HOME Top Market Reports Level Sensor Market by Technology (Contact ( Magnetostrictive, Vibratory Probe), and Noncontact (Ultrasonic, Optical)), Monitoring Type (Continuous Level Monitoring, and Point Level Monitoring), End-Use Application, and Geography - Global Forecast to 2023

Level Sensor Market by Technology (Contact ( Magnetostrictive, Vibratory Probe), and Noncontact (Ultrasonic, Optical)), Monitoring Type (Continuous Level Monitoring, and Point Level Monitoring), End-Use Application, and Geography - Global Forecast to 2023

By: marketsandmarkets.com
Publishing Date: June 2017
Report Code: SE 2499

 

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The level sensor market was valued at USD 3.58 Billion in 2016 and is expected to reach USD 5.32 Billion by 2023, growing at a CAGR of 5.66% between 2017 and 2023. The base year used for this study is 2016 and the forecast period is between 2017 and 2023. This report provides a detailed analysis of the level sensor market on the basis of technology, monitoring type, end-use application, and geography.

Objectives of the Study

  • To define, describe, and forecast the level sensor market, in terms of value, on the basis of technology, monitoring type, end-use application, and geography
  • To define, describe, and forecast the level sensor market, in terms of volume, on the basis of technology
  • To forecast the market size for various segments, in terms of value, with regard to four main regions—North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW)
  • To provide detailed information regarding the major factors influencing the growth of the level sensor market (drivers, restraints, opportunities, and challenges)
  • To analyze the micromarkets with respect to the individual growth trends, prospects, and contribution to the total market
  • To provide a detailed overview of the value chain of the level sensor market
  • To analyze the opportunities in the market for various stakeholders by identifying the high-growth segments of the level sensor market
  • To strategically profile the key players in the market and comprehensively analyze their market position in terms of the ranking and core competencies, along with detailing the competitive landscape for market leaders
  • To analyze the strategic developments such as product developments, product launches, collaborations, mergers and acquisitions, and expansions carried out in the level sensor market

The research methodology used to estimate and forecast the level sensor market begins with capturing data on key vendor revenues through secondary research. Some of the secondary sources include associations such as Center for Advanced Sensor Technologies, International Frequency Sensor Association (IFSA, Spain), Semiconductor Equipment and Materials International (SEMI, US). Moreover, the vendor offerings have been taken into consideration to determine the market segmentation. The bottom-up procedure has been employed to arrive at the size of the overall level sensor market from the revenue of the key players in this market. After arriving at the overall market size, the total market has been split into several segments and subsegments, which have been verified through primary research by conducting extensive interviews with key experts such as CEOs, VPs, directors, and executives. The data triangulation and market breakdown procedures have been employed to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments. The breakdown of the profiles of primary respondents is depicted in the following figure.

Level Sensors Market

To know about the assumptions considered for the study, download the pdf brochure

The level sensor market comprises players such as ABB Ltd. (Switzerland), Emerson Electric Co. (US), Endress+Hauser AG (Switzerland), Vega Grieshaber KG (Germany), Siemens AG (Germany), AMETEK, Inc. (US), Honeywell International Inc. (US), First Sensor AG (Germany), Fortive Corporation (US), KROHNE Messtechnik GmbH (Germany), Pepperl+Fuchs GmbH (Germany), Nohken, Inc. (Japan), Texas Instruments Incorporated (US), and TE Connectivity Ltd. (Switzerland).

Target Audience:

  • Raw material and manufacturing equipment suppliers
  • Original equipment manufacturers (OEMs)
  • OEM technology solution providers
  • Research institutes
  • Market research and consulting firms
  • Forums, alliances, and associations
  • Technology investors
  • Governments and financial institutions
  • Analysts and strategic business planners
  • End users who want to know more about the technology and the latest technological developments in the industry

Level Sensor Market Scope:

The level sensor market, in terms of technology, monitoring type, end-use application, and geography has been covered in detail in this report. To provide a holistic picture, the current market demand and forecasts have also been included in the report. The level sensor market has been segmented as follows:

