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Ultrasonic Level Sensors Market is expected to reach approximately US$ 298 Mn by 2025

Ultrasonic Level Sensors Market

Ultrasonic Level Sensors Market

North America dominates the global ultrasonic level sensors market followed by Asia Pacific and Europe. The global ultrasonic level sensors market is expected to be characterized by innovative product development for varying end use sector applications over the forecast period.

Consolidation of the sales network coupled with value added services by manufacturers to strengthen their market footprint is one of the several insights presented in a new report published by Persistence Market Research titled “Ultrasonic Level Sensors Market: Global Industry Analysis (2012-2016) and Forecast (2017–2025).” This report tracks the performance of the global ultrasonic level sensors market for a period of eight years, i.e. between 2017 and 2025. The global ultrasonic level sensors market was valued at just under US$ 140 Mn in 2016 and is expected to reach approximately US$ 298 Mn by the end of the forecast period in 2025.

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Global Ultrasonic Level Sensors Market: Drivers

Strong demand from water & waste water management and oil & gas sectors
Rising demand from the civic utilities sector
Booming automotive sector requiring more ultrasonic level sensors
Significant expansion in the industrial sector leading to increasing demand for ultrasonic level sensors
Demand from chemicals and petroleum refineries
Global Ultrasonic Level Sensors Market: Forecast by End Use

On the basis of end use, the global ultrasonic level sensors market is segmented into medical, automotive, industrial, water & waste water management and oil & gas. Industrial segment is sub-segmented into F&B, cement, P&P, and chemical segments. Among the end use industry segments, oil & gas is expected to witness significant growth over other sectors during the forecast period. Oil skimming from refineries and prevention of oil spills in natural water bodies as mandated by regulatory agencies has been the driving factor behind this growth. The industrial segment is projected to create total incremental opportunity worth US$ 67.4 Mn between 2017 and 2025.

Global Ultrasonic Level Sensors Market: Forecast by Range

Medium range ultrasonic level sensors are projected to witness high demand in the coming years. The demand for medium range sensors is also expected to receive a major boost from the industrial sector. Medium range sensors are expected to gain traction in terms of market value share during the forecast period. The medium range segment is projected to create total incremental opportunity worth US$ 76 Mn between 2017 and 2025.

Global Ultrasonic Level Sensors Market: Forecast by Technology

Continuous ultrasonic level sensors are projected to witness high demand in the coming years. The demand for these sensors is expected to receive a major boost from end use industries such as oil & gas, food & beverages and chemical where continuous and highly thermal stable ultrasonic level sensors are required. The continuous ultrasonic level sensors segment is anticipated to hold a market share of about 65% by 2025.

Global Ultrasonic Level Sensors Market: Forecast by Region

North America and Europe have been early adopters of ultrasonic level sensors since the 1990s. The Asia Pacific regional market is expected to be the most attractive during the forecast period due to considerable market size and imposition of stringent regulations by local governments in order to optimize and safeguard natural renewable resources. APAC is projected to create total incremental opportunity worth US$ 35.6 Mn between 2017 and 2025.

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Prominent players operating in the Ultrasonic Level Sensors Market players consist of the following:

ABB Limited
Endress+Hauser Management AG
Siemens AG
Krohne
Pepperl+Fuchs GmbH
Continental AG
VEGA Grieshaber KG
Hans TURCK GmbH & Co. KG
Gems Sensors, Inc.
Omega Engineering Inc.
KEYENCE CORPORATION
Texas Instruments Incorporated
MIGATRON CORPORATION
Honeywell International Inc.

About Industrial Automation Domain of PMR@ https://www.persistencemarketresearch.com/category/industrial-automation.asp

The Industrial Automation team at Persistence Market Research provides expert opinions and incisive inputs about broad array of products used extensively in the manufacturing industry. The team has compiled comprehensive market research reports on gears, valves, bearings, special purpose machinery, and other key segments in this evolving landscape. In addition to offering syndicated market research studies, the team consults clients from all across the globe on their unique, strategic needs. Need help with your next project? Feel free to reach out.

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About Us:
Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance. To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources.

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