Level Sensor Market Research Report - Forecast 2027

level sensor market: by technology (contact type and non-contact type), by application (consumer goods, industrial manufacturing, chemicals, pharmaceuticals, wastewater, oil and gas, energy and power, healthcare, and others) – Forecast till 2027

ID: MRFR/SEM/3786-HCR | February 2021 | Region: Global | 100 pages

Level Sensor Market Scenario


The level sensor market is expected to grow by approximately 9% CAGR during the forecast period, 2017-2023.Surging demand for supervising and monitoring of fluid level in process industries due to accurate, precise and low-cost perpetuation is expected to propel the level sensor market over the forecast period. The level sensor is generally used to detect the level of liquids, fluidized assets involving slag, granular slurries, and powders that are present in the upper layer of open surfaces. According to industrial criteria such as solid and liquids, level sensors can vary. Liquid type sensors are used in different verticals such as oil & gas industries, medical, industrial automotive, and printing industries. One of the main advantages of level sensors is that they offer precise and accurate outputs in case of leak detection in the various industries such as oil & gas, water, and waste management. Level sensor technology is generally used in automotive sectors in order to detect the fuel in the vehicle. With the advancement of technology, level sensors have transformed into digital sensors which have reduced the cost, size, and shape of level sensors.


Level sensors are currently transforming from point level (contact level) to continuous level (non-contact level). Point level sensors are segmented as vibrating, rotating paddle, mechanical, microwave and capacitance and pulsed-ultra sonic whereas continuous level include magento-strictive, resistive chain, magneto-resistive, hydrostatic pressure, air bubble gamma ray and micro-electro-mechanical system (MEMS). MEMS sensors offer self-sensing technique along with greater accuracy and error-free detection which is presumed to strengthen non-contact level market over the review period.


Additionally, nano-technology is also anticipated to have a positive impact on level sensor market. Nano-technology associated with level sensors provides greater scalability features in a physical, chemical and biological form that further provides a better detection in terms of authenticity, reliability, and validity. The emergence of nano-enabled sensors is expected to be an opportunity to drive the level sensor market over the forecast period. Most of the companies are focusing on collaboration and merges for constant innovation on the nano-enabled sensor. For instance, General Electric, Air force Research Laboratory, and Lockheed Martin together employ innovative techniques for the nano-based sensor to provide predictive decisions that could monitor the health of the patients for their medical treatments. It is also engaged to design systems to predict the level of fluid inside the body with higher accuracy and precision.


The Global Level Sensor Market, 2017-2023 (USD Billion) Level Sensor Market Image


Key Players


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).


Segments


Level sensor market is bifurcated by technology and application.


Based on technology, level sensor market is sub-segmented into contact type and non-contact type. The contact level is further sub-segmented into pneumatic, vibratory probe, hydrostatic, magnetic & mechanical float, magneto-strictive, and guided wave. Furthermore, non-contact is sub-segmented into ultrasonic, microwave/radar, optical, laser, micro-electro-mechanical system (MEMS), and others.


Application segment is further categorized into consumer goods, automobile, industrial manufacturing, chemicals, dry bulk, pharmaceuticals, waste & water management, oil & gas, energy & power, and healthcare.


Regional Analysis


Level sensor market is geographically segmented into North America, Europe, Asia Pacific Latin America and the Middle East & Africa.


North America is presumed to be leading region over the level sensor market.  The increased investment in existing technology to consolidate with the surging demand for Industrial Internet of things (IIoT) is anticipated to drive the market over the forecast period. Asia Pacific is expected to be the fastest growing region over the forecast period. This is attributed to a large number of electronic manufacturer market in the region. China, Republic of Korea and Japan are expected to be leading countries of the region. India is anticipated to be a fastest growing country in Asia Pacific region owing to an increased percentage of foreign direct investment (FDI) policies. The European region is expected to have the substantial growth over the forecast period. 


Intended Audience



  • 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


 



Report Scope:
Report Attribute/Metric Details
  Market Size   Significant Value
  CAGR   9% (2017-2023)
  Base Year   2019
  Forecast Period   2020-2027
  Historical Data   2018
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   technology, application
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   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)
  Key Market Opportunities   The emergence of nano-enabled sensors is expected to be an opportunity to drive the level sensor market.
  Key Market Drivers

  • Surging demand for supervising and monitoring of fluid level in process industries due to accurate, precise and low-cost perpetuation.
  • The increasing adoption of MEMS and Nano-enabled sensor.


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    Frequently Asked Questions (FAQ) :


    By 2023, the worldwide market of level sensor can surge at 9% CAGR.

    KROHNE Messtechnik GmbH (Germany), TE Connectivity Ltd. (Switzerland), and Nohken, Inc. (Japan) are some well-established players of the level sensor market.

    Consumer goods, industrial manufacturing, automobile, dry bulk, and chemicals are some areas of application of level sensors.

    The large scale adoption of liquid type sensors by the energy and power industry due to increase in oil exploration activities can promote level sensor market.

    Pneumatic, hydrostatic, and vibratory probe are contact type technologies used in level sensors and non-contact type technologies are ultrasonic, optical, laser, and microwave or radar.

    The level sensor is generally used to detect the level of liquids, fluidized assets involving slag, granular slurries, and powders that are present in the upper layer of open surfaces.