Level Sensor Market Analysis

  • Report ID: 5738
  • Published Date: Nov 08, 2024
  • Report Format: PDF, PPT

Level Sensor Market Analysis

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

  • Contact Type
  • Non-Contact Type

 

 

     Industry

  • Chemical & Petrochemical
  • Pharmaceutical
  • Energy & Power
  • Oil & Gas
  • Waste & Wastewater Treatment
  • Food & Beverages
  • Others
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Author Credits:  Abhishek Verma


  • Report ID: 5738
  • Published Date: Nov 08, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of level sensor is estimated at USD 5.76 billion.

The 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. The market growth is impelled by surge in the adoption of level sensors in automobiles, the growing deployment of IoT in level sensors, and the rise in initiatives of Industry 4.0.

North America industry is predicted to account for largest revenue share of 35% by 2037, due to growing population in this region.

The major players in the market include Emerson Electric Co., AMETEK, Inc., Garner Industries, LLC, Bindicator, Magnetrol International, Inc., OMEGA Engineering Inc., MTS System, Pepperl+Fuchs Pvt. Ltd., Endress+Hauser Group Services AG, Gems Sensors, Inc.
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