Market Scenario:
The global level sensor market is expected to progress at a CAGR of 9% over the forecast period from 2017 to 2023, according to the latest research report published by Market Research Future (MRFR). The report delves into the historical background of the Global Level Sensor Market to find relevant drivers and restraints affecting the market’s progression. The likely impact of these factors on the market’s progress over the forecast period is charted in the report with the help of industry-standard analytical tools.
Level sensors are used in a wide range of industries to prevent leakage. The vital importance of this function in the end-use industries has driven the usage of level sensors in the industrial sector. Industries such as wastewater treatment, pharmaceuticals, chemicals, oil and gas, healthcare, and energy and power are among the leading consumers in the level sensor market. All these industries deal with substances that are too valuable or too harmful to be spilled, leading to a growing use of level sensors in these and other end-use applications.
The growing technological progression in level sensors is likely to be a major driver for the global level sensor market over the forecast period. Over time, mechanical level sensors have been replaced by digital level sensors, which display more accurate results at cheaper costs. This is likely to drive the global level sensor market over the forecast period.
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Industry Updates:
In May 2019, scientists began installing additional sea level sensors in Chatham county, Georgia in anticipation of the hurricane season.
Segmentation:
Level sensor market is bifurcated by technology and application.
- Based on technology, level sensor market is sub-segmented into contact type and non-contact type. The contact level is further sub-segmented into pneumatic, vibratory probe, hydrostatic, magnetic & mechanical float, magneto-strictive, and guided wave. Furthermore, non-contact is sub-segmented into ultrasonic, microwave/radar, optical, laser, micro-electro-mechanical system (MEMS), and others.
- Application segment is further categorized into consumer goods, automobile, industrial manufacturing, chemicals, dry bulk, pharmaceuticals, waste & water management, oil & gas, energy & power, and healthcare.
Key Players
The prominent players in level sensor market are Texas Instruments Incorporated (U.S.), Siemens AG (Germany), Fortive Corporation (U.S.), Honeywell International Inc. (U.S.), First Sensor AG (Germany), ABB Ltd. (Switzerland), Vega Grieshaber KG (Germany), KROHNE Messtechnik GmbH (Germany), Nohken, Inc. (Japan), TE Connectivity Ltd. (Switzerland), Pepperl+Fuchs GmbH (Germany), AMETEK, Inc. (U.S.), and Endress+Hauser AG (Switzerland).
Regional analysis
Geographically, Level Sensor market has been bifurcated into North America, Europe, Asia Pacific Latin America and Middle East & Africa.
Asia Pacific region is expected to be the fastest and promising region of level sensor market owing to increased adoption of level sensor in manufacturing and automotive sector. China, Japan and India are presumed to be prominent countries of Asia Pacific region. Also, increased demand for sensors in automotive industries associated with increased demand for commercial vehicles is presumed to propel the level sensor market over the forecast period.
North America is expected to a prominent region of level sensor market. This is attributed to increased adoption of level sensors in waste and water treatment plants associated with the strict regulations of the U.S government to control the harmful effluents from the manufacturing companies. The U.S and Canada are leading countries of the North America region. Europe is anticipated to have a substantial growth of level sensor market over the forecast period.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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Intended Audience
- Technology Investors
- Research/Consultancy Firms
- Level sensor software vendors
- Raw material and manufacturing equipment suppliers
- Original equipment manufacturers (OEMs)
- OEM technology solution providers
- Forums, alliances, and associations
- Technology investors
- Micro-Electro-Mechanical System (MEMS) manufacturer
- Governments and financial institutions
- Analysts and strategic business planners
About Market Research Future:
Market Research Future (MRFR) is a global market research firm that takes great pleasure in its services, providing a detailed and reliable study of diverse industries and consumers worldwide. MRFR's methodology integrates proprietary information with different data sources to provide the client with a comprehensive understanding of the current key trends, upcoming events, and the steps to be taken based on those aspects.
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