FORT WORTH, Texas, December 8, 2014 /PRNewswire/ --
The Pneumatic level sensor market report defines and segments the concerned market with analysis and forecast of revenue. This market was valued $145.56 million in 2013, and is expected to reach $1199.13 million by 2019, at a CAGR of 5.62% from 2014 to 2019.
Browse through the TOC of the Pneumatic level sensor market for an in-depth analysis of the industry trends and segments, with help of tables and figures.
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Key players in the Pneumatic Level Sensor Market are Siemens AG, Vega Greshaber Kg, Honeywell International Inc, Emerson Electric Co. & others.
Pneumatic level sensor is type of contact level sensor that senses the level of liquid and compares the level with a desired value (set point), and then it sends a pneumatic signal which activates the actuator control valve. The sensor can also detect the presence of minus 20 mesh materials whether in a highly fluid state or at rest. The use of these sensors enables reduction in operation and maintenance costs as these sensors have an extremely durable construction.
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The reduction in size and the penetration of new technology into the pneumatic level sensor industry has created a wide horizon of applications for level sensors in various sectors such as of healthcare, industrial chemicals (resins and effluents), petrochemicals, water & waste water, paper & pulp, forestry, and sludge & slurry. Due to the growing necessity for smaller form factor for sensors with improved performances, pneumatic level sensors have proved to be the model solution in the healthcare sector. .
Overlapping technologies which lead to cannibalization of particular technology, brand, and products of the same level sensor manufacturer, And maturity of critical end-user segment such as petrochemicals, chemicals and oil & gas are restraining the pneumatic level sensor market.
This market is segmented and forecast based on application, component, and geography. The application segment of this market comprises consumer electronics, industrial sector, and medical. Region contributing towards the pneumatic level sensor market are Asia-Pacific, North America, Latin America, Europe, and Rest of World. Component segment covers actuator & switch, capacitor, and resistor.
Emerson Electric, Yokogawa Electric Corporation, SOR Inc., SMC Pneumatics Pvt. Ltd., and Fife Pneumatic Sensor are some of companies offering Pneumatic Level Sensor.
The report highlights all the factors that are currently driving the market, as well as restraints and opportunities for this market. It also profiles all the major companies involved in this segment, covering their entire product offerings, financial details, strategies, and recent developments. The current and future trends for this region have also been analyzed.
The value of the North American pneumatic level sensors market was $44.05 million in 2013 and is expected to reach $51.26 million by 2018, at a CAGR of 3.1% from 2013 to 2018. The U.S. is the leading player in the North American market, having accounted for 75.30% market share in 2013, followed by Canada and Mexico with 13.34% and 11.32% respectively in 2013.
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