Market Research Blog

The Level sensor market size is anticipated to reach US$ 6.4 billion by 2029, growing at a 6.3% CAGR between 2022 and 2029. Additional market gains are predicted to be supported by a variety of causes, including the application of smart level sensors and the sheer spread of innovative industrial technology.

The growing demand for intelligent devices, which would broadly include smart level sensors and smart transmitters, to improve measurement accuracy is expected to create enormous opportunities for the global level sensor market.

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Demand for Ultrasonic Technology Creates New Growth Opportunities

According to the FMI analysis, ultrasonic sensors are estimated to gain end user favour by a wide margin, on account of their high sensitivity, high frequency, and high penetrating power. However, the growing transition toward microwave/radar technology is likely to be observed by the end of 2029, set in motion by growing demand for continuous level measurement of bulk solids.

The oil and gas segment is anticipated to command for a significant pie of the global market share, on account of growing adoption in tank level monitoring, fuel & chemical injection and various other applications. Adoption of level sensors in waste and wastewater treatment applications is also likely to continue unabated, driven by the need of continuous monitoring of wastewater level in sewage treatment plants.

The report highlights some of the prominent market players, who have established themselves as leaders in the level sensor market. These leading players, with their ‘industry-best’ product portfolios, continue to set their course toward profitable growth through bespoke innovations and launch of new product models.

For instance, in 2017, Vega Grieshaber KG announced the launch of a new process sensor ‘PLICSCOM’ operating wireless. In 2016, Endress+Hauser AG announced the official launch of ‘tank gauging’ platform, a holistic monitoring & inventory control system for tank farms as well as terminals in the oil and gas, chemicals, and refining application units for bulk storage and transport of liquids & solids.

Mergers and acquisitions will also continue to hold a significant spot in the manufacturers’ agenda, given that these strategic alliances offer immense scope for growth via combined expertise and shared resource pools. For instance, in 2022, Rochester Gauges, LLC announced its official acquisition of FPI Sensors, which would further expand the market share of Rochester in the liquid level sensor space.

As the acquisition by Rochester continues to grow on its own legacy of offering high-quality products and industry-best customer service, Rochester would get greater access to a pool of untapped opportunities and reap benefits from them.

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Competitive Landscape

The global level sensor industry serves a highly fragmented competition landscape. The market is witnessing a trend of acquisition of small sensor technology vendors by the major players, along with the intense competition due to the demand for highly efficient products among the players. Product developments continue to be the key focal point of manufacturers in line with their key strategy to boost their market share holdings.

• ABB
• WIKA Group
• Emerson Electric
• Endress+Hauser AG
• Anderson-Negele
• SICK AG
• Aplus Finetek Sensor, Inc.

Level Sensor Market Survey By Category

By Technology:

• Ultrasonic
• Capacitance
• Conductive
• Pneumatic
• Vibratory Probe
• Optical
• Microwave/Radar
• Magnetostrictive
• Hydrostatic
• Magnetic and Mechanical probe

By Application Media:

• Solid
• Liquid

By Monitoring Type:

• Point Level
• Continuous Level

By Device Type:

• Contact Type
• Non-contact Type

By Industry:

• Chemicals & Petrochemicals
• Pharmaceutical
• Energy & Power
• Oil & Gas
• Waste & Wastewater Treatment
• Food & Beverages
• Others

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About Future Market Insights (FMI)
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years

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According to the FMI’s report, the Dehumidifiers market is projected to record a CAGR of xx% over the forecast period. To receive the detailed insights about the Dehumidifiers market, our experts relies on the primary and secondary research, and various wide range of data set gathered from organic and inorganic sources to provide estimates for the upcoming decade.

Future Market Insights upcoming report on global Dehumidifiers market uncovers hidden opportunities and potential threats. The report gives an incisive coverage on the Dehumidifiers market through a detailed segmentation on its key growth drivers, opportunities, restraints and challenges expected to prevail the market in the upcoming years. According to FMI, the industrial automation industry is expected to have a positive outlook through 2022 and beyond.

Increasing usage of machines and demand for high quality products in various industries coupled with installation of smart devices in the machinery are some of the factors propelling the growth of Dehumidifiers market in industrial automation industry. Industries are implementing the automation to increase the productivity and reduce labor costs. FMI provides detailed insights about the industry for the market players to craft their long-term strategies to maintain the competitive edge in the industry.

