Home > Semiconductors & Electronics > Electronics > Float Level Switches Market

Float Level Switches Market Trends

Report ID: GMI9850
Published Date: Jun 2024
Report Format: PDF

Download Free Sample

Float Level Switches Market Trends

The float level switches industry is experiencing prominent developments as a result of technical improvements and changing business demands. Integration of smart and wireless technologies, which allow for real-time monitoring and remote control of liquid levels, increasing operating efficiency and reducing the need for manual inspections. Furthermore, there is an increasing emphasis on the use of strong and corrosion-resistant materials to improve the durability and longevity of float level switches in hostile settings, such as chemical processing and wastewater treatment plants. Development of compact and miniaturized float level switches to cater to applications with space constraints, such as in consumer electronics and medical devices. Furthermore, the increasing focus on environmental sustainability and regulatory compliance is pushing industries to adopt more reliable and precise level measurement solutions, driving the demand for advanced float level switches that ensure safety and efficiency in liquid handling processes.

For instance, in April 2024, SOR Controls Group launched AquaSwitch Pro. This subimersible float level switch is ideal for use in a variety of liquids due to its multi-material compatibility. It also features IO-Link connectivity, which allows for easy integration into industrial automation systems.

Authors: Suraj Gujar, Rutvij Kshirsagar

Frequently Asked Questions (FAQ) :

Market size for float level switches was USD 691.3 million in 2023 and is expected to register over 4% CAGR from 2024-2032 owing to industries such as oil and gas, water and wastewater treatment, etc, relying extensively on float level switches for liquid level monitoring and control worldwide.

Float level switches industry from the plastic segment is expected to reach over USD 400 million by 2032 due to being more cost-effective compared to their metal counterparts, making them an attractive option for many applications.

North America industry held over 35% share in 2023 and is expected to register a commendable CAGR from 2024-2032 due to widespread adoption of automation and process control systems in the region.

Emerson Electric Co., ABB Ltd., VEGA Grieshaber KG, Gems Sensors, Inc., SJE-Rhombus Inc., and WIKA Group, are some of the major float level switches companies worldwide.