The global level sensor market is anticipated to grow from USD 4.4 billion in 2020 to USD 6.9 billion by 2027, registering a CAGR of 7.6% during the forecast period 2021-2027.

The level sensor is a device that is used in monitoring, managing, and measuring liquids and determines the level of fluids or other substances which flow in an open or closed system. The increased digitalization and adoption of different intelligent devices has hiked the level sensor market and the increase is steady. The mounting industrial automation and development of miniaturization technology in electronic devices will led to the adoption of level sensors in different industry verticals, resulting in the growth of the market. Some industries using the device are food and beverages, oil and gas, consumer goods, industrial manufacturing, etc. The level sensors detect precise and accurate leakage and its application is critical in the automobile industry. Level sensors are widely applied to measure water level, tank level, distance range, object revelation, as well as wireless level monitoring in hydraulic places and as cooling circuits in nuclear power plants.

Factors attributing to the growth of the global level sensor market are the reduced size of sensors, increased adoption of level sensors in process industries owing to accurate, precise, and low-cost perpetuation, and mounting adoption of IIoT solutions, constant production of vehicles globally. Furthermore, the mounting demand for consumer convenience, home automation, rising adoption of smart sensors for two-way communication and self-diagnosis, rising demand for intelligent instruments equipped with microprocessors to provide information regarding the performance of the instrument will propel the growth of the level sensor market. In addition, the adoption of liquid level sensors to handle liquid level measurement complexities and liquid assets inventory application will augment the growth of the level sensor market.

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North America dominates the global level sensor market owing to the accessibility of oil & gas reserves in the US and Canada which has led to an increase in drilling activities and the adoption of level sensors for high accuracy. Furthermore, the presence of major manufacturers in the region will fuel the growth of level sensor market.

APAC is anticipated to be the region with a high CAGR owing to the increased use of level sensors in various industry verticals like industrial manufacturing, chemicals, and pharmaceuticals in this region. In addition, the rapid industrial growth, the existence of a large number of refineries, mining, petrochemical processing, the rising automotive industry will provide opportunities for growth in the level sensor market. Thus, the increased demand for level sensors and supply of raw material by countries like Korea, China, And Japan will fuel the growth of the level sensor market.

Emerson is focused on two business platforms i.e., automation solutions and commercial & residential solutions, and includes developed technologies to create sustainable solutions for customers. Emerson's extensive range of devices for liquids and solids measurement include point level detection to stimulate continuous level, interface, and volume measurement, even in extreme conditions For instance, Emerson's Rosemount level measurement technologies will optimize processes, plan for maintenance, predict and correct issues before they become problems. Their product portfolio includes continuous level measurement, point level detection, solids measurement, hygienic and sanitary level measurement, and accessories and spare parts.

In June 2021, Emerson has developed Rosemount™ 1408H Level Transmitter which is the world’s first non-contacting radar level transmitter designed precisely for food and beverage applications.

In March 2021, AMETEK, Inc. has acquired three companies – Magnetrol International, Crank Software, and EGS Automation (EGS). Magnetrol International will expand the level measurement solutions of AMETEK.

Some of the key players operating in the level sensor market: ABB, Emerson Electric Co., AMETEK.Inc., Honeywell International Inc., TE Connectivity, Fortive, Siemens, Vega Grieshaber KG, Endress+Hauser Group Services AG, and SICK AG.

Source: VynZ Research