Global Radar Level Transmitters Market Is Valued At 648.21 Million USD In 2017 And Is Expected To Reach 818.58 Million USD By The End Of 2023
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The Global radar level transmitter market is valued at 648.21 million USD in 2017 and is expected to reach 818.58 million USD by the end of 2023, growing at a CAGR of 3.97% from 2017 to 2023.
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.
Based on end-user market, chemical industry consume the most radar level transmitter with the amount of 195 K units in 2017 followed by oil and gas industry with amount of 122 K units.
ABB, Emerson Electric, Siemens AG, Schneider Electric, Magnetrol International, VEGA Grieshaber KG, Yokogawa Electric, OMEGA Engineering, Honeywell, KROHNE, Matsushima Measure Tech, Dandong Top Electronics and Endress+Hauser are the major players in global market. Among them, ABB, Emerson Electric, Siemens AG, Schneider Electric and KRONE are the top five manufactures and they took a revenue share of 42.53% in 2017.
We tend to believe this industry will grow slowly in next five year. And the price will fluctuate in a small range.