A recent report published by Infinium Global Research on level sensor market provides in depth analysis of segments and sub-segments in global as well as regional level sensor market. The study also highlights the impact of drivers, restraints and macro indicators on the global and regional level sensor market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global level sensor market. According to report the global level sensor market is projected to grow at a CAGR of 5.3% over the forecast period of 2018-2024.
Level sensors are the components used to measure and detect the level of liquids, fluids and other fluidized solids that flows in an open or closed system. continuous and point level measurements are the two types of level measurements in which Continuous level sensors are used for measuring continuous levels of liquids or fluids in a tank and point level sensors are only give the information about the liquid level is high or low.
The level sensors are used across various end-use industries such as consumer goods, manufacturing, energy, healthcare, chemicals and many others. Sensors are the fundamental components of any industrial automation system as they offer accurate, efficient and cost-effective solutions. The rapidly growing Industrial Internet of Things (IIoT) and Industry 4.0 are the key factors driving for the growth of the level sensors market worldwide. In addition, the sensors are widely used in healthcare applications from the diagnostics & monitoring to the medical delivery systems. The growing adoption of level sensors in healthcare applications is contributing to the growth of the level sensor market.
Now-a-Days, level sensors are majorly used in the automotive and manufacturing industries to monitor the tanks, fuel usages and to provide fuel theft prevention. The rising applications of level sensors in automotive industries are likely to boost the growth of level sensors market. The demand of non-contact level sensors from oil & gas and food and beverage industries are rising very rapidly. Furthermore, various government agencies are taking initiative to improve the water and the waste-water treatment industries that create the huge demand of water level measurement equipment’s such as level sensors. Moreover, the introduction of advanced wireless level sensors for remote sensing application is projected to create several opportunities in the level sensors market in the upcoming years.
Among the regions, Asia Pacific holds the maximum market share in the level sensors market owing to the rapidly growing industrialization and the trending industrial automation in the Asia Pacific region. In the Asia Pacific region, countries like India and China are the major contributors to the growth of the level sensor market. In these countries, the level sensors are massively used in the water and waste-water treatment, chemical, automotive, and other industries that are likely to escalate the market growth in the Asia Pacific region.
The report on global level sensor market covers segments such as technology, sensor type, end-use industries and monitoring type. On the basis of technology the global level sensor market is categorized into contact type and non-contact type. On the basis of sensor type the global level sensor market is categorized into capacitance, float level, vibrating point, optical, microwave/radar, ultrasonic and others. On the basis of end-use industries, the global level sensor market is categorized into chemical, oil & gas, food and beverage processing, pharmaceutical and waste & wastewater treatment. On the basis of monitoring type the global level sensor market is categorized into continuous level and point level.
The countries covered in the North America region include the U.S., Canada, and Mexico; while Asia-Pacific includes China, Japan, India, South Korea, Malaysia, and among others. Moreover, Germany, U.K., France, Spain, and Rest of Europe are included in the European region. The U.S. drives the growth in the North America region as it is the largest market in the region. The Asia-pacific region offers a substantial potential for the market growth owing to rapid growth in markets such as India and China. The APAC region is projected to experience a growth at a CAGR of x.x% over the period of 2018-2024.
The report provides profiles of the companies in the global level sensor market such as, ABB Ltd., Emerson Electric Co., Siemens AG, Honeywell International Inc., Texas Instruments Incorporated, First Sensor AG, AMETEK, Inc, Vega Grieshaber, Messtechnik GmbH and Nohken, Inc.
The report provides deep insights on demand forecasts, market trends and micro and macro indicators. In addition, this report provides insights on the factors that are driving and restraining the global level sensor market. Moreover, IGR-Growth Matrix analysis given in the report brings an insight on the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of level sensor market. Moreover, the study highlights current market trends and provides forecast from 2018-2024. We also have highlighted future trends in the level sensor market that will impact the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight on the market share of the leading players. This report will help manufacturers, suppliers and distributors of the level sensor market to understand the present and future trends in this market and formulate their strategies accordingly.
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