According to the new research report, the "Level Transmitter Market with COVID-19 Impact by Technology (Capacitance, Radar, Ultrasonic, Differential Pressure, Magnetostrictive, Radiometric), Industry (Oil & Gas, Chemicals, Water & Wastewater, Power), and Region - Global Forecast to 2025" size is expected to grow from USD 3.1 billion in 2020 to USD 3.5 billion by 2025, at a CAGR of 2.6%.
The growth of the market is attributed to a high focus on industrial automation and optimum utilization of resources, increased regulatory emphasis on industrial safety, growing demand for level transmitters in pharmaceuticals and food & beverages, development of wireless level transmitters.
Browse 140 market data Tables and 42 Figures spread through 195 Pages and in-depth TOC on "Level Transmitter Market with COVID-19 Impact by Technology (Capacitance, Radar, Ultrasonic, Differential Pressure, Magnetostrictive, Radiometric), Industry (Oil & Gas, Chemicals, Water & Wastewater, Power), and Region - Global Forecast to 2025" Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=23472700 Oil & Gas Industry to hold the largest share of the level transmitter market during the forecast period Oil and gas are among the key end-user industries of level transmitters.
Non-contact level transmitters have been widely adopted in process industries as they are easy-to-use, highly accurate, and require low maintenance.
These end-users are non-operational due to stringent measures, which include lockdown, restrictions on foreign trade, and a halt in the supply of non-essential products and services taken by several governments across the world as precautionary measures for the safety of people.
Moreover, The need to meet the demand of the growing population in this region, along with increasing industrialization in emerging countries, is fueling the growth of the process industries in the region.