ID: MRFR/SEM/4199-CR | April 2020 | Region: Global | 127 pages
Global Level Transmitter Market is expected to grow at a 4.98% CAGR, witnessing substantial growth during the forecast period. The market was valued at USD 2,984.4 Million in 2018; it is expected to reach USD 4,166.7 Million by 2025.
A level transmitter is an industrial measurement instrument/equipment which is used to determine the level of different types of fluids or bulk-solids such as water, fuels, powder, and viscous fluids, among others for process and storage applications with liquids and solids. The basic principle in level measurement involves either the weight of the fluid, position of fluid in a container, or the pressure head of the fluid. The most common and widely used level transmitters include magnetic level transmitters, ultrasonic level transmitters, hydrostatic level transmitters, radar level transmitters, displacer level transmitters, and capacitance level transmitters.
North America accounted for the largest market value of USD 1,007.9 Million in 2018; the market is expected to register a CAGR of 4.98% during the forecast period.
Global Level Transmitter Market, By Product (2018 Vs 2025)
Source: MRFR Analysis
Based on Product, the market has been classified as magnetic level transmitter, capacitance level transmitter, radar level transmitter, ultrasonic level transmitter, digital level transmitter, Hydrostatic level transmitter, displacer level transmitter. The magnetic level transmitter segment accounted for the largest market share in 2018, with a market value of USD 561.7 million during the forecast period. The capacitance level transmitter segment is the second largest segment during forecast period. Ultrasonic level transmitters use an ultrasonic pulse to measure the time delay between the transmitted signal and received echo signal and measures the distance with the help of an on-board microprocessor. Magnetic level transmitters are used for accurately measuring the levels of liquids using magnetostriction, buoyancy, and electronics technologies within a chamber or a tank. Capacitance level transmitters are used for measuring the level of liquids and slurries of homogeneous composition with a stable dielectric constant. Hydrostatic level transmitter is a type of submersible pressure transmitter equipped with a pressure diaphragm.
The increasing need for continuous level monitoring and increasing automation across various industries are factors expected to drive the level transmitter market during the forecast period. However, network congestion and restraint impact analysis are expected to restrain market growth during the forecast period. Furthermore, the growing demand for radar level transmitters is expected to act as an opportunity for the global level transmitter market during the forecast period.
The Global Level Transmitter Market, by region, has been segmented into Asia-Pacific, North America, Europe, and the rest of the World. North America is expected to dominate the global level transmitter market during the forecast period due to the region making significant investments in energy infrastructure to fulfill the growing demands of the oil & gas industry.
The Key Players in the Global Level Transmitter Market are 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) among others.
Key Questions Addressed by the Report
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.