand for measuring and controlling device in the U.S., the market is expected to continue its downward consumption trend over the next decade. The performance of the market is forecast to contract with an anticipated CAGR of -% for the period from 2019 to , which is projected to depress the market volume to units by the end of .

Measuring and controlling device market in the U.S. remained dependent on supplies from foreign countries. In 2019, the share of imports in total consumption was % in value terms and % in physical terms.

The U.S. remains a net importer of measuring and controlling device; in physical and value terms, imports consistently exceeded exports from 2013 to 2019. In 2019, there was a significant trade deficit of units, 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.