Magnetic Level Gauge segment to dominate the Europe Level Gauge Market during 2021–2028

According to a new market research study on “Europe 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$ 470.41 million by 2028 from US$ 343.65 million in 2021. The market is estimated to grow at a CAGR of 4.7% from 2021 to 2028. The report provides trends prevailing in the Europe level gauge market along with the drivers and restraints pertaining to the market growth. Growing use of level gauge to measure water level, burgeoning deployment of automatic tank gauge systems, and inclusion of sensors in measurement systems are the major factor driving the growth of the Europe level gauge market. However, freezing of measurement equipment in underground tanks hinders the growth of Europe level gauge market.

The Europe level gauge market is segmented on the basis of gauge type, technology, end-user, and country. Based on gauge type, the Europe 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 Europe level gauge market is segmented into the France, Germany, Italy, the UK, Russia, and Rest of Europe. In 2021, Germany 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; jbj Techniques Ltd.; KOBOLD Messring GmbH; KROHNE Messtechnik GmbH; SensorsOne Ltd. are among the leading companies in the Europe level gauge market.

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