Level Measuring Equipment Market size shall reach a value of $2x61.4 Million in 2027, growing with a CAGR of 12.13% during the forecast period of 2020 to 2027.
Market Definition / Research Scope
Level measuring equipment are tools used for accurate continuous measurements of fluid or gas in a container, in various industries. There are two types; Analog and Digital. Digital equipments are currently more in use as they are easy to read and provide more accurate results compared to analog. They are efficient in monitoring levels of fluid to measure pressure level and electrochemical level.
They are applied in monitoring fluid levels and pressure levels in power plants, manufacturing and oil & gas industry so as to enhance productivity and safety.
Manufacturers of the equipment are adopting two strategies of operation which are; new product developments with advanced technology, and acquisitions so as to cater for high market demands. The market is very consolidated having the top players controlling 25-30% of the market. Demand is expected to rise in regions like Middle East and Africa due to growth in gas sector, in North America due to increase in the use of advanced level measuring equipment, Europe because of high demand for automobiles and Asia Pacific because of the increased infrastructure.
Level measuring equipments are applied in the construction sector in wall and floor construction to accurately measure slope and constant wall height over its length. They are also applied in semi-conductors, IT & communications, automotive, manufacturing and fabrication, water and waste water treatment, etc.
Level Measuring Equipment Market Growth and Trends
Level measuring equipment refer to volumetric glass devices for measuring the amount of fluid in a particular container. These equipment are usually marked with measurement units for accurate readings. These equipment are of two types: analog and digital. The contemporary scenario witnesses their accelerating owing to the below mentioned factors.
• Oil and gas manufacturing and harnessing industries across the world employ the utility of these devices. This is mainly because of their crisp and precise accuracy to cater to needful fluid deliveries. The annual turnover of oil and gas has reached a value of 3.3 trillion dollars, making around 3.8% of the global economy.
• Chemical manufacturing firms, laboratories and research institutes order these equipment in massive numbers for their everyday experiments.
• Further, construction industries too aren’t far behind when it comes to using level measuring instruments while amalgamating their concrete materials.
Challenges to Level Measuring Equipment Market
The demand for level measuring equipment anticipates facing a setback due to the following limitations:
• A dearth of trained and skilled technicians and lab assistants, especially in the underdeveloped suburb, may hamper their market in the forecast period.
Level Measuring Equipment Market Regional Analysis
Level Measuring Equipment Market Share and Competition
Key companies operating in this industry are: ABB, Baumer, Emerson Electric Co., Endress+Hauser Management AG, Flowline, Klay Instruments B.V., Nivus GmbH, OMEGA Engineering Inc., Sapcon Instruments (P) Ltd., Siemens AG, and VEGA India Level and pressure measurement Pvt. Ltd. Other industries in this domain that is growing at a high CAGR include Polypropylene NonWoven Market and Data Center Fabric Market.
Level Measuring Equipment Market Research Report Analysis Highlights
• Historical data available (as per request)
• Estimation/projections/forecast for revenue and unit sales (2020 – 2027)
• Data breakdown for every market segment (2020 – 2027)
• Gross margin and profitability analysis of companies
• Price analysis of each product type
• Business trend and expansion analysis
• Import and export analysis
• Competition analysis/market share
• Supply chain analysis
• Client list and case studies
• Market entry strategy
Industry Segmentation and Revenue Breakdown
Product Type Analysis (Revenue, USD Million, 2020 - 2027)
• Level Gauge
• Float type
• Hydrostatic Pressure Measurement
• Displacement Type
• Echo Type
• Ultrasonic Type
Measuring Technique Analysis (Revenue, USD Million, 2020 - 2027)
• Continuous Level
• Point Level
• Infill Prevention
• Solids measurement
Types Analysis (Revenue, USD Million, 2020 - 2027)
Industry Analysis (Revenue, USD Million, 2020 - 2027)
• Oil and Gas
• Manufacturing and Fabrication
• Water and Wastewater Treatment Plants
Region Analysis (Revenue, USD Million, 2020 - 2027)
• United States
• United Kingdom
• South Korea
• Middle East
• Rest of World
Level Measuring Equipment Market Companies
• Emerson Electric Co.
• Endress+Hauser Management AG
• Klay Instruments B.V.
• Nivus GmbH
• OMEGA Engineering Inc.
• Sapcon Instruments (P) Ltd.
• Siemens AG
• VEGA India Level and pressure measurement Pvt. Ltd.
Available Versions: -
United States Level Measuring Equipment Market Research Report
Europe Level Measuring Equipment Market Research Report
Asia Pacific Level Measuring Equipment Market Research Report
India Level Measuring Equipment Market Research Report