“The level transmitter market is expected to grow at a CAGR of 3.93% between 2015 and 2020. A key driving factor for the growth of the level transmitter market is a need for accurate and reliable continuous level measurement; several other factors such as demand for wireless level instrumentation and need for sophisticated automated processing systems are driving the demand for level transmitters.
The level transmitter market for the water & wastewater industry is expected to grow at the highest CAGR
The market for the water & wastewater industry is estimated to grow at a high CAGR during the forecast period. 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. A level transmitter is capable of measuring levels in both clean and harsh environments and is a very cost-effective solution for water projects.
APAC is the fastest-growing market for level transmitters
The market in APAC is expected to grow at a high CAGR between 2015 and 2020. The growth is attributed to the increasing industrialization and urbanization in the APAC region. Increasing investment in research and development is also one of the key drivers for the growth of the level transmitter market in APAC. The region has witnessed a significant growth in manufacturing activities due to low manufacturing costs and support of the local governments. Furthermore, the growing demand for petrochemicals and increasing population in countries such as China and India are driving the growth of chemical and pharmaceutical industries in APAC, due to which the demand for level transmitters is growing for the reliable and optimum output.
Break-up of profile of primary participants for the report is given below:
ï§ By Company Type â Tier 1 â 40%, Tier 2 â 30%, and Tier 3 â 30%
ï§ By Designation â C-Level â 45%, Manager Level â 55%
ï§ By Region â North America – 15%, Europe â 25%, APAC â 35%, RoW â 25%
The key players in the market are ABB Ltd. (Switzerland), Siemens AG (Germany), Emerson Electric Co. (U.S.), Yokogawa Electric Corp. (Japan), Honeywell International, Inc. (U.S.), Fuji Electric Co., Ltd. (Japan) WIKA Instrument, LP (U.S.), Endress+Hauser Consult AG (Switzerland), VEGA Grieshaber KG (Germany), and General Electric Co. (U.S.).
Reasons to buy the report:
â¢ This report includes the market statistics pertaining to type, industry, and geography.
â¢ The Porterâs five forces framework has been utilized along with the value chain analysis to provide an in-depth insight into the level transmitter market.
â¢ Major drivers, restraints, and opportunities for the level transmitter market have been detailed in this report.
â¢ Illustrative segmentation, analysis, and forecast for markets have been conducted to give an overall view of the level transmitter market.
â¢ A detailed competitive landscape includes key players, in-depth analysis, and revenue of key players.