Level Transmitter Market

Endress+Hauser (Switzerland) and VEGA (Germany) are leading players in Level Transmitter Market

The level transmitter is a reliable instrument that can be used to determine the level of a given liquid or solid-bulk in industries such as oil & gas, chemicals, food & beverages, power, metals & mining, and water & wastewater treatment. Level switches are the most preferred devices for point level measurement. Rapid industrialization has increased the demand for both skilled and unskilled resources; therefore, the labor cost in developing countries has also increased. This would focus on optimum utilization of available resources and encourage process automation, which offers a significant opportunity to the level transmitter market growth.

The market is expected to grow from USD 3.0 billion in 2018 to USD 3.7 billion by 2024, at a CAGR of 3.85% from 2018 to 2024. The present market is highly competitive due to the presence of several big and small market players. Product launches and expansions are among a few major strategies adopted by the players to grow in the market.

As of 2017, Endress+Hauser (Switzerland), VEGA (Germany), Emerson Electric (US), Siemens (Germany), and KROHNE (Germany) were the major players in the level transmitter market. These companies operate globally and provide comprehensive products and services. They rely on their R&D capabilities and product innovations to gain a larger market share.

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VEGA is one of the prominent players in the level transmitter market. The company witnessed a significant number of product launches in recent years. It is growing organically through its in-house development of new technology by introducing new products, thereby broadening its product portfolio. The company has developed expertise in radar-based level transmitters with their extensive research and development in it.  The company’s product launches have made it one of the prominent players in this market. In February 2017, the company launched a radar level transmitter called VEGAPULS WL S 61 with an accuracy of +/- 5 mm. Earlier, In January 2017, the company launched VEGAPULS 64, a radar level transmitter that is used in liquid level measurement instruments. This transmitter operates at a frequency of 80 GHz and has an accuracy of +/-2 mm, with a measuring range up to 30 m. Such strategic product developments help the company to meet the requirements of a broad range of customers.

Endress+Hauser is one of the leading manufacturers of measurement technologies. The company offers an extensive product range of level transmitters for liquid, solid, and interface level measurements. The company primarily offers radiometric, differential pressure, and radar-based level transmitters. Its increasing revenue and net earnings are attributed to its strategy of growth through expansions and product launches. For instance, in 2017, the company launched Micropilot FMR6X, a series of radar level transmitters that has a measuring range of up to 125 meters. In 2016, the company invested 7.81% of total revenue in R&D. Moreover, to extend its RD capabilities, in collaboration with Rockwell Automation (US), the company opened its first European test center in Germany. As part of its business strategy, the company focuses on expanding into new markets, as well as strengthening its presence in existing sectors. In line with this strategy, the company expanded its presence in China, Belgium, Chile, and Malaysia during 2017—2018 (March).

Related Reports:

Level Transmitter Market by Technology (Capacitance, Radar, Ultrasonic, Differential Pressure/Hydrostatic, Magnetostrictive, Radiometric), Industry (Oil & Gas, Chemicals, Water & Wastewater, Power, Metals & Mining), and Region - Global Forecast to 2024

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Report Code
SE 4030
RI Published ON
11/15/2018
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