인벤토리 탱크 게이징 시스템 시장 보고서 : 유형별, 기술별, 용도별, 지역별(2025-2033년)

The global inventory tank gauging system market size reached USD 682.3 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 887.8 Million by 2033, exhibiting a growth rate (CAGR) of 2.82% during 2025-2033. The increasing regulations and standards related to safety, automation and industry 4.0 trends, expansion of oil & gas industry, and technological advancements are primarily propelling the market growth.

Inventory Tank Gauging System Market Trends:

Industry Automation and Digitization

Industry automation and digitization have been significant drivers of growth in the inventory tank gauging system market. These systems play a crucial role in industries where accurate measurement and management of liquid levels in tanks are essential, such as oil and gas, chemicals, pharmaceuticals, and food and beverage. Automated tank gauging systems offer higher accuracy compared to manual methods. They provide real-time data on liquid levels, temperature, and sometimes even quality parameters, which improves operational efficiency and reduces the risk of errors. For instance, according to an article published by Banlaw, automatic gauges eliminate the need to manually dip tanks. The operator can obtain a real-time reading of the level inside the tank without having to climb up and manually dip into the reservoir. Using cutting-edge technology, it can calculate product volume and temperature. Apart from this, digitization enables the collection of large volumes of data from tank gauging systems. Analyzing this data using advanced analytics and AI can provide insights for better decision-making, such as optimizing inventory levels, scheduling maintenance, and improving overall operational efficiency. For instance, in February 2024, NASA developed a unique fuel gauge device that employs radio waves to determine the amount of fuel in a tank. This Radio Frequency Mass Gauge (RFMG) would provide a novel method of measuring propellant mass that is unaffected by gravity, temperature, or fluid characteristics. The RFMG transmits radio waves through the tank and measures how the propellant reflects them. This technology can determine the volume and mass of the fuel by analyzing signal patterns. These factors are further contributing to the inventory tank gauging system market share.

Increasing Demand for Accurate and Real-Time Data

The increasing demand for accurate and real-time data on tank contents is a critical driver shaping the inventory tank gauging system market. The food and beverage industry relies on accurate tank-level data to optimize production processes. For instance, in August 2021, Emerson developed the Rosemount 1408H non-contacting level transmitter, which provides accurate and dependable level monitoring and is intended for sanitary applications in the food and beverage industry. Real-time data allows for better inventory management, ensuring that tanks are neither overfilled nor underutilized. This is further positively influencing the inventory tank gauging system market price. Moreover, with advancements in technology, tank gauging systems can now offer remote monitoring capabilities. Operators can access real-time data from tanks located in different geographical locations, allowing for proactive management and immediate response to any anomalies or emergencies. For instance, in March 2023, ProMinent introduced Dulcolevel, a novel IIoT-compatible radar level sensor that offers real-time information on tank liquid levels. This ensures that tanks may be replenished on schedule without causing process disruptions and simplifies chemical inventory management. This enables any number of sites with pump installations to be remotely monitored, operated, and supplied in real-time via the cloud. Liquid levels, pump outputs, and consumption are all automatically available, along with comprehensive reports. At the same time, smartphone alerts provide advance notice of low levels or probable system outages. These factors are positively influencing the inventory tank gauging system market forecast.

