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

Level Sensor Market size was valued at USD 3.8 billion in 2021 and is poised to grow from USD 4.1 billion in 2022 to USD 6.7 billion by 2030, growing at a CAGR of 6.3% in the forecast period (2023-2030).

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. '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', '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.'

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

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.

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.