By Technology

  • Contact Level Sensors
    • Magnetostrictive
    • Vibratory Probe
    • Hydrostatic
    • Magnetic & Mechanical Float
    • Pneumatic
    • Guided Wave
    • Other Contact Level Sensors (Rotating Paddle, Resistive Chain, Weight and Cable)
  • Noncontact Level Sensors
    • Ultrasonic
    • Microwave/Radar
    • Optical
    • Laser
    • Micro-Electro-Mechanical Systems (MEMS)
    • Other Noncontact Level Sensors (Capacitance, Conductivity, Nuclear, Air Bubbler, and Load Cells)

By Monitoring Type  

  • Point Level Monitoring
  • Continuous Level Monitoring 

By End-use Application

  • Consumer Goods
  • Industrial Manufacturing
  • Chemicals
  • Pharmaceuticals
  • Wastewater
  • Oil and Gas
  • Energy and Power
  • Healthcare
  • Others (Agriculture, Paper and Pulp, Construction)

By Geography

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • UK
    • Italy
    • Rest of Europe (RoE)
  • Asia Pacific (APAC)
    • China
    • India
    • Japan
    • South Korea
    • Rest of APAC (RoAPAC)
  • Rest of the World (RoW)
    • South America
    • Middle East & Africa

Available Customizations:

With the given market data, MarketsandMarkets offers customizations according to the company's specific needs. The following customization options are available for this report:

  • Market size for 2018, 2020, and 2022 for segments such as technology, monitoring type, end-use application, and geography.
  • Company Information: Detailed analysis and profiling of additional market players (up to five)

Table of Contents

1 Introduction (Page No. - 16)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Study Scope
           1.3.1 Markets Covered
           1.3.2 Geographic Scope
           1.3.3 Years Considered for the Study
    1.4 Currency
    1.5 Package Size
    1.6 Limitations
    1.7 Stakeholders

2 Research Methodology (Page No. - 20)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primaries
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
                    2.2.1.1 Revenue of Companies in the Level Sensor Market
                    2.2.1.2 Analysis of Asps for Level Sensors
                    2.2.1.3 Shipment Analysis for Level Sensors
           2.2.2 Top-Down Approach
                    2.2.2.1 Estimating Value and Volume From Secondary Sources
                    2.2.2.2 Validating Derived Results With Companies’ Revenue and Primaries
                    2.2.2.3 Mapping Segment-I With the Remaining Segments Individually Through the “Water-Fall Model”
    2.3 Market Breakdown & Data Triangulation
    2.4 Research Assumptions

3 Executive Summary (Page No. - 31)

4 Premium Insights (Page No. - 37)
    4.1 Attractive Opportunities in the Level Sensor Market
    4.2 Level Sensor Market, By Technology (2017–2023)
    4.3 Market, By Monitoring Type (2017–2023)
    4.4 Level Sensor Market, By End-Use Application (2017–2023)
    4.5 Market, By Region and End-Use Application
    4.6 Level Sensor Market, By Geography (2017–2023)

5 Market Overview (Page No. - 41)
    5.1 Market Dynamics
           5.1.1 Drivers
                    5.1.1.1 Rise in the Production of Vehicles
                    5.1.1.2 Development of Smaller, Smarter, and Cheaper Sensors
                    5.1.1.3 Supportive Government Regulations
                    5.1.1.4 Growing Adoption of Level Sensors in the Healthcare End-Use Application
                    5.1.1.5 Increasing Advancement of the Industrial Internet of Things (IIoT) and Industry 4.0
           5.1.2 Restraints
                    5.1.2.1 High Integration Cost of Thin-Film Technology
                    5.1.2.2 Increasing Competition From Tier 1 Players
                    5.1.2.3 Fluctuating Market Trend Observed in Mature End-Use Applications Likely to Hamper the Demand for Level Sensors
           5.1.3 Opportunities
                    5.1.3.1 Growth of Smart Application and Advancement in Ict-Enabled Technologies
                    5.1.3.2 Increasing Development of Nanotechnology Applications
           5.1.4 Challenge
                    5.1.4.1 Technical Issue Related to Accuracy

6 Industry Trends (Page No. - 49)
    6.1 Introduction
    6.2 Value Chain Analysis
           6.2.1 Core Industry Segments
                    6.2.1.1 Research and Development Institutions
                    6.2.1.2 Manufacturing and Assembly
                    6.2.1.3 Distribution and Marketing and Sales
                    6.2.1.4 End Users
    6.3 Key Industry Trends in the Level Sensor Market
    6.4 Regulations Related to Level Sensors
           6.4.1 Regulations and Standards Related to Level Sensors