Growing Adoption in the Oil and Gas Sector

The rising adoption of inventory tank gauging systems in the oil and gas sector is significantly driving the market growth. Oil and gas companies require precise and real-time data on tank levels to optimize production and logistics. Inventory tank gauging systems provide accurate measurements of crude oil, refined products, and chemicals stored in tanks, enabling operators to manage inventories efficiently and reduce downtime. For instance, according to an article published by Zero Instrument, radar level gauges can detect oil levels fast and accurately, ensuring the safe operation of oil tankers and tanks. When developing offshore natural gas resources, it is vital to measure the liquid level of natural gas. Moreover, the oil and gas sector increasingly demand real-time data to support decision-making processes. Tank gauging systems provide continuous updates on inventory levels, which are crucial for scheduling deliveries, managing refinery operations, assuring environmental compliance, and responding to market fluctuations effectively. For instance, in May 2024, Iveda, a cloud-based AI provider, launched LevelNOW, a next-generation tracking and monitoring solution for effective liquid storage management. LevelNOW, a first-of-its-kind solution, targets oil and gas corporations. LevelNOW offers comprehensive fluid monitoring, GPS tracking, and real-time warnings to improve operational efficiency, assure environmental compliance, and bring significant cost savings to businesses. These factors are further bolstering the inventory tank gauging system market revenue.

Global Inventory Tank Gauging System Industry Segmentation:

Breakup by Type:

• Point Level Instruments
• Continuous Level Instruments

Point level instruments currently hold the majority of the total market share

According to the inventory tank gauging system market overview, point level instruments provide crucial information at discrete points within tanks, such as indicating high, low, or intermediate levels of liquids or solids. They are essential for tasks like triggering alarms for overfill or empty conditions, controlling pumps or valves, and ensuring operational safety. Moreover, these instruments are widely used across industries, such as oil & gas, chemicals, pharmaceuticals, food & beverage, water treatment, and manufacturing. They are chosen based on factors like cost-effectiveness, reliability, environmental suitability, and specific application requirements.

Breakup by Technology:

• Electronic ITG
• Mechanical ITG

Electronic ITG currently holds the largest market share

According to the inventory tank gauging system market outlook, electronic ITG systems offer high accuracy in measuring tank levels compared to mechanical or manual methods. They use advanced technologies such as radar, ultrasonic, guided wave radar, or capacitance sensors to provide precise measurements of liquid or solid levels in tanks. Moreover, these systems are often part of automated tank gauging solutions that integrate with control systems, SCADA (Supervisory Control and Data Acquisition) systems, and ERP (Enterprise Resource Planning) systems. This integration enables real-time monitoring, data logging, and remote access to tank data, enhancing operational efficiency and decision-making.

Breakup by Application:

• Aviation
• Defense
• Oil and Gas
• Others

ITG systems are crucial for monitoring jet fuel storage tanks at airports and aviation fuel depots. These systems ensure accurate measurement of fuel levels, which is essential for planning refueling operations, preventing overfills, and maintaining supply chain efficiency. Moreover, military bases and installations use ITG systems to monitor and manage fuel storage tanks for aircraft, vehicles, and other equipment. These systems provide real-time data on fuel levels, enabling efficient logistics planning and operational readiness. Besides this, in upstream oil and gas operations, ITG systems are used to monitor crude oil and natural gas liquids (NGL) storage tanks at production sites. These systems ensure accurate measurement of inventory levels, which is crucial for production planning and inventory management.

Breakup by Region:

• North America
  • United States
  • Canada
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
• Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
• Latin America
  • Brazil
  • Mexico
  • Others
• Middle East and Africa

Asia Pacific exhibits a clear dominance in the market

The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, the Asia Pacific exhibits a clear dominance in the market.

According to the inventory tank gauging system market statistics, rapid industrialization across countries like China, India, Japan, South Korea, and Southeast Asian nations is driving the demand for efficient storage and management of liquids such as crude oil, chemicals, and petroleum products. This expansion necessitates reliable inventory tank gauging systems to ensure accurate measurement and monitoring of inventory levels. Moreover, the region is a major consumer and producer of crude oil and petroleum products. Growth in upstream exploration and production activities, coupled with expanding downstream refining and distribution infrastructure, increases the adoption of inventory tank gauging systems in oil storage terminals, refineries, and petrochemical plants. For instance, in February 2023, Svanehoj Tank Control Systems announced to provide the tank gauging system for COOEC's six new LNG tanks at the Longkou Nanshan LNG Terminal, China.

