Global Level Sensor Market: Overview
A level sensor is an equipment that determines the amount or level of liquids, fluids or other substances that flow in a closed or open system. Therefore, it is used in a variety of tanks, containers, silos, chutes and other vessels wherein the liquid or fluids are stored, processed or released. The level measurement can be either measured at specific points or it can be continuously measured. Continuous level sensors provide continuous, precise and accurate results for level measurement. On the other hand, point level sensors determine low or high levels of a liquid or solid. The global level sensor market was valued at US$3,255.2 mn in 2017 and is anticipated to expand at a CAGR of 5.6 % from 2018 to 2026.
Reasonable Cost of Float Level Sensor to Ensure their Good Growth Rate
Level sensor market has been segmented on the basis of sensor type, technology, application, industry vertical and region. By sensor type, the level sensor market is categorized into capacitance, conductive, float level, microwave/radar, optical, pneumatic, ultrasonic, vibrating point and others. Ultrasonic level sensor comprised the highest market share in 2017 and is expected to hold its position throughout the forecast period. This sensor uses ultrasonic waves to calculate depth of the liquid and is therefore mounted at the top of a tank. It is capable of both, point as well as continuous level measurement. However, amongst all the level sensors, float level sensor is expected to grow at the highest CAGR owing to its reliable performance in reasonable cost and applications in food & beverage, water and wastewater treatment and other industry verticals.
By technology, the level sensor market is segmented into contact type and non-contact type. Non-contact type level sensor is consistently expected to comprise the highest market share between 2018 and 2026. Long and maintenance-free lifespan along with resistance to corrosion are the major driving factors attributed to its dominance.
By application, the level sensor market can be segmented into point level, continuous level and interface level. Continuous level sensors measure the level in a given range and identify the exact amount of liquid in the container or open space. On the other hand, point-level sensors detect levels that are extremely high or low. In 2017, continuous level held the highest share and is further expected to maintain its dominance throughout the forecast period.
By industry vertical, the level sensor market can be classified into chemical, food and beverage processing, oil and gas, pharmaceutical, water & wastewater treatment and others. Water and wastewater treatment held the highest share in 2017 and is further expected to lead the level sensor market. Increasing public awareness regarding water conservation and stringent government regulations on water treatment are the major factors responsible for the growth of this segment.
Asia Pacific Opens Up Lucrative Market for Level Sensors as Manufacturing Activities Gain Momentum
Globally, on the basis of geography, the level sensor market is segmented into North America Europe, Asia Pacific, and the Middle East & Africa, and South America. In 2017, Asia Pacific accounted for the highest market share in the global level sensor market and is expected to dominate the market throughout the forecast period. Growing industrialization and increasing use of automation systems is driving the growth of level sensors in the region. Increasing number of manufacturing activities in the developing countries of Asia Pacific have provided the global level sensor market a much-needed impetus. The rise of foreign direct investment in various verticals is expected to up the demand for level sensors for a score of production processes in the region.
Key players operating in the level sensor market include 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.
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