Level Gauge Market – Industry News, Development Opportunities & Challenges 2019-2026

Level gauges are devices which are used for the measurement of level of liquid in several industrial applications such as in drums, tanks etc. Level gauges are composed of guide wires, anchors, pipe support and brackets float, bottom anchored bracket, measuring tape, elbows, coupling, and pipework. They are used to ensure that proper readings are obtained while measuring the levels.

Manufacturing industries have huge requirement for fluid interface measurements in equipment such as cooking drums, dehydrators, regenerators, settlement tanks, and clarifiers. The need for interface measurement takes place when two immiscible liquids are present in the same vessel.  Interfaces can be a liquid-solid interface, liquid-liquid interface, vapor-liquid interface, or foam-liquid interface. Magnetic level gauges are used to obtain precise measurement of the level of upper liquid, bottom liquid, and the level where both the liquids meet. Factors such as automated alarm system and increasing adoption of programmable level gauges are likely to drive the market during the forecast period.

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Integration of sensors is also witnessing positive growth in the level gauge market and increasing its scope in industries. Reduction of size of sensor, presence of large number of suppliers, easy availability of technology, and the growing usage of multipurpose level sensors in industrial and automotive sectors is resulting in rising demand for level gauges. However, high prices and long life span of level gauge is restricting the growth of the market. Availability of substitutes such as thin film technology is expected to result in slow growth of the level gauge market during the forecast period.

The level gauge market can be categorized on the basis of gauge type, technology, end-user, and geography. In terms of level gauge type, the level gauge market is bifurcated into fuel level, tank level, water level, and mechanical level gauges. On the basis of technology, the level gauge market is segmented into bi color, magnetic, reflexive, and transparent. The end-user segment can be divided into water treatment, oil & gas, petrochemical, pharmaceutical, and bio-tech. Pharmaceutical industry is expected to dominate the market due to requirement of accuracy levels in the measurement of components in drug manufacturing.

Initially, drug manufacturers faced many challenges related to measurement which resulted in demand for level sensing gauges. The need to get certified by government agencies and to comply with standards set by various health related organizations and to maintain flawless processes resulted in increasing demand for level gauges in pharmaceutical industries. Moreover, adoption of automation processes in pharmaceutical industries is expected to fuel the demand for level gauges during the forecast period.

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In terms of geography, the level gauge market can be segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America. North America is expected to dominate the market due to growing investments in automation and focus on efficiency of processes across oil and gas, pharmaceutical, and food processing industries. The growth of the Asia Pacific market is anticipated to be driven by the presence of a considerable number of sensor manufacturers in China, Korea, and Japan.

Rising concerns about the environment and wastewater management are expected to positively influence the market’s growth. The level gauge market in Europe is projected to record significant growth due to the evolving regulatory landscape which is resulting in increasing focus of manufacturers on greater quality and accuracy in food and pharmaceutical industries.

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