Competitive Landscape:

The report has also analyzed the competitive landscape of the market with some of the key players that are:

• Cameron Forecourt (TSG Fleet)
• Emerson Electric Co.
• Franklin Fueling Systems LLC (Franklin Electric Co. Inc.)
• Honeywell International Inc.
• L&J Technologies Ltd.
• Motherwell Tank Gauging Limited
• MTS Systems Corporation
• Schneider Electric
• Tokyo Keiso Co. Ltd.
• Varec Inc. (Science Applications International Corporation)

Key Questions Answered in This Report

• 1.What was the size of the global inventory tank gauging system market in 2024?
• 2.What is the expected growth rate of the global inventory tank gauging system market during 2025-2033?
• 3.What has been the impact of COVID-19 on the global inventory tank gauging system market?
• 4.What are the key factors driving the global inventory tank gauging system market?
• 5.What is the breakup of the global inventory tank gauging system market based on the type?
• 6.What is the breakup of the global inventory tank gauging system market based on the technology?
• 7.What are the key regions in the global inventory tank gauging system market?
• 8.Who are the key players/companies in the global inventory tank gauging system market?

Table of Contents

1 Preface

2 Scope and Methodology

• 2.1 Objectives of the Study
• 2.2 Stakeholders
• 2.3 Data Sources
  • 2.3.1 Primary Sources
  • 2.3.2 Secondary Sources
• 2.4 Market Estimation
  • 2.4.1 Bottom-Up Approach
  • 2.4.2 Top-Down Approach
• 2.5 Forecasting Methodology

3 Executive Summary

4 Introduction

• 4.1 Overview
• 4.2 Key Industry Trends

5 Global Inventory Tank Gauging System Market

• 5.1 Market Overview
• 5.2 Market Performance
• 5.3 Impact of COVID-19
• 5.4 Market Forecast

6 Market Breakup by Type

• 6.1 Point Level Instruments
  • 6.1.1 Market Trends
  • 6.1.2 Market Forecast
• 6.2 Continuous Level Instruments
  • 6.2.1 Market Trends
  • 6.2.2 Market Forecast

7 Market Breakup by Technology

• 7.1 Electronic ITG
  • 7.1.1 Market Trends
  • 7.1.2 Market Forecast
• 7.2 Mechanical ITG
  • 7.2.1 Market Trends
  • 7.2.2 Market Forecast

8 Market Breakup by Application

• 8.1 Aviation
  • 8.1.1 Market Trends
  • 8.1.2 Market Forecast
• 8.2 Defense
  • 8.2.1 Market Trends
  • 8.2.2 Market Forecast
• 8.3 Oil and Gas
  • 8.3.1 Market Trends
  • 8.3.2 Market Forecast
• 8.4 Others
  • 8.4.1 Market Trends
  • 8.4.2 Market Forecast

