The Global Level Sensors Market is expected to reach USD 4.87 billion by 2020, according to a new study by Grand View Research, Inc. Increasing global demand in application segments, particularly in process industries and automobiles is expected to drive the level sensors market over the forecast period. Environmental applications are also expected to grow considerably over the forecast period.
Technology advancements for better efficiency such as ultrasonic, radar and remote level sensors are expected to growth over the next six years. Contact type sensors such as magnetic and vibratory level sensors dominate the level sensors market. However, the use of non-contact sensor is expected to grow at a considerable rate particularly in hazardous environments. Level sensors are increasingly reducing in size for their use in remote applications and integration in electronic devices particularly in industrial and consumer electronics applications.
View
summary of this report @ http://www.grandviewresearch.com/industry-analysis/level-sensors-market
Further key findings from the study suggest:
·
Process industries, environmental and automotive
applications are expected to be key segments over the forecast period. Water
treatment in developed and developing nations is a significant market for level
sensors, which includes solutions designed for sewer water, gray water,
industrial effluent and clean water.
·
Increasing concerns to avoid water wastage has
pushed manufacturers towards more efficient applications. These sensors are
also used to get information on reusability of water, which is evident in newer
consumer appliance designs such as smart washing machines to maintain certain
water levels in the wash cycle by using fluid sensors.
·
The North America level sensors market accounted
for over 25% of the global demand but is expected to grow at a sluggish rate
over the forecast period. Asia Pacific is expected to be the key regional
segment over the next six years and will be driven by technology advancements
increasing demand for high-performance sensors used for environmental and
process industries applications.
·
Water and wastewater management is expected to
be the dominant application sub-segment, which includes drinking water, sea
water desalination, sewage, raw water, industrial effluent etc. In developed
economies such as Germany, UK and U.S. waste water and industrial water
treatments is expected to be major segments owing to strict environmental
regulations for conserving water.
·
Key market players include Ametek Inc, ABB Ltd.,
Emerson Electric Co., GEMS Sensors and Controls Co., Siemens AG, MTS Sensor,
Infineon Technologies AG and Standex-Meder Electronics. Cost efficient and
differentiated products are expected to be the key success factor for market
players.
Browse
more reports of this category by Grand View Research: http://www.grandviewresearch.com/industry/sensors-and-controls
For the purpose of this study, Grand View Research has segmented the global level sensors market on the basis of application and region:
Level Sensors Application Outlook (Revenue, USD Million, 2012 - 2020)
- Automotive
- Consumer Electronics
- Environmental
- Healthcare & Medical
- Process Industries
- Others
- North America
- Europe
- Asia Pacific
- RoW
About Grand View
Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, the
company offers market intelligence studies ensuring relevant and fact-based
research across a range of industries including technology, chemicals,
materials, healthcare and energy.
Contact:
Sherry
James
Corporate
Sales Specialist, U.S.A.
Grand
View Research, Inc.
United
States
Phone: 1-415-349-0058
Toll
Free: 1-888-202-9519
Email: sales@grandviewresearch.com
No comments:
Post a Comment