Report : North America Level Gauge Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Gauge Type (Tank Level, Fuel Level, Water Level, and Mechanical Level), Technology (Magnetic Level Gauge, Reflex Level Gauge, Transparent Level Gauge, Tabular Level Gauge, and Others), and End-User (Oil & Gas, Food & Beverage, Chemical & Petrochemical, Marine, Energy & Power, and Others)
Tank Level segment to dominate the North America Level Gauge Market during 2021–2028
According to a new market research study on “North America Level gauge market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Gauge Type, Technology, and End-User” is expected to reach US$ 550.14 million by 2028 from US$ 376.21 million in 2021. The market is estimated to grow at a CAGR of 5.7% from 2021 to 2028. The report provides trends prevailing in the North America level gauge market along with the drivers and restraints pertaining to the market growth. Surging deployment of automatic tank gauge systems, incorporation of sensors in measurement systems, and elevating use of level gauge to measure water level are the major factor driving the growth of the North America level gauge market. However, freezing of measurement equipment in underground tanks hinders the growth of North America level gauge market.
The North America level gauge market is segmented on the basis of gauge type, technology, end-user, and country. Based on gauge type, the North America level gauge market is segmented into tank level, fuel level, water level, and mechanical level. In 2021, the tank level segment held a larger share of the market; and the fuel level segment is expected to register a higher CAGR during the forecast period. Based on technology, the market is segmented into magnetic level gauge, reflex level gauge, transparent level gauge, and tubular level gauge. In 2021, the magnetic level gauge segment held the largest market share; and it is also expected to register the highest CAGR in the market during the forecast period. Based on end-user, the market is segmented into oil and gas, food and beverage, chemical and petrochemical, marine, energy and power, and others. In 2021, the chemical and petrochemical segment held a larger share of the market; and it is also expected to register a higher CAGR during the forecast period. Further, based on country, the North America level gauge market is segmented into the US, Canada, and Mexico. In 2021, the US held the largest market share; and Canada is expected to grow at the fastest CAGR during the forecast period.
ABB Ltd.; Barksdale Inc.; Ayvaz; BinMaster; Jogler LLC; KOBOLD Messring GmbH; KROHNE Messtechnik GmbH; and Krueger Sentry Gauge Co. are among the leading companies in the North America level gauge market.
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