Level Gauge Global Market Report 2024

Description

“Level Gauge Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on level gauge market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
Measure the impact of high global inflation on market growth.
Create regional and country strategies on the basis of local data and analysis.
Identify growth segments for investment.
Outperform competitors using forecast data and the drivers and trends shaping the market.
Understand customers based on the latest market shares.
Benchmark performance against key competitors.
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Report will be updated with the latest data and delivered to you within 3-5 working days of order along with an Excel data sheet for easy data extraction and analysis.
All data from the report will also be delivered in an excel dashboard format.

Where is the largest and fastest growing market for level gauge? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The level gauge market global report ” from The Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

Scope

Markets Covered:

1) By Type: Tank Level; Fuel Level; Water Level; Mechanical Level
2) By Technology: Magnetic Level Gauge; Reflex Level Gauge; Transparent Level Gauge; Tabular Level Gauge
3) By Industry: Oil and Gas; Chemicals; Petro-Chemicals; Pharmaceutical; Other Industries
Companies Mentioned: ABB Measurement & Analytics; Barksdale Inc.; JBJ Techniques Ltd.; Jogler LLC; KOBOLD Instruments Inc.
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.

Executive Summary

A level gauge is a device designed to indicate the fluid level in various containers, commonly employed in industrial processes to monitor levels in drums, tanks, pressure vessels, and other similar containers.

The main types of level gauges include tank level gauges, fuel level gauges, water level gauges, and mechanical level gauges. Tank level gauges are particularly useful for quickly assessing the amount of water present in a storage tank at any given moment. Different technologies are employed in level gauges, such as magnetic level gauges, reflex level gauges, transparent level gauges, and tabular level gauges. These technologies find applications across various industries, including oil and gas, chemicals, petrochemicals, pharmaceuticals, and others.

The level gauge market research report is one of a series of new reports from The Business Research Company that provides level gauge market statistics, including level gauge industry global market size, regional shares, competitors with level gauge market share, detailed level gauge market segments, market trends, and opportunities, and any further data you may need to thrive in the level gauge industry. This level gauge market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The level gauge market size has grown strongly in recent years. It will grow from $1. 52 billion in 2023 to $1. 61 billion in 2024 at a compound annual growth rate (CAGR) of 6. 0%.

The growth observed during the historic period can be attributed to factors such as industrial expansion, increased focus on regulatory compliance, the impact of globalization, and growth in the energy sector.

The level gauge market size is expected to see strong growth in the next few years. It will grow to $2. 05 billion in 2028 at a compound annual growth rate (CAGR) of 6. 1%.

The anticipated growth in the forecast period can be attributed to ongoing trends in automation, heightened environmental concerns, adherence to safety standards, and the broader trend of digitalization. Major trends expected in the forecast period include the integration of smart sensors, the adoption of wireless solutions, the implementation of remote monitoring capabilities, the emphasis on predictive maintenance practices, customization of level gauge systems, and the incorporation of augmented reality (AR) technologies.

The expansion of the oil and gas industries is poised to drive the growth of the level gauge market in the foreseeable future. Within the energy sector, oil and natural gas play pivotal roles, involving drilling, storage, and transportation systems. Effective separation, storage, and processing of oil, natural gas, and related substances necessitate precise measurement and control of the liquid levels to ensure operational safety and normal production. Measuring oil levels is crucial for accurate inventory calculation, storage determination, and transportation logistics, contributing to the growth of the oil and gas sector. For example, British Petroleum reported a global oil production increase of 1. 4 million b/d in 2021, with OPEC+ accounting for over three-quarters of this increase. Additionally, global natural gas demand saw a growth of 5. 3% in 2021. Consequently, the burgeoning oil and gas industries are fueling the demand for level gauges.

The swift industrialization of the chemical industry is anticipated to drive the growth of the level gauge market. The chemical industry, encompassing the production, manufacturing, and distribution of various chemicals and chemical products, is experiencing rapid growth. Level gauges in the chemical industry serve critical functions in gauging liquid levels in tanks and vessels, preventing safety hazards and operational inefficiencies associated with overfilling or underfilling. This technology enhances process control, reduces energy costs, and minimizes waste. According to the American Chemical Society, the chemical industry is projected to grow by 4. 1% in 2022, with a 4. 3% growth expected in the Basic chemicals market. Therefore, the ongoing industrialization of the chemical sector is set to propel the growth of the level gauge market.

