Vibration Level Switch Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2028
Vibration Level Switch Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2028
Report Digest
Vibration Level Switch Market Introduction
The vibrating level switch market revenues surpassed US$ 604 million by the end of 2018, and it is likely to witness incremental growth to reach US$ 835 million by 2018. Benefits of vibrating level switched over traditional point level measurement technologies is among the primary drives of the vibration level switch market. Rising demand for vibration level switches in a wide range of end-user industries, including food & beverage and pharmaceuticals, is expected to trigger developments in the vibrating level switch market in the upcoming years.
Vibrating level switches are among the most widely used measurement instruments and find applications as overfill protection devices or low-level indicators in liquids. Vibration level switches can also be used in powdery solids and include a broad range of industrial applications, such as wet or dry indication in pipes, pump controls, high-low fail-safe limit switch, and overfill or dry run protection.
Vibration Level Switch Market Dynamics
Europe to Dominate with Increasing Adoption of Process Automation Technologies
Stringent machine safety regulations and functional safety directives implemented in European countries is one of the most important drivers of the vibration level switch market in Europe. Functional safety standards, such as IEC 61508, are developed by governing bodies, which industry player need to conform to with the adoption of measurement instruments, such as vibration level switches.
Furthermore, leading end-user industries in the European market for vibration level switch are increasingly adopting advanced process automation systems, which is providing an impetus to the demand for vibration level switches in the region. The rapidly-growing European food & beverages industry is expected to have a major contribution in creating more lucrative opportunities for stakeholders in the vibration level switch market in Europe.
Demand for Vibration Level Switches to Remain High in Liquid Applications
While vibration level switches are commonly used in both solid and liquids applications, incumbent industry manufacturers are adopting vibration level switches to ensure the safety of storage and transportation of dangerous liquids. Hazardous liquids are handled every day in various industrial applications, such as oil & gas and mining, which require sufficient overfill prevention systems. Thereby, vibration level switches are employed in these industrial applications to protect the environment and human health from potentially dangerous liquids.
Another important factor to boost demand for vibration level switches in liquid applications is the need for point level detection of hazardous fluids in process tanks and pipelines. High performance characteristics of vibration level switches including resistance to vibration, turbulence, foam, and build-up. Thereby, vibration level switches are witnessing high demand in liquid applications for seal pot low level indication, overfill prevention, and retention dike level alarms.
Some of the most prominent competitors operating in the competitive landscape of global vibration level switch market include –
- Endress+Hauser
- KROHNE Messtechnik
- Emerson Electric
- VEGA Grieshaber
- Siemens
- KROHNE Messtechnik
- ABB
- Dwyer Instruments
- Nivelco Process Control
- Bürkert Fluid Control Systems
- AMETEK
- Pepperl+Fuchs
- Flowline
- Finetek Group
- Magnetrol International
- Matsushima Measure Tech
Vibration Level Switch Market – Segmentation
The vibration level switch market can be bifurcated on the basis of:
- Technology
- Applications
- End-user Industry
Vibration Level Switch Market Segmentation – Technology
Based on the technologies, the vibration level switch market can be classified into:
- Vibrating Rod
- Vibrating Fork
Vibration Level Switch Market Segmentation – Applications
Based on the applications, the vibration level switch market can be classified into:
- Solids
- Liquids
Vibration Level Switch Market Segmentation – End-User Industry
Depending on the end-user industries, the vibration level switch market can be segmented into:
- Oil & Gas
- Water & Wastewater
- Chemicals
- Metals & Mining
- Food & Beverage
- Pharmaceuticals
- Power Generation
- Other (Pulp & Paper, Marine, and Cement Industry)
The study presents a granular assessment and quantitative evaluation of:
- Key growth factors and prominent trends
- Size and share of key segments in overall market
- Key challenges and winning imperatives
- Factors shaping competitive landscape
- Insights into how contours of market will change in coming years
- Technological advances
- New avenues and imminent investment pockets
- Regulatory landscape shaping current and future strategies of companies
The region-wise assessment includes market dynamics in:
- North America
- Asia Pacific
- Europe
- Latin America
- The Middle East and Africa
The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.
The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:
- Which key factors will shape the competitive landscape?
- Which trends will stimulate research and development activities in different geographies?
- Which are the lucrative growth areas and what is the size of potential they are likely contribute to the overall market?
- Which disruptions in market growth are likely to come with the new business models?
- Which are some of the recent overhauls in policies that may change the course of the market significantly?
- Which are the geographies that will form sizable sources of new streams to new and established players alike?
- How are top players likely to realign their strategy to counter the forces of competition?
- Which key strategies emerging players are likely to focus on to consolidate their position?
- Which changes in end-user preferences might affect the status quo held by the leading players?
- Which are some of the game-changing innovations influencing the projected share and revenue of the market and its segments?
Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.
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