Remote Tank Monitoring System Market Size and Share
Market Overview
| Study Period | 2019 - 2030 |
|---|---|
| Market Size (2025) | USD 2.49 Billion |
| Market Size (2030) | USD 9.13 Billion |
| Growth Rate (2025 - 2030) | 29.67% CAGR |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order Image © Mordor Intelligence. Reuse requires attribution under CC BY 4.0. |
|
Remote Tank Monitoring System Market Analysis by Mordor Intelligence
The Remote Tank Monitoring System Market size is estimated at USD 2.49 billion in 2025, and is expected to reach USD 9.13 billion by 2030, at a CAGR of 29.67% during the forecast period (2025-2030). Solid growth reflects the widening adoption of industrial IoT, the maturation of satellite and LPWAN connectivity, and tighter environmental regulations that require continuous visibility into liquid storage. Sector participants are shifting from reactive maintenance to predictive asset management, and the resulting efficiency gains, lower truck rolls, tighter inventory control, and faster spill detection continue to draw both asset owners and insurers toward automated telemetry. Competitive differentiation now centers on software analytics that convert sensor data into actionable insights, while subscription-based Hardware-as-a-Service (HaaS) models reduce upfront cost barriers and accelerate the adoption of remote tank monitoring system solutions.
Key Report Takeaways
- By monitoring type, point-level systems held 58.43% of the remote tank monitoring system market share in 2024, whereas continuous-level systems are projected to expand at a 30.17% CAGR through 2030.
- By technology, contact sensors captured a 62.10% share in 2024; non-contact sensors led future growth with a 31.27% CAGR forecast.
- By connectivity, cellular solutions commanded a 47.80% share in 2024, while LPWAN options are set to progress at a 31.42% CAGR during the outlook period.
- By tank type, above-ground fixed-roof units accounted for 39.44% of 2024 revenue; underground tanks are expected to log the quickest expansion at a 32.65% CAGR to 2030.
- By capacity, medium-sized tanks (10,000–50,000 L) dominated the market, accounting for a 36.78% share in 2024, while Large-capacity tanks (>200,000 L) are projected to grow at a 31.81% CAGR from 2024 to 2030.
- By end-user industry, oil and gas installations represented a 41.66% share in 2024, whereas agriculture and irrigation uses are forecast to post a 33.22% CAGR to 2030.
- By geography, North America led with a 34.21% share in 2024, and the Asia-Pacific region is projected to register the fastest growth, with a 34.56% CAGR to 2030.
Global Remote Tank Monitoring System Market Trends and Insights
Drivers Impact Analysis
| Driver | (~) % Impact on CAGR Forecast | Geographic Relevance | Impact Timeline |
|---|---|---|---|
| Expansion of oil and gas and chemical storage infrastructure | +6.2% | Global, with concentration in North America, Middle East, Asia-Pacific | Long term (≥ 4 years) |
| Proliferation of cloud-based IoT platforms | +4.8% | Global, led by North America and Europe | Medium term (2-4 years) |
| Stricter global spill-prevention and inventory regulations | +5.1% | Global, with emphasis on North America, Europe, Australia | Short term (≤ 2 years) |
| Satellite-IoT coverage for ultra-remote tanks | +3.7% | Global, particularly remote mining regions in Australia, Canada, Africa | Medium term (2-4 years) |
| HaaS subscription models lowering capex barriers | +2.9% | Global, with early adoption in North America and Europe | Short term (≤ 2 years) |
| Scope-3 ESG reporting pressure on bulk-liquid supply chains | +2.8% | Global, driven by European regulations and multinational corporate policies | Medium term (2-4 years) |
| Source: Mordor Intelligence | |||
Expansion of Oil and Gas and Chemical Storage Infrastructure
IEA data showed global oil and gas storage capacity increasing by 12% in 2024 as firms built strategic reserves while pursuing energy transition goals [1]Baker Hughes, "5 Technology Trends to Increase Efficiency and Sustainability in Mining," bakerhughes.com. Chemical producers also expanded storage to buffer feedstock volatility, and these expansions increased demand for remote tank monitoring deployments. Operators favor scalable, multi-site platforms that integrate with existing SCADA systems and feed cloud analytics for portfolio-wide optimization. Vendors able to integrate satellite links and cellular backhaul now win multi-year frame agreements on heavy-capital projects.
