The Business Research Company’s latest report Measuring and Control Instruments Global Market Report 2020 covers Measuring and Control Instruments market drivers, Measuring and Control Instruments market trends, Measuring and Control Instruments market segments, Measuring and Control Instruments market growth rate, Measuring and Control Instruments market major players, and Measuring and Control Instruments market size. The report provides in-depth analysis of the impact of COVID-19 on the Measuring and Control Instruments industry, along with revised market numbers due to the effects of the coronavirus.
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Measuring and Control Instruments Global Market Report 2020 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market. The chapter also covers markets which have been positively affected by the pandemic.
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The global measuring and control instruments market is expected to decline from $759.2 billion in 2019 to $745.9 billion in 2020 at a compound annual growth rate (CAGR) of -1.8%. The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 8% from 2021 and reach $925.4 billion in 2023.
The report covers the Measuring and Control Instruments market’s segments-
1) By Type: Other Electrical Equipment, Electronic Products And Component Manufacturing, Navigational, Measuring, Electro Medical And Control Instruments Manufacturing.
2) By Application: Medical, Electronic, Oil & Gas, Consumer Goods, Chemicals, Others.
3) By Sales Channel: OEM, Aftermarket.
4) By Mode: Online, Offline.
Subsegments Covered: Carbon And Graphite Product, General Electrical Equipment And Component, Vaporizers, E-Cigarettes, And Other Electronic Nicotine Delivery Systems (ENDS), Search, Detection, And Navigation Instruments, Automatic Environmental Control, Industrial Process Variable Instruments, Totalizing Fluid Meter And Counting Device, Electricity And Signal Testing Instruments, Analytical Laboratory Instrument, Watch, Clock, Measuring Device, Magnetic And Optical Media.
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