Level Transmitter Global Market Report 2023

“Level Transmitter Global Market Report 2023 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on level transmitter market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

• Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
• Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
• Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
• Measure the impact of high global inflation on market growth.
• Create regional and country strategies on the basis of local data and analysis.
• Identify growth segments for investment.
• Outperform competitors using forecast data and the drivers and trends shaping the market.
• Understand customers based on the latest market shares.
• Benchmark performance against key competitors.
• Suitable for supporting your internal and external presentations with reliable high quality data and analysis
• Report will be updated with the latest data and delivered to you within 3-5 working days of order along with an Excel data sheet for easy data extraction and analysis.
• All data from the report will also be delivered in an excel dashboard format.

Where is the largest and fastest growing market for level transmitter? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The level transmitter market global report ” from The Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

• The market characteristics section of the report defines and explains the market.
• The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
• The forecasts are made after considering the major factors currently impacting the market. These include:

The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.

The impact of higher inflation in many countries and the resulting spike in interest rates.

The continued but declining impact of COVID-19 on supply chains and consumption patterns.

• Market segmentations break down the market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
• The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope

Markets Covered:

• 1) By Type: Contact; Non-Contact

• 2) By Technology: Capacitive; Ultrasonic; Radar; Differential Pressure or Hydrostatic; Magnetotrictive; Radiometric; Other Technologies

• 3) By Positioning: Float; Submersible

• 4) By Industry: Oil and Gas; Chemicals; Water and Wastewater; Food and Beverages; Pharmaceuticals; Other Industries

• Companies Mentioned: Endress+Hauser; Vega Corp.; Emerson Electric; Siemens AG; KROHNE Ltd.

• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA

• Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

• Time series: Five years historic and ten years forecast.

• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,

• Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.

• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.

• Delivery format: PDF, Word and Excel Data Dashboard.

Executive Summary

Major players in the level transmitter market are Endress+Hauser, Vega Corp., Emerson Electric, Siemens AG, KROHNE Ltd., ABB Ltd., Honeywell International Inc., Yokogawa Electric Corporation, AMETEK Inc., WIKA Group, Fuji Electric Co. Ltd., Burket Fluid Control Systems, Schneider Electric, General Electric, and Semrad Pty Ltd.

The global level transmitter market is expected to grow from $3.22 billion in 2022 to $3.32 billion in 2023 at a compound annual growth rate (CAGR) of 3.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The level transmitter market is expected to grow to $3.71 billion in 2027 at a CAGR of 2.8%.

The level transmitter market consists of inductive, microwave, and magnetic level transmitters. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

Level transmitters are an instrument that provide continuous level measurement over the range of the system rather than at a single point and produce an output signal that directly correlates to the level within a vessel.

Asia-Pacific was the largest region in the level transmitter market in 2022. The regions covered in the level transmitter market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The main types of level transmitters are contact and non-contact. The contact transmitters are the devices that come in direct contact with the service of which the level is to be measured. The various technologies involved are capacitive, ultrasonic, radar, differential pressure or hydrostatic, magnet cities, radiometric, and others that are positioned by float, and submersible, used by oil and gas, chemicals, water and wastewater, food and beverages, pharmaceuticals, and other industries.

Increasing adoption of industrial automation is expected to propel the growth of the level transmitter market going forward. Industrial automation is the use of control systems, such as computers or robots, and information technologies for handling different processes and machinery in an industry to replace a human being and achieve superior performance than manual control. Level transmitters are instruments that help enable automation in industrial settings, thus, the adoption of industrial automation drives demand for level transmitters. For instance, according to Eagle Technology Inc., a New Zealand-based systems integration and information management company, by 2026, it is anticipated that the size of the global industrial automation market will increase to 297 billion USD. Also, at least 30% of the Jobs in about 60% of all occupations might be automated. Global productivity will increase by.8% to 1.4% a year as a result of automation. Therefore, the increasing adoption of industrial automation is driving the demand for the level transmitter market.

Technological innovation is the key trend gaining popularity in the level transmitter market. Major companies operating in the level transmitter market are focused on developing technologically advanced and innovative solutions to strengthen their market position. For instance, in July 2022, Hawk Measurement Systems (HAWK), an Australia-based level, positioning, asset monitoring, and fiber optic sensing systems company launched CGR PoE, the industry's first Guided Wave Radar Level Transmitter featuring Power over Ethernet communications. The CGR PoE level transmitter from HAWK can link to the HawkEye365 website, which can keep an eye on several tanks all over the world in real time. Secure in-plant and remote monitoring, as well as remote sensor setup, diagnostics, and troubleshooting capabilities, are benefits of Power over Ethernet connectivity. Without the need to scale a tank or enter the plant, the CGR PoE will interact with remote service professionals for off-site diagnostics, sensor health, and re-configuration if any troubleshooting is necessary.

In March 2021, AMETEK Inc., a US-based designer, and manufacturer of electronic instruments and electromechanical devices acquired Magnetrol International for an undisclosed amount. With this acquisition, AMETEK will expand its portfolio with innovative, advanced technology solutions. Magnetrol International is a US-based manufacturer and provider of level and flows measurement instrumentation.

The countries covered in the level transmitter market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

The level transmitter market research report is one of a series of new reports from The Business Research Company that provides level transmitter market statistics, including level transmitter industry global market size, regional shares, competitors with level transmitter market share, detailed level transmitter market segments, market trends, and opportunities, and any further data you may need to thrive in the level transmitter industry. This level transmitter market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.