Description
Over the past ten years, China has emerged to become the second largest economy in the world. The country has a profound impact on many global industries, including the life science and analytical instrument industry. The sustained growth of the Chinese economy has driven demand for instrumentation at double digit rates for so long that the country has now become one of the most important markets in the world. Participants in the instrument industry look to China to provide a source of needed growth in today s economic climate.
Total Chinese demand for instrumentation will top $4 billion in 2013. Growth continues, but there are important changes in the Chinese market. Some technologies are currently prospering, while others have cooled. The future will bring even greater changes, driven by many different aspects of the situation in China: government spending priorities, global outsourcing trends, crises in food safety and the environment. But perhaps the most important trend in the Chinese market is the continuing development of the domestic Chinese instrument industry, which is increasingly providing significant competition to global suppliers in China. Furthermore, many of these Chinese companies have now reached sufficient size and strength to begin operating globally.
In this report, SDi provides market data and intelligence that provides a full description of the Chinese market as it exists now, and how it will evolve in the future. The report provides analyses of all of the major technology areas covered by SDi, including estimates of market size and growth, trends in applications and industrial usage, as well as the competitive situation among the global players and domestic Chinese manufacturers. The strategic situation in China is described, and profiles are provided for a number of Chinese and global instrument suppliers that are significant in the Chinese market.
