Major factor driving growth of the global level sensor market is growing adoption from oil & gas sector and food industry. In addition, advancements in level sensors with high accuracy is increasing its demand form automobile sector which is expected to support growth of the global level sensor market.
The global level sensor market is segmented on the basis of technology, end-use application, and region.
The technology segment in the global level sensor market is segmented on the basis of contact type/point level, and non-contact type/continuous level. The contact type/point level segment is expected to contribute significant revenue share in the global market.
The application segment in the global level sensor market is segmented on the basis of automotive, consumer electronics, healthcare, industrial process, oil & gas, and others (food & beverages and dairy industry). The automotive segment is expected to contribute significant revenue share in the global market.
On the basis of region, the global level sensor market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East & Africa.
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The level sensor market in North America is expected to account for largest share in the global market in terms of revenue, owing to increasing adoption from oil & gas, and presence of major manufacturers in countries in the region. The market in Europe is projected to register lucrative CAGR in terms of revenue over the forecast period, owing to growing adoption of the product from automotive sector in economies in this region.
Key players operating in the global level sensor market include ABB Ltd., Emerson Electric Co., Endress+Hauser AG, Vega Grieshaber Kg, Siemens AG, Ametek, Inc., Honeywell International Inc., First Sensor AG, and Fortive Corporation.