Level Sensors Market Expected to GrowJanuary 17, 2013
MarketsandMarkets research predicts the total market will reach $4,084 million by 2018, at a CAGR of 7.8% from 2013 to 2018.
DALLAS /PRNewswire/ -- According to a new market research report "Level Sensors Market : Global Forecast & Analysis—Focus on Technologies [Contact Type (Magnetostrictive, Vibratory probe, Hydrostatic, Magnetic float) and Non Contact Type (Ultrasonic, Radar, Optical, Laser)], Applications and Geography (2013-2018)," published by MarketsandMarkets, the total level sensor market is expected to reach $4,084 million by 2018, at a CAGR of 7.8% from 2013 to 2018. 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% from 2013 to 2018.
Browse 150 tables and 54 figures spread through 330 pages, combined with an in-depth TOC on "Level Sensors Market: Global Forecast & Analysis—Focus on Technologies [Contact Type (Magnetostrictive, Vibratory probe, Hydrostatic, Magnetic float) and Non Contact Type (Ultrasonic, Radar, Optical, Laser)], Applications and Geography (2013-2018)."
Early Buyers Report Customization This report is aimed at identifying the entire market of level sensors for various applications and all its sub-segments through extensively detailed classifications in terms of both revenue and shipments. The report is focused on giving a bird's-eye view of the complete market with regards to technology, application, and geographical analysis of level sensors.
Technological classification of level sensors can be done in two broad categories: contact and noncontact. Contact level sensors include magnetostrictive, vibratory probe, hydrostatic, magnetic float, pneumatic, and others (which include resistive, rotating paddle, weight, and cable); whereas, noncontact level sensors include ultrasonic, microwave/radar, optical, laser, and others (nuclear and load cells).
The application market of level sensors includes the computing and ICT, consumer, automotive and transportation, industrial, power and manufacturing, military and defense, healthcare, and agricultural sectors; whereas, the geographical analysis includes study of major regions like North America, Europe, APAC, and the rest of the world. It also profiles more than 20 key level sensor manufacturers. The report draws the competitive landscape of the level sensor market, providing an in-depth comparative analysis of the technological and marketing strategies the key players are adopting to gain an edge over the their competitors.
In the modern world, noncontact level sensors are the need of the hour. Also, these sensors have proved themselves as a continuously growing revenue stream due to increased penetration into many applications. Major noncontact level sensing technologies that will contribute more to the global level sensors market are radar and ultrasonic, growing at a CAGR greater than 10%, while contact level sensing technologies like magnetostrictive and vibratory probe technologies will grow at a CAGR of 5.1% and 9.0% from 2013–2018. The largest application segments for level sensors are industrial, power, and manufacturing, contributing nearly 65% to the total market in 2012, and it is expected to maintain its dominance throughout the forecast period. North America is the leading region in the overall level sensors market, with 33% of market share in 2012, followed by Europe and APAC, with 28% and 25% each in 2012. In ROW, Russia and Brazil are the largest contributors, with the total share of 15% occupied in global level sensors market.
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