The radar level transmitters market will register a CAGR of almost 5% by 2023.
In the oil and gas industry, the quality of the final products mainly depends on the raw material separation process. The separation process recovers solvents and additives and extracts impurities. Interfaces are commonly present during the separation process, and reliable data regarding the actual interface level becomes crucial during hydrocarbon processing.
The increase in the rig count is mainly attributed to the gradual rise in offshore drilling projects, especially in the Gulf of Mexico. The rise in the number of projects is due to the stabilization of the crude oil price, which increased the profit margin for drilling and production companies.
Stringent government regulations
Implementation of these regulations aids in the use of high-quality radar level transmitters in the process industries to reduce the risk of overflow of hazardous substances. Industry standards that monitor potentially explosive environments, toxic gas performance, open path performance, and flame and gas system are expected to play a significant role as growth drivers. Therefore, strict emission standards will lead to the demand for high-quality and technologically advanced radar level transmitters in the process industries.
Availability of alternatives
Ultrasonic level transmitters due to their low cost, pose a major challenge to radar level transmitters. In addition, ultrasonic level transmitters are a type of NC transmitters, they have limited moving parts and require low maintenance. Thus, the availability of cost-efficient ultrasonic level transmitters is impacting the growth of the global radar level transmitters market.
Competitive Landscape
The market appears to be moderately fragmented and with the presence of several vendors. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market's competitive landscape and offering information on the products offered by companies.
Key Players
ABB
Emerson Electric Co.
Endress+Hauser Management AG
Siemens
VEGA Grieshaber KG
Topics Covered
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: MARKET LANDSCAPE
Market ecosystem
Market characteristics
Market segmentation analysis
PART 04: MARKET SIZING
Market definition
Market sizing 2018
Market size and forecast 2018-2023
PART 05: FIVE FORCES ANALYSIS
Bargaining power of buyers
Bargaining power of suppliers
Threat of new entrants
Threat of substitutes
Threat of rivalry
Market condition
PART 06: MARKET SEGMENTATION BY END-USER
Comparison by end-user
Oil and gas - Market size and forecast 2018-2023
Chemical and petrochemicals - Market size and forecast 2018-2023
Water and wastewater treatment - Market size and forecast 2018-2023
Food and beverages - Market size and forecast 2018-2023
Power - Market size and forecast 2018-2023
Other end-users - Market size and forecast 2018-2023
Market opportunity by end-user
PART 07: CUSTOMER LANDSCAPE
PART 08: GEOGRAPHIC LANDSCAPE
Geographic comparison
APAC - Market size and forecast 2018-2023
Europe - Market size and forecast 2018-2023
North America - Market size and forecast 2018-2023
South America - Market size and forecast 2018-2023
MEA - Market size and forecast 2018-2023
Key leading countries
Market opportunity
PART 09: DRIVERS AND CHALLENGES
PART 10: MARKET TRENDS
Rising PPPs in water and wastewater treatment industry
Growing demand for wireless radar level transmitters
Technological advances in radar level transmitters
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