Proliferation of Cloud-Based IoT Platforms
Microsoft Azure IoT and AWS IoT Core logged a 40% annual growth in industrial use cases by 2024, with tank telemetry among the fastest-growing add-on workloads. Cloud ingestion unlocks machine-learning leak detection, automated replenishment triggers, and predictive maintenance capabilities that were previously seldom possible in legacy SCADA systems. Mid-market operators use subscription pricing to avoid high capital expenditures, accelerating adoption of remote tank monitoring systems.
Stricter Global Spill-Prevention and Inventory Regulations
The US EPA levied USD 127 million in SPCC penalties during 2024, citing inadequate monitoring in 68% of cases [2]U.S. Environmental Protection Agency, “SPCC Compliance Enforcement Results 2024,” epa.gov. Parallel EU and Australian rules now insist on real-time data logs. Compliance pushes asset owners to adopt tamper-evident, cloud-auditable monitoring that automatically archives sensor records for 5-10 years. Vendors offering blockchain integrity and automated reporting gain preference in tenders.
Satellite-IoT Coverage for Ultra-Remote Tanks
Low-Earth-Orbit constellations such as Starlink enabled real-time tank level feeds from previously unreachable mining and agricultural sites in 2024. Direct-to-satellite hardware eliminates the cost of field gateways, reducing payback periods for operators who frequently traverse deserts or offshore platforms [3]Fleet Space Technologies, "Satellite-Enabled IoT for Mining," fleetspace.com. Demand favors rugged, battery-efficient sensors with local buffer memory to bridge line-of-sight outages, a capability now standard in next-generation remote tank monitoring devices.
Restraints Impact Analysis
| Restraint | (~) % Impact on CAGR Forecast | Geographic Relevance | Impact Timeline |
|---|---|---|---|
| High upfront hardware and integration costs | -4.1% | Global, particularly affecting small-medium enterprises | Short term (≤ 2 years) |
| Cyber-security and data-ownership concerns | -3.8% | Global, with heightened sensitivity in critical infrastructure sectors | Medium term (2-4 years) |
| Steel/aluminum tariffs inflating device BOM | -3.2% | North America, Europe, with supply chain impacts globally | Short term (≤ 2 years) |
| Battery-waste sustainability liabilities | -2.9% | Global, with stricter enforcement in Europe and developed markets | Long term (≥ 4 years) |
| Source: Mordor Intelligence | |||
High Upfront Hardware and Integration Costs
A full sensor-to-cloud deployment can run USD 15,000-45,000 per tank, with integration often exceeding the hardware bill. SMEs managing a handful of tanks struggle to justify such spend. This restraint steers the remote tank monitoring system market toward modular kits and HaaS subscriptions, which shift costs from CAPEX to OPEX, allowing users to scale as ROI becomes evident.
Cyber-Security and Data-Ownership Concerns
Industrial OT attacks rose 34% in 2024, transforming tank telemetry endpoints into potential threat vectors. Pharmaceutical and chemical producers hesitate to expose proprietary throughputs to external clouds, especially in data-localization jurisdictions. Vendors are adding edge encryption, zero-trust architectures, and private-cloud options to address these concerns, but lingering apprehension continues to dampen near-term adoption of remote tank monitoring systems.
Segment Analysis
By Monitoring Type: Continuous Systems Drive Precision Demands
Point-level devices led the 2024 field with a 58.43% share, aided by low cost and simple binary alarms. Continuous-level platforms captured higher-value projects, and their 30.17% CAGR signals a shift toward always-on visibility, as demanded by regulatory audits and just-in-time logistics. Revenue linked to continuous installations is set to add USD 4 billion to the remote tank monitoring system market size between 2025 and 2030.
Spending is tilting toward high-resolution radar and guided-wave radar probes in pharmaceuticals and fine chemicals, where ±1 mm accuracy yields quality dividends. Point-level remains entrenched in propane and small industrial tanks, yet aging float switches increasingly give way to digital stick probes as OEMs bundle cloud dashboards by default.
