The report provides detailed information regarding the level transmitter market trends, growth drivers, obstacles, regional analysis, historical facts, and other industry-validated & statistically supported data. It highlights the projection by using a set of methodologies and assumptions. Additionally, it contains data about almost every possible segment present in the market.
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Fortune Business Insights profiles some of the renowned companies operating in the level transmitter market. They are as follows:
- VEGA Level and Pressure
- Dwyer Instruments, Inc.
- Burkert Fluid Control Systems
- BM Engineering Supplies Ltd.
- Hitachi High-Technologies Corporation
- MTS Systems Corporation
- KROHNE Group
- Fuji Electric Co. Ltd.
- Flowline, Inc.
- WIKA Group
- Honeywell Process Solutions
- Other key market players
Key Market Driver – Demand shift towards industrial automation
Key Market Restraint – High cost and lack of awareness
The global level transmitter market is projected to gain momentum from a rapid shift in demand for industrial automation. Fortune Business Insights published this information in an upcoming report, titled, “Level Transmitter Market Size, Share and Global Trend By Technology (Capacitive, Inductive, Ultrasonic, Microwave, Magnetic, Hydrostatic, Laser, Other), By Positioning (Float, Submersible), By End-Use Industry (Oil and Gas, Chemical, Food and Beverage, Water and Wastewater, Metal and Mining, Others) and Geography Forecast till 2026.” The report further mentions that numerous large conglomerates are taking initiatives to utilize the industrial internet of things (IIoT) for making their factories intelligent and smart. It will aid in increasing the level transmitter market size during the forecast period.
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Key Segmental Overview:
1. By Technology
2. By Positioning
3. By End-Use Industry
- Oil and Gas
- Food and Beverage
- Water and Wastewater
- Metal and Mining
4. By Geography
- North America (USA and Canada)
- Europe (UK, Germany, France, Italy, Spain and Rest of Europe)
- Asia Pacific (China, India, Japan, Australia, Southeast Asia and Rest of Asia Pacific)
- Latin America (Brazil, Mexico and Rest of Latin America)
- Middle East & Africa (GCC, South Africa, and Rest of the Middle East & Africa)
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Key Industry Developments
- In Jul 2019, Royal Vopak N.V., a Dutch-based tank storage company, has conducted a pilot test of smart internet of things (IoT) valve sensors in the Port of Rotterdam. The sensors were made by TWTG, an R&D agency specializing in IoT solutions.
Increasing Demand for Wireless Level Transmitters for Offshore Applications to Boost Growth
The demand for level transmitters is increasing day by day owing to an urgent need for precise level measurement in industries, namely, food and beverages, oil and gas, chemicals, wastewater, and water management. Furthermore, increasing demand for wireless connectivity will fuel level transmitter market growth. A wireless level transmitter is necessary for a wide range of offshore applications. It is very easy to install and provides quick outputs. Besides, effluent treatment plants use level transmitters to measure the level of effluent. There is also high demand from the developing countries, which in turn, is expected to affect the market positively in the near future.
Lack of Skilled Workforce & Trained Specialists May Hinder Market Growth
In regions, such as Africa and Latin America, there is a lack of product awareness, which may hinder the growth of the market. Moreover, network congestion and the absence of a skilled workforce across the world would hamper growth. The data in the level transmitter is obtained from several ports and it is then transferred to a computer for processing. The risk of network congestion is thus, increasing. It may occur because of the formation of a bottleneck that can interrupt the production schedule and disturb the decision-making procedure. Apart from that, there is a requirement for trained specialists who can work with novel software solutions and tools in a hassle-free manner. For this, the existing employees need to be trained appropriately with modern technological systems. Lack of training would hinder the level of transmitter market share.
Asia Pacific to Exhibit Maximum Growth Owing to Rapid Industrialization
Geographically, the level transmitter market is grouped into Latin America, North America, the Middle East, and Africa, Asia Pacific, and Europe. Out of these regions, Europe and North America are expected to showcase a steady growth of the market. It is likely to occur because of the rising inclination towards industrial automation. The U.S.A and other OPEC countries are exhibiting high demand for level transmitters owing to the usage in the oil and gas industry. The Asia Pacific, on the other hand, will showcase maximum growth owing to rapid industrialization. Lastly, the increasing production of biofuel in Latin America will boost growth.
Port of Rotterdam to Receive Smart IoT-enabled Valve Sensors from Royal Vopak
In July 2019, Royal Vopak N.V. an independent tank storage company, headquartered in the Netherlands, conducted a pilot test of smart IoT valve sensors. As per an article by The Maritime Executive, the test took place in the Port of Rotterdam. TWTG, a research, and development company, specializing in IoT solutions have made the sensors. They were developed to examine the state of those valves that are manually operated. They will then publish the information on a dashboard. The valve sensors are anticipated to decrease the likelihood of downtime from spills and other incidents as well as offer real-time data on the tank infrastructure. Hence, it will help in enhancing the safety of Royal Vopak’s staff.
Major Table of Content For Level Transmitter Market:
- Executive Summary
- Market Dynamics
- Key Insights
- Global Naphtha Market Analysis, Insights and Forecast, 2026
- North America Naphtha Market Analysis, Insights and Forecast, 2026
- Europe Naphtha Market Analysis, Insights and Forecast, 2026
- Asia Pacific Naphtha Market Analysis, Insights and Forecast, 2026
- Middle East and Africa Naphtha Market Analysis, Insights and Forecast, 2026
- Latin America Naphtha Market Analysis, Insights and Forecast, 2026
- Competitive Landscape
- Company Profile
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