Incredible Demand of Global Level Sensor Market with Major Companies like ABB,Emerson , Vega Grieshaber KG , Siemens etc
October 14, 2021
Level Sensor Market Trend ,Demand, Application, Forecast & Regional AnalysisPUNE, MAHARASHTRA, INDIA, October 14, 2021 /EINPresswire.com/ -- Global Level sensors Market was valued at US$ 5,030.29 Mn in 2020, which expected to reach US$ 8,800.25 Mn by 2027, with a CAGR of 7.69% from 2021-2027.
Level sensor is defined as the device which determines the level of fluids/other substances that flow in an open or closed system. These sensors are used to detect the level of liquids, fluids as well as fluidized solids, including powders, slurries, and granular materials which exhibit an upper free surface.
List of Key Players of Level Sensors Market
• Vega Grieshaber KG
• Schneider Electric
• TE Connectivity
• Gems Sensors
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Key Insights & Findings:
• The market in APAC is projected to dominate the Level Sensors market due to rise in demand for level sensors in the region.
• Furthermore, North America is anticipated to witness noteworthy growth primarily due to the rising scope of product application in consumer, healthcare, pharmaceutical, Chemical, industrial, automotive industries.
• In the End User Industrial segment is expected to dominate the level sensors Market throughout the forecast period, and is estimated to account for 14.42% of the market share in 2020.
• Among the technology segment, contact level sensors segment is expected to drive the market demand for level sensor market, and would grow at a CAGR of 7.76 % over the forecast period.
Growing use of smart level sensors capable of two-way communication and self-diagnosis is expected to boost the growth of global level sensors market over the forecast period. These smart sensors also used for gas flow measurement technology, and can easily interface with computers. Also, the rise in use of Micro-Electro-Mechanical Systems non-contact type technology in residential, commercial, and industrial measurement applications is also anticipated to enhance the market demand.
Furthermore, initiatives, such as the Building Research Establishment's Environmental Assessment Method by the UK, Leadership in Energy & Environmental Design (LEED) in the US, and Deutsche Gesellschaft für Nachhaltiges Bauen (DGNB) by Germany, are encouraging the installation of level sensors, especially point level sensors, across the globe.
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In April 2020, Emerson had completed the purchase of American Governor Company, provider of technologies & services for hydroelectric turbine controls. The addition of American Governor builds on Emerson’s technology capabilities & expertise in the renewables and power industry. American Governor’s solutions expertly control hydroelectric turbines, enabling utilities to offer reliable power generation that is highly responsive to the dynamic needs of the electrical grid.
Qualiket Research has segmented the global Level Sensors Market based on technology, type, monitoring type, end user, and region.
• Non- Contact
• Vibratory Probe
• Magnetic & Mechanical Float
• Guided Wave Level Sensor
• Ultrasonic Level Sensor
Ultrasonic Level Sensor Range
o Short Range Ultrasonic Level Sensors
o Medium Range Ultrasonic Level Sensors
o Long Range Ultrasonic Level Sensors
Ultrasonic Level Sensor Technology
o Continuous Ultrasonic Level Sensors
o Point Ultrasonic Level Sensors
Laser Sensor Type
By Monitoring Type
• Continuous Level Monitoring
• Point Level Monitoring
By End user
• Energy & Power
• Oil & Gas
• Pulp & Paper
• Water & Wastewater
• Food & Beverages
• North America
• Latin America
• Asia Pacific
• Middle East & Africa
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