The total level sensor market is expected to reach $4,084 million by 2018, at a CAGR of 7.8 percent from 2013 to 2018, according to a new report available from Research and Markets. In terms of volume, the total number of level sensors shipped was 117.41 million units in 2012 and is expected to reach 248.46 million units by 2018, at an estimated CAGR of 12.9 percent from 2013 to 2018.
According to "Level Sensors Market: Global Forecast & Analysis – Focus on Technologies,” North America leads the overall global level sensors market, with the U.S. contributing for the largest percentage share in 2012. Europe, Asia-Pacific (APAC), and Rest of the world (ROW) follow it.
Non-Contact Level Measurement on Upswing
Level measurement is a very basic process used across several industrial segments. Due to advancement in level sensing technologies, level sensors are expected to show proper growth during the forecast period. The market has entered into a transition from contact type of measurement to non-contact type of measurement over the past five years. Though the current market is dominated by contact level sensors, such as the magnetic float sensor and vibratory probe level sensor, the report predicts strong growth in non-contact level sensing technologies, such as the ultrasonic level sensor and radar in the future due to their suitability for applications in hazardous environments.
Similar to other electronic devices, level sensors also are increasingly becoming compact and micro-sized, due to advanced requirements in form-factor and functionality in various applications in industrial, construction, chemicals and manufacturing, food and beverage, pharmaceutical, oil and gas, petrochemical, and several other application fields.
Water & Wastewater Buoys Level Sensors Market
Out of all the applications, water and wastewater management (which includes raw water, drinking water, sewage, industrial effluent, brakish water, and sea water desalination) is one of the most prominent end-users of level sensors. In developed nations like the U.S., U.K. and Germany, industrial and municipal wastewater treatment is considered a big market due to various government regulations, but it is still at infant phase in developing economies like India, China and Brazil. It is expected that adoption rates of water treatment technologies in developing nations are expected to rise during the forecasted period, thus making it a good market for level sensors.
For more on the "Level Sensors Market: Global Forecast & Analysis – Focus on Technologies,” visit www.researchandmarkets.com.
