Analysis
Frost & Sullivan Analysis of Global Level Sensors and Transmitters Markets
Multiple advantages will fuel the continued dominance of non-contact level sensors in the global level sensors and transmitters markets. Overall, the market will make a recovery on the back of revived projects that were shelved or postponed during the economic recession. New analysis from Frost & Sullivan, Global Level Sensors and Transmitters Markets, finds that the global level sensors and transmitters markets earned revenues of $4,048.7 million in 2011 and estimates this to reach $5,319.5 million in 2018.
Howe“Field instruments, such as level sensors and transmitters, are set to experience positive growth in China,” noted Frost & Sullivan Senior Industry Analyst V. Sankaranarayanan. “This will be due to rising investments in areas such as petroleum, natural gas, and petrochemicals.”
Non-contact level measurement, in particular, is expected to continue increasing due to the benefits these devices offer.
“Non-contact level measurements essentially ensure a contamination free-environment because there is no contact from the sensor, as found in other forms of level indication such as mechanical, capacitance or conductivity,” explained Sankaranarayanan. “The non-contact nature of the level indication is also attractive to industries where the medium being measured is of a corrosive nature as found in the chemical/petrochemical industry.”
Overall, the restoration of health in end-user industries, along with a growing number of projects, will promote market growth. The establishment of new process plants, re-investment in plant renovation and modernisation, capacity expansions, and technology developments will further support the uptake of level sensors and transmitters, globally.