DUBLIN--(BUSINESS WIRE)--The "Level Transmitter Market - Forecasts from 2018 to 2023" report has been added to ResearchAndMarkets.com's offering.
The level transmitter market is expected to grow at a CAGR of 4.62% over the forecast period to grow from US$2.590 billion in 2017 to US$3.397 billion in 2023.
Level transmitter is an instrument that provides continuous level measurement and is used to determine the level of a given liquid or bulk-solid at any given time. Factors such as increasing demand for wireless connectivity in level instrumentation and stringent regulations regarding water and wastewater treatment processes are driving the global level transmitter market growth. North America region accounted for the major share of global level transmitter market in 2017, where the U.S. has dominated the market on account of the presence of key market players such as Honeywell International, and General Electric Co. among others.
The market in this region will witness a significant growth during the forecast period owing to advancement in level sensing technology, coupled with mushrooming demand from end-use industry verticals such as automotive, petrochemicals, and wastewater treatment among others. Asia-Pacific region is projected to experience the highest growth rate due to rapid urbanization and industrialization in developing economies of China and India. Reduction in field engineering and construction costs incurred, along with rising demand for level sensing in industrial manufacturing will boost the demand for level transmitters.
Significant investments and new chemical, petrochemical, and refining industries in Asia Pacific will further boost the demand for level transmitters, thereby impacting the overall level transmitter market.
Scope of the Report
By Industrial Vertical
- Metals & Mining
- Oil & Gas
- General Electric
- Siemens AG
- WIKA Instrument
- Emerson Electric
- Fuji Electric
- Yokogawa Electric Corporation
- VEGA Grieshaber
- KROHNE Messtechnik
- Honeywell International
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