The Global Demand of Float Switch Sensor Market, Growth Analysis, Latest Trends and Forecast till 2031

The global demand for float switch sensors experienced a minor slowdown in the pandemic in 2020 due to shut-down of production hubs and other trade barriers. However the situation is getting stabilized in 2021 and the manufacturers are bringing updated products and services to catch global attention.In 2021, rising usage in process industries along with the use of IoT solutions is likely to add faster progress in the forthcoming years. Healthcare, aerospace, defense, construction and mining industries are among the industrial sectors highly opting for such level sensors.

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Leading vendors like Ametek Corporation, Vega Corporation, Madison, Savolite, Deeter Electronics, Hamilton Electronics and SMD Fluid Controls are spending in research and development projects and technological advancements to bring innovation for attracting customers in 2021.

For instance, Ametek Corporation introduced ‘Model 575’, a submersible level transmitter on August 2020. It is a hydrostatic product for quick andreliable level measurement suitable for different level monitoring needs including lift stations, inventory tank measurements, ponds, lakes, rivers, landfills, reservoirs or other kind of water treatment facility including power plants, steel mills, mines, refineries, municipal water and wastewater treatment facilities. The model indicates the measurement level by continuously measuring hydrostatic level pressure via its sensing element and transmitted by a 4-20 mA signal. This design is providing excellent linearity and repeatability, low hysteresis and long term stability to the users in 2021.

In addition to that, Emerson Corporation introduced a series of Rosemount Solid Level switches on 30th January, 2020 to optimize operations, provide point-level monitoring and support overfill prevention. It is based on four technologies enabling Emersion to offer a product portfolio for continuous and point level solids measurement. Vibrating fork, paddle, capacitance and vibrating rod switches within the rosemount range ensures monitoring of solid materials such as powders, grains and pellets in all silo types across industries including food and beverage, chemical, power, cement, mining and plastics industries. The switches require low levels of maintenance and are designed for operation in challenging environments including those with high pressures, dust and risk of explosion. Rosemount 2511 and 2521 vibrating fork switches provide solutions in applications involving light, fine-grained and powedered materials where measurement sensitivity is required whereas rosemount 2501 rotary paddle switch can be used as a full, demand  or empty detector in storage silos or process vessels. The switch is ideal for use with materials that have dielectric values as low as 1.5 and prevents material build-up where there is risk of coating.

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What are Float Switch Sensors?

Float switch sensors, equipped with reed switch technology, provide accurate measure of liquid level height in containers. To comply with the dimensions of the containers, float switch sensors come up with field-adjustable stem lengths, eliminating the need to employ multiple sensors. Furthermore, float switch sensors, such as ultrasonic sensors, are highly suitable in the areas where monitoring of every intermediate level of containers is paramount.

Additional incorporation of side mount in float switch sensors is finding its use in compact settings. The magnet located in the system actuates the reed contact after reaching a specified level. Side mounts in float switch sensors are made up of teflon to enable operation in high-viscosity or contaminated liquids. Float switch sensors ensure better durability by housing the switch, thereby preventing it from direct contact with the liquid.

The floating switches in float switch sensors confine their operation to chemical environments where industrial mixers or agitators are absent, while their rigid cousins can be employed in extreme levels of the tank to avoid damages due to industrial mixers. Availability of two mounting options allow reversible switching function, making the installation straightforward and cost-efficient. Furthermore, reduced water and power consumption of float switch sensors are set to be the goldmines of growth.

Reliability and flexibility in detecting level of liquid such as oil within a container or a tank has remained instrumental in driving the adoption of float switch sensors, in a bid to enhance quality of the respective application they are used in. For instance, the food and beverage manufacturing has always been under pressure to deliver products to meet consumer requirement and pass inspections of concerned authorities. Float switch sensor plays a vital role in maintaining liquid level in tanks to avoid improper formulation and overflow, thereby keeping the ingredients at suitable temperatures during the production process. In addition, float switch sensor being a cost efficient solution, it has witnessed significant proliferation across industrial applications including oil and gas, chemical processing and water treatment plants, to name a few.

