With advancement in digital electronics, level sensor products features such as user friendly, reliability, easy accessibility and cost reduction have been enhanced which is analyzed to drive the growth of the level sensor market. Additionally, government regulations within the industrial and power sectors are further expected to drive the global level sensor market. Implementation of multipurpose level sensors for manufacturing and vehicle production industries further adds to growth of the level sensor market. Another factor leading to significant growth of the level sensor market is miniaturization of level sensors.
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With rapid growth and presence of a number of manufacturing industries within APAC, the level sensor market in APAC is expected to foster during the forecast period. Although, the current market is dominated by contact based level sensors, strong growth in non-contact based level sensing segment is expected during the forecast period. Organizations are coming up more advanced non-contact based level sensors such as microwave, load cells, ultrasonic, laser, optical, and nuclear level sensors, which are beneficial over contact based level sensors.
With more emphasis on research and development (R&D) for nanotechnology and enhancing the level sensing applications and products to match the enhancement in technologies, the global level sensor market is expected to foster significantly. Multinational companies such as Siemens AG, ABB Ltd., Emerson Electric Co., Honeywell Sensing & Control including others are investing heavily in acquisitions and R&D activities for innovative development within the non-contact based level sensing technologies. However, wide usage of thin film technology for production of sensing products hinders the level sensor market. Implementation of different technologies for manufacturing of similar level...