Level Gauge Market Size Worth $2,013.69 Million By 2028 | CAGR 5.6%: The Insight Partners

According to the new research report published by The Insight Partners, titled "Level Gauge Market Forecast to 2028 - COVID-19 Impact and Global Analysis - by Gauge Type, Technology, and End-User," the market is expected to grow from US$ 1,391.31 million in 2021 to US$ 2,013.69 million by 2028; it is anticipated to grow at a CAGR of 5.6% from 2022 to 2028.

Level gauges are instruments for sensing and measuring fluid or gas levels in tanks or other storage containers. These devices are commonly used to detect fluid levels in drums, tanks, pressure vessels, and other similar uses in industrial process applications. When a direct physical measurement of the liquid level is not possible or practical, such as when the fluid being measured is toxic or when the tank or vessel housing the fluid is sealed and under pressure, level gauges are commonly used.

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One of the important factors driving the growth of the level gauge market is the growth of oil & gas businesses and strong industrial activity worldwide. Additionally, increased deployment of automatic tank gauge systems is boosting the adoption of level gauge systems in various industries, likely to fuel the level gauge market expansion over the forecast period. Due to high accuracy levels in measuring components in pharmaceutical manufacturing, the pharmaceutical industry is likely to see increased demand. Initially, pharmaceutical manufacturers had numerous measuring issues, resulting in a requirement for level sensing gauges. The necessity to get government certification, conform to criteria set by numerous health-related organizations, and maintain perfect operations has increased the demand for level gauges in the pharmaceutical industry. Furthermore, throughout the forecast period, the expansion of automated processes in the pharmaceutical industry is likely to drive the need for level gauges.

The water level gauge is normally attached to the boiler directly. There are isolation in the steam and water passageways and a drain cock. A plate-glass-type water level gauge is used for more than 17 bar boiler pressures. The glass tube is replaced by a glass plate assembly housed in a metal enclosure. The group consists of a front and back metal plate sandwich, with glass plates and a center metal plate in between. A mica sheet is placed over the glass surface facing the water and steam, with joints between the glass and the metal plate. When bolting this gauge type together, it is imperative to ensure the bolts are tightened evenly around. Failure will lead to leaking assembly and possibly shattered glass plates.

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North America is the most technologically advanced region, with several key economies, including the US, Canada, and Mexico. Developed countries in the region are known for adopting advanced technologies, high living standards, and developed infrastructure. Several industries, such as oil & gas and food & beverages in the region, are expanding their production scale due to rising consumer demand, leading to the level gauge market growth.

Level gauge manufacturers in Europe are also contributing significantly to market growth. Some of the prominent market players in Europe are PI Control Europe, P&ID b.v., Wema UK, ABB, Bliss Anand Europe, Hadro Techniek B.V., General Instruments Europe, Fival Srl, and Klinger Europe. These manufacturers offer more than one type of level gauge.

The APAC Level Gauge market is segmented into Australia, India, China, Japan, and South Korea. The growth in the manufacturing industry in Asian countries, such as China, India, Japan, South Korea, and Taiwan, would further positively impact the uptake of level gauge. Government initiatives, such as Make in India and Make in China, are transforming the manufacturing industry of India and China, respectively. This is augmenting the growth of the level gauge market in the region.

Level Gauge Market Analysis: Competitive Landscape and Key Developments

ABB Ltd., Barksdale Inc., Ayvaz, BinMaster, jbj Techniques Ltd., Jogler, LLC, KOBOLD Messring GmbH, KROHNE Messtechnik GmbH, Krueger Sentry Gauge Co. and SensorsOne Ltd.are among the key players profiled during this market study. In addition, several other essential Level Gauge market players were studied and analyzed to get a holistic view of the market and its ecosystem.

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Level Gauge Market Technology-Based Insights
Based on technology, the level gauge market is segmented into magnetic level gauge, reflex level gauge, transparent level gauge, tabular level gauge, and others. The magnetic level gauge segment is expected to register the highest CAGR during the forecast period due to its usage in various end-users. A magnetic level indicator is frequently employed in situations when a sight glass (or glass sight gauge) is unsuitable for the job or underperforming due to plant requirements.

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