Destination China as Level Sensors and Transmitters Markets Make a Comeback, Says Frost & Sullivan

Destination China as Level Sensors and Transmitters Markets Make a Comeback, Says Frost & Sullivan PR Newswire LONDON, Nov. 15, 2012 - Increased investments in manufacturing and greater automated production to fuel demand in emerging economies LONDON, Nov. 15, 2012 /PRNewswire/ -- Multiple advantages will fuel the continued dominance of non-contact level sensors in the global level sensors and transmitters markets. Overall, the market will make a recovery on the back of revived projects that were shelved or postponed during the economic recession. However, economic turmoil in Europe is causing many multinationals to reconsider their investment plans. In contrast, emerging economies such as China and India are witnessing greater investment and increasingly automated production. The continuous investments in manufacturing facilities are expected to be a strong driver for the instrumentation market in China, in particular. New analysis from Frost & Sullivan (http://www.sensors.frost.com), Global Level Sensors and Transmitters Markets, finds that the global level sensors and transmitters markets earned revenues of $4,048.7 million in 2011 and estimates this to reach $5,319.5 million in 2018. "Field instruments, such as level sensors and transmitters, are set to experience positive growth in China," noted Frost & Sullivan Senior Industry Analyst V. Sankaranarayanan. "This will be due to rising investments in areas such as petroleum, natural gas, and petrochemicals.