Level Sensor Market to Grow 7.8% by 2018June 18, 2013
Research and Markets’ global level sensors market report predicts strong growth among noncontact level sensing technologies and a rise in adoption of water treatment technologies in developing nations.
DUBLIN /BUSINESS WIRE/ -- Research and Markets has announced the addition of the "Level Sensors Market: Global Forecast & Analysis - Focus on Technologies [Contact Type (Magnetostrictive, Vibratory probe, Hydrostatic, Magnetic float) & Non-contact Type (Ultrasonic, Radar, Optical, Laser)], Applications and Geography (2013-2018)" report to its offering.
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 a contact-type of measurement to a noncontact type of measurement over the past five years. Though the current market is dominated by contact level sensors, such as magnetic float sensor and vibratory probe level sensor, we predict strong growth in noncontact level sensing technologies, such as 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 beverages, pharmaceuticals, oil and gas, petrochemicals, and several other application fields.
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 U.S., UK, and Germany, industrial and municipal wastewater treatment is considered as 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 forecasted period, thus making it a good market for level sensor.
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. North America leads the overall global level sensors market, with U.S. contributing for the largest percentage share in 2012. Europe, APAC, and Rest of the world (ROW) follow it.
For more information on the report, visit the company's Web site.
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