The global level transmitter market is poised to surpass USD 4 Billion at 7% CAGR over the predicted years (2017-2023). A level transmitter simply put, is an instrument that offers constant level measurement. This is also used for determining the liquid level or bulk-slid at a specific time. The level of media namely fuels, viscous fluids and water or dry media namely powders and bulk solids can be measured with the help of a level transmitter. It is used in numerous applications which need level measurement within tanks or containers. Such transmitters are often used in water treatment, chemical, power, food and beverage industries and material handling. Some of the key benefits of using level transmitters include accurate readings, easy installation, easy accessibility and no re-setup required.
There are ample factors that is boosting the growth of the level transmitter market. These factors as stated by the Market Research Future (MRFR) report include remote deployment, ease of installation, growing demand for precise level measurement in various industries namely food and beverages, chemicals, water and wastewater management and oil and gas, and increasing need for wireless connectivity. On the contrary, lack of awareness about level transmitters, network congestion and lack of skilled workers are factors that may hinder the level transmitter market growth over the predicted years.
MRFR report offers a wide segmental analysis of the level transmitter market on the basis of type, technology and industry.
Based on type, the level transmitter market is segmented into magneto strictive, displacer, radar, differential pressure and capacitance. Of these, differential pressure will have the largest share in the market over the predicted years.
Based on technology, the level transmitter market is segmented into contact type (point level) and non-contact type (continuous level).
Based on industry, the level transmitter market is segmented into paper, power, metal and mining, chemical, oil and gas. Of these, oil and gas will domineer the market over the predicted years.
Geographic analysis of the level transmitter market includes regions, namely North America, Europe, Asia Pacific (APAC), and Rest-of-the-World (RoW).
North America is steering the market ahead with its industry reaching 4.0, integration of industrial automation, large customer base, and presence of several market influencers have created enough scope for level transmitters to enjoy substantial growth. The region has a superior infrastructure which is aptly backing the very core of the level transmitter market.
The APAC’s growth is quite outstanding. The region is booming, and nations are employing various strategies and setting up projects regarding oil and chemical where level transmitters find the definitive application. The region is also enjoying several industrial applications and high investment in research and development which is proving effective for the regional market.
The global market depends heavily on strategical implementations of various companies that include merger, acquisition and other methods. These tactical moves help countries to stay afloat and expand the horizon for the market. For instance, ABB Ltd. is acquiring AB Rotech which can be beneficial for the former regarding infrastructural development. At the same time, its also going to help the market enjoy growth and prosperity. Emerson Electric Co. buying Textron can also be considered exemplary.
Key players impacting the global level transmitter market are ABB Ltd. (Switzerland), Emerson Electric Co. (U.S.), Siemens AG (Germany), Yokogawa Electric Corporation (Japan), Honeywell International Inc. (U.S.), General Electric (U.S.), Schneider Electric (France), Rockwell Automation (U.S.), Endress+Hauser Consult AG (Switzerland), Fuji Electric Co., Ltd. (Japan), Vega Grieshaber Kg (Germany), Wika Instrument, LP (U.S.), Magnetrol International (U.S.), and others.
Level Transmitter Market Research Report is Projected To reach USD 4,166.7 Million at CAGR 4.98% …
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