Level Sensor Market Size will Grow at a Lucrative CAGR through 2025

Posted by mahendra lunkad on November 15th, 2017

Sensors play an important role for any measurement and automation process. Level sensor technologies are used for measuring the level of fluidized solids and liquid that includes granular materials, powders, and slurries. For instance, in applications such as water conservations, the digital technology can be connected to microcontrollers to monitor capacity and water usage. Digital level sensors can easily interface with computers and is therefore used in gas measurement technology.

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Level sensors used for measurement can be used in several ways. In immersion methods, the frequency response of a capacitor changes as the fluid level rises or falls. Magnetostrictive tank-gauging switches, optical level switches are some other efficient sensors that are used by industries to offer high accuracy.

The rising demand of intelligent devices equipped with microprocessors that provide information about performance of the instrument is expected to boost the market growth. The increasing use of smart sensors capable self-diagnosis and two-way communication is projected to drive the market growth. Further development of technologies like optoelectronics, microelectromechanical systems (MEMS), and photoelectronics is also expected to bolster sensor demand. The huge potential in various applications such as food & water and oil & gas industries, industrial manufacturing and consumer goods has led to enhanced growth. The growth is also expected to be driven by rising advancement of the Industrial Internet of Things (IoT), supportive government regulations and adoptions in the healthcare end-use application. Further, the ability to offer efficiency along with easy maintenance & installation and higher accuracy is anticipated to drive the industry growth in the forecast period. However, the adoption of thin-film technology for measurement purpose is expected to hamper the market growth over the forecast period.

Level sensor market is segmented on the basis of technology, monitoring type and end-use applications. Based on technology, the market is segmented into contact level sensor and non-contact level sensors. The contact level sensor is further categorized into magnetostrictive, vibratory probe, hydrostatic, magnetic & mechanical float, pneumatic and guided wave. The non-contact level sensor is further segmented into ultrasonic, microwave/radar, optical, laser and micro-electro-mechanical systems. On the basis of monitoring type, the market is segmented as Point Level Monitoring and continuous-level monitoring. Furthermore, on the basis of end-use application, the market is fragmented into residential and commercial.

The North America region is expected to witness high growth for level sensor market during the forecast period. This is due to research program of U.S. Environmental Protection Agency (EPA) based on air, climate, and energy has developed a research initiative to survey both O3 and NO2 low-cost sensors. The U.S. EPA works in collaboration with developers as a part of research program to evaluate the characteristics of such sensors. Asia pacific region is also expected to witness substantial growth owing to the presence of a large number of semiconductor manufacturers in China, Korea, and Japan. Additionally, the growing concern toward the water management and environment. Furthermore, government regulations to maintain the quality of food is also anticipated to spur the adoption of level sensors in the food processing industry. The European market is anticipated to witness considerable growth in the level sensor market due to its dominance in the Information and Communications Technology (ICT) and computing sectors. Moreover, the market in developing regions, such as the Middle East and Africa (MEA) and Latin America are also expected to grow over the forecast period.

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Some of the major players involved in the development of level sensor market include ABB Ltd., Emerson Electric Co., Endress+Hauser AG, Vega Grieshaber KG, Siemens AG, AMETEK, Inc., Honeywell International Inc., First Sensor AG, Fortive Corporation, KROHNE Messtechnik GmbH, Pepperl+Fuchs GmbH, Nohken, Inc., Texas Instruments Incorporated, and TE Connectivity Ltd.