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
Wednesday, 20 Mar, 2019
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.