Remote Tank Monitoring Market By Component (Hardware, Software, Services); By Application (Fuel Monitoring, Chemical Monitoring, Water & Wastewater, Food & Beverage, Others); By End User (Oil & Gas Companies, Chemical Manufacturers, Utilities & Municipalities, Agriculture & Irrigation Operators, Transport & Logistics Providers); By Geography, Segment Revenue Estimation, Forecast, 2024–2030

Introduction And Strategic Context

The Global Remote Tank Monitoring Market is projected to grow at a CAGR of 10.4% , reaching USD 1.96 billion in 2030 , up from an estimated USD 1.06 billion in 2024 , according to Strategic Market Research.

 

This market focuses on the use of smart, connected sensor systems to remotely track tank levels, temperature, pressure, or leak conditions — typically in industries like oil and gas, chemicals, water, agriculture, and food & beverage. From a strategic standpoint, remote tank monitoring is no longer just an operational tool — it’s becoming a core driver of predictive maintenance, supply chain automation, and sustainability reporting.

 

What’s driving this demand? For one, the sheer number of tanks deployed across geographies — many in hard-to-reach or hazardous areas — creates a compelling case for remote visibility. Add to that the global shift toward industrial IoT, and you get an infrastructure layer that’s increasingly digitized. Many logistics providers, fuel distributors, and water utilities are no longer relying on manual inspection or guesswork — they’re integrating cloud-connected tank monitoring into broader asset management platforms.

 

Another factor is regulation. Environmental and safety compliance in sectors like chemicals and petroleum is pushing companies to install real-time monitoring systems. Leakage, contamination, or overfill events are now reportable incidents in many countries. Remote tank monitoring enables automated alerts and audit logs that reduce legal exposure.

 

From a technology angle, modern sensors are getting smarter and cheaper. Cellular and LPWAN (Low Power Wide Area Network) connectivity has made it viable to install monitoring even in rural or cross-border areas. Solar-powered, battery-operated sensor nodes with 5-10 years of life are removing traditional cost barriers.

 

And finally, the stakeholder landscape is widening. Original equipment manufacturers (OEMs) are embedding sensors into new tank designs. System integrators are bundling tank data into ERP and SCADA platforms. Telecom providers are entering the market with bundled connectivity and hardware-as-a-service ( HaaS ) models. Even insurers are exploring partnerships to reward clients with proactive leak detection.

 

Market Segmentation And Forecast Scope

The Global Remote Tank Monitoring Market is structured around four primary dimensions — By Component , By Application , By End User , and By Region . These segments capture how monitoring needs vary based on tank type, operational use case, and connectivity complexity.

By Component

This category includes the hardware, software, and services that make remote tank monitoring possible.

• Hardware : Covers sensors, gateways, antennas, and power modules. Hardware dominates current market revenue, especially in emerging regions where fresh installations are underway.

• Software : Comprises monitoring dashboards, analytics engines, and integration tools. Cloud-based platforms with predictive insights and mobile access are gaining traction fast.

• Services : Includes installation, calibration, maintenance, and remote support. As legacy infrastructure is upgraded, service bundles are becoming essential for adoption.

In 2024, hardware holds over 55% of market share, but software is growing faster due to rising demand for AI-enhanced monitoring and alerts.

 

By Application

This view tracks where remote tank monitoring is functionally applied.

• Fuel Monitoring : Dominates due to high-value fuel inventory spread across retail, logistics, and fleet depots. Real-time fuel tracking prevents theft and stockouts.

• Chemical Monitoring : Critical for regulatory compliance, especially for volatile or corrosive substances.

• Water and Wastewater : Used in utilities, agriculture, and industrial processes. Smart water tanks with level and quality sensors are expanding in rural and remote deployments.

• Food and Beverage Storage : Sensitive to spoilage and hygiene. Tank monitoring helps control temperature and reduce waste.

• Others : Includes mining, marine fuel, and lubricants.

Fuel and chemical monitoring together account for nearly 60% of total demand in 2024, while smart water applications are emerging fastest in under-penetrated regions.

 

By End User

End-user segmentation reflects which sectors are driving procurement and deployment.

• Oil and Gas Companies : Heavy adopters, especially for upstream and midstream monitoring. Real-time inventory helps prevent theft, optimize dispatch, and ensure compliance.

• Chemical Manufacturers : Invest in monitoring to manage hazardous materials and meet HAZMAT protocols.

• Utilities and Municipalities : Using tank monitoring to manage water reservoirs and treatment plant inputs remotely.

