Global Level Sensor Market By Technology (Contact type, non-contact type) By Monitoring type (Continuous Level Monitoring, Point Level Monitoring) By application (Consumer Goods, Industrial Manufacturing, Energy & Power, Healthcare, Oil & Gas, Chemicals, Pharmaceuticals, Wastewater, Others)By Geography (North America, Europe, Asia-Pacific, Europe, South America, Middle East and Africa) – Industry Trends and Forecast to 2024
The Global Level Sensor Market accounted to USD 3.5 billion in 2016 growing at a CAGR of 5.5% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic years 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
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Market Definition: Global Level Sensor Market
A level sensor is a device for determining the level or amount of fluids, liquids or other substances that flow in an open or closed system. There are two types of level measurements, namely, continuous and point level measurements.
The latest trend in this market is evolving automobile technology leads to more use of sensor in automobiles and government regulations for safety concern are driving this market. There is need of level sensors for several industries like Consumer Goods, Industrial Manufacturing, Energy & Power, Healthcare, Oil & Gas, Chemicals, Pharmaceuticals, Wastewater and others will create a huge market for the motor management.
Major Market Drivers and Restraints:
- Developing automobile technology
- Government regulations
- Adoption of Level Sensors in the Healthcare
- Increasing use of level sensors in the oil and gas industry
- Intense competition
The market is segmented on the basis of technology, monitoring type, application, and geography.
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On the basis of technology the level sensor market is segmented into Contact type, non-contact type. The non-contact type market is expected to grow in the forecasted period.
On the basis of monitoring type the level sensor market is segmented into Continuous Level Monitoring, Point Level Monitoring.The Point Level Monitoring market is expected to grow in the forecasted period.
On the basis of application the level sensor market is segmented into Consumer Goods, Industrial Manufacturing, Energy & Power, Healthcare, Oil & Gas, Chemicals, Pharmaceuticals, Wastewater, Others.The oil & gas market is expected to grow in the forecasted period.
Based on Geography:
- North America
- South America
- Middle East & Africa
Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others. In 2017, North America is expected to dominate the market.
Level Sensor Market is highly fragmented and is based on new product launches and clinical results of products. Hence the major players have used various strategies such as new product launches, clinical trials, market initiatives, high expense on research and development, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market.
The report includes market shares of flow cytometry market for global, Europe, North America, Asia Pacific and South America.
Some of the major players operating in level sensor market are ABB Ltd., Emerson Electric Co., Endress+Hauser AG, Vega Grieshaber Kg, Siemens AG,Ametek, Inc., Honeywell International Inc., First Sensor AG, Fortive Corporation,KrohneMesstechnik GmbH,Pepperl+Fuchs GmbH, Nohken Inc., TE Connectivity Ltd., Texas Instruments Incorporated, Bin Master, Gill Sensors & Controls, Sensirion Ag, MTS System Corporation, Magnetrol International, Inc., among others. In 2017, Endress+Hauser have acquired SensAction AG, a manufacturer of innovative systems for measuring the concentration of liquids.
That will strengthen its quality measurement portfolio.
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