Level Sensor Market - Moving Away from Unreliable Mechanical Variants

Level Sensor Market Players Vie to Crack the Code of ‘Customer Centricity’

  • 2019-08-27
  • REP-GB-3303
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 Level Sensors Market
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Level Sensor - The Aid to ‘Well Timed’ Level Detection

Detection of levels of free-flowing media, whether solid or liquid, continues to be a core part of operations in an industrial ecosystem. This is where ‘level sensing’ or ‘level detection’ comes into the picture, wherein level sensors play a vital part. Level sensor has been in continuous use for more than two decades in multiple applications like food & beverage, oil & gas, water and wastewater treatment, pharmaceutical, and others for effective leak recognition or faultless analysis of level capacity.

In earlier times, liquids for industrial applications used to be enormously challenging to deal with, however, technological advances in the form of level sensors have opened up gates of new possibilities. Growing focus on industrial process control, wherein control and monitoring of machinery and processes is the key focus, is playing an instrumental role in promoting the use of level sensor Level detection devices will continue to see significant demand in coming future for boosting inventory control and improving workplace safety, which is further estimated to drive revenue growth of level sensor market in the next 10 years.

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Level Sensor Market - Key Research Findings

level sensor market snapshot
  1. The level sensor market size in 2018 was approximately ~US $ 3.3 Bn 
  2. The level sensor market will be increasing at a CAGR of ~6% during the period of forecast (2019-2029). 
  3. The increasing demand for liquid level measurement for chemical and petrochemical industries has been recently driving the growth of the Level Sensor market. 
  4. Collectively, Western Europe and Asia Pacific Excluding Japan regions are likely to account for majority of revenue shares in the Level Sensor market by 2029. 
    • Asia Pacific Excluding Japan, due to the strong presence of the Level Sensor market, is expected to continue to be a prominent regional market. 
  5. Growing industrial wireless technology helps to implement various features in level sensors for wastewater treatment and water tank application. 
    • The waste & wastewater treatment industry has witnessed significant growth
    • Noteworthy application potential of Level Sensor has been identified

Key Factors Shaping the Level Sensor Market

The Level Sensor market is being driven by the demand for level measurement of liquids in machine building and control and monitoring tasks for compressors, hydraulics power packs and cooling systems. These are also used to detect the level of water in cooling circuits for nuclear power plants. The need for accurate level sensors and high precision, in industrial as well as commercial applications, is a significant factor driving the growth of the global level sensors market.

Liquid level sensors based on ultrasonic measurement technology, is used for process control in chemical, petrochemical, environmental, and other related industries. Usage of liquid level sensors to control liquid level measurement problems in diesel fuel gauging and liquid assets inventory applications is driving the growth of the Level Sensor market.

On the other hand, the growing trend of Internet of Things (IoT) technology is expected to affect the growth of the Level Sensor market in positively. Internet of Things (IoT) fill level sensors are available in completely wireless and zero maintenance versions with a non-corrosive protective shell for level measurement. In addition, Internet of Things (IoT) software for water level is used to monitor the water level of any reservoir. Rising demand of level sensor for solid level measurement for fine powders such as powdered milk, coffee powder, chocolate, and colcothar in pressure tanks is propelling the demand for level sensors.

Technological Advancements create new growth opportunities for Level Sensor market. Continuous developments and implementation of new technologies such as laser and ultrasonic technologies in level sensor devices are creating opportunities for growth for the level sensor market. Advantages and benefits such as high sensitivity, low cost, and high precision in electromagnetic immunity as well as the ability to integrate with various electronic devices are the primary factors resulting in an increasing number of level sensor manufacturers adopting ultrasonic technologies in new and innovative products.        

Increasing investments by organizations in the research and development of nano-technology applications are creating new growth opportunities for the level sensors market. Nano-technology helps to monitor fluid level measurement in process industries. The advancement of nano-technology in level sensors has transformed into digital sensors for the reduction of cost, dimension, and shape of level sensors.

