The Global Remote Tank Monitoring Market, 6th Edition

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Dec 19, 2023, 13:30 ET

DUBLIN, Dec. 19, 2023 /PRNewswire/ -- The "Global Remote Tank Monitoring Market - 6th Edition" report has been added to ResearchAndMarkets.com's offering.

The global installed base of active remote tank monitoring (RTM) solutions reached 7.7 million units in 2022. Growing at a compound annual growth rate (CAGR) of 25%, the active installed base is estimated to reach 23.5 million units worldwide in 2027. The report estimates that the European market accounted for more than 1.8 million active RTM systems at the end of 2022. The North American market is estimated to be larger than the European at around 3.2 million active units. The Asia-Pacific market is moreover estimated to represent an installed base of about 1.7 million RTM systems at the end of 2022. South America and Middle East & Africa are smaller markets having installed bases of 385,000 units and 539,000 units respectively.

There are more than 100 RTM solution vendors active on the market worldwide and this report covers 63 companies. The analyst ranks Otodata once again as the leading RTM solution provider in terms of the active installed base worldwide with an installed base of about 2 million RTM units. Otodata is based in Canada and primarily focuses on the fuel reseller segment in North America. Otodata has so far acquired 3 companies to boost its growth plans: Wise Telemetry in April 2021, Wireless Applications Corporation (WACnGO) in December 2021 and AIUT's LPG branch in June 2022.

Anova and SkyBitz (Ametek) were in second and third place having achieved installed bases of about 1 million units and 210,000 units respectively. Anova has done a string of acquisitions including Independent Technologies, Wikon, ISA - Intelligent Sensing Anywhere, iTank (Sierra Wireless) and Silicon Controls to become the second largest RTM solution vendor with more than 2,000 customers in 80 countries. SkyBitz is based in the US and most of its tanks under management can be found in North America and a few in Mexico and other countries.

Tank Utility based in the US and German FoxInsights followed in fourth and fifth place and had installed bases of 130,000 and 125,000 tank monitoring systems respectively. Sensile Technologies, Dunraven Systems, Angus Energy, Kingspan and PowTechnology are also ranked among the largest providers with 70,000-100,000 units each.

Other RTM solution providers with installed bases of 22,000-50,000 RTM systems in active use at the end of 2022 include ATEK Access Technologies, Varec, Banner Engineering, FreeWave, GreenCityZen, Gasbot, Insite Platform Partners, SilentSoft, Tecson and Schmitt Industries.

Highlights from the report:

Insights from numerous interviews with market-leading companies
Comprehensive overview of the remote tank monitoring value chain and key applications
Summary of the latest industry trends and developments
Updated in-depth profiles of 69 key players in this market
Reviews of vendor market shares and competitive dynamics
Extensive global and regional market forecasts lasting until 2027

Key Topics Covered:

1 Tank Monitoring Solutions
1.1 Introduction to remote tank monitoring
1.2 Remote tank monitoring infrastructure
1.3 Tank fleet management
1.3.1 Tank location tracking and level monitoring
1.3.2 Security tracking and intervention
1.3.3 Regulatory compliance and reporting
1.3.4 Health and safety
1.4 Distribution operations management
1.4.1 Optimization of delivery and pick up routes
1.4.2 Inventory management and analytics
1.5 Tank segments and use cases
1.6 Business models and project strategies

2 Market Forecasts and Trends
2.1 Market analysis
2.1.1 The installed base of remote tank monitoring solutions
2.1.2 Remote tank monitoring vendor market shares
2.2 Market drivers and barriers
2.3 Value chain analysis
2.3.1 Telematics industry players
2.3.2 Tank and level sensor industry players
2.3.3 Telecom industry players
2.3.4 IT industry players
2.4 Future industry trends

3 Company Profiles and Strategies

360Tanks
Angus Energy
Anova
Asset Monitoring Solutions
ATEK Access Technologies (TankScan)
Automation Products Group
AXsensor
Banner Engineering
Digi International
Dunraven Systems
Emerson
Endress+Hauser
ETM Matteknik
Farm Monitoring Solutions
Farmbot
FarmChem
FLO-CORP
Flowline
Four Data
FoxInsights
FreeWave Technologies
Gasbot
Gobius Sensor Technology
GreenCityZen
Hawk Measurement
HMS Industrial Networks
Hoover Circular Solutions
HyDip (IOR)
InSite Platform Partners (North American Satellite Corporation)
IoT Water
iTankData
Kingspan
Measure Connect Display (MCD)
Micro-Design
Nanolike
New Boundary Technologies
OleumTech
Omniflex
Oriel Systems
Otodata
Packwise
Pedigree Technologies
Pepperl+Fuchs
Piusi
PowTechnology
Pulsa
REDtrac
Rugged Telemetry
Schmitt Industries (Xact Tank Monitoring Systems)
Schneider Electric
Senix
Sensile Technologies (WIKA)
SensorTech (Level Devil)
Siemens
SilentSoft
SkyBitz (Ametek)
Solidat Applied Technologies
Soolo
Tank Utility (Generac)
Tanktel
Tecson
Tekelek
Top Fuel
Trimble
Valarm
Varec
VEGA
WellAware
WIKA

For more information about this report visit https://www.researchandmarkets.com/r/yspqha

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