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Level Gauge Market Comprehensive study explores Huge Growth in Future

09-30-2022 07:54 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: The Insight Partners

/ PR Agency: The Insight Partners
The Insight Partners

The Insight Partners

According to our latest market study on "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. Increasing Use of Level Gauge to Measure Water Level to Provide Growth Opportunities for Level Gauge Market during 2022-2028.

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Key Companies: ABB Ltd.; Barksdale Inc.; Ayvaz; BinMaster; jbj Techniques Ltd.; Jogler, LLC; KOBOLD Messring GmbH; KROHNE Messtechnik GmbH; Krueger Sentry Gauge Co.; and SensorsOne Ltd.

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.

Water level gauges are finding significant end-users in factories, chemical plants, electrical substations, and other liquid storage systems, opening new revenue streams for manufacturers and suppliers operating in the level gauge market.

As per the BP Statistical Review of World Energy 2020, the US is the world's largest country to produce natural gas products and the largest consumer of level gauges. However, the country has experienced a nationwide lockdown in the mid of 2020 due to COVID-19 safety measures, which resulted in a considerable decline in global oil prices that further restricted the oil & gas-related projects, such as storage and transportation activities of liquid gasses. Due to this, level gauges manufacturing companies faced revenue losses and slow growth. However, during the Q3 of 2020, the industries started to open, and once again, the supply chain resumed its operations. However, the effects of the COVID-19 pandemic had weakened North America's level gauge market. However, the level gauge market witnessed a positive impact as the demand for level gauges started rising in the US, Canada, and Mexico as the end user industries started their operations from Q3 of 2020.

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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.

Level Gauge Market Segmentation:
Level Gauge Market By Gauge Type
Tank Level
Fuel Level
Water Level
Mechanical Level

Level Gauge Market By Technology
Magnetic Level Gauge
Reflex Level Gauge
Transparent Level Gauge
Tabular Level Gauge
Others

Level Gauge Market By End-User
Oil & Gas
Food & Beverage
Chemical & Petrochemical
Marine
Energy & Power
Others

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Note: If you have any special requirements related to Level Gauge Market Report please let us know and we will offer you the report as you want.

Contact Person: Sameer Joshi
E-mail: sales@theinsightpartners.com
Phone: +1-646-491-9876

About Us:
The Insight Partners is a one-stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Healthcare, Manufacturing and Construction, Media and Technology, Chemicals, and Materials.

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