Understanding the Impact of Covid-19 on Industrial Automation Industry

The COVID-19 outbreak has been posing staggering challenges for the industry. Like other industries, the industrial automation industry has been particularly affected due to the lack of equipment and availability of the products. Furthermore, dearth of labor, factory closures, and supply restrictions induced by the pandemic crisis resulted in slight setback in 2022.

Lack of human assistance and key player’s hesitation in investing for high-end machineries during the pandemic has negatively impacted the industrial automation industry in 2022. However, with relaxation in lockdown, the Dehumidifiers market has picked up the pace.

The FMI’s recent report talks about the market scenario in the chapter on the Covid-19 impact analysis to aid the market players for the upcoming years. The report gives a detailed market analysis surrounding the market condition and its impact on the Dehumidifiers market.

Key Questions Answered in the Report

1. What are the key trends and challenges that will affect global Dehumidifiers market in upcoming years?
2. What are the factors that will influence the Dehumidifiers market demand?
3. Which region will be the most lucrative for Dehumidifiers market throughout the forecast period?
4. How will evolving regulatory policies impact the market growth?
5. What is the impact of Covid-19 on the Dehumidifiers market?

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Dehumidifiers Market: Segmentation

By Region

• North America
• Latin America
• Western Europe
• Eastern Europe
• APEJ
• Japan
• Middle East and Africa

Detailed analysis on the geographical region and country wise insights are offered in the latest Dehumidifiers market report with established market players as well as incumbents in the region.

Comprehensive analysis of the regional markets offers exclusive insights on the market performance across geographies along with relevant graphs, figures, and list of tables.

Competitive Analysis

By Prominent Market Players

• Electrolux (Frigidaire) and General Filters, Inc.
• Whirlpool Corporation
• LG Electronics Inc.
• Haier Group
• Honeywell International, Inc.
• Sunpentown International, Inc
• Therma-Stor LLC
• De’Longhi Appliances S.r.I.

With a detailed segmentation on segments and sub-segments, the FMI’s study offers the strengths, weaknesses, growth prospects and opportunities of each player. The report also includes important market study including the historical revenue prospects, pricing strategy, and marketing strategy adopted by these players in the Dehumidifiers market.

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The first commercially successful micro inverter was launched by Enphase in 2008, which played a key role in popularising solar micro inverters globally. Currently, the global market comprises numerous domestic as well as international players supplying quality micro inverters.

Modularity, safety, and maximum energy harvest will continue to drive the market at a considerable pace through 2020. Till recent years, the demand for micro inverters was highly restricted to North America. However, the market is gradually shifting toward commercial applications, and witnessing expansion in most of the developed as well as developing regions outside the U.S.

Adoption of solar micro inverters has gained momentum in the recent past, resulting in a growing market in developing nations, including Asia Pacific. Improved device features and enhanced efficiency are currently pushing the market in APAC, which is projected to continue in the near future as well, creating a lucrative market for micro inverters on a global level.

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APAC Solar Micro Inverters Market: Key Drivers

Declining Prices to Push Demand

The market is currently growing at a considerable pace. Persistent advances in R&D of solar micro inverters and substantial reduction in costs of micro inverters are estimated to boost the market during the forecast period.

Size and Modularity to Impact Maximum Applications

Compact size and high modularity of solar micro inverters make them ideal for residential applications. These two are the key drivers why micro inverters are currently gaining an impetus at a global level.

Superiority over Conventional Inverters is a Key Driver

Solar micro inverters are superior over conventional centralised or string inverters in various ways.

• Unlike string inverters, micro inverters are tolerant to shade and do not let the power generation performance of individual solar panels drop, even if the area surrounding them is shady. This character is identified as one of the key factors positively influencing the demand for micro inverters when it comes to their efficiency.
• Contrary to centralised inverters, solar micro inverters are compact in size and do not need separate air cooling, resulting in lesser heat loss. This is another factor fuelling the demand for micro inverters in the market.
• Moreover, a broken string or centralised inverter faces halted performance merely due to a defect in one panel, whereas a defective panel in a micro inverter does not degrade the performance of the entire system because the system architecture allows individual panel monitoring. The maximum power is generated through MPPT. This has been an important driver in popularising micro inverters over the years.

