New Development of Instrument and Equipment Industry in China

With the implementation of a series of national key projects, the instrument industry, which has been neglected, has been increasingly valued and supported by the government. The National People's Congress adopted the Outline of the Tenth Five-Year Plan for the National Economic and Social Development of the People's Republic of China, studied and formulated policies and measures for the revitalization of equipment manufacturing industry, and put instruments and meters in an important position for the first time. This has a very important positive impact on the development of the entire instrument industry.

With the deepening of industrialization, China is stepping into the era of heavy chemical industry. The remarkable characteristics of heavy chemical industry are the rapid development of housing, automobile, infrastructure construction, steel, non-ferrous metal, machinery, chemical industry, electric power, coal, petroleum and other industries. On the one hand, the development of the above industries needs the backing of the manufacturing equipment industry of instruments and meters, without the synchronization of the industry of instruments and meters. The development of heavy chemical industry will not be realized. According to the forecast of the authoritative department, due to the rapid development of the electric power industry, the annual demand for electrical instruments and instruments in the domestic market will be maintained at 60 million sets in the next few years. In addition, the metallurgical, electric power, coal, chemical industry, oil field, medicine, light industry and other industrial departments need to configure a large number of automation instruments and control systems in addition to thousands of new projects, there are tens of thousands of enterprises need technical transformation, must replace old instruments or components, the demand is extremely huge, growing at a rate of 15% every year.

In addition, during the Tenth Five-Year Plan period, China will continue to implement and restart key projects, such as 863 Plan, Beijing Olympics Project, Beijing-Shanghai High-speed Railway and Intelligent Building, Railway, Expressway, Urban Railway Engineering (Light Rail and Underground Railway), Urban Traffic Control System and Instruments, which will also bring huge business opportunities to the instrument industry.