The level transmitter market was valued at USD 2.61 Billion in 2018 and is expected to reach USD 3.60 Billion by 2026 growing at a Compound annual growth rate (CAGR) of 4.10% from 2019 to 2026. The rising demand for reliable level measurement technology towards maintaining inventory, fluid flow and little requirement for maintenance are expected to drive the global level transmitter market during the forecast period. Furthermore, increasing investment towards adopting automations coupled with approach towards minimizing resource loss during production and distribution process across manufacturing, pharmaceuticals and food & beverages industries are further estimated to create new necessities and augment the market of growth over the forecast period of 2019 – 2026.
The level transmitter market has been segmented based on technology which is further divided into technology: radiometric, capacitance, ultrasonic, radiometric, differential pressure and radar. Based on end-use industry, the level transmitter market has been segmented as metals & mining, chemical, oil & gas, water & wastewater management and others. The rising scarcity of oil and natural gas is driving the oil & gas producers to take necessary steps to eliminate abnormal loss of petroleum and gaseous substances. Therefore, to maintain the quantity and quality of petrochemicals coupled with implementation of cost effective and high-performance measurement of point level and continuous level, oil and gas producers are expected to have high demand for level transmitter during the forecast period owing to which the oil & gas segment is expected to propel at the fastest rate.
The global Level Transmitter market has been geographically segmented into Asia-Pacific, Europe, North America, Latin America, the Middle East and Africa region. In addition to this, North America region holds the largest market share. The reason may be attributed to the high production of oil and gas over the years. In addition, huge government investment towards maintaining advanced water and waste water treatment management has further impacted the North America level transmitter market. However, Asia-Pacific region is expected to witness the fastest growth rate owing to the increasing investment towards adopting automation across government sectors coupled with the rising demand and producers of food & beverages in developing countries such as China, Japan, Indonesia, India and others.
Some of the key players in the global Level Transmitter market include ABB, Ametek, Emerson Electric, Endress+Hauser, Honeywell, Magnetrol International, Monitor Technologies LLC, Schneider Electric, Siemens and Yokogawa Electric.
· Differential Pressure
· Metals & Mining
· Oil & Gas
· Water & Wastewater Management
· North America
o Rest of Europe
· Asia Pacific
o Rest of Asia Pacific
· Middle East and Africa
o South Africa
o Rest of Middle East and Africa
· Latin America
o Rest of Latin America