• Agriculture and Irrigation Operators : Monitoring water levels in tanks, cisterns, and feed systems in decentralized rural locations.

• Transport & Logistics Providers : Use remote data to plan refueling , reduce downtime, and avoid dry runs.

Oil and gas leads in volume and spending, but utilities and agriculture are growing fast due to smart infrastructure programs globally.

 

By Region

This last segment reflects the geographic spread and adoption pace of remote tank monitoring systems.

• North America : The most mature market, with high-tech adoption and strong replacement demand.

• Europe : Regulatory pressure around chemical and fuel storage drives demand. Strong sustainability focus.

• Asia Pacific : Fastest growth, led by smart agriculture programs in India, Australia, and Southeast Asia.

• Latin America : Increasing adoption in oil and gas-rich countries like Brazil and Mexico.

• Middle East and Africa : Still early-stage, but gaining traction in mining, oil storage, and rural utilities.

Asia Pacific is projected to see the highest CAGR through 2030, largely due to its growing need for remote water and fuel monitoring infrastructure.

 

Market Trends And Innovation Landscape

Remote tank monitoring has quietly evolved from a basic sensor solution into a vital part of industrial IoT ecosystems. The shift isn’t just about more data — it’s about smarter, faster, and more actionable insights across disconnected assets. In this section, we look at the biggest innovation themes driving the next phase of growth in the Global Remote Tank Monitoring Market .

Rise of Cellular and LPWAN Connectivity

The death of 2G and 3G networks sparked a wave of innovation in how tank sensors communicate. Most new deployments are now leveraging NB-IoT , LTE-M , or LoRaWAN protocols — all designed to support low-power, wide-area connectivity.

What makes this trend matter? Low data usage and long battery life mean companies can deploy tank monitors even in regions with poor power infrastructure or limited connectivity. Telcos are now bundling remote tank monitoring into IoT services for verticals like agriculture and fuel retail — turning data plans into long-term revenue streams.

One IoT integrator recently rolled out over 15,000 LoRa-based tank sensors across rural India for water conservation programs — with battery lives exceeding 8 years.

 

Cloud-Native Dashboards with AI-Powered Alerts

Monitoring used to mean viewing tank levels. Today, it’s about getting an automated email or text before a problem occurs. Cloud-native platforms are embedding machine learning models that analyze fill rates, pressure anomalies, or seasonal usage patterns to flag early warning signals.

For example, a fuel distributor might receive an automated notification when tank fill patterns deviate from historical norms — potentially preventing theft, overfills, or delivery errors.

Vendors are also integrating geospatial data , weather inputs , and historical usage curves to drive smarter replenishment planning. These aren’t just dashboards — they’re decision engines.

 

Edge Intelligence is Moving Closer to the Tank

Not all tanks are online. For deployments without continuous connectivity, edge-based logic is becoming essential. New sensor models now come with onboard processing — enabling them to make decisions locally (e.g., trigger a valve shutoff or sound an alarm) before sending updates to the cloud.

This is particularly relevant in oilfields, chemical plants, or agricultural areas where bandwidth is scarce or latency is risky.

As one field engineer put it: “If your system needs internet to stop a tank from overflowing, it’s already too late.”

 

Sustainability and ESG Reporting Pressure

Environmental compliance is now an operational reality — especially in sectors like chemicals, fuel, and wastewater. Tank monitoring platforms are being used not just to prevent leaks, but to generate automated audit trails , digital inspection logs , and usage data that feed directly into ESG reports.

Companies are also leveraging tank data to reduce unnecessary deliveries (lowering CO2 emissions) and minimize overstocking, which reduces inventory waste.

This trend is pushing vendors to integrate compliance templates , PDF reporting modules , and regulatory tagging directly into their platforms.

 

Hardware Innovation: Smarter, Smaller, Longer-Lasting

Hardware isn’t standing still either. Modern tank sensors now come with IP68-rated enclosures , solar charging , and 5– 10 year battery life . Self-calibrating sensors, magnetostrictive technologies, and even radar-based level detection are replacing float-based or ultrasonic legacy systems.

There’s also a move toward non-intrusive sensors that stick on the outside of tanks — reducing installation cost and safety risk in hazardous environments.

 

Open APIs and Platform Integration

Remote tank monitoring is no longer a siloed system. It’s part of a broader operational stack. Leading vendors are offering open APIs to plug sensor data into SCADA systems, ERP platforms, and even logistics dispatch systems.

Some companies now treat tank level alerts as triggers for route optimization , dynamic pricing , or preventive maintenance cycles — all from a central control center .

