Global Level Gauge Market Report and Forecast 2024-2032

Global Level Gauge Market Outlook

The global level gauge market size reached approximately USD 1.61 billion in 2023. The market is further projected to grow at a CAGR of 5.1% between 2024 and 2032, reaching a value of USD 2.53 billion by 2032.

Key Trends in the Market

Level gauges refer to measuring and sensing equipment that are used for detecting the level of gas or fluid in a storage tank or similar containers. These devices are employed in various industrial processes for measuring fluid levels in pressure vessels, drums, and tanks, among others.

• The expansion of the pharmaceutical sector is aiding the level gauge market growth. The high accuracy level of the instruments makes them suitable for various applications in the drug manufacturing processes.

• The increasing utilisation of level gauges in water treatment facilities is providing lucrative growth opportunities to the market. Various drinking water facilities often use level gauges and sensors for monitoring different filtration processes and water sources.

• The rising research and development activities to enhance the accuracy of the product is supporting the market expansion. Moreover, the utilisation of automated level gauges offers real-time display with enhanced accuracy and provides different advanced functions including leak detection and storage volume.

Global Level Gauge Market Analysis

On the basis of type, the market is divided into tank level gauges, fuel level gauges, water level gauges, and mechanical level gauges. Based on technology, the market is classified into magnetic, reflexive, and transparent, among others.

On the basis of end use, the market is categorised into oil and gas, chemical, water treatment, and marine, among others. Based on region, the level gauge market segmentation includes North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.

• ABB Ltd. 

• Honeywell International Inc. 

• Emerson Electric Co.  

• JOGLER LLC 

• KROHNE Messtechnik GmbH 

• KOBOLD Instruments, Inc. 

• OMEGA Engineering 

• Haci Ayvaz End. Mam. San. Tic. A.S. 

• Krueger Sentry Gauge 

• Others

Market Share by Technology

Transparent technology is anticipated to account for a significant level gauge market share in the coming years. The growing demand for petrochemicals, chemicals, and fertilisers is bolstering the segment growth and market expansion. Transparent level gauges allow the accurate measurement of fluid levels at high temperature and pressure. These gauges are best suited for interface liquid applications and chromatic liquids.

Market Share by Region

North America accounts for a significant share of the market. This growth can be attributed to the technological developments in the food processing, chemical, petrochemical, and pharmaceutical sectors, among others and rising adoption of automation. The expansion of the oil and gas sector is boosting the level gauge market demand. The increasing requirement for measurement equipment from various downstream and midstream sectors is further supporting the market expansion.

Competitive Landscape

ABB Ltd., headquartered in Zurich, Switzerland, is a leading automation machinery manufacturing company that was founded in 1988. The company specialises in level gauges, electric vehicles, semiconductors, marine vessels, and motors and generators, among others.

Honeywell International Inc. is an electronics manufacturing company that was founded in North Carolina, United States. The company manufactures and invents technologies for addressing various challenges linked with energy, safety, and security.

Emerson Electric Co. is an industrial machinery manufacturing company that specialises in food waste solutions, advanced manufacturing technologies, industrial automation, software, sensors, and level gauges, among others. The company was founded in 1890 and is headquartered in Missouri, United States.

Other level gauge market key players include JOGLER LLC, KROHNE Messtechnik GmbH, KOBOLD Instruments, Inc., OMEGA Engineering, Haci Ayvaz End. Mam. San. Tic. A.S., and Krueger Sentry Gauge, among others.

Key Highlights of the Report