Level Sensor Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025

Level Sensor Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025

  • Transparency Market Research
  • Ongoing
  • ICT

Report Description

Sensors play an important role for any measurement and automation process. Level sensor technologies are used for measuring the level of fluidized solids and liquid that includes granular materials, powders, and slurries. For instance, in applications such as water conservations, the digital technology can be connected to microcontrollers to monitor capacity and water usage. Digital level sensors can easily interface with computers and is therefore used in gas measurement technology.

Level sensors used for measurement can be used in several ways. In immersion methods, the frequency response of a capacitor changes as the fluid level rises or falls. Magnetostrictive tank-gauging switches, optical level switches are some other efficient sensors that are used by industries to offer high accuracy.

The rising demand of intelligent devices equipped with microprocessors that provide information about performance of the instrument is expected to boost the market growth. The increasing use of smart sensors capable self-diagnosis and two-way communication is projected to drive the market growth. Further development of technologies like optoelectronics, microelectromechanical systems (MEMS), and photoelectronics is also expected to bolster sensor demand. The huge potential in various applications such as food & water and oil & gas industries, industrial manufacturing and consumer goods has led to enhanced growth. The growth is also expected to be driven by rising advancement of the Industrial Internet of Things (IoT), supportive government regulations and adoptions in the healthcare end-use application. Further, the ability to offer efficiency along with easy maintenance & installation and higher accuracy is anticipated to drive the industry growth in the forecast period. However, the adoption of thin-film technology for measurement purpose is expected to hamper the market growth over the forecast period.

Level sensor market is segmented on the basis of technology, monitoring type and end-use applications. Based on technology, the market is segmented into contact level sensor and non-contact level sensors. The contact level sensor is further categorized into magnetostrictive, vibratory probe, hydrostatic, magnetic & mechanical float, pneumatic and guided wave. The non-contact level sensor is further segmented into ultrasonic, microwave/radar, optical, laser and micro-electro-mechanical systems. On the basis of monitoring type, the market is segmented as Point Level Monitoring and continuous-level monitoring. Furthermore, on the basis of end-use application, the market is fragmented into residential and commercial.

The North America region is expected to witness high growth for level sensor market during the forecast period. This is due to research program of U.S. Environmental Protection Agency (EPA) based on air, climate, and energy has developed a research initiative to survey both O3 and NO2 low-cost sensors. The U.S. EPA works in collaboration with developers as a part of research program to evaluate the characteristics of such sensors. Asia pacific region is also expected to witness substantial growth owing to the presence of a large number of semiconductor manufacturers in China, Korea, and Japan. Additionally, the growing concern toward the water management and environment. Furthermore, government regulations to maintain the quality of food is also anticipated to spur the adoption of level sensors in the food processing industry. The European market is anticipated to witness considerable growth in the level sensor market due to its dominance in the Information and Communications Technology (ICT) and computing sectors. Moreover, the market in developing regions, such as the Middle East and Africa (MEA) and Latin America are also expected to grow over the forecast period.

Some of the major players involved in the development of level sensor market include ABB Ltd., Emerson Electric Co., Endress+Hauser AG, Vega Grieshaber KG, Siemens AG, AMETEK, Inc., Honeywell International Inc., First Sensor AG, Fortive Corporation, KROHNE Messtechnik GmbH, Pepperl+Fuchs GmbH, Nohken, Inc., Texas Instruments Incorporated, and TE Connectivity Ltd.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market       

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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