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.
For continuous level measurement application, level transmitter are used in various industries, including oil and gas, chemical and many others. Level transmitters measures the level of a medium such as solid or liquid in a tank or vessels and converts it into an electronic signal. Major applications areas of level transmitters are storage tanks, process tanks, or silos in the process industry. Major technologies such as capacitive, radar, ultrasonic and magnetostrictive are used in the manufacturing of level transmitters.
The Asia Pacific level transmitter market is witnessing rapid growth from the past few years. Major factors such as increasing population along with the growing consumer product market, growing urbanization and industrialization, improving lifestyle of the people, the massive presence of domestic level transmitter manufacturing companies, and well-established chemical industry of the economies such as India, China and Japan are flourishing the growth of level transmitters market in APAC region. In addition, rising industrial automation processes in these countries is further flourishing the market growth 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 Asia Pacific level transmitter market based on technology, type, industry and country.
Based on technology, the market is segmented into capacitive, differential pressure/hydrostatic, magnetostrictive, radar, radiometric, ultrasonic, and others. Magnetostrictive segment is projected to hold largest market share during the forecast period. A surge in the demand for magnetostrictive technology based transmitters in high-temperature and high-pressure applications and rising introduction by major market players are major factors that accredited to the growth of the segment in region.
Types such as contact and non-contact level transmitters are covered in the Asia Pacific level transmitter market report. Non-contact level transmitter segment is accounted for major market share of the Asia pacific level transmitters market. Non-contact type level transmitter is the rapidly emerging type level measurement devices and technology. A growing adoption of this type of transmitters to achieve safe and precise measurements when testing contact-sensitive materials is attributed to the growth of the market.
Based on industry, chemical industry is projected to held second-largest market share of the Asia Pacific level transmitters market. Key factors attributed to the segment growth are lower labor costs, increasing export volume of chemical trade, increasing availability of raw material, and organic growth coupled with consolidation in the industry.
Country wise, the study is comprised of the key countries such as China, India, Japan and Rest of the Asia Pacific. China held the largest market share of Asia Pacific level transmitter market and is likely to dominate the market over the estimated time frame. Major growth factors such as a surge in the demand for petrochemicals, rising population in the countries such as China and India, growing industrial manufacturing activities and output, rising chemical production and increasing investments and initiatives by the government in water and wastewater sector are accredited to the growth of the market in APAC region.
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 Asia Pacific level transmitter market based on technology, type, industry and country. 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 region. Country wise, the study is comprised of China, India, Japan and Rest of the Asia Pacific.
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