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Higher Costs Can Create Challenges

However, relatively higher initial costs associated with installation and replacement of micro inverts may continue to create a major roadblock for solar micro inverters from becoming a widely commonplace device across Asia Pacific. Furthermore, installation of micro inverters requires the installation of another extra monitoring device – a communication bus, in addition to the basic common monitoring system. This in turn adds up to the final costs.

APAC Solar Micro Inverters Market Segmentation

FMI’s research offers a six-year forecast, segmenting the APAC market for solar micro inverters based on the type, consumer, and application.

Based on the type, the market is segmented into standalone solar micro inverter market and grid tied solar micro inverter market. On the basis of consumers, the solar micro inverter market in Asia Pacific is segmented as urban and rural. The urban segment dominates the market owing to rising awareness about alternate energy usage and growing population density in urban areas.

According to the application, the solar micro inverters market in APAC is segmented as residential and commercial. As micro inverters are economically lesser affordable compared to other traditional inverters, their residential applications find a lower market share in economically sensitive regions in Asia Pacific. However, the commercial solar micro inverter market application currently dominates the market.

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Market to Explore Untapped Growth Opportunities in APAC

Although the U.S. is a leading market for solar micro inverters, adoption of solar micro inverters is expected to gain traction in Asia Pacific, especially in India, Japan, and Australia. Soaring fuel prices, burgeoning demand for power supply, and favourable government policies are currently driving the market in APAC.

Regional Analysis: APAC Solar Micro Inverters Market

India, owing to the availability of ample renewable energy sources, captures a prominent position in the APAC market for micro inverters. Growing awareness about benefits of micro inverters and widespread adoption of renewable energy sources for agriculture are expected to fuel the demand for solar micro inverters across India. The Union Budget of India for 2014-15 has clearly indicated emphasis on using solar for electricity generation. This is a key factor, anticipated to provide momentum to the market for micro inverters in and post-2016.

Japan, despite representing a key residential market potential, has been facing limited micro inverter shipments. Stringent certification norms are anticipated to govern the Japanese market but domestic suppliers are expected to encounter growing opportunities.

Australia is a relatively emerging market for photovoltaics, which makes it an unestablished market for string and centralised inverters. The Australian market, since the past few years, has been reflecting growing demand for micro inverters and FMI’s research indicates string growth prospects for micro inverter suppliers. Recently, Enphase announced to commercially launch their AC battery first in Australia, later this year. ARENA Australia, through ample of renewable energy funds, will continue to provide an additional thrust to the market.

In addition, there are other expanding market, including Malaysia, Indonesia, and Philippines. Malaysia hosts several off-grid projects, whereas Indonesia is up for a thousand islands project. Philippines is also continually initiating multiple rural electrification projects. Utility companies located in all the three countries are currently prioritising rural electrification.

Key Players in APAC Solar Micro Inverters Market

Key participants in the Asia Pacific market for solar micro inverters, include  Enphase Energy, Solar Bridge Technologies, SolarEdge, Green Ray Solar, and Enecsys.

The research report presents a comprehensive assessment of the solar micro inverter market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, types, technology and applications.

The report covers exhaustive analysis on:

• Market Segments
• Market Dynamics
• Market Size
• Supply & Demand
• Current Trends/Issues/Challenges
• Competition & Companies involved
• Technology
• Value Chain

Regional analysis includes:

• China
• India
• Japan
• ASEAN
• Rest of Asia Pacific

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts, and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macroeconomic indicators and governing factors, along with market attractiveness within the segments. The report also maps the qualitative impact of various market factors on market segments and various geographies.

Asia Pacific Solar Micro Inverters Market

Report Highlights:

• Detailed overview of parent market
• Changing market dynamics in the industry
• In-depth market segmentation
• Historical, current and projected market size in terms of volume and value
• Recent industry trends and developments
• Competitive landscape
• Strategies of key players and products offered
• Potential and niche segments, geographical regions exhibiting promising growth
• A neutral perspective on market performance
• Must-have information for market players to sustain and enhance their market footprint

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Surging demand across telecommunication sector in Taiwan, Indonesia, Brazil, India and China is likely to drive BRICS aerial work platforms market during the forecast period. Boom lifts are expected to gain significant traction in BRICS aerial work platforms market on account of increasing use in the intricate architectural settings with limited access. Additionally, boom lifts offer various benefits that includes compact design, standard oscillating axle, tight turning radius, mobility and more platform height.

Haulotte Company in BRICS aerial work platforms market was recently helped IGA (Istanbul Grand Airport) in onsite building world’s largest airport mega-project in Turkey. For the same, the leading company is planning to utilize over 300 Haulotte aerial work platforms, which further drives the growth of BRICS aerial work platforms market.

Key players in BRICS aerial work platforms market are further planning to focus on developing boom-supported and low-weight elevating aerial work platforms for catering to the end-user demands effectively. These manufacturers in BRICS aerial work platforms market are also planning to work on automating the manufacturing processes in a bid to enhance product reliability and quality.

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Large-scale construction projects, increasing installation and maintenance activities of street lights, power cables and transformers, up-gradation of fire-fighting stations and relatedinfrastructure, and increasing organization of festivals, concerts and corporate events are driving the need for AWPs across geographies. These platforms can be controlled using various methods such as vertical, lateral, rotational, and ground movement. Movement of these platforms is initiated with the help of compressors or hydraulics. The AWP industry can be divided into rental and privately owned segments.

Rental companies account for the largest share of the global AWP market and it predominates theprivately owned sector. The main reasonrental sector dominates the privately owned sectoris due to the safety factor, as rental firms not only provide trained personnel to handle the machinery. AWPs are broadly categorized as boom lifts, scissor lifts and mechanical lifts. Boom lifts are further classified into straight and articulated boom lifts.

Players in the AWP market adopt various strategies to gain market share, enhance sales, promoteproducts in non-rental segments such as military and governmentand expand in the utility business and service industry. Also, finding niche areas in the market that demand specific size and application ofAWPsoffers a window of opportunity to increase market share.

Some players in the market include Caterpillar, MEC Aerial Work Platforms, Terex, JLG Lift and Access Equipment, Snorkel Lifts, Tadano, Haulotte and others.

Safety measures for AWPs is a major issue for which construction developers need to follow standards and norms as specified by concern specified by the Occupational Safety and Health Administration (OSHA). AWPs are crucial equipment for construction and building maintenance. Increased scale with regard to construction projects and decline in availability of labour force is anticipated to favour growth in the construction equipment industry and hence, the AWPmarketin the near future.

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This research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically-supported and industry-validated market data.It also contains projections usinga suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, types, technology and applications. The report covers exhaustive analysis on:

• Market Segments
• Market Dynamics
• Market Size
• Supply & Demand
• Current Trends/Issues/Challenges
• Competition & Companies involved
• Technology
• Value Chain

Regional analysis includes

• Brazil
• Russia
• India
• China
• South Africa

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors, along with market attractiveness within the segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

Brics Aerial Work Platforms Market

Report Highlights:

• Detailed overview of parent market
• Changing market dynamics in the industry
• In-depth market segmentation
• Historical, current and projected market size in terms of volume and value
• Recent industry trends and developments
• Competitive landscape
• Strategies of key players and products offered
• Potential and niche segments, geographical regions exhibiting promising growth
• A neutral perspective on market performance
• Must-have information for market players to sustain and enhance their market footprint

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According to a research study, the Rotary Limit Switches market is set to witness a steady and a healthy growth during 2021 – 2031 with a CAGR of 5% to 6%. An increase in demand from heavy duty lifting applications from the construction, automation and other industrial purposes is expected to contribute towards the growth of the market.

Rotary limit switches serve a critical purpose in heavy duty lifting applications. They also enable the easy movement of industrial machinery. Its automatic operation help in reducing labor costs and increasing operational efficiency at the site of operations which are major factors driving the growth for the market.

Moreover, a rising demand from the construction and heavy machinery industry is expected to create opportunities for the market. With industrial automation transcending across all manufacturing verticals to a profound extent at present and also in upcoming years. Rotary limit switches will emerge as a key ingredient to the hardware of the control system thus benefiting the market participants to incur healthy sales rate.

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Growing Demand from Construction and Automation Industry to Boost the Sales of Rotary Limit Switches

Rotary Limit Switches are used particularly in the construction and industrial lifting plants to control gantry cranes, jib cranes, track cranes, wall – mounted jib cranes and in winches for construction sites.

The product is used to command and control systems to manage various processes and machines, thereby reducing the chance for human intervention and the equipment needed to move stage sets or curtains.

