USD 3.8 billion
Level Sensor Market Size, Share, Growth Analysis, By Technology(Contact Type/Point Level, Non-Contact Type/Continuous Level), By Application(Automotive, Consumer Electronics, Healthcare), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG45J2079 |
Region:
Global |
Published Date: February, 2024
Pages:
240
|Tables:
62
|Figures:
77
Level Sensor Market Insights
Level Sensor Market size was valued at around 4.9 billion in 2022 and is expected to rise from USD 5.3 billion in 2023 to reach a value of USD 9.4 billion by 2031, at a CAGR of 7.4% over the forecast period (2024–2031).
The market is being driven by factors including the rapid use of industrial automation, the advancement of level sensors, and the expansion of level sensor application in the energy & power sector. These sensing techniques are used to gauge the concentration of fluidized solids, such as powders, slurries, and granular materials, as well as liquids. The substance to be measured can be measured using continuous or point values, and it can be done with the substance still in its natural state or inside of a container.
Market expansion is anticipated to be fueled by the growing adoption of smart sensors that are capable of two-way communication and self-diagnosis. For instance, digital technology can be connected to microcontrollers to monitor water usage and capacity in applications like water conservation.
US Level Sensor Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - 2023-2030
Global Market Size
Largest Segment
Automotive
Fastest Growth
Automotive
Growth Rate
6.3% CAGR
Global Level Sensor Market 2022-2030 ($ Bn)
Country Share for North America Region- 2022 (%)
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Level Sensor Market Segmental Analysis
Global level sensor market is segmented on the basis of technology, application, and region. By technology, the market is segmented into contact type/point level, non-contact type/continuous level. By application, the market is segmented into automotive, consumer electronics, healthcare. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Level Sensor Market Analysis by Application
The automobile application dominated the market in 2022 with a highest revenue share owing to rising utilization to detect the change in the control arms angle in the car. It is also used to estimate the amount of fuel in the tank, automobiles typically have a fuel sensor.
Strict emission regulations, rising electrification in cars, rising demand for automotive sensors in tandem with rising interest in autonomous vehicles, and rising use of alternative fuel vehicles are some of the factors anticipated to propel the growth of the automotive level sensor market over the course of the forecast period.
Due to the strict laws in industrialised countries like the UK, Germany, and the U.S., the application for managing industrial and municipal wastewater is also anticipated to experience significant growth. Furthermore, it is projected that rising government initiatives would accelerate the use of water purification technology in developing nations.
Global Level Sensor Market By Application, 2022 (%)
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Level Sensor Market Regional Insights
In 2022, North America dominated the level sensor market. A research project has been created by the Air, Climate, and Energy research programme of the U.S. EPA to examine both O3 and NO2 low-cost sensors. The U.S. EPA collaborates with manufacturers as part of the research programme to assess the qualities of such sensors. The increased adoption of various sensors in new cars is the main factor fueling the expansion of the U.S. regional level sensor market. The TEREAD Act, which requires pressure sensors for every vehicle to alert the driver of underinflated tires, is anticipated to increase industry demand in the U.S.
The Asia Pacific regional market is anticipated to expand as a result of the huge number of semiconductor manufacturers present in Korea, China, and Japan. Also, the rising environmental and water management concerns have a beneficial impact on market expansion over the anticipated timespan.
Global Level Sensor Market By Geography, 2022-2030
- Largest
- Fastest
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Level Sensor Market Dynamics
Level Sensor Market Drivers
Decrease in the sensors size is expected to drive the market demand
- Due to the level sensor industry's shrinking size and growing reliance on MEMS technology, which has played a significant role in the industry's growth, level sensors are now used in a variety of industries, including the automotive, aerospace and defence, healthcare, industrial chemicals (resins, effluents), petrochemicals, water and wastewater, construction and building, energy and clean-tech, mining, paper, pulp and forestry, plastics, sludge and slurry, and food
Level Sensor Market Restraints
Increasing competition between major players offering level sensors
- The global level sensor market is expected to rise, although this is anticipated to be constrained by the high cost of peptide drug research and development. The discovery and production of peptide medications are governed by strict government regulations, which is seen to be one of the main factors limiting the market's expansion for peptide treatments. Additionally, the potential of adverse effects brought on by long-term peptide medication use provides a barrier to market expansion.
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Level Sensor Market Competitive Landscape
In an effort to diversify their product offerings, several major manufacturers are increasingly adopting inorganic growth strategies, such as numerous mergers and acquisitions. For instance, Emerson Electric Company purchased the valves and controls division of U.S.-based Pentair plc to diversify its line of valve and control products. The market's competition has made it more critical than ever to boost productivity and efficiency.
Level Sensor Market Top Player’s Company Profiles
- Emerson Electric Co.
- Endress+Hauser AG
- Vega Grieshaber KG
- Siemens AG
- ABB Ltd.
- Honeywell International Inc.
- Schneider Electric SE
- AMETEK, Inc.
- Texas Instruments Inc.
- Fortive Corporation
- TE Connectivity Ltd.
- Gems Sensors, Inc.
- KROHNE Messtechnik GmbH
- Pepperl+Fuchs GmbH
- SICK AG
- First Sensor AG
- Murata Manufacturing Co., Ltd.
- Yokogawa Electric Corporation
- Balluff GmbH
- ifm electronic gmbh
Level Sensor Market Recent Developments
- In 2020, Siemens launched a radar level measurement transmitter Sitrans LR250 PLA (polypropylene lens antenna) that can be used for inventory management and critical process control.
- In 2020, Endress+Hauser launched a 80 GHz IIot sensor, Micropilot FWR-30, this sensor combines user friendly digital services and high-end technology in a single cost efficient device.
Level Sensor Key Market Trends
- The development of advanced systems that give end users improved vehicle control and safety is made possible by the advancement of sensor technologies and microcontrollers in the automotive sector.
- The market for level sensors has been stimulated by the favorable industrial legislation. For instance, the Environmental Protection Agency's (EPA) requirements for power plants have boosted the demand for level sensors to monitor gas leakage. Organizations dedicated to health and safety are also striving to establish a workplace that is free of hazards and safe for workers.
Level Sensor Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our global level sensor market analysis, for the past few years, there has been fierce rivalry in the global market as well as considerable price drops. The market has been badly impacted by the sharp decline in sensor prices, which is projected to continue during the projection period. Manufacturers aim to create components with lower per-unit costs due to the relatively short lifecycle of semiconductor components. Improvements in productivity and efficiency are now more important than ever due to industry competition.
| Report Metric | Details |
|---|---|
| Market size value in 2021 | USD 3.8 billion |
| Market size value in 2030 | USD 6.7 billion |
| Growth Rate | 6.3% |
| Base year | 2023 |
| Forecast period | 2023-2030 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
Level Sensor Market Recent Developments
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Level Sensor Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Level Sensor Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Level Sensor Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Level Sensor Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Level Sensor Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Level Sensor Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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