Press release
Level Sensor Market Size is Expected to Reach $7.36 Billion by 2026 | TE Connectivity, Texas Instruments
A new report published by Allied Market Research, titled, "Level Sensor Market by Type, Application, and End Use: Global Opportunity Analysis and Industry Forecast, 2019-2026," the global level sensor market was valued at $4.44 billion in 2018, and is projected to reach $7.36 billion by 2026, registering a CAGR of 6.50% from 2019 to 2026. In 2019, Asia Pacific dominated the market, contributing more than a 53.5% share of the overall revenue, followed by North America. Emerging advancements of level sensors, rapid adoption of industrial automation, rise in use of level sensors in the energy & power industry fuels the growth of the global level sensor market.Download Research Report Sample & TOC : https://www.alliedmarketresearch.com/request-sample/6142
Level sensor is a device that determines the level of fluids or other substances that flow in an open or closed system. There are two types of level measurements, namely, continuous and point level measurements. Factors such as emerging advancement of level sensors, rapid adoption of industrial automation, and rise in use of level sensors in the energy & power industry drive the market. However, lack of precision and accuracy of level sensors and increase in the adoption of electric vehicles hamper the market. Furthermore, the growth in the use of level sensors in the residential sector is expected to create lucrative opportunities for level sensor market during the forecast period.
Continuous level sensors are installed to measure the level within a specified range and determine an exact amount of substance. They are used in applications such as deriving flow rates, inventory management, batching, and dosing processes and provide safety and easy installation. Further, advancements and developments of continuous level sensors has constructed robust and more accurate designs for low maintenance and better reliability than previous versions.
The contact level sensor segment accounted for a significant share of the overall level sensor industry in 2018. This is attributed to the precision and low cost of these sensors in industrial applications. However, the non-contact level sensor segment is estimated to grow significantly at a CAGR of 8.20% during the level sensor market forecast period, due to increase in installation of non-contact level sensors, as many renowned companies are launching advanced technology non-contact level sensors.
Request For Customization @ https://www.alliedmarketresearch.com/request-for-customization/6142?reqfor=covid
Among various regions, Asia-Pacific is expected to be the major revenue generator in 2019 and is expected to maintain its dominance in the overall level sensor market size. This is attributed to the rise in industrial sector and its automation and act as major level sensor market trends globally.
Asia-Pacific is projected to grow at the fastest rate throughout the level sensor market analysis period, China in this region witnessed the highest demand for level sensors, due wide presence of semiconductor companies in the country and stringent government regulations associated with level sensors. Moreover, enhancement in industrial autonomy and increase in expenditure in the emerging markets such as Latin America and the Middle East to meet demand for exponentially growing economies in these countries have strengthened the level sensor market growth. Furthermore, technological advancements for cost-effective and high precision applications in these nations offer lucrative opportunity for the expansion of the level sensor market share.
The market is segmented into type, application, end use, and region. By type, it is bifurcated into contact and non-contact level sensors. By application, it is divided into continuous level monitoring and point level monitoring. The end use segment is divided into automotive, aerospace & defense, energy and power, healthcare, industrial, and others. Region-wise, it is analyzed across North America, Europe, and LAMEA. In 2018, the contact level sensor segment dominated the market in terms of revenue, owing to its cost-effectiveness compared to continuous level monitoring.
Inquiry Before Buying : https://www.alliedmarketresearch.com/purchase-enquiry/6142
Key Finding of The Level Sensor Market:
• The point level sensor segment accounted for the highest share of the market in 2018 with $2.62 billion, growing at a CAGR of 8.00% from 2019 to 2026.
• The energy & power industry generated the highest revenue, accounting for $1.10 billion in 2018.
• Asia-Pacific is expected to dominate the market, garnering 23.60% of the share during the forecast period.
The report provides a comprehensive analysis of the major market players such as ABB Ltd., AMETEK Inc., Emerson Electric Co., Endress+Hauser Management AG, Honeywell International Inc., Siemens AG, Taiwan Semiconductor Manufacturing Company Limited, TE Connectivity, Texas Instruments, and Vega Grieshaber Kg.
Report Overview: https://www.alliedmarketresearch.com/level-sensor-market
Contact:
David Correa
1209 Orange Street,
Corporation Trust Center,
Wilmington, New Castle,
Delaware 19801 USA.
Int'l: +1-503-894-6022
Toll Free: +1-800-792-5285
Fax: +1-800-792-5285
help@alliedmarketresearch.com
Web:https://www.alliedmarketresearch.com
About Us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies, and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Level Sensor Market Size is Expected to Reach $7.36 Billion by 2026 | TE Connectivity, Texas Instruments here
News-ID: 3594796 • Views: …
More Releases from Allied Market Research
![Wi-Fi as a Service Market Future Scenarios to Reach $12.21 Billion by 2027 | At a CAGR of 17.6%](https://cdn.open-pr.com/L/8/L816418686_g.jpg)
Wi-Fi as a Service Market Future Scenarios to Reach $12.21 Billion by 2027 | At …
According to a recent report published by Allied Market Research, the global Wi-Fi as a service market was valued at $3.36 billion in 2019, and is projected to reach $12.21 billion by 2027, growing at a CAGR of 17.6% from 2020 to 2027.
