Level Transmitter Market worth 2.87 Billion USD by 2020


Posted June 9, 2017 by RameshwarM

The global level transmitter market is estimated to reach USD 2.87 Billion by 2020. The need for accurate and reliable continuous level measurement is a vital factor driving the global level transmitter market.

 
According to the new market research report "Level Transmitter Market by Type (Capacitance, Radar, Ultrasonic, Differential Pressure, Magnetostrictive), by Industry (Oil & Gas, Chemical, Food & Beverage, Water & Wastewater, Power, Metal & Mining), and Region - Global Forecast to 2020", the level transmitter market is estimated to reach USD 2.87 Billion by 2020, at a CAGR of 3.93% between 2015 and 2020. Factors which are driving the level transmitter market includes the need for accurate and reliable continuous level measurement,
demand for wireless level instrumentation, and need for sophisticated automated processing systems.
Browse 95 market data tables and 57 figures spread through 155 pages and in-depth TOC on "Level Transmitter Market - Global Forecast to 2020"

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Differential pressure level transmitters are expected to lead the level transmitter market

Differential pressure level transmitters are expected to hold the largest market size in the level transmitter market during forecast period.
Differential pressure level transmitter offers reliable level measurement, unaffected by many physical characteristics such as conductivity, dielectric coefficient, and viscosity, and has direct contact with the medium.
Differential pressure transmitters has captured the vast majority of level industries such as chemical, petrochemical, refining, and electric power generation and still represent the largest worldwide sales volume of process level measurement equipment.
The market for radar level transmitters is expected to grow at the highest CAGR between 2015 and 2020
The market for radar level transmitters is expected to grow at the highest CAGR due to the fact that they work with high-frequency radar pulses which are emitted by an antenna and reflected from the product surface, thus their accuracy is independent of dielectric constant, density, and conductivity.

Moreover, radar level transmitters are used in harsh environments where dust, vapor, or foaming surfaces prevent the usage of ultrasonic measurement. Thus, a majority of manufacturers prefer radar level transmitters for level measurement.
Scope of the Report:
This research report categorizes the global level transmitter market on the basis of type, industry, and region.
Global Level Transmitter Market, By Type
• Capacitance
• Ultrasonic
• Differential Pressure
• Radar
• Optical
• Displacer
• Magnetostrictive
Global Level Transmitter Market, By Industry
• Oil & Gas
• Chemical
• Food & Beverages
• Water & Wastewater
• Power
• Pulp & Paper
• Pharmaceuticals
• Metals & Mining

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Research Methodology:

The research methodology used to estimate and forecast the global level transmitter market begins with capturing of data on key vendor revenue through the secondary research.
The vendor offerings are also taken into consideration to determine the market segmentation. The bottom-up procedure has been employed to arrive at the overall size of the global level transmitter market from the revenue of the key players in the market.
After arriving at the overall market size, the total market has been split into several segments and subsegments that have been verified through the primary research by conducting extensive interviews of people holding key positions, such as CEOs, Vice Presidents, directors, and executives.


Graphical Analysis:
The differential pressure level transmitter segment is expected to account for the largest share in the global level transmitter market during forecast period. Differential pressure level transmitters offer reliable level measurement and are unaffected by many physical characteristics, such as conductivity, dielectric coefficient, and viscosity.



Differential pressure transmitters are used in majority of industries, such as chemical, petrochemicals, refining, and electric power generation. The radar level transmitter segment of the global level transmitter market is expected to grow at a high CAGR during the forecast period. Radar level transmitters have several advantages over other level transmitters as their accuracy is independent of dielectric constant, density, and conductivity.
The North American region accounted for the largest share in the global level transmitter market in 2014. The Asia-Pacific level transmitter market is expected to grow at a high CAGR between 2015 and 2020.
Increasing industrialization and urbanization in the Asia-Pacific region, along with huge investments being made in various industries, such as pharmaceuticals, oil & gas extraction, and wastewater treatment are the key factors driving the global level transmitter market.
One of the key restraining factors for the global level transmitter market is the shortage of skilled workers, resulting in high wages of workers. The tools and technologies used in the industries require trained workers for handling latest tools and software systems. To cope up with this, the existing workers need to be trained with new systems.


Available Customizations:
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Issued By Rameshwra Mali
Website Level Transmitter Market
Phone 1-888-600-6441
Business Address Pune
Pune
Country India
Categories Aerospace , Apparel , Automotive
Tags level transmitter market
Last Updated June 9, 2017