Market development

Sky, clouds and a city below (aerial view)

Market for high-end industrial instruments is expected to continue growth after strong recovery during the first half of 2021. Life science and power industry markets are expected to continue to grow. Liquid measurements market is expected to continue to recover.

Meteorology market in developed countries is expected to remain stable, while in developing countries demand is expected to continue to suffer and recovery is expected to take longer than in developed markets. Aviation market declined significantly in 2020, and market outlook remains weak, although market is expected to recover gradually. Ground transportation market is expected to be stable. Renewable energy market is expected to continue to grow.

Global economy is expected to continue to recover, and this may lead to worsening component availability in the second half of the year. COVID-19 and its variants may also negatively impact the global economy and its recovery.

Half Year Financial Report January-June 2021, July 23, 2021