Market Overview:
The global optical level sensor market is expected to grow at a CAGR of 6.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for continuous level monitoring in various industries and rising awareness about point level monitoring among consumers. Additionally, the growing demand for optical level sensors in wastewater treatment, oil and gas, and energy and power sectors is also contributing to the growth of this market. However, factors such as high installation cost may restrain the growth of this market during the forecast period. On basis of type, continuous level monitoring accounted for a larger share of the global optical level sensor market in 2017. This segment is expected to grow at a CAGR of 7% from 2018 to 2030 due to its ability to provide real-time data on liquid levels which helps reduce wastage and improve process efficiency across various industries.
Product Definition:
An optical level sensor is an instrument that uses light to determine the level of a liquid. It is important because it can be used in a variety of industries to measure the level of liquids, including water, oil, and fuel.
Continuous Level Monitoring:
Continuous level monitoring (CLM) is a technique to measure the concentration of analytes in real-time. It utilizes optical sensors and electronic nose to monitor the continuous process variable, such as temperature, pressure or chemical composition. CLM has gained significant importance owing to its ability to provide data that can be analyzed for trends and cycles allowing operators/supervisors to take preventive measures when required.
Point Level Monitoring:
Point-level monitoring is a technique used to measure the optical power of an individual point in an image. It can be used for various applications such as detection of blood flow in imaging, measurement of tissue absorption coefficient, and so on. The optical level sensor market has witnessed significant growth over the past few years owing to its rising usage across medical imaging applications.
Application Insights:
The level measurement devices find applications across various industries and verticals such as consumer goods, industrial manufacturing, chemicals, pharmaceuticals, wastewater treatment and oil & gas. The others application segment includes transportation and energy & power industry. In the transportation sector, optical level sensors are used to measure the height of containers at different locations in a shipping process to ensure safe delivery. Level measurement devices are also used in aerospace applications for monitoring critical liquid levels inside aircraft tanks or fuel cells during flight operations.
In the energy & power industry, they are used for measuring fluid levels inside electrical equipment such as transformers or reactors during maintenance activities or while moving from one location to another on an electric grid network.
Regional Analysis:
North America dominated the global market in 2017 owing to the presence of a large number of manufacturers and OEMs. The region is expected to maintain its dominance over the forecast period due to technological advancements, growing demand for consumer goods, and increasing government funding for wastewater treatment plants.
The Asia Pacific regional market is anticipated to grow at a lucrative rate over the forecast period owing to rapid industrialization, improving infrastructure facilities in countries such as China and India, rising population along with increasing disposable income levels among consumers. These factors are expected favorably impact industry growth during the forecast period from 2018 to 2030 in this region alone. Countries such as Japan have been observed investing heavily in Optical Level Sensing (OLS) solutions since they provide reliable data that can be used for process monitoring applications thereby benefitting manufacturing industries operating within these countries significantly. Moreover high-quality Japanese optical level sensors manufactured by companies including Fujitsu Ltd., Koninklijke Philips N.V.
Growth Factors:
- Increasing demand for optical level sensors in the automotive industry for fuel level measurement and other applications
- Growing demand from the process industries for accurate and reliable liquid level measurements
- Increasing adoption of optical level sensors in wastewater management applications
- Rising demand from the oil & gas sector for advanced liquid-level sensing solutions
- Proliferation of smart factories and IIoT across various industrial sectors
Scope Of The Report
Report Attributes
Report Details
Report Title
Optical Level Sensor Market Research Report
By Type
Continuous Level Monitoring, Point Level Monitoring
By Application
Consumer Goods, Industrial Manufacturing, Chemicals, Pharmaceuticals, Wastewater, Oil and Gas, Energy and Power, Healthcare, Others
By Companies
ABB, Emerson Electric, Endress+Hauser AG, Vega Grieshaber KG, Siemens AG, Honeywell International, First Sensor AG, KROHNE Messtechnik GmbH, Pepperl+Fuchs GmbH, Nohken, Texas Instruments
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
235
Number of Tables & Figures
165
Customization Available
Yes, the report can be customized as per your need.
Global Optical Level Sensor Market Report Segments:
The global Optical Level Sensor market is segmented on the basis of:
Types
Continuous Level Monitoring, Point Level Monitoring
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Consumer Goods, Industrial Manufacturing, Chemicals, Pharmaceuticals, Wastewater, Oil and Gas, Energy and Power, Healthcare, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- ABB
- Emerson Electric
- Endress+Hauser AG
- Vega Grieshaber KG
- Siemens AG
- Honeywell International
- First Sensor AG
- KROHNE Messtechnik GmbH
- Pepperl+Fuchs GmbH
- Nohken
- Texas Instruments
Highlights of The Optical Level Sensor Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Continuous Level Monitoring
- Point Level Monitoring
- By Application:
- Consumer Goods
- Industrial Manufacturing
- Chemicals
- Pharmaceuticals
- Wastewater
- Oil and Gas
- Energy and Power
- Healthcare
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Optical Level Sensor Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
An optical level sensor is a type of sensor that uses light to measure the height or depth of an object.
