Level Sensor Market Size, Share 2021, Impressive Industry Growth Report 2026

Global Level Sensor Market Size, Status And Forecast 2021-2026

MarketInsightsReports, a leading global market research firm, is pleased to announce its new report on Level Sensor market, forecast for 2021-2026, covering all aspects of the market and providing up-to-date data on current trends.

The level sensors market was valued at USD 4.38 billion in 2020 and is expected to reach a value of USD 7.45 billion by 2026, registering a CAGR of 10.06% over the forecast period of 2021-2026. The growing needs of Industry 4.0 and the Industrial Internet of Things (IIoT) led to an increased requirement of diagnostics and mobile-led access. Level sensors are becoming a major choice for automation in industries with large-scale manufacturing and storage of liquids or powdered materials.

(Special Offer: Available Flat 30% Discount for a limited time only):
Get a Free Sample Copy of the Report:
https://www.marketinsightsreports.com/reports/05202906022/level-sensor-market-growth-trends-covid-19-impact-and-forecasts-2021-2026/inquiry?mode=54

Competitive Landscape

The level sensors market is highly fragmented. The market is witnessing a trend of acquisition of small technology vendors by the major players, along with the intense competition due to the demand for highly efficient products among the players. Some of the recent developments in the market are:

- In December 2019 - VEGA added a new compact 80 GHz instrument series to its portfolio of radar-based sensors for level measurement. Explicitly designed in line with price-sensitive applications, such as the water/wastewater industry or in auxiliary process loops in process automation, radar is characterized by its extremely small size, fast start uptime, and low energy consumption.

- In April 2019 - Emerson acquired Bioproduction Group, a leader in simulation, modeling, and scheduling software for biomanufacturing. Bio-G�s scheduling and modeling systems, combined with Emerson�s extensive life science technology and expertise portfolio, will help the companies bring therapies for cancer, diabetes, and other illnesses to the patients.

Avail Discount at:

https://www.marketinsightsreports.com/reports/05202906022/level-sensor-market-growth-trends-covid-19-impact-and-forecasts-2021-2026/discount?mode=54

Oil and Gas Sector to be the Largest User of Level Sensors
- The oil and gas sector is one of the most significant end users of level sensors, globally. The extensive use of these sensors for monitoring storage units and downstream processing plants has maintained a constant demand for level sensors from the sector. With the growing crude oil production in some countries, such as the United States, the need for level sensors is expected to increase.
- Alternatively, as per the International Energy Agency, the Asia-Pacific region emerged as the highest importer and consumer of natural gas. China alone accounted for two-thirds of the demand for natural gas globally. The region is not joined by a high-pressure pipeline as much as the other areas, owing to which the transport is more susceptible to leakages. Thus, there is a constant requirement of monitoring during transportation.
- According to British Petroleum's Statistical Review of World Energy, 2018, more than 33% of the global refining capacity is concentrated in the Asia-Pacific region. Countries like China, India, Japan, and South Korea have the most active oil and downstream gas sectors in the region, which, together, are responsible for over 78% of the Asia-Pacific oil refining capacity region. This is suggestive of an opportunity across the creation of a new application. Furthermore, the demand from the midstream and downstream sectors is expected to increase significantly.
- In January 2020, the Union Cabinet of India approved a memorandum of understanding (MoU) on co-operation in the oil and gas sector. As part of the MoU, the two countries may focus on exploration and production (E&P) and liquefied natural gas (LNG) opportunities. Both India and Brazil may also focus on R&D in the energy sector.
- Fluid sensing in the oil and gas sector is very important. Water, chemical fluids, and oils are integral throughout the lifecycle of a well, and even more with the rising activity in drilling techniques, like hydraulic fracturing. New techniques and regulations have further added to the need for monitoring a wide range of chemicals, along with processing flow back and produced wastewater.

North America to Account for the Largest Share
- Driven by the increased investments in automation and focus on the efficiency of processes across the pharmaceutical, oil, and gas, and food processing industries, North America is expected to be the largest market.
- Several technologies are used in the North American level sensor market. The ultrasonic form is one of the most popular techniques due to the small size of sensors and mobility. The sensors are also easy to use and affordable. The sensors do not require much maintenance. The ultrasonic sensors are mainly used to measure solid substances and the ability to function in extreme conditions.
- As the US Department of the Interior�s (DoI) plans to allow offshore exploratory drilling in about 90% of the Outer Continental Shelf (OCS) acreage under the National Outer Continental Shelf Oil and Gas Leasing Program (National OCS Program) for 2019-2024, the regional oil and gas sector is expected to open up new opportunities for the level sensor market.
- Moreover, vendors in the region are investing in expanding their product portfolio to cater to the growing demands. For instance, in October 2019, OMNICOMM launched two additions to its fuel-level sensor line, namely, OMNICOMM LLS 5 and its explosion-proof version, OMNICOMM LLS-Ex 5. The portfolio features an ingress protection rating, designed for use in hazardous areas.

Browse the report description and TOC: https://www.marketinsightsreports.com/reports/05202906022/level-sensor-market-growth-trends-covid-19-impact-and-forecasts-2021-2026?mode=54

What are the market factors that are explained in the report?

-Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

-Key Market Features: The report evaluates key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

-Analytical Tools: The Global Level Sensor Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

Customization of the Report: This report can be customized as per your needs for additional data up to 3 companies or countries or 40 analyst hours.

Dear Reader,

As the “Level Sensor” industry enters a new and different chapter in its history after the second wave of the pandemic, a subscription to the Worlds’ leading B2B “Level Sensor” market report will make sure that you are subscribed to the latest industry trends and have access to the latest market data covering both the qualitative and quantitative aspects along with the key company information.

SUBSCRIBE TODAY

Subscribing today means you will have access to the following:

Market Report in PDF and Excel format.
Access to our analyst’s expertise for the next 1 year.

In addition to your PDF copy, you will also benefit from access to 1 free press release with the chance to broadcast the content of your choice on the internet.

The issue will also carry a focus on “mention the segments” there.

Contact Us:

IrfanTamboli (Head of Sales) - Market Insights Reports

Phone: + 1704 266 3234 | +91-750-707-8687

sales@marketinsightsreports.com | irfan@marketinsightsreports.com

About Us:

MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc.MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

This release was published on openPR.