Increasing investment on research activities and government initiatives to implement optical fiber technology in level sensing applications ensure promising growth opportunities for the level sensor market. Advantages and benefits of optical liquid level sensor include the ability to detect the precise level measurement under variable conditions and corrosion resistance of chemical reagents. Also, the increasing demand for more technologically advanced optical level sensors across all sectors is expected to accelerate the growth of the optical fiber market in emerging economies, which is expected to increase the demand for level sensors.

level sensor market

Level Sensor Market Structure Analysis

  • The global Level Sensor market represents a fairly consolidated competition landscape, where majority of the key players maintain their strategic focus on the development of solid distribution partnerships and joint ventures, thus targeting a firmer global footprint.
  • The Level Sensor market has been relatively moderate in size, which remains a key factor for its dynamic competitive nature.
  • Leading manufacturers of Level Sensor are currently prioritizing R&D and new product developments to capitalize on the booming demand for ultrasonic level sensor and laser level sensor in Western Europe, and North America.
  • Portfolio extension is also identified as one of the key developmental strategies adopted by manufacturers.
  • For a stronger foothold in target markets, level sensor manufacturers will continue to rely on strategies such as mergers and acquisitions as well as partnerships.
  • Deeper understanding of the market trends and preferential shift of industry segments across various regions are likely to create a bottleneck for prominent players that are seeking to explore the untapped opportunities in the Level Sensor market.

Level Detection of Granular Materials - A Promising Use Case

Granular storage silos occupy a significant place across multiple industrial ecosystems such as food & beverages, agriculture, chemicals & petrochemicals, and others. The height of granular storage silos, when combined with the dusty environment inside the silos, makes it impossible for mechanical level detection devices to function effectively. This is where the level sensor technology comes into play, bringing an array of new opportunities for the market players to gain maximum ROI.

In response to the growing demand for level detection of granular materials, key vendors operating in the level sensor market are shifting their strategic focus toward launch of new products into their existing portfolios. For instance, Aplus Finetek Sensor, Inc. officially announced the launch of its exclusive ‘SC35 series vibrating fork point level sensor’ for faultless detection of presence and absence of bulk solid materials over a wide range of material densities. Furthermore, manufacturers are also endeavoring the launch of new features into these new rolled-out sensors, some of them being robust shock resistance, adjustable sensitivity, fail-safe functionality, and long service life, which would further make their products ‘well-positioned’ in the end markets. 

Europe - The Hotbed of Opportunities for Level Sensor

Key players in the level sensors market are tracking down new opportunities in the Western European countries, particularly in Germany, UK, and France. One of the key factors that pins the lucrativeness of this regional market is large-scale presence of manufacturing companies, some of them being ABB, Siemens AG, and others. In addition, high-scale proliferation of new technologies for industrial operations in the Western European economies is unfolding into multiple fronts, thereby adding new certainties to the near-term outlook of this regional market.

* This data is only a representation. Actual data may vary and will be available in report.

Europe - The Hotbed of Opportunities for Level Sensor
Europe - The Hotbed of Opportunities for Level Sensor
Europe - The Hotbed of Opportunities for Level Sensor
Europe - The Hotbed of Opportunities for Level Sensor
  • 2014
  • 2019
  • 2023
  • 2029
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Manufacturers Adopt a ‘Customer-Centric’ Approach to Win

End user considerations with respect to features of level sensors will be dependent on the target application and associated specifications. Some of the vital features that would hardly come off the list of end-user priorities include mounting options, chemical compatibility, operational range, and temperature range. These features will play a key role in determining if a level sensor type would fit the target application needs, thereby shaping the customer decision-making. In addition, certification as well as approvals, such as 3A for food & beverage applications, would also be a key aspect dictating end-user decisions.

Some other important considerations would include versatility, accuracy and repeatability, which would ensure optimal performance of the level sensors amid harsh environments. Manufacturers, in order to reciprocate to the same, are paying special attention to incorporation of advanced features in their products to win over consumers and grow their revenue footprint.

Ultrasonic remains the sought-after technology

Microwave/radar to see exponential demand

 

Application in liquid remains high

Application in solid remains slow

 

Point level in high demand

Adoption of continuous level slow

 

Contact to see significant sales

Adoption of non-contact sees high growth

 

How Growth will Unfold

Manufacturers of level sensors are vying to offer a wide range of level sensors best-suited to requirements from process engineering, protection, and storage. Product developments continue to be the key focal point of manufacturers in line with their key strategy to boost their market share holdings. For instance, in 2017, Vega Grieshaber KG – a key player in the level sensor market - launched a process sensor named ‘PLICSCOM’ with wireless operations. The sensor operates via an in-built Bluetooth functionality that simplifies the diagnostics and facilities operations.

 Level Sensors Market

* This data is only a representation. Actual data may vary and will be available in report.

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Overview

Level Sensor Market Analysis 2029

A recent market study published by FMI “Level Sensor Market: Global Industry Analysis 2014-2018 & Forecast 2019-2029” offers a comprehensive assessment of the most important market dynamics. After conducting thorough research on the historic as well as current growth parameters of the level sensor market, the growth prospects of the market have been obtained with maximum precision.

Level Sensors Market Taxonomy

The global level sensor market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to the reader.

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 Industry Vertical 

  • Consumer Electronics
  • Automotive
  • Aerospace & Defense
  • Sports & Entertainment
  • Healthcare
  • Others

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
  • Eastern Europe
  • Western Europe
  • Asia Pacific Excluding Japan
  • Japan
  • Middle East and Africa

What's Included

The report commences with the executive summary of the level sensor market, which includes a summary of the key findings and key statistics of the market. It also includes the market value (USD Mn) estimates of the leading segments of the level sensor market.

Readers can find the detailed taxonomy and the definition of the level sensor market in this chapter, which will help them understand the basic information about the level sensor market. This section also highlights the key inclusions and exclusions, which help the reader understand the scope of the level sensor market report.

The report provides the key trends that are expected to substantially impact the growth of the market during the forecast period. Detailed industry trends are provided in this section, along with key market developments or product innovations, key competition mapping, and veterinary health market outlook, which is likely to have a significant impact on the level sensor market.

This section explains the global market value analysis and forecast for the Level Sensor market between the forecast periods of 2014-2029. This chapter includes a detailed analysis of the historical level sensor market, along with an opportunity analysis of the future. Readers can also find the absolute opportunity for the current year (2018 - 2019), and an incremental opportunity for the forecast period (2019 - 2029).

This chapter explains the key macro-economic factors that are expected to influence the growth of the level sensor market during the forecast period. Along with macroeconomic factors, this section also highlights the opportunity analysis for the level sensor market. This chapter also highlights the key dynamics of the level sensor market, which include the drivers, restraints, and trends. Moreover, it will enable readers to understand the key trends followed by the leading manufacturers in the level sensor market.

With regards to the technology, the global level sensor market has been segmented into ultrasonic, capacitance, conductive, pneumatic, vibratory probe, optical microwave/radar, magnetostrictive, hydrostatic, hydrostatic, magnetic and mechanical probe, guided wave, laser, nuclear,  air bubbler and load cell. In this chapter, readers can find information about the key trends and developments in the level sensor market and market attractiveness analysis based on the Output power.

A detailed analysis about the application media in the level sensor market has been explained in this chapter. On the basis of application media, the global level sensor market has been segmented into solid, and liquid. In this chapter, readers can find information about the market attractive analysis based on the application media.