7 Level Sensor Market, By Technology (Page No. - 53)
    7.1 Introduction
    7.2 Contact Level Sensor
           7.2.1 Magnetostrictive
           7.2.2 Vibratory Probe
           7.2.3 Hydrostatic
           7.2.4 Magnetic & Mechanical Float
           7.2.5 Pneumatic
           7.2.6 Guided Wave
           7.2.7 Other Contact Type Technology
                    7.2.7.1 Rotating Paddle
                    7.2.7.2 Resistive Chain
                    7.2.7.3 Weight and Cable
    7.3 Noncontact Level Sensor
           7.3.1 Ultrasonic
           7.3.2 Microwave/Radar
           7.3.3 Optical
           7.3.4 Laser
           7.3.5 Other Noncontact Type Technology
                    7.3.5.1 Capacitance
                    7.3.5.2 Conductive
                    7.3.5.3 Nuclear
                    7.3.5.4 Air Bubbler
                    7.3.5.5 Load Cell

8 Level Sensor Market, By Monitoring Type (Page No. - 85)
    8.1 Introduction
    8.2 Continuous Level Monitoring
           8.2.1 Magnetostrictive
           8.2.2 Resistive Chain Level
           8.2.3 Magnetoresistive
           8.2.4 Hydrostatic Pressure Level
           8.2.5 Air Bubbler
           8.2.6 Gamma Ray
    8.3 Point Level Monitoring
           8.3.1 Vibratory Probe
           8.3.2 Rotating Paddle
           8.3.3 Admittance
           8.3.4 Magnetic & Mechanical Float
           8.3.5 Pneumatic
           8.3.6 Conductive

9 Level Sensor Market, By End-Use Application (Page No. - 92)
    9.1 Introduction
    9.2 Consumer Goods
    9.3 Industrial Manufacturing
    9.4 Energy & Power
    9.5 Healthcare
    9.6 Oil & Gas
    9.7 Chemicals
    9.8 Pharmaceuticals
    9.9 Wastewater
    9.10 Others
           9.10.1 Agricultural
           9.10.2 Paper & Pulp
           9.10.3 Construction

10 Geographic Analysis (Page No. - 112)
     10.1 Introduction
     10.2 North America
             10.2.1 US
             10.2.2 Canada
             10.2.3 Mexico
     10.3 Europe
             10.3.1 UK
             10.3.2 Germany
             10.3.3 France
             10.3.4 Italy
             10.3.5 Rest of Europe
     10.4 Asia Pacific
             10.4.1 China
             10.4.2 Japan
             10.4.3 India
             10.4.4 South Korea
             10.4.5 Rest of APAC
     10.5 Rest of the World
             10.5.1 South America
             10.5.2 Middle East & Africa

11 Competitive Landscape (Page No. - 130)
     11.1 Overview
     11.2 Key Players in the Level Sensor Market
     11.3 Vendor Dive Overview
             11.3.1 Vanguards
             11.3.2 Innovator
             11.3.3 Dynamic
             11.3.4 Emerging
     11.4 Competitive Benchmarking
             11.4.1 Analysis of Product Portfolio of Major Players in the Level Sensor Market (25 Players)
             11.4.2 Business Strategies Adopted By Major Players in the Level Sensor Market (25 Players)

Top 25 Companies Analyzed for This Study are - ABB Ltd. (Switzerland), Emerson Electric Co. (US), Endress+Hauser AG (Switzerland), Vega Grieshaber Kg (Germany), Siemens AG (Germany), Ametek Inc. (US), Honeywell International Inc. (US), Texas Instruments Incorporated (US), TE Connectivity Ltd. (Switzerland), Ifm Electronic GmbH (Germany), Sick AG (Germany), Senix Corporation (US), Automation Products Group, Inc. (US), First Sensor AG (Germany), Fortive Corporation (Gems Sensors, Inc. (US)), Krohne Messtechnik GmbH (Germany), Pepperl+Fuchs GmbH (Germany), Nohken, Inc. (Japan), Binmaster (US), Gill Sensors & Controls (UK), Sensirion AG (Switzerland), Waterline Controls (US), Ssi Technologies, Inc. (US), Automated Sonix Corp. (US), Pic GmbH (Germany)

