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Level Sensor market Size & Growth Report
The Level Sensor Market growth driven by advancements in automation, the increasing need for accurate measurement solutions, and the rise of smart technologies.
AUSTIN, TX, UNITED STATES, January 8, 2025 /EINPresswire / -- Market Size &
industry Insights
As Per the SNS Insider,“The Level Sensor Market was USD 4.79 Billion in 2023 and is expected to reach USD 9.18 Billion by 2032, growing at a CAGR of 7.50% over the forecast period of 2024-2032.”
Level Sensor Market Surges with Innovations in IoT and Non-Contact Technology, Driving Industry-wide Digitalization
The Level Sensor Market has seen considerable growth across various industries such as oil and gas, chemicals, pharmaceuticals, and water treatment. Level sensors measure the levels of liquids, solids, and granular materials with high accuracy to ensure process control. Increased demand for accurate, reliable, and safe measurement systems is a key growth driver. Innovations in sensor technology, especially the adoption of non-contact sensors and IoT integration, are enhancing the functionality, accuracy, and convenience of these systems.
The launch of Endress+Hauser's radar level sensors, such as the Micropilot FMR10 and FMR20 with Bluetooth connectivity, highlights the digitalization trend in the market. The Siemens SITRANS LR240 is a perfect example of an industry-wide shift towards smart solutions through real-time communication and self-optimizing algorithms. The North American oil and gas sector, with more than 550 projects scheduled to begin between 2024 and 2028, underscores the need for level sensors to ensure safety and efficiency.
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SWOT Analysis of Key Players as follows:
- ABB
- Emerson
- Endress+Hauser
- Vega Grieshaber KG
- Siemens
- Honeywell
- AMETEK
- Schneider Electric
- TE Connectivity
- Gems Sensors
- Garner Industries
- Bindicator
- Magnetrol
- OMEGA Engineering
- MTS System Corporation
- Pepperl+Fuchs GmbH
- Senix Corporation
Automation Across Various Industries Is the Primary Driving Force for The Level Sensor Market
These sensors are very important in maintaining inventory levels, optimizing fluid extraction in the oil and gas sector, and ensuring product quality in food and beverage packaging. Among these sensors, non-contact sensors are becoming popular because of their flexibility, low maintenance, and high accuracy of measurement. Moreover, industrial IoT (IIoT) advancement and implementation of Industry 4.0 principles increase the demand for smart sensors that can work in a two-way communication method.
SEGMENT ANALYSIS
By Technology
Non-contact sensors lead in 2023, capturing a 53% Market share, and will expand at the fastest CAGR during the forecast period. Their flexibility, low maintenance requirements, and high accuracy make them the favorite among industries. Non-contact sensors, including ultrasonic, capacitive, and photoelectric devices, work exceptionally well in applications demanding quick and reliable measurements.
By Type
Ultrasonic segment led by type, with more than 20% of the market share in 2023. These sensors are known for their accuracy and adaptability. They measure levels by the use of ultrasonic pulses. Hydrostatic sensors, on the other hand, are the fastest growing segment because they can be applied to various applications like refilling automation in tanks for the collection of real-time data.
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KEY MARKET SEGMENTS:
By Technology
Contact/Point level
Non-contact/Continuous Level
By Type
Magnetostrictive
Vibratory Probe
Hydrostatic
Magnetic & Mechanical Float
Pneumatic
Guided Wave
Ultrasonic
Microwave
Optical
Laser
Other
By Application
Automotive
Consumer Electronics
Healthcare
Industrial Process
Oil & Gas
Dry Bulk
Others
REGIONAL ANALYSIS
In 2023, North America dominated the Level Sensor Market by holding the highest share at 34%. The growth of the region is mainly attributed to the increase in the usage of sensors in new car models and the development of environmental monitoring programs. For example, the U.S. Environmental Protection Agency has launched an Air, Climate, and Energy research program to analyze low-cost O3 and NO2 sensors, with researchers working in tandem with sensor developers to enhance the sensor specifications.
Asia Pacific is likely to grow at the fastest CAGR of 8.5% in the forecast period 2024-2032. The main growth contributor in this region is due to the presence of top-notch semiconductor manufacturers in countries such as South Korea, China, and Japan. Moreover, growing concerns over water and environmental management are increasing the demand for advanced-level sensing solutions that enhance market expansion in the region.
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RECENT DEVELOPMENTS
-In October 2024, Vega will be a global leader in measurement technology, and compact radar-level sensors have obtained WRAS certification. It joins other products of the company including VEGAWELL 52 pressure transmitters, which are also WRAS certified.
-In June 2024, ABB launched an improved NINVA TSP341-N non-invasive temperature sensor with better safety and simplicity for measuring temperature in chemical and oil and gas applications. The new NINVA is the first SIL2-certified non-invasive temperature transmitter, which means that it is the safest non-invasive temperature measurement sensor in the market.
Table of Content - Major Points Analysis
Chapter 1. Introduction
Chapter 2. Executive Summary
Chapter 3. Research Methodology
Chapter 4. Market Dynamics Impact Analysis
Chapter 5. Statistical Insights and Trends Reporting
Chapter 6. Competitive Landscape
Chapter 7. Level Sensor Market Segmentation, by Technology
Chapter 8. Level Sensor Market Segmentation, by Type
Chapter 9. Level Sensor Market Segmentation, by Application
Chapter 10. Regional Analysis
Chapter 11. Company Profiles
Chapter 12. Use Cases and Best Practices
Chapter 13. Conclusion
Continued...
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Akash Anand
SNS Insider
+1 415-230-0044
...
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