DUBLIN, Oct 24, 2018 /PRNewswire/ --

The vibration level switch market is estimated to reach USD 605.5 million by 2018 and USD 833.8 million by 2023, growing at a CAGR of 6.6% during that period.

Benefits over other point level measurement technologies, growing demand in pharmaceuticals and food & beverages industries, and emphasis on safety of overfill protection systems are the key factors driving the market's growth. The market has been segmented based on technology, application, industry, and region.

In 2018, vibrating fork technology is estimated to hold a larger share than vibrating rod technology in the overall vibration level switch market. Vibration level switches offer several advantages over other point level measurement technologies, such as high sensitivity, compact form factor, and cost-effectiveness; they offer reliable level measurements under harsh environments and hygienic applications.

Vibration level switches are used for measuring levels of liquids as well as solids. Liquids application is expected to dominate the vibration level switch market from 2018 to 2023. Point level measurement of liquids are often done in tanks, silos and containers. Ensuring the optimum level of the media is a critical task and should be performed with reliable and accurate instruments. Vibration level switches offer reliable and accurate point level measurement of liquids store in tanks, silos, and containers.

APAC is expected to be the fastest-growing market globally. The region has witnessed a significant growth in manufacturing activities due to low manufacturing costs and supportive local governments. Developing countries in APAC, such as China and India, are witnessing rapid industrial growth. India presents a huge opportunity for the vibration level switch market owing to the large-scale industrial development in the country. With rapid industrialization, the adoption of automation solutions in the country's manufacturing sector is increasing significantly. In addition, the growing number of power projects to meet the rising electricity demand in India has given momentum to the implementation of vibration level switches in such projects.

The chemicals industry is highly dependent on proper level control to ensure safety and efficiency. To maintain the functional safety of a plant, safety instrumented systems (SIS) are deployed. Vibration level switches are integral to safety instrumented systems for detecting high or low levels of hazardous chemicals. With regulations governing the industry becoming more stringent, there is an increase in demand for vibration level switches to ensure safe and efficient operations.Food & Beverages

Food & Beverages industry is expected to hold the largest share of the market in 2018. Quality and consistency are important in the food & beverages industry, which needs accurate and reliable level monitoring equipment. Point level measurement instruments operating in the food & beverages industry must comply with safety and hygiene regulations. Vibration level switches offer reliable point level measurement of liquids and bulk solids, under hygienic process conditions.

Pharmaceuticals:

Vibration level switches play an important role in the pharmaceuticals industry. These switches are used for point level detection in reaction vessels in multi-product or multi-line production facilities. Varying properties of to-be-measured substances pose challenges to level measurement systemsmeasuring conditions require point level switches that can operate under changing media as well as widely fluctuating density and viscosity. Vibration level switches offer accurate point level measurement of liquids and solids under such conditions.

As of 2017, Endress+Hauser (Switzerland), VEGA Grieshaber (Germany), Emerson Electric (US), KROHNE Messtechnik (Germany), and Siemens (Germany) were the major players in the vibration level switch market.

Other market players include ABB (Switzerland), AMETEK (US), Magnetrol International (US), Brkert Fluid Control Systems (Germany), Pepperl+Fuchs (Germany), Nivelco Process Control (Hungary), Finetek Group (Taiwan), Matsushima Measure Tech (Japan), Dwyer Instruments (US), and Flowline (US).

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights-Vibration Level Switch Market
4.1 Lucrative Opportunities for Vibration Level Switch Market
4.2 Vibrating Fork Level Switch Market, By Region
4.3 Vibrating Rod Level Switch Market, By Industry
4.4 Vibration Level Switch Market, By Technology
4.5 Vibration Level Switch Market in North America, By Industry and Country
4.6 Vibration Level Switch Market, By Region

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Benefits Over Other Point Level Measurement Technologies
5.2.1.2 Growing Demand in Pharmaceuticals and Food & Beverages Industries
5.2.1.3 Emphasis on Functional Safety of Overfill Protection Systems
5.2.2 Restraints
5.2.2.1 Impaired Performance in Certain Media
5.2.3 Opportunities
5.2.3.1 Possibilities With Newer Wireless Vibration Level Switch Designs
5.2.3.2 Industrial Growth in Emerging Economies
5.2.4 Challenges
5.2.4.1 Diversified Certification for End Markets
5.3 Value Chain Analysis