By Technology: Non-Contact Sensors Overcome Environmental Challenges
Contact technologies delivered 62.10% of 2024 sales, but non-contact sensing is expected to outpace all other categories, driven by ultrasonic and FMCW radar that avoid fluid contact. The non-contact boom lifts' average selling prices and advanced signal processing software make it a new margin lever for vendors. Remote tank monitoring system adopters also cite lower maintenance costs, no wetted parts means fewer field visits, which compounds the IoT value in rural assets.
Optical and laser devices occupy premium niches such as sterile pharmaceutical batching. Meanwhile, mechanical tape gauges persist where visual redundancy is mandatory for insurance compliance, although digital retrofit kits now stream tape-float readings into SCADA to reduce manual dip checks.
By Connectivity: LPWAN Technologies Address Remote Site Challenges
Cellular's 47.80% share in 2024 reflected broad 4G/5G footprints across industrialized nations, but LPWAN's 31.42% CAGR underscores its appeal where bandwidth needs are low and subscription fees are minimal. LoRaWAN gateways cover dozens of tanks within refinery campuses, while Sigfox modules offer multi-year battery life in the agricultural sector. Satellite terminals priced below USD 100 in volume enable remote tank monitoring in deserts and offshore rigs that previously lacked connectivity.
Private 5G networks are gaining early traction in large-scale sites, such as petrochemical clusters, delivering millisecond latency for automated crane and valve controls. Bluetooth-LE and Wi-Fi play minor roles in in-plant retrofits where existing WLAN infrastructure provides sufficient coverage.
By Tank Type: Underground Storage Drives Environmental Compliance
Above-ground fixed-roof assets supplied 39.44% of 2024 revenue; however, underground tanks are expected to headline future growth at a 32.65% CAGR as groundwater protection mandates tighten. US federal rules now require continuous leak detection on new underground installations, pushing sensor OEMs to miniaturize probes that fit narrow access points.
Floating-roof tanks, common in crude oil hubs, are increasingly equipped with floating-roof position sensors to detect seal gaps that cause VOC emissions. Vendors capable of integrating roof tilt, temperature stratification, and vapor data onto a single dashboard are expanding their market footprint in remote tank monitoring systems among refinery majors.
By Capacity: Large-Scale Storage Drives Advanced Analytics
Tanks between 10,000 and 50,000 L held a 36.78% share in 2024, favored by mid-stream fuel depots and chemical blending stations. Yet facilities exceeding 200,000 L see the fastest uptake because analytics savings scale with volume. A single 250,000 L tank optimized for inventory turns can free USD 0.5 million in working capital annually, more than offsetting the costs of sensors.
Small-capacity segments stay relevant for propane distributors and farm diesel tanks, where theft-prevention alerts form the core value proposition. Vendors focusing on this level emphasize plug-and-play setups and prepaid data packages to minimize lifecycle service inquiries in the broader remote tank monitoring systems.
Note: Segment shares of all individual segments available upon report purchase
By End-User Industry: Agriculture Emerges as High-Growth Vertical
Oil and gas supplied 41.66% of 2024 demand through upstream production, midstream gathering, and downstream retail distribution, underpinned by federal spill-control mandates. Agriculture, however, is expected to chart a 33.22% CAGR as precision irrigation and livestock operations adopt automated liquid-fertilizer and water monitoring.
Chemicals and petrochemicals remain a steady second-tier priority, with a focus on non-contact radar for corrosive media. Mining and metals operators are adopting ruggedized telemetry to safeguard diesel and explosive precursors, often combining tank levels with vibration data to monitor equipment health in an integrated remote tank monitoring system approach.
Geography Analysis
North America maintained a 34.21% lead in 2024, driven by SPCC enforcement, extensive oil and gas infrastructure, and early industrial IoT adoption. Federal grants for rural broadband enhance LPWAN coverage, further propelling the deployment of remote tank monitoring systems in agricultural states. Canada’s renewed strategic petroleum reserve buildout adds cross-border momentum as operators harmonize asset management platforms.
