Market for Measuring And Controlling Device in the United States
In value terms, measuring and controlling device production expanded to $ in . The total output value increased at an average annual rate of +% over the period from 2013 to ; 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 % year-to-year. Over the period under review, production hit record highs at $ in 2018; however, from 2019 to , production failed to regain the momentum.
The revenue of the measuring and controlling device market in United States declined to $ in , shrinking 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). In general, consumption recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the market value increased by % year-to-year. Over the period under review, the market hit record highs at $ in 2019, and then declined in the following year.