The Europe Level Sensors Market would witness market growth of 8.3% CAGR during the forecast period (2023-2030). In the year 2020, the Europe market's volume surged to 4638.3 thousand units, showcasing a growth of 11.8% (2019-2022).
Industries such as chemical processing, pharmaceuticals, food and beverage, automotive, and electronics heavily rely on level sensors to ensure operational efficiency, safety, and regulatory compliance. In chemical processing plants, level sensors facilitate precise inventory management of hazardous chemicals, preventing overflows or shortages that could lead to safety hazards or production disruptions. Therefore, the UK market utilized 356.48 thousand units of level sensors in industrial manufacturing in 2022.
The Germany market dominated the Europe Level Sensors Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $546.6 million by 2030. The UK market is exhibiting a CAGR of 7.3% during (2023 - 2030). Additionally, The France market would experience a CAGR of 9.1% during (2023 - 2030).
The evolution of sensor technologies and microcontrollers is enhancing the automobile industry, enabling the development of complex systems that provide end-users with better vehicle control and safety. These advancements allow for integrating sensors into various vehicle components, such as braking systems, steering systems, and safety features, to improve overall vehicle performance and safety. This evolution is particularly evident in the increasing use of multipurpose-level sensors in vehicle production and manufacturing industries.
Additionally, automobile production is on the rise, driven by factors such as growing urbanization and the implementation of various sensors to upgrade vehicle safety provisions. As more cities become urbanized, the demand for vehicles, especially in emerging regions, is expected to increase. This trend, coupled with the growing emphasis on safety in vehicle design, is expected to drive the demand for level sensors in the automotive industry.
The expansion of the automotive industry in Italy stimulates technological advancements in sensor technology. As per ITA, the automotive sector is one of Italy’s main industries. In 2022, the automotive sector’s turnover was €92.7 billion, 9.3% of Italy’s manufacturing turnover and 5.2% of Italy’s GDP. Italy produced 782,629 vehicles in 2022 (including 486,111 automobiles, 234,798 light commercial automobiles, and 61,720 trucks and buses). Therefore, the region presents lucrative opportunities for the market.
Free Valuable Insights: The Global Level Sensors Market will Hit USD 9.6 Billion by 2030, at a CAGR of 8.7%
Based on Technology, the market is segmented into Contact (Guided Wave, Magnetostrictive, Hydrostatic, Magnetic & Mechanical Float, Pneumatic, and Others) and Non-Contact (Ultrasonic, Microwave/Radar and Others). Based on Monitoring Type, the market is segmented into Continuous Level Monitoring and Point Level Monitoring. Based on End User, the market is segmented into Industrial Manufacturing, Oil & Gas, Wastewater, Chemical & Pharmaceuticals, Consumer, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
By Technology (Volume, Thousand Units, USD Billion, 2019-2030)
By Monitoring Type (Volume, Thousand Units, USD Billion, 2019-2030)
By End User (Volume, Thousand Units, USD Billion, 2019-2030)
By Country (Volume, Thousand Units, USD Billion, 2019-2030)
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