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Overview of the level gauge market

According to Technavio’s market research report on the level gauge market, the increasing preference for magnetic level gauges in interface measuring will be one of the key factors that will have a positive impact on the growth of this market in the coming years. With the increasing usage of equipment such as regenerators, clarifiers, and separators, there is a growing requirement for these magnetic level gauges across different end-user industries. Magnetic level gauges allow the precise measurement of the level of the upper liquid as well as the level where both the liquids meet when two immiscible liquids are present in the same vessel. Consequently, the presence of measurement devices such as floats in these magnetic level gauges also makes them efficient when other gauges fail to achieve accurate measurements. This will in turn drive the growth of this market, which according to our market research analysts will register a CAGR of almost 7% by 2022.

With the increasing adoption of automation across different end-user industries, there has been considerable increase in the demand for automated gauge systems over the last few years. Automated gauge systems are extensively used in retail outlets, filling stations, boilers, and gas stations for the automatic monitoring of temperature, level, and volume of the content inside tanks. Furthermore, the addition of touch control consoles with these level gauges allows the accurate measurement of fluid levels in tanks used in the oil and gas industry as well as in sewage management. Such benefits will drive the demand for automated gauge systems, which according to this level indicator market research report, will be one of the major trends gaining traction in this market throughout the forecast period.

Companies covered

With the presence of a considerable number of companies, this tank level gauge market appears to be moderately fragmented and is competitive. To introduce different types of level gauges to meet the evolving requirements of different end-user industries, companies in this level sensor market are focusing on R&D. By providing a comprehensive analysis of the market’s competitive landscape and offering information on the liquid level gauge products offered by companies, this level measurement market research report will help level gauge manufacturers identify new growth opportunities and design unique growth strategies.

This research report provides an analysis of various companies in the level gauge market including –

• ABB
• Emerson
• Honeywell
• KROHNE
• PSM Instrumentation
• WIKA

Segmentation by product and analysis of the level gauge market

• Magnetic level gauges
• Reflex level gauges
• Transparent level gauges
• Bi-color level gauges

According to our research report on the level gauges market, the magnetic level gauge market segment accounted for the largest share of this market during 2017 due to their increased application across various end-user industries. Owing to their ability to withstand high-temperature and pressure, the demand for the magnetic level gauge market segment will continue to account for the maximum share of this market during the next few years.

Segmentation by geography and analysis of the level gauge market

• Americas
• APAC
• EMEA

Our analysts have estimated that during 2017, the Americas accounted for the maximum growth of this level measuring device market. With the increasing application of level gauges in fueling stations in the advanced economies including the US, this region will continue its dominance in this level gauge market during the next few years as well.

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Key questions answered in the report include

• What will the market size and the growth rate be in 2022?
• What are the key factors driving the global level gauge market?
• What are the key market trends impacting the growth of the global level gauge market?
• What are the challenges to market growth?
• Who are the key vendors in the global level gauge market?
• What are the market opportunities and threats faced by the vendors in the global level gauge market?
• What are the trending factors influencing the market shares of the Americas, APAC, and EMEA?
• What are the key outcomes of the five forces analysis of the global level gauge market?

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