Magnetic Float Level Sensors

Magnetic Float Level Sensors Market Outlook

The global magnetic float level sensors market is projected to reach approximately USD 2.5 billion by 2035, expanding at a compound annual growth rate (CAGR) of around 7.5% during the forecast period from 2025 to 2035. Key growth factors driving this market include the rising demand for precise and reliable level measurement in various industries, particularly in oil and gas, chemicals, and water management. Additionally, advancements in technology, such as the integration of magnetic float level sensors with IoT systems, are enhancing the usability and efficiency of these sensors, driving their adoption across sectors. The ongoing shift towards automation in manufacturing processes and the increasing need for efficient resource management further bolster the growth prospects of the magnetic float level sensors market. Furthermore, the growing regulatory standards for safety in industries like pharmaceuticals and food and beverage are pushing manufacturers to adopt reliable level measurement solutions, thereby contributing to market expansion.

Growth Factor of the Market

The growth of the magnetic float level sensors market can be attributed to several critical factors. Firstly, the increasing focus on industrial automation is catalyzing the demand for more accurate and efficient level measurement systems. Industries are increasingly leveraging automation to streamline operations and reduce human error, which drives the need for dependable measuring instruments. Secondly, the rise in environmental regulations and the need for sustainable practices are compelling industries to adopt reliable monitoring solutions to manage resources efficiently. Thirdly, the burgeoning oil and gas sector is significantly contributing to market growth, as reliable level sensors are essential for safe and efficient operations in this volatile industry. The growing trend of smart cities and infrastructure development also fuels the demand for magnetic float level sensors, particularly in water management applications. Lastly, the ongoing technological advancements in sensor technology, including wireless connectivity and IoT integrations, are further enhancing their functionality and appeal to end-users, thereby propelling the market forward.

Key Highlights of the Market

• Projected global market size of USD 2.5 billion by 2035 with a CAGR of 7.5%.
• Strong demand in industries such as oil and gas, chemicals, and pharmaceuticals.
• Technological advancements leading to the integration of IoT and automation.
• Growing regulatory standards for safety and resource management.
• Increasing focus on sustainable practices and environmental compliance.

By Product Type

Top Mount:

Top mount magnetic float level sensors are designed for installation at the top of a tank or vessel, providing a reliable means of measuring liquid levels. These sensors are widely recognized for their simplicity and effectiveness, ensuring accurate readings across various applications. Their installation process is relatively straightforward, requiring minimal alterations to the existing infrastructure. Top mount sensors are particularly advantageous in applications where space is a constraint, as they do not require additional clearance for side mounting. Additionally, they are less prone to mechanical damage, making them suitable for high-vibration environments. The versatility of top mount sensors allows them to be employed in diverse industries, including oil and gas, chemicals, and water management, contributing to their popularity and market growth.

Side Mount:

Side mount magnetic float level sensors are characterized by their installation on the side of a tank or vessel, allowing for continuous monitoring of liquid levels. These sensors are particularly beneficial in applications where headroom is limited, as they do not require access from the top. The float operates along a guide tube, offering precise level measurement even in turbulent conditions. Side mount sensors are commonly used in wastewater treatment facilities, chemical processing plants, and various industrial applications, as they provide reliable readings in challenging environments. Their robust design and ability to handle a wide range of liquid types further enhance their appeal among end-users, leading to increased adoption across various sectors.

External Cage:

External cage magnetic float level sensors utilize a cage-like structure to house the float, providing protection and ensuring reliable operation in harsh environments. These sensors are specifically designed to withstand extreme conditions, making them ideal for applications in the oil and gas and chemical industries. The external cage protects the float from potential damage due to turbulence or physical interference, thereby ensuring accurate level readings. Additionally, these sensors can be customized to meet specific industry requirements, including high-temperature and high-pressure applications. Their ability to operate effectively in challenging conditions positions external cage sensors as a crucial component in industries requiring high reliability in level measurement.

Continuous Level Measurement:

Continuous level measurement magnetic float sensors are designed to provide real-time monitoring of liquid levels, offering continuous feedback to operators. This type of sensor is particularly valuable in industries where maintaining specific liquid levels is critical for process efficiency and safety. Continuous monitoring aids in proactive decision-making and helps prevent overflows or dry runs, ultimately enhancing operational safety. These sensors are commonly used in applications such as tank farms, water treatment plants, and chemical storage facilities, where accurate and timely data is crucial. The growing emphasis on automation and real-time monitoring in industrial operations is further propelling the adoption of continuous level measurement sensors.

