Continuous Improvements in Sensor Technology Remains Crucial to Leveraging Opportunities for Sustained Growth in the Global Level Sensors Market

Ubiquity of fluid measurement in diverse industrial/manufacturing markets; and the continuous focus shed on technology improvements in sensor performance aimed at enhancing application possibilities, and encouraging upgrades and replacements are poised to drive the global market for Level Sensors to reach US$4.5 billion by 2024. Further, strict environmental regulations legislated to reduce pollution will also benefit growth in the market.

Level measurement represents one of the key processes in industries where a range of fluids and other substances that can flow are widely used. Level sensors are used in the detection of substances that flow, including liquids such as oil and water, slurries and even solids that can flow such as granular material and powders. Level sensors play a major role in measuring the level of material in a tank or a vessel in industries such as agriculture, paper and pulp, food and beverage, pharmaceuticals, oil and gas, chemicals, petrochemicals, water and wastewater, and power generation. These industries routinely perform level measurement in order to ensure reliability of manufacturing processes.

Global demand for level sensors is primarily reliant on the general health of industrial processing and manufacturing activity, which is largely influenced by the health of overall economy. Rising demand for a range of finished products, improving business prospects, and subsequent rise in investments on process control applications will create considerable demand for level sensors used in a range of manufacturing and industrial processes in coming years. Increase in sales and production of automobiles and household appliances, growing focus on water conservation and recycling and subsequent rise in water & waste water management projects, increase in defense investments on UAV and land based transport applications, and growing power sector investments are also critical to the market prospects for level sensors. The level sensors market is also impacted by stringent regulations such as Wastewater Systems Effluent Regulations and Clean Water Act in Europe and US. Technology developments and product enhancements that help expand application possibilities will spur opportunities for growth in the coming years. Sensor manufacturers are increasingly focusing on the development of new, miniature, electronic level sensors featuring low power consumption, and ease-of-use as primary benefits.

Ultrasonic Level Sensors represents the largest product market with growth supported by increased preference for non-contact level sensors. Ultrasonic sensors enable continuous monitoring and ultrasonic level measurement control with bulk products, chemical liquids, diesel fuel, pastes, pellets, solid material powders and water. Due to their technical capabilities, user-friendly nature and low ownership cost, ultrasonic level sensors are being deployed in several industries. Radar/Microwave Level sensors represent the fastest growing product market fueled by product improvements in accuracy, ease of installation, low maintenance and suitability for use in harsh environment.

As stated by the new market research report on Level Sensors, Europe and the United States represent the largest regional markets, worldwide. Asia-Pacific ranks as the fastest growing market with a CAGR of 6.6% over the analysis period. Robust industrial growth and blistering pace of developments in manufacturing, construction, mining, and power industries especially will drive significant demand for a range of sensors, including level sensors, in the region. Automation of industrial processes and increased use of production line equipment bodes well for the market.

Key players in the market include ABB Ltd. , AMETEK Inc., Ametek Drexelbrook, ANDERSON-NEGELE, Emerson Electric Co., Endress+Hauser AG, Gems Sensors & Controls, General Electric Company, GF Piping Systems, HELLA GmbH & Co. KGaA, Honeywell International Inc., Magnetrol International Inc., Magtrol, Inc., Pepperl+Fuchs, Siemens AG, SSI Technologies, Inc., and Turck Inc., among others.

The research report titled “Level Sensors: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, growth drivers, and strategic industry activities of major companies worldwide. The report provides market estimates and projections in US dollars for all major geographic markets including the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific (China, India, South Korea and Rest of Asia-Pacific), Latin America (Brazil and Rest of Latin America) and Rest of World. Technology Types analyzed in the report include Magnetostrictive, Tuning Fork, Hydrostatic, Capacitance, Conductivity, Ultrasonic, Radar-Microwave, and Others (Includes Optical Interface Point Level Sensors, Laser Level Transmitters, Nuclear Level Sensors, Tape Float, High Flow Rate Sensors, Float-Type Sensors, Resistance Tapes, Rotating Paddle Level Sensors, Pneumatic Level Sensors, Resistive Chain Level Sensors, Submersible Waste Water Level Sensors, Semi-Flexible Sensors, Tank Level Sensors, Oil Sensors, Magnetic & Mechanical Float Level Sensors, Capacitive Level Sensors, and Flow-Thru Style Sensors among Others).

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