Technavio has announced the release of their research report on the
global radar level transmitters marker for the forecast period
2019-2023. This global radar level transmitters market analysis report
segments the market by end-user (oil and gas, chemical and
petrochemicals, water and wastewater treatment, food and beverages,
power, and other end-users) and by geography (APAC, Europe, MEA, North
America, and South America).
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The global radar level transmitters market will grow at a CAGR of nearly 5% during the period 2019-2023. (Graphic: Business Wire)
Global radar level transmitters market size will grow by USD 210.51
million during 2019-2023, at a CAGR of nearly 5%. The growing need for
an uninterrupted flow of information even in remote places is driving
the demand for wireless radar level transmitters. These transmitters
come equipped with Bluetooth connectivity and improved battery life.
Many vendors are providing such wireless radar level transmitters to
power the industries. For example, Emerson Electric recently launched
Rosemount 3308 GWR Wireless Level Transmitter. The transmitter can
transmit readings and set parameters such as the data update rate and
other functions remotely. Such emerging trends among vendors are
expected to increase the demand for the wireless radar level
transmitters during the forecast period.
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Increased focus toward accuracy and reliability
in level measurement process
Accuracy and reliability of measurement are the significant challenges
faced by both mechanical and electrical measurement devices. Most of
these devices are insensible to change in dielectric constant and
require frequent calibration. The NC radar and GWR level transmitters
are immune to dust, vapor, and overcome the challenges faced by other
electric measurement devices. They require low calibration and have high
accuracy that make them suitable for level measurement in end-user
industries. The increasing focus toward accuracy and reliability in
level measurement processes will drive the growth of the global radar
level transmitters market.
“The radar level transmitters market will witness a massive growth in
the APAC region. Increased expansion of food and beverage companies in
the region has increased the use of automated level gauging solutions.
In Europe, the increasing cross-border pipeline projects to supply oil
and natural gas has led to a rise in the demand for radar level
transmitters. Furthermore, there are plans to expand the pipeline
network in Europe to supply natural gas. Many such advancements across
geographies will fuel the growth of global radar level transmitters
market over the forecast period,” says an analyst at Technavio.
Many chemical and petrochemical companies are investing heavily to
expand their business. For instance, Mitsubishi Gas Chemical recently
announced its plan to build two hydrogen peroxide plants in Oregon and
Texas. The plant will have an annual capacity of 70,000 tons. Cargill, a
leading F&B company, has announced its plan to build a new HM pectin
production in Brazil. These factors are expected to increase the demand
for radar level transmitters.
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snapshot of the report for a more detailed overview of
the market and the segmentation covered in this report
This global radar level transmitters market industry research report
provides an in-depth analysis of the primary drivers, upcoming trends,
and challenges that will impact market growth over the forecast period.
The report analyzes the competitive landscape and offers details on
several radar level transmitter manufacturers including –
- ABB
- Emerson Electric Co.
- Endress+Hauser Management AG
- Siemens
- VEGA Grieshaber KG
Some of the key topics covered in the report include:
Market Landscape
- Market ecosystem
- Market characteristics
- Market segmentation analysis
Market Sizing
- Market definition
- Market size and forecast
Five Forces Analysis
Market Segmentation
Geographical Segmentation
- Regional comparison
- Key leading countries
Market Drivers
Market Challenges
Market Trends
Vendor Landscape
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
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View source version on businesswire.com: https://www.businesswire.com/news/home/20190410005520/en/