Level Sensors Market Global Analysis and Forecasts 2024 – ABB, Eaton, Siemens, AMETEK, Georg Fischer
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Technological advancements in the level sensors market such as miniaturization, microprocessor enabled intelligent instruments providing data based on its performance offer significant growth opportunities. In addition, they offer high efficiency, reliability, reduced power consumption. The top-level sensing technologies include float, tuning fork, ultrasonic, radar, microwave, laser, hydrostatics, differential pressure, capacitance, load cell.
Based on technology, level sensors market can be classified into contact and non-contact level sensors. The contact segment can be further classified into hydrostatic, float, pneumatic, magnetostrictive, level sight gauge, RF capacitance and contact ultrasonic. Float sensors such as magnetic and mechanical float offer high reliability, consisting of simple design enabling level sensing of liquids and are used in measuring levels in wells, tanks, water-treatment plants. Furthermore, pneumatic products offer features such as minimum air usage, magnetic coupling-float to valve and are explosion proof, suitable for vented and non-vented vessels.
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Non-contact level sensors market is classified into optical, laser, ultrasonic, radar, Micro-electro-mechanical systems(MEMS). The optical non-contact solution is less-expensive level sensing technology used for monitoring the liquid levels in various industrial machines such as washers, medical water distillers, dialysis machines. As a major industrial trend, stainless steel optical sensors are implemented in various hydraulic processes and refrigerators to perform operation under higher PSI. Optical sensors are smaller in size with less weight with higher efficiency, capability of working at even high temperatures making it suitable for critical infrastructure industries such as oil & gas, water-treatment, food and beverage, pharmaceutical, biotechnology.
Significant applications of level sensors include critical infrastructure industries such as oil & gas, chemical, power and energy. In oil & gas industries, these products are widely used to monitor the oil & gas flow and can be connected to computers in the network easily. In consumer electronics industry, they are used in household appliances and are enabled with synchronized control and communication. Increasing demand for consumer convenience and home automation is expected to propel the level sensors market growth. The automotive application of level sensors market includes measurement of fuel level in the tank, engine oil along with level measurement of several fluids in the vehicle such as brake fluid, steering fluid, coolant fluid, windshield cleaning fluid.
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The Asia-Pacific region is expected to dominate the level sensor market owing to the presence of large number of vendors, increasing automotive manufacturing in the economies such as China, India, and Japan. Furthermore, rapid industrial growth, presence of large number of refineries, mining, petrochemical processing facilities, automotive industries offer significant growth opportunities for the level sensors market in the region.
Industry participants in the level sensors market are ABB Ltd., Eaton Corporation PLC, Emersion Electric Company, Siemens AG, MTS Sensor, APG, Inc., AMETEK Inc., First Sensor AG, Georg Fischer AG. The industry is currently witnessing a trend of acquisition of small technology vendors by the major players along with intense competition among the players owing to the demand for highly efficient products.
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