Market Overview

$3.3 Bn Level Transmitter Market - Forecasts from 2018 to 2023 - ResearchAndMarkets.com

Share:

The "Level
Transmitter Market - Forecasts from 2018 to 2023"
report has
been added to ResearchAndMarkets.com's offering.

The level transmitter market is expected to grow at a CAGR of 4.62% over
the forecast period to grow from US$2.590 billion in 2017 to US$3.397
billion in 2023.

Level transmitter is an instrument that provides continuous level
measurement and is used to determine the level of a given liquid or
bulk-solid at any given time. Factors such as increasing demand for
wireless connectivity in level instrumentation and stringent regulations
regarding water and wastewater treatment processes are driving the
global level transmitter market growth. North America region accounted
for the major share of global level transmitter market in 2017, where
the U.S. has dominated the market on account of the presence of key
market players such as Honeywell International, and General Electric Co.
among others.

The market in this region will witness a significant growth during the
forecast period owing to advancement in level sensing technology,
coupled with mushrooming demand from end-use industry verticals such as
automotive, petrochemicals, and wastewater treatment among others.
Asia-Pacific region is projected to experience the highest growth rate
due to rapid urbanization and industrialization in developing economies
of China and India. Reduction in field engineering and construction
costs incurred, along with rising demand for level sensing in industrial
manufacturing will boost the demand for level transmitters.

Significant investments and new chemical, petrochemical, and refining
industries in Asia Pacific will further boost the demand for level
transmitters, thereby impacting the overall level transmitter market.

Scope of the Report

By Type

  • Ultrasonic
  • Hydrostatic
  • Radar
  • Magnetic
  • Others

By Industrial Vertical

  • Metals & Mining
  • Oil & Gas
  • Petrochemical
  • Others

Companies Mentioned

  • General Electric
  • Siemens AG
  • WIKA Instrument
  • ABB
  • Emerson Electric
  • Fuji Electric
  • Yokogawa Electric Corporation
  • VEGA Grieshaber
  • KROHNE Messtechnik
  • Honeywell International

For more information about this report visit https://www.researchandmarkets.com/research/nxhwx7/3_3_bn_level?w=4

View Comments and Join the Discussion!