Global Market for Level Sensor is Anticipated to grow at a Significant Pace i.e., USD 6.9 Billion during the Forecast Period 2021-2027

Published Date: Dec, 2021

The level sensors market is anticipated to grow robustly at a CAGR of 7.6% during the forecast period 2021-2027 as power generating industries are expanding globally. The surge in implementation of level sensors in energy & electrical industries, adoption in the residential sector, increased demand for industrial automation processes will accelerate the growth of the level sensor market. The rapidly growing drilling activities in the oil & gas sector globally and accuracy in monitoring liquids in drilling fluid tanks, storage tanks, and chemical injection along with increasing demand for miniaturized smart instruments will further propel the growth of the level sensor market. In addition, the level sensor offers various advantages such as increased accuracy, easy installation, and maintenance. Nevertheless, the rapid research and development activities to enhance the level sensor technology will provide profitable growth opportunities globally.

In June 2021, Emerson has developed Rosemount™ 1408H Level Transmitter which is the world’s first non-contacting radar level transmitter designed precisely for food and beverage applications.

The global level sensors have been adversely impacted by the COVID-19 crisis owing to reduced investments and operations in the industrial and manufacturing units.  The manufacturing sector such as oil & gas has been negatively impacted due to social-distancing norms and related regulations, hampering the growth of the level sensors in the short and medium-term.  

Browse 55 market data Tables and 35 Figures spread through 250 Pages and in-depth TOC on " Level Sensor Market by Technology (Contact Level Sensors (Guided Wave, Magnetostrictive, Hydrostatic, Magnetic & Mechanical Float, Pneumatic, and Others) and Non-Contact Level Sensors (Ultrasonic, Microwave/Radar, and Others)), by Monitoring Type (Continuous Level Monitoring and Point Level Monitoring (Capacitance, Optical, Conductivity, Vibrating (Tuning Fork), and Float Switch)), by Industry Vertical (Food & Beverage, Power Generation, Mining and Metal Processing, Automobile, Aerospace & Defense, Energy & Power, Healthcare, Industrial Manufacturing, Oil & Gas, Water and Wastewater, Chemical, Consumer, and Others), and Region - Global Forecast to 2027"

By technology, the non-contact level sensors will have a significant growth during the forecast period.

Based on technology, the global level sensor market is bifurcated into contact level sensors and non-contact level sensors. The surging adoption of non-contact level sensors in varied end-use applications like wastewater or water, power plants, and mining will lead to growth in the market. Moreover, it has replaced contact level sensors as it provides a high degree of accuracy, flexibility, and measurement ability. Thus, the adoption of automation technology in various industries will propel the growth of non-contact level sensors.

Global Level Sensor Market Segmentation Analysis

Segment

Categorization

Leading Category

Technology

Contact Level Sensors (Guided Wave, Magnetostrictive, Hydrostatic, Magnetic & Mechanical Float, Pneumatic, and Others) and Non-Contact Level Sensors (Ultrasonic, Microwave/Radar, and Others)

Non-Contact Level Sensors (Significant Growth)

Monitoring Type

Continuous Level Monitoring and Point Level Monitoring (Capacitance, Optical, Conductivity, Vibrating (Tuning Fork), and Float Switch)

Continuous Level Monitoring (High CAGR)

Industry Vertical

Food & Beverage, Power Generation, Mining and Metal Processing, Automobile, Aerospace & Defense, Energy & Power, Healthcare, Industrial Manufacturing, Oil & Gas, Water and Wastewater, Chemical, Consumer, and Others

Oil & Gas (High CAGR)

Automobile (Significant Growth)

Region

North America, Europe, Asia-Pacific, and Rest of the World

North America (Largest)

Asia-Pacific

(High CAGR)

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“North America is projected to be the largest contributor during 2021-2027.”

North America is anticipated to be the largest contributor in the level sensor market owing to the mounting technological development, presence of key industry players, huge investment in industrial IoT, expenditures by businesses in the research and development of nanotechnology applications that will accelerate the growth in the region.

Some of the major players in the global level sensor market include ABB, Emerson Electric Co., AMETEK.Inc., Honeywell International Inc., TE Connectivity, Fortive, Siemens, Vega Grieshaber KG, Endress+Hauser Group Services AG, and SICK AG.

Scope of the Report

Report Metric

Details

Market Size Available for the Years in the Study

2015–2027

Historical Period

2015–2020

Base Year

2020

Forecast Period

2021–2027

Segments Covered in the Study

Technology, Monitoring Type, Industry Vertical, and Region

Geographies Covered in the Study

North America (U.S., Canada, Mexico), Europe (Germany, U.K., France, Italy, Spain, Russia), Asia-Pacific (China, Japan, India, South Korea), and Rest of the World (Brazil, Saudi Arabia, South Africa, U.A.E.)

Companies Covered in the Study

ABB, Emerson Electric Co., AMETEK.Inc., Honeywell International Inc., TE Connectivity, Fortive, Siemens, Vega Grieshaber KG, Endress+Hauser Group Services AG, and SICK AG.

Global Level Sensor Market Coverage

Technology Insight and Forecast 2015-2027

  • Contact Level Sensors
    • Guided Wave
    • Magnetostrictive
    • Hydrostatic
    • Magnetic & Mechanical Float
    • Pneumatic
    • Others
  • Non-Contact Level Sensors
    • Ultrasonic
    • Microwave/Rada
    • Others

Monitoring Type Insight and Forecast 2015-2027

  • Continuous Level Monitoring
  • Point Level Monitoring
    • Capacitance
    • Optical
    • Conductivity
    • Vibrating (Tuning Fork)
    • Float Switch

Industry Vertical Insight and Forecast 2015-2027

  • Food & Beverage
  • Power Generation
  • Mining and Metal Processing
  • Automobile
  • Aerospace & Defense
  • Energy & Power
  • Healthcare
  • Industrial Manufacturing
  • Oil & Gas
  • Water and Wastewater
  • Chemical
  • Consumer
  • Others

Geographical Segmentation

Level Sensor Market by Region

North America

  • By Technology
  • By Monitoring Type
  • By Industry Vertical
  • By Country – U.S., Canada, and Mexico

Europe

  • By Technology
  • By Monitoring Type
  • By Industry Vertical
  • By Country – Germany, U.K., France, Italy, Spain, Russia, and Rest of Europe

Asia-Pacific (APAC)

  • By Technology
  • By Monitoring Type
  • By Industry Vertical
  • By Country – China, Japan, India, South Korea, and Rest of Asia-Pacific

Rest of the World (RoW)

  • By Technology
  • By Monitoring Type
  • By Industry Vertical
  • By Country – Brazil, Saudi Arabia, South Africa, U.A.E., and Other Countries