The Global Level Sensor Market size is expected to reach $6.8 billion by 2025, rising at a market growth of 8.2% CAGR during the forecast period. A level sensor is a tool for measuring the amount or quantity of fluids, liquids or other substances flowing through an open or closed system. There are two categories of level measurement, called the continuous and point level measurements. Continuous level sensors are used to calculate levels to a specific threshold; however, they provide accurate results. Point level sensors, on the other hand, only determine a number if the level of the liquid is high or low. The level sensors are usually connected to the output device to pass the results to the monitoring system. Existing technologies utilize wireless data transmission methods to send data to the monitoring system, which is an effective approach in elevated and dangerous environments that cannot be easily accessed by regular employees.
Global Level Sensors Market Size
The market size is expected to see healthy growth from 2019 to 2025 due to its growing use in the oil & gas industry to calculate and track oil & gas flow, together with increasing demand for miniaturized smart instruments. Moreover, factors like low cost, presence of a large number of manufacturers with appropriate government regulations, provide significant growth opportunities for the level sensors market. Diverse deployment in the automotive and manufacturing industries and the escalated demand for residential and commercial use are raising the market for level sensors. Next-generation products can be easily installed and configured and provide data with high accuracy and performance. The wide range of applications of level sensors includes measurement of tank levels, inventory of liquid assets, monitoring of stream level, dredging spoil levels, obstacle warning systems, automotive parking.
Level Sensors Market Share
The transformation from mechanical equipment to electronic devices has been observed in the market of level sensors due to improved precision, user-friendly technology that doesn't require much maintenance and operation. Active investments by organizations in the research and development of nanotechnology applications are fueling the market for level sensors to grow exponentially. Such sensing techniques are used to measure the level of liquid and liquid solids, including powders, slurries, and granular materials.
Based on Technology, the market is segmented into Contact Level Sensor and Noncontact Level Sensor. Contact Level Sensors are further sub divided into Guided Wave, Magnetostrictive, Hydrostatic, Magnetic & Mechanical Float, Pneumatic and Others. Non-Contact Level Sensors market is further bifurcated into 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 Regions, the market is segmented into North America, Europe, Asia Pacific, and Latin America, Middle East & Africa.
Free Valuable Insights: Global Level Sensors Market to reach a market size of $6.8 billion by 2025
Level Sensors Market Cardinal Matrix
The major strategies followed by the market participants are Product launches and Acquisition and Product Launches. Based on the Analysis presented in the Cardinal matrix, ABB Group, Emerson Electric Co., TE Connectivity Ltd., Fortive Corporation, Texas Instruments, Inc., Siemens AG, and Honeywell International, Inc. are some of the forerunners in the Level Sensors Market. The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include TE Connectivity Ltd., Emerson Electric Co., ABB Group, Siemens AG, Ametek, Inc., Honeywell International, Inc., Fortive Corporation, Texas Instruments, Inc., MTS Systems Corporation, Sensirion AG.
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Market Segmentation:
By Technology
By Monitoring Type
By End User
By Geography
Companies Profiled
According to a new report published by KBV Research, The global level sensors market size is expected to reach $6.8 billion by 2025.
The major factors that are anticipated to drive the level sensors industry include development of smaller, smarter, and cheap sensors, growth of smart application and advancement in ict-enabled technologies, level detection of granular materials.
Wastewater market sector is expected to witness the highest CAGR of 10% during 2019 to 2025.
Asia Pacific region is projected to record the largest market share in the level sensor market during the forecast period.
The leading player in level sensors market includes TE Connectivity Ltd., Emerson Electric Co., ABB Group, Siemens AG, Ametek, Inc., Honeywell International, Inc., Fortive Corporation, Texas Instruments, Inc., MTS Systems Corporation, Sensirion AG.
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