According to a new market report by Lucintel, the future of the global level sensor market looks promising with opportunities in the consumer electronics, energy & power, healthcare, chemicals, and industrial industries. The global level sensor market is expected to decline in 2020 due to the global economic recession led by the COVID-19 pandemic. However, the market will witness recovery in the year 2021, and it is expected to grow with a CAGR of 6% from 2020 to 2025. The major growth drivers for this market are rise in the production of vehicles, growing adoption in healthcare end-use application, and increasing advancement of the industrial internet of things (IIoT).
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In this market, contact and non-contact are the two technologies. Lucintel forecasts that the contact level sensor segment is expected to witness the highest growth during the forecast period due to simplicity, dependability, and low cost of contact level sensors.
Within the level sensor market, consumer electronics, energy & power, healthcare, chemicals, and industrial are the major end use industries.
Asia Pacific is expected to witness the highest growth over the forecast period due to various government initiatives to improve wastewater treatment facilities and growth of the automotive industry.
ABB, Emerson Electric, Endress+Hauser AG, Vega Grieshaber KG, Siemens, and Ametek are among the major manufacturers of the level sensor market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global level sensor market by technology, monitoring, application, end use industry, and region. Lucintel has prepared a comprehensive research report entitled “Growth Opportunities in the Global Level Sensor Market 2020-2025: Trends, Forecast, and Opportunity Analysis.” This Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global level sensor market by technology, monitoring, application, end use industry, and region as follows:
By Technology [$M shipment analysis for 2014 – 2025]:
By Monitoring [$M shipment analysis for 2014 – 2025]:
Continuous Level Monitoring
Point Level Monitoring
By Application [$M shipment analysis for 2014 – 2025]:
Water Monitoring
Tank Level Monitoring
Distance Ranging
Object Detection
Hydrofoil & Nautical
Wireless Level Monitoring
By End Use Industry [$M shipment analysis for 2014 – 2025]:
Consumer Electronics
Energy & Power
Healthcare
Chemicals
Automotive
Industrial
Others
By Region [$M shipment analysis for 2014 – 2025]:
United States
Canada
Mexico
China
Japan
India
South Korea
This 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or visit us at helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.