Asia Pacific Level Gauge Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Gauge Type, Technology, and End-User

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The Asia Pacific level gauge market is expected to grow from US$ 569.60 million in 2021 to US$ 861.06 million by 2028; it is estimated to register a CAGR of 6.2% from 2021 to 2028.

The oil & gas industry is one of the key end-users of level gauges. The widespread usage of level gauges for monitoring storage units and downstream processing plants has continued the demand for these instruments in the industry. With the rise in crude oil production in a few countries, such as China, the level gauge market is growing rapidly. Moreover, the International Energy Agency reports that Asia Pacific is the largest importer and consumer of natural gas. China was responsible for two-thirds of global natural gas demand in 2021. Moreover, transportation is vulnerable to leaks as a high-pressure pipeline does not serve across the region. Hence, regular monitoring is required throughout the shipment. As per British Petroleum's 2018 Statistical Review of World Energy, Asia Pacific houses over 33% of the global refining capacity. China, India, Japan, and South Korea have the most active oil and downstream gas sectors in Asia Pacific, accounting for over 78% of the region's oil refining capacity. This leads to a potential possibility of the development of a new end-user. Further, the demand for measurement equipment from the midstream & downstream industries is likely to rise. Fluid sensing is critical in the oil & gas industry. Water, chemical fluids, and oils are essential throughout a well's lifecycle, along with the increased use of drilling techniques such as hydraulic fracturing. The need for monitoring a wide range of chemicals and processing flow back that created wastewater has increased due to new procedures and regulations. The above-mentioned factors are augmenting the demand for level gauges in the oil & gas industry.

With new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Asia Pacific level gauge market at a substantial CAGR during the forecast period.

Asia Pacific Level Gauge Market Revenue and Forecast to 2028 (US$ Million)

Asia Pacific Level Gauge Market Segmentation

The Asia Pacific level gauge market is segmented on the basis of gauge type, technology, end-user, and country. Based on gauge type, the market is categorized into tank level, fuel level, water level, and mechanical level. In 2021, the tank level segment held the largest share of the market; and the fuel level segment is expected to register the highest CAGR during the forecast period. Based on technology, the market is segmented into magnetic level gauge, reflex level gauge, transparent level gauge, and tubular level gauge. In 2021, the magnetic level gauge segment held the largest market share; and it is also expected to register the highest CAGR in the market during the forecast period. Based on end-user, the market is segmented into oil & gas, food & beverage, chemical & petrochemical, marine, energy & power, and others. In 2021, the chemical & petrochemical segment held the largest share of the market; and it is also expected to register the highest CAGR during the forecast period. Based on country, the Asia Pacific level gauge market is segmented into Australia, China, India, Japan, South Korea, and the Rest of APAC. In 2021, China held the largest market share; and India is expected to grow at the highest CAGR during the forecast period.

ABB Ltd., Barksdale Inc., Ayvaz; BinMaster; Jogler, LLC; KOBOLD Messring GmbH; and KROHNE Messtechnik GmbH are among the leading companies operating in the Asia Pacific level gauge market.

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Product Code: BMIRE00025423

1. Introduction

1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation

2. Key Takeaways

3. Research Methodology

3.1 Coverage
3.2 Secondary Research
3.3 Primary Research

4. Asia Pacific Level Gauge Market Landscape

4.1 Market Overview
4.2 PEST Analysis
- 4.2.1 Asia Pacific - PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion

5. Asia Pacific Level Gauge Market - Key Market Dynamics

5.1 Market Drivers
- 5.1.1 Extending Use of Level Gauge in Oil & Gas Industry
- 5.1.2 Fostering Deployment of Automatic Tank Gauge Systems
5.2 Market Restraints
- 5.2.1 Freezing of Measurement Equipment in Underground Tanks
5.3 Market Opportunities
- 5.3.1 Increasing Use of Level Gauge to Measure Water Level
5.4 Future Trends
- 5.4.1 Unification of Sensors in Measurement Systems
5.5 Impact Analysis of Drivers and Restraints

