Global Level Sensors Market: Overview
A rapid rise in the use of level sensors in various intelligent devices has primarily been responsible for driving the global level sensor market to achieve a steady growth. These sensors are increasingly being used in a number of industries such as food and beverages, oil and gas, consumer goods, industrial manufacturing, and many others. Widespread advancements occurring in these sectors that demand the use of better sensors for commencing operations has also caused the global level sensors market to pick up notable pace in recent times.
Contact Level Sensors to Maintain Leading Position throughout the Forecast Period
Under sensor type, the level sensor market is categorized into capacitance, conductive, float level, optical, microwave/radar, vibrating point, and others. Of these, ultrasonic level sensor had gained topmost market share in 2017, and is also expected to hold the same position throughout the forecast period. Apart from this type, the float level sensor is however expected to grow at a rampantly rising CAGR due to its highly beneficial performance in several sectors such as water and wastewater treatment, food and beverage, and other verticals of the industry. This sensor also is growing rapidly as it is highly preferred due to its low expense to use and maintain.
Under technology, the global level sensor market is mainly divided into contact type and non-contact type. Of these, the latter is consistently expected to maintain its dominant position until the end of 2026. These sensors possess long lifespans and require less maintenance to make them work properly, along with being corrosion resistant. These characteristics make users highly prefer the sensors, thereby comprising a key segment of the global level sensor market.
By application, the global level sensor market is mainly divided into three segments: point level, interface level, and continuous level. As of 2017, the continuous level sensors have held a leading spot in the global level sensor market, and its dominance is expected to continue even during the forthcoming years.
From the perspective of the industry vertical, the global level sensor market is segregated into food and beverage processing, pharmaceutical, chemical, and wastewater treatment, and others. Of these, the wastewater treatment segment gained maximum shares in the market in 2017, and is expected to maintain its leading position in the upcoming future. Some of the major factors responsible for making this segment to grow are: rising public awareness about water conservation and stringent government regulations for implementing treatment processes.
Asia Pacific to Continue its Reign in the Global Level Sensors Market
Globally, on the basis of geography, the level sensor market is segmented into Asia Pacific, North America Europe, South America, and the Middle East & Africa. Asia Pacific gained maximum revenue in 2017, and is expected to continue its good run in this market even during the forthcoming years. A rising demand for automation in various industries in this region coupled with extensive industrialization has been mainly responsible for this growth.
SICK AG, Emerson Electric company,Texas Instruments Incorporated,ABB Ltd, Siemens AG, TE Connectivity Ltd, Pepperl+Fuchs GmbH, Endress+Hauser AG, First Sensor AG,FortiveCorporation, Nohken Inc., AMETEK Inc., KrohneMesstechnik GmbH, and among others, are key players operating in the global level sensor market.
Global Level Sensor Market: Snapshot
Global Level Sensor Market report provides analysis for the period 2016 – 2026, wherein the period from 2018 to 2026 is the forecast and 2017 is the base year. The data for 2016 has been included as historical information. The level sensor report covers all the sensor types, technology, applications and industry verticals playing significant role in the global level sensor market’s growth over the forecast period. The report also include various drivers, restraints, and opportunities expected to affect market’s growth during the above mention period. The study provides an entire perspective on the market’s growth in terms of revenue in US$ Mn and Thousand units across different geographical regions such as Asia Pacific, North America, Middle East & Africa, Europe, and South America.
The market overview section of the report demonstrates the market dynamics such as the drivers, restraints, and opportunities that influence the current nature and future status of the market, key indicators and trends. An attractiveness analysis has also been provided for every segment in the report, in order to provide a detailed understanding of the overall scenario in the level sensor market. Moreover, the report provides an overview of various marketing strategies adopted by the key players present in the market. Key market indicators also been included in the report providing significance of the factors that are capable of changing the market scenario. These indicators are expected to define the market position during the forecast period.
Global Level Sensor Market: Segmentation
Level Sensor Market has been segmented on the basis of sensor type, technology, applications and industry verticals. By sensor type, level sensor market is categorized mainly into following categories such as capacitance, conductive, float level, microwave/radar, optical, pneumatic, ultrasonic, vibrating point and others. By technology, it can be segmented as contact type and non-contact type. By application, it can be bifurcated as point level, continuous level and interface level. By Industry vertical, the market can be segmented into chemical, food and beverage processing, oil & gas, pharmaceutical, waste & wastewater treatment and others.
Global Level Sensor Market: Research Methodologies
The report also highlights the competitive landscape of the global level sensor market, thereby positioning all the major players according to their presence in different regions of the world and recent key developments initiated by them in the market. The comprehensive global Level Sensor Market estimates are the result of our in-depth secondary research, primary interviews, and in-house expert panel reviews. These market estimates have been analyzed by taking into account the impact of different political, social, economic, technological, and legal factors along with the current market dynamics that affect global level sensor market growth. This report provides all the essential information required to understand the key developments in the level sensor market, growth trend of each segment and companies strategies to efficiently compete into the market. Also, the report provides insights related to trends and its impact on the market.
Global Level Sensor Market: Competitive Landscape
The report also includes competition landscape which includes competition matrix and market share analysis of major players in the global Level Sensor Market based on their 2017 revenues and profiles of major players. Competition matrix benchmarks leading players on the basis of their capabilities and potential to grow. Factors including market position, offerings and R&D focus are attributed to company’s capabilities. Factors including top line growth, market share, segment growth, infrastructure facilities and future outlook are attributed to company’s potential to grow.
Some of the prominent players in the level sensor market includes ABB Ltd, Emerson Electric company, Siemens AG, TE Connectivity Ltd, First Sensor AG, SICK AG, Texas Instruments Incorporated, Pepperl+Fuchs GmbH, AMETEK Inc., Endress+Hauser AG, Fortive Corporation, Nohken Inc., Krohne Messtechnik GmbH and among others The market is highly fragmented and there is an intense competition among the major players in the level sensor market.
Global Level Sensor Market, by Sensor Type
- Float Level Sensor
- Vibrating Point
Global Level Sensor Market, by Technology
- Contact Type
- Non-Contact Type
Global Level Sensor Market, by Application
- Point Level
- Continuous Level
- Interface Level
Global Level Sensor Market, by Industry Vertical
- Chemical Industry
- Food & Beverage Processing
- Oil & Gas Industry
- Pharmaceuticals Industry
- Water & Wastewater Treatment
Global Level Sensor Market, by Geography
- North America
- Rest of North America
- Rest of Europe
- Asia Pacific (APAC)
- Rest of APAC
- Middle East and Africa (MEA)
- South Africa
- Rest of MEA
- South America
- Rest of South America