The Global Remote Tank Monitoring Market 8th Edition
Description
The Global Remote Tank Monitoring Market analyses the latesttrends and developments on the market for connected tanks. Thisstrategic research report from Berg Insight provides you with 90pages of unique business intelligence including 5-year industryforecasts and expert commentary on which to base your businessdecisions.
Berg Insight estimates that the global installed base of active remote tank monitoring (RTM)solutions reached 11.3 million units in 2024. Growing at a compound annual growth rate (CAGR)of 22.8 percent, the active installed base is estimated to reach 31.5 million units worldwide in2029. Berg Insight estimates that the European market accounted for close to 2.6 million activeRTM systems at the end of 2024. The North American market is estimated to be larger than theEuropean at around 4.6 million active units. The Asia-Pacific market is moreover estimated torepresent an installed base of about 2.7 million RTM systems at the end of 2024. South Americaand Middle East & Africa are smaller markets having installed bases of 565,000 units and 791,000units respectively.
There are more than 100 RTM solution vendors active on the market worldwide and this reportcovers 66 companies. Berg Insight ranks Otodata once again as the leading RTM solutionprovider in terms of the active installed base worldwide with an installed base of about 3.6 millionRTM units. Otodata is based in Canada and primarily focuses on the fuel reseller segment inNorth America. Otodata has so far acquired 4 companies to boost its growth plans: WiseTelemetry in April 2021, Wireless Applications Corporation (WACnGO) in December 2021, AIUT’sLPG branch in June 2022 and Dunraven Systems in March 2025. Anova and SkyBitz (Ametek)were in second and third place having achieved installed bases of about 1.8 million units and0.3 million units respectively. Anova has done a string of acquisitions including IndependentTechnologies, Wikon, ISA – Intelligent Sensing Anywhere, iTank (Sierra Wireless) and SiliconControls to become the second largest RTM solution vendor with more than 2,000 customers in80 countries. SkyBitz is based in the US and most of its tanks under management can be foundin North America and a few in Mexico and other countries. German FoxInsights and Generacbased in the US followed in fourth and fifth place and had installed bases of 180,000 and 130,000tank monitoring systems respectively. Sensile Technologies, Kingspan, Angus Energy, Gasbotand PowTechnology are also ranked among the largest providers with 70,000–100,000 unitseach. Other RTM solution providers with installed bases of 30,000–60,000 RTM systems in activeuse at the end of 2024 include Metasphere, TankScan, Fourdata, Varec, Banner Engineering,FreeWave, OneTank, GreenCityZen, Tecson and Schmitt Measurement Systems.
There are more than 100 RTM solution vendors active on the market worldwide and this reportcovers 66 companies. Berg Insight ranks Otodata once again as the leading RTM solutionprovider in terms of the active installed base worldwide with an installed base of about 3.6 millionRTM units. Otodata is based in Canada and primarily focuses on the fuel reseller segment inNorth America. Otodata has so far acquired 4 companies to boost its growth plans: WiseTelemetry in April 2021, Wireless Applications Corporation (WACnGO) in December 2021, AIUT’sLPG branch in June 2022 and Dunraven Systems in March 2025. Anova and SkyBitz (Ametek)were in second and third place having achieved installed bases of about 1.8 million units and0.3 million units respectively. Anova has done a string of acquisitions including IndependentTechnologies, Wikon, ISA – Intelligent Sensing Anywhere, iTank (Sierra Wireless) and SiliconControls to become the second largest RTM solution vendor with more than 2,000 customers in80 countries. SkyBitz is based in the US and most of its tanks under management can be foundin North America and a few in Mexico and other countries. German FoxInsights and Generacbased in the US followed in fourth and fifth place and had installed bases of 180,000 and 130,000tank monitoring systems respectively. Sensile Technologies, Kingspan, Angus Energy, Gasbotand PowTechnology are also ranked among the largest providers with 70,000–100,000 unitseach. Other RTM solution providers with installed bases of 30,000–60,000 RTM systems in activeuse at the end of 2024 include Metasphere, TankScan, Fourdata, Varec, Banner Engineering,FreeWave, OneTank, GreenCityZen, Tecson and Schmitt Measurement Systems.
Table of Contents
- 1 Tank Monitoring Solutions
- 1.1 Introduction to remote tank monitoring
- 1.2 Remote tank monitoring infrastructure
- 1.2.1 Tank segment
- 1.2.2 GNSS segment
- 1.2.3 Network segment
- 1.2.4 Backoffice segment
- 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
- 2.2.1 Macroeconomic environment
- 2.2.2 Regulatory environment
- 2.2.3 Competitive environment
- 2.2.4 Technology environment
- 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 trends3 Company Profiles and
- Strategies
- 3 Company Profiles and Strategies
- 3.1 European solution providers
- 3.1.1 AXsensor
- 3.1.2 Endress+Hauser3.1.5 GreenCityZen
- 3.1.6 HMS Networks
- 3.1.7 Kingspan
- 3.1.8 Measure Connect Display (MCD)
- 3.1.9 Metasphere
- 3.1.10 Nanolike
- 3.1.11 Oriel Systems
- 3.1.12 Packwise
- 3.1.13 Piusi
- 3.1.14 PowTechnology
- 3.1.15 Schneider Electric
- 3.1.16 Sensile Technologies (WIKA)
- 3.1.17 Siemens
- 3.1.18 Sigicom
- 3.1.19 SilentSoft
- 3.1.20 Sool
- 3.1.21 Staal Instruments
- 3.1.22 Tecson
- 3.1.23 VEGA
- 3.2 North American solution providers
- 3.2.1 Agnex
- 3.2.2 Air Products
- 3.2.3 Angus Energy
- 3.2.4 Anova
- 3.2.5 Asset Monitoring Solutions
- 3.2.6 Automation Products Group
- 3.2.7 Badger Meter
- 3.2.8 Banner Engineering
- 3.2.9 Digi International
- 3.2.10 Emerson
- 3.2.11 FarmChem
- 3.2.12 FLO-CORP
- 3.2.13 FreeWave Technologies
- 3.2.14 Generac
- 3.2.15 Hoover Circular Solutions
- 3.2.16 iTankData
- 3.2.17 Micro-Design
- 3.2.18 Mopeka
- 3.2.19 New Boundary Technologies
- 3.2.20 OleumTech
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