Level Sensor Market Outlook-2026
The global level sensor market was valued at $4.44 billion in 2018, and is projected to reach $7.36 billion by 2026, registering a CAGR of 6.50% from 2019 to 2026. Level sensor is a device that determines the level of fluids or other substances that flow in an open or closed system. There are two types of level measurements, namely, continuous and point level measurements. Continuous level sensors are used to measure levels to a specific limit, but they provide accurate results, whereas, point level monitoring sensors determine the level of fluid above or below a specific point. Level sensors detect the level of fluid or substance by establishing contact or either by non-contact technologies such as ultrasonic, radar, and other such methods.
Factors such as emerging advancement of level sensors, rapid adoption of industrial automation, and rise in use of level sensors in the energy & power industry drive the market. However, lack of precision and accuracy of level sensors and increase in the adoption of electric vehicles hamper the market. Furthermore, the growth in the use of level sensors in the residential sector is expected to create lucrative opportunities for level sensor market during the forecast period.
SEGMENT OVERVIEW
The level sensor market is segmented into type, application, end use, and region. By type, it is bifurcated into contact and non-contact level sensors. By application, it is divided into continuous level monitoring and point level monitoring. The end use segment is divided into automotive, aerospace & defense, energy and power, healthcare, industrial, and others. Region-wise, it is analyzed across North America, Europe, and LAMEA. In 2018, the contact level sensor segment dominated the market in terms of revenue, owing to its cost-effectiveness compared to continuous level monitoring.
The application covered in the study include point level monitoring and continuous level monitoring. The point level sensor is sub-segmented into capacitance, optical, conductivity, and vibrating and float switch. The continuous level monitoring is further divided into ultrasonic and RADAR. In 2018, the point level monitoring dominated the global market, in terms of revenue, and is expected to secure a leading position during the level sensor market forecast period.
Depending on end use, the level sensor market trends is categorized into automotive, aerospace & defense, energy and power, healthcare, industrial, and others. The energy & power segment is anticipated to witness considerable level sensor market opportunity globally. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
By Type
Building based vertical farms segment is projected as one of the most lucrative segments.
TOP IMPACTING FACTORS
The dynamics such as emerging advancement of level sensors, rapid adoption of industrial automation, rise in use of level sensors in the energy & power industry drive the global level sensor market. However, lack of precision and accuracy of level sensors and increase in adoption of electric vehicles hamper the level sensor market share. Furthermore, the growth in the use of level sensors in the residential sector is expected to create lucrative opportunities for level sensors during the level sensor market forecast period.
By Application
Hydroponics segment is expected to secure leading position during forecast period.
Some major factors impacting the market growth are given below:
Emerging advancement of level sensors
The growth and development in compact technology has advanced the function of level sensors. The advanced sensors are deployed for various operations with enhanced precision and accuracy. Further, integration of IoT and machine learning in level sensors has increased its demand in various industries and assist in the level sensor market growth globally.
Rapid adoption of industrial automation
By Region
Asia-Pacific region would exhibit the highest CAGR of 7.60% during 2019-2026
Fastrack adoption of AI and IoT in various industries, referred to as industrial revolution 4.0, has proved to be a catalyst for the level sensor market. Level sensors are used in industries such as food and beverages, energy & power, healthcare, and others, which are shifting toward automation due to increased accuracy in redundant operations.
Rise in use level sensors in the energy & power industry
The energy & power sector has witnessed adoption of automation since past few years. The oil & petroleum industry requires installation of level sensors that monitor the fuel level in tanks and large containers. The rise in dependency on energy & power has also increased demand for higher rate of energy and power production. This promotes the energy & power sector toward automation for better efficiency, which, in turn, leads to the increase in demand for level sensors, which provides lucrative level sensor market size opportunities globally.
COMPETITIVE ANALYSIS
The level sensor industry provides a comprehensive analysis of the major market players such as ABB Ltd., AMETEK Inc., Emerson Electric Co., Endress+Hauser Management AG, Honeywell International Inc., Siemens AG, Taiwan Semiconductor Manufacturing Company Limited, TE Connectivity, Texas Instruments, and Vega Grieshaber Kg. Furthermore, prominent strategies such as product launch, business expansion, and others are adopted by leading players to strengthen their business reach and position in the global level sensor market. For instance, Siemens launched the next generation of digital clamp-on ultrasonic flow measurement technology. The Sitrans FST030 transmitter is dependent on Sitrans FSS200.
Key Benefits for Level Sensor Market:
- This report provides an extensive analysis of the current and emerging market trends and dynamics in the global level sensor market.
- In-depth analysis is conducted by semiconductor and electronics market estimations for the key market segments between 2018 and 2026.
- Extensive level sensor market analysis is conducted by following key product positioning and monitoring the top competitors within the market framework.
- Key players are profiled, and their strategies are analyzed thoroughly to understand the competitive outlook of the global level sensor market.
Level Sensor Market Report Highlights
| Aspects | Details |
 By Type |
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 By APPLICATION |
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 By END USE |
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 By Region |
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 Key Market Players | TE Connectivity, Vega Grieshaber Kg, AMETEK INC, Texas Instrument, ABB Ltd, Taiwan Semiconductor Manufacturing Company Limited, Endress+Hauser Management AG, Emerson Electric Co, Honeywell International Inc, SIEMENS AG |
Analyst Review
The global level sensor market possesses a high growth potential, owing to the development of the energy & power industry. The current business scenario is witnessing an increase in demand for level sensors, particularly in developing regions, such as China and India, which propels the growth of the market. Moreover, companies in this industry are adopting various innovative techniques to provide consumers with enhanced level sensor technologies for various industries globally.
Level sensors offer numerous benefits such as emerging advancement of level sensors, rapid adoption of industrial automation, rise in use of level sensors in the energy & power industry drive the global level sensor market. However, lack of precision and accuracy of level sensors and increase in the adoption of electric vehicles hamper the market. Furthermore, the growth in the use of level sensors in the residential sector is expected to create lucrative opportunities for level sensors during the forecast period.
Key players operating in the global level sensor market ABB Ltd., AMETEK Inc., Emerson Electric Co., Endress+Hauser Management AG, Honeywell International Inc., Siemens AG, Taiwan Semiconductor Manufacturing Company Limited, TE Connectivity, Texas Instruments, and Vega Grieshaber Kg.
Emerging advancement of level sensors, rapid adoption of industrial automation, rise in use of level sensors in the energy & power industry are some of the factors driving the level sensor market trends.
The global level sensor market size is expected to register a CAGR of 6.50% during the forecast period.
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The potential customers of Level Senor Market are majorly from energy & power, healthcare, and industrial sector.
The leading players in level sensor market include ABB Ltd., AMETEK Inc., Emerson Electric Co., Endress+Hauser Management AG, Honeywell International Inc., Siemens AG, Taiwan Semiconductor Manufacturing Company Limited, TE Connectivity, Texas Instruments, and Vega Grieshaber KG.
Asia-Pacific region is currently leading the market and is expected to provide considerable business opportunities for level sensor market in future.
On the basis of top growing big corporations, we select top 10 players.
The level sensor is used for point level monitoring and continuous level monitoring in automotive, aerospace & defense, energy & power, healthcare and industrial industry verticals.
The key growth strategies adopted by level sensor industry player includes product launch and business expansion.
The global level sensor market was valued at $4.44 billion in 2018.
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