Level Sensor Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

Coverage: Level Sensor Market covers analysis by Technology, Monitoring Types and Applications, and Geography (North America, Europe, Asia Pacific, and South and Central America)

Publication Month : Mar 2024

  • Report Code : TIPTE100000126
  • Category : Electronics and Semiconductor
  • Status : Upcoming
  • No. of Pages : 150
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Level sensors are used to detect the level of liquids, fluids and fluidized solids. Level sensors include various sensing technologies and applications types. On a broader level, the level sensors market is divided into two categories as still-level sensors market (fluidized solid materials) and flow-level sensors market (liquids objects).

With advancement in digital electronics, level sensor products features such as user friendly, reliability, easy accessibility and cost reduction have been enhanced which is analyzed to drive the growth of the level sensor market. Additionally, government regulations within the industrial and power sectors are further expected to drive the global level sensor market. Implementation of multipurpose level sensors for manufacturing and vehicle production industries further adds to growth of the level sensor market. Another factor leading to significant growth of the level sensor market is miniaturization of level sensors.

With rapid growth and presence of a number of manufacturing industries within APAC, the level sensor market in APAC is expected to foster during the forecast period. Although, the current market is dominated by contact based level sensors, strong growth in non-contact based level sensing segment is expected during the forecast period. Organizations are coming up more advanced non-contact based level sensors such as microwave, load cells, ultrasonic, laser, optical, and nuclear level sensors, which are beneficial over contact based level sensors.

With more emphasis on research and development (R&D) for nanotechnology and enhancing the level sensing applications and products to match the enhancement in technologies, the global level sensor market is expected to foster significantly. Multinational companies such as Siemens AG, ABB Ltd., Emerson Electric Co., Honeywell Sensing & Control including others are investing heavily in acquisitions and R&D activities for innovative development within the non-contact based level sensing technologies. However, wide usage of thin film technology for production of sensing products hinders the level sensor market. Implementation of different technologies for manufacturing of similar level sensing products is another major issue faced by the suppliers.

The global level sensor market has been bifurcated on basis of technology into contact based level sensors and non-contact based level sensors. Furthermore, the market has been segmented based on monitoring type as level sensors monitoring for solids, level sensors monitoring for liquid, and level sensors monitoring for both solids & liquids. Additionally the global level sensor market has been classified by applications, namely: consumer sector, ICT & computing sector, industrial sector, automotive & transportation sector, energy & utility sector, healthcare sector, agricultural sector, and military & defense sector.

The global level sensor market has been divided into five regions based on geography as North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA) and South America (SAM). With a number of advanced manufacturing units, North America leads the global level sensor market. Government progressive initiatives in developing nations such as China, India, and Brazil for waste water treatment are expected to drive the level sensor market. Asia Pacific (APAC) is believed to be the key region for global level sensor market, owing to technology advancements and increasing demand for high performance sensors.

Some of the key players operating within the global level sensor market include Pepperl+Fuchs AG, Vega GmbH, Gems Sensors & Control Co., Magnetrol International, Inc., Honeywell International, Inc., Endress+ Hauser AG, ABB Ltd., and Siemens AG among others.


REGIONAL FRAMEWORK
World Geography

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Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

This text is related
to segments covered.

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

This text is related
to country scope.

1 Table of Contents

1.1 List of Tables
1.2 List of Figures

2 Introduction

2.1 TIP Research Report Guidance

3 Key Takeaways


4 Level Sensor Market Landscape

4.1 Overview
4.2 Definitions
4.3 Value Chain Analysis

5 Level Sensor Market - Key Industry Dynamics

5.1 Key Market Drivers
5.2 Key Market Restraints
5.3 Key Market Opportunities
5.4 Future Trends

6 Level Sensor Market - Five Forces Analysis

6.1 Overview
6.2 Global Level Sensor Market - Five Forces Analysis

7 Global Level Sensor Market Analysis

7.1 Global Sales Revenue and Forecasts to 2028
7.2 Global Level Sensor Market, Competitive Landscape
7.2.1 Market Share or Market Positioning of Key Players, 2014

8 Global Level Sensor Market Revenue and Forecasts to 2028 - Technology

8.1 Overview
8.1.1 Segment Share (%), 2014 & 2025
8.2 Contact Based Level Sensors
8.3 Non-Contact Based Level Sensors

9 Global Level Sensor Market Revenue and Forecasts to 2028 - Monitoring Type

9.1 Overview
9.1.1 Segment Share (%), 2014 & 2025
9.2 Monitoring for Solids
9.3 Monitoring for Liquids
9.4 Monitoring for Both Solids & Liquids

10 Global Level Sensor Market Revenue and Forecasts to 2028 - Applications

10.1 Overview
10.1.1 Segment Share (%), 2014 & 2025
10.2 Consumer Sector
10.3 ICT & Computing Sector
10.4 Industrial Sector
10.5 Automotive & Transportation Sector
10.6 Energy & Utility Sector
10.7 Healthcare Sector
10.8 Agricultural Sector
10.9 Military & Defense Sector

11 Global Level Sensor Market Revenue and Forecasts to 2028 - Geographical Analysis

11.1 Overview
11.1.1 Segment Share (%), 2014 & 2025
11.2 North America
11.2.1 U.S.
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 France
11.3.2 Germany
11.3.3 Italy
11.3.4 Spain
11.3.5 UK
11.3.6 Rest of Europe
11.4 Asia Pacific (APAC)
11.4.1 Japan
11.4.2 China
11.4.3 India
11.4.4 Australia
11.4.5 Rest of APAC
11.5 Middle East & Africa (MEA)
11.5.1 Saudi Arabia
11.5.2 UAE
11.5.3 South Africa
11.5.4 Rest of MEA
11.6 South America (SAM)
11.6.1 Brazil
11.6.2 Rest of SAM

12 Global Level Sensor Market, Key Company Profiles

12.1 Pepperl+Fuchs AG
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Financial Overview
12.1.4 SWOT Analysis
12.1.5 Key Developments
12.2 Mass International
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Financial Overview
12.2.4 SWOT Analysis
12.2.5 Key Developments
12.3 Vega GmbH
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Financial Overview
12.3.4 SWOT Analysis
12.3.5 Key Developments
12.4 Gems Sensors & Control Co.
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Financial Overview
12.4.4 SWOT Analysis
12.4.5 Key Developments
12.5 Magnetrol International, Inc.
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Financial Overview
12.5.4 SWOT Analysis
12.5.5 Key Developments
12.6 Honeywell International, Inc.
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Financial Overview
12.6.4 SWOT Analysis
12.6.5 Key Developments
12.7 Endress+ Hauser AG
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Financial Overview
12.7.4 SWOT Analysis
12.7.5 Key Developments
12.8 ABB Ltd.
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Financial Overview
12.8.4 SWOT Analysis
12.8.5 Key Developments
12.9 Siemens AG
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Financial Overview
12.9.4 SWOT Analysis
12.9.5 Key Developments

13 Appendix

13.1 About TIP
13.2 Glossary of Terms
13.3 Methodology
13.3.1 Coverage
13.3.2 Secondary Research
13.3.3 Primary Research
13.4 Contact Us
13.5 Disclaimer
Companies Mentioned

- Pepperl+Fuchs AG
- Mass International
- Vega GmbH
- Gems Sensors & Control Co.
- Magnetrol International, Inc.
- Honeywell International, Inc.
- Endress+ Hauser AG
- ABB Ltd.
- Siemens A

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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