Leading companies in the level gauge market are introducing innovative products, including liquid level sensors, to gain a competitive advantage. Liquid level sensors, designed to measure the level of liquids in containers or tanks, offer advanced features. For instance, in September 2023, Rochester Sensors, a US-based company specializing in level measurement solutions, launched TLL155/TLL156/TLL157 liquid level sensors with variable resistive, voltage, or current outputs. These sensors feature a 316 stainless steel probe in standard lengths of 500mm or 1000mm, allowing custom length cutting and magnetic calibration for specific levels. They operate in a wide temperature range (-40°C to +85°C), withstand up to 1 BAR pressure, survive a 1-meter drop onto concrete, and operate on 9-36 VDC power with 80 VDC overvoltage protection.

In April 2022, Dwyer Instruments, a US-based instrument manufacturing firm, acquired Omega Engineering in an undisclosed deal. The combined business of both companies broadens the portfolio of configurable temperature, pressure, flow, and level measurement solutions for critical environments and automation applications. Omega Engineering, a US-based instrumentation company, specializes in manufacturing measuring instrumentation solutions, including level indicators.

In May 2023, Rochester Sensors LLC, a US-based manufacturer of gauges and sensors, acquired Tekelek Europe Limited for an undisclosed amount. This strategic acquisition aligns with Rochester's commitment to investing in research and development, allowing the company to introduce new and improved products to meet evolving customer needs. Tekelek Europe Limited, based in Ireland, designs and sells liquid-level sensors and other electronic components, primarily utilizing ultrasound and hall effect sensor technologies.

Major companies operating in the in the level gauge market report are ABB Measurement & Analytics, Barksdale Inc., JBJ Techniques Ltd., Jogler LLC, KOBOLD Instruments Inc., KROHNE Messtechnik GmbH, Krueger Sentry Gauge Co., SensorsONE Ltd., Keller America Inc., Yokogawa Electric Corporation, BinMaster Inc, Ayvaz, Honeywell International Inc, FPI Sensors International, Matsushima Measure Tech, Magnetrol International, Omega Engineering Inc., PLT Mag Gage, Zhejiang Jialong Mechanical Equipment Co. Ltd., TC Fluid Control, VEGA Grieshaber KG, FEEJOY Magnetic Level, Dwyer Instruments Inc., ROSEMOUNT, SIEMENS, BURKERT, IFM, General Instruments Consortium, Klinger Group, Flowtech Measuring Instruments Private Limited

North America was the largest region in the level gauge market in 2023. The regions covered in the level gauge market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the level gauge market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Canada, Spain.

The level gauge market consists of sales of differential pressure transmitters, float and displacer level instruments, guided wave radar (GWR), capacitance transmitters, hybrid capacitance, nucleonic level transmitters. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified)).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Product Code: r10441

1. Executive Summary

2. Level Gauge Market Characteristics

3. Level Gauge Market Trends And Strategies

4. Level Gauge Market - Macro Economic Scenario

4.1. Impact Of High Inflation On The Market
4.2. Ukraine-Russia War Impact On The Market
4.3. COVID-19 Impact On The Market

5. Global Level Gauge Market Size and Growth

5.1. Global Level Gauge Market Drivers and Restraints
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints Of The Market
5.2. Global Level Gauge Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
5.3. Global Level Gauge Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Level Gauge Market Segmentation

6.1. Global Level Gauge Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Tank Level
Fuel Level
Water Level
Mechanical Level
6.2. Global Level Gauge Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Magnetic Level Gauge
Reflex Level Gauge
Transparent Level Gauge
Tabular Level Gauge
6.3. Global Level Gauge Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Oil and Gas
Chemicals
Petro-Chemicals
Pharmaceutical
Other Industries

7. Level Gauge Market Regional And Country Analysis

7.1. Global Level Gauge Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Level Gauge Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Level Gauge Market

8.1. Asia-Pacific Level Gauge Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Level Gauge Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Level Gauge Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8. 4. Asia-Pacific Level Gauge Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Level Gauge Market

9.1. China Level Gauge Market Overview
9.2. China Level Gauge Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Level Gauge Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9. 4. China Level Gauge Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Level Gauge Market

10.1. India Level Gauge Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Level Gauge Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Level Gauge Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Level Gauge Market

11.1. Japan Level Gauge Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.2. Japan Level Gauge Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Level Gauge Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Level Gauge Market

