Report : South 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)
Magnetic Level Gauge is Expected to be the Fastest Growing Segment During the Forecast Period 2021–2028
According to a new market research study on “South 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$ 35.92 million by 2028 from US$ 29.38 million in 2021. The market is estimated to grow at a CAGR of 3.0% from 2021 to 2028. The report provides trends prevailing in the South America level gauge market along with the drivers and restraints pertaining to the market growth. Fostering Use of Level gauge to measure water level, growing deployment of automatic tank gauge systems, and amalgamation of sensors in measurement systems are the major factor driving the growth of the South America level gauge market. However, freezing of measurement equipment in underground tanks hinders the growth of South America level gauge market.
The South America level gauge market is segmented on the basis of gauge type, technology, end-user, and country. Based on gauge type, the South 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 South America level gauge market is segmented into Brazil, Argentina, and Rest of SAM. In 2021, Brazil held the largest market share; and it is also expected to grow at the fastest CAGR during the forecast period.
ABB Ltd.; Barksdale Inc.; Ayvaz; BinMaster; KOBOLD Messring GmbH; and KROHNE Messtechnik GmbH are among the leading companies in the South America level gauge market.
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