PUBLISHER: The Business Research Company | PRODUCT CODE: 1650538
PUBLISHER: The Business Research Company | PRODUCT CODE: 1650538
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 $1.59 billion in 2024 to $1.67 billion in 2025 at a compound annual growth rate (CAGR) of 5.2%. The growth in the historic period can be attributed to industrial expansion, regulatory compliance, globalization, energy sector growth.
The level gauge market size is expected to see strong growth in the next few years. It will grow to $2.13 billion in 2029 at a compound annual growth rate (CAGR) of 6.2%. The growth in the forecast period can be attributed to automation trends, environmental concerns, safety standards, digitalization. Major trends in the forecast period include smart sensors, wireless solutions, remote monitoring, predictive maintenance, customization, augmented reality (AR).
The growth of the oil and gas industries is anticipated to drive the expansion of the level gauge market in the coming years. Oil and natural gas are critical components of the energy sector, with oil and gas production involving the drilling, storage, and transportation of oil, natural gas, and associated slurry. Effective measurement and control of liquid levels are crucial for ensuring smooth production processes and maintaining equipment safety. Accurate oil level measurements are vital for calculating storage capacities, determining inventory levels, and managing transportation logistics. As a result, the oil and gas sector has seen significant growth due to these factors. For example, a report published in September 2023 by the United Nations Conference on Trade and Development, a Switzerland-based intergovernmental organization, noted that as pandemic restrictions eased, oil and gas trades in the energy sector rose by 6.0% and 4.6%, respectively, in 2022. Thus, the growth of the oil and gas industries is fueling demand for the level gauge market.
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 level gauge market include 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, Klinger Group, Flowtech Measuring Instruments Private Limited
North America was the largest region in the level gauge market in 2024. 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.
Level Gauge Global Market Report 2025 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.
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.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.