Global Remote Tank Monitoring Market Report 2021-2025 with In-depth Profiles of 69 Key Players
Dublin, Dec. 22, 2021 (GLOBE NEWSWIRE) -- The "The Global Remote Tank Monitoring Market - 4th Edition" report has been added to ResearchAndMarkets.com's offering.
The installed base of remote tank monitoring (RTM) systems is forecasted to grow at a compound annual growth rate of 35.5 percent from 4.8 million units at the end of 2020 to 22.2 million units by 2025.
This study investigates the market for connected tanks in various industries. Typical applications include tank location tracking, tank level monitoring, regulatory compliance and reporting as well as optimization of delivery and pick up routes, and inventory management and analytics.
The report is based on numerous executive interviews and profiles the leading 62 RTM vendors. Get up to date with the latest information about vendors, products and markets.
The installed base of connected tanks to reach 22.2 million in 2025
The global installed base of active remote tank monitoring (RTM) solutions reached 4.8 million units at the end of 2020. Growing at a compound annual growth rate (CAGR) of 35.5 percent, the active installed base is estimated to reach 22.2 million units worldwide in 2025. The analyst estimates that the European market accounted for more than 1.3 million active RTM systems at the end of 2020.
The North American market is estimated to be larger than the European at around 1.6 million active units. The Asia-Pacific market is moreover estimated to represent an installed base of about 1.4 million RTM systems. South America and Middle East & Africa are smaller markets having installed bases of 243,000 units and 388,000 units respectively.
There are more than 100 RTM solution vendors active on the market worldwide and this report covers 62 companies. The analyst ranks Otodata as the leading RTM solution provider in terms of the active installed base worldwide with an installed base of about 1.0 million RTM units. Otodata is based in Canada and primarily focuses on the fuel reseller segment in North America.
Anova and SkyBitz (Ametek) were in second and third place having achieved installed bases of about 743,000 units and 180,000 units respectively. Anova has done a string of acquisitions including Independent Technologies, Wikon, ISA - Intelligent Sensing Anywhere and iTank (Sierra Wireless) and Silicon Controls to become the second largest RTM solution vendor with more than 2,000 customers in 70 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.
Polish AIUT and Sensile Technologies from Switzerland followed in fourth and fifth place and had installed bases of 138,000 and 100,000 tank monitoring systems respectively. Tank Utility, FoxInsights, Angus Energy, Dunraven Systems, WACnGO and Kingspan are also ranked among the largest providers with 55,000-92,000 units each.
Other RTM solution providers with installed bases of 21,000-50,000 RTM systems in active use at the end of 2020 include Varec, ATEK Access Technologies, Powelectrics, Banner Engineering, FreeWave, SilentSoft, Insite Platform Partners, GreenCityZen and Schmitt Industries.
Merger and acquisition activity on this market is just about to commence at the same time as new innovative companies enter the market. Anova has been the most ambitious consolidator on the market so far with its acquisitions of 5 major companies.
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 2025.
Market forecasts and trends
Market analysis
The installed base of remote tank monitoring solutions
Remote tank monitoring vendor market shares
Market drivers and barriers
Macroeconomic environment
Regulatory environment
Competitive environment
Technology environment
Value chain analysis
Telematics industry players
Tank and level sensor industry players
Telecom industry players
IT industry players
Future industry trends
Company profiles and strategies
European solution providers
AIUT
AXsensor
Dunraven Systems
Endress+Hauser
ETM Matteknik
FoxInsights
Fuel it
GreenCityZen
HMS Industrial Networks
iLevel
Kingspan
Measure Connect Display (MCD)
Nanolike
Oriel Systems
Piusi
Powelectrics
Schneider Electric
Sensile Technologies (Wika)
Siemens
SilentSoft
Tecson
Top Fuel
VEGA
North American solution providers
Angus Energy
Anova
Asset Monitoring Solutions
ATEK Access Technologies (TankScan)
AT&T
Automation Products Group
Banner Engineering
Digi International
Electronic Sensors (Level Devil)
Emerson
FarmChem
Fluid Delivery Solutions
Fource
FreeWave Technologies
Hoover Circular Solutions
InSite Platform Partners (North American Satellite Corporation)
Micro-Design
New Boundary Technologies
OleumTech
Otodata
Pulsa
REDtrac
Rugged Telemetry
Schmitt Industries (Xact Tank Monitoring Systems)
SkyBitz (Ametek)
Tank Utilit
Trimble
Valarm
Varec
Wise Telemetry
Rest of World solution providers
360Tanks
Farmbot
Farm Monitoring Solutions
Hawk Measurement (FLO-CORP)
HyDip (IOR)
Omniflex
Solidat Applied Technologies
Tanktel
WACnGO
Tank level sensor manufacturers
Flowline
Gobius Sensor Technology
Pepperl+Fuchs
Senix
Tekelek
Terabee
Wika
For more information about this report visit https://www.researchandmarkets.com/r/3tk5ly
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