The level transmitter market is projected to be valued at US$ 3.4 billion in 2023 and is expected to rise to US$ 4.7 billion by 2033. The sales of the level transmitters are expected to register a significant CAGR of 3.1% during the forecast period.
The level transmitter market is a significant segment within the industrial instrumentation and automation industry. Level transmitters are devices used to measure and transmit information about the level of various substances, such as liquids, solids, and granular materials, in tanks, vessels, and other containers. They play a crucial role in process industries like oil and gas, chemicals, water and wastewater, food and beverages, pharmaceuticals, and more.
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Market Dynamics
Automation and Industry 4.0: With the increasing adoption of automation and Industry 4.0 practices, there is a growing demand for accurate and reliable level measurement solutions. Level transmitters enable real-time monitoring and control, optimizing production processes and reducing human intervention.
Growing Industrial Infrastructure: The expansion of various industries, particularly in emerging economies, has boosted the demand for level transmitters to efficiently manage larger and more complex operations.
Increased Focus on Efficiency and Resource Management: Industries are becoming more conscious of resource management, including efficient use of materials and energy. Level transmitters help optimize processes, leading to cost savings and reduced waste.
Remote Monitoring and Control: Remote monitoring capabilities provided by level transmitters allow operators to access real-time data from remote locations, enhancing operational flexibility and decision-making.
Water and Wastewater Management: The rising need for effective water and wastewater management has increased the adoption of level transmitters in water treatment plants and storage facilities.
Capacitive level transmitters have seen a significant growth rate of 3.0% due to their reliable performance and versatility. They offer high accuracy in measuring liquid and solid levels, making them suitable for critical applications.
The contact technology segment is projected to grow over 2.9% during the analysis period. Contact type level transmitters, which rely on physical contact with the measured substance, are preferred for their established technology, cost-effectiveness, and compatibility with existing systems.
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The level transmitter market in the United States is expected to grow steadily at 3.0%. The forecasted market size of US$ 819.8 million reflects increasing demand in industries such as oil and gas, chemicals, water and wastewater treatment, and pharmaceuticals.
The United Kingdom-level transmitter market is anticipated to reach US$ 174 million by 2033, with a moderate growth scenario. Factors contributing to this growth include increasing industrial automation and demand for accurate level measurement in industries like oil and gas, chemicals, and water treatment.
China is set to be one of the lucrative markets for level transmitters, with a projected CAGR of 3.0% and reaching a market valuation of US$ 1.1 billion. The expanding industrial sectors, infrastructure development, and commitment to environmental sustainability and safety regulations are driving the demand for level measurement solutions in China.
Recent Development
KROHNE, Inc. announced the addition of three 24 GHz and three 80 GHz OPTIWAVE radar level transmitters to its product portfolio in February 2022. OPTIWAVE radar level transmitters are 2-wire loop-powered FMCW radar level transmitters.
AMETEK Drexelbrook extended its guided wave radar level measuring offering in December 2020 by launching a larger coaxial sensor for The Impulse GWR. The improved 1.66″ diameter probe provides consistent accuracy in high viscosity liquids. When utilized with viscous fluids, the new coaxial sensor option for The Impulse GWR lets the substance readily flow off the probe.
Key Segments Covered in the Market Report
By Technology:
- Capacitive
- Ultrasonic
- Radar
- Differential Pressure / Hydrostatic
- Magnetostrictive
- Radiometric
- Others
By Type:
- Contact
- Non-Contact
By End Use:
- Chemicals
- Metals & Mining
- Food & Beverage
- Oil & Gas
- Water & Wastewater
- Power
- Pharmaceuticals
- Others
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- Asia Pacific excluding Japan (APEJ)
- Japan
- The Middle East & Africa (MEA)
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Author:
Sudip Saha is the managing director and co-founder at Future Market Insights, an award-winning market research and consulting firm. Sudip is committed to shaping the market research industry with credible solutions and constantly makes a buzz in the media with his thought leadership. His vast experience in market research and project management a consumer electronics will likely remain the leading end-use sector cross verticals in APAC, EMEA, and the Americas reflects his growth-oriented approach to clients.
He is a strong believer and proponent of innovation-based solutions, emphasizing customized solutions to meet one client’s requirements at a time. His foresightedness and visionary approach recently got him recognized as the ‘Global Icon in Business Consulting’ at the ET Inspiring Leaders Awards 2022.
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