Market Overview:
The global radar level measurement device market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for radar level measurement devices in various industries such as petroleum, chemical, metallurgy and others. Additionally, the growing demand for intelligent type radar level measurement devices is also contributing to the growth of this market. However, factors such as high installation and maintenance cost may restrain the growth of this market during the forecast period.
Product Definition:
A radar level measurement device is a device that is used to measure the level of a substance in a container. This device uses radio waves to calculate the level of the substance. The importance of this type of measurement is that it can be used to measure the level of substances in containers that are difficult or impossible to access with other types of measurements.
Universal Type:
The global universal type level measurement device market size was valued at USD 1.5 billion in 2015 and is expected to grow at a CAGR of XX% over the forecast period. The increasing demand for level measurement devices across various industries such as oil & gas, water & wastewater, power generation, construction chemicals and mining is anticipated to drive the growth of this industry over the forecast period.
Intelligent Type:
Intelligent type is a technology that helps in the detection of objects by measuring their distance from the radar antenna. It measures the reflectivity or backscatter of signals received from objects. The term “intelligent” in this context does not mean human intelligence but rather it refers to an internal data processing mechanism used for decision making based on measured characteristics of reflected signals.
The major applications include level measurement, flow rate measurement, and tank testing among others.
Application Insights:
The others application segment includes electrical and electronics industry, civil aviation, marine industry and construction sector. The demand for level measurement devices in these sectors is expected to increase over the forecast period owing to growing use of level measurement devices in various applications including petroleum industry, chemical industry and metallurgy industries. Level measurement device is used as a tool for controlling the production process of different industries such as oil & gas, power generation etc. Radar level measuring equipment are used extensively across the oil & gas sector due to its ability to measure liquid levels with high accuracy even at long distances from the sensor.
The global radar level measuring device market has been further categorized into two segments based on application namely petroleum industry and other applications which include electrical & electronics; civil aviation; marine; construction sector among others.
Regional Analysis:
North America dominated the global level measurement device market in 2017. The U.S., being a developed nation, has witnessed significant growth in the petroleum industry over the past few years. This has led to an increase in demand for level measurement devices used for monitoring and controlling gas emissions from oil & gas facilities and pipelines across North America region.
The Asia Pacific is expected to be one of the fastest-growing regions during the forecast period owing to increasing government spending on infrastructure development projects coupled with rising energy demand from developing economies such as India, China, Indonesia, Malaysia and Thailand among others will drive regional growth over next eight years or so till 2030 time frame). Moreover European countries are also investing heavily in LNG terminals which will further boost product demand across this region during forecast period (2018 - 2030).
Growth Factors:
- Increasing demand for radar level measurement devices in process industries owing to the advantages offered by these devices over other types of level measurement devices.
- Growing popularity of smart cities and the increasing focus on automation and data-driven decision-making are expected to drive the demand for radar level measurement devices in municipal water and wastewater management applications.
- The increasing adoption of automated guided vehicles (AGVs) in material handling applications is projected to boost the demand for radar level measurement devices in industrial settings.
- Rapid growth of e-commerce and logistics sectors is expected to result in an increase in demand for conveyor belt based radar level measurement systems used for accurate inventory management and product tracking purposes across supply chains.
- Proliferation of IIoT platforms and growing interest among end users towards real-time monitoring & predictive maintenance are anticipated to create new opportunities for growth of the global market for Radar Level Measurement Devices during forecast period
Scope Of The Report
Report Attributes
Report Details
Report Title
Radar Level Measurement Device Market Research Report
By Type
Universal Type, Intelligent Type
By Application
Petroleum Industry, Chemical Industry, Metallurgy Industry, Others
By Companies
SIEMENS, ABB, SICK, Omega, ROSEMOUNT, Raytek, Endress+Hauser Group, HONDA, HACH, Contrinex, HYDAC, Fluke, Honeywell
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
245
Number of Tables & Figures
172
Customization Available
Yes, the report can be customized as per your need.