9 Market Breakup by Region

• 9.1 North America
  • 9.1.1 United States
    • 9.1.1.1 Market Trends
    • 9.1.1.2 Market Forecast
  • 9.1.2 Canada
    • 9.1.2.1 Market Trends
    • 9.1.2.2 Market Forecast
• 9.2 Asia Pacific
  • 9.2.1 China
    • 9.2.1.1 Market Trends
    • 9.2.1.2 Market Forecast
  • 9.2.2 Japan
    • 9.2.2.1 Market Trends
    • 9.2.2.2 Market Forecast
  • 9.2.3 India
    • 9.2.3.1 Market Trends
    • 9.2.3.2 Market Forecast
  • 9.2.4 South Korea
    • 9.2.4.1 Market Trends
    • 9.2.4.2 Market Forecast
  • 9.2.5 Australia
    • 9.2.5.1 Market Trends
    • 9.2.5.2 Market Forecast
  • 9.2.6 Indonesia
    • 9.2.6.1 Market Trends
    • 9.2.6.2 Market Forecast
  • 9.2.7 Others
    • 9.2.7.1 Market Trends
    • 9.2.7.2 Market Forecast
• 9.3 Europe
  • 9.3.1 Germany
    • 9.3.1.1 Market Trends
    • 9.3.1.2 Market Forecast
  • 9.3.2 France
    • 9.3.2.1 Market Trends
    • 9.3.2.2 Market Forecast
  • 9.3.3 United Kingdom
    • 9.3.3.1 Market Trends
    • 9.3.3.2 Market Forecast
  • 9.3.4 Italy
    • 9.3.4.1 Market Trends
    • 9.3.4.2 Market Forecast
  • 9.3.5 Spain
    • 9.3.5.1 Market Trends
    • 9.3.5.2 Market Forecast
  • 9.3.6 Russia
    • 9.3.6.1 Market Trends
    • 9.3.6.2 Market Forecast
  • 9.3.7 Others
    • 9.3.7.1 Market Trends
    • 9.3.7.2 Market Forecast
• 9.4 Latin America
  • 9.4.1 Brazil
    • 9.4.1.1 Market Trends
    • 9.4.1.2 Market Forecast
  • 9.4.2 Mexico
    • 9.4.2.1 Market Trends
    • 9.4.2.2 Market Forecast
  • 9.4.3 Others
    • 9.4.3.1 Market Trends
    • 9.4.3.2 Market Forecast
• 9.5 Middle East and Africa
  • 9.5.1 Market Trends
  • 9.5.2 Market Breakup by Country
  • 9.5.3 Market Forecast

10 SWOT Analysis

• 10.1 Overview
• 10.2 Strengths
• 10.3 Weaknesses
• 10.4 Opportunities
• 10.5 Threats

11 Value Chain Analysis

12 Porters Five Forces Analysis

• 12.1 Overview
• 12.2 Bargaining Power of Buyers
• 12.3 Bargaining Power of Suppliers
• 12.4 Degree of Competition
• 12.5 Threat of New Entrants
• 12.6 Threat of Substitutes

13 Price Analysis

14 Competitive Landscape

• 14.1 Market Structure
• 14.2 Key Players
• 14.3 Profiles of Key Players
  • 14.3.1 Cameron Forecourt (TSG Fleet)
    • 14.3.1.1 Company Overview
    • 14.3.1.2 Product Portfolio
  • 14.3.2 Emerson Electric Co.
    • 14.3.2.1 Company Overview
    • 14.3.2.2 Product Portfolio
    • 14.3.2.3 Financials
    • 14.3.2.4 SWOT Analysis
  • 14.3.3 Franklin Fueling Systems LLC (Franklin Electric Co. Inc.)
    • 14.3.3.1 Company Overview
    • 14.3.3.2 Product Portfolio
  • 14.3.4 Honeywell International Inc.
    • 14.3.4.1 Company Overview
    • 14.3.4.2 Product Portfolio
    • 14.3.4.3 Financials
    • 14.3.4.4 SWOT Analysis
  • 14.3.5 L&J Technologies Ltd.
    • 14.3.5.1 Company Overview
    • 14.3.5.2 Product Portfolio
  • 14.3.6 Motherwell Tank Gauging Limited
    • 14.3.6.1 Company Overview
    • 14.3.6.2 Product Portfolio
  • 14.3.7 MTS Systems Corporation
    • 14.3.7.1 Company Overview
    • 14.3.7.2 Product Portfolio
    • 14.3.7.3 Financials
  • 14.3.8 Schneider Electric
    • 14.3.8.1 Company Overview
    • 14.3.8.2 Product Portfolio
    • 14.3.8.3 Financials
    • 14.3.8.4 SWOT Analysis
  • 14.3.9 Tokyo Keiso Co. Ltd.
    • 14.3.9.1 Company Overview
    • 14.3.9.2 Product Portfolio
  • 14.3.10 Varec Inc. (Science Applications International Corporation)
    • 14.3.10.1 Company Overview
    • 14.3.10.2 Product Portfolio