It is used on wind turbines to manage and control the pitch angle of the blades and the position of the yaw control.

How is Asia Pacific an Attractive Region for The Growth of the Rotary Limit Switches Market

India and China are expected to register a higher growth of the market due to the high growth of urbanization and rapid industrialization. The region can attribute to a strong growth due to rising construction activities emerging economies. A shift in trend towards automation in the construction would increase sales of rotary limit switches in the region.

U.S.A. – A lucrative Country for higher Sales

The construction industry is a major contributor to the U.S. economy. Demand for construction services has bolstered in the country due to favorable macroeconomic conditions, increasing disposable income, increased access to credit and relatively low interest rates.

The construction sectors growth in the US is driven by improvements in the nonresidential construction, with infrastructure and commercial construction subsectors propelling overall sector expansion.

Key Players:

Some of the leading manufacturers and suppliers of Rotary Limit Switches include

• NOOK Industries, Inc.
• Hubbell
• Altra Industrial Motion Corp
• Giovenzana International B.V.
• AMETEK Inc
• TER Tecno Elettrica Ravasi srl
• Micronor Inc.
• Omega Controls Private Limited
• Schneider Electric amongst others.

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. T

he report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments.

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Rotary Limit Switches Market Report Highlights:

• Detailed overview of parent market
• Changing market dynamics in the industry
• In-depth market segmentation
• Historical, current and projected market size in terms of volume and value
• Recent industry trends and developments
• Competitive landscape
• Strategies of key players and products offered
• Potential and niche segments, geographical regions exhibiting promising growth
• A neutral perspective on market performance
• Must-have information for market players to sustain and enhance their market footprint

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According to latest research findings, Screw Conveyor market is expected to record 6%-8% CAGR from 2021 to 2031. Demand for the product will witness higher growth recovery in short-term, with optimistic growth outlook in the long-run. The increasing demand from the end use industry across the globe is the primary force to the market growth of screw conveyor. Also, technological advancement in the product by the leading manufacturers will upsurge the demand for screw conveyor and extend its opportunities in near future.

In various industries such as agriculture, food & beverage industry, construction industry the product is widely used in bulk material handling which helps in moving and distribution of the liquid and rough material. The product’s design simplicity and its low maintenance are the major factors that are gaining the attention of many end-users.

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With rising living standards, consumption of cereal, grains, and fruits is also growing which is directly affecting the increasing demand for product mixing machinery in the agricultural industry. This resulted in propelling the sales of the product and which is expected to push the global market over the near future.

Manufacturers are focusing on new product designs and technologically advanced products with exceptional characteristics such as feasible and easy handling which helps to cater to the customer’s requirement and to increase the customer base.

Horizontal Screw Conveyor Holds Major Share of the Market

According to the study, it is estimated that the horizontal installation of screw conveyors holds the major market share. The horizontal type is the most broadly used product type. Horizontal installations are available in different configurations and sizes which are used to convey bulk material from one process to another process.

Agriculture and Food & Beverages Segment to Lead the Market

As the product has exceptional characteristics which include better flexibility, ease of material handling, and energy efficiency which increases its applications in agricultural activities such as harvesting and growing, and processing of agriculture products such as corn, rice, wheat, maize, etc. This flexible characteristic of the screw conveyor is expected to propel the global market over the forecast period.

The increasing population in China and India is leading to increasing demand for food and beverages which is fueling the screw conveyor demand over the forecast period. Screw conveyors provide the advantage of minimizing the waste during the material handling and while mixing the raw materials and conveying that material to another process in the manufacturing industry.

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Key Players:

Some of the leading manufacturers and suppliers of the product include

• Vac-U-Max, Inc.
• Continental AG
• FMC Technologies
• Anders Pedersen
• Industrial Screw Conveyors, Inc
• Maskin- & Specialfabrik
• WAMGROUP
• Shanghai Zenith Company
• Conveyor Engineering and Manufacturing
• DEMECH India
• SPIRAC Engineering
• KWS Manufacturing Company Ltd.
• Martin Sprocket & Gear, Inc.
• PST AB
• Thomas and Muller Systems
• FMC Technologies
• Flexicon Corporation
• Cyclonaire.

Manufacturers are upgrading the technology of the product with outstanding features which include informal handling, energy efficiency, and better traceability.

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