DUBLIN, March 10, 2016 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/gqqd9k/level_sensors) has announced the addition of the "Level Sensors Market - Global Trends & Forecast to 2022" report to their offering.
The global level sensors market is expected to exhibit high growth potential till 2022. The overall market is expected to reach USD 4.89 Billion by 2022, at a CAGR of 5.4% between 2016 and 2022. The government regulations for controlling pollution, gradual decrease in sensor sizes, increasing production of vehicles, and the economic growth of Asian countries such as China and India are the major factors driving the growth of this market.
Industrial manufacturing is expected to lead the end-user industries segment of the level sensors market. Level sensors play a key role in the industrial market. This is because for optimum manufacturing processes and for the control of hazardous emissions and waste, it is essential to monitor the flow of fluids such as various industrial lubricants, fuel tanks, water & steam, and bulk solids and slurries.
North America holds the second-largest share of the level sensors market in 2015, while the market in APAC is expected to be the largest as well as to grow at the highest CAGR during the forecast period. This growth of the market in APAC can be attributed to the greater demand for level sensors and economic growth in China and India. The level sensors market in APAC is in the developing stage and the ongoing development in this region makes it a lucrative and high-potential market.
Factors such as increasing competition from MNCs, maturity of certain critical end-user markets, and the advent of thin film technology are the major restraints for the growth of this market.
- Petroleum refineries
- Aerospace & defense OEMs
- Automation providers
- System integrators
- Component manufacturers
- ABB Ltd.
- Ametek, Inc.
- Emerson Electric Co.
- Endress+Hauser AG
- First Sensor AG
- Gems Sensors, Inc.
- Honeywell International Inc.
- Krohne Messtechnik GmbH
- Nohken Inc.
- Pepperl+Fuchs GmbH
- Siemens AG
- Vega Grieshaber Kg
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Level Sensor Market, By Technology
8 Level Sensor Market, By End-User Industry
9 Level Sensors Market, By Monitoring Type
10 Level Sensor Market, By Geography
11 Competitive Landscape
12 Company Profiles
For more information visit http://www.researchandmarkets.com/research/gqqd9k/level_sensors
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SOURCE Research and Markets