Miniature:

Miniature magnetic float level sensors are compact devices designed for applications where space is a constraint. Despite their small size, these sensors maintain high levels of accuracy and reliability, making them suitable for various applications, including small tanks and confined spaces. Their compact design allows for easy integration into existing systems, further driving their popularity. Miniature sensors are particularly favored in the food and beverage industry, pharmaceuticals, and laboratory applications, where precise level measurement is paramount. As industries continue to seek efficient solutions for small-scale applications, the market for miniature magnetic float level sensors is expected to grow significantly.

By Application

Oil & Gas:

In the oil and gas industry, magnetic float level sensors are essential for ensuring the safe and efficient management of liquids in various processes, including exploration, extraction, and refining. These sensors provide accurate level measurements critical for avoiding spills, overflows, and other hazardous situations. The volatile nature of the substances involved necessitates the use of reliable and robust measurement tools that can withstand harsh operating conditions. Consequently, the demand for magnetic float level sensors in this sector is driven by the increasing need for safety and regulatory compliance. Additionally, the automation of processes in oil and gas operations further boosts the adoption of these sensors, as they enable real-time monitoring and control of liquid levels.

Chemicals:

The chemicals sector employs magnetic float level sensors for monitoring the levels of various liquids during production and storage. Given the diverse range of chemicals that are handled, it is critical to utilize sensors that can operate efficiently despite varying densities and compositions. Magnetic float sensors can accommodate a wide array of chemical media, ensuring that level measurement remains accurate even in challenging conditions. The increasing emphasis on safety and compliance with environmental regulations in the chemical industry further drives the adoption of these sensors, as they play a vital role in preventing leaks and spills, thereby safeguarding both personnel and the environment.

Water & Wastewater:

In water and wastewater management, magnetic float level sensors are crucial for monitoring liquid levels in treatment plants, reservoirs, and distribution systems. These sensors provide real-time data that aids in the efficient management of water resources, ensuring that levels remain within safe limits. With the growing global emphasis on sustainable water management practices, the demand for reliable level measurement solutions is surging. Magnetic float level sensors enable operators to optimize their processes, reduce water wastage, and maintain compliance with regulatory requirements. As municipalities and industries increasingly invest in water treatment infrastructure, the market for magnetic float level sensors in this application is expected to expand significantly.

Food & Beverage:

In the food and beverage industry, maintaining high hygiene standards is paramount, and magnetic float level sensors are designed to meet these stringent requirements. These sensors are utilized for level measurement in various processes, including brewing, bottling, and storage of liquids. Their non-contact design and reliable performance are essential for ensuring compliance with food safety regulations. The growing trend towards automation in the food and beverage sector further drives the adoption of magnetic float level sensors, as they provide accurate monitoring that enhances operational efficiency and product quality. Additionally, as consumers continue to demand higher quality and safety standards in food products, manufacturers are increasingly relying on reliable level measurement solutions.

Pharmaceuticals:

In the pharmaceutical industry, magnetic float level sensors play a critical role in maintaining accurate levels of liquids during production and storage. Given the sensitive nature of pharmaceutical products, these sensors must provide precise measurements to ensure that formulations meet stringent quality standards. The reliability and accuracy of magnetic float level sensors make them suitable for applications such as IV solutions, drug formulation, and manufacturing processes. The growing focus on biopharmaceuticals and personalized medicine further underscores the importance of accurate level measurement, prompting increased investment in advanced sensor technologies. As the pharmaceutical industry continues to evolve, the demand for magnetic float level sensors is expected to grow significantly.

By Distribution Channel

Direct Sales:

Direct sales channels play a significant role in the distribution of magnetic float level sensors, offering manufacturers the opportunity to engage directly with customers. This sales model enables companies to provide personalized service, ensuring that clients receive the right sensors tailored to their specific applications. Direct sales also facilitate better communication regarding product functionality, installation, and maintenance. As industries increasingly seek customized solutions for their level measurement needs, direct sales channels are becoming more prominent. Companies leveraging this model can build strong relationships with their clients, enhancing customer loyalty and driving repeat business.

