Market Overview
The level transmitter, as the name implies determines the level of liquid at a given particular time. This equipment is largely used in food and beverage, pharmaceuticals, water bodies and measuring the level of water in containers. It has been significantly noted that the usage of contact level transmitters has gone up in the hydrostatic, guided wave radar sensing technologies and magnetostrictive industries. Since they require no compensation for changes in the fluid's density and conductivity, they are inexpensive compared to non-contact level transmitters.
It has been estimated that the market size of the global level transmitter market will grow from USD 3.1 billion in the year 2020 to USD 3.5 billion by the year 2025, with the noteworthy expansion of CAGR of 2.6 %.
During the COVID-19 crisis, it affected the growth rate of the level transmitter market due to supply chain reduction and economic destruction of industries. The pandemic has adversely affected the procurement of raw materials for manufacturing, detrimental to economic prosperity. With the market picking up at a snail's pace, the level transmitter market is expected to shift focus and gain ground.
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Market Segmentation
Industries are constantly striving to produce products at a cheaper and bulk rate without affecting the quality. Keeping the raw material levels in check is the first step to creating a constant supply chain. Plummeting wastage and escalating plant production capacity are large industrial units' main aims. Hence, automated systems like level transmitters allow the monitoring of manufacturing networks remotely.
In highly functional industries, radar level transmitters are installed to give accurate measurements about solids and liquids. Thus making it useful for measuring dense boiling surfaces, recirculating fluids, aeration tanks and propeller mixers. It has been noted that storage tanks that contain highly combustible liquids such as organic chemicals, gasoline and naphtha have a solid roof that floats directly above the liquid. Level transmitters are the ideal choice to determine whether the tanks are adequately filled, restrict overfilling, prevent vapour accumulations, and avoid fire mishaps.
Developed countries such as the U.S., the U.K., and Germany have sorted the use of level transmitters to measure water waste during water treatment. There are various ways this technology is used to measure water levels while treatment for drinking and industrial utilization. Supply level transmitters are extensively used during different drinking water treatment solutions stages.
Regional Classification
Due to the expansion of chemical industries and the advancement of the food and beverage market, China and India have grown exponentially in the level transmitter market. It has also been significantly noted that the Endress+Hauser company from Switzerland has expanded successfully in the Middle East. German company VEGA has also shown global dominance regarding the level transmitter revolution. Other major companies are Emerson Electric – U.S., AMETEK – US, Honeywell – US, Siemens - Germany and Schneider Electric – France.
Industry News
The growing concern over safe drinking water and the strict regulations by the government to follow safety protocols while manufacturing have given a boost to the level transmitter market. In the coming times, it will be seen that successful control over the wastage of raw materials will give an unbeaten supply chain.
