China Level Sensor Market
- Report Code: LE 1035
- Publish Date: Upcoming
Level sensors are widely used across several industrial segments for level measurement. Due to advancement in level sensing technologies and high requirements in various application fields such as consumer, automotive, petrochemicals, water and wastewater management, chemicals, transportation, industrial, power and manufacturing sector the level sensor market is expected to grow in the forecasted period 2013 to 2018. The government initiatives in developing economies like China are acting as strong driving force for the level sensor market growth. The use of Nano-Electro-Mechanical systems (NEMS technology) which help to reduce the size of modern devices and allows high sensing performance is the biggest opportunity for all level sensor manufacturers in the industry. China dominates the market of level sensor in APAC region with $332 million in 2012 and expected to grow $758 million in 2018, at an estimated CAGR of 14.8% from 2013 to 2018.
The report “China level sensor, 2013-2018 “analyzes the market of level sensor by 7 major Applications, namely computing & ICT sector, consumer sector, automotive & transportation sector, industrial, power & manufacturing sector, military and defense, healthcare and agriculture. Industrial, power & manufacturing sector dominates the application market in China with highest revenue, second biggest market by application in China is Automotive & Transportation.
China is considered to be a huge market for level sensors due to continuously booming economy. Industries like mining, automotive, food and beverages, power generation, pulp and paper, plastics and chemicals are expected to show high growth in the future. In steel production for 2011, China holds nearly 28% share worldwide as compared to 17% in 1995. Petrochemicals and related process are expected to witness a flat growth of 5% for the next five years. China has wisely capitalized on the effect of recession through its automotive growth. In 2007, the production of LMV in China was 8.2 million. It increased the automotive production to 17.5 million in 2011, at a CAGR of 13.4% from 2007 to 2010.
The report also provides an extensive competitive landscaping of companies operating in this market. Segment and country specific Company shares, News & Deals, M&A, segment specific pipeline products, product approvals and product recalls of the major companies have been detailed.
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- Country specific data of applications, such as computing & ICT sector, consumer sector, automotive & transportation sector, industrial, power & manufacturing sector, military and defense, healthcare and agriculture
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