Global Level Gauge Market By Type (Tank Level Gauges, Fuel Level Gauges, Water Level Gauges, Mechanical Level Gauges), By Technology (Magnetic, Reflexive, Transparent, Others), By End-user Industry (Oil and Gas, Chemical, Water Treatment, Marine, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031
The global level gauge market size was valued at $1,458.4 million in 2021, and is projected to reach $2,503.0 million by 2031, registering a CAGR of 5.5% from 2022 to 2031.
Level gauges are sensing and measuring instruments that are used to detect the level of a fluid or gas in a tank or similar storage container. These devices are widely used in industrial process applications and are employed to measure the fluid levels in drums, tanks, pressure vessels, or other similar applications. Level gauges are mostly used in chemical, foods & beverages, oil & gas, pharmaceuticals, energy & power, and other industries.
Factors such as increase in adoption of programmable level gauges and automated alarm systems drive the growth of this market. However, sanitary ratings of gauges in beverage & pharmaceutical continue to restrain the growth of this market. Opportunities such integration of sensors and Internet of Things (IoT) can increase the scope of level gauges in industrial application.
The demand for level gauges in the pharmaceutical sector has grown as a result of the requirement to get government approval, adhere to standards established by several health-related organizations, and maintain flawless operations. The rise of automated processes in the pharmaceutical sector is also anticipated to increase the need for level gauges during the forecast period. Moreover, expansion of foods & beverages industries around the world are increasing the demand for level gauge. For instance, in March 2022, Nestle invested $675 million to build new a food and beverage manufacturing factory in Arizona. Hence, such factors are expected to drive the level gauge market.
On the basis of end user industry, chemical segment has registered the highest-level gauge market share in terms of revenue in 2021. It allows to monitor the level in chemical storage application. Moreover, it is designed for chemical & process tanks and recommended for virtually any fluid including viscous, aggressive, and waste liquids. In addition, expansion of chemical industries around the world provide lucrative growth opportunities for the level gauge market.
Key companies profiled in the level gauge market report include ABB Ltd., Barksdale Control Products, BinMaster, Emerson Electric Co., FPI Sensors International, Honeywell International Inc., JBJ Techniques Limited, Jogler LLC., Keller America, Inc., KOBOLD Instruments Inc., KROHNE Messtechnik GmbH, Krueger Sentry Gauge, Omega Engineering, Inc., PLT Mag Gage, SensorsONE Ltd., TC Fluid Control, and Yokogawa Electric Corporation.
Key Benefits For Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the global level gauge market analysis from 2021 to 2031 to identify the prevailing global level gauge market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the global level gauge market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global global level gauge market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Type
Tank Level Gauges
Fuel Level Gauges
Water Level Gauges
Mechanical Level Gauges
By Technology
Magnetic
Indicator systems
Capsule Shuttle
Bicolour Rollers
Reflexive
Transparent
Others
By End-user Industry
Oil and Gas
Chemical
Water Treatment
Marine
Others
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
France
UK
Italy
Spain
Russia
Poland
Netherlands
Sweden
Rest Of Europe
Asia-Pacific
China
India
Japan
South Korea
Australia
Thailand
Indonesia
Vietnam
Rest Of Asia-Pacific
LAMEA
Brazil
Argentina
Saudi Arabia
UAE
South Africa
Nigeria
Rest Of LAMEA
Key Market Players
Abb
OMEGA Engineering
MTS
Honeywell International Inc.
Yokogawa
VEGA
Barksdale Control Products
Jbj Techniques Limited
JOGLER
BinMaster
Keller America
KOBOLD Instruments
Krohne Ltd
SensorsONE
Krueger Sentry Gauge
Ayvaz
General instruments
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