The global level transmitter market size is expected to grow from USD 3.1 billion in 2020 to USD 3.5 billion by 2025, at a CAGR of 2.6%. The growth of the market is attributed to growing demand for level transmitters in pharmaceuticals and food & beverages, high focus on industrial automation and optimum utilization of resources, increased regulatory emphasis on industrial safety, development of wireless level transmitters. Moreover, difficulties associated with High-level measurement in tanks with floating roofs acts as a challenge to level transmitter market.
Key players operating in the level transmitter market include major players operating in different stages in the entire value chain of level transmitter; these players are Endress+Hauser (Switzerland), VEGA (Germany), Emerson Electric (US), Siemens (Germany), and KROHNE (Germany) ABB (Switzerland), Honeywell (US), Yokogawa (Japan), AMETEK (US), Magnetrol (US), Schneider Electric (France). Many major companies focus on implementing organic growth strategies, such as product launches, and inorganic strategies, such as acquisitions and expansions, to increase their revenue.
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Top 5 Players in Level transmitter market:
Emerson Electric is among the global leaders in providing innovative technological solutions for customers all over the world. Established in 1890 and headquartered in Missouri, US, Emerson operates its business under the following segments—Automation Solutions and Commercial & Residential Solutions. Under the Automation Solutions division, the company offers measurement and analytical technologies, valves, actuators and regulators, industrial solutions, and process control systems and solutions.Emerson Process Management is a business unit of Emerson Electric through which the company provides measurement and analytical solutions. The company offers level transmitters and other field instruments under the Measurement & Analytical Instrumentation subdivision of Automation Solutions business segment. The company offers its products to a wide range of industries, such as chemicals, oil & gas, refining, pulp & paper, power, water & wastewater, metals & mining, food & beverages, and life sciences.
Endress+Hauser is one of the leading providers of products, solutions, and services for industrial process measurement and automation. Its product portfolio comprises sensors, instruments, and systems for level, flow, temperature, and pressure measurements, as well as liquid analysis and data acquisition. The company also provides engineering services, such as project management and automation. The company’s production units are located in Germany, the US, the UK, Brazil, China, India, Japan, and Switzerland. The company’s portfolio of radar level measurement solutions includes contact and non-contact technology-based level transmitters, such as radar, ultrasonic, capacitance, and differential pressure.
Siemens is a technology leader in the fields of electrification, automation, and digitalization. Siemens classifies its business operations into the following segments: Siemens Healthineers, Digital Industries, Smart Infrastructure, Mobility, Siemens Financial Services, and Portfolio Companies. The company offers level measurement solutions under its Digital Industries segment; it offers a complete product, software, solution, and service portfolio for moving, measuring, controlling, and optimizing all kinds of mass flows. With the compressive level measurement portfolio, the company serves industries such as oil & gas, shipbuilding, mining, cement, fiber, chemicals, food & beverages, and pharmaceuticals.
VEGA Grieshaber is a global manufacturer of process instrumentation and measurement systems. It was founded in 1959 and is headquartered in Schiltach, Germany. VEGA Grieshaber has nearly 1,400 employees across the world. The company has expertise in the areas of level, switch, and pressure measurement. Its portfolio includes level measurement transmitters, point level switches, pressure transmitters, and software for process control systems. The company provides level measurement solutions for chemicals, pharmaceuticals, food & beverages, water & wastewater, mining, power generation, and oil & gas industries, among many others.
ABB is a leading power and automation technology company. ABB Group was founded in 1988 as a result of the merger between Asea AB (Sweden) and BBC Brown Boveri AG (Switzerland). The company mainly operates through 4 business segments—Electrification, Robotics & Discrete Automation, Motion, and Industrial Automation. It operates across Europe, the Americas, Asia, Africa, and the Middle East. In 2018, the company sold its Power Grid business to Hitachi (Japan) to focus on its core businesses. The company offers level measurement transmitters through its Industrial Automation division. Offerings of the Industrial Automation division include turnkey engineering; control systems; measurement products; lifecycle services; outsourced maintenance, and industry-specific products, such as electric propulsion for ships, Azipods, mine hoists, turbochargers, and pulp and paper quality control equipment.
Level Transmitter Market with COVID-19 Impact by Technology (Capacitance, Radar, Ultrasonic, Differential Pressure, Magnetostrictive, Radiometric), Industry (Oil & Gas, Chemicals, Water & Wastewater, Power), and Region - Global Forecast to 2025
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