Market potential of instrumentation still needs to be tapped

In 2013, the instrumentation industry performed relatively strong in import and export trade. For the third-party testing market, it has brought in more than 160 million yuan of testing equipment and 100,000 inspection teams. With the gradual improvement of the world economic situation, China will have more and more instruments and equipments on the international market stage and gradually join the ranks of international competition.

Instrumentation industry presents a strong development trend

Data show that in 2013, the total value of China’s imports and exports reached 4.16 trillion U.S. dollars, which increased by 7.6% year-on-year after adjusting for the RMB exchange rate. The US will release its full-year trade data for the previous year in February. However, from January to November 2013, the total value of US imports and exports was 3.57 trillion U.S. dollars, which means that China is now basically the world’s largest cargo trading nation.

Throughout 2013, the instrumentation industry performed relatively strong in import and export trade. In terms of exports, the growth rate of industrial automation instrumentation systems, electronic measuring instruments, testing machines, laboratory analysis instruments, and medical instruments in 2013 was all above 40%, and the increase in industrial automation meters and electronic measuring instruments that had not been exported in the past was as high as 76.9% and 104.5%. In terms of imports, in recent years, the value of advanced equipment imported from abroad every year has exceeded RMB 500 billion.

Despite this, China's instrumentation industry still faces serious deficiencies. One of the manifestations is the backwardness of independent research and development of high-end instruments. It is estimated that more than 90% of China's high-end equipment needs to rely on imports. Under such circumstances, improving the research and development of instruments of Chinese science and technology companies has become one of the key points in the development of the instrumentation industry.

The development of China's instrumentation industry is an indispensable and important part of boosting China's becoming a trading power. In 2014, with the gradual improvement of the world economic situation, China will have more and more instrumentation equipments on the international market stage and gradually join the ranks of international competition.

State-owned testing institutes will substantially reform

The National Quality Supervision and Inspection Conference held recently revealed the news that the state-owned inspection agencies will make substantial reforms. The contents of the meeting showed that under the situation in which the new central government has vigorously promoted the change of functions, simplified administration and decentralization, and made major decisions to deepen reforms, it has put forward direct requirements for the reform and development of the national quality supervision, inspection, and quarantine inspections. The General Administration of Quality Supervision, Inspection and Quarantine (AQSIQ) will promote the integration of inspection, inspection and certification institutions with the guidance of promoting the inspection and certification institutions to become bigger and stronger. It is planned that by 2015, the institutional integration of the nature of public institutions will be basically completed, and the restructuring of enterprises will basically be in place. At present, there are some deep-seated contradictions and problems in the inspection and testing institutions of quality inspection systems. For example, the purchase of equipment for new refinement, no cost-benefit analysis, according to instrument information network incomplete statistics, in 2012 the AQSIQ procurement of a total of 1.2 million yuan in more than 324 instruments, including food safety monitoring capacity building project procurement 158 sets/pieces of mass spectrometry instruments; agencies of quality inspection systems are generally unwilling to step out of the walls of their businesses; there are also problems such as incomplete detection systems, weak comprehensive capabilities, lack of innovation power, and lack of market competitiveness in testing prices.

The reform idea of ​​relevant laboratories of the General Administration of Quality Supervision, Inspection and Quarantine (AQSIQ) is to promote the development of inspection and inspection institutions in accordance with the path of specialization, grouping, marketization and internationalization for institutions that can be marketized. Through the deepening of reforms, the following objectives have been achieved: through two types of agencies and three ways to provide inspection and inspection services, three trends in the development of inspection and inspection institutions have emerged. There are two types of institutions, including public welfare government inspection and testing agencies and operational social inspection and testing agencies. Three ways, including the establishment of government laboratories by government departments, maintenance and development of measurement technology facilities to meet the needs of government supervision and national economy and people's livelihood testing; government procurement of social inspection and testing agencies to meet public welfare public inspection services; government recognized social inspection and testing agencies Market behavior. Three trends, one is the scale of testing organizations. The second is the marketization of testing services. The third is the internationalization of testing standards.

According to statistics, the quality of the national quality supervision, inspection, and quarantine inspections has undergone a huge scale of reform, involving a total of 3,625 technical organizations at all levels, 119,884 personnel, total assets of 36.2 billion yuan, equipment and equipment worth as much as 16.5 billion yuan, and 6.3 million laboratories. Square meters. In 2012, Liu Zhuohui, chief engineer of the General Administration of Quality Supervision, Inspection and Quarantine (AQSIQ), revealed in the report of China's Scientific Instrumentation and Test Technology Development Summit Forum that as of the end of 2011, there were 25,669 testing institutions in China. At the same time, she disclosed that in 2008 the total output value of China's quality inspection market was 45 billion yuan, of which the total output value of 25,669 testing agencies in China may be 30 billion yuan each year, and the average annual production value of each testing agency is less than 1.2 million yuan.

Third-party testing industry enters the fast track

Driven by event factors, the testing industry is gradually opening up. As a functional department that is responsible for overseeing relevant government agencies or enterprises, the inspection structure with a government background obviously cannot give a fair and independent test conclusion. With the continuous exposure of groundwater pollution incidents in Shexian County, people’s demand for related inspections Increasingly, the demand for testing by independent third parties is growing rapidly. We predict that the market space for China's inspection industry will increase from approximately 82.3 billion in 2012 to 131.6 billion yuan in 2015, with an annual compound growth rate of approximately 17%.

The trend of de-administration has now emerged, and the private inspection market is expected to expand rapidly. After joining the WTO, foreign investment testing agencies and private inspection agencies constitute the main body of independent third party testing. State-owned testing agencies account for about 60% of all testing markets. Independent third-party testing accounts for about 40% of all testing markets. The Chinese government is gradually putting Open up the supervision of the testing market. According to our calculations, private-sense inspection agencies benefit most when state-owned testing agencies transfer certain markets, and a 3.77% increment can be achieved for each 1% transfer.

With intensive cultivation and comprehensive layout, the company became the first beneficiary of the rapid expansion of the market. The company has become the leading company in the third party independent inspection industry in China, providing one-stop quality solutions for multiple industries and enterprises. It is the largest private comprehensive testing service provider in China and is expected to use the fund-raising project to plough the life science testing business. Extensional M&A expands industrial product inspection services and expands the inspection business chain.