12 Company Profiles (Page No. - 137)
(Business Overview, Products Offered & Services Strategies, Key Insights, Recent Developments, MnM View)*
     12.1 Introduction
     12.2 ABB Ltd.
     12.3 Emerson Electric Co.
     12.4 Endress+Hauser AG
     12.5 Vega Grieshaber Kg
     12.6 Siemens AG
     12.7 Ametek, Inc.
     12.8 Honeywell International Inc.
     12.9 First Sensor AG
     12.10 Fortive Corporation
     12.11 Krohne Messtechnik GmbH
     12.12 Pepperl+Fuchs GmbH
     12.13 Nohken Inc.
     12.14 TE Connectivity Ltd.
     12.15 Texas Instruments Incorporated
     12.16 Key Innovators
             12.16.1 Bin Master
             12.16.2 Gill Sensors & Controls (UK)
             12.16.3 Sensirion Ag

*Details on Business Overview, Products Offered & Services Strategies, Key Insights, Recent Developments, MnM View Might Not Be Captured in Case of Unlisted Companies.

13 Appendix (Page No. - 182)
     13.1 Insights of Industry Experts
     13.2 Discussion Guide
     13.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     13.4 Introducing RT: Real-Time Market Intelligence
     13.5 Available Customizations
     13.6 Related Reports
     13.7 Author Details


List of Tables (76 Tables)

