Sign Up

Captcha Click on image to update the captcha.

Have an account? Sign In Now

Sign In

Forgot Password?

Don't have account, Sign Up Here

Forgot Password

Lost your password? Please enter your email address. You will receive a link and will create a new password via email.

Have an account? Sign In Now

You must login to ask a question.

Forgot Password?

Need An Account, Sign Up Here

You must login to add post.

Forgot Password?

Need An Account, Sign Up Here

Please briefly explain why you feel this question should be reported.

Please briefly explain why you feel this answer should be reported.

Please briefly explain why you feel this user should be reported.

Sign InSign Up

Find Authority

Find Authority Logo Find Authority Logo

Find Authority Navigation

  • Home

Mobile menu

Close
Ask a Question
  • Home
  • Recent Questions
  • Topics
  • Home
Home/Questions/Q 2314
Next
In Process
Anonymous
  • 0
Anonymous
Asked: January 19, 20202020-01-19T11:13:56+00:00 2020-01-19T11:13:56+00:00In: Consumer Products & Retail

What is the global level sensor market size?

  • 0

A level sensor is an electronic device used to track liquids and their movement in or out of a system. Level sensors are mainly used for the detection of oils, chemicals and various fluids. These sensors are of various types that help to detect liquids continuously or at certain points.

What are the major factors driving the market growth of level sensors?

market sizesensors
  • 2 2 Answers
  • 0
Share
  • Facebook

    Leave an answer
    Cancel reply

    You must login to add an answer.

    Forgot Password?

    Need An Account, Sign Up Here

    2 Answers

    • Oldest
    1. Homeapps
      2020-01-19T11:22:44+00:00Added an answer on January 19, 2020 at
      This answer was edited.

      Level sensors market size

      The global level sensor market size reached US$ 3.8 billion in 2018 and is anticipated to reach around US$ 5 billion by 2025.

      Analysis of level sensors Market

      The level sensor market is driven by the increasing industrial manufacturing and processing sectors around the globe. The integration of the internet of things (IoT) and machine learning in level sensors has increased demand across various industries, leading to worldwide growth in level sensor markets. For instance, the evolution of the industrial internet of things (IIoT) and industry 4.0 is to spur the level sensor market.

      In recent years there has been a significantly rising demand for the related process control and automation solution (such as sensors). The increasing process automation through various industrial applications also drives the market for level sensors. The need to improve industrial efficiency has led to the implementation of safe and reliable process control systems in several industries.

      The level sensor also helps to measure reliable fluid levels, thereby reducing the risks to equipment in industrial production and processing. With a growing emphasis on process automation, many manufacturing companies are now concentrating on the production of smart sensing devices. These devices are intended to measure fluid accurately and to provide related analytical information.

      Apart from this, the stable market growth in the power and utilities along with the oil and gas industries is also helping the level sensor market. The oil and gas industry requires the installation of level sensors in tanks and large containers to track fuel levels. The increase in energy and power dependency has also boosted the need for increased energy and power generation levels. This drives the energy and power sector towards improved performance automation, which in turn leads to a higher demand for level sensors.

      In addition, another factor driving the market growth is continuous innovation in the design of sensors. The overall sensor industry has seen dramatic changes in recent years towards micro-electromechanical (MEMS) based sensors. It is suitable for applications including accelerometers and pressure sensors due to its smaller size and the ability to be tightly integrated with the related electronics. Certain MEMS types include gyroscopes, radiation, water, and mass flow sensors.

      However, the level sensor market growth will be hindered by factors such as the lack of precision in level sensors, the increasing prices competition between suppliers to produce high-quality products, and the high cost of thin-film technology.

      • 0
      • Reply
      • Share
        Share
        • Share on Facebook
        • Share on Twitter
        • Share on LinkedIn
        • Share on WhatsApp
    2. KnowTraces Level 2
      2020-04-10T23:05:41+00:00Added an answer on April 10, 2020 at

      Knowtraces covers consumer electronics and has a great understanding of the sensors market.

      Global Level Sensor Market Size 2020 & 2026

      • 0
      • Reply
      • Share
        Share
        • Share on Facebook
        • Share on Twitter
        • Share on LinkedIn
        • Share on WhatsApp

    Sidebar

    Advanced Search
    Ask A Question

    Related Questions

    • How big is the global telemedicine market?

    • What is the global market size of wireless charging for ...

    • What are the key drivers in the smartphone market?

    • What is the difference between short and long term ventilator-dependent ...

    • How can automakers produce ventilators?

    Explore

    • Home
    • Recent Questions
    • Topics

    Footer

    Find Authority

    Find Authority

    Find Authority is a professional networking and crowdsourcing platform which helps enhance members credentials and create opportunities.

    About Us

    • About Us
    • Careers
    • Contact Us

    Legal Stuff

    • Terms and Conditions
    • Privacy Policy
    • Cookie Policy

    Supprt

    • Help Centre
    • Badges

    Follow

    © 2020 Find Authority. All Rights Reserved

    Insert/edit link

    Enter the destination URL

    Or link to existing content

      No search term specified. Showing recent items. Search or use up and down arrow keys to select an item.