Get a free sample of Level Sensors Market
Thank you!
Your inquiry has been received. Our team will reach out to you with the required details via email. To ensure that you don't miss their response, kindly remember to check your spam folder as well!
Form submitted successfully!
Error submitting form. Please try again.
Get a free sample of Level Sensors Market
Thank you!
Your inquiry has been received. Our team will reach out to you with the required details via email. To ensure that you don't miss their response, kindly remember to check your spam folder as well!
Form submitted successfully!
Error submitting form. Please try again.
Level Sensors Market Analysis
Based on end-use industry, the market is segmented into automotive, consumer electronics, healthcare, oil & gas, food & beverages, chemical, water & wastewater treatment, and others. The oil & gas segment dominated the market in 2022 with a market share of over 20%.
- The oil & gas sector operates in environments with potentially hazardous materials. Level sensors help ensure the safe storage & transportation of these substances by preventing overflows and leaks, thus aiding in compliance with safety regulations.
- The increasing demand for oil & gas has led to the expansion of storage and transportation infrastructure. Level sensors are essential in managing the increased capacity and ensuring smooth operations.
Based on type, the market is divided into contact sensor and contactless sensor. The contactless sensor segment is anticipated to register a CAGR of over 8% between 2023 and 2032.
- Contactless sensors do not need to be inserted into the material being measured, which makes them suitable for applications involving corrosive, abrasive, or viscous substances. They can also be used in hygienic applications where contact sensors may contaminate the materials.
- Many contactless sensors are compatible with remote monitoring and automation systems, allowing for real-time data collection and adjustments, which is essential in modern industrial processes.
Asia Pacific dominated the global level sensors market with a share of over 40% in 2022. The rapid industrialization and urbanization in countries including China and India are driving the demand for level sensors across sectors including manufacturing, water & wastewater management, and oil & gas. The need for efficient and automated processes, along with stringent environmental regulations, has also accelerated the adoption of level sensors for better control & monitoring of liquid and solid materials. The technological advancements and increasing infrastructure projects have further fueled market expansion in Asia Pacific, making it a fertile ground for level sensor solutions.
What factors are influencing level sensors market growth in Asia Pacific?
Asia Pacific recorded over 40% share of the level sensors market in 2022 and is expected to register commendable CAGR from 2023-2032 owing to the rapid industrialization and urbanization in the region.
Why is the demand for level sensors growing in the oil & gas sector?
The oil and gas end-use segment held over 20% share of the level sensors industry in 2022 on account of the surging need to ensure the safe storage & transportation of substances by preventing overflows and leaks.
How big is the level sensors industry?
Market size for level sensors size crossed USD 4 billion in 2022 and will register 7% CAGR from 2023-2032 due to the rising demand in process industries, such as chemical, oil & gas, pharmaceuticals, and food & beverage worldwide.
Who are the key level sensors business players?
ABB Ltd., Emerson Electric Company, Endress + Hauser AG, Honeywell International, Inc., Siemens AG, Vega Grieshaber KG, and Magnetrol International, Inc. are some of the major level sensors companies worldwide.