Level Sensor Market is expected to grow from USD 3.64 Billion in 2016 to USD 5.73 Billion by 2024, at a CAGR of 5.85% between 2017 and 2024. (Detailed analysis of the market CAGR is provided in the report)
Level Sensor Market is segmented by, technology, monitoring technique, and region. Rising use of smart sensors capable of two-way communication and self-diagnosis, growing used of Micro-Electro-Mechanical Systems (MEMS) non-contact type technology in residential, commercial, and industrial applications, rising adoption of level sensors in the healthcare end-use application, and ability to offer higher accuracy and efficiency along with easy installation and maintenance are the major factors driving the growth of the overall level sensor market.
However, adoption of thin-film technology and increasing competition among market players, and challenges faced while operating under fluctuating voltage and temperature changes are the key restraining factors for the market growth.
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Key Players in the Level Sensor Market Are:
• ABB Ltd.
• Endress+Hauser AG
• Emerson Electric Co.
• Siemens AG
• Vega Grieshaber Kg
• Ametek, Inc.
• Honeywell International Inc.
• Fortive Corporation
• First Sensor AG
• Pepperl+Fuchs GmbH
• Krohne Messtechnik GmbH
• TE Connectivity Ltd.
• Texas Instruments Incorporated
• Nohken Inc
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