Level Sensor Market size was valued at USD 5.46 billion in 2024 and is likely to cross USD 13 billion by 2037, registering more than 6.9% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of level sensor is estimated at USD 5.76 billion. The growth of the sector is set to be dominated by a rising amount of wastewater that needs to be treated.
Globally, over 379 billion cubic meters of municipal wastewater is generated annually. It is anticipated that the production of wastewater will increase by approximately 23% by 2030 and close to 50% by 2050. Therefore, with the growing demand for wastewater treatment the adoption of level sensors is also expected to rise. By providing operators with real-time data on wastewater volume, these sensors enable them to track the treatment process and make adjustments as needed to ensure optimal performance.
Additionally, the size of level sensors has dropped significantly as a result of enormous technological advancements and adoption such as MEMS technology over the past decades, which has significantly boosted the level sensor market.
For instance, the Internet of Things (IoT), cyber-physical systems (CPSs), and artificial intelligence are just a few of the design philosophies and technologies that make up Industry 4.0. However, most businesses are unaware of the full range of technologies that Industry 4.0 offers, which give devices seamless connectivity, interoperability, visibility, and intelligence capabilities. Also, since MEMS technology is becoming more and more widely accepted in the industry, level sensors are now available for a wide variety of applications.
Growth Drivers
Challenges
|
Base Year |
2024 |
|
Forecast Year |
2025-2037 |
|
CAGR |
6.9% |
|
Base Year Market Size (2024) |
USD 5.46 billion |
|
Forecast Year Market Size (2037) |
USD 13 billion |
|
Regional Scope |
|
Device Type (Contact Type, Non-Contact Type)
In level sensor market, non-contact segment is poised to hold over 60% share by the end of 2037 because of the rising use of non-contact type segments. The industry is witnessing a shift from contact to non-contact type due to its superior flexibility, measurement accuracy, and reduced maintenance requirements. Since non-contact sensors don't have the mechanical moving parts of floats and probes, their basic operation puts far less strain on them.
Furthermore, these sensors are resistant to corrosion, have extended lifespans, and require little maintenance to function effectively. Due to these features, customers strongly favor non-contact device types, which account for a significant portion of the global level sensor market.
Industry (Chemical & Petrochemical, Pharmaceutical, Energy & Power, Oil & Gas, Waste & Wastewater Treatment, Food & Beverages)
In level sensor market, oil & gas segment is estimated to hold over 30% revenue share by the end of 2037.The growth of the segment is poised to be dominated by rising demand for oil & gas. It was predicted that by 2023, the world's demand for crude oil (including biofuels) will have grown to over 100 million barrels per day from about 98 million barrels per day in 2022. Hence, in order to ensure effective operation and administration in the oil and gas sector, level sensors are crucial for monitoring fluid levels in storage and process tanks.
The application of level sensors improves operational efficiency in the oil and gas industry, and businesses may keep an eye on their operations & identify areas for process optimization with the help of real-time level readings. For example, level sensors can be used to track the movement of goods through pipelines, helping companies identify bottlenecks and streamline processes for increased productivity.
Our in-depth analysis of the global level sensor market includes the following segments:
|
Device Type |
|
|
Industry |
|
North American Market Statistics
By the end of 2037, North America Region is expected to capture around 35% level sensor market share. The major element for the growth of the market in this region is the growing population leading to the increasing food demand. North America's population as of 2024 is over 381,048,004, up about 0.56% from 2023.
However, to satisfy this demand the need for efficiency is also growing due to which the food and beverage manufacturers need precise and dependable monitoring of the level, mass, or volume inside storage and process tanks. Additionally, the investment in automation in this region is also surging which is also estimated to boost the level sensor market demand.
APAC Market Analysis
The level sensor market in Asia Pacific is also projected to have significant growth in the revenue over the forecast period. One of the main factors driving up demand for level sensors in the region is the abundance of semiconductor manufacturers in China, South Korea, and Japan. For instance, less than 6% of well-established semiconductor companies were based in China, and their share of global semiconductor revenues was less than 0.2%.
In addition, level sensors are forecast to grow more in demand as a result of government-driven programs, for instance, initiatives in India such as "Digital India" and "Make in India," which are expected to increase smartphone and other consumer electronics penetration in the area. Moreover, the region's level sensor market has significant growth potential due to the rapid industrial growth, the abundance of mining, petrochemical processing, and automotive sectors, as well as refineries.
Author Credits: Abhishek Verma
Copyright © 2024 Research Nester. All Rights Reserved
FREE Sample Copy includes market overview, growth trends, statistical charts & tables, forecast estimates, and much more.
Have questions before ordering this report?