Market Highlights —
With increased adoption of various tools and techniques in manufacturing process of level sensor and increased investment in research and development sector has enhanced the ability of level sensor to be more efficient and flexible in field of chemicals. Also, manufacturers bid the level sensors to be electric current resistant such as abrupt voltage spikes, radiant interferences and fast transients.
Additionally, MEMS and Nano technology is presumed to have a significant impact on level sensors over the next few years. Level sensor facilitates to send the signals simultaneously from one location to various units of the industries through MEMS sensors, nano-enabled sensors and many more. Increased adoption of Nano-enabled sensor and MEMS sensor is expected to prospect the level sensor market over the forecast period.
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According to Market Research Future Analysis, global level sensor market has been valued at approx. USD 4 billion with 9% of CAGR during forecast period 2017 to 2023.
The global level sensor market has been segmented on the basis of technology and application. Based on technology, the Level Sensor Market has been segmented into contact type and non-contact type. The contact type segment is sub-segmented into pneumatic, vibratory probe, hydrostatic, magnetic & mechanical float, magnetostrictive, and guided wave. The non-contact type segment has been sub-segmented into ultrasonic, microwave/radar, optical, laser, micro-electro-mechanical system (MEMS), and others. Based on application, the level sensor market has been segmented into consumer goods, automobile, industrial manufacturing, chemicals, dry bulk, pharmaceuticals, waste and water management, oil and gas, energy and power, and healthcare.
The prominent players in level sensor market are Texas Instruments Incorporated (U.S.), Siemens AG (Germany), Fortive Corporation (U.S.), Honeywell International Inc. (U.S.), First Sensor AG (Germany), ABB Ltd. (Switzerland), Vega Grieshaber KG (Germany), KROHNE Messtechnik GmbH (Germany), Nohken, Inc. (Japan), TE Connectivity Ltd. (Switzerland), Pepperl+Fuchs GmbH (Germany), AMETEK, Inc. (U.S.), and Endress+Hauser AG (Switzerland).
Geographically, the global level sensor market has been segmented into five major regions such as Asia Pacific, North America, Europe and the Middle East and Africa. The North America region is anticipated to project dominance over the global level sensors market. The level sensor market in this region is majorly driven by increased investment for the advancement of existing technology and rapid adoption of industrial IoT in this region. The Asia Pacific region is anticipated to expand at a comparatively faster growth rate in the global level sensors market owing to the presence of large pool of electronic devices manufacturers in the emerging economies of this region. The level sensors market in the Europe region is projecting substantial growth in the global level sensors market owing to the easy adoption of technologically advanced sensors in various end-use industries of this region.
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• Technology Investors
• Research/Consultancy Firms
• Level sensor software vendors
• Raw material and manufacturing equipment suppliers
• Original equipment manufacturers (OEMs)
• OEM technology solution providers
• Forums, alliances, and associations
• Technology investors
• Micro-Electro-Mechanical System (MEMS) manufacturer
• Governments and financial institutions
• Analysts and strategic business planners
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Name: Abhishek Sawant
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Organization: Market Research Future
Release ID: 492670