Level Sensors Market - 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. 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.
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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.
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.
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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.
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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