DUBLIN, Feb. 3, 2016 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/d8sjhf/level_transmitter) has announced the addition of the "Level Transmitter Market by Type (Capacitance, Radar, Ultrasonic, Differential Pressure, Magnetostrictive), by Industry (Oil & Gas, Chemical, Food & Beverage, Water & Wastewater, Power, Metal & Mining), and Region - Global Forecast to 2020" report to their offering.
The level transmitter market is estimated to reach USD 2.87 Billion by 2020
The need for accurate and reliable continuous level measurement is a vital factor driving the market. Rising demand for wireless connectivity in level instrumentation is also one of the driving factors for the market. Wireless level transmitters offer visibility in a broad range of offshore applications, fast output, and are easy to install. Thus, the demand for level transmitters for accurate level measurement is expected to grow during the forecast period.
The oil & gas industry accounted for the largest share among all industries for the market, followed by the chemical industry. Safety and reliable level measurement is the most critical concern in the oil & gas industry. Moreover, oil from a well contains solid materials in the form of sand, and these solids need to be removed before further processing of the oil. The water & wastewater industry is expected to grow at the highest rate in the level transmitter market, followed by the food & beverages industry. With regulations for water quality becoming more stringent and rising demand for consistent water quality, the water supply industry is continually challenged to optimize water treatment processes. Level transmitters provide non-contact level measurement and pump control for the water and wastewater industries.
The market for radar level transmitters is expected to grow at a high CAGR during the forecast period. Radar level transmitters have several advantages over other level transmitters as their accuracy is independent of dielectric constant, density, and conductivity. These transmitters are easy to install and unaffected by contaminants. Moreover, radar level transmitter measurement technology relies on echo signal which is reflected from the surface due to which these transmitters provide accurate and reliable results for any liquids and solids under high pressures and temperatures.
North America accounted for the largest share of the level transmitter market in 2014; the market in the APAC region is expected to grow at a high CAGR between 2015 and 2020. The increasing industrialization and urbanization in the APAC region and huge investment in the pharmaceutical, oil & gas extraction, and wastewater treatment industries are key factors driving the market.
One of the key restraining factors for the growth of this market is network congestion. As data is generated from a large number of nodes and transmitted to a central computer for processing, the possibility of network congestion due to bottle-neck is high which can delay the decision-making process and may even disrupt the production schedule. Its impact on the overall revenues of the companies could be of varying nature, depending on the severity of the delay.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Market, By Type
8 Market, By Industry
9 Market, By Geography
10 Competitive Landscape
11 Company Profiles
- ABB Ltd. - Emerson Electric Co. - Endress+Hauser Consult AG - Fuji Electric Co., Ltd. - General Electric Company - Honeywell International Inc. - Siemens AG - Vega Grieshaber Kg - Wika Instrument, LP - Yokogawa Electric Corporation
For more information visit http://www.researchandmarkets.com/research/d8sjhf/level_transmitter
Laura Wood, +353-1-481-1716, firstname.lastname@example.org
SOURCE Research and Markets