Lewes, DE -- (SBWire) -- 06/23/2017 --Report forecast the global level sensor and switches market to grow at a CAGR of 5.78% during the period 2017-2021.
Level sensors detect the level of liquids, other fluids, and fluidized solids, including slurries that exhibit an upper free surface. Level sensors and switches by technology are segmented into contact level sensors and non-contact level sensors. These sensors serve different purposes and are applied in various industrial sectors.
The report covers the present scenario and the growth prospects of the global level sensor and switches market for 2017-2021. To calculate the market size, the report considers new installations, retrofits, and services market.
The market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA
According to the report, one driver in the market is increasing demand for level sensors and switches in the oil and gas industry. The prominence of the oil and gas industry in the Middle East remains matchless. These oil-rich economies have been consistent demand drivers for level sensors and switches. Africa is globally ranked second after the Middle East in terms of oil exports.
Further, the report states that one challenge in the market is difficulty in selecting the right level sensors. There are a substantial number of level sensors. Each type of sensor works differently and performs various tasks. Capturing and measuring distinct types of phase split between vapor and liquid, and liquid and solid are very difficult. These are the major constraints in the operation of discrete and process industries.
Global Level Sensor and Switches Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
key players in the global level sensor and switches market: ABB, Emerson, Honeywell International, Rockwell Automation, and Schneider Electric.
Other Prominent Vendors in the market are: Cognex Corporation, Curtiss-Wright Corporation, Danfoss, General Electric, JUMO, ProTAACS, SCHMIDT Technology, Shanghai Yuanben Magnetoelectric Technology, Shenzhen Sensor Electronic Technology, and SIKO.
Market driver
- Increasing demand for level sensors and switches in the oil and gas industry
- For a full, detailed list, view our report
Market challenge
- Difficulty in selecting the right level sensors
- For a full, detailed list, view our report
Market trend
- Growing need for wireless level sensors
- For a full, detailed list, view our report
Key questions answered in this report
- What will the market size be in 2021 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
Spanning over 70 pages "Global Level Sensors and Switches Market 2017 - 2021" report covers Executive summary, Scope of the report, Research Methodology, Introduction, Market landscape, Market segmentation by technology, Market segmentation by type, Market segmentation by end-user, Geographical segmentation, Drivers and challenges, Market trends, Vendor landscape, Appendix.
Please visit this link for more details: http://www.marketresearchreports.com/technavio/global-level-sensors-and-switches-market-2017-2021
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