DALLAS, Tex., Jan. 16 – According to a new market research report "Level Sensors Market : Global Forecast & Analysis - Focus on Technologies [Contact Type (Magnetostrictive, Vibratory probe, Hydrostatic, Magnetic float) and Non Contact Type (Ultrasonic, Radar, Optical, Laser)], Applications and Geography (2013-2018)", published by MarketsandMarkets, the total level sensor market is expected to reach $4,084 million by 2018, at a CAGR of 7.8% from 2013 to 2018. In terms of volume, the total number of level sensors shipped was 117.41 million units in 2012 and is expected to reach 248.46 million units by 2018, at an estimated CAGR of 12.9% from 2013 to 2018.
This report aimed at identifying the entire market of level sensors for various applications, and all its sub-segments through extensively detailed classifications in terms of both - revenue and shipments. This report is focused on giving a bird's eye-view of the complete market with regards to technology, application and geographical analysis of level sensors. Technological classification of level sensors could be done into two broad categories; namely contact and non contact type level sensor. Contact type level sensor includes magnetostrictive, vibratory probe, hydrostatic, magnetic float, pneumatic, others in contact level sensor (which include resistive, rotating paddle, weight & cable) where as non contact types level sensor includes Ultrasonic, Microwave/Radar, Optical, Laser, Others in noncontact level (nuclear, load cells). Application market of level sensors includes computing & ICT sector, consumer sector, automotive & transportation sector, industrial, power & manufacturing sector, military and defense, healthcare and agricultural applications where as geographical analysis includes study of major regions like North America, Europe, APAC and Rest of the World. It also profiles more than 20 key level sensor manufacturers. The report draws the competitive landscape of level Sensor Market, providing an in-depth comparative analysis of the technological and marketing strategies the key players are adopting in order to gain an edge over the their competitors
In modern world, non contact level sensors are the need of the hour. Also, these sensors have proved themselves as a continuously growing revenue stream due to increase in penetration into many applications. Major non contact level sensing technologies that will contribute more to the global level sensors market are Radar and ultrasonic growing at a CAGR greater than 10% while contact level sensing technologies like magnetostrictive and vibratory probe technologies will grow at a CAGR of 5.1% and 9.0% from 2013-2018. The largest application segment for level sensors is industrial, power & manufacturing application contributing nearly 65% to the total market in 2012 and it is expected to maintain its dominance throughout the forecast period. North America is the leading region in the overall level sensors market with 33% of market share in 2012; followed by Europe and APAC with 28% and 25% each in 2012. In ROW, Russia and Brazil are the largest contributors with total share of 15% occupied in global level sensors market.
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