Table 1 Level Sensor Market, in Terms of Value and Volume, 2014–2023
Table 2 Different National Regulations on Environment Pollution
Table 3 Market, By Technology, 2014–2023 (USD Million)
Table 4 Market, By Technology, 2014–2023 (Million Units)
Table 5 Market, By Contact Type, 2014–2023 (USD Million)
Table 6 Market, By Contact Type, 2014–2023 (Million Units)
Table 7 Market for Contact Type, By End-Use Application, 2014–2023 (USD Million)
Table 8 Market for Contact Type, By Region, 2014–2023 (USD Million)
Table 9 Market for Magnetostrictive Contact Type, By End-Use Application, 2014–2023 (USD Million)
Table 10 Market for Magnetostrictive Contact Type, By Region, 2014–2023 (USD Million)
Table 11 Market for Vibratory Probe Contact Type, By End-Use Application, 2014–2023 (USD Million)
Table 12 Market for Vibratory Probe Contact Type, By Region, 2014–2023 (USD Million)
Table 13 Market for Hydrostatic Contact Type, By End-Use Application, 2014–2023 (USD Million)
Table 14 Market for Hydrostatic Contact Type, By Region, 2014–2023 (USD Million)
Table 15 Market for Magnetic and Mechanical Float Contact Type, By End-Use Application, 2014–2023 (USD Million)
Table 16 Level Sensor Market for Magnetic and Mechanical Float Contact Type, By Region, 2014–2023 (USD Million)
Table 17 Market for Pneumatic Contact Type, By End-Use Application, 2014–2023 (USD Million)
Table 18 Market for Pneumatic Contact Type, By Region, 2014–2023 (USD Million)
Table 19 Market for Guided Wave Contact Type, By End-Use Application, 2014–2023 (USD Million)
Table 20 Market for Guided Wave Contact Type, By Region, 2014–2023 (USD Million)
Table 21 Market for Other Contact Type, By End-Use Application, 2014–2023 (USD Million)
Table 22 Market for Other Contact Type, By Region, 2014–2023 (USD Million)
Table 23 Level Sensor Market, By Noncontact Type, 2014–2023 (USD Million)
Table 24 Market, By Noncontact Type, 2014–2023 (Thousand Units)
Table 25 Market for Noncontact Type, By End-Use Application, 2014–2023 (USD Million)
Table 26 Market for Noncontact Type, By Region, 2014–2023 (USD Million)
Table 27 Level Sensor Market for Ultrasonic Noncontact Type, By End-Use Application, 2014–2023 (USD Million)
Table 28 Market for Ultrasonic Noncontact Type, By Region, 2014–2023 (USD Million)
Table 29 Market for Microwave/Radar Noncontact Type, By End-Use Application, 2014–2023 (USD Million)
Table 30 Market for Microwave/Radar Noncontact Type, By Region, 2014–2023 (USD Million)
Table 31  Market for Optical Noncontact Type, By End-Use Application, 2014–2023 (USD Million)
Table 32 Market for Optical Noncontact Type, By Region, 2014–2023 (USD Million)
Table 33 Market for Laser Noncontact Type, By End-Use Application, 2014–2023 (USD Million)
Table 34 Market for Laser Noncontact Type, By Region, 2014–2023 (USD Million)
Table 35 Market for Other Noncontact Type, By End-Use Application, 2014–2023 (USD Million)
Table 36 Market for Other Noncontact Type, By Region, 2014–2023 (USD Million)
Table 37 Market, By Monitoring Type, 2014–2023 (USD Million)
Table 38 Market for Continuous Level Monitoring Type, By Region, 2014–2023 (USD Million)
Table 39 Market for Point Level Monitoring Type, By Region, 2014–2023 (USD Million)
Table 40 Market, By End-Use Application, 2014–2023 (USD Million)
Table 41 Market for Consumer Goods, By Contact Type, 2014–2023 (USD Million)
Table 42 Market for Consumer Goods, By Noncontact Type, 2014–2023 (USD Million)
Table 43 Market for Industrial Manufacturing, By Contact Type, 2014–2023 (USD Million)
Table 44 Market for Industrial Manufacturing, By Noncontact Type, 2014–2023 (USD Million)
Table 45 Market for Energy & Power, By Contact Type, 2014–2023 (USD Million)
Table 46 Market for Energy & Power, By Noncontact Type, 2014–2023 (USD Million)
Table 47 Level Sensor Market for Healthcare, By Contact Type, 2014–2023 (USD Million)
Table 48 Market for Healthcare, By Noncontact Type, 2014–2023 (USD Million)
Table 49 Market for Oil & Gas, By Contact Type, 2014–2023 (USD Million)
Table 50 Market for Oil & Gas, By Noncontact Type, 2014–2023 (USD Million)
Table 51 Market for Chemicals, By Contact Type, 2014–2023 (USD Million)
Table 52 Market for Chemicals, By Noncontact Type, 2014–2023 (USD Million)
Table 53 Market for Pharmaceuticals, By Contact Type, 2014–2023 (USD Million)
Table 54 Market for Pharmaceuticals, By Noncontact Type, 2014–2023 (USD Million)
Table 55 Market for Wastewater, By Contact Type, 2014–2023 (USD Million)
Table 56 Market for Wastewater, By Noncontact Type, 2014–2023 (USD Million)
Table 57 Market for Others, By Contact Type, 2014–2023 (USD Million)
Table 58 Market for Others, By Noncontact Type, 2014–2023 (USD Million)
Table 59 Market, By Region, 2014–2023 (USD Million)
Table 60 Market in North America, By Country, 2014–2023 (USD Million)
Table 61 Market in North America, By Contact Type, 2014–2023 (USD Million)
Table 62 Market in North America, By Noncontact Type, 2014–2023 (USD Million)
Table 63 Market in North America, By Monitoring Type, 2014–2023 (USD Million)
Table 64 Market in Europe, By Country, 2014–2023 (USD Million)
Table 65 Market in Europe, By Contact Type, 2014–2023 (USD Million)
Table 66 Market in Europe, By Noncontact Type, 2014–2023 (USD Million)
Table 67 Market in Europe, By Monitoring Type, 2014–2023 (USD Million)
Table 68 Market in APAC, By Country, 2014–2023 (USD Million)
Table 69 Market in APAC, By Contact Type, 2014–2023 (USD Million)
Table 70 Market in APAC, By Noncontact Type, 2014–2023 (USD Million)
Table 71 Level Sensor Market in APAC, By Monitoring Type, 2014–2023 (USD Million)
Table 72 Market in RoW, By Region, 2014–2023 (USD Million)
Table 73 Market in RoW, By Contact Type, 2014–2023 (USD Million)
Table 74 Market in RoW, By Noncontact Type, 2014–2023 (USD Million)
Table 75 Market in RoW, By Monitoring Type, 2014–2023 (USD Million)
Table 76 Market Ranking of Key Players in the Market, 2016


List of Figures (60 Figures)

