Press release
Level Transmitter Market worth $3.5 billion by 2025
According to the new research report, the "Level Transmitter Market with COVID-19 Impact by Technology (Capacitance, Radar, Ultrasonic, Differential Pressure, Magnetostrictive, Radiometric), Industry (Oil & Gas, Chemicals, Water & Wastewater, Power), and Region - Global Forecast to 2025" size is expected to grow from USD 3.1 billion in 2020 to USD 3.5 billion by 2025, at a CAGR of 2.6%. The growth of the market is attributed to a high focus on industrial automation and optimum utilization of resources, increased regulatory emphasis on industrial safety, growing demand for level transmitters in pharmaceuticals and food & beverages, development of wireless level transmitters.Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=23472700
Oil & Gas Industry to hold the largest share of the level transmitter market during the forecast period
Oil and gas are among the key end-user industries of level transmitters. With technological advancements, the demand for fossil fuels has increased all across the world. Level sensors experience demand from a variety of process industries. In the oil and gas industry, they are used for monitoring the presence of toxins, such as methanol, isopropanol, ethylene glycol monobutyl ether (2-butoxyethanol), ethylene glycol (1,2-ethanediol), hydrotreated light petroleum distillates, and sodium hydroxide (Caustic soda), in water.
Level transmitter market for non-contact type to grow at highest CAGR from 2020 to 2025
Non-contact transmitters facilitate level measurement without touching the media. These transmitters are the best choice for measuring the level of corrosive media, such as acids and oxidizers. The most widely used non-contact type level sensing technologies are ultrasonic, radar, and laser, among others. These level transmitters are suitable for moist, dusty, and vaporous environments and conditions where the temperature keeps on fluctuating. Moreover, non-contact level transmitters offer numerous monitoring, control, communications, setup, and diagnostic capabilities. Non-contact level transmitters have been widely adopted in process industries as they are easy-to-use, highly accurate, and require low maintenance.
The level transmitter market in APAC is expected to grow at the highest CAGR from 2020 to 2025
The rapid urbanization and industrialization are increasing the demand for level transmitter in the region. However, COVID-19 is a global health emergency and an economic crisis, which has impacted the level transmitter market in 2020 adversely. These end-users are non-operational due to stringent measures, which include lockdown, restrictions on foreign trade, and a halt in the supply of non-essential products and services taken by several governments across the world as precautionary measures for the safety of people. There is also a huge supply-demand gap due to the decline in global demand.
Moreover, The need to meet the demand of the growing population in this region, along with increasing industrialization in emerging countries, is fueling the growth of the process industries in the region. Japan and china are major markets for level transmitter in APAC.
Inquiry Before Buying @ https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=23472700
Endress+Hauser (Switzerland), VEGA (Germany), Emerson Electric (US), Siemens (Germany), and KROHNE (Germany) ABB (Switzerland), Honeywell (US), Yokogawa (Japan), AMETEK (US), Magnetrol (US), Schneider Electric (France) are among a few major players in the level transmitter market.
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
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