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Development of Radar Level Gauge Market

After experiencing relatively stable development in previous years, radar level gauges have achieved strong growth since 2012. From an industry perspective, this is obviously good news, because the radar level gauge market has not been severely affected by the global economic recession. Today, the accelerated process of global marketization has driven the global application of advanced liquid level gauges and precision equipment. The use of radar level gauges in a considerable range will continue to increase, such as petroleum, chemical and other fields. With the continuous discovery of large oil fields around the world, it is expected that the market demand for radar level gauges in the petroleum industry will become increasingly large, which will accelerate the development and application of radar level gauges. Emerging markets will remain the main driving force for the growth of the radar level gauge market, as they are constantly improving their production capacity and expanding their industrialization needs. The market demand brought about by the economic growth of emerging countries is also a major factor in the growth of the radar level gauge market demand. Radar level gauges In 2013, the strong sales growth of radar level gauges in Europe offset the weakness of the Chinese market, which directly led to a 7% increase in global radar level gauge sales to 35.2 billion. In the latest research report on radar level gauges, the sales volume of radar level gauges is expected to grow to 9% in 2014. In my country in 2013, domestic radars have occupied two-thirds of the radar level gauge market, while other regions accounted for about one-third. In 2014, the sales volume of radar level gauges in China is expected to increase, because various industries are actively adjusting the structure and promoting development. As the sales in India, Germany and France continue to strengthen, it will also drive the sales of the entire radar level gauge. Under the challenging economic environment, it is expected that radar level gauges will maintain high growth in the next few years.

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