Global Radar Level Measurement Device Market Report Segments:
The global Radar Level Measurement Device market is segmented on the basis of:
Types
Universal Type, Intelligent Type
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
Petroleum Industry, Chemical Industry, Metallurgy Industry, 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:
- SIEMENS
- ABB
- SICK
- Omega
- ROSEMOUNT
- Raytek
- Endress+Hauser Group
- HONDA
- HACH
- Contrinex
- HYDAC
- Fluke
- Honeywell
Highlights of The Radar Level Measurement Device 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:
- Universal Type
- Intelligent Type
- By Application:
- Petroleum Industry
- Chemical Industry
- Metallurgy Industry
- 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 Radar Level Measurement Device 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:
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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?
A radar level measurement device is a tool used to measure the height of an object above a surface.
Some of the major companies in the radar level measurement device market are SIEMENS, ABB, SICK, Omega, ROSEMOUNT, Raytek, Endress+Hauser Group, HONDA, HACH, Contrinex, HYDAC, Fluke, Honeywell.
The radar level measurement device market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Radar Level Measurement Device 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 Radar Level Measurement Device Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Radar Level Measurement Device 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 Radar Level Measurement Device 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 Radar Level Measurement Device Market Size & Forecast, 2018-2028
4.5.1 Radar Level Measurement Device Market Size and Y-o-Y Growth
4.5.2 Radar Level Measurement Device Market Absolute $ Opportunity
Chapter 5 Global Radar Level Measurement Device 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 Radar Level Measurement Device Market Size Forecast by Type
5.2.1 Universal Type
5.2.2 Intelligent Type
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Radar Level Measurement Device 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 Radar Level Measurement Device Market Size Forecast by Applications
6.2.1 Petroleum Industry
6.2.2 Chemical Industry
6.2.3 Metallurgy Industry
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Radar Level Measurement Device 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 Radar Level Measurement Device 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 Radar Level Measurement Device Analysis and Forecast
9.1 Introduction
9.2 North America Radar Level Measurement Device 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 Radar Level Measurement Device Market Size Forecast by Type
9.6.1 Universal Type
9.6.2 Intelligent Type
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 Radar Level Measurement Device Market Size Forecast by Applications
9.10.1 Petroleum Industry
9.10.2 Chemical Industry
9.10.3 Metallurgy Industry
9.10.4 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 Radar Level Measurement Device Analysis and Forecast
10.1 Introduction
10.2 Europe Radar Level Measurement Device 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 Radar Level Measurement Device Market Size Forecast by Type
10.6.1 Universal Type
10.6.2 Intelligent Type
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 Radar Level Measurement Device Market Size Forecast by Applications
10.10.1 Petroleum Industry
10.10.2 Chemical Industry
10.10.3 Metallurgy Industry
10.10.4 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 Radar Level Measurement Device Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Radar Level Measurement Device 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 Radar Level Measurement Device Market Size Forecast by Type
11.6.1 Universal Type
11.6.2 Intelligent Type
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 Radar Level Measurement Device Market Size Forecast by Applications
11.10.1 Petroleum Industry
11.10.2 Chemical Industry
11.10.3 Metallurgy Industry
11.10.4 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 Radar Level Measurement Device Analysis and Forecast
12.1 Introduction
12.2 Latin America Radar Level Measurement Device 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 Radar Level Measurement Device Market Size Forecast by Type
12.6.1 Universal Type
12.6.2 Intelligent Type
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 Radar Level Measurement Device Market Size Forecast by Applications
12.10.1 Petroleum Industry
12.10.2 Chemical Industry
12.10.3 Metallurgy Industry
12.10.4 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) Radar Level Measurement Device Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Radar Level Measurement Device 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) Radar Level Measurement Device Market Size Forecast by Type
13.6.1 Universal Type
13.6.2 Intelligent Type
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) Radar Level Measurement Device Market Size Forecast by Applications
13.10.1 Petroleum Industry
13.10.2 Chemical Industry
13.10.3 Metallurgy Industry
13.10.4 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 Radar Level Measurement Device Market: Competitive Dashboard
14.2 Global Radar Level Measurement Device Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 SIEMENS
14.3.2 ABB
14.3.3 SICK
14.3.4 Omega
14.3.5 ROSEMOUNT
14.3.6 Raytek
14.3.7 Endress+Hauser Group
14.3.8 HONDA
14.3.9 HACH
14.3.10 Contrinex
14.3.11 HYDAC
14.3.12 Fluke
14.3.13 Honeywell
