According the “Radar Level Transmitter Market by Technology, Noncontact, Frequency, Application, Industry, and Region - Global Forecast to 2023” report by MarketsandMarkets, the market is expected to grow from $428.0 million in 2018 to $581.2 million by 2023, at a CAGR of 6.3. Growth is said to be driven byer high accuracy, reliability, and stability offered by radar level transmitters, thereby increasing demand for radar level transmitters in the water and wastewater industry.
Report Takeaways
- Noncontact radar level transmitters is estimated to hold the largest size of the overall radar level transmitter market in 2018
- K band radar level transmitters is estimated to be the largest noncontact radar level transmitter market in 2018
- Liquids, slurries, and interface measurement applications expected to dominate the radar level transmitter market from 2018 to 2023
- Oil & gas industry to dominate the radar level transmitter market from 2018 to 2023
- North America to dominate the radar level transmitter market from 2018 to 2023
- The radar level transmitter market was dominated by the key players such as Endress+Hauser (Switzerland), Emerson Electric (US), VEGA Grieshaber (Germany), Siemens (Germany), and KROHNE (Germany).
Need to glean more? Browse the “Radar Level Transmitter Market” report.
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