Axiom MRC has updated all it's market research reports with the Economic Impact Analysis of COVID19 Pandemic on the market. Our team of analyst are following Comprehensive Three Dimensional (3D) Research Methodology along with large number primary interviews with key industry participants to bring insightful market reports to meet the current market requirements.
A level transmitter is an instrument that provides constant level measurement. This transmitter can be used to measure the level of a bulk-solid or liquid at any given time. Levels of media such as fuels, viscous fluids, and water, or dry media such as powders and bulk solids can be measured using the level transmitter. These transmitters are used in a numerous applications that require level measurement within tanks or containers. These transmitters often find their application in food and beverage, material handling, chemical, power, and water treatment industries.
The level transmitter market has been seeing ample growth from the past few years. The growth of the level transmitter is primarily driven by factors such as increased demand for level transmitters in food & beverages and pharmaceuticals industries, ongoing development of wireless level transmitters, increased focus on optimum utilization of resources and industrial automation, and several government regulations regarding industrial safety. However, factors such as difficulties related to high-level measurement in tanks with floating roofs is major restraining factor that could hamper the growth of the market.
The exclusive COVID 19 impact analysis report by Axiom MRC provides a 3600 analysis of micro and macro-economic factors on the level transmitter market. In addition, complete analysis of changes on level transmitter market expenditure, economic and international policies on supply and demand side. The report also studies the impact of pandemic on global economies, international trade, business investments, GDP and marketing strategies of key players present in the market. COVID-19 impact on the level transmitter market was moderate owing to the decline in demand from chemical, oil and gas, food and beverage and pharmaceutical industries.
The study analyses global level transmitter market based on technology, type, industry and geography.
Based on technology, the market is segmented into capacitive, differential pressure/hydrostatic, magnetostrictive, radar, radiometric, ultrasonic, and others. Magnetostrictive level transmitter segment dominated the market in 2020 and is likely to maintain its dominance at a considerable growth rate during the forecast period. A growing adoption of magnetostrictive level transmitter in a variety of industrial applications as it offers safety, accuracy, and reliability even in the harshest environments is major driving factor behind the growth of this segment.
Types such as contact and non-contact level transmitters are covered in the global level transmitter market report. The non-contact type level transmitter segment dominated the market in 2020 and is expected to maintain its dominance during the forecast period. The non-contact type level transmitters use wear-free technology, it contains no friction on the moving parts, this eliminates wear and tear and mechanical failure. Thus it has been widely used in several industries for level measurement application, which is propelling the growth of the segment.
Based on industry, oil and gas segment is projected to witness rapid growth during the forecast period. An increasing demand for accurate level measurement, increasing application areas of level transmitters in several oil and gas level measurement systems, and a surge in the demand to prevent overflow and oil in the tank or containers are key factors that accredited to the growth of the segment.
Geographically, the study is comprised of the key countries of North America, Europe, Asia-Pacific and Rest of the World. North America held the largest market share of global Level Transmitter market and is likely to dominate the market over the estimated time frame. Technological advancements in various industrial, level measurement equipment and level monitoring technologies, increased funding and investment in the research and development activities in the field of industrial automation, and the vast presence of many leading level transmitter manufacturing companies across the region are some of the major factors that accredited to the market growth in the region.
The major key players of market includes ABB, Ametek, Dwyer Instruments, Emerson Electric, Endress+Hauser, Honeywell International, Krohne Messtechnik, Magnetrol International, Schneider Electric, Siemens, Sor Inc, Vega Grieshaber, Wika, Yokogawa Electric, Spectris (Omega Engineering), Bürkert, Gf Piping Systems, L&J Technologies, Viatran, and Monitor Technologies Llc.
The study analyses global level transmitter market based on technology, type, industry and geography. Level Transmitter market by technology is segmented into capacitive, differential pressure/hydrostatic, magnetostrictive, radar, radiometric, ultrasonic, and others. The magnetostrictive segment is likely to dominate the market over the forecast period. Increased adoption of magnetostrictive level transmitters owing to its several benefits such as low cost and high resistance property is attributed to the market growth. By type, the market is segmented into contact and non-contact. The market finds application in industries such as chemicals, food & beverages, metals & mining, oil & gas, pharmaceuticals, power, water & wastewater, others. The oil & gas industry is likely to register fastest growth in years to come owing to the growing adoption of level transmitters in oil and gas sector across the globe. Geographically, the study is comprised of the key countries of North America, Europe, Asia-Pacific and Rest of the World.
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