In recent years, the domestic market of magnetic flip plate liquid level sensor has been growing steadily, with the speed exceeding 10%. In 2010, the sales of liquid level sensor in China reached 90.5 billion yuan. It is predicted that China's liquid level sensor market will develop steadily and rapidly in the next five years. Driven by the large-scale growth of the Internet of Things market, China's liquid level sensor market is expected to reach more than 1.2 billion yuan in 2015.
According to statistics, the overall market size of the Internet of Things in China will reach 750 billion yuan by 2013. As the bottom and most basic link of the Internet of Things, the level gauge sensor industry will benefit directly from it.