Global Microwave/Radar Level Sensor Market is Expected to Reach $301.5 Million by 2018 – A Report by MicroMarket Monitor
(PRWEB) December 06, 2014 -- The Global Microwave/Radar Level Sensor market report defines and segments the concerned market with analysis and forecast of revenue. This market was valued at $150.3 million in 2013, and is expected to reach $301.5 million by 2018, at a CAGR of 14.9% during the forecast period.
http://www.micromarketmonitor.com/market-report/microwave-level-sensor-reports-2103488935.html
Microwave sensors, commonly termed as radar, detects walking, running, or crawling human targets in an outdoor environment. Microwave sensors are generally used for applications in which temperatures and pressures seem to vary. It is ideal for utilization in moist, vaporous, and dusty environments. Microwave sensors generate an electromagnetic (RF) field between transmitter and receiver, creating an invisible volumetric detection zone. When an intruder enters the detection zone, changes to the field are registered, and an alarm goes on. As the demand for reliable, efficient, and low maintenance technologies continues to increase, microwave sensors are rapidly replacing the outdated methods of traditional level sensors.
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An enticing feature of microwave level sensors is that it doesn’t require any kind of physical contact with the process materials, thereby making it an ideal measurement technique, especially for molten products. The microwave level sensor market is expected to achieve sustainable growth due to its suitability in a wide range of industry verticals, wherein highly reliable and non-contact detection is required. The microwave sensor is preferred for the purpose of process control by monitoring presence/absence of product, flow/non-flow conditions, and point level detection in bins and silos. These sensors also act as proximity switches for detection of vehicles, such as dump trucks and rail cars.
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The market report aims at identifying prominent factors that drive the microwave level sensor market. It offers in-depth information on market share of key players, along with laying emphasis on their product portfolio, company financials, growth strategies, and recent developments.
The global microwave level sensor market is segmented on the basis of geography, application, and component. On the basis of application, the market is classified into automotive, computing, consumer electronics, industrial manufacturing, medical, and military among other applications. The component segment of this market gets classified into capacitor, electromechanical switch, piezoelectric devices, and resistor. Furthermore, the geographical segmentation of this market is sub-divided into major regions, such as North America, Latin America, Asia-Pacific, and Europe.
Related Reports:
Global Ultrasonic Level Sensor Market
The Ultrasonic level sensors market is expected to reach $725 million by 2018 at an estimated CAGR of 11.2% from 2013 to 2018. North America is the leading region in the overall Ultrasonic level sensors market with 35.21% of market share in 2013; followed by Europe and APAC with 28.14% and 22.67% each in 2013.
http://www.micromarketmonitor.com/market-report/ultrasonic-level-sensor-reports-6419406181.html
Global Optical Level Sensor Market
The Optical level sensors market is expected to reach $97 million by 2018 at an estimated CAGR of 13.7% from 2013 to 2018.
http://www.micromarketmonitor.com/market-report/optical-level-sensor-reports-7145148250.html
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