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Furthermore, the use of float switch sensor in determining level of diesel liquids or coolants is likely to grow with increase in the production of passenger cars and commercial vehicles and expanding automotive aftermarket. However, with growing technological advancements, companies have developed optical sensors, a relatively high-priced solution, that have high efficiency in detecting fluid levels. Introduction of optical sensors are likely to impede the adoption and sales of float switch sensors, in turn restricting the growth of the float switch sensor market.    

Global Float Switch Sensor Market Dynamics

Increasing demand for float switch sensors from the food and beverage industry and the petrochemical industry is anticipated to be a major driving factor. Moreover, float switch sensors limit the waste of electricity and water and are easy to install. These factors are expected to drive the boost sales of float switch sensors during the assessment period. In addition, the different benefits of float switch sensors, such as power saving, automatic operation and reliable electronic design is becoming an appealing factor for many end-users.

Lack of awareness regarding several different applications is expected to be a deterrent to the growth of the float switch sensor market over the forecast period.

Segmentation

By type, key segments include,

• Vertical Switches
  • Top Mounted
  • Bottom Mounted
• Horizontal Switches
• Custom Multi-level Switches

By material, key segments include,

• Stainless Steel Float Switches Sensors
• Plastic Float Level Switches Sensors
• Miniature Stainless Steel Float Switches Sensors

By application, key segments are,

• Food & Beverage
• Chemical Processing
• Water Treatment Plant
• Petrochemical
• Shipbuilding
• Aircraft and Aerospace

Regional Outlook

North America is anticipated to witness immense growth, owing to expansion of the chemical industry. Moreover, the region is also experiencing a rise in the demand for float switch sensors from the food and beverage industry.

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Asia Pacific is expected to dominate the float switch sensor market, due to the anticipated growth of the shipbuilding industry in the coming years. Western Europe, in particular, is expected to witness growth due to the expected growth in the oil & gas industry during the forecast period.

The Middle East and Africa region is also projected to support the growth of the float switch sensor market over the forecast period, owing to the presence of large oil refineries in the region. Latin America and Japan are expected to grow with substantial CAGRs during the forecast period.

Competitive Lanscape

Examples of some of the market participants identified across the value chain include:

• SMD Fluid Controls
• Hamilton Electronics
• Madison Company
• MATelec Australia
• FPI Sensors
• Cynergy Components
• Savolite
• Deeter Electronics Ltd.
• Gems Sensors
• S.R.I. Electronics

This analytical research study imparts an all-inclusive assessment on the market, while propounding historical intelligence, actionable insights, and industry-validated & statistically-upheld market forecast. Verified and suitable set of assumptions and methodology has been leveraged for developing this comprehensive study. Information and analysis on key market segments incorporated in the report has been delivered in weighted chapters. A thorough analysis has been offered by the report on

• Market Dynamics
• Market Size
• Market Segments
• Demand & Supply Trends
• Current Issues and Challenges
• Companies and Competitor Landscape
• Value Chain
• Technology

Regional Segments Analyzed Include

• North America (U.S., Canada)
• Latin America (Mexico. Brazil)
• Western Europe (Germany, Italy, France, U.K, Spain)
• Eastern Europe (Poland, Russia)
• Asia Pacific (China, India, ASEAN, Australia & New Zealand)
• Japan
• Middle East and Africa (GCC, S. Africa, N. Africa)

Compilation of authentic and first-hand intelligence, insights offered in the report are based on quantitative and qualitative assessment by leading industry experts, and inputs from opinion leaders & industry participants around the value chain. Growth determinants, macroeconomic indicators, and parent market trends have been scrutinized and delivered, coupled with the market attractiveness for each market segment encompassed. Qualitative impact of growth influencers across regions has also been mapped by the report.