The market is dominated by domestic suppliers, as imports account for 41.8% of total market size in 2022. B2B drives market demand, with B2B spending representing 98.6% of total demand in 2022. The US has the largest market size for industrial process control equipment across the top 20 developed countries, with demand reaching USD17.9 billion in 2022. Emerson Electric Co is the largest company in the US, generating 23.4% of the industry’s total production value in 2022. The industry is concentrated, with the top five companies generating 70.5% of total production value in 2022. The total number of companies decreases in 2022, to 2,238 units. The costs of the industry increase by 5% in 2022, largely driven by rising B2B costs. The industry’s profitability increases and stands at 4.2% of production value in 2022, the 15th highest across the top 20 developed countries. The industry’s exports share increases in 2022 to 32.6% of total production output. With production value of USD14.7 billion, the US accounts for 87.0% of the North America total in 2022.
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This Euromonitor industrial report provides unique information on Industrial Process Control Equipment in the US: ISIC 3313. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Industrial Process Control Equipment in the US: ISIC 3313 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
This is the aggregation of electricity generation, distribution and storage equipment, computers, office machinery and communications equipment, and medical and precision equipment.
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