Market Size and Overview:

According to our research report, the global level measurement for the process control market is estimated to reach a total market valuation of USD 10.96 billion by 2030. The market is projected to grow with a 6.5% CAGR during the period of analysis (2024 - 2030).

Industry Overview:

The concept of "level" pertains to both the measurement of height and fluid volume within a tank. Ensuring procedural safety involves measuring this level, a critical step in every process. Top-down measurement methods are less susceptible to leakage compared to bottom-up approaches. Level measurement encompasses both top-down, which may or may not contact the fluid, and bottom-up, which always does. Beyond fluid levels, measurement extends to gases and solids as well.

Equipment for level measurement is tailored for gas or fluid detection, either directly or indirectly depending on the application. A level measuring device serves as an indicator for control purposes, displaying liquid levels and transmitting this information as AC signals. Level switches, based on set points, monitor liquid levels, determining whether they are high or low.

Impact of Covid-19 on the Industry:

The COVID-19 pandemic has significantly impacted the global economy and industries worldwide, primarily due to disruptions in the global supply chain. Reduced product demand has led to economic downturns globally, with shortages of raw materials hindering production across various sectors. Key factors contributing to output reduction include declines in exports and supply chain disruptions. Consequently, the level transmitter industry has experienced a lower predicted year-over-year growth rate for 2020 compared to 2019.

Market Drivers:

Industrial automation and resource optimization are paramount for manufacturing success, achieved through meticulous raw material monitoring and precise production process regulation. Manufacturers increasingly employ automated process control technologies for faster, cost-effective, and higher-quality manufacturing. Industrial automation cuts operational costs, enhances product quality, improves productivity, and addresses health and safety challenges across process industries. Integrating systems and software, including level transmitters, facilitates better decision-making based on real-time production data, driving efficiency and optimizing manufacturing processes.

The demand for radar level transmitters is growing, given their reliability and suitability for unstable process conditions in various industries. Radar-level technology simplifies level measurement in solids and liquids applications and proves effective in challenging environments like boiling surfaces, recirculating fluids, and aeration tanks. Guided wave radar technology offers advantages for processes involving dust, foam, and heavy vapors, facilitating interface measurement where needed, such as oil on water.

Market Restraints:

Continuous level measurement, facilitated by level transmitters transmitting data to remote monitoring systems over a network, can lead to network congestion. The abundance of data generated in continuous level measurement may slow down data communication within industrial systems employing computers for automation.

High-level measurement in tanks with floating roofs poses challenges due to the roof's design for substances like gasoline and organic compounds. While floating roofs minimize evaporation and reduce fire/explosion risks, they hinder traditional level switch usage for liquid measurement since they are solid objects. Traditional switches like tuning forks or ultrasonic gap switches are incompatible with measuring liquids in such tanks.

Global Level Measurement for Process Control Market - By Type

Contact

Non-Contact

Various technology options are available for contact level transmitters, including magnetostrictive, hydrostatic, capacitive, and guided wave radar sensing. Among these, differential pressure/hydrostatic technology is particularly popular for contact level transmitters. One significant advantage of these transmitters is their independence from changes in fluid conductivity, density, or dielectric properties. Contact level transmitters are generally more cost-effective compared to their non-contact counterparts.

Global Level Measurement for Process Control Market - By Vertical

Oil & Gas

Chemicals

Water & Wastewater

Food & Beverages

Pharmaceuticals

Power

Metals & Mining

Others (Paper & Pulp, Cement, Textiles, Glass, Agriculture, and Marine)

Water and wastewater treatment encompasses the processing of drinking water, household, and commercial effluent. Level monitoring plays a vital role across various stages of wastewater treatment. In drinking water plants, supply level transmitters find frequent usage for diverse applications. These transmitters are also integral to bank filtration processes. With stringent government regulations, industrial and municipal wastewater treatment holds significant market potential, especially in developed nations like the US, UK, and Germany. The demand for automation solutions, including level transmitters, is expected to rise due to regulatory requirements governing wastewater treatment in different industries.

Global Level Measurement for Process Control Market - By Region

North America

Europe

Asia-Pacific

Latin America

The Middle East and Africa

The region boasts well-established sectors such as process, healthcare, petrochemical, chemical, and power. Rapid economic growth and extensive urbanization render India and China as substantial markets for level transmitters. China and India witness notable industrial growth, with expanding chemical and food & beverage sectors. Anticipated growth in water-intensive industries necessitates increased demand for level transmitters in treatment facilities.

Global Level Measurement for Process Control Market - By Companies

Endress+Hauser (Switzerland)

VEGA (Germany)

Emerson Electric (US)

Siemens (Germany)

KROHNE (Germany)

ABB (Switzerland)

Honeywell (US)

Yokogawa (Japan)

AMETEK (US)

Magnetrol (US)

Schneider Electric (France)

RECENT DEVELOPMENTS IN THE GLOBAL LEVEL MEASUREMENT FOR PROCESS CONTROL MARKET:

Business Expansion: In 2020, Endress+Hauser expanded its presence in the Middle East with the establishment of Endress+Hauser Middle East. Headquartered in Dubai, United Arab Emirates, this new entity oversees and supports all regional solutions, sales, and service activities.

Product Launch: In 2020, Siemens introduced the Sitrans LR250 PLA radar level measuring transmitter with a polypropylene lens antenna. This product is designed for critical process control and inventory management, offering accurate level measurement within specified pressure and temperature parameters, particularly for chemicals.

Business Expansion: In 2019, Vega expanded its radar product line by introducing 80 GHz radar level sensors tailored for the water and wastewater industry.