Category

Level Transmitter Market Size, Share, Opportunities, And Trends By Technology (Ultrasonic, Radar, Capacitive, Differential Pressure, Others), By Type (Contact, Non-Contact), By Industrial Vertical (Oil & Gas, Chemical, Food & Beverage, Energy & Power, Others) And By Geography - Forecasts From 2020 To 2025

Published: May 2020 | Report Code:  KSI061610070 | Pages:  120

The level transmitter market is expected to grow at a CAGR of 4.49% over the forecast period to grow from US$2,822.662 million in 2019 to US$3,673.858 million in 2025. Level transmitter is an instrument that provides continuous level measurement and is used to determine the level of a given liquid or bulk-solid at any given time. Factors such as increasing demand for wireless connectivity in level instrumentation and stringent regulations regarding water and wastewater treatment processes are driving the global level transmitter market growth. Moreover, the manufacturing plants are increasingly focusing on utilizing instruments enable them to reduce power consumption and improve operation efficiency. The ability of level transmitters to provide continuous monitoring of liquid and slurries in storage and process vessels has been instrumental in its growth over the years.

Level Transmitter Market, By Type, 2019 to 2025 Level Transmitter Market, By Type, 2025

The ability to provide continuous monitoring of fluids is driving the demand for level transmitters.

The level transmitters is widely used in the businesses that require continuous monitoring to ensure effective performance and control over the operations. For instance, the photovaltic industry requires continuous monitoring of fluids used in the manufacture of photovaltic and the ultrasonic sensors is considered ideal for monitoring for such application. In fact, the production volume of photovaltic has increased at a CAGR of 40% over the last 15 years (source: JRC Science for Policy Report, European Commission) and is further expected to increase during the course of the forecast period with gradual shift towards the renewable energy resources by the global economy. Moreover, the production of electronic is also increasing globally, which is further supplementing the growth of the market as these transmitters is suitable for level sensing of the fluids required in the production of different electronic equipment and devices. Thus, the continuous increase in the electronic, photovaltic and other industries using corrosive fluid that require continuous monitoring is projected to drive the level transmitter market during  the forecast period. Furthermore, the level transmitter is also used for measuring the level of boiler water tank and highly corrosive liquid. It is basically used for ensuring that the correct amount of water is added to the boiler to ensure the safety of the operation. The boiler is considered important equipment in food industry, textile industry, energy and power industry, and chemical industry among others.

Level Transmitter Market, By Type, 2019 to 2025 Level Transmitter Market, By Geography, 2025

The level transmitters are widely utilized by the cement manufacturers with Siemen’s SITRANS LR400 level transmitter being one of the popular products among them. In fact, cement production at the global level improved slightly from 4,050,000 thousand metric tons in 2017 to 4,100,000 thousand metric tons in 2018 (source: U.S Geological Survey), thus, indicating, a growing market for the level transmitter manufacturers.

North America is anticipated to grow at a stable rate during the forecast period.

North America region accounted for the significant share of global level transmitter market in 2019, where the U.S. has dominated the market on account of the presence of key market players such as Honeywell International, and General Electric Co. among others. The market in this region will witness a significant growth during the forecast period owing to advancement in level sensing technology, coupled with mushrooming demand from end-use industry verticals such as petrochemicals, oil & gas, and wastewater treatment among others. The government of the United States is significantly boosting investment in order to improve its status as an oil exporter at the global level. Specifically, the government is investing on improving the infrastructure that will allow the transportation of oil to the global market.

Asia-Pacific region is projected to experience the highest growth rate due to rapid urbanization and industrialization in developing economies of China and India. Reduction in field engineering and construction costs incurred, along with rising demand for level sensing in industrial manufacturing will boost the demand for level transmitters. Significant investments and new chemical, petrochemical, and refining industries in Asia Pacific will further boost the demand for level transmitters, thereby impacting the overall level transmitter market.

Segmentation:

  • By Technology

o    Ultrasonic

o    Radar

o    Capacitive

o    Differential Pressure

o    Others

  • By Type

o    Contact

o    Non-Contact

  • By Industry Vertical

o    Oil & Gas

o    Chemical

o    Food & Beverage

o    Energy & power

o    Others

  • By Geography

o    North America

  • USA
  • Canada
  • Mexico

o    South America

  • Brazil
  • Argentina
  • Others

o    Europe

  • UK
  • Germany
  • France
  • Others

o    Middle East and Africa

  • Saudi Arabia
  • Israel
  • Others

o    Asia Pacific

  • Japan
  • China
  • India
  • South Korea
  • Others

Frequently Asked Questions (FAQs)

Q1. What is the level transmitter market size?
A1. The level transmitter market was valued at US$2,822.662 million in 2019.
 
Q2. What will be the level transmitter market size by 2025?
A2. Level Transmitter Market is projected to reach at US$3,673.858 million by 2025.
 
Q3. What factors are anticipated to drive the level transmitter market?
A3. The ability to provide continuous monitoring of fluids is driving the demand for level transmitters.
 
Q4. What are the growth prospects for level transmitter market?
A4. The level transmitter market is expected to grow at a CAGR of 4.49% over the forecast period.
 
Q5. Which region holds the largest market share in the level transmitter market?
A5. North America is anticipated to grow at a stable rate during the forecast period.
 

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