The level sensor market is projected to grow from USD 4.3 billion in 2020 to USD 6.1 billion by 2025, at a CAGR 7.5% between 2020 and 2025.The major factors driving the growth of the level sensors market include the reduction in size of sensors, rising adoption of level sensors in process industries, and rising use of IIoT solutions, stable vehicle production worldwide.
By technology, non-contact level sensors are estimated to account for the largest share of the level sensorsmarketby2025. Contact level sensors have had widespread penetration across several industry verticals as they are deployed in several products. However, they are slowly being replaced by non-contact level sensors, as the latter is more accurate, sophisticated sensors that leverage technologies such as capacitive, conductivity, and ultrasonic, which are electronic/electrical in nature.
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By type, ultrasonic sensors is estimated to account for the largest share of the level sensors market by 2025. Ultrasonic sensors are leveraged in industries such as food & beverage and pharmaceuticals, where contamination-free measurement is essential. The key advantages of these measurement sensors are their simplicity and low cost.
By monitoring type, continuous level sensor is estimated to account for the largest share of the level sensor market by 2025. Continuous level monitoring involves different technologies such as magnetostrictive, resistive, magnetoresistive, hydrostatic, air bubbler, and gamma-ray level sensors. These level sensors are used mainly for the monitoring of liquids and find applications in the manufacturing, oil & gas, and chemical industries.
By end user, industrial manufacturing is estimated to account for the largest share of the level sensors market by 2025. Level sensors are used mainly for the measurement of the levels of liquids and solids by monitoring them in the form of continuous level and/or point level type. The major users of these level sensing technologies are process industries. The end users of level sensors are diverse in terms of the nature of their business and type of medium being measured. The major end users for the overall level sensors market are industrial, power, automotive, and consumer.
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In terms of geographic coverage, the level sensors market has been segmented into North America, Asia Pacific (APAC), Europe, and Rest of the World (RoW).Asia Pacific is projected to hold the largest share of the level sensors market by 2025. The growth in the North America and Asia Pacific regions is mainly driven by the demand for the treatment of wastewater, which is produced in huge quantities in these regions, as they are home to some of the most industrialized nations in the world.
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