The level transmitter market is expected to grow at a CAGR of 4.62% over the forecast period to grow from US$2.590 billion in 2017 to US$3.397 billion in 2023. 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. North America region accounted for the major share of global level transmitter market in 2017, 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 automotive, petrochemicals, and wastewater treatment among others. 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.
This research study examines the current market trends related to the demand, supply, and sales, in addition to the recent developments. Major drivers, restraints, and opportunities have been covered to provide an exhaustive picture of the market. The analysis presents in-depth information regarding the development, trends, and industry policies and regulations implemented in each of the geographical regions. Further, the overall regulatory framework of the market has been exhaustively covered to offer stakeholders a better understanding of the key factors affecting the overall market environment.
Identification of key industry players in the industry and their revenue contribution to the overall business or relevant segment aligned to the study have been covered as a part of competitive intelligence done through extensive secondary research. Various studies and data published by industry associations, analyst reports, investor presentations, press releases and journals among others have been taken into consideration while conducting the secondary research. Both bottom-up and top down approaches have been utilized to determine the market size of the overall market and key segments. The values obtained are correlated with the primary inputs of the key stakeholders in the level transmitter value chain. Last step involves complete market engineering which includes analyzing the data from different sources and existing proprietary datasets while using various data triangulation methods for market breakdown and forecasting. Market intelligence is presented in the form of analysis, charts, and graphics to help the clients in gaining faster and efficient understanding of the market.
Major industry player profiles as part of this report are General Electric, Siemens, ABB, and Yokogawa Electric Corporation among other companies. Other players include WIKA instrument, Emerson Electric, Fuji Electric, VEGA Grieshaber, KROHNE Messtechnik and Honeywell International.
The level transmitter market has been segmented by type, industrial vertical, and geography as below:
By Industrial Vertical
Metals & Mining
Oil & Gas
Middle East and Africa