Market Snapshot
According to MRFR, the Global Level
Transmitter Market is expected to grow at
a 4.98% CAGR, observing substantial growth over the forecast period. The
market was valued at USD 2,984.4 Million in 2018 and is poised to
reach USD 4,166.7 Million by 2025.
Companies Covered
The Key Players in the Global Level Transmitter Market
are WIKA Alexander Wiegand Se & Co. KG (Germany), Vega Grieshaber Kg
(Germany), Magnetrol International, Inc.(US), Krohne Ltd (Germany), Dwyer
Instruments, Inc. (US), Baker Hughes (US), Emerson Electric Co. (US), ABB Group
(Switzerland), Siemens Ag (Germany), Honeywell International, Inc. (US),
Yokogawa Electric Corporation (Japan), Schneider Electric Se (France),
Endress+Hauser Management Ag (Switzerland), Ametek, Inc. (US), and Fuji
Electric Co (Japan) among others.
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Market Highlights
Factors anticipated to drive the Level Transmitter Market Research during
the forecast period are the rising need for continuous level monitoring and
growing automation across diverse industries. Growing demand for reliable and
accurate level transmitters is a major driver of growth in the transmitter
market at global level. Level transmitters are often mounted on top of tanks
and can also be quickly installed and removed. Using wireless communication
these can also be connected to display. Growing use of wireless instruments is
another factor fueling global market growth. Another factor expected to
increase is the growing usage of non-contact level transmitters for various
applications for level transmitters in end-use industries.
Nonetheless, study of the effects of network congestion and
constraint is expected to limit market growth over the forecast period. In
addition , the increasing demand for radar level transmitters is expected to
serve as an opportunity for the global transmitter market over the forecast
period.
Segmental Outlook
The Global Level Transmitter Market has been segmented based
on End-User, Type, Product, and Region.
Based on Product, the market has been divided as magnetic
level transmitter, radar level transmitter, digital level transmitter,
capacitance level transmitter, ultrasonic level transmitter, Hydrostatic level
transmitter, displacer level transmitter. The magnetic level transmitter
segment held the largest market share in 2018, with a market valuation of USD
561.7 million over the review period.
The market was divided into contact and non-contact, based on
Size. The contact form group accounted for the greater market share with the
highest market value in 2018. Pressure level transmitters with the help of
probes are in direct contact with the measuring fluid. These tools are used to
calculate liquid level by conductive level switches, float switches, vibrating
forks and others. The non-contact level transmitter form is a premium level
measuring system that is costly but that provides accurate and reliable data
readings.
The market was classified into oil & gas, chemicals, power
generation, and others based on End-user. In 2018, the oil & gas segment
represented the greater market share, with the highest market value. Over the
forecast period power generation is expected to grow at the highest CAGR. The
that technical developments and the growing demand from offshore production
facilities for reliable and accurate measuring instruments increase the demand
for level transmitters in the oil & gas field. The chemical industry is
gaining popularity because of the growing market demand, beverages,
manufacturing, and pharmaceutical companies. The power generation sector
manufactures a large amount of energy for various end-users such as
residential, commercial, and industrial.
Regional Outlook
The global level market for transmitters has been segmented
into Asia-Pacific, North America , Europe, and the rest of the world, by
country.
Due to the area making substantial investments in energy
infrastructure to meet the rising demands of the oil & gas industry, North
America is expected to dominate the global level transmitter market during the
forecast period.
Asia Pacific market is expected to experience the highest
revenue growth over the forecast period. Rising investment in the industrial
sector, coupled with increasing urbanization, are factors that drive target
demand growth in Asia Pacific.
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