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 - Snapshot
Vibration level switches have numerous benefits, including ease of installation, the ability to setup and commission without the need of a medium is anticipated to drive demand in the global vibration level switch market. In addition, the ability to deliver consistent point level measurement regardless of installation location, grain size, viscosity, foam, temperature, and pressure. The widespread usage of vibrating level switches in a variety of process sectors demonstrates the technology's dependability. The gadgets prevent overfilling, show low and high positions within tanks, and work in a wide variety of temperatures. The importance of cost reduction and energy efficiency is rising, as is the optimal resource usage, increased use of industrial automation, and concentration on digitalized technologies like IIoT.
The many advantages of vibration level switches over other point level measuring technologies is estimated to have a direct impact on the market's growth in the forthcoming years. In addition, the growing demand from the end use sectors is projected to fuel growth of the global vibration level switch market. Vibration level switches also provide dependable point level monitoring of bulk solids and liquids in sanitary process settings, which contributes to the expansion of the market. In addition, the cost-effectiveness, dependability, and convenience of operation of vibrating fork level switches are expected to accentuate demand in the market. Widespread use of automation in process industries all across the world is anticipated to bolster growth of the market in the forthcoming years.
However, in the near future, degraded performance in some media is likely to pose a key constraint to the expansion of the global vibration level switch market. Besides, diverse certifications for multiple end industries also come with the potential to pose a threat to the market's growth as well. Vibrating fork switches are useful in a number of applications where level indication is required due to their robust design and product versions that include specific output characteristics, a choice of sensor materials, and variable probe length.
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 reports at TMR Research provide qualitative solutions that break the barriers of doubt or uncertainties when the stakeholders plan to expand their growth reach. The researchers compile the necessary information that enlightens the CXOs about the current growth opportunities in a specific market and enables them to make the most of the opportunities.
TMR Research is a leader in developing well-researched reports. The expertise of the researchers at TMR Research makes the report stand out from others. TMR Research reports help the stakeholders and CXOs make impactful decisions through a unique blend of innovation and analytical thinking. The use of innovation and analytical thinking while structuring a report assures complete and ideal information of the current status of the market to the stakeholders.
TMR Research has rich experience in developing state-of-the-art reports for a wide array of markets and sectors. The brilliance of the experts at TMR Research and their alacrity to conduct thorough research and create phenomenal reports makes TMR Research better than others.
5-Point Growth Formula
The 5-point growth formula developed by TMR Research provides an insight to the stakeholders and CXOs about the current situation in the market. The growth formula makes the report a perfect companion for the stakeholders and CXOs.
The 5-point growth formula includes the following points:
- Current and Future Threats
- Accurate Trend Analysis
- Regional Assessment
- Industrial Analogy
- COVID-19 Impact
Current and Future Threats
Along with studying the opportunities necessary for growth, threats are also an important aspect to look upon for the companies and stakeholders in a specific sector. TMR Research studies every negative aspect that will hinder the growth of a specific area of business and includes it in the report. The stakeholders and CXOs will have the benefit of assessing the threat and take the necessary steps to prevent the hindrance caused due to the threats.
Accurate Trend Analysis
Keeping up with the latest trends is crucial in any business or sector. While stakeholders are aware of the trends that are on the surface, TMR Researchers find trends that are deeply entrenched in the particular market or sector. The reports are constantly updated with the latest trends so that the stakeholders and CXOs can derive benefits from the trends and generate good revenues.
Regional Assessment
Demography forms an important part of the growth pattern of all the markets. Diving deep into the demographics enables maximum output from specific areas. The TMR Research team assesses every region and picks out the vital points that have a large impact on the growth of a market.
Industrial Analogy
The analysts at TMR Research conduct an all-round analysis on the competitive landscape of the market. The observations recorded by the analysts are added to the reports so that every stakeholder gets a glimpse of the competitive scenario and frame their business plans according to the situation.
COVID-19 Impact
The COVID-19 outbreak has changed the growth projections of numerous sectors and businesses. The analysts at TMR Research have conducted a conscientious survey on the markets after the pandemic struck. The analysts have put forth their brilliant and well-researched opinions in the report. The opinions will help the stakeholders to plan their strategy accordingly.
Flat 10% discount on Single User License if you prebook this report
Flat 10% discount on Multiple User License if you prebook this report
Flat 10% discount on Corporate License if you prebook this report