Global Level Sensors Market - Segmented By Type (Continuous Level, Point Level), By Technology (Magnetostrictive, Hydrostatic, Ultrasonic) End User (Power Generation, Food Processing, Oil and Gas), Region - Growth, Trends, and Forecast (2018 - 2023)
|発行||Mordor Intelligence LLP||商品コード||704847|
|出版日||ページ情報||英文 86 Pages
|世界のレベルセンサー市場：種類（連続式、ポイント式）、技術（磁歪式、差圧式、超音波式）、エンドユーザー（発電、食品加工、石油・ガス）、地域別（2018年〜2023年） Global Level Sensors Market - Segmented By Type (Continuous Level, Point Level), By Technology (Magnetostrictive, Hydrostatic, Ultrasonic) End User (Power Generation, Food Processing, Oil and Gas), Region - Growth, Trends, and Forecast (2018 - 2023)|
|出版日: 2018年08月18日||ページ情報: 英文 86 Pages||
The level sensor market was valued at USD 3.77 billion in 2017, and is expected to reach USD 5.19 billion by 2023, recording a CAGR of 5.48%, over the forecast period of 2018-2023. The scope of the report covers level sensors as standalone units and not products that have these sensors integrated into them.
The rising demand for intelligent sensors to equip microprocessors and provide greater visibility the performance of the machine/instrument has created an increased focus on the adoption of level sensors. The stringent regulations in developed regions, such as the United Kingdom, Germany, and the United States, in addition to supportive government initiatives, are anticipated to increase the adoption of water treatment technologies, in emerging economies. The ability to offer higher accuracy, efficiency, easy installation, and maintenance is anticipated to drive the growth of the level sensor market.
Precision and accuracy in level measurement are critical in drug manufacturing. Ensuring that the final product is within required tolerances, which were not traditionally easy, is made possible with the use of level sensors. Drug manufacturers face several challenges related to level measurement (including calibration verification by ISO/FDA standards, the reliability of the system under changing process conditions, and conformance to bioprocess standards), which have augmented the demand for level sensing. Therefore, pharmaceutical companies are focusing on being certified by government agencies, maintaining flawless processes, and complying with the standards of various health-related international organizations. Further, with the adoption of automation across pharmaceutical industries, the need for level sensors has witnessed a significant growth.
North America is expected to account for the largest share of the market studied, driven by the increased investments in automation and focus on efficiency of processes, across the pharmaceutical, oil and gas, and food processing industries. The growth of the Asia-Pacific segment is projected to be spurred by the presence of a considerable number of sensor manufacturers in Korea, China, and Japan. Further, the rising concern toward the environment and focus on water and water management projects are expected to positively influence the market's growth, in this region. The Europe segment is anticipated to record healthy growth, owing to the evolving regulatory landscape in the region, which has forced manufacturers to focus on greater quality and accuracy, in the pharmaceutical and food industries.
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