Level Transmitter Market Research Report - Global Forecast till 2027

Level Transmitter Market Research Report: by Product (Ultrasonic Level Transmitter, Magnetic Level Transmitter, Capacitance Level Transmitter, Radar Level Transmitter, Hydrostatic Level Transmitter, Displacer Level Transmitter, Digital Level Transmitter), by Type (Contact, Non-Contact), by End-User (Oil and Gas, Chemical, Power Generation, Others), by Region (North America, Europe, Asia-Pacific, Rest of the World) - Forecast till 2027

ID: MRFR/SEM/4199-CR | April 2020 | Region: Global | 127 Pages         

Level Transmitter Market

Level Transmitter Market is anticipated to reach around USD 4,166.7 Million by 2025, at a CAGR of 4.98%

Segmentation

By Type Contact Non Contact
By Product Magnetic Level Transmitter Capacitance Level Transmitter Radar Level Transmitter Ultrasonic Level Sensor Or Transmitter Digital Level Transmitter Hydrostatic Level Transmitter Displacer Level Transmitter
By End-User Power Generation Oil & Gas Chemical Industry Metals & Mining Food & Beverages Others

Key Players

  • 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)
  • Baker Hughes (US)
  • Schneider Electric Se (France)
  • Krohne Ltd (Germany)
  • Emerson Electric Co. (US)

Drivers

  • The growing inclination towards wireless detection systems can bolster the level transmitter market expansion
  • The increasing need for continuous level monitoring and increasing automation across various industries
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Level Transmitter Market Overview:


The Level Transmitter market is expected to see substantial growth over the forecast period (2018 – 2025). The level transmitter market value was evaluated at USD 2,984.4 Million in 2018. The market is expected to grow at a swift speed, with a CAGR (Compound Annual Growth Rate) of 4.98% in the coming years. The Market value is anticipated to reach around USD 4,166.7 Million by the end of the year 2025. 


A Level Transmitter or sensor is utilized to find out the depth or level of various liquids such as water, fuel, and others. This instrument is used in processing or for storing liquids. There are several types of transmitters available in the market such as displacer level sensors, ultrasonic level sensors, differential pressure level sensors, capacitance level sensors, radar level sensors, magnetic level sensors, and hydrostatic level sensors.


Among the types of transmitters, the magnetic level sensor market had the largest share in the year 2018. Moreover, the magnetic level sensor market is expected to reach a market value of around USD 561.7 million. They also help to measure the exact level of the liquids. Hence, the global level sensor market is expected to grow with the rising demand.


Level Transmitter Market Covid-19 Analysis:


After the impact of Covid-19 across the globe, many large-scale businesses and industries suffered, except healthcare and life support products. The lockdown and physical distancing protocols also affected many small and big business institutions alike. The Ultrasonic water level sensor market also saw a huge downfall in the year 2018.


However, the impact of the pandemic is expected to fade in a few years. Hence, the market is estimated to recover from its downfall very soon and witness substantial growth over the forecast period (2018 – 2025).


Level Transmitter Market Dynamics:


Drivers:
A few factors drive the growth of the level sensor market. The growing requirement for automation and level monitoring in several industries across the globe may contribute to market growth. Moreover, industries are looking for and are actively adopting wireless level detection solutions. Hence, these factors are leading to market growth. 


Opportunities:
There is an increasing demand for radar level sensors for industrial use across the globe. Hence, this factor is anticipated to serve as an opportunity for the global level sensor market to grow.

Restraints:

Restraint impact analysis and network congestion are some of the factors that may inhibit the growth of the global level transmitter market. Various types of sensors may be used for different types of environments and fluids. The same kind of level sensors cannot be used for all chambers and liquids. This may restraint the growth of the market.


Cumulative Growth Analysis:
The global Level Transmitter market is expected to see substantial growth over the forecast period (2018 – 2025). The level sensor market value was evaluated at USD 2.98 billion in 2025. The market is expected to grow at a swift speed, with a CAGR (Compound Annual Growth Rate) of 4.98% in the coming years. The market value is anticipated to reach around USD 4.16 billion by the end of the year 2025. 


Technological Analysis:


Different types of level sensors use different mechanisms to measure the level of fluids. Magnetic level sensors help in detecting the level of fluids accurately using technologies such as buoyancy, electronics, and magnetostriction. It classifies as a water tank level sensor since it is used in water tanks or chambers. 


An ultrasonic level sensor detects the fluid level by high-frequency sound waves across the distance and analyzing the time delay of the echo signal. It has a microprocessor on the device that emits ultrasonic signals. Capacitance level sensors help to measure the level of fluids, viscous liquids, or bulk solids. 


