Ultrasonic Level Sensors Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2024 - ResearchAndMarkets.com

The "Ultrasonic Level Sensors Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2024" report has been added to ResearchAndMarkets.com's offering.

The report predicts the global ultrasonic level sensors market to grow with a CAGR of 8.4% over the forecast period of 2018-2024. The study on ultrasonic level sensors market covers the analysis of the leading geographies such as North America, Europe, Asia-Pacific and RoW for the period of 2016 to 2024.

The rising demand of the non-contact ultrasonic sensor owing to its several benefits over the contact sensor includes Low Maintenance, high accuracy and simple Installation drives the growth of ultrasonic sensor market worldwide. In addition, growing use of the ultrasonic level sensor in water and wastewater systems is contributing to the growth of ultrasonic level sensors market. The ultrasonic level sensors used in the several applications across various industries that includes loop Control, Liquid level control, Tank Level Measurements, Chemical Level Measurement and many others.

The increasing uses of ultrasonic sensors across various industries including Food & Beverage & Pharmaceutical, chemical, oil, gas and so on are likely to boost the growth of ultrasonic level sensors market. However, availability of alternative sensor technology such as Optical, radar and other sensors are hampering the growth of ultrasonic level sensors market. Moreover, rapidly growing adoption of smart applications is projected to create new opportunities in the ultrasonic level sensors market in upcoming years.

Geographically, North America dominates the market of ultrasonic level sensors market and the Asia Pacific is the fastest growing region in this market. The presence of various water and wastewater systems, Food & Beverage & Pharmaceutical industries across North America drives the growth of ultrasonic level sensors market in this region. Rising industrialization in Asia Pacific region creates the demand of ultrasonic level sensors in this region that is likely to boost the growth of ultrasonic level sensors market in Asia Pacific region.

Segment Covered

Global Ultrasonic Level Sensors Market by Technology

  • Contact Type
  • Non-Contact Type

Global Ultrasonic Level Sensors Market by End Use Industries

  • Chemical
  • Oil & Gas
  • Food And Beverage Processing
  • Pharmaceutical
  • Waste & Wastewater Treatment
  • Others

Company Profiles

  • ABB Limited
  • Honeywell International Inc.
  • Siemens AG
  • Krohne
  • KEYENCE CORPORATION
  • Continental AG
  • VEGA Grieshaber KG
  • Hans TURCK GmbH & Co. KG
  • Gems Sensors, Inc.
  • Omega Engineering Inc.

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