The Asia-Pacific region is expected to deliver the most rapid growth, with a 34.56% CAGR through 2030. Massive refinery and petrochemical expansions in China and India, alongside Southeast Asian mining projects, require real-time tank telemetry for both safety and ESG reporting purposes. Regional governments also roll out soil-and-water-protection rules mirroring OECD standards, compelling underground tank owners to adopt continuous monitoring.
Stringent environmental directives and industrial decarbonization programs underpin Europe’s steady growth. Cloud dashboards that calculate Scope 3 emissions from bulk-liquid logistics are finding eager users among European majors seeking to meet their 2030 carbon-neutral targets. In parallel, the Middle East, Africa, and South America show rising potential for the remote tank monitoring system market as infrastructure investments in LNG, desalination, and mining unlock greenfield projects, although economic headwinds temper near-term volumes.
Competitive Landscape
The sector blends established automation giants with specialist IoT upstarts. Schneider Electric, Emerson, and Honeywell deploy global sales channels and service fleets, while acquiring niche sensor and connectivity firms to enrich digital portfolios. IMI plc’s EUR 25 million purchase of TWTG in 2024 underscored this convergence, bolstering edge-ready wireless offerings for severe-service valves.
Independent innovators focus on software analytics, differential-pressure algorithms, and AI-driven leak detection that can be licensed onto any hardware stack. Satellite-IoT providers, such as Fleet Space, partner with OEMs to package sensors and airtime bundles, thereby widening the addressable market coverage for remote tank monitoring systems. Pricing pressure on hardware is nudging vendors toward recurring SaaS revenue, and those lacking cloud capabilities risk margin erosion.
Sensor makers align with LPWAN gateway firms to pre-integrate protocols, while cloud hyperscalers co-sell dashboards through marketplace subscriptions. At the same time, end users demand open APIs to avoid lock-in, pushing the field toward de facto interoperability standards.
Remote Tank Monitoring System Industry Leaders
-
Schneider Electric SE
-
Emerson Electric Co.
-
Banner Engineering Corp.
-
ATEK Access Technologies, LLC (TankScan)
-
Digi International Inc.
- *Disclaimer: Major Players sorted in no particular order
Recent Industry Developments
- October 2024: IMI plc acquired TWTG Group B.V. for EUR 25 million, adding wireless sensor networks and analytics to its portfolio of severe-service valves.
- July 2024: ATEK Access Technologies spun off its TankScan line into a standalone entity under ITEK LLC to sharpen its focus on IIoT growth.
- March 2024: ANGI Energy Systems broke ground on a USD 4 million hydrogen-refueling test facility in Wisconsin featuring cloud-connected tank monitoring.
- February 2024: Angus Energy secured GBP 20 million from Trafigura to fund Saltfleetby gas field upgrades, including critical storage telemetry.
Global Remote Tank Monitoring System Market Report Scope
Remote tank monitoring systems revolutionize logistics, inventory management, and route planning. They offer a streamlined solution for bulk fluid distributors, enhancing efficiency while cutting down on unnecessary miles. These systems, accessible via mobile or desktop, provide real-time monitoring for various liquids, from oil and fuel to water. They track assets and generate comprehensive delivery reports, complete with e-tickets. These e-tickets offer a wealth of data, from totalizer readings and delivery dates to GPS coordinates, gallons delivered, and even customer signatures.
The remote tank monitoring system market is segmented by type (integrity monitoring, tank level monitoring, and equipment-based condition monitoring), end-user industry (oil and gas, chemical, food and beverage, water management and treatment, medical, and other end-user industries), and geography (North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa). The market sizes and forecasts are provided in terms of value (USD) for all the above segments.
