The level sensors market is expected to reach $4.89 billion by 2022, at a CAGR of 5.4% between 2016 and 2022. The increasing government regulations for controlling pollution, gradual decrease in sensor sizes, increasing production of vehicles, and the economic growth of Asian countries such as China and India are the major factors driving the growth of this market. Complete report on level sensors market spread across 171 pages, profiling 12 companies and supported with 79 tables and 68 figures is now available at http://www.rnrmarketresearch.com/level-sensors-market-global-forecast-analysis-focus-on-technologies-contact-type-magnetostrictive-vibratory-probe-hydrostatic-magnetic-float-and-non-contact-type-ultrasonic-radar-optical-market-report.html .
APAC is expected to be the fastest-growing level sensors market during the forecast period. Industrial manufacturing and oil & gas are major sectors driving the growth of the level sensors market in APAC. China and India are the leading countries in the level sensors market in this region. The growing industrialization and government initiatives in these countries are further expected to drive the market in APAC. Currently, North America holds the second-largest share of the level sensors market. It is the most technologically-advanced market for level sensors owing to the greater penetration of these systems in this region. Furthermore, the U.S. invests heavily in the petroleum and aerospace sectors.
To determine and verify the market size for several segments and subsegments of the level sensors market gathered through the secondary research, extensive primary interviews have been conducted with key people. The break-up of the profiles of primary participants is shown below:
- By Company Type: Tier 1 – 55%, Tier 2 – 20%, and Tier 3 – 25%
- By Designation: C level – 60%, Director level – 25%, Others – 15%
- By Region: North America – 10%, Europe – 20%, APAC – 40%, RoW – 30%
The report profiles the major players in the level sensors market namely, ABB Ltd. (Switzerland), AMETEK, Inc. (U.S.), Emerson Electric Co. (U.S.), Endress+Hauser AG (Switzerland), First Sensor AG (Germany), GEMS Sensors and Controls Co. (U.S.), Honeywell International Inc. (U.S.), KROHNE Messtechnik GMBH (Germany), Pepperl + Fuchs GmbH (Germany), Siemens AG (Germany), VEGA Grieshbaer KG (Germany), and Nohken Inc. (Japan). Priced at $4650 for a single user PDF, Inquire Before Buying on “Level Sensors Market by Technology (Contact Type and Non-Contact Type), End-User Industry (Oil & Gas, Chemical and Others), Monitoring Type (Point & Continuous) and Geography - Global Trends & Forecast to 2022” research report can be requested at http://www.rnrmarketresearch.com/contacts/inquire-before-buying?rname=68047 .
Industrial manufacturing is expected to lead the end-user industry segment of the level sensor market during the forecast period. The market for industrial manufacturing is expected to grow at the highest CAGR among all end-user industries. The growth in the industry can be attributed to the increasing integration of automation systems in the manufacturing sector. The increasing worldwide production of vehicles is also a major contributor to the growth of this market.
On a related note, another research titled Temperature Sensors Market Global Forecast to 2022 says, the temperature sensors market is expected to grow from $5.13 billion in 2016 to $6.79 billion by 2022, at estimated CAGR of 4.8% between 2016 and 2022. The North American market is expected to hold the major market share between 2016 and 2022 owing to the growing demand for smart homes and in-home weather stations in the U.S. Companies like Texas Instruments Incorporated (U.S.), Analog Devices, Inc. (U.S.), ABB Ltd. (Switzerland), Honeywell International Inc. (U.S.), Maxim Integrated Products Inc. (U.S.), Siemens AG (Germany), Danaher Corporation (U.S.), Kongsberg Gruppen (Norway), TE Connectivity Ltd. (U.S.), Emerson Electric Company (U.S.), Panasonic Corporation (Japan), General Electric Company (U.S.), STMicroelectronics N.V. (Switzerland), Microchip Technology Incorporated (U.S.) and NXP Semiconductors N.V. (Netherlands) have been profiled in this 202 pages research report available at http://www.rnrmarketresearch.com/temperature-sensor-market-a-study-of-sensor-types-temperature-ics-thermistor-resistive-temperature-detectors-rtds-thermocouple-and-ir-sensor-applications-global-forecast-analysis-2011-market-report.html .
Explore more reports on Sensors market at http://www.rnrmarketresearch.com/reports/information-technology-telecommunication/electronics/sensors .
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