San
Francisco, 5 December 2018: According to a report by Grand View Research,
Inc.; the global level sensor market is anticipated to reach around USD 5.48 billion by 2025.
High demand for advanced instruments equipped with microprocessors that can
provide information regarding instrument performance is projected to propel
market over the forecast period (2014 to 2025). Level sensing technologies can
measure level of liquid and fluidized solids including slurries, powders, and
granular materials. Rising use of smart sensors across different industrial
applications is expected to boost demand in near future.
Increasing use of multipurpose level sensors in
automotive sector can drive market growth. In addition, rising adoption of
multiphase sensors in food and water and oil and gas sectors can augment demand
for these sensors. High demand for smart sensors capable of two-way
communication and self-diagnosis is also anticipated to bode well for this
market during the forecast period. However, adoption of thin-film technology
and increasing competition among market players can significantly hamper
expansion of market in the years to come.
The worldwide level sensor market can be segregated
on the basis of technology, application, and region. Based on technology, the
market can be categorized into contact type and non-contact type. The market is
likely to experience transition from contact type to non-contact type
attributed to accuracy and flexibility of these sensors in measurement. The
sensors also need minimal maintenance. This factor is also anticipated to work
in favor of their demand in the forthcoming years.
Non-contact level sensors are electronic
devices that generate electromagnetic field for level measurement. These
sensors can operate faster and have better application flexibility. Non-contact
technology can include capacitive, photoelectric, and ultrasonic sensors.
Contact level sensors are electrochemical devices used to detect changes
through physical contact with target material. Hydrostatic, magnetostrictive,
vibratory probe, and magnetic float are some of the types of contact sensors.
Rising adoption of both these types across various application segments is
anticipated to bode well for market expansion in near future.
Access
Research Report of Level Sensor Market@ www.grandviewresearch.com/industry-analysis/level-sensors-market
Based on application, the market can be
classified into healthcare, consumer electronics, industrial process, dry bulk,
automotive, oil and gas, and others. Automotive segment is projected to witness
significant expansion at a CAGR of around 7% during the forecast period.
Automobiles are equipped with fuel sensors to measure the amount of fuel
present in tanks. Manufacturers focus on lowering repair costs and reliability
requirements. Increasing applications in measuring liquids such as cooling
water, windshield cleaning and power steering liquid, and engine oil is
anticipated to propel demand in near future.
Industrial and municipal wastewater management
is anticipated to register significant demand for level sensors attributed to
stringent regulations in Germany, U.S., and U.K. In addition, favorable
government initiatives are likely to boost adoption of wastewater treatment and
management technologies in emerging economies. This factor is projected to
create business opportunities over the forecast period. Dry bulk is estimated
to register around 6% CAGR during the forecast period owing to rising demand
for transportation, processing, storage of bulk solids in plastic sector.
Browse more reports of this category by Grand View
Research at: www.grandviewresearch.com/industry/sensors-and-controls
Regional segmentation includes Europe, North
America, Asia Pacific, Latin America, and Middle East and Africa. In 2016,
North America dominated with the largest market share. The United States
Environmental Protection Agency’s (U.S. EPA) Air, Climate, and Energy research
program has initiated a research initiative to survey both O3 and NO2 low-cost
sensors. It is likely to work in collaboration with developers to evaluate
characteristics like precision, interference, humidity and temperature changes,
response changes, among other characteristics of such sensors.
Asia Pacific market for level sensors is
expected to grow well during the forecast period attributed to the presence of
a large number of semiconductor manufacturers in China, Korea, and Japan. In
addition, rising concerns regarding environment and water management can fuel
regional market growth. Europe is projected to witness significant growth
attributed to its dominance in computing and information and communications
technology (ICT) sectors. Implementation of international plant protection
convention (IPPC) directive in semiconductor sector to clean waste water can
increase demand for sensor in the region.
Some of the leading companies in the level
sensor market are Emerson Electric Company; Honeywell International, Inc; MTS
System Corporation; Siemens AG; and Senix Corporation.
Access
Press Release of Level Sensor Market@ www.grandviewresearch.com/press-release/global-level-sensors-market
About
Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco.
The company provides syndicated research reports, customized research
reports, and consulting services. To help clients make informed business
decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
