The radar level transmitter market size is projected to reach US$ 1189.09 million by 2031 from US$ 823.46 million in 2023. The market is expected to register a CAGR of 4.7% in 2023–2031. The growing demand for radar level transmitters in the food and beverage industry is likely to remain a key market trend.
Radar Level Transmitter Market Analysis
The radar level transmitter market is growing due to the benefits of high stability, dependability, and precision offered by these transmitters. In addition, increasing emphasis on asset optimization and effectiveness is boosting the growth of the market at a global level. Furthermore, there is a growing demand for wireless radar level transmitters, especially for applications in remote areas within the mining, oil and gas, and chemical and petrochemical sectors, which is further propelling the growth of the radar level transmitter market. Moreover, expanding industrial and economic improvements in emerging economies are creating new opportunities for market players to provide more advanced solutions to their customers, further boosting the growth of the radar level transmitter market.
Radar Level Transmitter Market Overview
Radar level transmitters are electronic devices used for measuring fluid levels. These level transmitters help to detect fluid levels using radar technology. Numerous industries, including food and beverage, manufacturing, construction, oil and gas, and industrial, make extensive use of radar level transmitter technology. This technology is based on calculating the time required to complete a trip between the transducer and the measured material level. Radar level transmitters are best suited for tough environments when mist, dust, or a foamy surface inhibits the use of an ultrasonic transmitter.
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Radar Level Transmitter Market: Strategic Insights
Market Size Value in US$ 654.5 Million in 2018 Market Size Value by US$ 996.0 Million by 2027 Growth rate CAGR of 4.8% from 2019-2027 Forecast Period 2019-2027 Base Year 2019
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Radar Level Transmitter Market: Strategic Insights
| Market Size Value in | US$ 654.5 Million in 2018 |
| Market Size Value by | US$ 996.0 Million by 2027 |
| Growth rate | CAGR of 4.8% from 2019-2027 |
| Forecast Period | 2019-2027 |
| Base Year | 2019 |
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Radar Level Transmitter Market Drivers and Opportunities
Growing Demand for Radar Level Transmitters in Water and Wastewater Industry
The water supply sector is being pressed to advance water treatment techniques as the requirement for consistent water quality grows, and the management of water quality becomes more strict and harsh. Radar level transmitter technology is a very economical alternative for water projects and is capable of measuring levels in harsh conditions. During the wastewater treatment process, selecting the appropriate wastewater level transmitter is essential. Radar level transmitters are used to monitor wastewater levels at each stage of the wastewater network and treatment technique, providing crucial control and process input, which is fueling the growth of the radar level transmitter market globally.
Emergence of Non-Contact Radar Level Transmitters
Non-contacting is a better fit for unclean, viscous, and corrosive applications, as well as when agitators are used. Non-contact radar transmitters use frequency-modulated continuous wave (FMCW) technology to assess levels. Furthermore, these transmitters are used to improve measurement precision and reliability and can be used for a wider range of applications. Moreover, the accuracy remains unaffected by variations in media density, temperature, dust, and pressure, which is further expected to create an opportunity for the growth of the radar level transmitter market.
Radar Level Transmitter Market Report Segmentation Analysis
Key segments that contributed to the derivation of the radar level transmitter market analysis are technology, frequency, medium, and industry vertical.
- Based on technology, the radar level transmitter market is segmented into guided wave radar, pulse, and FMCW. The guided wave radar segment held a larger market share in 2023.
- By frequency, the market is segmented into C&X band, K band, and W band. The C&X band segment held the largest share of the market in 2023.
- By medium, the market is segmented into solid and liquid. The solid segment held the largest share of the market in 2023.
- By industry vertical, the market is segmented into oil and gas, chemicals, food and beverage, and others. The oil and gas segment held the largest share of the market in 2023.
Radar Level Transmitter Market Share Analysis by Geography
The geographic scope of the Radar Level Transmitter Market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South America/South & Central America.
MEA is witnessing tremendous growth of radar level transmitters because of its tremendous use in the oil and gas and chemical sectors. As the region is one of the largest producers of oil & gas, the demand for this transmitter is increasing. According to the International Trade Administration, the United Arab Emirates is one of the top ten largest oil producers in the world. About 96% of the country’s oil reserves, around 100 billion barrels, are in Abu Dhabi. Similarly, Saudi Arabia has approximately 17% of the world’s proven petroleum reserves, making the country one of the largest exporters of petroleum. Also, the country has the second-largest proven oil reserves in the world. Furthermore, the governments of the above countries are taking various initiatives to increase the production of oil and petroleum, which is further fueling the growth of the radar level transmitter market.
Radar Level Transmitter Market Report Scope
Radar Level Transmitter Market News and Recent Developments
The Radar Level Transmitter Market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market for speech and language disorders and strategies:
- KROHNE, Inc. announced the addition of three 24 GHz and three 80 GHz OPTIWAVE Radar Level transmitters to its product line, which complement the existing 10 GHz devices. The entire range of OPTIWAVE 2-wire loop-powered FMCW radar level transmitters for liquids and solids is ideally suited to industries from chemical and petrochemical to mining, minerals, and metals processing and covers liquid and solid applications. (Press Release, 2022)
- Emerson announced the development of the Rosemount 1408H Level Transmitter, the world’s first non-contacting radar device designed specifically for the food and beverage industry. Dedicated features include a hygienic compact design, fast sweep technology, exceptional radar beam focusing, and IO-Link communications, helping manufacturers optimize the efficiency of their operations, reduce product losses, and ensure food safety. (Source: Emerson, Press Release, 2021)
Radar Level Transmitter Market Report Coverage and Deliverables
The “Radar Level Transmitter Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Market dynamics such as drivers, restraints, and key opportunities
- Key future trends
- Detailed PEST/Porter’s Five Forces and SWOT analysis
- Global and regional market analysis covering key market trends, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Tehchnology , Frequency , Medium , Industry Vertical
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
Growing demand for radar level transmitters in the water and wastewater industry are the major factors that propel the global radar level transmitter market.
The global radar level transmitter market was estimated to be US$ 823.46 million in 2023 and is expected to grow at a CAGR of 4.7% during the forecast period 2023 - 2031.
Rising use demand for radar level transmitters in the food and beverage industry is anticipated to play a significant role in the global radar level transmitter market in the coming years.
The global radar level transmitter market is expected to reach US$ 1189.09 million by 2031.
The key players holding majority shares in the global radar level transmitter market are AMETEK, ABB, Emerson Electric Co., Honeywell International Inc., KROHNE, Schneider Electric, Siemens, VEGA Grieshaber KG, APG Sensor, and Yokogawa Electric Corporation.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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