 

Competitive Intelligence And Benchmarking

The competitive landscape of the Global Remote Tank Monitoring Market is undergoing rapid transformation — driven by new entrants from telecom, cloud, and edge computing, as well as aggressive moves by traditional industrial monitoring players. This is no longer just a battle of sensors — it’s a race to own the full ecosystem: hardware, connectivity, data, and platform intelligence.

Let’s take a closer look at how the key players are positioning themselves.

Otodata

A dominant force in North America, Otodata has carved out a leadership position by offering cost-effective LTE-based tank monitors, especially for propane distributors. Their edge lies in simplicity and scale. Otodata’s plug-and-play hardware paired with a cloud dashboard allows fuel marketers to track thousands of tanks with minimal overhead.

They’ve also pushed aggressive pricing, making it easier for smaller fuel dealers to digitize their operations without large upfront investments. Otodata’s growing API capabilities now allow third-party integration with billing, delivery, and customer service systems.

 

Anova

Anova brings scale and global presence. The company has deployed hundreds of thousands of monitors across over 80 countries, targeting fuel, chemicals, and cryogenic tanks. What makes Anova stand out is its multi-network, multi-protocol approach — supporting LoRa, LTE-M, and satellite.

They offer predictive analytics, alerting tools, and tank-level forecasting that appeal to logistics-heavy sectors. Their recent focus has been expanding OEM partnerships and acquiring regional competitors, bolstering both product breadth and global market share.

Anova’s remote telemetry units are now used across both fixed and mobile tank fleets, adding a layer of asset tracking to their monitoring capabilities.

 

SkyBitz

A longtime player in fleet and asset tracking, SkyBitz has moved decisively into remote tank monitoring through its PetroLink solutions. Their strategy focuses on vertical integration — targeting fuel marketers who also need route optimization, delivery automation, and real-time customer visibility.

SkyBitz’s strength lies in bundling. Their enterprise clients often get tank sensors, dispatch tools, and mobile access as a unified service. The company also leverages its telecom roots to offer seamless cellular integration without customer-side SIM management.

 

TankScan (Ametek)

TankScan , backed by industrial conglomerate Ametek , plays strongly in industrial and municipal water monitoring. Their ultrasonic-based sensors and ATEK Insight platform cater to users who need high-reliability readings in harsh conditions.

Their edge is reliability and ruggedization — key for clients in chemicals, wastewater, and environmental services. TankScan also leans on Ametek’s broader instrumentation portfolio to cross-sell into industrial automation and remote diagnostics.

 

Wika Group

Wika brings industrial pedigree, particularly in pressure and level instrumentation. Their tank monitoring systems often come as part of larger plant automation suites, with a strong foothold in petrochemicals, food processing, and pharmaceuticals.

Rather than compete on dashboard software, Wika often embeds monitoring into broader control system packages. This makes them more visible to OEMs and EPC firms than to end-users directly.

 

Emerson and Schneider Electric (Emerging Integrators)

Large automation players like Emerson and Schneider are starting to include tank monitoring in their IIoT ecosystems , particularly for smart plants and energy infrastructure. While not focused solely on tanks, their platforms support integration with remote level sensors and feed data into enterprise-level control centers .

Their strength lies in end-to-end visibility. They’re not chasing small installations — but for large facilities looking to digitize everything from storage to shipping, these companies offer a one-stop shop.

 

Regional Landscape And Adoption Outlook

The adoption of remote tank monitoring is uneven globally, shaped by industrial maturity, infrastructure readiness, and regulatory pressure. Understanding regional dynamics is crucial for stakeholders aiming to capture growth in this evolving market.

North America

North America remains the most mature and technologically advanced market. The United States and Canada are leaders in fuel, chemical, and municipal water monitoring. Factors driving adoption include:

• Regulatory mandates on leak prevention and environmental compliance.

• High digital maturity , including widespread cellular and IoT networks.

• Strong industrial IoT adoption , where tank monitoring is integrated into broader asset management and predictive maintenance systems.

Here, OEMs and service providers focus on retrofitting existing infrastructure with cloud-connected sensors. The demand for predictive analytics and API-enabled dashboards is particularly high among fuel distributors and large municipalities. Replacement and upgrade cycles are as important as new deployments, maintaining a steady growth trajectory.

 

Europe

Europe represents a sophisticated market with regulatory and sustainability pressures shaping deployment. Germany, the UK, and France are particularly active due to:

• Stringent environmental regulations for chemicals, fuel, and water storage.

