Axiom MRC has updated all it's market research reports with the Economic Impact Analysis of COVID19 Pandemic on the market. Our team of analyst are following Comprehensive Three Dimensional (3D) Research Methodology along with large number primary interviews with key industry participants to bring insightful market reports to meet the current market requirements.
Accurate control and measurement of the liquid level in a tank, reactor, or other vessel is important in a number of process applications. To ensure the safety and profitability of industrial processes, it is required that the vessel or tank should be equipped with devices that offer accurate and consistent level measurements. Therefore, level transmitters are used in several industrial processes for continuous level measurement of liquids as well as solids. There are various types of level measurement transmitters are covered in the global level transmitter market report.
The primary driving factor behind the market growth is rapid growth in the European oil and gas, chemical, water and wastewater, food and beverage and metal and mining industries. Likewise, factors such as increasing research and development spending on pharmaceuticals, chemical, and many other industries, rising growth opportunities of the level transmitters in applications such as level measurement, presence of leading market players such as ABB, Endress+Hauser and others, and rising introduction of level transmitters by these market players are accredited to the growth of the level transmitters market in the region.
The exclusive COVID 19 impact analysis report by Axiom MRC provides a 3600 analysis of micro and macro-economic factors on the level transmitter market. In addition, complete analysis of changes on level transmitter market expenditure, economic and international policies on supply and demand side. The report also studies the impact of pandemic on regional economies, international trade, business investments, GDP and marketing strategies of key players present in the market. COVID-19 impact on the level transmitter market was moderate owing to the decline in demand from chemical, oil and gas, food and beverage and pharmaceutical industries.
The study analyses Europe level transmitter market based on technology, type, industry and geography.
Based on technology, the market is segmented into capacitive, differential pressure/hydrostatic, magnetostrictive, radar, radiometric, ultrasonic, and others. Radar segment is likely to be the fastest-growing segment during projection period. Major driving factors such as stability, high accuracy, and reliability provided by radar level transmitters, increased demand for these transmitters in the water & wastewater industry and metal and mining, and increasing importance in bore digging process are expected to impel growth of the segment.
Types such as contact and non-contact level transmitters are covered in the global level transmitter market report. Contact-type level transmitter segment accounted for the second-largest market share of Europe level transmitter market in 2020. Increasing significance of contact-type level transmitters in application areas where measuring liquid can be in contact with the transmitter and where the pressure drop of the fluid is not a problem is major supportive factor that attributed to the segment growth.
Based on industry, the oil and gas followed by chemical segment is expected to witness rapid growth during the forecast period. A surge in the adoption of level transmitters in oil and gas industry in applications such as oil and gas flow metering in offshore, onshore, and subsea applications, depth measurement, dewatering installations, tank level measurement, and many other applications is accredited to the growth of the segment.
Country wise, the study is comprised of the key countries such as Germany, France, the UK, Italy, Spain and Rest of the Europe. Germany held the largest market share of Europe level transmitter market and is likely to dominate the market over the estimated time frame. A growing market for water and wastewater industry across the country, rising import and export activities in the field of chemicals and pharmaceuticals, and increasing adoption of legal or national frameworks regarding water and wastewater management sector are some of the most important factors that are attributed to the growth of level transmitters market across the country.
The major key players of market includes ABB, Ametek, Dwyer Instruments, Emerson Electric, Endress+Hauser, Honeywell International, Krohne Messtechnik, Magnetrol International, Schneider Electric, Siemens, Sor Inc, Vega Grieshaber, Wika, Yokogawa Electric, Spectris (Omega Engineering), Bürkert, Gf Piping Systems, L&J Technologies, Viatran, and Monitor Technologies LLC.
The study analyses Europe level transmitter market based on technology, type, industry and geography. Level Transmitter market by technology is segmented into capacitive, differential pressure/hydrostatic, magnetostrictive, radar, radiometric, ultrasonic, and others. The magnetostrictive segment is likely to dominate the market over the forecast period. Increased adoption of magnetostrictive level transmitters owing to its several benefits such as low cost and high resistance property is attributed to the market growth. By type, the market is segmented into contact and non-contact. The market finds application in industries such as chemicals, food & beverages, metals & mining, oil & gas, pharmaceuticals, power, water & wastewater, others. The oil & gas industry is likely to register fastest growth in years to come owing to the growing adoption of level transmitters in oil and gas sector across the globe. Country wise, the study is comprised of Germany, France, the UK, Italy, Spain and Rest of the Europe.
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