Indirect Sales:

Indirect sales channels, including distributors and dealers, are crucial for expanding the reach of magnetic float level sensors across various markets. These channels enable manufacturers to tap into established networks, allowing them to penetrate regions that might be challenging to access through direct sales. Indirect sales partners often possess in-depth knowledge of local markets, providing valuable insights into customer preferences and trends. By leveraging these relationships, manufacturers can enhance their product offerings and ensure better service delivery. Additionally, indirect sales channels facilitate quicker market response times, allowing companies to adapt to changing customer demands and industry landscapes more efficiently.

By Material Type

Stainless Steel:

Stainless steel is a widely used material for magnetic float level sensors due to its durability and resistance to corrosion. These sensors are suitable for applications involving harsh chemicals and extreme temperatures, making them ideal for industries such as oil and gas, chemicals, and pharmaceuticals. The robustness of stainless steel ensures that the sensors maintain their integrity over time, providing reliable performance in challenging environments. Additionally, stainless steel sensors are easy to clean and maintain, which is critical in industries where hygiene standards are paramount. As a result, the demand for stainless steel magnetic float level sensors is expected to remain strong across various applications.

PVC:

PVC (polyvinyl chloride) is another popular material used in magnetic float level sensors, particularly in applications where cost-effectiveness and chemical resistance are essential. PVC sensors are lightweight and easy to install, making them suitable for various industries, including water management and wastewater treatment. The versatility of PVC allows these sensors to handle a range of liquid types, although they are best suited for less aggressive chemicals. As industries increasingly seek affordable yet reliable level measurement solutions, the use of PVC magnetic float level sensors is anticipated to grow. Their favorable properties, coupled with their cost-effectiveness, position them as a viable choice for many applications.

PP:

Polypropylene (PP) magnetic float level sensors are favored for their lightweight nature and excellent chemical resistance, making them ideal for applications in the chemical and wastewater treatment industries. These sensors can effectively handle a wide variety of liquids, including corrosive substances, ensuring accurate level measurement. The flexibility of PP allows for easy installation in small or confined spaces, providing added convenience for users. The affordability of PP sensors also makes them an attractive option for industries looking to optimize costs while maintaining reliable performance. As the demand for chemical-resistant solutions continues to rise, the market for PP magnetic float level sensors is expected to expand.

PTFE:

PTFE (polytetrafluoroethylene) magnetic float level sensors are recognized for their exceptional chemical resistance and low friction properties, making them suitable for the most challenging environments. These sensors can withstand harsh substances, including strong acids and bases, while maintaining accurate level measurements. PTFE’s inert nature ensures that it does not react with the liquids being measured, providing an added layer of safety in sensitive applications such as pharmaceuticals and food and beverage processing. Although PTFE sensors may come at a higher cost compared to other materials, their reliability and durability make them a worthwhile investment for industries where safety and compliance are paramount.

Brass:

Brass magnetic float level sensors offer a blend of durability and cost-effectiveness, making them suitable for a variety of industrial applications. While brass is not as resistant to corrosion as stainless steel or PVC, it can still perform well in less aggressive environments. These sensors are commonly used in applications such as water management and HVAC systems. The ease of fabrication of brass allows manufacturers to produce customized solutions that meet specific customer needs. As industries seek versatile and reliable level measurement tools, the demand for brass magnetic float level sensors is expected to remain steady.

By Region

The magnetic float level sensors market is experiencing significant growth across various regions, with North America and Europe leading the charge. North America is projected to account for approximately 35% of the global market share by 2035, driven by the robust oil and gas sector and a growing emphasis on industrial automation. The region's strong regulatory framework ensures the adoption of reliable level measurement solutions, further propelling market growth. Europe, with its stringent environmental regulations and advanced manufacturing capabilities, is also witnessing substantial growth, anticipated to reach a market share of around 30% during the same period. The increasing focus on sustainability and resource management in the region is contributing to the higher adoption of magnetic float level sensors across various applications.

Asia Pacific is expected to showcase the highest CAGR of approximately 8% during the forecast period, with rapidly growing economies such as China and India significantly contributing to market expansion. The region's increasing industrial activities, coupled with the rising demand for water treatment solutions, are fueling the adoption of magnetic float level sensors. Additionally, the rising investments in infrastructure development and the growing emphasis on smart cities are creating new opportunities for market players. Latin America and the Middle East & Africa are also expected to experience growth, though at a relatively slower pace, primarily driven by the oil and gas sectors in these regions. Collectively, these regions are set to play a crucial role in shaping the future of the magnetic float level sensors market.

