Level Measuring Equipment Market - Introduction
- Level measuring equipment are used to accurately measure the volume of liquid or gas in a container. Level measuring equipment are used in numerous industries such as oil & gas, automotive, and construction.
- Additionally, level measuring equipment are used in the construction industry during the construction of floors and walls, to obtain the correct measurement of the height and slope of the wall.
- Level measuring equipment are essentially of two types: digital and analog. Digital level measuring equipment have more demand due to its unique feature, i.e. it can provide a more accurate result which is also easily readable compared to analog level measuring equipment.
- Level measuring equipment is used in various applications, such as to measure the pressure level, to monitor the level of fluid, and to measure the electromechanical level.
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Level Measuring Equipment Market - Market Dynamics
Key Drivers of the Level Measuring Equipment Market
- Rising adoption of level measuring equipment, which is used to monitor the level of liquid and pressure levels in various industries such as oil & gas, manufacturing, and power plants, is expected to boost the growth of the market over the forecast period 2019- 2027.
- Increasing demand for level measuring equipment in industries, so as to increase their overall safety and productivity is expected to accelerate the growth of the market.
- The rising population is positively impacting the construction industry. This is one of the major factors expected to boost the growth of the level measuring equipment market in the near future.
- Increasing growth of the oil & gas industry due to rising demand for energy is anticipated to spur growth of the level measuring equipment market over the forecast period. Additionally, level measuring equipment plays an important role in the oil & gas industry due to the high degree of precision needed to properly monitor the systems. This in turn is expected to be the major driver of the level measuring equipment market.
Restraint of the Level Measuring Equipment Market
- Trained and skilled technicians are required for the testing and maintenance of level measuring equipment as they are highly delicate devices. This is one of the negative factors that can hamper the level measuring equipment market.
Asia Pacific to Hold Significant Share of the Level Measuring Equipment Market
- In terms of region, the global level measuring equipment market can be divided into North America, Europe, Asia Pacific, Middle East & Africa, and South America.
- Asia Pacific is expected to hold significant share of the level measuring equipment market due to the rising construction activities and industrial growth. This in turn is expected to enhance the demand for level measuring equipment in the Asia Pacific region.
- Demand for level measuring equipment in North America is expected to increase significantly due to the extensive adoption rate of advanced level measuring equipment.
- Growing demand for automobiles is expected to accelerate the growth of the level measuring equipment market in Europe.
- The level measuring equipment market is expecting to witness significant growth in Middle East & Africa due to the booming oil & gas industry.
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Level Measuring Equipment Market - Competitive Landscape
Few local, regional, and international players are found in the level measuring equipment market. Manufacturers of level measuring equipment adopt two vital strategies - new product development with advanced technology, and acquisition- to cater to the needs of numerous end-users. Furthermore, the global level measuring equipment market is highly consolidated, with top manufacturers accounting for approximately 25%–30% of the market share. Key players operating in the global level measuring equipment market include:
- Emerson Electric Co.
- Endress+Hauser Management AG
- Klay Instruments B.V.
- Nivus GmbH
- OMEGA Engineering Inc.
- Sapcon Instruments (P) Ltd.
- Siemens AG
- VEGA India Level and pressure measurement Pvt. Ltd.
Global Level Measuring Equipment Market, Research scope
The global level measuring equipment market can be segmented based on:
- Product Type
- Measuring Technique
Global Level Measuring Equipment Market, by Product Type
Based on product type, the global level measuring equipment market can be segmented into:
- Level Gauge
- Float type
- Hydrostatic Pressure Measurement
- Displacement Type
- Echo Type
- Ultrasonic Type
Global Level Measuring Equipment Market, by Measuring Technique
In terms of measuring technique, the global level measuring equipment market can be segmented into:
- Continuous Level
- Point Level
- Infill Prevention
- Solids measurement
Global Level Measuring Equipment Market, by Types
Based on types, the global level measuring equipment market can be categorized into:
Global Level Measuring Equipment Market, by Industry
Based on industry, the global level measuring equipment market can be segregated into:
- Oil and Gas
- Manufacturing and Fabrication
- Water and Wastewater Treatment Plants
Global Level Measuring Equipment Market, by Region
Regional analysis of the level measuring equipment market includes:
- North America
- Rest of North America
- Russia & CIS
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- South America
- Rest of South America
- Middle East & Africa
- South Africa
- Rest of Middle East & Africa
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