Nov 7 2014
Research and Markets has announced the addition of the "Level Sensors Market Focus on Technologies, Applications and Geography - Global Trends & Forecast to 2013 - 2020" report to their offering.
Due to advancement in level sensing technologies and high requirements in various applications fields such as consumer, automotive, petrochemicals, water & wastewater management, chemicals, transportation, industrial, power and manufacturing sector, and so on, the market is expected to grow in the forecasted period.
The market has been witnessing a massive transformation since past couple of years. The market has entered into a shift from contact type of measurement to non-contact type of level measurement. Though the current market is dominated by contact level sensors, there is strong growth in non-contact level sensing segment.
Many multinational companies such as Siemens AG (Germany), Emerson Electric Co. (U.S.), ABB Ltd. (Switzerland), Honeywell Sensing & Control (U.S.) are investing heavily in acquisitions and R&D activities for more innovations and product development involving non-contact level sensing technologies. The government regulations for industrial as well as municipal wastewater treatment in developed economies and the government initiatives in developing economies like India, China, and Brazil are acting as strong driving force for the market.
The level sensor market is expected to grow at a CAGR of 8.01% in the forecasted period (2014-2020). North America region leads the overall global level sensors market in 2013. In the report, the drivers, restraints, and opportunities for the market are covered. The big players who provides the different level sensor technologies for end user applications and customized services are Siemens AG (Germany), ABB Ltd. (Switzerland), Endress+ Hauser AG (Switzerland), Emerson Electric Co. (U.S.), Honeywell International, Inc. (U.S.), Gems Sensors & Control Co. (U.S.), Magnetrol International Inc. (U.S.), Vega GmbH (Germany), and Pepperl+Fuchs AG (Germany).
Source: http://www.researchandmarkets.com/