This chapter provides details about the level sensor market on the basis of monitoring type. With respect to the monitoring type, the global level sensor market has been segregated into point level, and continuous level. In this chapter, readers can understand the market attractiveness analysis based on monitoring type

This chapter provides details about the level sensor market on the basis of device type. With respect to the of device type, the global level sensor market has been segregated into contact type, and non-contact type. In this chapter, readers can understand the market attractiveness analysis based on device type.

This chapter provides details about the level sensor market on the basis of industry. With respect to the industry, the global level sensor market has been segregated into chemicals & petrochemicals, pharmaceutical, energy & power, oil & gas, waste & wastewater treatment, food & beverages and others. In this chapter, readers can understand the market attractiveness analysis based on industry. 

This chapter explains how the Level Sensor market will grow across various geographic regions, such as North America, Latin America, Eastern Europe, Western Europe, Asia Pacific Excluding Japan, Japan, and Middle East & Africa (MEA).

This chapter includes a detailed analysis of the growth of the North America level sensor Market, along with a country-wise assessment that includes the U.S. and Canada. Readers can also find the regional trends, regulations, and market growth based on the service, applications, and countries in North America.

Readers can find detailed information about several factors, such as the pricing analysis and the regional trends, which are impacting the growth of the Latin America level sensor market. This chapter also includes the growth prospects of the Level Sensor market in the leading LATAM countries such as Brazil, Mexico, and the Rest of Latin America.

Important growth prospects of the Level Sensor market based on its applications in several countries, such as Russia, Poland, and the Rest of Europe, are included in this chapter.

Germany, Italy, France, U.K., Spain, BENELUX, and Rest of Western Europe are among the leading countries in the Western Europe, which are among the prime subjects of assessment to obtain the growth prospects of the Western Europe level sensor market in this chapter. Readers can find detailed information about the growth parameters of the Western Europe level sensor market during the period 2019-2029.

This chapter highlights the growth of the level sensor market in the APEJ region by focusing on China, India and South Korea, Indonesia, Malaysia. This section also helps readers understand the key factors that are responsible for the growth of the level sensor market in APEJ region.

This chapter provides information about how the level sensor market will grow in the major countries in the MEA region, such as GCC Countries, South Africa, Northern Africa, and the rest of MEA, during the forecast period 2019 - 2029.

In this chapter, readers can find detailed information about the tier analysis and market concentration of the key players in the level sensor market, along with their market presence analysis by region and product portfolio.

In this chapter, readers can find a comprehensive list of all the leading stakeholders in the level sensor market, along with detailed information about each company, which includes the company overview, revenue shares, strategic overview, and recent company developments. Some of the market players featured in the report are ABB Ltd., Emerson Electric Co., Ltd, Endress+Hauser AG, and Sick AG, Honeywell International Inc. First Sensor AG, Ametek, Inc., among others. 

This chapter helps readers understand the research methodology followed to obtain the various conclusions as well as important qualitative and quantitative information about the level sensor market. 

How the research was conducted?

Primary Research

  • C - Level Executives
  • Marketing Directors
  • Sales Heads
  • Production Managers
  • Distributors Heads
  • Sales Executives
  • Product Manufacturers
  • Distributors
  • Traders 
  • Industry Experts
  • End Users
  • Current Market Dynamics and Challenges
  • Market Characteristics
  • Market Performance and Growth Quadrants
  • Competition Structure and Market Structure
  • Strategic Growth Initiatives
  • Near term and long term market growth prospects
  • Market Segment Splits and Authenticity
  • Opinions on market projections and validity of assumptions

 

Secondary Research

  • Industry Publications
    • IET Journals
    • Industrial Product Review
    • Industrial Automation Magazine
  • Industry Associations
    • Automation Industry Association
    • ISA (International Society of Automation)
  • Company Press Releases
  • Annual Reports and Investor Presentations
  • Research Papers
  • Government Websites and Publications
  • Trade Websites

Primary Interview Splits

Primary Interview Splits level sensor market synopsis 1

Primary Interview Splits level sensor market synopsis 2

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