Opportunities

The magnetic float level sensors market presents several opportunities for growth, particularly in emerging economies where industrialization is on the rise. As countries in Asia Pacific and Latin America continue to develop their industrial infrastructure, the demand for reliable level measurement solutions is expected to surge. Industries such as oil and gas, chemicals, and water management are likely to drive this demand, providing market players with opportunities to expand their presence. Furthermore, the increasing trend towards automation in manufacturing processes globally presents a significant opportunity for the adoption of advanced magnetic float level sensors. Companies that invest in research and development to create innovative solutions that incorporate IoT and smart technology will be well-positioned to capitalize on these growing market opportunities.

Additionally, the rising focus on environmental sustainability is creating avenues for growth within the magnetic float level sensors market. Industries are increasingly adopting green practices and seeking solutions that support efficient resource management. Magnetic float level sensors play a vital role in achieving these goals by providing real-time data for effective monitoring and control of liquid levels. Moreover, the push for stringent safety standards in various sectors, including pharmaceuticals and food and beverage, is further propelling the demand for dependable level measurement systems. Companies that can demonstrate compliance with these regulations and offer reliable solutions will find ample opportunities to expand their market share and enhance their competitive edge.

Threats

The magnetic float level sensors market is not without its challenges, as several threats could impact growth. One significant threat comes from the rapid technological advancements in alternative sensor technologies, such as capacitive and ultrasonic sensors. As these alternatives continue to evolve, they may offer competitive advantages such as greater accuracy, lower costs, or improved functionalities. The increasing adoption of these technologies could potentially disrupt the demand for magnetic float level sensors, compelling manufacturers to innovate continually and adapt to changing market preferences. Furthermore, the market's reliance on specific industries, such as oil and gas, poses a risk in the event of economic downturns or fluctuations in commodity prices, which could lead to decreased investments in infrastructure and equipment.

Additionally, the global supply chain disruptions witnessed in recent years have highlighted vulnerabilities within the manufacturing sector. Fluctuations in raw material prices, labor shortages, and logistical challenges may pose challenges to manufacturers in maintaining competitive pricing and meeting customer demands. Furthermore, regulatory changes and heightened environmental standards may necessitate additional investments in compliance measures, potentially impacting profit margins for companies operating in the magnetic float level sensors market. As a result, it is essential for industry players to remain agile and responsive to evolving market conditions to mitigate these threats effectively.

Competitor Outlook

• Honeywell International Inc.
• Siemens AG
• Emerson Electric Co.
• Endress+Hauser AG
• KROHNE Group
• VEGA Grieshaber KG
• Yokogawa Electric Corporation
• Magnetrol International Inc.
• LevelTech Inc.
• GROVE Manufacturing Company
• Capacitec Inc.
• Azbil Corporation
• Balluff GmbH
• Hawkeye Technology Inc.
• Fischer Measurement Technologies AG

The competitive landscape of the magnetic float level sensors market is characterized by a mix of established players and emerging companies striving to gain a foothold in this growing sector. Major companies such as Honeywell International Inc., Siemens AG, and Emerson Electric Co. dominate the market, leveraging their extensive expertise and supply chain networks to offer a comprehensive range of level measurement solutions. These key players are actively investing in research and development to introduce innovative products that incorporate advanced technologies, including IoT and smart sensors, to enhance their market position. The focus on sustainability and energy efficiency is also driving competition, as companies seek to align their offerings with the growing demand for environmentally friendly solutions.

Emerging players like LevelTech Inc. and Hawkeye Technology Inc. are also making significant strides in the market, focusing on niche applications and specialized solutions. By targeting specific segments such as pharmaceuticals or food and beverage, these companies aim to differentiate themselves from larger competitors. Additionally, the rise of start-ups in the sensor technology space has introduced fresh perspectives and innovative approaches, fostering a dynamic environment that encourages competition and pushes established companies to improve their offerings continually. Collaborations, partnerships, and acquisitions are common strategies employed by companies in this market to broaden their product portfolios and expand their geographic reach.

As the demand for magnetic float level sensors continues to grow, major companies are also focusing on enhancing their customer service and support capabilities. Providing excellent after-sales service and technical assistance is becoming increasingly important, as customers seek reliable solutions that offer longevity and reduced maintenance costs. Companies that can effectively address customer needs and provide consistent support will be better positioned to capture market share and foster long-term relationships with clients. Overall, the magnetic float level sensors market is poised for continued growth, driven by a competitive landscape that encourages innovation and adaptation.

• 1 Appendix

  • 1.1 List of Tables
  • 1.2 List of Figures

• 2 Introduction

  • 2.1 Market Definition
  • 2.2 Scope of the Report
  • 2.3 Study Assumptions
  • 2.4 Base Currency & Forecast Periods

• 3 Market Dynamics

  • 3.1 Market Growth Factors
  • 3.2 Economic & Global Events
  • 3.3 Innovation Trends
  • 3.4 Supply Chain Analysis

• 4 Consumer Behavior

  • 4.1 Market Trends
  • 4.2 Pricing Analysis
  • 4.3 Buyer Insights

• 5 Key Player Profiles

  • 5.1 Siemens AG
    • 5.1.1 Business Overview
    • 5.1.2 Products & Services
    • 5.1.3 Financials
    • 5.1.4 Recent Developments
    • 5.1.5 SWOT Analysis
  • 5.2 Balluff GmbH
    • 5.2.1 Business Overview
    • 5.2.2 Products & Services
    • 5.2.3 Financials
    • 5.2.4 Recent Developments
    • 5.2.5 SWOT Analysis
  • 5.3 KROHNE Group
    • 5.3.1 Business Overview
    • 5.3.2 Products & Services
    • 5.3.3 Financials
    • 5.3.4 Recent Developments
    • 5.3.5 SWOT Analysis
  • 5.4 Capacitec Inc.
    • 5.4.1 Business Overview
    • 5.4.2 Products & Services
    • 5.4.3 Financials
    • 5.4.4 Recent Developments
    • 5.4.5 SWOT Analysis
  • 5.5 LevelTech Inc.
    • 5.5.1 Business Overview
    • 5.5.2 Products & Services
    • 5.5.3 Financials
    • 5.5.4 Recent Developments
    • 5.5.5 SWOT Analysis
  • 5.6 Azbil Corporation
    • 5.6.1 Business Overview
    • 5.6.2 Products & Services
    • 5.6.3 Financials
    • 5.6.4 Recent Developments
    • 5.6.5 SWOT Analysis
  • 5.7 Endress+Hauser AG
    • 5.7.1 Business Overview
    • 5.7.2 Products & Services
    • 5.7.3 Financials
    • 5.7.4 Recent Developments
    • 5.7.5 SWOT Analysis
  • 5.8 VEGA Grieshaber KG
    • 5.8.1 Business Overview
    • 5.8.2 Products & Services
    • 5.8.3 Financials
    • 5.8.4 Recent Developments
    • 5.8.5 SWOT Analysis
  • 5.9 Emerson Electric Co.
    • 5.9.1 Business Overview
    • 5.9.2 Products & Services
    • 5.9.3 Financials
    • 5.9.4 Recent Developments
    • 5.9.5 SWOT Analysis
  • 5.10 Hawkeye Technology Inc.
    • 5.10.1 Business Overview
    • 5.10.2 Products & Services
    • 5.10.3 Financials
    • 5.10.4 Recent Developments
    • 5.10.5 SWOT Analysis
  • 5.11 GROVE Manufacturing Company
    • 5.11.1 Business Overview
    • 5.11.2 Products & Services
    • 5.11.3 Financials
    • 5.11.4 Recent Developments
    • 5.11.5 SWOT Analysis
  • 5.12 Honeywell International Inc.
    • 5.12.1 Business Overview
    • 5.12.2 Products & Services
    • 5.12.3 Financials
    • 5.12.4 Recent Developments
    • 5.12.5 SWOT Analysis
  • 5.13 Magnetrol International Inc.
    • 5.13.1 Business Overview
    • 5.13.2 Products & Services
    • 5.13.3 Financials
    • 5.13.4 Recent Developments
    • 5.13.5 SWOT Analysis
  • 5.14 Yokogawa Electric Corporation
    • 5.14.1 Business Overview
    • 5.14.2 Products & Services
    • 5.14.3 Financials
    • 5.14.4 Recent Developments
    • 5.14.5 SWOT Analysis
  • 5.15 Fischer Measurement Technologies AG
    • 5.15.1 Business Overview
    • 5.15.2 Products & Services
    • 5.15.3 Financials
    • 5.15.4 Recent Developments
    • 5.15.5 SWOT Analysis

