Global Level Sensors and Switches Market 2017-2021
About Level Sensor and Switches
Level sensors detect the level of liquids, other fluids, and fluidized solids, including slurries that exhibit an upper free surface. Level sensors and switches by technology are segmented into contact level sensors and non-contact level sensors. These sensors serve different purposes and are applied in various industrial sectors.
Technavio’s analysts forecast the global level sensor and switches market to grow at a CAGR of 5.78% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global level sensor and switches market for 2017-2021. To calculate the market size, the report considers new installations, retrofits, and services market.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Level Sensor and Switches Market 2017-2021
Technavio recognizes the following companies as the key players in the global level sensor and switches market: ABB, Emerson, Honeywell International, Rockwell Automation, and Schneider Electric.
Other Prominent Vendors in the market are: Cognex Corporation, Curtiss-Wright Corporation, Danfoss, General Electric, JUMO, ProTAACS, SCHMIDT Technology, Shanghai Yuanben Magnetoelectric Technology, Shenzhen Sensor Electronic Technology, and SIKO.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is growing need for wireless level sensors. The need for monitoring and analyzing real-time data is one of the major factors, provoking the use of wireless level sensors. These industrial sensors are transducers that alter a physical quantity into electrical signal.”
According to the report, one driver in the market is increasing demand for level sensors and switches in the oil and gas industry. The prominence of the oil and gas industry in the Middle East remains matchless. These oil-rich economies have been consistent demand drivers for level sensors and switches. Africa is globally ranked second after the Middle East in terms of oil exports.
Further, the report states that one challenge in the market is difficulty in selecting the right level sensors. There are a substantial number of level sensors. Each type of sensor works differently and performs various tasks. Capturing and measuring distinct types of phase split between vapor and liquid, and liquid and solid are very difficult. These are the major constraints in the operation of discrete and process industries.
ABB, Emerson, Honeywell International, Rockwell Automation, Schneider Electric, Cognex Corporation, Curtiss-Wright Corporation, Danfoss, General Electric, JUMO, ProTAACS, SCHMIDT Technology, Shanghai Yuanben Magnetoelectric Technology, Shenzhen Sensor Electronic Technology, and SIKO.
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