2021 Global Remote Storage Tank Monitoring Market Report: The number of connected storage tanks installed will reach 22.2 million in 2025-ResearchAndMarkets.com – QNT Press Release


This “Global Remote Storage Tank Monitoring Market-4th Edition” Report has been added to ResearchAndMarkets.com supply.

The installed base of remote storage tank monitoring (RTM) systems is expected to grow at a compound annual growth rate of 35.5% from 4.8 million units at the end of 2020 to 22.2 million units in 2025.

This study investigated the market for connected storage tanks in various industries. Typical applications include tank position tracking, tank level monitoring, compliance and reporting, and optimization of delivery and pick-up routes, as well as inventory management and analysis.

The report is based on a large number of executive interviews and introduced 62 leading RTM vendors. Get the latest information about suppliers, products and markets.

The number of connected canning machines will reach 22.2 million units in 2025

As of the end of 2020, the global installed base of active remote storage tank monitoring (RTM) solutions reached 4.8 million units. With a compound annual growth rate (CAGR) of 35.5%, the global active installation base is expected to reach 22.2 million units by 2025. Analysts estimate that by the end of 2020, there will be more than 1.3 million active RTM systems in the European market.

It is estimated that the number of active units in the North American market is about 1.6 million units, which is larger than in Europe. In addition, it is estimated that the number of RTM systems installed in the Asia-Pacific market is approximately 1.4 million. South America, the Middle East and Africa are…

The full story can be found on Benzinga.com


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