| Point-Level Monitoring |
| Continuous-Level Monitoring |
| Contact Sensors | Float and Tape Gauge |
| Magnetostrictive | |
| Hydrostatic Pressure | |
| Non-Contact Sensors | Ultrasonic |
| Radar/FMCW | |
| Optical/Laser |
| Cellular (4G LTE, 5G, NB-IoT, Cat-M) |
| LPWAN (LoRaWAN, Sigfox) |
| Satellite (LEO/GEO) |
| Short-Range RF/Wi-Fi/BLE |
| Above-Ground Fixed-Roof |
| Above-Ground Floating-Roof |
| Underground/UST |
| <10,000 L |
| 10,000 - 50,000 L |
| 50,001 - 200,000 L |
| >200,000 L |
| Oil and Gas |
| Chemicals and Petrochemicals |
| Water and Wastewater |
| Food and Beverage |
| Agriculture and Irrigation |
| Power Generation |
| Mining and Metals |
| Pharmaceuticals and Healthcare |
| North America | United States |
| Canada | |
| Mexico | |
| South America | Brazil |
| Argentina | |
| Rest of South America | |
| Europe | United Kingdom |
| Germany | |
| France | |
| Italy | |
| Spain | |
| Russia | |
| Rest of Europe | |
| Asia Pacific | China |
| Japan | |
| India | |
| South Korea | |
| Australia and New Zealand | |
| Southeast Asia | |
| Rest of Asia Pacific | |
| Middle East | Saudi Arabia |
| United Arab Emirates | |
| Turkey | |
| Rest of Middle East | |
| Africa | South Africa |
| Nigeria | |
| Kenya | |
| Rest of Africa |
| By Monitoring Type | Point-Level Monitoring | |
| Continuous-Level Monitoring | ||
| By Technology | Contact Sensors | Float and Tape Gauge |
| Magnetostrictive | ||
| Hydrostatic Pressure | ||
| Non-Contact Sensors | Ultrasonic | |
| Radar/FMCW | ||
| Optical/Laser | ||
| By Connectivity | Cellular (4G LTE, 5G, NB-IoT, Cat-M) | |
| LPWAN (LoRaWAN, Sigfox) | ||
| Satellite (LEO/GEO) | ||
| Short-Range RF/Wi-Fi/BLE | ||
| By Tank Type | Above-Ground Fixed-Roof | |
| Above-Ground Floating-Roof | ||
| Underground/UST | ||
| By Capacity | <10,000 L | |
| 10,000 - 50,000 L | ||
| 50,001 - 200,000 L | ||
| >200,000 L | ||
| By End-User Industry | Oil and Gas | |
| Chemicals and Petrochemicals | ||
| Water and Wastewater | ||
| Food and Beverage | ||
| Agriculture and Irrigation | ||
| Power Generation | ||
| Mining and Metals | ||
| Pharmaceuticals and Healthcare | ||
| By Geography | North America | United States |
| Canada | ||
| Mexico | ||
| South America | Brazil | |
| Argentina | ||
| Rest of South America | ||
| Europe | United Kingdom | |
| Germany | ||
| France | ||
| Italy | ||
| Spain | ||
| Russia | ||
| Rest of Europe | ||
| Asia Pacific | China | |
| Japan | ||
| India | ||
| South Korea | ||
| Australia and New Zealand | ||
| Southeast Asia | ||
| Rest of Asia Pacific | ||
| Middle East | Saudi Arabia | |
| United Arab Emirates | ||
| Turkey | ||
| Rest of Middle East | ||
| Africa | South Africa | |
| Nigeria | ||
| Kenya | ||
| Rest of Africa | ||
Key Questions Answered in the Report
How fast is global demand for remote tank telemetry growing?
The remote tank monitoring system market is projected to expand at a 29.67% CAGR from 2025 to 2030, lifting revenue from USD 2.49 billion to USD 9.13 billion.
Which industries adopt tank monitoring first?
Oil and gas leads with a 41.66% 2024 share, but agriculture and irrigation show the quickest 33.22% CAGR as precision farming spreads.
Why are non-contact sensors gaining traction?
Ultrasonic and radar units avoid fluid contact, reduce maintenance, and support harsh-chemical or hygienic processes, driving a 31.27% CAGR through 2030.
What connectivity options dominate remote deployments?
Cellular holds 47.80% of 2024 revenue, yet LPWAN and low-cost satellite links are surging for hard-to-reach assets given their 31.42% CAGR outlook.
Which region will grow the fastest by 2030?
Asia-Pacific is set to record the highest 34.56% CAGR due to heavy refinery and mining investments and tightening environmental rules.
How are vendors easing upfront cost hurdles?
Many now offer Hardware-as-a-Service, bundling sensors, connectivity, and cloud dashboards into subscription plans that shift CAPEX to OPEX.
Page last updated on:
