CHICAGO, November 15, 2018
CHICAGO, November 15, 2018 /PRNewswire/ --
According to the new market research report "Level Transmitter Market by Technology (Capacitance, Radar, Ultrasonic, Differential Pressure/Hydrostatic, Magnetostrictive, Radiometric), Industry (Oil & Gas, Chemicals, Water & Wastewater, Power, Metals & Mining), and Region - Global Forecast to 2024", published by MarketsandMarkets™, the Level Transmitter Market is expected to grow from USD 3.0 billion in 2018 to USD 3.7 billion by 2024, at a CAGR of 3.85% from 2018 to 2024. Level transmitters are very easy to install, highly robust, resistant to turbulence, and require little maintenance. The need for more accurate and reliable continuous level measurements for inventory management, process efficiency, and safety applications has driven the level transmitter market growth. Food & beverages and pharmaceuticals industries have been witnessing steady growth owing to the increasing purchasing power and rising consumer demand. Thus, the increasing demand for process automation in these industries drive the growth of the level transmitter market.
(Logo: https://mma.prnewswire.com/media/660509/MarketsandMarkets_Logo.jpg )
Don't miss out on business opportunities in Level Transmitter Market.
Speak to Our Analyst and gain crucial industry insights that will help your business grow: https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=23472700
Diffrential pressure/hydrostatic level transmitters held largest size of the overall level transmitter market in 2017
Differential pressure/hydrostatic level transmitters are one of the most commonly used technologies for measuring liquid level in process industries such as chemicals, petrochemicals, refining, and power generation. Moreover, with advantages such as robust measuring process, uninfluenced by disruptive factors such as dust, foam, vapor, buildup, and contaminants; versatility; and cost-effectiveness, differential pressure level transmitters are expected to hold the largest share of the level transmitter market during the forecast period. Differential pressure level transmitters provide reliable protection against overfilling, high measurement certainty without mechanical wear; they also provide accurate and reliable measurement even in the vacuum and high-temperature conditions. Thus, with these advantages, differential pressure level transmitters are estimated to hold a significant market share during the forecast period.
Oil & gas industry to dominate level transmitter market from 2018 to 2024
Safety and reliable level measurement is the most critical concern in the oil & gas industry. The level of the gas and water mixture must be measured quickly and reliably so that the gas drying process can be run effectively without any interruption. Moreover, oil from a well contains solid materials in the form of sand, and these solids need to be removed before further processing of the oil. Level transmitters provide high performance and cost-effective measurement of continuous level, point level, and interface in a wide range of applications in the petrochemicals and oil & gas industries. Level transmitters are used in a variety of processes in the oil & gas industry, including level monitoring to check for toxins such as methanol, isopropanol, ethylene glycol monobutyl ether (2-butoxyethanol), ethylene glycol (1,2-ethanediol), hydrotreated light petroleum distillates, and sodium hydroxide (caustic soda).
Browse in-depth TOC on "Level Transmitter Market"
66 - Tables
31 - Figures
133 - Pages
Ever-increasing population and rapid urbanization have brought changes in consumption patterns of products and services across end users in APAC. The rising demand for electricity, growing exports of chemicals, and increasing number of wastewater treatment plants are expected to drive the growth of the level transmitter market in APAC. The region produces 8,010 thousand barrels of oil daily. Considering the growing energy demand and the importance of reducing carbon emissions, APAC is expected to lay down new pipelines. For instance, China is expected to increase the total length of its pipelines to 240,000 KM by 2025 from 112,000 KM in 2015. Even India has planned to lay many intercity gas pipelines for a seamless fuel supply at a low cost. This would lead to the creation of more new pipelines and pipeline infrastructure.
In 2017 the level transmitter market was dominated by key players such as Endress+Hauser (Switzerland), Emerson Electric (US), VEGA (Germany), Siemens (Germany), and KROHNE (Germany).
Please explore relevant report "Pressure Transmitter Market" also.
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Mr. Shelly Singh
630 Dundee Road
Northbrook, IL 60062
Visit Our Web Site: https://www.marketsandmarkets.com