World Microwave Level Sensor Market to Post 8.9% CAGR through 2022, Says MicroMarketMonitor in Its New Report Published at MarketPublishers.com15 Jun 2016 • by Natalie Aster
LONDON – The global microwave level sensor market is expected post an 8.9% CAGR in the offing to reach around USD 1.237 billion by 2022. There is a call for accuracy in diverse process industries, like food & drinks, chemicals & petrochemicals, paint, gasoline, pharma, ceramics, pulp & paper, metals & mining, and biotech industries. This has boosted the demand for microwave level sensors due to their accurate measuring capacity notwithstanding a slew of barriers. Thus, microwave level sensors can be used in chemical factories to measure viscous substances, in spite of the vapour, heat, and false returns.
The industrial application was the dominant market segment as of 2015. Geography-wise, the Asia-Pacific market is poised to register the highest CAGR in the years to come. The region’s microwave level sensor market is presently following a prosperous growth trajectory in terms of product consumption in different end-use sectors, including food & drinks, semiconductors, and chemicals.
Emerson Electric Co., Endress+Hauser AG, Magnetrol International, Incorporated, Siemens AG, and VEGA Grieshaber KG are the dominant players active in the industry.
New research report “Global Microwave Level Sensor Market ” developed by MicroMarketMonitor offers an all-round analysis and exhaustive overview of the microwave level sensor market on a global scale. It segments the market by monitoring type, technology, and based on application. It also gives a granular view of the market across 5 regions. The study comprehensively provides the closest estimates of the revenue figures for overall market and various sub-segments across versatile applications and regions. The research publication canvasses the market trends, drivers, and challenges, and also offers comprehensive forecasts of the market through to 2022. The report explores the competitive environment and focuses on an investigation of the major industry players’ performance.
More studies elaborated by the publisher are available at MicroMarketMonitor page.