Global Level Sensors Market: Overview
A rapid rise in the use of level sensors in various intelligent devices has primarily been responsible for driving the global level sensor market to achieve a steady growth. These sensors are increasingly being used in a number of industries such as food and beverages, oil and gas, consumer goods, industrial manufacturing, and many others. Widespread advancements occurring in these sectors that demand the use of better sensors for commencing operations has also caused the global level sensors market to pick up notable pace in recent times.
Contact Level Sensors to Maintain Leading Position throughout the Forecast Period
Under sensor type, the level sensor market is categorized into capacitance, conductive, float level, optical, microwave/radar, vibrating point, and others. Of these, ultrasonic level sensor had gained topmost market share in 2017, and is also expected to hold the same position throughout the forecast period. Apart from this type, the float level sensor is however expected to grow at a rampantly rising CAGR due to its highly beneficial performance in several sectors such as water and wastewater treatment, food and beverage, and other verticals of the industry. This sensor also is growing rapidly as it is highly preferred due to its low expense to use and maintain.
Under technology, the global level sensor market is mainly divided into contact type and non-contact type. Of these, the latter is consistently expected to maintain its dominant position until the end of 2026. These sensors possess long lifespans and require less maintenance to make them work properly, along with being corrosion resistant. These characteristics make users highly prefer the sensors, thereby comprising a key segment of the global level sensor market.
By application, the global level sensor market is mainly divided into three segments: point level, interface level, and continuous level. As of 2017, the continuous level sensors have held a leading spot in the global level sensor market, and its dominance is expected to continue even during the forthcoming years.