6. Asia Pacific Level Gauge Market Analysis

6.1 Asia Pacific Level Gauge Overview
6.2 Asia Pacific Level Gauge Market Revenue and Forecast to 2028 (US$ Million)

7. Asia Pacific Level Gauge Market Analysis - by Gauge Type

7.1 Overview
7.2 Asia Pacific Level Gauge Market Breakdown, by Gauge Type
7.3 Tank Level
- 7.3.1 Overview
- 7.3.2 Tank Level: Level Gauge Market - Revenue and Forecast to 2028 (US$ Million)
7.4 Fuel Level
- 7.4.1 Overview
- 7.4.2 Fuel Level: Level Gauge Market - Revenue and Forecast to 2028 (US$ Million)
7.5 Water Level
- 7.5.1 Overview
- 7.5.2 Water Level: Level Gauge Market - Revenue and Forecast to 2028 (US$ Million)
7.6 Mechanical Level
- 7.6.1 Overview
- 7.6.2 Mechanical Level: Level Gauge Market - Revenue and Forecast to 2028 (US$ Million)

8. Asia Pacific Level Gauge Market - by Technology

8.1 Overview
8.2 Asia Pacific Level Gauge Market Breakdown, by Technology
8.3 Magnetic Level Gauge
- 8.3.1 Overview
- 8.3.2 Magnetic Level Gauge: Level Gauge Market - Revenue and Forecast to 2028 (US$ Million)
8.4 Reflex Level Gauge
- 8.4.1 Overview
- 8.4.2 Reflex Level Gauge: Level Gauge Market - Revenue and Forecast to 2028 (US$ Million)
8.5 Transparent Level Gauge
- 8.5.1 Overview
- 8.5.2 Transparent Level Gauge: Level Gauge Market - Revenue and Forecast to 2028 (US$ Million)
8.6 Tabular Level Gauge
- 8.6.1 Overview
- 8.6.2 Tabular Level Gauge: Level Gauge Market - Revenue and Forecast to 2028 (US$ Million)
8.7 Others
- 8.7.1 Overview
- 8.7.2 Others: Level Gauge Market - Revenue and Forecast to 2028 (US$ Million)

9. Asia Pacific Level Gauge Market - by End-User

9.1 Overview
9.2 Asia Pacific Level Gauge Market Breakdown, by End-User
9.3 Oil & Gas
- 9.3.1 Overview
- 9.3.2 Oil & Gas: Level Gauge Market - Revenue and Forecast to 2028 (US$ Million)
9.4 Food & Beverage
- 9.4.1 Overview
- 9.4.2 Food & Beverage: Level Gauge Market - Revenue and Forecast to 2028 (US$ Million)
9.5 Chemical and Petrochemical
- 9.5.1 Overview
- 9.5.2 Chemical & Petrochemical: Level Gauge Market - Revenue and Forecast to 2028 (US$ Million)
9.6 Marine
- 9.6.1 Overview
- 9.6.2 Marine: Level Gauge Market - Revenue and Forecast to 2028 (US$ Million)
9.7 Energy & Power
- 9.7.1 Overview
- 9.7.2 Energy & Power: Level Gauge Market - Revenue and Forecast to 2028 (US$ Million)
9.8 Others
- 9.8.1 Overview
- 9.8.2 Others: Level Gauge Market - Revenue and Forecast to 2028 (US$ Million)

