The level sensor market is predicted to rise from USD 4.3 billion in 2023 to USD 8.6 billion in 2033. From 2023 to 2033, the global level sensor market is expected to develop at a CAGR of 7%. The level sensor accounted for nearly 2.0% of the global sensor market.
The worldwide level sensor market is expected to be propelled by factors such as increased industrial automation deployment and the incorporation of IoT sensors in measuring level usages. The shrinking size and growing adoption of micro-electromechanical systems (MEMS) technology in the level sensor sector have opened up a new world of possibilities.
The swift deployment of the Industrial Internet of Things (IIoT) across various sectors, dubbed “Industrial Revolution 4.0,” has proven to be a driving force in the level sensor industry.
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The level sensor industry in the United States has grown significantly, owing to growing expenditures in automation and the emphasis on process effectiveness in the pharmaceutical, oil and gas, and food processing industries. Vendors in the region are increasing their level sensor product portfolios to meet rising demand.
Increasing demand in China’s emerging and current manufacturing industries is predicted to drive revenue growth during the period of prediction. Level sensor market expansion is being driven by the necessity to detect both the existence and absence of bulk solid material over a broad spectrum of material densities.
Key Takeaways from the Market Study
- The market has grown at a CAGR of 6% from 2018 to 2022China is expected to experience exponential growth in the worldwide level sensor market, with a CAGR of almost 10.5% from 2023 to 2033.
- In 2023, the North American region accounts for over 88% of the market.
- By technology, the ultrasonic level sensor sector is expected to dominate level sensor demand, with a nearly 17% market share in 2023.
- Between 2023 and 2033, the Indian market is predicted to develop at a 7% CAGR.
Competitive Landscape
The worldwide level sensor industry serves a competitive terrain that is highly fragmented. The market is witnessing a trend of major players acquiring small sensor technology companies, as well as fierce competition due to the players’ quest for more efficient products.
- EVONOMY Group, an international pioneer in technological and commercial solutions for autonomous breakthroughs, connectivity, electricity, and software, and LeddarTech, a global key player in software for incorporating sensors and perception apps, announced that LeddarTech’s scalable LeddarVisionTM solution will be included in the Evonomy Brand’s Ecosystem in August 2023.
- In June 2023, TT HydroMet announced two groundwater and surface water monitoring systems: the OTT PLS 500, a highly advanced pressure level sensor, and a new version of the OTT ecoLog 1000, a one-stop level logger and telematics solution that now adds resistance measuring capacities.
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Key Players
- ABB
- WIKA Group
- Emerson Electric
- Endress+Hauser AG
- Anderson-Negele
- SICK AG
- Aplus Finetek Sensor, Inc.
- Pepperl+Fuchs
- AMETEK, Inc.
- Honeywell International Inc.
- Vega Grieshaber Kg
- FAFNIR GmbH
- Senix Corporation
More Valuable Insights Available
Future Market Insights, in its new offering, presents an unbiased analysis of the global Level Sensor market presenting a historical analysis from 2018 to 2022 and forecast statistics between 2023 and 2033.
The study reveals essential insights by Technology (Ultrasonic, Capacitance, Conductive, Pneumatic, Vibratory Probe, Optical, Microwave/Radar, Magnetostrictive, Hydrostatic, Magnetic and Mechanical probe, Guided wave, Laser, Nuclear, Air bubbler, Load cell), Application Media (Solid, Liquid), Monitoring Type (Point Level, Continuous Level), Device Type (Contact Type, Non-contact Type), Industry (Chemicals & Petrochemicals, Pharmaceutical, Energy & Power, Oil & Gas, Waste & Wastewater Treatment, Food & Beverages, Others), and Region.
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Level Sensor Market Survey By Category
By Technology:
- Ultrasonic
- Capacitance
- Conductive
- Pneumatic
- Vibratory Probe
- Optical
- Microwave/Radar
- Magnetostrictive
- Hydrostatic
- Magnetic and Mechanical probe
- Guided wave
- Laser
- Nuclear
- Air bubbler
- Load cell
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
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- South Asia & Pacific
- East Asia
- Middle East & Africa
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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