The number of connected tanks installed will reach 25.5 million by 2028.
Berg Insight has announced a new research report on the global remote tank monitoring market. Berg Insight predicts that the global installed base of active remote tank monitoring (RTM) solutions will reach 9.3 million units in 2023. It is expected to grow at a compound annual growth rate (CAGR) of 22.4%, with the active installed base projected to reach 25.5 million units worldwide by 2028. By the end of 2023, the European market is expected to account for approximately 2.1 million active RTM systems. The North American market is predicted to be larger than the European market, with about 3.9 million active units. Furthermore, the Asia-Pacific market is expected to have an installed base of approximately 2.2 million RTM systems by the end of 2023. South America and the Middle East & Africa are smaller markets, with installed bases of 465,000 units and 651,000 units, respectively. [Contents] ■ Tank monitoring solutions ■ Market forecasts and trends ■ Company profiles and strategies
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Publisher: Berg Insights Publication Month: December 2024 Report Language: English *For more details, please visit our website or refer to the sample materials.
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