North America Level Sensor Market is Expected to Reach $1,167.1 million in 2018 - New Report by MicroMarket Monitor
(PRWEB) September 25, 2014 -- The North America Level Sensor Market report defines and segments the level sensor market in North America with analysis and forecast of revenue. This market was valued at $901.9 million in 2013, and is expected to reach $1,167.1 million by 2018, at a CAGR of 5.3% from 2013 to 2018.
Browse through the TOC of the North America Level Sensor Market report, to get an idea of the in-depth analysis provided. This also provides a glimpse of the segmentation of level sensor market, and is supported by various tables and figures.
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Level sensors are used to detect the level of liquids, granular materials, powders and other substances that can flow. North America is the largest market for magnetic & mechanical float level sensors due to its heavy use in automotive & transportation sectors. The level sensors market in North America is expected to grow significantly during the forecast period due to the advancements in level sensing technologies and high requirements in various applications fields such as consumer, automotive, petrochemicals, water & waste water management, chemicals, transportation, power, and manufacturing sector, among others. The major countries contributing to the level sensor market in North America include the U.S., Canada, and Mexico. The U.S. dominates the market due to the presence of top market leaders such as Emerson Electric Co. (U.S.), and Honeywell Sensing & Control (U.S.), among others.
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This market is segmented and forecast based on technology and application. The technology segment of this market comprises contact level sensor and non-contact level sensor. The contact level sensor market is further segmented into rotating paddle level sensor, resistive chain level sensor, weight & cable level sensor, magneto strictive level sensor, vibratory probe level sensor, hydrostatic level sensor, magnetic & mechanical float level sensor, and pneumatic level sensor. The non-contact level sensor market is further segmented into capacitance level sensor, conductive level sensor, load cell, optical level sensor, microwave level sensor, ultrasonic level sensor, and laser level sensor. In addition, the overall level sensor market in North America is further segmented and forecast based on applications, namely computing, consumer electronics, automotive, industrial manufacturing, military, and medical, among others.
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North America is one of the most technologically advanced application markets due to the presence of prominent system suppliers, large semiconductor companies, and sensor manufacturers in the region. The size of the region, the affluence of its consumers, and the competitiveness of the automotive Original Equipment Manufacturers (OEMs), as well as medical OEMs, make it a good market for level sensor manufacturers.
This report includes market share and value chain analyses, along with market metrics such as drivers & restraints. In addition, it presents a competitive landscape and company profiles of the key players in this market.
Related Reports:
Europe Level Sensor Market
Though the current market of level sensor is dominated by contact level sensors, there is strong growth in non-contact level sensing segment. Europe is one of the key players due to dominance in computing and ICT sector. Traditional magnetic and mechanical float level sensors market represents the largest segment, while laser level sensors market is the fastest growing market in technology segment. The global level sensor market is mainly driven by government regulations, gradual reduction in size, and vehicle production worldwide. Europe is the second largest market for level sensor following North America, with a value of $771.5 million in 2013 and is expected to reach $953.4 million in 2018, at a CAGR of 4.3% from 2013 to 2018.
The report “Europe Level Sensor Market Forecasted, 2012-2018”, analyzes the market in terms of seven major applications in different sectors such as computing & ICT, consumer, automotive & transportation, industrial, power & manufacturing, military and defense, and healthcare and agriculture. In Europe, industrial, power & manufacturing sector dominates the application market with highest value and second biggest market is automotive & transportation.
http://www.micromarketmonitor.com/market/europe-level-sensor-7316556536.html
Latin America Level Sensor Market
The Latin American level sensor market was valued $0.3 billion in 2013 at a growth of 6.8% annually and is projected to reach $0.4b by 2018. The Latin American market accounts a share of 8.9% of global level sensor market and is poised to grow its market share to 8.6% by 2018. Related markets of hydrocolloids are contact level and non contact level sensors with a share of 74.3% and 25.7% respectively, of the global market.
The report “Latin American Level Sensor Market Forecasted, 2013-2018”, analyzes the market in terms of eleven major technologies such as magnetostrictive, vibratory probe, hydrostatic, magnetic float, pneumatic, others (contact), and ultrasonic, microwave/radar, optical, laser, others (noncontact). Magnetic float dominates the technologies market of level sensor in Latin America with highest value. Magnetostrictive is the second largest market based on technology in Latin America.
http://www.micromarketmonitor.com/market/latin-america-level-sensor-1377757548.html
Asia Level Sensor Market
The level sensor market is expected to grow due to advancement in level sensing technologies and high requirements in various application fields such as consumer, automotive, petrochemicals, water and waste water management, chemicals, transportation, industrial, and power and manufacturing sector in the forecasted period from 2013 to 2018. The government initiatives in developing economies like India and China are acting as strong driving force for the level sensor market growth. APAC is the fastest growing region for level sensor market. The APAC market is expected to grow from $732.7 million in 2013 to $1,347.9 million in 2018, at a CAGR of 13% from 2013 to 2018.
The report “APAC Level Sensor Market Forecasted, 2012-2018”, analyzes the market in terms of eleven major technologies such as magnetostrictive, vibratory probe, hydrostatic, magnetic float, pneumatic, others (contact), and ultrasonic, microwave/radar, optical, laser, and others (noncontact). Magnetic float dominates the technologies market of level sensor in APAC.
http://www.micromarketmonitor.com/market/asia-level-sensor-9068525835.html
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