Level Sensor Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025

Level Sensor Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025

  • December 2020 •
  • 142 pages •
  • Report ID: 5997531 •
  • Format: PDF
The global level sensor market grew at a CAGR of around 8% during 2014-2019.

The level sensor refers to a device used to measure the level of fluid or other free-flowing substances in an open or a closed system. Two of the commonly used level sensors include continuous and point level measurement sensors. The continuous level sensors measure levels to a specific limit; on the other hand, the point level monitoring sensors determine the level of fluids above or below or specific point. They monitor the level by establishing contact or non-contact technologies, such as magnetostriction, vibratory probes, ultrasonic waves and microwaves. Once the desired level is detected inside the container, the sensor converts the perceived data into an electric signal. As a result, level sensors find extensive applications across various industries, including oil & gas, energy and power, food & beverage, metals and mining, chemicals and pharmaceuticals.

The rapid digitization and automation across industries are among the key factors driving the growth of the market. Level sensors are extensively used for measuring the water level, tank level, distance ranging, object detection and wireless level monitoring in hydraulic power packs and cooling circuits in nuclear power plants. Additionally, various technological advancements, such as the integration of level sensors with laser and ultrasonic technologies and the Industrial Internet of Things (IIoT), are acting as other growth-inducing factors. These innovative technologies enable precise, wireless and remote monitoring of fluid levels in the reservoirs. Manufacturers are also developing optical liquid sensors that provide precise level measurement and resistance to corrosion against chemical reagents. Other factors, including the adoption of nano-digital sensors and the advent of industry 4.0, along with extensive research and development (R&D) activities, are anticipated to drive the market further. Looking forward, the analyst expects the global level sensor market to continue its moderate growth during the next five years.

Key Market Segmentation:
the analyst provides an analysis of the key trends in each sub-segment of the global level sensor market report, along with forecasts for growth at the global, regional and country level from 2020-2025. Our report has categorized the market based on region, technology, monitoring type and application.

Breakup by Technology:
Contact Level Sensor
Non-Contact Level Sensor

Breakup by Monitoring Type:
Continuous Level Monitoring
Point Level Monitoring

Breakup by Application:
Oil and Gas
Chemicals and Pharmaceuticals
Energy and Power
Mining and Metal Processing
Food and Beverage
Others

Breakup by Region:
North America
United States
Canada
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

Competitive Landscape:
The report has also analysed the competitive landscape of the market with some of the key players being ABB Ltd, Ametek Inc., Emerson Electric Co., Endress+Hauser AG, Fortive Corporation, Honeywell International Inc, MTS Systems Corporation, Siemens Aktiengesellschaft, TE Connectivity Ltd., Texas Instruments Incorporated and VEGA Grieshaber KG (Grieshaber Gmbh & Co. Kg).

Key Questions Answered in This Report:
How has the global level sensor market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global level sensor market?
What are the key regional markets?
What is the breakup of the market based on the technology?
What is the breakup of the market based on the monitoring type?
What is the breakup of the market based on the application?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global level sensor market and who are the key players?
What is the degree of competition in the industry?