HOME › Press Releases › Level Transmitter Market worth 2.87 Billion USD by 2020
Level Transmitter Market worth 2.87 Billion USD by 2020
According to the new market research report "Level Transmitter Market by Type (Capacitance, Radar, Ultrasonic, Differential Pressure, Magnetostrictive), by Industry (Oil & Gas, Chemical, Food & Beverage, Water & Wastewater, Power, Metal & Mining), and Region - Global Forecast to 2020", the level transmitter market is estimated to reach USD 2.87 Billion by 2020, at a CAGR of 3.93% between 2015 and 2020. Factors which are driving the level transmitter market includes the need for accurate and reliable continuous level measurement, demand for wireless level instrumentation, and need for sophisticated automated processing systems.
Browse 95 market data tables and 57 figures spread through 155 pages and in-depth TOC on "Level Transmitter Market - Global Forecast to 2020"
Early buyers will receive 10% customization on reports.
Differential pressure level transmitters are expected to lead the level transmitter market
Differential pressure level transmitters are expected to hold the largest market size in the level transmitter market during forecast period. Differential pressure level transmitter offers reliable level measurement, unaffected by many physical characteristics such as conductivity, dielectric coefficient, and viscosity, and has direct contact with the medium. Differential pressure transmitters has captured the vast majority of level industries such as chemical, petrochemical, refining, and electric power generation and still represent the largest worldwide sales volume of process level measurement equipment.
The market for radar level transmitters is expected to grow at the highest CAGR between 2015 and 2020
The market for radar level transmitters is expected to grow at the highest CAGR due to the fact that they work with high-frequency radar pulses which are emitted by an antenna and reflected from the product surface, thus their accuracy is independent of dielectric constant, density, and conductivity. Moreover, radar level transmitters are used in harsh environments where dust, vapor, or foaming surfaces prevent the usage of ultrasonic measurement. Thus, a majority of manufacturers prefer radar level transmitters for level measurement.
APAC expected to witness a rapid growth during the forecast period
In 2014, the level transmitter market in APAC is expected to grow at the highest CAGR between 2015 and 2020. The growth is attributed to increasing industrialization and urbanization in the APAC region. Furthermore, in APAC, heavy investments are being made in new plant construction in industries such as chemical, petrochemical, and refining where level transmitters are used extensively. Thus, level transmitter market is expected to grow at the highest rate in this region.
The key players in the market are ABB Ltd. (Switzerland), Siemens AG (Germany), Emerson Electric Co. (U.S.), Yokogawa Electric Corp. (Japan), Honeywell International, Inc. (U.S.), Fuji Electric Co., Ltd. (Japan) WIKA Instrument, LP (U.S.), Endress+Hauser Consult AG (Switzerland), VEGA Grieshaber KG (Germany), and General Electric Co. (U.S.).
This research report categorizes the global level transmitter market based on types, industries, and regions. This report describes the drivers, restraints, opportunities, and challenges with respect to the level transmitter market. The Porter’s five forces analysis has been included in the report with a description of each of its forces and their respective impact on the level transmitter market.
MarketsandMarkets is world’s No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.
M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India