Europe Level Gauge Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Gauge Type, Technology, and End-User

The Europe level gauge market is expected to grow from US$ 343.65 million in 2021 to US$ 470.41 million by 2028; it is estimated to register a CAGR of 4.7% from 2021 to 2028.

The water level gauge in a boiler indicates boiler’s water level when it is near the correct working level. Water can leak out of the boiler and cause significant damage to any equipment built to accept steam if the water level is too high. Heat transfer surfaces can be exposed to extreme temperatures and fail if the water level is too low. Therefore, constant monitoring of the water level of the boiler is required. Moreover, due to the ship's motion, a water level gauge at boiler’s ends is needed to monitor the level accurately. A circular glass tube kind of water level gauge is utilized for boiler pressures up to 17 bar. Cocks and pipes link the glass tube to the boiler shell. Packing rings are placed at the tube ends to ensure a tight seal and avoid leaks. A guard is frequently installed around the pipe to protect it from unintentional damage and prevent danger to anybody nearby if it shatters. The water level gauge is generally attached to the boiler directly. It consists of isolation cocks in the steam and water passageways and a drain cock. A plate-glass-type water level gauge is used for over 17 bar boiler pressures. The glass tube is replaced by a glass plate assembly housed in a metal enclosure. The group comprises a front and back metal plate sandwich, with glass plates and a center metal plate in between. A mica sheet is placed over the glass surface facing the water and steam, with joints between the glass and the metal plate. When bolting this gauge type together, it is imperative to ensure the bolts are tightened evenly. Failure to achieve this will result in leaking assembly and possibly shattered glass plates. Water level gauges are finding significant end-users in factories, chemical plants, electrical substations, and other liquid storage systems, thus opening new revenue streams for manufacturers and suppliers operating in this market.

With new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Europe level gauge market at a substantial CAGR during the forecast period.

Europe Level Gauge Market Segmentation

The Europe level gauge market is segmented on the basis of gauge type, technology, end-user, and country. Based on gauge type, the market is categorized into tank level, fuel level, water level, and mechanical level. In 2021, the tank level segment held the largest share of the market; and the fuel level segment is expected to register the highest 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 & gas, food & beverage, chemical & petrochemical, marine, energy & power, and others. In 2021, the chemical & petrochemical segment held the largest share of the market; and it is also expected to register the highest CAGR during the forecast period. Based on country, the Europe level gauge market is segmented into the France, Germany, Italy, the UK, Russia, and the Rest of Europe. In 2021, Germany held the largest market share; and it is also expected to grow at the highest CAGR during the forecast period.

ABB Ltd., Barksdale Inc., Ayvaz, BinMaster, jbj Techniques Ltd., KOBOLD Messring GmbH, KROHNE Messtechnik GmbH, and SensorsOne Ltd. are among the leading companies operating in the Europe level gauge market.