Level Transmitter Market Research : Revenues to Go Up In The Forthcoming Years (SARS-CoV-2, Covid-19 Analysis)
Level Transmitter Market Research
A new market study, titled “Level Transmitter Market Research ” has been featured on Market Research Future.
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The need for continuous monitoring and measurement of liquid and solid levels in industries are primarily responsible for growth in level transmitter market. Wide adoption of level transmitters for accurate level measurements in water treatment plants, oil & gas, and chemical industries is fuelling the market growth.
The market for global level transmitter is classified into type, technology, industry, and region. Lack of skilled resources and low level of knowledge regarding level transmitters are hindering the market growth.
Regional Analysis
The global level transmitters market is studied for North America, Europe, Asia Pacific, and Rest of the World. North America holds the major market share for global level transmitters. The rise in infrastructural facilities and industrial automation are increasing the demand for level transmitters in the region.
Asia Pacific is expected to show significant growth rate through the forecast period. The evolution of industry 4.0, demand for accurate level detectors, and rising investments are driving the level transmitters market in this region. In May 2016, Yokogawa Electric Corporation, a Japanese electrical engineering and Software Company, released EJXC40A Digital level transmitter, which is used for measurement of liquid levels in large tanks. The transmitter consists of two pressure sensors connected by a cable that helps in determining flow rate and level of liquids in pressurised tanks. These transmitters can be majorly deployed in process manufacturing industries, such as petrochemicals, power, and oil & natural gas. Key players in the market of level transmitters are Emerson Electric, Yokogawa, and Rockwell automation are increasingly seeking market expansion through various mergers & acquisitions and innovation in existing product portfolio to withstand competition.
Some of the key players in the global level transmitter market are ABB Ltd. (Switzerland), Emerson Electric Co. (U.S.), Siemens AG (Germany), Yokogawa Electric Corporation (Japan), Honeywell International Inc. (U.S.), General Electric (U.S.), Schneider Electric (France), Rockwell Automation (U.S.), Endress+Hauser Consult AG (Switzerland), Fuji Electric Co., Ltd.(Japan), Vega Grieshaber Kg (Germany), Wika Instrument, LP (U.S.), Magnetrol International (U.S.) among others.
Industry Trend:
Emerson Electric has launched a series of non-contacting radar transmitters. Their new model Rosemount 5400 Level Transmitter checks the fluid level without altering its physical properties such as viscosity and density. In addition, it can decode solid substances of uneven shapes as well.
Market Insight:
The global market depends heavily on strategical implementations of various companies that include merger, acquisition and other methods. These tactical moves help countries to stay afloat and expand the horizon for the market. For instance, ABB Ltd. is acquiring AB Rotech which can be beneficial for the former regarding infrastructural development. At the same time, its also going to help the market enjoy growth and prosperity. Emerson Electric Co. buying Textron can also be considered exemplary.
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