Level Sensors Market Outlook And Trends: Analyst View
The level of liquid and fluidized solids such as powders, granular materials, and slurries are measured by the sensing technologies. The different environments vary from vacuum to high pressure and from high temperature to below zero degrees Celsius. The measurement level can be of continuous or point values whereas the substances to be measured stays in natural form or inside a container. The growth of the industry is supposed to be stimulated due to the favorable regulations of the industries such as International Plant Protection Convention (IPPC) directives in the semiconductor industry. Additionally, the regulations laid by the environmental protection agencies for power plants have resulted in the increase in industry demand for monitoring gas leakage.
The ease of installations and maintenance abilities, along with the high accuracy and efficiency offered is expected to drive the segment growth. Moreover, the rising demand for intelligent instruments that includes microprocessors to deliver information on the performance of the instruments is further anticipated to fuel the industry growth. The adoption of smart multiphase sensors in oil & gas, food & water industries has increased which has led to the enhancement of growth.
The increasing use of multipurpose level sensors in manufacturing industries and vehicle production due to the enhancement of automobile industries by the use of sensor technologies and microcontrollers is expected to propel the demand over the forecast period. The adoption of Advanced Driving Assistance System (ADAS) across the globe in passenger and luxury cars due to the stringent safety regulations has become a considerable factor in the growth of this market. Also, the transformation is witnessed by the market in sensor technologies such as contact type sensors to non-contact type sensors over the past few years.
Micro-Electro-Mechanical Systems (MEMS) sensors are projected to play a vital role in the automotive safety and infotainment applications. The companies such as ABB Ltd. (Switzerland), and Honeywell International, Inc. (U.S.) are investing heavily in R&D and the acquisitions in order to the development of innovative non-contact based level sensor technologies. For instance, the U.S.-based ST Microelectronics has shipped over 9 billion MEMS sensors in 2015 and MEMS being a part of non-contact type sensors are expected to experience a significant growth over the coming years. The major factors such as the need for high accuracy, self-test capabilities, and fast data transmission are the major factors which are driving the demand for MEMS in automotive applications.
The stringent regulations imposed by the countries such as UK, Germany, and the U.S. for the industrial and municipal water & waste water management are also expected to witness a considerable growth. In addition, the growing initiatives by the government are expected to the rise in adoption of water treatment technologies in the upcoming economies.
The tank level and the chemical injection monitoring use the liquid level sensors and have become critical for the advancement of oil & gas industry. The oil companies are being forced to increase the production efficiency and find wells in unlikely places as well due to the increase in demand for fossil fuels across the globe. Furthermore, the market demand for oil & gas application is anticipated to spur over the forecast period due to the increasing need for safety measures against hazards and accidents during oil & gas exploration.
The North America level sensors market is being driven largely as the application of level sensors in automotive applications is increasing. Also, the prevailing large consumer base for tablets, smartphones, and other related consumer electronics is one of the major factors for driving the North American level sensors market. Further, the government initiatives such as “Digital India” or “Make in India” are anticipated to boost the penetration of smartphones and consumer electronic products in the Indian regions, eventually resulting in the increasing demand for level sensors.
In-depth report on global level sensors market by Grand View Research:
https://www.grandviewresearch.com/industry-analysis/level-sensors-market