Level Sensors technology is one of the major technologies which have application in major end user segments. These level sensors are classified into contact and non-contact level sensors. Earlier major level sensors were developed in mechanical and machine formats but with advent of microprocessors and microcontrollers these sensors are now embedded into small chips to collectively form Integrated Circuits (IC’s). Due to these IC’s upcoming level sensor technologies from non-contact category such as ultrasonic level sensor, microwave and guided wave radar level sensor are making their mark in the level sensor market. Hence it is evitable to forecast complete acceptance of the ongoing transition from contact type of measurement to non-contact type measurement. With Electronic and semiconductor industries efforts to scale down the average price of basic chips and circuits, and it is also predictable for the current non-contact level sensors technologies are affordable and better choice to shift from contact type level sensor technology over the period of five years. In addition to the price factor the benefits offered by these level sensors technologies are designed to perform in applications which operates in hazardous environments. In the current scenario, contact level sensor technologies are still dominant with technologies that are in use across various industrial segments such as magnetic float sensor and vibratory probe level.
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Considering the various applications, industrial, power and manufacturing is the dominant segment which involves the use of the various level sensor technologies. Among the industrial, power and manufacturing segment, the emerging sub application in use of level sensor technologies which includes water and wastewater treatment, sludge & slurry apart from existing petro-chemicals industry which continues to contribute as the leading revenue generator for industrial, power and manufacturing segment for level sensor technologies.
The total level sensor market is expected to reach $4,084 million by 2018, at a CAGR of 7.8% from 2013 to 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% from 2013 to 2018. North America leads the overall global level sensors market, with U.S. contributing for the largest percentage share in 2012. Europe, APAC, and Rest of the world (ROW) follow it.
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