Level Transmitter Market Size is Expected to Reach USD 8.01 Billion by 2030 | The increasing need for continuous level monitoring
Research Reports
Mar 16, 2023
Level Transmitter Market Insights
According to MRFR analysis, the global Level Transmitter Market is expected to register a CAGR of ~ 7.2% from 2021 to 2030 and hold a value of over ~USD 8.01 billion by 2030.
The Level Transmitter is cast-off for the measurement of the continuous level of liquids or solids. It contains the contact and non-contact type which is selected based on functionality, environmental conditions, and working temperature. It allows the delivery of the electric output following the level of material in the container. These level transmitters measure the level such as water, fuels, viscous fluids, and solids like dry materials such as powders and others. The growing demand for accurate level measurement and industrial automation in several industries such as food & beverage, chemicals, and others are anticipated to drive the market during the projected years. Also, the rising utilization of non-contact & wireless instruments to serve the application and development of wireless-level transmitters expects a boost to the market in the imminent years.
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Key Players
Some of the key market players are-
- ABB Group (Switzerland),
- WIKA Alexander Wiegand Se & Co. KG (Germany)
- Honeywell International Inc. (US)
- Yokogawa Electric Corporation (Japan)
- Fuji Electric Co (Japan)
- Magnetrol International Inc.(US)
- Endress+Hauser Management Ag (Switzerland)
- Dwyer Instruments Inc. (US)
- Vega Grieshaber Kg (Germany)
- Siemens Ag (Germany)
- Ametek Inc. (US)
Report Scope:
|
Report Attribute/Metric |
Details |
|
Market Size in 2030 |
USD 8.01 Billion |
|
Growth rate: |
CAGR of 7.2% from 2022 to 2030 |
|
Forecast Period |
2021-2030 |
|
Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
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Market Segmentation
The global Level Transmitter Market has been segmented into Type, Technology, and industry
Based on the Type, The global Level Transmitter Market has been segmented into Contact and Non-Contact. The contact segment is anticipated to hold the largest market share as they require no compensation for changes in the density, dielectric, or conductivity of a fluid. Also, they are less costly than non-contact level transmitters.
Based on the Technology, The Global Level Transmitter Market has been segmented into Capacitive, Differential Pressure/Hydrostatic, Radar, Ultrasonic, and Others. predicted to hold the most substantial CAGR in the forecasted period.
Based on Industry, The Global Level Transmitter Market has been segmented into Oil & Gas, Chemicals, Water & Wastewater, Food & Beverages, Pharmaceuticals, and Others. The Water & Wastewater segment is expected to hold the largest market share. These factors can be credited to the need for level monitoring in many stages of wastewater treatment.
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Regional Analysis
North America and Europe are anticipated to provide steady growth for the level transmitter market on account of the growing shift toward industrial automation. OPEC countries and the USA will lift the level transmitter market on account of the growing use of level transmitters in the oil and gas industry. Latin America will also provide a steady increase in the level transmitter market owing to the growth of biofuel production. Asia Pacific region will offer the maximum growth of the level transmitter market owing to rapid industrialization.
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