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Level sensors Market - Key Revenue
Level sensors are widely used across several industrial segments for level measurement. Due to advancement in level sensing technologies and high requirements in various applications fields such as consumer, automotive, petrochemicals, water and wastewater management, chemicals, transportation, industrial, power and manufacturing sector, and so on, the level sensor are increasingly becoming more compact and micro-sized. Hence the use of Nano-Electro-Mechanical system (NEMS technology) which helps to reduce the size of modern devices and allows high sensing performance is the biggest opportunity for all level sensors manufacturers in the industry.
Of all the application sectors, one of the prominent fields that hold a promising future for level sensors market is the industrial sector where the need for level sensors is evolving and progressively growing. Emerging economies like India and China have shown significant increase in the demand for level sensors due to the fast growing industrial automation. Also, waste & wastewater management represents a growing and the most stable market due to influences from national governments, consumers, and the end user themselves. Government regulations such as Clean Water Act and Wastewater Systems Effluent Regulations in the U.S. and in Europe are boasting the market for level sensor and it is considered to be the fastest growing end user applications for level sensor.
The current market is dominated by contact level sensors, there is strong growth in non-contact level sensing segment. The changing trend from conventional magnetic and mechanical contact based level sensors to magnetostrictive, vibratory, pneumatic and hydrostatic level sensors, and further to non-contact based ultrasonic and radar/microwave level sensors has suggested that global level sensor market is adapting to modern and advanced technologies for monitoring and level sensing in various automotive, industrial, marine and military, and other applications. Many multinational companies such as Siemens AG (Germany), Emerson Electric Co. (U.S.), ABB Ltd. (Switzerland), Honeywell Sensing & Control (U.S.) are investing heavily in acquisitions and R&D activities for more innovations and product development involving level sensing technologies.
Level Sensors Market Focus on Technologies [Contact Type (Magnetostrictive, Vibratory probe, Hydrostatic, Magnetic float) and Non Contact Type (Ultrasonic, Radar, Optical, Laser)], Applications and Geography – Global Trends & Forecast to 2013 - 2020
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