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The global level sensor market has been forecast to increase at a compound annual growth rate (CAGR) of 7.8% over the next five years, hitting a market value of $4,084 million by 2018.
In terms of volume, the total number of level sensors shipped was 117.41 million units in 2012 and is expected to reach 248.46 million units by 2018, at an estimated CAGR of 12.9%.
Level sensors detect the level of substances that flow, including liquids, slurries, granular materials, and powders. Fluids and fluidised solids flow to become essentially level in their containers (or other physical boundaries) because of gravity whereas most bulk solids pile at an angle of repose to a peak. The substance to be measured can be inside a container or can be in its natural form (e.g., a river or a lake).
The level measurement can be either continuous or point values. Continuous level sensors measure level within a specified range and determine the exact amount of substance in a certain place, while point-level sensors only indicate whether the substance is above or below the sensing point.
Though the current level sensor market is dominated by contact level sensors such as a magnetic float sensor or vibratory probe level sensor, strong growth has been predicted in non contact level sensing technologies such as ultrasonic level sensors and radar in the future, due to their suitability for applications in hazardous environments.
Similar to other electronic devices, level sensors also are increasingly becoming compact and micro-sized, due to advanced requirements in form-factor and functionality in various applications in industrial, construction, chemicals and manufacturing, food and beverages, pharmaceuticals, oil and gas, petrochemicals and several other application fields.
In developed nations like the US, UK and Germany industrial and municipal wastewater treatment is considered as a big market due to various government regulations but it is still at infant phase in developing economies like India, China and Brazil.
It is expected that adoption rates of water treatment technologies in developing nations are expected to rise through to 2018 thus making it a good sector for level sensors.
For more information on the level sensors market, see the latest research: Global Level Sensor Market
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