Figure 1 Market Segmentation
Figure 2 Research Flow
Figure 3 Research Design: Level Sensor Market
Figure 4 Data Triangulation
Figure 5 Assumptions of the Research Study
Figure 6 Level Sensor Market (2014–2023)
Figure 7 Snapshot of Market, By Technology (2017–2023)
Figure 8 Continuous Level Monitoring Expected to Hold Major Share During Forecast Period
Figure 9 Industrial Manufacturing End-Use Application Likely to Surpass Oil & Gas in Overall Level Sensor Market Between 2017 and 2023
Figure 10 APAC Held Largest Share of Level Sensor Market in 2016
Figure 11 Market Expected to Grow at A Significant Rate Between 2017 and 2023 Owing to Supportive Government Regulations
Figure 12 Noncontact Level Sensors Expected to Hold Major Share of Level Sensor Market Between 2017 and 2023
Figure 13 Point Level Monitoring Type Expected to Grow at Highest CAGR in Market Between 2017 and 2023
Figure 14 Industrial Manufacturing End-Use Application Expected to Hold Major Share of Level Sensor Market During Forecast Period
Figure 15 APAC Held the Largest Share of the Level Sensors Market in 2016
Figure 16 US Expected to Hold Largest Share of the Level Sensor Market in 2016
Figure 17 Market Dynamics: Overview
Figure 18 Global Vehicle Production, 2013–2017 (Million Units)
Figure 19 Global Sales of Vehicles, 2010–2016 (Million Units)
Figure 20 Annual Average Crude Oil Price, 2008–2017 (USD Per Barrel)
Figure 21 Value Chain Analysis of the Market (2016)
Figure 22 Vertical Integration – the Leading Trend Among Key Market Players
Figure 23 Level Sensor Market, By Technology
Figure 24 Noncontact Level Sensor Expected to Grow at Highest CAGR During Forecast Period
Figure 25 APAC Expected to Hold the Largest Share of Market During the Forecast Period
Figure 26 Wastewater is Expected to Grow at Highest CAGR in Market for Hydrostatic Contact Type By 2023
Figure 27 Market for Pneumatic Contact Type, By Region, 2017 and 2023 (USD Million)
Figure 28 Consumer Goods is Expected to Grow at the Highest CAGR in Market for Other Contact Type During Forecast Period
Figure 29 Level Sensor Market, By Noncontact Type, 2017 and 2023 (USD Million)
Figure 30 APAC is Expected to Hold Major Share of Market for Ultrasonic Noncontact Type By 2023
Figure 31 Industrial Manufacturing Expected to Hold Major Share of Market for Microwave/Radar Noncontact Type During Forecast Period
Figure 32 APAC is Expected to Grow at Highest CAGR in Market for Laser Noncontact Type Between 2017 and 2023
Figure 33 Level Sensor Market, By Monitoring Type
Figure 34 Continuous Level Monitoring is Expected to Hold Major Share of Level Sensor Market During Forecast Period
Figure 35 Level Senor Market for Continuous Level Monitoring in APAC Expected to Grow at Highest CAGR Between 2017 and 2023
Figure 36 Level Sensor Market, By End-Use Application
Figure 37 Market for Industrial Manufacturing End-Use Application Expected to Grow at the Highest CAGR Between 2017 and 2023
Figure 38 Guided Wave Contact Level Sensor Expected to Hold Major Share of Market During Forecast Period
Figure 39 Microwave/Radar Level Sensors Expected to Grow at the Highest CAGR in Market for Industrial Manufacturing End-Use Application During Forecast Period
Figure 40 Ultrasonic Level Sensor Expected to Hold Major Share of Market for Oil & Gas End-Use Application During Forecast Period
Figure 41 Guided Wave Level Sensor Expected to Grow at Highest CAGR in Level Sensor Market for Chemicals End-Use Application Between 2017 and 2023
Figure 42 Ultrasonic Level Sensor Holds Major Share of Market for Wastewater End-Use Application During Forecast Period
Figure 43 Geographic Snapshot (2017): India Expected to Grow at the Highest CAGR Between 2017 and 2023
Figure 44 Snapshot of Market in North America
Figure 45 UK is Expected to Grow at the Highest CAGR in Market in Europe Between 2017 and 2023
Figure 46 Snapshot of Market in APAC
Figure 47 Middle East & Africa Expected to Hold Major Share of Market in RoW During Forecast Period
Figure 48 Key Growth Strategies Adopted By Top Companies in the Market (2014–2017)
Figure 49 Dive Chart
Figure 50 Geographic Revenue Mix of the Top 5 Market Players
Figure 51 ABB Ltd.: Company Snapshot
Figure 52 Emerson Electric Co.: Company Snapshot
Figure 53 Endress+Hauser AG: Company Snapshot
Figure 54 Siemens AG: Company Snapshot
Figure 55 Ametek, Inc.: Company Snapshot
Figure 56 Honeywell International Inc.: Company Snapshot
Figure 57 First Sensor AG: Company Snapshot
Figure 58 Fortive Corporation: Company Snapshot
Figure 59 TE Connectivity Ltd.: Company Snapshot
Figure 60 Texas Instruments Incorporated: Company Snapshot

