Radar Level Transmitter Market Size and Share to grow by 4.0% CAGR by 2024johndsouzaind | March 25, 2019 | 0 | Machinery and Equipments
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 transmitters are ideally used for harsh environment where dust, vapor, or a foaming surface prevents the usage of ultrasonic measurement. The radar level transmitters are used for liquids, solids, or interface application. Based on the type of radar, further classification can be done as FM-CW radar, guided wave, CW radar, 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 transmitters provide accurate and reliable results for any liquids and solids under high pressures and temperatures.
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In terms of sales volume, sales of radar level transmitter increased from 560 units in 2013 to 676K units in 2017 globally, registering a Compounded Annual Growth Rate CAGR of 3.91% during the analyzed period, 2013-2017. North America ranks the first in 2017, among which United States is dominating this area, with a sales share of 85.95% in 2017. Asia-pacific and Europe also play an important role in radar level transmitter market. They occupy more than 50% share of the market together. And among them, China ranks the first with sales of 103 K units and revenue of 90.41 Million USD in 2017.
According to this study, over the next five years the Radar Level Transmitters market will register a 4.0% CAGR in terms of revenue, the global market size will reach US$ 820 million by 2024, from US$ 650 million in 2019. In particular, this report presents the global market share sales and revenue of key companies in Radar Level Transmitters business, shared in Chapter 3.
This report presents a comprehensive overview, market shares, and growth opportunities of Radar Level Transmitters market by product type, application, key manufacturers and key regions and countries.
This study considers the Radar Level Transmitters value and volume generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Non-contact Radar Level Transmitter
Guided Wave Radar Level Transmitter
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Oil and Gas
Pharmaceutical and Biotech
Food and Beverage
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Middle East & Africa
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The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
VEGA Grieshaber KG
Matsushima Measure Tech Co., Ltd.
Dandong Top Electronics Instrument Group Co. Ltd
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
To study and analyze the global Radar Level Transmitters consumption value & volume by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Radar Level Transmitters market by identifying its various subsegments.
Focuses on the key global Radar Level Transmitters manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Radar Level Transmitters with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market growth potential, opportunities, drivers, industry-specific challenges and risks .
To project the consumption of Radar Level Transmitters submarkets, with respect to key regions along with their respective key countries .
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
Customization of this Report can be done as per client’s requirement.
Name: Jennifer Daniel
Organization: Planet Market Reports