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Click Insert Component Command
on the vertical toolbar.
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Select the pipe, pipe end, or nozzle in which to insert the tagged component. If you select a pipe, the point at which you identify the pipe is used as the placement point.
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In the Type list, select <Specify Component Tag> to display the Specify Component Tag Dialog.
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In the Component tag box, select a component tag from the list of available tags.
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Click OK, and then click Finish to confirm the component placement.
When placing instruments on a pipe, the software uses the divisor point location
as the placement point if the divisor point glyph 
is displayed when you select the pipe. This functionality allows you to place instruments
at the mid-point of a pipe for example. You can set the number of divisor points on
the Tools > Options > SmartSketch3D tab.