Level measurement technology is widely used across many sectors such as construction, industrial, manufacturing, Oil and Gas, among others.
Radar level measurement technology is categorized on the basis of type as non-contacting transmitter and a contacting transmitter. Radar level measurement is based on calculation of time required for completion of trip between the transducer and sensed material level. Radar level gauges are ideally used for harsh environment where dust, vapor, or a foaming surface prevents the usage of ultrasonic measurement. The Radar level gauges are used for liquids, solids, or interface application. Based on the type of radar, further classification can be done as Non-contact Radar level gauge, guided wave, and pulse radar depending on the respective applications. Radar level measurement technology relies on “echo” signal which is reflected back from the surface. Thus, Radar level gauges provide accurate and reliable results for any liquids and solids under high pressures and temperatures.
Market Analysis and Insights: Global Radar Level Gauge Market
Due to the COVID-19 pandemic, the global Radar Level Gauge market size is estimated to be worth US$ 673.3 million in 2022 and is forecast to a readjusted size of US$ 847 million by 2028 with a CAGR of 3.9% during the forecast period 2022-2028. Fully considering the economic change by this health crisis, Non-contact Radar Level Gauge accounting for % of the Radar Level Gauge global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR from 2022 to 2028. While Oil and Gas segment is altered to an % CAGR throughout this forecast period.
The market in APAC is expected to be the fastest-growing one globally. The region has witnessed a significant growth in manufacturing activities due to low manufacturing costs and supportive local governments. Furthermore, the growing demand for petrochemicals and increasing population in countries such as China and India are fueling chemicals and pharmaceuticals industries in APAC. India and China are considered huge markets for Radar level gauges owing to growing industrial manufacturing activities in these countries. Investments in municipal water sector is expected to be high in APAC countries. This factor offers opportunities for Radar level gauges to penetrate the water & wastewater industry further.
Global Radar Level Gauge Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2017 to 2028. This section mentions the volume of production by region from 2017 to 2028. Pricing analysis is included in the report according to each type from the year 2017 to 2028, manufacturer from 2017 to 2022, region from 2017 to 2022, and global price from 2017 to 2028.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Radar Level Gauge Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2017 to 2028. by Application segment also provides consumption during the forecast period of 2017 to 2028. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Segment by Type
Non-contact Radar Level Gauge
Guided Wave Radar Level Gauge
Segment by Application
Oil and Gas
Pharmaceutical and Biotech
Power Generation
Chemical
Food and Beverage
Others
By Company
ABB
Emerson Electric
Siemens AG
Schneider Electric
Magnetrol International
VEGA Grieshaber KG
Yokogawa Electric
OMEGA Engineering
Honeywell
KROHNE
Matsushima Measure Tech
Dandong Top Electronics
Endress+Hauser
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina