The global microwave level sensor market is expected to grow from USD 662.4 million in 2015 to USD 1,237.4 million by 2022, at a CAGR of 8.9% from 2016 to 2022. The market for global microwave level sensor is in the growth phase, and is expected to grow rapidly during the forecast period.
Inquiry before Buying:
http://www.micromarketmonitor.com/contact/2103488935-inquery_before_buy.html
Increasing demand of greater accuracy from process industries is the major driver for the global microwave level sensor market. The need for accuracy in various process industries, such as chemicals & petrochemical, food & beverages, gasoline, paint, pharmaceutical, ceramics, metals & mining, pulp & paper, and biotechnology industries has increased the demand for microwave level sensors owing to their accurate measuring capacity despite various barriers. For instance, microwave level sensors can be used for the measurement of viscous materials in chemical plants, despite the vapor, heat, and false reflections.
Request for Customizations:
http://www.micromarketmonitor.com/contact/2103488935-request_for_customization.html
The global microwave level sensor market is segmented on the basis of sensing technology, monitoring type, application, and geography. On the basis of sensing technology, the market has been segmented into microwave/radar sensing and guided wave level sensing technologies. Based on monitoring type, the market has been segmented into continuous level and point level monitoring.
On the basis of application, the market is segmented into industrial application, healthcare, food & beverage, energy & power, water & wastewater, oil & gas, and others. Industrial application is the largest application segment of the microwave level sensor market, followed by water & wastewater, and oil & gas. The industrial application segment is expected to grow at the highest CAGR during the forecast period 2016 to 2022.
On the basis of region, the microwave level sensor market is segmented into North America, Latin America, Europe, Asia-Pacific, and Rest of the World. The microwave level sensor market in Asia-Pacific is expected to grow at the highest CAGR during the forecast period. The Asia-Pacific market is expected to witness high growth owing to the increase in demand by various end-use industries, such as food & beverage, chemicals, and semiconductors.
