Level sensing technologies play an important role in numerous applications. One function, the measure of liquids, is an especially critical element for medical appliances like dialysis machines as well as in HVAC, breweries and so much more. Their role in detecting and monitoring the exact levels or temperatures of a substance makes it possible to keep accurate measurements, meet regulatory requirements and make it possible for the latest automation and connected technologies to operate accurately.
A recent look at market projections from Research and Markets uncovers that the level sensor market will reach $5.32 billion by 2023. That’s a compound annual growth rate of 5.66 percent from 2017 to 2023.
The biggest growth in the market is estimated to occur thanks to increases in the Industrial Internet of Things space and Industry 4.0 which is the move to connect automation and computers in manufacturing for “smart factories.” Other markets like healthcare and end-user applications are also aiding in the increased growth of the market.
As sensors become smaller, less costly, and more sophisticated, we’ll also see growth happening in industries like automotive manufacturing, semiconductor, and aerospace. Liquid level sensing in these markets is especially important for accurate fuel levels, water treatment, increasing safety and more.
Growth in APAC countries and the expansion of IIoT technologies is also expected to increase the market for level sensors.
SMD Fluid Controls provides liquid level sensors including custom-designed sensors to meet specific needs. We offer competitive pricing for OEM designs and applications including machined level sensors, optical sensors, ultrasonic level measurement, and more.