$3.7 Billion Level Transmitter Market by Technology, Industry, and Region - Global Forecast to 2024 - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Nov 22, 2018--The “Level Transmitter Market by Technology, Industry, and Region - Global Forecast to 2024” report has been added to ResearchAndMarkets.com’s offering.
The level transmitter market is expected to grow from USD 3.0 billion in 2018 to USD 3.7 billion by 2024, at a CAGR of 3.85% during the forecast period.
Level transmitters are very easy to install, highly robust, resistant to turbulence, and require little maintenance. The need for more accurate and reliable continuous level measurements for inventory management, process efficiency, and safety applications has driven the level transmitter market growth. Food & beverages and pharmaceuticals industries have been witnessing steady growth owing to the increasing purchasing power and rising consumer demand.
Thus, the increasing demand for process automation in these industries drive the growth of the level transmitter market. Moreover, there is a high focus on industrial automation and optimum utilization of resources. However, in continuous level measurement, a large volume of data is generated, which can result in network congestion. Water & wastewater is among major industries in level transmitter market. With regulations for water quality becoming more stringent and rising demand for consistent water quality, the water supply industry is continually challenged to optimize water treatment processes. The level transmitter is capable of measuring levels in both clean and harsh environments and is a cost-effective solution for water projects. During the stages of wastewater treatment, accurate level measurement of wastewater is essential. Wastewater is required to be stored and pumped to higher levels at pump stations. These pump stations use level transmitters for monitoring the level of wastewater, which facilitates controlling the pumping operation. At all stages in the wastewater network and treatment process, level monitoring of wastewater using level transmitters provides essential control and feedback on the process. North America is expected to hold largest market share during forecast period. North America is expected to hold the largest market share during the forecast period. It is an important market for level transmitters. The region has increased oil and gas production over the past decades. The growth of the level transmitter market in North America is also attributed to the huge installed base for publicly owned treatment works (POTW) and presence of industrial wastewater treatment plants. This region is also expected to sustain its position as the top market in the near future.
Endress+Hauser (Switzerland), VEGA (Germany), Emerson Electric (US), Siemens (Germany), and KROHNE (Germany) are a few major market players.
Key Topics Covered:
1 Introduction 2 Research Methodology 3 Executive Summary 4 Premium Insights 5 Market Overview 6 Level Transmitter Market, By Monitoring Method 7 Level Transmitter Market, By Technology 8 Level Transmitter Market, By Type 9 Level Transmitter Market, By Industry 10 Geographical Analysis 11 Competitive Landscape 12 Company ProfilesABB Ametek Brkert Dwyer Instruments Emerson Electric Endress+Hauser GF Piping Systems Honeywell Krohne Messtechnik L&J Technologies Magnetrol International Matsushima Measure Tech Monitor Technologies LLC Nivelco Schneider Electric Siemens Sor Inc. Spectris (Omega Engineering) VEGA Grieshaber Viatran WIKA Yokogawa Electric
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Related Topics:Gas and Chemical Sensors
INDUSTRY KEYWORD: ENERGY OIL/GAS UTILITIES TECHNOLOGY DATA MANAGEMENT MANUFACTURING ENGINEERING
SOURCE: Research and Markets
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PUB: 11/22/2018 11:36 AM/DISC: 11/22/2018 11:36 AM