Level Transmitter Market Segment Overview:


The global level transmitter market is divided into various segments such as type, product, and end-user. Given below are the important level sensor market segments:


By Type:



  • Contact 

  • Non-contact 


By Product:



  • Magnetic level transmitter

  • Capacitance level transmitter 

  • Radar level transmitter

  • Ultrasonic level sensor or transmitter

  • Digital level transmitter

  • Hydrostatic level transmitter 

  • Displacer level transmitter


By End-User:



  • Power Generation

  • Oil & Gas

  • Chemical industry

  • Metals & Mining

  • Food & beverages

  • Others


Level Transmitter Market Regional Analysis:


The regional analysis of the global level sensor market is classified as Asia Pacific, North America, Europe, and Middle East & Africa. Among them, North America is anticipated to dominate the market during the level transmitter market forecast. This is because the region is constantly engaging in the development of the oil & gas industry by investing a lot in the infrastructure of the energy sector.


The North American Level Transmitter Market was valued at USD 1 billion in the year 2018. The Asia Pacific region holds the next largest share in the market. This is because of the high industrial activities and the growing demand for petrochemicals in the region. However, Europe is anticipated to be the region with the highest CAGR. Middle & Africa is expected to grow at an average rate. 


Competitive Landscape:


The Level sensor unit market is dominated by a few companies that play a vital role in the growth of the market. These level transmitter manufacturer companies are called the key companies. They contribute to the largest share of the market profit. 


The Level Transmitter Market key companies contribute to the growth of the market by adopting many level transmitter market trends. They offer level sensors of various types, such as ultrasonic water level sensors, capacitance water level sensors, etc. These companies offer advanced and highly accurate level sensors to suit different types of industries.


Level Transmitter Market Key Players:
Listed below are some of the major companies of the global level transmitter market with the location of their headquarters:



  • 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)

  • Baker Hughes (US)

  • Schneider Electric Se (France)

  • Krohne Ltd (Germany)

  • Emerson Electric Co. (US)


Recent Developments:



  • Vega launched its latest non-contact radar sensor called the ‘Vegapuls’ level sensors in November 2019. You can use them for standard industrial measuring. These level sensors can be suitable for both solids and liquids.

  • ABB launched its highly advanced magnetostrictive liquid level sensors called the LMT devices in October 2018. It improves the level of detection accuracy for a lot of applications in gas, power generation, oil, or chemical industries. 

  • Magnetrol launched its latest ‘Magnetrol Eclipse’ model level sensor. This device is a Guided Wave Radar (GWR). It is a steam probe instrument used to detect liquid levels in steam drums and boilers.


Report Overview:


This research report compiles all the information about the growth of the global Level Transmitters market over the forecast period. It also includes different sections of the level transmitter market analysis to help obtain detailed information such as opportunities, challenges, drivers, Covid-19 analysis, regional analysis, competitive landscape, and others. Moreover, all the information is collected from verified primary and secondary sources to deliver the expected market growth of the industry by the year 2027.


Report Details:



  • Historic Period: 2015-2020

  • Base Year: 2021

  • Forecast Period: 2022-2027


Geographically:



  • Europe

  • Asia-Pacific

  • North America

  • Middle East & Africa

  • Rest of the World



Report Scope:

Report Attribute/Metric Details
  Market Size   USD 4,166.7 Million
  CAGR   4.98%
  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   Product, Type, End-User and Region
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Vega Grieshaber Kg (Germany), WIKA Alexander Wiegand Se & Co. KG (Germany), Magnetrol International, Inc.(US), Dwyer Instruments, Inc. (US), Krohne Ltd (Germany), Baker Hughes (US), ABB Group (Switzerland), Emerson Electric Co. (US), Siemens Ag (Germany), Honeywell International, Inc. (US), Schneider Electric Se (France), Yokogawa Electric Corporation (Japan), Ametek, Inc. (US), Endress+Hauser Management Ag (Switzerland), and Fuji Electric Co (Japan)
  Key Market Opportunities   Growing demand for radar level transmitters
  Key Market Drivers

  • The growing inclination towards wireless detection systems can bolster the level transmitter market expansion.
  • The increasing need for continuous level monitoring and increasing automation across various industries


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    Frequently Asked Questions (FAQ) :

    The global market of level transmitter is expected to value at 4 Bn at 7% CAGR by 2023.

    Emerson Electric Co. (U.S.), Yokogawa Electric Corporation (Japan), and Siemens AG (Germany) are some reputed names in the level transmitter market.

    Non-contact and contact are two types of level transmitter. The commonly used radar level transmitters is an example of non-contact type.

    The growing inclination towards wireless detection systems can bolster the level transmitter market expansion.

    Capacitance, displacer, radar, magnetostrictive, ultrasonic, and differential pressure are types of level transmitters that are available in the market.