A float level switch is a type of level sensor that detects level of liquid within a tank. It operates with an internal magnetic reed switch and an external magnetic field mounted in the float. Inside the stem, there is an individual, hermetically sealed, electrically insulated, magnetically activated dry contact reed switch. It is vastly used for automatic level control in combination with groundwater, wastewater and sewage pumps, etc.
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In process automation, systems for process monitoring & control, operations management and process safety require increased use of sensors. Industrial & process systems use float level switches for real time measurement and control of level in large containers, silos or vessel. Thus, increasing process industries is facilitating the growth of float level switches across the globe. Furthermore, the stringent government regulations in various end-use industries are aiding the growth of float level switches market. For instance, there are improved regulations in food and beverages industries in order to maintain sanitation standards. These regulations are imposed to prevent harmful contamination in food & beverages to ensure public safety.
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Growth opportunities for the float level switches has been restricted due to increase in counterfeits and illegal copying of patented technology. Illegal manufacturers copy the external look and design of principal company’s products in the float level switches market. These counterfeited products are of poor quality and less reliable during the time of operation. Furthermore, there is an intense price based competition in the global float level switches market. The local players of developing countries are penetrating the markets of developed countries by providing affordable and efficient float level switches. As a result, international players are too reducing the price of their products in order to sustain in the global float level switches market.
The float level switches market can be classified on the basis of type, industry vertical, and geography. Based on type, the float level switches market can be segmented into top mounted side and side mounted side. In terms of industry vertical, the float level switches market can be segmented into chemical, oil and gas, food and beverage, water and waste water treatment, pharmaceuticals, and others.