The level sensor market  size is expected to reach USD 6.4 billion by 2029 from USD 4.1 billion in 2022.  The global level sensor market is projected to grow at a CAGR of 6.3% during 2022-2029.

Market gains are further estimated to be supported by many factors, such as smart level sensor applications and full proliferation of advanced industrial technologies. The growing demand for intelligent devices, which broadly include smart level sensors and smart transmitters to improve measurement accuracy, is expected to create tremendous opportunities for the global level sensor market.

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level sensor market

The chemical and petrochemical industries will continue to maintain high demand for ultrasonic and microwave/radar level sensors for a variety of applications including fuel level detection, leak monitoring and flow measurement. Additionally, the installation of water tank water level controllers and automatic water level controllers for measuring water level in wells and tanks is expected to drive the water level sensor market growth during the forecast period. 

Demand for ultrasound technology creates new growth opportunities

According to the FMI analysis, it is estimated that ultrasonic sensors will gain preference with a wide margin among end users due to their high sensitivity, high frequency and high transmittance. However, an increase in the transition to microwave/radar technology will be observed until the end of 2029, which will be driven by the growing demand for continuous level measurement of bulk solids. The oil and gas segment is expected to account for a significant portion of the global market share due to growing adoption in tank level monitoring, fuel and chemical injection and various other applications. The need to continuously monitor the level of wastewater in sewage treatment plants will not diminish the adoption of level sensors in waste and wastewater treatment applications.

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The report highlights several prominent market players who have established themselves as leaders in the level sensor market. With a portfolio of ‘best-in-class’ products, these leaders continue to set a path for profitable growth through personalized innovation and new model launches. For example, in 2017 Vega Grieshaber KG announced the launch of a new wirelessly operated process sensor ‘PLICSCOM’. In 2016, Endress+Hauser AG announced the official launch of the ‘Tank Gauge’ platform, a holistic monitoring and inventory control system for tank farms as well as terminals for bulk storage and transportation of oil and gas, chemical and refining application units. . liquid and solid.

Mergers and acquisitions will continue to occupy a significant place on manufacturers’ agendas, given that these strategic alliances provide tremendous scope for growth through a pool of combined expertise and shared resources. For example, in 2022 Rochester Gauges, LLC announced the official acquisition of FPI Sensors, which will further expand Rochester’s market share in the liquid level sensor space. As Rochester’s acquisitions continue to grow on its legacy of providing high-quality products and industry-leading customer service, Rochester will gain access to and benefit from a greater pool of untapped opportunities.

How has the COVID-19 crisis impacted level sensor sales? With the onset of COVID-19, several end-user industries such as manufacturing, oil and gas that are being marketed have been impacted by downsizing operations, temporary plant closures, and more. Due to COVID-19, many ongoing or new projects across the oil and gas value chain are likely to face many challenges in terms of project execution, planning and risk management. A major concern in the renewable energy industry is global supply chains that are slowing production significantly, with the goal of reducing spending on new measurement systems and sensors.In addition to automobiles and oil and gas, many other industries around the world, including power generation and mining, have halted production in almost all countries due to the pandemic. This is expected to lower the demand for level sensors and significantly impact the market growth during the forecast period.

Level Sensors Market Research by Category, By Technology:

  • ultrasonic wave
  • capacitance
  • conductivity
  • spiritual
  • vibration probe
  • optics
  • microwave/radar
  • magnetostriction
  • hydrostatic pressure
  • Magnetic and mechanical probes
  • guided wave
  • laser
  • nuclear
  • bubble
  • load cell

By application medium:

  • Hard
  • Liquid

By monitoring type:

  • point level
  • continuous level

By device type:

  • Contact type
  • contactless

By industry:

  • Chemicals and petrochemicals
  • Restrictions
  • energy and power
  • oil and gas
  • Waste and wastewater treatment
  • food and beverage
  • Etc

area:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • Asia Pacific excluding Japan
  • Japan
  • Middle East and Africa

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Key questions answered in the report

  • What is the value of Global Demand for Level Sensors?

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