Press release
Food & Beverage Industry and Petrochemical Industry Expected to Create High Demand for Float Switch Sensor Market through 2021 - 2031
The global demand for float switch sensors experienced a minor slowdown in the pandemic in 2020 due to shut-down of production hubs and other trade barriers. However the situation is getting stabilized in 2021 and the manufacturers are bringing updated products and services to catch global attention.In 2021, rising usage in process industries along with the use of IoT solutions is likely to add faster progress in the forthcoming years.Healthcare, aerospace, defense, construction and mining industries are among the industrial sectors highly opting for such level sensors.
Leading vendors like Ametek Corporation, Vega Corporation, Madison, Savolite, Deeter Electronics, Hamilton Electronics and SMD Fluid Controls are spending in research and development projects and technological advancements to bring innovation for attracting customers in 2021.
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For instance, Ametek Corporation introduced ‘Model 575’, a submersible level transmitter on August 2020. It is a hydrostatic product for quick andreliable level measurement suitable for different level monitoring needs including lift stations, inventory tank measurements, ponds, lakes, rivers, landfills, reservoirs or other kind of water treatment facility including power plants, steel mills, mines, refineries, municipal water and wastewater treatment facilities.
The model indicates the measurement level by continuously measuring hydrostatic level pressure via its sensing element and transmitted by a 4-20 mA signal. This design is providing excellent linearity and repeatability, low hysteresis and long term stability to the users in 2021.
Float switch sensors, equipped with reed switch technology, provide accurate measure of liquid level height in containers. To comply with the dimensions of the containers, float switch sensors come up with field-adjustable stem lengths, eliminating the need to employ multiple sensors.
Furthermore, float switch sensors, such as ultrasonic sensors, are highly suitable in the areas where monitoring of every intermediate level of containers is paramount.
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Additional incorporation of side mount in float switch sensors is finding its use in compact settings. The magnet located in the system actuates the reed contact after reaching a specified level.
Side mounts in float switch sensors are made up of teflon to enable operation in high-viscosity or contaminated liquids. Float switch sensors ensure better durability by housing the switch, thereby preventing it from direct contact with the liquid.
Global Float Switch Sensor Market Dynamics
Increasing demand for float switch sensors from the food and beverage industry and the petrochemical industry is anticipated to be a major driving factor. Moreover, float switch sensors limit the waste of electricity and water and are easy to install.
These factors are expected to drive the boost sales of float switch sensors during the assessment period. In addition, the different benefits of float switch sensors, such as power saving, automatic operation and reliable electronic design is becoming an appealing factor for many end-users.
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Lack of awareness regarding several different applications is expected to be a deterrent to the growth of the float switch sensor market over the forecast period.
Segmentation
By type, key segments include,
Vertical Switches
Top Mounted
Bottom Mounted
Horizontal Switches
Custom Multi-level Switches
By material, key segments include,
Stainless Steel Float Switches Sensors
Plastic Float Level Switches Sensors
Miniature Stainless Steel Float Switches Sensors
By application, key segments are,
Food & Beverage
Chemical Processing
Water Treatment Plant
Petrochemical
Shipbuilding
Aircraft and Aerospace
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Competitive Lanscape
Examples of some of the market participants identified across the value chain include:
SMD Fluid Controls
Hamilton Electronics
Madison Company
MATelec Australia
FPI Sensors
Cynergy Components
Savolite
Deeter Electronics Ltd.
Gems Sensors
S.R.I. Electronics
This analytical research study imparts an all-inclusive assessment on the market, while propounding historical intelligence, actionable insights, and industry-validated & statistically-upheld market forecast.
Verified and suitable set of assumptions and methodology has been leveraged for developing this comprehensive study. Information and analysis on key market segments incorporated in the report has been delivered in weighted chapters.
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