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Level Transmitter Global Market Report 2023

Level Transmitter Global Market Report 2023
  • Publish Date:May 2023

  • Number of Pages:250

  • Report ID:6457301

  • Format:PDF

  • Publisher:The Business Research Company

$ 4000

Summary

Major players in the level transmitter market are Endress+Hauser, Vega Corp., Emerson Electric, Siemens AG, KROHNE Ltd., ABB Ltd., Honeywell International Inc., Yokogawa Electric Corporation, AMETEK Inc., WIKA Group, Fuji Electric Co. Ltd., Burket Fluid Control Systems, Schneider Electric, General Electric, and Semrad Pty Ltd.

The global level transmitter market is expected to grow from $3.22 billion in 2022 to $3.32 billion in 2023 at a compound annual growth rate (CAGR) of 3.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The level transmitter market is expected to grow to $3.71 billion in 2027 at a CAGR of 2.8%.

The level transmitter market consists of inductive, microwave, and magnetic level transmitters.Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers.

The value of goods in this market includes related services sold by the creators of the goods.

Level transmitters are an instrument that provide continuous level measurement over the range of the system rather than at a single point and produce an output signal that directly correlates to the level within a vessel.

Asia-Pacific was the largest region in the level transmitter market in 2022. The regions covered in the level transmitter market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The main types of level transmitters are contact and non-contact.The contact transmitters are the devices that come in direct contact with the service of which the level is to be measured.

The various technologies involved are capacitive, ultrasonic, radar, differential pressure or hydrostatic, magnet cities, radiometric, and others that are positioned by float, and submersible, used by oil and gas, chemicals, water and wastewater, food and beverages, pharmaceuticals, and other industries.

Increasing adoption of industrial automation is expected to propel the growth of the level transmitter market going forward.Industrial automation is the use of control systems, such as computers or robots, and information technologies for handling different processes and machinery in an industry to replace a human being and achieve superior performance than manual control.

Level transmitters are instruments that help enable automation in industrial settings, thus, the adoption of industrial automation drives demand for level transmitters. For instance, according to Eagle Technology Inc., a New Zealand-based systems integration and information management company, by 2026, it is anticipated that the size of the global industrial automation market will increase to 297 billion USD. Also, at least 30% of the Jobs in about 60% of all occupations might be automated. Global productivity will increase by.8% to 1.4% a year as a result of automation. Therefore, the increasing adoption of industrial automation is driving the demand for the level transmitter market.

Technological innovation is the key trend gaining popularity in the level transmitter market.Major companies operating in the level transmitter market are focused on developing technologically advanced and innovative solutions to strengthen their market position.

For instance, in July 2022, Hawk Measurement Systems (HAWK), an Australia-based level, positioning, asset monitoring, and fiber optic sensing systems company launched CGR PoE, the industry’s first Guided Wave Radar Level Transmitter featuring Power over Ethernet communications.The CGR PoE level transmitter from HAWK can link to the HawkEye365 website, which can keep an eye on several tanks all over the world in real time.

Secure in-plant and remote monitoring, as well as remote sensor setup, diagnostics, and troubleshooting capabilities, are benefits of Power over Ethernet connectivity. Without the need to scale a tank or enter the plant, the CGR PoE will interact with remote service professionals for off-site diagnostics, sensor health, and re-configuration if any troubleshooting is necessary.

In March 2021, AMETEK Inc., a US-based designer, and manufacturer of electronic instruments and electromechanical devices acquired Magnetrol International for an undisclosed amount. With this acquisition, AMETEK will expand its portfolio with innovative, advanced technology solutions. Magnetrol International is a US-based manufacturer and provider of level and flows measurement instrumentation.

The countries covered in the level transmitter market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

The level transmitter market research report is one of a series of new reports that provides level transmitter market statistics, including level transmitter industry global market size, regional shares, competitors with level transmitter market share, detailed level transmitter market segments, market trends, and opportunities, and any further data you may need to thrive in the level transmitter industry. This level transmitter market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

Table of contents

1. Executive Summary

2. Level Transmitter Market Characteristics

3. Level Transmitter Market Trends And Strategies

4. Level Transmitter Market - Macro Economic Scenario
4.1. COVID-19 Impact On Level Transmitter Market...

Methodology

Our market research methodology is designed to provide the clients with comprehensive and accurate information on various industries and markets. It includes data collection, primary interviews, macro-economic factor analysis, country-level data analysis etc.