Asia Level Sensor market analyzes the market in terms of technologies such as magnetostrictive, vibratory probe, hydrostatic, magnetic float, pneumatic, and ultrasonic, microwave/radar, optical, laser
(PRWEB) October 04, 2014
The Asia Level Sensor market was valued at $732.7 million in 2013, and is expected to reach $1347.9 million by 2018, at a CAGR of 13% from 2013 to 2018.
Browse through the TOC of the Asia 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.
Level sensors have a significant place across different industry verticals, such as petrochemical, automotive, waste water management, metal, food & beverages, and healthcare industries.
Asian market is currently witnessing a prosperous growth curve in terms of consumption of level sensors for various applications as it is one of the major hubs for refineries, metals & mining, and chemical & petrochemical processing plants, which is experiencing an increase in demand for level sensors. The growth in this market is also due to the lower cost of operations, cheaper land, large population, and growing middle class. Countries contributing towards Asia level sensor market are China, Japan, India, and Australia. China dominates the market due to continuously booming economy because of high growth in the industries, such as mining, automotive, food & beverages, power generation, pulp & paper, and plastics & chemicals.
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This market is segmented and forecast based on type and application. The market based on type comprises contact level sensor and non-contact level sensor. Contact level sensor is further sub-segmented on the basis of type into rotating paddle level sensor, resistive chain level sensor, weight & cable level sensor, magnetostrictive level sensor, vibratory probe level sensor, hydro static level sensor, magnetic & mechanical float level sensor, and pneumatic level sensor. Non-contact level Sensor is sub-segmented into capacitance level sensor, conductive level sensor, load cell, optical level sensor, microwave level sensor, ultrasonic level sensor, and laser level sensor. The market is further segmented and forecast based on applications that include computing, consumer electronics, automotive, industrial manufacturing, military, medical, and other applications.
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This report includes market share and value chain analysis, along with market metrics, such as drivers and restraints. In addition, it presents a competitive landscape and company profiles of the key players in this market.
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North America Level Sensor Market
Level sensors are used to detect the level of liquids, granular materials, powders and other substances that can flow. It can be either a continuous or point value. The level sensors are mainly classified as contact level sensors and non-contact level sensors. Contact level sensors are magnetostrictive level sensors, vibratory probe level sensors, hydro static level sensors, magnetic and mechanical float sensors, pneumatic level sensors, guided wave level sensors, rotating paddle level sensors, restrictive chain level sensors, and weight and chain level sensors. Non-contact sensors are capacitance level sensors, conductivity level sensors, ultrasonic level sensors, microwave/radar level sensors, air bubbler level sensors, optical level sensors, laser level sensors, Micro-Electro-Mechanical-Systems (MEMS) level sensors, and other such as nuclear, load-cells and NEMS.
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.
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