12.1. Australia Level Gauge Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Level Gauge Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Level Gauge Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Level Gauge Market

13.1. Indonesia Level Gauge Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Level Gauge Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Level Gauge Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Level Gauge Market

14.1. South Korea Level Gauge Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.2. South Korea Level Gauge Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Level Gauge Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Level Gauge Market

15.1. Western Europe Level Gauge Market Overview
15.2. Western Europe Level Gauge Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Level Gauge Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15. 4. Western Europe Level Gauge Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Level Gauge Market

16.1. UK Level Gauge Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Level Gauge Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Level Gauge Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Level Gauge Market

17.1. Germany Level Gauge Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Level Gauge Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Level Gauge Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Level Gauge Market

18. 5. France Level Gauge Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18. 6. France Level Gauge Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18. 7. France Level Gauge Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Level Gauge Market

19. 9. Italy Level Gauge Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.10. Italy Level Gauge Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.11. Italy Level Gauge Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Level Gauge Market

20.13. Spain Level Gauge Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.14. Spain Level Gauge Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.15. Spain Level Gauge Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Level Gauge Market

21.1. Eastern Europe Level Gauge Market Overview
21.2. Eastern Europe Level Gauge Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Level Gauge Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21. 4. Eastern Europe Level Gauge Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Level Gauge Market

22.1. Russia Level Gauge Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Level Gauge Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Level Gauge Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Level Gauge Market

23.1. North America Level Gauge Market Overview
23.2. North America Level Gauge Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Level Gauge Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23. 4. North America Level Gauge Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Level Gauge Market

24.1. USA Level Gauge Market Overview
24.2. USA Level Gauge Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Level Gauge Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24. 4. USA Level Gauge Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Level Gauge Market

25.1. Canada Level Gauge Market Overview
25.2. Canada Level Gauge Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Level Gauge Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25. 4. Canada Level Gauge Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Level Gauge Market

26.1. South America Level Gauge Market Overview
26.2. South America Level Gauge Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Level Gauge Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26. 4. South America Level Gauge Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Level Gauge Market

27.1. Brazil Level Gauge Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Level Gauge Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Level Gauge Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Level Gauge Market

28.1. Middle East Level Gauge Market Overview
28.2. Middle East Level Gauge Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Level Gauge Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28. 4. Middle East Level Gauge Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Level Gauge Market

29.1. Africa Level Gauge Market Overview
29.2. Africa Level Gauge Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Level Gauge Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29. 4. Africa Level Gauge Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Level Gauge Market Competitive Landscape And Company Profiles

30.1. Level Gauge Market Competitive Landscape
30.2. Level Gauge Market Company Profiles
- 30.2.1. ABB Measurement & Analytics
  - 30.2.1.1. Overview
  - 30.2.1.2. Products and Services
  - 30.2.1.3. Strategy
  - 30.2.1. 4. Financial Performance
- 30.2.2. Barksdale Inc.
  - 30.2.2.1. Overview
  - 30.2.2.2. Products and Services
  - 30.2.2.3. Strategy
  - 30.2.2. 4. Financial Performance
- 30.2.3. JBJ Techniques Ltd.
  - 30.2.3.1. Overview
  - 30.2.3.2. Products and Services
  - 30.2.3.3. Strategy
  - 30.2.3. 4. Financial Performance
- 30.2. 4. Jogler LLC
  - 30.2. 4.1. Overview
  - 30.2. 4.2. Products and Services
  - 30.2. 4.3. Strategy
  - 30.2. 4. 4. Financial Performance
- 30.2. 5. KOBOLD Instruments Inc.
  - 30.2. 5.1. Overview
  - 30.2. 5.2. Products and Services
  - 30.2. 5.3. Strategy
  - 30.2. 5. 4. Financial Performance

31. Global Level Gauge Market Competitive Benchmarking

32. Global Level Gauge Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Level Gauge Market

34. Level Gauge Market Future Outlook and Potential Analysis

34.1 Level Gauge Market In 2028 - Countries Offering Most New Opportunities
34.2 Level Gauge Market In 2028 - Segments Offering Most New Opportunities
34. 3 Level Gauge Market In 2028 - Growth Strategies
- 34.3.1 Market Trend Based Strategies
- 34.3.2 Competitor Strategies

35. Appendix

35.1. Abbreviations
35.2. Currencies
35.3. Historic And Forecast Inflation Rates
35. 4. Research Inquiries
35. 5. The Business Research Company
35. 6. Copyright And Disclaimer