Vibration Level Switch Market

New Product launches and expansions are some of the major strategies adopted by the players to grow in the market of Vibration Level Switch Market

The overall analysis of the vibration level switch market consists of evaluating various technologies, applications, industries, and geographic regions. Based on technology, the market has been segmented into vibrating fork and vibrating rod; based on application, it has been segmented into liquids and solids applications. Finally, based on industry, the market has been segmented into oil & gas, chemicals, water & wastewater, food & beverages, pharmaceuticals, power generation, metals & mining, and others (cement, pulp & paper, and marine industries).

The total market is estimated to reach USD 605.5 million by 2018 and USD 833.8 million by 2023, growing at a CAGR of 6.6% during that period. In terms of value and volume, the market is expected to be led by vibrating fork level switches. The present market is highly competitive due to the presence of several big and small market players. Product launches and expansions are some of the major strategies adopted by the players to grow in the market.

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

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Endress+Hauser is a leading manufacturer of level measurement systems. The company offers an extensive range of vibration level switches for liquid and solid level measurement applications. In the financial year 2017, the company aggressively focused on expanding its business. This could be seen in the recent establishment of sales centers in Belgium, Malaysia, and Chile for strengthening its market footprint. The company has invested significantly in R&D—in 2017, the company invested 7.62% of total revenue in R&D. Endress+Hauser’s vibration level switches are used across a wide range of industries such as chemicals, petrochemicals, pharmaceuticals, food & beverages, energy & power, and shipbuilding. Its vibration level switches are manufactured according to national and international safety standards, hazardous area approvals, and other applicable standards.

Emerson Electric is one of the key players offering process measurement solutions to various industries. The company has a strong and diversified product portfolio which enables it to respond to challenges and opportunities in the marketplace effectively. In 2017, the company launched Rosemount 2140, the world’s first wired HART vibrating fork level detector. It adopts organic growth strategy to expand customer base and enhance capabilities. For instance, in 2017, Emerson Electric expanded its market presence by opening a new Measurement Technology Center in Beijing, China, and a new 1,100 meter2 manufacturing facility in Dammam, Saudi Arabia.

Other players in the vibration level switch market include ABB (Switzerland), AMETEK (US), Magnetrol International (US), Bürkert Fluid Control Systems (Germany), Pepperl+Fuchs  (Germany), Nivelco Process Control (Hungary), Finetek Group (Taiwan), Matsushima Measure Tech (Japan), Dwyer Instruments (US), and Flowline (US).

Related Reports:

Vibration Level Switch Market by Technology (Vibrating Fork & Vibrating Rod), Application (Liquids & Solids), Industry (Oil & Gas, Chemicals, Food & Beverages, Pharmaceuticals), and Region (North America, Europe, APAC, and RoW) - Global Forecast to 2023

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Report Code
SE 6696
RI Published ON
10/17/2018
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