Stratview Research delivers key insights on the global Float Level Switches Market. According to Stratview Research, the market is segmented By Type (Top-mounted Type, Side-Mounted Type, Bottom-Mounted Type), Application (Oil & Gas Industry, Chemical Industry, Water/Wastewater Processing, Food & Beverage, Boiler Control), and Region.

The report also covers the Covid impact on the market. Covid-19 has impacted the market dynamics, competition, and global supply chain. The revenues have gone down in 2020 and an uptrend is witnessed from 2021.

Market Insights

The growth of the float level switches market is driven by increasing product use in the industrial sector for real-time management and control of levels in vessels or large containers. Rising government regulations are likely to boost the product demand further. Moreover, expanding industrialization in developing countries is likely to create lucrative opportunities for the players operating in the global market during the review period.

Market Segments' Analysis

Based on application, the market has been segmented into in oil & gas industry, chemical industry, water/wastewater processing, food & beverage, and boiler control. Among these, the oil & gas industry segment accounted for the largest market share in 2020 and is expected to propel the market growth at a significant rate during the review period. The segment growth can be attributed to expanding oil & gas exploration activities across the globe.

The market in the Asia-Pacific region accounted for the largest market share in 2020 and is expected to grow at a healthy CAGR during the review period. The regional market growth can be attributed to the strong presence of chemicals and food & beverage industries in China. Expanding industrialization in developing economies is likely to bolster market growth at a significant rate during the review period. The market growth in North America and European regions is expected to be driven by the established presence of the end-use industries.

Key Players

The following are some of the key players in the Float Level Switches Market:

  • J. Electro Systems, Inc. (US)
  • WIKA Alexander Wiegand SE & Co. KG (Germany)
  • Emerson Electric Co. (US)
  • Endress+Hauser (Switzerland)
  • Zhejiang Huanli Electric Co., Ltd (China)
  • ATMI Incorporated (US)
  • Dwyer Instruments Inc. (US)
  • Magnetrol International, Incorporated (US)
  • RIKO Float Technology co.,ltd. (US)
  • FineTek Co. (Taiwan)
  • NIVELCO Process Control Co. (Hungary)
  • Baumer Holding AG (Switzerland)
  • Youngjin Global Co.,Ltd. (South Korea)
  • Towa Seiden Industrial Co., Ltd (Japan)
  • Madison Group (Canada)
  • SMD Fluid Controls (US)
  • Emco Controls A / S (Denmark)
  • Zhejiang KRIPAL Electric Co., Ltd (China)

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