Global Level Transmitter Market is expected to reach a value of USD 4,166.7 Million by 2025 at a CAGR of 4.98% during the forecast period. Market Research Future (MRFR) in its report, envelops segmentations and drivers to provide a better glimpse of the market in the coming years. Level transmitters operate as contact type and non-contact type. Contact type level transmitters are widely used. Level transmitters have major applications in oil & gas, energy, and power, chemicals and petrochemicals among others. The increasing adoption of industrial automation across several industry verticals drives the growth of the market. Also, rising investments in the development of new technologies by the government authorities as well as private organizations & manufacturers for work process monitoring systems is contributing to the growth of the level transmitter market.
The Key Players of Global Level Transmitter Market are Vega Grieshaber Kg (Germany), WIKA Alexander Wiegand Se & Co. KG (Germany), Magnetrol International, Inc.(US), Dwyer Instruments, Inc. (US), Krohne Ltd (Germany), Baker Hughes (US), ABB Group (Switzerland), Emerson Electric Co. (US), Siemens Ag (Germany), Honeywell International, Inc. (US), Schneider Electric Se (France), Yokogawa Electric Corporation (Japan), Ametek, Inc. (US), Endress+Hauser Management Ag (Switzerland), and Fuji Electric Co (Japan) among others.
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The Global Level Transmitter Market has been segmented based on Product, Type, End-User, and Region.
Based on Type, the market has been classified into contact and non-contact. The contact type segment accounted for the larger market share in 2018, with the highest market value. Contact level transmitters are in direct contact with the measuring fluid with the help of probes. These devices use conductive level switches, float switches, vibrating forks, and others for measuring liquid level. The non-contact type of level transmitter is a premium level measurement device which is expensive but offers accurate and reliable data readings.
Based on End-User, the market has been classified into oil & gas, chemicals, power generation, and others. The oil & gas segment accounted for the larger market share in 2018, with the highest market value. Power generation is expected to grow at the highest CAGR during the forecast period. The rising technological advancements and increasing demand for reliable and accurate measuring instruments from the offshore production facilities are increasing the demand for level transmitters in the oil & gas industry. The chemical industries are using the latest technologies for increasing the production of high-quality chemicals. The chemical industry is gaining popularity due to the increasing demand from the consumer, manufacturing, beverages, and pharmaceutical companies. The power generation sector produces a large amount of energy for various end users such as commercial, residential, and industrial.
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