Wi-Fi as a service (WaaS) is majorly used to manage the Wi-Fi operations and it generally comprises WLAN configuration, network implementation, hardware & software management, and network…
![Location Analytics Market Expected to Reach $31.13 Billion by 2027 | Top Players, Application and Forecast to 2032](https://cdn.open-pr.com/L/8/L816169046_g.jpg)
Location Analytics Market Expected to Reach $31.13 Billion by 2027 | Top Players …
According to a recent report published by Allied Market Research, The global location analytics market size was valued at $10.29 billion in 2019, and is projected to reach $31.13 billion by 2027, registering a CAGR of 15.5% from 2020 to 2027.
The growth of the global location analytics market is mainly driven by the proliferation of smartphones and upsurge in usage of GPS-enabled devices. In addition to this, factors such as…
![Cloud Orchestration Market to generate $105.07 billion by 2030, with a CAGR of 21.4%](https://cdn.open-pr.com/L/8/L816832817_g.jpg)
Cloud Orchestration Market to generate $105.07 billion by 2030, with a CAGR of 2 …
The cloud orchestration market size was valued at $14.98 billion in 2020, and is projected to reach $105.07 billion by 2030, registering a CAGR of 21.4%.
Asia-Pacific is expected to observe highest growth rate during the forecast period, due to the proliferation of connected systems fueled by ongoing trend of smart offices and homes in the region coupled with the government-driven infrastructural projects. The data generated by edge devices in different…
![Sports Tourism Market is Probable to Influence the Value of $1,803,704.0 million by 2030, Size, Share, Trends and Growth](https://cdn.open-pr.com/L/8/L816917093_g.jpg)
Sports Tourism Market is Probable to Influence the Value of $1,803,704.0 million …
The global sports tourism market size was valued at $323,420.0 million in 2020, and is projected to reach $1,803,704.0 million by 2030, registering a CAGR of 16.1% from 2021 to 2030
Get Sample PDF Of This Report: https://www.alliedmarketresearch.com/request-sample/13441
Sports tourism is defined as travel that includes either observing or participating in a sporting event while away from the tourists' usual surroundings. Traveling from one region, country, or state to…
More Releases for Level
Level Transmitters Market 2022| Industry Growth Rate, Trends, Future Opportunity …
Global Level Transmitters Market research is an intelligence report with meticulous efforts undertaken to study the right and valuable information. The data which has been looked upon is done considering both, the existing top players and the upcoming competitors. Business strategies of the key players and the new entering market industries are studied in detail. Well explained SWOT analysis, revenue share and contact information are shared in this report analysis.…
Multi-level liquid level switch Market Size, Share, Development by 2024
Global Info Research offers a latest published report on Multi-level liquid level switch Market Analysis and Forecast 2019-2025 delivering key insights and providing a competitive advantage to clients through a detailed report. This report focuses on the key global Multi-level liquid level switch players, to define, describe and analyze the value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Multi-level liquid level…
Level Sensor Market Share, Growth, Trends and Forecast 2018 - 2026: By Applicati …
Global Level Sensor Market: Snapshot
Global Level Sensor Market report provides analysis for the period 2016 – 2026, wherein the period from 2018 to 2026 is the forecast and 2017 is the base year. The data for 2016 has been included as historical information. The level sensor report covers all the sensor types, technology, applications and industry verticals playing significant role in the global level sensor market’s growth over the forecast…
Level Gauge Market Report 2018: Segmentation by Type (Tank Level, Fuel Level, Wa …
Global Level Gauge market research report provides company profile for ABB Measurement & Analytics, Barksdale Control Products, jbj Techniques Limited, JOGLER, Inc., Keller America, Inc., KOBOLD Instruments, Inc., Krohne Ltd., Krueger Sentry Gauge Co., OMEGA Engineering, Inc., SensorsONE, Ltd. and Others.
This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of…
¬Water Level Monitoring Using a Druck Depth/Level Sensor
In this Tech Article from CAS DataLoggers and dataTaker, we describe the process of connecting the Druck PTX 1830 depth/level sensor to a dataTaker DT8x series data logger. These two components can function as a water level monitoring logger and record depth measurements. The Druck sensor outputs a 4-20mA signal and can be powered by the dataTaker’s switchable 12V regulated voltage output.
Equipment required:
• dataTaker DT8x data logger
• Druck PTX 1830…
New Research Report: Self-Driving Truck Market by Level of Autonomy (Level One, …
Self-driving trucks are also known as autonomous trucks and robotic trucks. This truck has all the key capabilities of a traditional truck. The self-driving system allows the truck to drive itself using infrared radar, LIDAR (laser radar), cameras, sophisticated motion sensors, incredibly accurate sensors and sophisticated algorithms. Self-driving trucks are completely electric, so gas and energy are significantly less than conventional trucks. This in turn helps to reduce pollution leading…