Level Sensor Market worth $4,775.89 Million by 2020 According to a new market research report “Level Sensors Market Focus on Technologies (Contact Type (Magnetostrictive, Vibratory probe, Hydrostatic, Magnetic float) and Non Contact Type (Ultrasonic, Radar, Optical, Laser)), Applications and Geography – Global Trends & Forecast to 2013 - 2020, the total level sensor market is expected to reach $4,775.89 million by 2020, at a CAGR of 8.01% from 2014 to 2020. Browse more than 123 market data tables 58 figures spread through 250 slides and in-depth TOC on "Level Sensors Market" http://www.marketsandmarkets.com/Market-Reports/level-sensorsmarket-926.html Early buyers will receive 10% customization on this reports. Level sensors are widely used across several industrial segments for level measurement. Due to advancement in level sensing technologies and high requirements in various application fields such as consumer, automotive, petrochemicals, water and wastewater management, chemicals, transportation, industrial, power and manufacturing sector the level sensor market is expected to grow in the forecasted period 2014 to 2020. The government regulations for industrial as well as municipal wastewater treatment in developed economies and the government initiatives in developing economies like India, China, and Brazil are acting as strong driving force for the level sensor market growth. The use of Nano-Electro-Mechanical systems (NEMS technology) which help to reduce the size of modern devices and allows
high sensing performance is the biggest opportunity for all level sensor manufacturers in the industry. The market has entered into a transition from contact type of measurement to non-contact type of level measurement. Though the current market is dominated by contact level sensors, there is strong growth in non-contact level sensing segment. North America region represent the largest level sensor markets worldwide in 2013. However, fastest growth is likely to come from APAC region market. Traditional magnetic and mechanical float level sensors market represents the largest segment, while laser level sensors market represents the fastest growing in technology segment.
PDF Download @ http://www.marketsandmarkets.com/pdfdownload.asp?id=926 Global market is mainly categorized into contact and non contact based level sensors technologies. While magnetic and mechanical level sensor are basically used in industrial process applications, ultrasonic and radar/microwave level sensor technologies are used for remote and hazardous location based level sensing application while rest of the level sensing technologies are commercially as end user equipments as well for OEM’s applications. Due to advancement in level sensing technologies and high requirements in various applications fields such as consumer,
automotive, petrochemicals, water & wastewater management, chemicals, transportation, industrial, power and manufacturing sector, and so on, the market is expected to grow in forecasted period. The market has been witnessing a massive transformation since past couple of years. The market has entered into a shift from contact type of measurement to non-contact type of level measurement. Inquiry Before Buying @ http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=92 6 Though the current market is dominated by contact level sensors, there is strong growth in non-contact level sensing segment. Many multinational companies such as Siemens AG (Germany), Emerson Electric Co. (U.S.), ABB Ltd. (Switzerland), Honeywell Sensing & Control (U.S.) are investing heavily in acquisitions and R&D activities for more innovations and product development involving non-contact level sensing technologies. The government regulations for industrial as well as municipal wastewater treatment in developed economies and the government initiatives in developing economies like India, China, and Brazil are acting as strong driving force for the market. Related Report @ Automotive Sensor Market by Product (Pressure, temperature, level, speed, MEMS, oxygen, Nox), Application (powertrain, safety & control, vehicle security, alternative fuel, telematics) and Geography Forecast & Analysis to 2013 - 2022 http://www.marketsandmarkets.com/Market-Reports/automotivesensors-market-426.html
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