Radar level device market to grow over 10% annually

Saturday, 01 November, 2003

The worldwide market for radar level devices is expected to grow at a compounded annual growth rate (CAGR) of 10.3% over the next fiveyears.

ARC believes that non-contact radar and contacting guided wave type devices represent the greatest potential for growth in the area of continuous level measurement in industries.

Radar level technology is relatively new and its adoption is largely driven by its ROI, low-maintenance, and high reliability considerations. Users are convinced about radar level technology and are accepting it in ever increasing numbers. As a level technology that first found acceptance in tank gauging, radar level devices have made considerable inroads into wider process applications.

Loop powered devices, preferred by the process industries, are becoming common. Additionally, battery-powered and wireless radar devices are appearing in the marketplace. These technological enhancements, combined with price reductions, are fuelling the growth of radar level devices. The replacement of traditional level measurement technologies with radar level devices has emerged as a major business opportunity.

According to the study, "Radar technology, in comparison to other competing technologies, offers many advantages. It provides an accurate and a reliable means to measure level."

Application of radar is growing in chemical, marine, and oil and gas industries. Hybrid industries such as food and beverage and pharmaceutical also present exciting growth opportunities.

Related News

Mount Thorley Warkworth mine extension approved

Rio Tinto has been given the go-ahead on its planned Mount Thorley Warkworth mine extension by...

Researchers increase pipeline oil flow with electric fields

Researchers have discovered that oil flow in pipelines can be smoothed by applying a strong...

Australian company TSG Consulting launches new services and technology

Australian advanced analytics company TSG Consulting is responding to growing demand for...

  • All content Copyright © 2020 Westwick-Farrow Pty Ltd