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Level Sensors Market Share

Report ID: GMI7135
Published Date: Oct 2023
Report Format: PDF

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Level Sensors Market Share

The players operating in the market focus on implementing different growth strategies to strengthen their offerings and expand market reach. These strategies involve new product development & launches, partnerships & collaborations, mergers & acquisitions, and customer retention. The market players also heavily invest in R&D to introduce innovative and technologically-advanced solutions in the level sensors industry. The major players operating in the level sensors industry are mentioned below:

ABB Ltd.
Emerson Electric Company
Endress + Hauser AG
Honeywell International, Inc.
Siemens AG
Vega Grieshaber KG
Magnetrol International, Inc.

Authors: Suraj Gujar , Deeksha Vishwakarma

Frequently Asked Questions (FAQ) :

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.

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.

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.

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.