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: