Some of the key findings from our radar level transmitter market forecast report are summarized below
See the complete table of contents and list of exhibits, as well as selected illustrations and example pages from the report.
Global radar level transmitters industry overview
The demand for wireless radar level transmitters is increasing especially for applications in remote locations in the mining, oil and gas, and chemical and petrochemical industries. These transmitters can be connected via Bluetooth or other wireless communication systems and can be operated by remote process control and monitoring systems. By ensuring continuous information flow, wireless radar level transmitters offer enhanced process control even in remote locations. The improved battery life and connectivity range of few models of wireless radar level transmitters will further boost its demand from end-user industries. This will drive the growth of the radar level transmitter market at a CAGR of almost 5% during the forecast period.
End-user industries are increasingly preferring electronic measurement devices over mechanical measurement devices because of the increased labor cost and the need for uninterrupted production processes. Moreover, mechanical measurement devices face significant challenges such as high maintenance cost and low accuracy and reliability. Electronic measurement devices such as radar level transmitters help in overcoming problems as they are highly immune to dust, turbulent surfaces and heavy vapor. The accuracy of these devices is also independent of the properties of the medium which help in reducing the calibration frequency. Benefits such as the high accuracy and reliability provided by radar level transmitters in level measurement process are also one of the significant factors driving market growth.
Top companies covered in the radar level transmitters market research report
The global radar level transmitter market is moderately fragmented. To help clients improve their market position, the report provides an analysis of the market’s competitive landscape and offers information on the products offered by various companies. Moreover, the market analysis report also provides information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make most of the upcoming growth opportunities.
The report offers a detailed analysis of several leading companies, including:
- ABB
- Emerson Electric Co.
- Endress+Hauser Management AG
- Siemens
- VEGA Grieshaber KG
Radar level transmitters market segmentation based on end-users
- Oil and gas
- Chemical and petrochemical
- Water and wastewater treatment
- Food and beverages
- Power
- Others
The oil and gas industry will account for the highest radar level transmitter market share. The gradual recovery in investment in the oil and gas industry of Europe and North America will be one of the factors fueling the demand for these transmitters from the end-user segment. The report provides an accurate prediction of the contribution of all the segments to the growth of the radar level transmitters market size.
Radar level transmitters market segmentation based on geographic region
- APAC
- Europe
- MEA
- North America
- South America
With a complete study of the growth opportunities for companies, it has been identified that the APAC region will account for the highest radar level transmitters market share throughout the forecast period. The growth of the end-user industries such as oil and gas, water and wastewater, and food and beverage industries in several countries of APAC will drive radar level transmitter market growth in the region.
Key highlights of the global radar level transmitters market for the forecast years 2019-2023:
- CAGR of the market during the forecast period 2019-2023
- Detailed information on factors that will accelerate the growth of the radar level transmitters market during the next five years
- Precise estimation of the global radar level transmitter market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the industry across APAC, Europe, MEA, North America, and South America
- A thorough analysis of the market’s competitive landscape and detailed information on several vendors
- Comprehensive details of factors that will challenge the growth of the companies
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