The level gauge market has seen considerable growth due to a variety of factors.
• The market size of the level gauge has seen substantial growth lately. A growth trajectory from $1.59 billion in 2024 to $1.67 billion in 2025 is predicted, at a compound annual growth rate (CAGR) of 5.2%.
This marked increase during the historic phase can be credited to factors such as industrial expansion, regulatory compliance, globalization, and the expansion of the energy sector.
The level gauge market is expected to maintain its strong growth trajectory in upcoming years.
• The market size for level gauges is anticipated to witness robust expansion in the forthcoming years, potentially reaching $2.13 billion by 2029, with a compound annual growth rate (CAGR) of 6.2%.
The projected growth within this period can be credited to various factors such as automation trends, environmental considerations, safety norms, and digitalization. Key trends expected during this forecast period encompass smart sensors, wireless solutions, remote monitoring, predictive maintenance, customization, and augmented reality (AR).
The expansion in oil and gas sectors is anticipated to trigger the rise of this level gauge marketplace in the future. Substantial industries in the energy market include oil and natural gas, where complex processes such as drilling, storing, and transporting oil, natural gas, and associated slurry occur. These processes take place in a range of production equipment and tanks, requiring precise measurements and control levels for standard production and safety of the equipment. A significant role is played by the oil level in the accurate calculation of oil storage, inventory determination, and calculation of transportation. This significance contributed to the oil and gas sector's expansion. For example, in September 2023, a report by the United Nations Conference on Trade and Development, a Swiss intergovernmental organization, noted the increase in oil and gas transactions by 6.0% and 4.6% respectively, in 2022 as the pandemic restrictions eased. Consequently, the expansion of the oil and gas sectors is fostering the demand for the level gauge market.
The level gauge market covered in this report is segmented –
1) By Type: Tank Level, Fuel Level, Water Level, Mechanical Level
2) By Technology: Magnetic Level Gauge, Reflex Level Gauge, Transparent Level Gauge, Tabular Level Gauge
3) By Industry: Oil and Gas, Chemicals, Petro-Chemicals, Pharmaceutical, Other Industries
Subsegments:
1) By Tank Level: Ultrasonic Level Gauges, Capacitive Level Gauges, Radar Level Gauges, Hydrostatic Level Gauges
2) By Fuel Level: Float Level Sensors, Optical Level Sensors, Capacitance Level Sensors
3) By Water Level: Submersible Level Sensors, Pressure Transducers, Tipping Bucket Level Sensors
4) By Mechanical Level: Sight Glass Level Gauges, Magnetic Level Gauges, Mechanical Float Level Gauges
Leading businesses in the level gauge market, such as Rochester Sensors, are getting ahead of the competition by launching innovative products like liquid level sensors. A liquid level sensor, as the name suggests, is a tool that measures the level of liquid in a tank or container. To cite an example, in September 2023, Rochester Sensors, a U.S. company specialising in level measurement solutions, unveiled its TLL155/TLL156/TLL157 liquid level sensors. These sensors come in variable resistive (TLL155 in ohms), voltage (TLL156 in volts), or current (TLL157 in milliamperes) outputs and are designed to be used with fuel gauges or PLCs. The sensors feature a 316 stainless steel probe and can be customised to 500mm or 1000mm standard lengths. They also allow custom length cutting and magnetic calibration for specific levels. These devices can operate in extreme temperatures ranging from -40°C to +85°C and withstand up to 1 BAR pressure. Moreover, they can survive a 1-meter fall on concrete and run on 9-36 VDC power with 80 VDC overvoltage protection.
Major companies operating in the level gauge market include:
• ABB Measurement & Analytics
• Barksdale Inc.
• JBJ Techniques Ltd.
• Jogler LLC
• KOBOLD Instruments Inc.
• KROHNE Messtechnik GmbH
• Krueger Sentry Gauge Co.
• SensorsONE Ltd.
• Keller America Inc.
• Yokogawa Electric Corporation
• BinMaster Inc
• Ayvaz
• Honeywell International Inc
• FPI Sensors International
• Matsushima Measure Tech
• Magnetrol International
• Omega Engineering Inc.
• PLT Mag Gage
• Zhejiang Jialong Mechanical Equipment Co. Ltd.
• TC Fluid Control
• VEGA Grieshaber KG
• FEEJOY Magnetic Level
• Dwyer Instruments Inc.
• ROSEMOUNT
• SIEMENS
• BÜRKERT
• IFM
• Klinger Group
• Flowtech Measuring Instruments Private Limited
North America was the largest region in the level gauge market in 2024. The regions covered in the level gauge market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa