According to Cognitive Market Research, the global Ultrasonic Level Meter market size was USD 775.6 million in 2024. It will expand at a compound annual growth rate (CAGR) of 9.00% from 2024 to 2031.
North America held the major market share for more than 40% of the global revenue with a market size of USD 310.24 million in 2024 and will grow at a compound annual growth rate (CAGR) of 10.8% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 232.68 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 178.39 million in 2024 and will grow at a compound annual growth rate (CAGR) of 14.6% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 38.78 million in 2024 and will grow at a compound annual growth rate (CAGR) of 12.0% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 15.51million in 2024 and will grow at a compound annual growth rate (CAGR) of 12.3% from 2024 to 2031.
The non-contact category is the fastest growing segment of the Ultrasonic Level Meter industry
