Industry Insights
Increasing technological competence and increasing usage in different
application segment are expected to drive the level sensors market over
the forecast period. Rf admittance, capacitance, ultrasonic, radar,
different pressure, bubblers and nuclear levels are the example of few
applications where level sensors are used. Demand of these applications
is expected to augment the market growth. Remote and ultrasonic level
sensors are expected to witness high growth due to sensitivity,
reliability, versatility and compactness owing to emerging application
needs.
Furthermore, microcontroller based level sensors are expected to
provide the scope for the market growth in coming years. Easily
available level sensors owing to large number of suppliers,
miniaturization of level sensors, fast growing Asian economies,
government regulations fuel the growth of the industrial & power
sector and vehicle production globally using multipurpose level sensors
are the prominent drivers of the level market sensors.
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However, overlapping technologies for the same applications,
increasing MNC competition & acquisition of small & big level
sensor manufacturers, maturity of the critical end-user segment and
adoption of thin film technology are expected to hamper the market
growth. R & D on nanotechnology applications and upcoming ICT
enabled advancements are projected as opportunities for the market
growth. Accurate measurement is a major challenge for the growth of the
market.
Application Insights
A wide range of level sensors application includes automotive,
process industries, environmental, medical and consumer electronics. The
healthcare and automotive industries are expected to witness the
highest growth over the forecast period due to various usages of level
sensors in said field. Automotive industry makes use of level sensors in
measuring fuel level & cooling water, engine oil, windshield
cleaning liquid and brake& power steering liquid. Furthermore,
process industries require robust level sensors owing to its usage in
harsh environment. Increasing usage of level sensors in environmental
applications such as water and waste water administration is expected to
augment the market growth over the forecast period.
Industries make use of level sensors in level sensing in water
treatment tanks and storage as well as transport tanks for liquids with
different tanks in nutrition and agricultural segments.
Consumer/household applications make use of level sensors in water
dispensers & evaporators, coffee machines, steamers, squeezers,
fridges & freezers, boilers, washing machines, heating systems,
steam irons and dishwashers. Increasing usage of these applications are
expected to impact significantly on the market growth in coming years.
Regional Insights
Asia pacific is projected as key regional market due to existence of
large automotive industries in countries such as Japan, China and India.
Large number of semiconductor manufacturers in China, Japan and Korea
is expected to spur the Asia Pacific region market. Asia Pacific is
expected to witness the highest growth due to availability of low cost
labour and establishment of production facilities. In addition to that,
growing concerns about environment specifically in water management in
are expected to fuel the regional market growth over the forecast
period. The U.S. market is expected to adopt the pace in the growth of
the level sensors market in North America.
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Competitive Insights
Liquid level sensors players include AMETEK Inc., ABB Ltd., Emerson
Electric Co., Standex-Meder Electronics, GEMS Sensors and Controls Co.,
Siemens AG, MTS Sensor and Infineon Technologies AG. Solid Applied
Technologies Ltd. provides ultrasonic and remote sensors for diesel oil
tanks, water, wastewater, food & beverage, chemical liquids and
agricultural solids.
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