Global Level Sensor Market Size to worth USD 11.8 Billion by 2033: Market Study Report

Global Level Sensor Market Size to worth USD 11.8 Billion by 2033

According to a research report published by Spherical Insights & Consulting, The Global Level Sensor Market Size is Expected to Grow from USD 7.5 Billion in 2023 to USD 11.8 Billion by 2033, at a CAGR of 4.64% during the forecast period 2023-2033.  

Browse key industry insights spread across 210 pages with 110 Market data tables and figures & charts from the report on the Global Level Sensor Market Size, Share, and COVID-19 Impact Analysis, By Type (Contact Level Sensors and Non-Contact Level Sensors), By Technology (Ultrasonic, Float, Microwave/Radar, Hydrostatic/Pressure, Conductive, Capacitance, Optical, Magnetostrictive, and Others), By End-Use (Oil & Gas, Chemical & Petrochemicals, Water & Wastewater Treatment, Healthcare & Pharmaceuticals, Metals & Mining, Food & Beverage, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033.    

A level sensor is a device that detects the level of liquids and other fluids and fluidized solids such as slurries, granular materials, and powders that exhibit an upper free surface. They measure the position of the surface within some form of container of both liquids and solid materials in the form of powders. They are used to understand fluid levels in fluid distribution and storage containers. The development of smart manufacturing and factories for more automated and connected production environments are offering lucrative market growth opportunities for level sensors. The rising automation in manufacturing and processing industries as well as the stringent regulations regarding waste management and emissions are all factors that drive the level sensor market. The integration of technological advancements, such as wireless communication and the Internet of Things (IoT) are driving up the market growth. On the contrary, the high continuous follow-up maintenance costs especially for SMEs, and the significant upfront investments required for advanced-level sensor technologies are challenging the market.

The non-contact level sensors segment dominates the market with the largest revenue share through the forecast period.

Based on the type, the global level sensor market is divided into contact level sensors and non-contact level sensors. Among these, the non-contact level sensors segment dominates the market with the largest revenue share through the forecast period. Owing to the flexibility, accuracy in measurement, and lesser need for maintenance, the non-contact type is preferably used over the contact type, driving up the market in the non-contact level sensors segment.

The ultrasonic sensors segment is expected to account for the largest market share during the forecast period.

Based on the technology, the global level sensor market is divided into ultrasonic, float, microwave/radar, hydrostatic/pressure, conductive, capacitance, optical, magnetostrictive, and others. Among these, the ultrasonic sensors segment is expected to account for the largest market share during the forecast period. The increasing need for ultrasonic level sensors in the industry owing to industry preference for automation and improved process control is driving the market in the ultrasonic sensors segment.

The oil & gas segment is anticipated to hold the largest revenue share during the predicted timeframe.

Based on the end-use, the global level sensor market is divided into oil & gas, chemical & petrochemicals, water & wastewater treatment, healthcare & pharmaceuticals, metals & mining, food & beverage, and others. Among these, the oil & gas segment is anticipated to hold the largest revenue share during the predicted timeframe. Level sensors play a critical role in the oil and gas industry in monitoring fluid levels in storage and process tanks for efficient operation and management.

Asia-Pacific is projected to hold the largest share of the global level sensor market over the forecast period.

Asia Pacific is projected to hold the largest share of the global level sensor market over the forecast period. The food, pharmaceutical, and chemical sectors demand a high level of accuracy and dependability. By precisely measuring the levels of raw materials, intermediate products, and finished products, level sensors in various industries offer the best process control, avoid overflows, and enhance safety. Further, expanding oil and gas industries as well as the water and wastewater management sector are propelling the market.

North America is predicted to grow at the fastest CAGR in the level sensor market over the forecast period. The expanding automotive industry and the trend towards electric vehicles (EV) significantly driving the market demand for level sensors. The TEREAD Act's requirement that all vehicles include a pressure sensor to detect underinflated tires is anticipated to increase market demand in the region.

Company Profiling

Major key players in the level sensor market include ABB, Emerson Electric Co., SICK AG, Texas Instruments Incorporated, TE Connectivity, Pepperl+Fuchs, Endress+Hauser Group Services AG, Honeywell International Inc., and AMETEK.Inc., Siemens, and Others.

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Development

• In June 2024, ABB launched a new NINVA with SIL2 certification for safer and simpler temperature measurement across industries. The enhanced NINVA TSP341-N is the first SIL2-certified non-invasive temperature sensor.

• In March 2024, EBE sensors+motion launched an Evaluation Kit for level sensors that not only excels by its precision but also by its user-friendliness. It is designed to allow users without sound technical knowledge to achieve valid measurement results quickly and easily.

• In March 2024, Emerson introduced its next-generation Rosemount 3490 Controller for level and flow measurement applications, which helps to reduce complexity, optimize processes and enhance sustainability.

• In March 2023, ProMinent launched Dulcolevel, a new IIoT-compatible radar level sensor that provides continuous information on tank liquid levels. This ensures tanks can be refilled on time without any process interruption and makes chemical inventory management straightforward.

Market Segment

This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the global level sensor market based on the below-mentioned segments:

Global Level Sensor Market, By Type

• Contact Level Sensors
• Non-Contact Level Sensors

Global Level Sensor Market, By Technology

• Ultrasonic
• Float
• Microwave/Radar
• Hydrostatic/Pressure
• Conductive
• Capacitance
• Optical
• Magnetostrictive
• Others

Global Level Sensor Market, By End-Use   

• Oil & Gas
• Chemical & Petrochemicals
• Water & Wastewater Treatment
• Healthcare & Pharmaceuticals
• Metals & Mining
• Food & Beverage
• Others

Global Level Sensor Market, Regional Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • Uk
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa