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“Level transmitter market to exhibit significant growth potentials from 2018 to 2024.”
The level transmitter market is expected to grow from USD 3.0 billion in 2018 to USD 3.7 billion by 2024, at a CAGR of 3.85% during the forecast period. Level transmitters are very easy to install, highly robust, resistant to turbulence, and require little maintenance. The need for more accurate and reliable continuous level measurements for inventory management, process efficiency, and safety applications has driven the level transmitter market growth. Food & beverages and pharmaceuticals industries have been witnessing steady growth owing to the increasing purchasing power and rising consumer demand. Thus, the increasing demand for process automation in these industries drive the growth of the level transmitter market. Moreover, there is a high focus on industrial automation and optimum utilization of resources. However, in continuous level measurement, a large volume of data is generated, which can result in network congestion.
“Water & wastewater is among major industries in level transmitter market.”
With regulations for water quality becoming more stringent and rising demand for consistent water quality, the water supply industry is continually challenged to optimize water treatment processes. The level transmitter is capable of measuring levels in both clean and harsh environments and is a cost-effective solution for water projects. During the stages of wastewater treatment, accurate level measurement of wastewater is essential. Wastewater is required to be stored and pumped to higher levels at pump stations. These pump stations use level transmitters for monitoring the level of wastewater, which facilitates controlling the pumping operation. At all stages in the wastewater network and treatment process, level monitoring of wastewater using level transmitters provides essential control and feedback on the process.
“North America is expected to hold largest market share during forecast period.”
North America is expected to hold the largest market share during the forecast period. It is an important market for level transmitters. The region has increased oil and gas production over the past decades. The growth of the level transmitter market in North America is also attributed to the huge installed base for publicly owned treatment works (POTW) and presence of industrial wastewater treatment plants. This region is also expected to sustain its position as the top market in the near future.
The break-up of the profiles of primary participants for the report has been given below:
- By Company Type: Tier 1 = 23%, Tier 2 = 30%, and Tier 3 = 47%
- By Designation: C–Level Executives = 45%, Directors = 36%, and Others = 19%
- By Region: North America = 30%, Europe = 40%, APAC = 20%, and RoW = 10%
Endress+Hauser (Switzerland), VEGA (Germany), Emerson Electric (US), Siemens (Germany), and KROHNE (Germany) are a few major market players.
Other players in the level transmitter market include ABB (Switzerland), Honeywell (US), Yokogawa (Japan), AMETEK (US), Magnetrol (US), Schneider Electric (France), WIKA (Germany), B?rkert Fluid Control Systems (Germany), Dwyer Instruments (US), Spectris (Omega Engineering) (US), GF Piping Systems (Switzerland), Nivelco (Hungary), Viatran (US), and Monitor Technologies LLC (US).
The market study covers the level transmitter market across segments. It aims at estimating the market size and the growth potential of this market across different segments, such as technology, type, industry, and region. The study also includes an in-depth competitive analysis of key players in the market, along with their company profiles, key observations related to product and business offerings, recent developments, and key market strategies. The report covers 4 major geographic regions?North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW).
Key Benefits of Buying the Report:
- Illustrative segmentation, analysis, and forecast of the market based on technology, type, industry, and geography to give an overall view of the level transmitter market
- Comprehensive coverage of major drivers, restraints, opportunities, and challenges pertaining to the market
- Detailed competitive landscape, along with key players, in-depth analyses, and revenues of key players