10. Asia Pacific Level Gauge Market - Country Analysis

10.1 Overview
- 10.1.1 Asia Pacific: Level Gauge Market Breakdown, by Country
  - 10.1.1.1 Australia Level Gauge Market: Revenue and Forecast to 2028 (US$ Million)
    - 10.1.1.1.1 Australia: Level Gauge Market Breakdown, by Gauge Type
    - 10.1.1.1.2 Australia: Level Gauge Market Breakdown, by Technology
    - 10.1.1.1.3 Australia: Level Gauge Market Breakdown, by End-User
  - 10.1.1.2 China Level Gauge Market: Revenue and Forecast to 2028 (US$ Million)
    - 10.1.1.2.1 China: Level Gauge Market Breakdown, by Gauge Type
    - 10.1.1.2.2 China: Level Gauge Market Breakdown, by Technology
    - 10.1.1.2.3 China: Level Gauge Market Breakdown, by End-User
  - 10.1.1.3 India Level Gauge Market: Revenue and Forecast to 2028 (US$ Million)
    - 10.1.1.3.1 India: Level Gauge Market Breakdown, by Gauge Type
    - 10.1.1.3.2 India: Level Gauge Market Breakdown, by Technology
    - 10.1.1.3.3 India: Level Gauge Market Breakdown, by End-User
  - 10.1.1.4 Japan Level Gauge Market: Revenue and Forecast to 2028 (US$ Million)
    - 10.1.1.4.1 Japan: Level Gauge Market Breakdown, by Gauge Type
    - 10.1.1.4.2 Japan: Level Gauge Market Breakdown, by Technology
    - 10.1.1.4.3 Japan: Level Gauge Market Breakdown, by End-User
  - 10.1.1.5 South Korea Level Gauge Market: Revenue and Forecast to 2028 (US$ Million)
    - 10.1.1.5.1 South Korea: Level Gauge Market Breakdown, by Gauge Type
    - 10.1.1.5.2 South Korea: Level Gauge Market Breakdown, by Technology
    - 10.1.1.5.3 South Korea: Level Gauge Market Breakdown, by End-User
  - 10.1.1.6 Rest of APAC Level Gauge Market: Revenue and Forecast to 2028 (US$ Million)
    - 10.1.1.6.1 Rest of APAC: Level Gauge Market Breakdown, by Gauge Type
    - 10.1.1.6.2 Rest of APAC: Level Gauge Market Breakdown, by Technology
    - 10.1.1.6.3 Rest of APAC: Level Gauge Market Breakdown, by End-User

11. Company Profiles

11.1 ABB Ltd.
- 11.1.1 Key Facts
- 11.1.2 Business Description
- 11.1.3 Products and Services
- 11.1.4 Financial Overview
- 11.1.5 SWOT Analysis
- 11.1.6 Key Developments
11.2 Barksdale Inc.
- 11.2.1 Key Facts
- 11.2.2 Business Description
- 11.2.3 Products and Services
- 11.2.4 Financial Overview
- 11.2.5 SWOT Analysis
- 11.2.6 Key Developments
11.3 Ayvaz
- 11.3.1 Key Facts
- 11.3.2 Business Description
- 11.3.3 Products and Services
- 11.3.4 Financial Overview
- 11.3.5 SWOT Analysis
- 11.3.6 Key Developments
11.4 BinMaster
- 11.4.1 Key Facts
- 11.4.2 Business Description
- 11.4.3 Products and Services
- 11.4.4 Financial Overview
- 11.4.5 SWOT Analysis
- 11.4.6 Key Developments
11.5 Jogler, LLC
- 11.5.1 Key Facts
- 11.5.2 Business Description
- 11.5.3 Products and Services
- 11.5.4 Financial Overview
- 11.5.5 SWOT Analysis
- 11.5.6 Key Developments
11.6 KOBOLD Messring GmbH
- 11.6.1 Key Facts
- 11.6.2 Business Description
- 11.6.3 Products and Services
- 11.6.4 Financial Overview
- 11.6.5 SWOT Analysis
- 11.6.6 Key Developments
11.7 KROHNE Messtechnik GmbH
- 11.7.1 Key Facts
- 11.7.2 Business Description
- 11.7.3 Products and Services
- 11.7.4 Financial Overview
- 11.7.5 SWOT Analysis
- 11.7.6 Key Developments

12. Appendix

12.1 About The Insight Partners
12.2 Word Index