Some of the major companies in the optical level sensor market are ABB, Emerson Electric, Endress+Hauser AG, Vega Grieshaber KG, Siemens AG, Honeywell International, First Sensor AG, KROHNE Messtechnik GmbH, Pepperl+Fuchs GmbH, Nohken, Texas Instruments.
The optical level sensor market is expected to register a CAGR of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Optical Level Sensor Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Optical Level Sensor Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Optical Level Sensor Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Optical Level Sensor Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Optical Level Sensor Market Size & Forecast, 2018-2028
4.5.1 Optical Level Sensor Market Size and Y-o-Y Growth
4.5.2 Optical Level Sensor Market Absolute $ Opportunity
Chapter 5 Global Optical Level Sensor Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Optical Level Sensor Market Size Forecast by Type
5.2.1 Continuous Level Monitoring
5.2.2 Point Level Monitoring
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Optical Level Sensor Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Optical Level Sensor Market Size Forecast by Applications
6.2.1 Consumer Goods
6.2.2 Industrial Manufacturing
6.2.3 Chemicals
6.2.4 Pharmaceuticals
6.2.5 Wastewater
6.2.6 Oil and Gas
6.2.7 Energy and Power
6.2.8 Healthcare
6.2.9 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Optical Level Sensor Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Optical Level Sensor Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Optical Level Sensor Analysis and Forecast
9.1 Introduction
9.2 North America Optical Level Sensor Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Optical Level Sensor Market Size Forecast by Type
9.6.1 Continuous Level Monitoring
9.6.2 Point Level Monitoring
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Optical Level Sensor Market Size Forecast by Applications
9.10.1 Consumer Goods
9.10.2 Industrial Manufacturing
9.10.3 Chemicals
9.10.4 Pharmaceuticals
9.10.5 Wastewater
9.10.6 Oil and Gas
9.10.7 Energy and Power
9.10.8 Healthcare
9.10.9 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Optical Level Sensor Analysis and Forecast
10.1 Introduction
10.2 Europe Optical Level Sensor Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Optical Level Sensor Market Size Forecast by Type
10.6.1 Continuous Level Monitoring
10.6.2 Point Level Monitoring
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Optical Level Sensor Market Size Forecast by Applications
10.10.1 Consumer Goods
10.10.2 Industrial Manufacturing
10.10.3 Chemicals
10.10.4 Pharmaceuticals
10.10.5 Wastewater
10.10.6 Oil and Gas
10.10.7 Energy and Power
10.10.8 Healthcare
10.10.9 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Optical Level Sensor Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Optical Level Sensor Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Optical Level Sensor Market Size Forecast by Type
11.6.1 Continuous Level Monitoring
11.6.2 Point Level Monitoring
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Optical Level Sensor Market Size Forecast by Applications
11.10.1 Consumer Goods
11.10.2 Industrial Manufacturing
11.10.3 Chemicals
11.10.4 Pharmaceuticals
11.10.5 Wastewater
11.10.6 Oil and Gas
11.10.7 Energy and Power
11.10.8 Healthcare
11.10.9 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Optical Level Sensor Analysis and Forecast
12.1 Introduction
12.2 Latin America Optical Level Sensor Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Optical Level Sensor Market Size Forecast by Type
12.6.1 Continuous Level Monitoring
12.6.2 Point Level Monitoring
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Optical Level Sensor Market Size Forecast by Applications
12.10.1 Consumer Goods
12.10.2 Industrial Manufacturing
12.10.3 Chemicals
12.10.4 Pharmaceuticals
12.10.5 Wastewater
12.10.6 Oil and Gas
12.10.7 Energy and Power
12.10.8 Healthcare
12.10.9 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Optical Level Sensor Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Optical Level Sensor Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Optical Level Sensor Market Size Forecast by Type
13.6.1 Continuous Level Monitoring
13.6.2 Point Level Monitoring
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Optical Level Sensor Market Size Forecast by Applications
13.10.1 Consumer Goods
13.10.2 Industrial Manufacturing
13.10.3 Chemicals
13.10.4 Pharmaceuticals
13.10.5 Wastewater
13.10.6 Oil and Gas
13.10.7 Energy and Power
13.10.8 Healthcare
13.10.9 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Optical Level Sensor Market: Competitive Dashboard
14.2 Global Optical Level Sensor Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ABB
14.3.2 Emerson Electric
14.3.3 Endress+Hauser AG
14.3.4 Vega Grieshaber KG
14.3.5 Siemens AG
14.3.6 Honeywell International
14.3.7 First Sensor AG
14.3.8 KROHNE Messtechnik GmbH
14.3.9 Pepperl+Fuchs GmbH
14.3.10 Nohken
14.3.11 Texas Instruments
