Level gauges are devices which are used for the measurement of level of liquid in several industrial applications such as in drums, tanks etc. Level gauges are composed of guide wires, anchors, pipe support and brackets float, bottom anchored bracket, measuring tape, elbows, coupling, and pipework. They are used to ensure that proper readings are obtained while measuring the levels.
Manufacturing industries have huge requirement for fluid interface measurements in equipment such as cooking drums, dehydrators, regenerators, settlement tanks, and clarifiers. The need for interface measurement takes place when two immiscible liquids are present in the same vessel. Interfaces can be a liquid-solid interface, liquid-liquid interface, vapor-liquid interface, or foam-liquid interface. Magnetic level gauges are used to obtain precise measurement of the level of upper liquid, bottom liquid, and the level where both the liquids meet. Factors such as automated alarm system and increasing adoption of programmable level gauges are likely to drive the market during the forecast period. Integration of sensors is also witnessing positive growth in the level gauge market and increasing its scope in industries. Reduction of size of sensor, presence of large number of suppliers, easy availability of technology, and the growing usage of multipurpose level sensors in industrial and automotive sectors is resulting in rising demand for level gauges. However, high prices and long life span of level gauge is restricting the growth of the market. Availability of substitutes such as thin film technology is expected to result in slow growth of the level gauge market during the forecast period.
The level gauge market can be categorized on the basis of gauge type, technology, end-user, and geography. In terms of level gauge type, the level gauge market is bifurcated into fuel level, tank level, water level, and mechanical level gauges. On the basis of technology, the level gauge market is segmented into bi color, magnetic, reflexive, and transparent. The end-user segment can be divided into water treatment, oil & gas, petrochemical, pharmaceutical, and bio-tech. Pharmaceutical industry is expected to dominate the market due to requirement of accuracy levels in the measurement of components in drug manufacturing. Initially, drug manufacturers faced many challenges related to measurement which resulted in demand for level sensing gauges. The need to get certified by government agencies and to comply with standards set by various health related organizations and to maintain flawless processes resulted in increasing demand for level gauges in pharmaceutical industries. Moreover, adoption of automation processes in pharmaceutical industries is expected to fuel the demand for level gauges during the forecast period.
In terms of geography, the level gauge market can be segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America. North America is expected to dominate the market due to growing investments in automation and focus on efficiency of processes across oil and gas, pharmaceutical, and food processing industries. The growth of the Asia Pacific market is anticipated to be driven by the presence of a considerable number of sensor manufacturers in China, Korea, and Japan. Rising concerns about the environment and wastewater management are expected to positively influence the market’s growth. The level gauge market in Europe is projected to record significant growth due to the evolving regulatory landscape which is resulting in increasing focus of manufacturers on greater quality and accuracy in food and pharmaceutical industries.
The major industrial players in the level gauge market are Emerson Electric Co., BinMaster, Inc., ABB Measurement & Analytics, Keller America, Inc., Krueger Sentry Gauge Co, OMEGA Engineering, Inc, Sensors ONE, Ltd., KOBOLD Instruments, Inc. etc. The major strategy adopted by these key players are product development and merger & acquisition to remain competitive in the market.
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.