Asia-Pacific Level Sensor Market was Valued at $826.5 Million

Date: 2015-08-03

“Level sensors are used to detect the level of liquids, granular materials, powders, and other substances that can flow. The level sensors are mainly classified as contact level sensors and non-contact level sensors. Contact level sensors are further classified into magnetostrictive level sensors, vibratory probe level sensors, hydrostatic level sensors, magnetic and mechanical float sensors, pneumatic level sensors, guided wave level sensors, rotating paddle level sensors, resistive chain level sensors, and weight and chain level sensors. Similarly, non-contact sensors are categorized into capacitance level sensors, conductivity level sensors, ultrasonic level sensors, microwave/radar level sensors, air bubbler level sensors, optical level sensors, laser level sensors, micro-electro-mechanical-systems (MEMS) level sensors, and others such as nuclear, load-cells, and NEMS.
Asia-Pacific level sensor market was valued at $826.5 million in 2014, and is anticipated to reach $1534.0 million in 2019, at a CAGR of 13.2%. 
Asia-Pacific market is currently witnessing a prosperous growth curve in terms of consumption of level sensors for various applications, as it is one of the major hubs for refineries, metals & mining, and chemical & petrochemical processing plants, which is experiencing an increase in the overall demand for level sensors. Countries contributing towards the Asia-Pacific level sensor market are China, Japan, India, and Australia. China dominates the market due to high growth observed in varied industries, such as mining, automotive, food & beverages, power generation, pulp & paper, and plastics & chemicals. 
Level sensors has a wider scope of application in industrial sectors, including power generation, automotive, food and beverages, petrochemical and related activities, healthcare, and defense. 
The market report offers qualitative insights on market share, value chain analysis, and market metrics such as drivers, restraints, and upcoming opportunities. It also provides competitive landscaping of companies operating in this market. Segment and country specific company shares, news & deals, mergers & acquisitions, segment specific pipeline products, product approvals, and product recalls of major companies have also been discussed in this report.  

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