July 21 2020
Market Research Future published a research report on “Level Sensor Market Research Report - Global Forecast 2022” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2022.
The global level sensor market is expected to progress at a CAGR of 9% over the forecast period from 2017 to 2023, according to the latest research report published by Market Research Future (MRFR). The report delves into the historical background of the global Level Sensor Market to find relevant drivers and restraints affecting the market’s progression. The likely impact of these factors on the market’s progress over the forecast period is charted in the report with the help of industry-standard analytical tools.
Level sensors are used in a wide range of industries to prevent leakage. The vital importance of this function in the end-use industries has driven the usage of level sensors in the industrial sector. Industries such as wastewater treatment, pharmaceuticals, chemicals, oil and gas, healthcare, and energy and power are among the leading consumers in the level sensor market. All these industries deal with substances that are too valuable or too harmful to be spilled, leading to a growing use of level sensors in these and other end-use applications.
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The growing technological progression in level sensors is likely to be a major driver for the global level sensor market over the forecast period. Over time, mechanical level sensors have been replaced by digital level sensors, which display more accurate results at cheaper costs. This is likely to drive the global level sensor market over the forecast period.
The global Level Sensor Industry has been segmented on the basis of technology and application. Based on technology, the Level Sensor Industry has been segmented into contact type and non-contact type. The contact type segment is sub-segmented into pneumatic, vibratory probe, hydrostatic, magnetic & mechanical float, magnetostrictive, and guided wave. The non-contact type segment has been sub-segmented into ultrasonic, microwave/radar, optical, laser, micro-electro-mechanical system (MEMS), and others. Based on application, the Level Sensor Industry has been segmented into consumer goods, automobile, industrial manufacturing, chemicals, dry bulk, pharmaceuticals, waste and water management, oil and gas, energy and power, and healthcare.
The prominent players in Level Sensor Market are Texas Instruments Incorporated (U.S.), Siemens AG (Germany), Fortive Corporation (U.S.), Honeywell International Inc. (U.S.), First Sensor AG (Germany), ABB Ltd. (Switzerland), Vega Grieshaber KG (Germany), KROHNE Messtechnik GmbH (Germany), Nohken, Inc. (Japan), TE Connectivity Ltd. (Switzerland), Pepperl+Fuchs GmbH (Germany), AMETEK, Inc. (U.S.), and Endress+Hauser AG (Switzerland).
Geographically, the global Level Sensor Industry has been segmented into five major regions such as Asia Pacific, North America, Europe and the Middle East and Africa. The North America region is anticipated to project dominance over the global level sensors market. The Level Sensor Industry in this region is majorly driven by increased investment for the advancement of existing technology and rapid adoption of industrial IoT in this region. The Asia Pacific region is anticipated to expand at a comparatively faster growth rate in the global level sensors market owing to the presence of large pool of electronic devices manufacturers in the emerging economies of this region. The level sensors market in the Europe region is projecting substantial growth in the global level sensors market owing to the easy adoption of technologically advanced sensors in various end-use industries of this region.
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TABLE OF CONTENTS
LIST OF FIGURES
FIGURE 1 Global Level Sensor Industry Segmentation
FIGURE 2 Forecast Methodology
FIGURE 3 Five Forces Analysis Of Global Level Sensor Industry
FIGURE 4 Value Chain Of Global Level Sensor Industry
FIGURE 5 Share Of Global Level Sensor Industry In 2017, By Country (In %)
FIGURE 6 Global Level Sensor Industry, 2017-2023,
FIGURE 7 Sub Segments Of Technology
FIGURE 8 Global Level Sensor Industry Size By Technology, 2017
FIGURE 8 Share Of Global Level Sensor Industry By Technology, 2017 TO 2023
FIGURE 9 Global Level Sensor Industry Size By Applications, 2017
FIGURE 10 Share Of Global Level Sensor Industry By Applications, 2017 TO 2023
FIGURE 11 Global Level Sensor Industry Size By Industry, 2017
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