6 Vibration Level Switch Market, By Technology
6.1 Introduction
6.2 Vibrating Fork
6.2.1 Growing Demand for Vibrating Fork Switches in Overfill Prevention and Dry Run Protection Application
6.3 Vibrating Rod
6.3.1 Rising Adoption of Vibrating Rod Switches in Solids Measurement Application

7 Vibration Level Switch Market, By Application
7.1 Introduction
7.2 Liquids
7.2.1 Increased Demand for Point Level Detection of Hazardous Liquids in Safety-Critical Applications
7.3 Solids
7.3.1 Emergent Demand for Solids Measurement in Food & Beverages, Pharmaceuticals, and Chemicals Industries

8 Vibration Level Switch Market, By Industry
8.1 Introduction
8.2 Oil & Gas
8.2.1 Stringent Regulations Pertaining to Safety in Oil & Gas Drives Demand for Vibration Level Switches
8.3 Chemicals
8.3.1 Need for Increased Efficiency, Safety, and Productivity Driving Growth for Vibration Level Switches
8.4 Water & Wastewater
8.4.1 Rising Adoption in Dry Run Protection Applications in Water & Wastewater Industry
8.5 Food & Beverages
8.5.1 Demand for Detecting Minimum and Maximum Levels in Silos, Stirring and Batching Tanks, and Storage Tanks
8.6 Pharmaceuticals
8.6.1 Safety and Hygienic Requirement in the Pharmaceuticals Industry Driving Demand for Vibration Level Switches
8.7 Power Generation
8.7.1 Vibration Level Switches Offers Accurate Point Level Detection to Prevent Overfilling of Coal Bunkers and Storage Bins
8.8 Metals & Mining
8.8.1 Vibration Level Switches Meet the Required Demands of Safety and Reliability Needed in the Metals & Mining Industry
8.9 Others

9 Vibration Level Switch Market, By Region
9.1 Introduction
9.2 North America
9.2.1 US
9.2.1.1 US Accounted for the Largest Market Size in the Vibration Level Switch Market in North America
9.2.2 Canada
9.2.2.1 Food & Beverages Industry to Offer Lucrative Opportunity for the Vibration Level Switch Market During Forecast Period
9.2.3 Mexico
9.2.3.1 Mexico is Expected to Witness the Highest Growth in the Vibration Level Switch Market in North America
9.3 Europe
9.3.1 Germany
9.3.1.1 Industry 4.0 Initiative and Strict Industrial Safety Measures to Drive Demand for Vibration Level Switches
9.3.2 UK
9.3.2.1 Safety Regulations in Process Industries Demands Vibration Level Switches
9.3.3 France
9.3.3.1 Emphasis on Functional Safety in Process Industries Driving Growth of Vibration Level Switches
9.3.4 Italy
9.3.4.1 Presence of Substantial Chemicals and Food & Beverages Manufacturers in Italy
9.3.5 Rest of Europe
9.4 APAC
9.4.1 China
9.4.1.1 China to Account the Largest Share of the Vibration Level Switch Market in APAC
9.4.2 Japan
9.4.2.1 Demand for Vibration Level Switches is Rising From Safety Critical Applications in Japan
9.4.3 South Korea
9.4.3.1 Chemicals Industry to Offer Significant Growth Opportunity During the Forecast Period
9.4.4 India
9.4.4.1 Huge Growth Potential for Vibration Level Switches in Process Industries
9.4.5 Rest of APAC
9.5 RoW
9.5.1 South America
9.5.1.1 Adoption of Automation Technologies in Process Industries is Driving the Need for Vibration Level Switches
9.5.2 Middle East & Africa
9.5.2.1 Increasing Demand for Vibration Level Switches From Oil & Gas, Chemicals, and Petrochemical Industries

10 Competitive Landscape
10.1 Overview
10.2 Ranking Analysis: Vibration Level Switch Market
10.3 Competitive Scenario
10.3.1 Product Launches
10.3.2 Acquisitions
10.3.3 Business Expansions
10.3.4 Partnerships and Collaborations

11 Company Profiles
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, and MnM View)*
11.1 Key Players
11.1.1 Endress+Hauser
11.1.2 Emerson Electric
11.1.3 Siemens
11.1.4 Vega Grieshaber
11.1.5 Krohne Messtechnik
11.1.6 ABB
11.1.7 Ametek
11.1.8 Finetek
11.1.9 Magnetrol International
11.1.10 Dwyer Instruments
11.2 Other Key Players
11.2.1 Brkert Fluid Control Systems
11.2.2 Pepperl+Fuchs
11.2.3 Nivelco Process Control
11.2.4 Matsushima Measure Tech
11.2.5 Flowline

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