Level Transmitter Market Growth Drivers, Opportunities and Forecast Analysis to forecast year 2022 (SARS-CoV-2, Covid-19 Analysis)
Level Transmitter Market
A new market study, titled “Level Transmitter Market” has been featured on Market Research Future.
Level Transmitters are used in measuring the level or solid continually. The global level transmitter market is thriving on a level transmitter’s ability to inform constantly which has helped in constant monitoring, and wireless detection. Unlike, level switches, which only raises the alarm when the component reaches a pre-defined state, level transmitters assist in timely actions by updating controllers on a regular basis. The global level transmitter market is anticipated to touch down USD 4 billion valuation mark by 2023 with a robust 7% CAGR during the forecast period (2017-2023). Market Research Future’s (MRFR) report includes its ease of installation and remote deployment as chief drivers that can take the market ahead. Furthermore, it is percolating diverse sectors such as treatment plants, oil, and gas, water and wastewater management, chemicals, food, and beverages, etc. which can promote the level transmitter market further.
On the downside, lack of skilled workers and an inefficient networking system can bottleneck the market for a considerable time. At the same time, regions such as Latin America and Africa are not much aware of the product which prohibits the level transmitter market from increasing its reach across the globe.
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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.
Segmentation:
The global level transmitter market can be segmented by type, technology, and industry.
Based on type, the level transmitter market can be segmented into capacitance, ultrasonic, differential pressure, radar, displacer, and magnetostrictive.
Technology-wise, the level transmitter market includes contact type or point level, and non-contact type, or continuous level.
Regional Analysis:
Geographic analysis of the level transmitter market includes regions, namely North America, Europe, Asia Pacific (APAC), and Rest-of-the-World (RoW).
North America is steering the market ahead with its industry reaching 4.0, integration of industrial automation, large customer base, and presence of several market influencers have created enough scope for level transmitters to enjoy substantial growth. The region has a superior infrastructure which is aptly backing the very core of the level transmitter market.
Key players impacting 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.), and others.
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