According to the report "Level Sensor Market by Technology, the level-sensor market is expected to grow from USD $3.58 Billion in 2016 to USD $5.32 Billion by 2023, at a CAGR of 5.66% between 2017 and 2023. The market exhibits huge potential for growth in various end-use applications such as oil and gas, industrial manufacturing, and consumer goods. The growth in the level sensor market would be driven by the increasing advancement of the Industrial Internet of Things (IIoT), the growing adoption of level sensors in the healthcare end-use application, and the supportive government regulations. Moreover, the rise in vehicle production and the development of smaller, smarter, and cheaper sensors would drive the growth of the level sensor market.
- The market for noncontact level sensors is expected to grow at highest rate during forecast period
- Industrial manufacturing end-use application to witness highest growth rate between 2017 and 2023
- APAC holds the largest share and is expected to grow at highest rate between 2017 and 2023
- The companies that are profiled in the report are ABB Ltd. (Switzerland), Emerson Electric Co. (US), Endress+Hauser AG (Switzerland), Vega Grieshaber KG (Germany), Siemens AG (Germany), AMETEK, Inc. (US), Honeywell International Inc. (US), First Sensor AG (Germany), Fortive Corporation (US), KROHNE Messtechnik GmbH (Germany), Pepperl+Fuchs GmbH (Germany), Nohken, Inc. (Japan), Texas Instruments Incorporated (US), and TE Connectivity Ltd. (Switzerland).
Browse 76 market data tables and 60 figures spread through 191 pages and in-depth TOC on "Level Sensor Market - Global Forecast to 2023" at http://www.marketsandmarkets.com/Market-Reports/level-sensors-market-926.html
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