• 6 Market Segmentation

  • 6.1 Magnetic Float Level Sensors Market, By Application
    • 6.1.1 Oil & Gas
    • 6.1.2 Chemicals
    • 6.1.3 Water & Wastewater
    • 6.1.4 Food & Beverage
    • 6.1.5 Pharmaceuticals
  • 6.2 Magnetic Float Level Sensors Market, By Product Type
    • 6.2.1 Top Mount
    • 6.2.2 Side Mount
    • 6.2.3 External Cage
    • 6.2.4 Continuous Level Measurement
    • 6.2.5 Miniature
  • 6.3 Magnetic Float Level Sensors Market, By Material Type
    • 6.3.1 Stainless Steel
    • 6.3.2 PVC
    • 6.3.3 PP
    • 6.3.4 PTFE
    • 6.3.5 Brass
  • 6.4 Magnetic Float Level Sensors Market, By Distribution Channel
    • 6.4.1 Direct Sales
    • 6.4.2 Indirect Sales

• 7 Competitive Analysis

  • 7.1 Key Player Comparison
  • 7.2 Market Share Analysis
  • 7.3 Investment Trends
  • 7.4 SWOT Analysis

• 8 Research Methodology

  • 8.1 Analysis Design
  • 8.2 Research Phases
  • 8.3 Study Timeline

• 9 Future Market Outlook

  • 9.1 Growth Forecast
  • 9.2 Market Evolution

• 10 Geographical Overview

  • 10.1 Europe - Market Analysis
    • 10.1.1 By Country
      • 10.1.1.1 UK
      • 10.1.1.2 France
      • 10.1.1.3 Germany
      • 10.1.1.4 Spain
      • 10.1.1.5 Italy
  • 10.2 Asia Pacific - Market Analysis
    • 10.2.1 By Country
      • 10.2.1.1 India
      • 10.2.1.2 China
      • 10.2.1.3 Japan
      • 10.2.1.4 South Korea
  • 10.3 Latin America - Market Analysis
    • 10.3.1 By Country
      • 10.3.1.1 Brazil
      • 10.3.1.2 Argentina
      • 10.3.1.3 Mexico
  • 10.4 North America - Market Analysis
    • 10.4.1 By Country
      • 10.4.1.1 USA
      • 10.4.1.2 Canada
  • 10.5 Middle East & Africa - Market Analysis
    • 10.5.1 By Country
      • 10.5.1.1 Middle East
      • 10.5.1.2 Africa
  • 10.6 Magnetic Float Level Sensors Market by Region

• 11 Global Economic Factors

  • 11.1 Inflation Impact
  • 11.2 Trade Policies

• 12 Technology & Innovation

  • 12.1 Emerging Technologies
  • 12.2 AI & Digital Trends
  • 12.3 Patent Research

• 13 Investment & Market Growth

  • 13.1 Funding Trends
  • 13.2 Future Market Projections

• 14 Market Overview & Key Insights

  • 14.1 Executive Summary
  • 14.2 Key Trends
  • 14.3 Market Challenges
  • 14.4 Regulatory Landscape

Segments Analyzed in the Report

The global Magnetic Float Level Sensors market is categorized based on

By Product Type

• Top Mount
• Side Mount
• External Cage
• Continuous Level Measurement
• Miniature

By Application

• Oil & Gas
• Chemicals
• Water & Wastewater
• Food & Beverage
• Pharmaceuticals

By Distribution Channel

• Direct Sales
• Indirect Sales

By Material Type

• Stainless Steel
• PVC
• PP
• PTFE
• Brass

By Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

Key Players

• Honeywell International Inc.
• Siemens AG
• Emerson Electric Co.
• Endress+Hauser AG
• KROHNE Group
• VEGA Grieshaber KG
• Yokogawa Electric Corporation
• Magnetrol International Inc.
• LevelTech Inc.
• GROVE Manufacturing Company
• Capacitec Inc.
• Azbil Corporation
• Balluff GmbH
• Hawkeye Technology Inc.
• Fischer Measurement Technologies AG