FORT WORTH, Texas, December 9, 2014 /PRNewswire/ --
The Vibratory Probe level sensor market report defines and segments the concerned market with analysis and forecast of revenue. This market was valued $324.06 million in 2013, and is expected to reach $543.36 million by 2019, at a CAGR of 9.1% from 2014 to 2019.
Browse through the TOC of the Vibratory Probe level sensor market for an in-depth analysis of the industry trends and segments, with help of various tables and figures.
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Key players in the Vibratory Probe Level Sensor Market are ABB Ltd., Emerson Electric Co., Endress+Hauser AG, Krohne Messtechnik GMBH & others.
The vibratory probe level sensor is one of the types of contact level sensor. They are not affected by changes due to conductivity, dust, pressure, temperature, and humidity. Working of vibratory probe level sensor is based on piezoelectric effect, electric signal is applied to one of two crystals which are based on internal portion of probes base. Due to electric excitation, one crystal undergoes physical deformation which generates probe vibration. When there is no material present around the probe, second crystal receives vibration of probe which causes the physical deformation, which produces voltage. Electronic circuitry examines the voltage change, and then changes the output accordingly. With suitable vibrating frequency and with proper sensitivity adjustment, vibratory probe level sensor can sense electrostatic material and fluidized powder.
Emerging economies such as India and China have shown significant increase in their demand for vibratory probe level sensors due to the increasing industrial automation in these economies.
Level sensors in developed countries are produced by adopting thin film technology, which is one of the main criteria set up by the regulatory bodies. Adoption of such sophisticated level sensor technology by the small scale level sensor manufacturers proves to be quite expensive in comparison to traditional level sensing technologies. This becomes a major market inhibitor curbing the growth of vibratory level sensors. This market is segmented and forecast based on application, component, and geography. The application segment of this market comprises consumer electronics, industrial sector, medical and military. Component segment covers piezoelectric devices, electromechanically switch, capacitor, and resistor. Emerson Electric, Siemens AG, Honeywell Sensing & Control, Asea Brown Boveri Ltd. (ABB), and Hauser AG are the major companies offering vibratory probe level sensor.
The report covers the drivers, restraints, and opportunities of the market. It also profiles all the major companies involved in this segment, covering their entire product offerings, financial details, strategies, and recent developments.
North America Vibratory probe Level Sensor Market
The increasing development of Nanotechnology and advancements in ICT technologies are the major drivers for the growth of the North American vibratory probe level sensor market. The North American market is expected to reach $175.5 million by 2018 from $78.9 million in 2012, at a CAGR of 14.3% from 2013 to 2018.
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