According to MarketsandMarkets’ forecast, the level sensor market is expected to reach 5.32 Billion by 2023, growing at a CAGR of 5.66% between 2017 and 2023. The growth of this market is propelled by the increasing advancement of the Industrial Internet of Things (IIoT) and Industry 4.0, the growing adoption of level sensors in the healthcare end-use application, and the market supportive government regulations. Moreover, the rise in vehicle production and the development of smaller, smarter, and cheaper sensors would drive the growth of the level sensor market.

This report covers the level sensor market based on technology, monitoring type, end-use application, and geography. In terms of technology, noncontact level sensors accounted for the largest share of the level sensor market between 2017 and 2023. The most widely used noncontact type level sensing technologies are ultrasonic, microwave/radar, optical, laser, MEMS, capacitive, conductivity, nuclear, and load cells. The noncontact level sensors segment is expected to hold a larger market size than that of contact level sensors, mainly owing to the increasing adoption of noncontact level sensors in various end-use applications such as water and wastewater, mining, and power stations. The noncontact level sensors are replacing contact level sensors because of their greater accuracy and flexibility in level sensing, as well as measurement. The major market for noncontact level sensor is covered by the ultrasonic level sensor and radar-based level sensors.

The level sensor market for industrial manufacturing end-use application is expected to grow at the highest rate between 2017 and 2023. The industrial manufacturing end-use application includes the automotive manufacturing, manufacturing and process industries, semiconductor manufacturing, and aerospace and defense manufacturing. Industrial manufacturing applications include liquid level sensing in water treatment tanks and transport and storage tanks. Level sensors play an important role in many automobiles applications such as light motor vehicles (LMVs); tank containers; aviation and air transport applications for fuel level indicators in airplanes and jets; as well as rail transport applications. Moreover, with the increase in defense and marine spending by developed countries, the demand for level sensors is likely to increase. With the high growth of industrial automation technology in Asia Pacific (APAC) or in developing economies such as China and India would facilitate the growth of level sensors in the industrial manufacturing end-use application.

Level Sensors Market

Asia Pacific (APAC) is expected to hold a major share of the level sensor market between 2017 and 2023. APAC is a major market for various end-use application such as automotive, process industries, healthcare, petrochemicals and related process, chemicals, power generation, and consumer goods. India and China are considered a huge market for level sensors owing to their growing economy. Various governments initiatives in several APAC countries are striving to improve the wastewater treatment facility through stringent environmental regulations that support the demand for products required in water and wastewater treatment units such as level sensors. Moreover, factors such as a growing number of health issues, demand for oil, integration of sensors in automobiles and automation technology, and modernization of the armed forces contribute to the rising demand for level sensors in the growing economies of China and India.

One of the major restraint in the studied market is the fluctuating market trend in mature industries such as oil and gas, energy and power, and chemicals. The companies that are profiled in the report are The level sensor market comprises players such as ABB Ltd. (Switzerland), Emerson Electric Co. (US), Endress+Hauser AG (Switzerland), Vega Grieshaber KG (Germany), Siemens AG (Germany), AMETEK, Inc. (US), Honeywell International Inc. (US), First Sensor AG (Germany), Fortive Corporation (US), KROHNE Messtechnik GmbH (Germany), Pepperl+Fuchs GmbH (Germany), Nohken, Inc. (Japan), Texas Instruments Incorporated (US), and TE Connectivity Ltd. (Switzerland).

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