Global Laser Level Transmitters Market 2018-2022
About Laser Level Transmitters
Laser level transmitters are non-contact level measuring devices that comprise a sensor and a transducer. These devices are highly preferred in the hazardous environment for accurately measuring the level of the granular solids, liquids, and gasses.Technavio’s analysts forecast the global laser level transmitters market to grow at a CAGR of 5.52% during the period 2018-2022.Covered in this report The report covers the present scenario and the growth prospects of the global laser level transmitters market for 2018-2022. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Laser Level Transmitters Market 2018-2022
Technavio recognizes the following companies as the key players in the global laser level transmitters market: ABB, Banner Engineering, Fortive (Fluke), Garner Industries, KEYENCE, and Rockwell Automation.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is miniaturization of laser devices. The miniaturization of laser devices is gaining traction in the market. New methodologies are continuously being designed by engineers to manage complex circuits and integrate miniaturized sizes at almost similar costs.”
According to the report, one driver in the market is rising need for process optimization. The ability of these transmitters to perform accurate level measurement of inventory management and process control makes them a viable choice for end-user industries operating in harsh environments. These transmitters are convenient to install and can perform multiple applications with just a one-time investment in the initial configuration.
Further, the report states that one challenge in the market is drop in laser beam’s strength. With the transmitters are highly exposed to dirt or dust, there is a chance of accumulation of a layer of coating on the transmitter. This may weaken the strength of the laser beam.
S. C. JOHNSON & SON