he European Level Sensor Market report defines and segments the concerned market with analysis and forecast of revenue. This market was valued at $771.5 million in 2013, and is expected to reach $953.4 million by 2018, at a CAGR of 4.3% during the forecast period.
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The phenomenon of level sensors is to detect the flow of liquids, granular powders, and other substances. Level measurement of these sensors can either be in the continuous form or point values. These sensors are designed in accordance to the sensing principles, and are utilized in a variety of industrial and commercial applications. The market for level sensors in Europe is anticipated to grow due to the presence of around 60% of sensor manufacturers thriving in this region. Major countries contributing to the level sensor market in Europe include Germany, France, the U.K., and Italy. Germany dominates the market owing to its increasing prominence in the industrial sector. It has registered a market share of 29% in the overall level sensors market in Europe, followed by the U.K. with 24% of market share.
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Being the largest industrial country in Europe, Germany is projected to grow at a faster pace as compared to other countries in the European region. Furthermore, a substantial growth is expected to be observed in the U.K., which is mainly attributed to the wide applicability of level sensors in automotive and healthcare sectors. The affluence of consumers and competitiveness of the market, along with the presence of global consumer electronics companies, are significant factors that have made Europe a desired market for level sensor manufacturers.
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The Europe level sensors market is segmented on the basis of technology and application. The technological segment of this market comprises contact level sensor and non-contact level sensor. The contact level sensor market is further classified into rotating paddle level sensor, resistive chain level sensor, weight & cable level sensor, magnetostrictive level sensor, vibratory probe level sensor, hydrostatic level sensor, magnetic & mechanical float level sensor, and pneumatic level sensor.
This market research report offers a comprehensive overview of market share, value chain analysis, and market metrics, such as drivers, restraints, and upcoming opportunities. It also provides valuable insights on competitive landscape of key market players, in addition to their product offerings, company financials, growth strategies, and recent developments.
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