• Government incentives for smart utility management.

• Emphasis on ESG reporting , pushing companies to adopt real-time monitoring to track compliance.

Adoption is concentrated among large industrial players and utilities, while small and mid-sized firms are increasingly exploring subscription-based monitoring solutions. The rise of digital twins and cloud analytics in Western Europe is also influencing product development and adoption strategies.

 

Asia Pacific

Asia Pacific is the fastest-growing region, led by India, China, Japan, and Australia . Growth is fueled by:

• Rapid industrialization and expanding fuel distribution networks.

• Government-backed smart agriculture and water infrastructure programs .

• Urbanization and industrial expansion , particularly in chemical plants and storage facilities.

The market here is characterized by greenfield deployments , especially in rural or semi-urban areas. Low-power wide-area networks (LPWAN) and solar-powered sensors are helping overcome connectivity and energy challenges. Asia Pacific is expected to maintain the highest CAGR through 2030, as tank monitoring shifts from a luxury to a necessity in resource management.

 

Latin America

Latin America is in a nascent adoption stage, with countries like Brazil, Mexico, and Argentina leading in fuel and chemical tank monitoring. Key dynamics include:

• Growing awareness of theft prevention and leak management .

• Infrastructure modernization initiatives in oil & gas and municipal water sectors.

• Early-stage IoT adoption , often with mobile- or cloud-based solutions replacing manual inspection.

Here, affordability and reliability dominate procurement decisions, and vendors offering flexible financing or SaaS models are gaining traction.

 

Middle East and Africa (MEA)

MEA represents a frontier market, where adoption is patchy but growing. Saudi Arabia, UAE, and South Africa are early adopters, driven by:

• Oil & gas infrastructure modernization .

• Water scarcity management , requiring accurate monitoring of tanks and reservoirs.

• Public-private partnerships supporting digital adoption in utilities.

Challenges remain in rural and remote areas due to connectivity and power constraints. However, solar-powered, LPWAN-enabled sensor deployments are starting to gain momentum.

 

End-User Dynamics And Use Case

The Global Remote Tank Monitoring Market serves a diverse set of end users, each with distinct operational requirements, risk profiles, and decision-making processes. Understanding these dynamics is critical for vendors aiming to position solutions effectively across industries.

Oil and Gas Companies

Oil and gas firms remain the largest adopters of remote tank monitoring systems. Their needs are driven by:

• High-value inventories across upstream, midstream, and downstream operations.

• Theft and diversion prevention , especially in distributed storage depots.

• Regulatory compliance for spill prevention and reporting.

These companies often prefer high-accuracy, ruggedized sensors with cloud dashboards that integrate with existing SCADA and ERP systems. Predictive alerts for tank fill anomalies or potential leaks help optimize logistics and reduce operational downtime.

 

Chemical Manufacturers

Chemical processing plants rely on remote tank monitoring to manage hazardous or corrosive liquids. Key considerations include:

• Precision and safety , ensuring tanks are within pressure, temperature, and fill thresholds.

• Audit trails and regulatory reporting , often mandated by local environmental and safety authorities.

• Integration with plant automation for real-time alerts and emergency response.

Vendors serving this sector focus on non-intrusive, explosion-proof sensors and platforms capable of generating compliance-ready reports automatically.

 

Utilities and Municipalities

Water utilities, wastewater treatment facilities, and municipal services are increasingly adopting remote monitoring for:

• Level management in water reservoirs and tanks.

• Leak detection to prevent wastage and service interruptions.

• Operational efficiency , allowing fewer field inspections and more predictive maintenance.

Adoption is strongest in regions investing in smart infrastructure initiatives, such as Asia Pacific and parts of Europe. These systems often feature LPWAN connectivity and battery or solar-powered sensors , suitable for remote locations.

 

Agriculture and Irrigation Operators

Farms and irrigation networks benefit from tank monitoring by:

• Optimizing water usage , critical in water-scarce areas.

• Preventing overflows or shortages that can affect crop yields.

• Integrating with automated irrigation systems for efficiency.

This segment favors low-cost, solar-powered sensors with mobile app dashboards, allowing small to medium operators to deploy systems across multiple fields without complex infrastructure.

 

Transport and Logistics Providers

Companies managing fuel or chemical distribution utilize remote monitoring for:

• Optimized routing and delivery scheduling , based on real-time tank levels.

• Reducing downtime and preventing dry runs or overfilling.

• Data-driven planning , integrating tank data into logistics platforms.

These operators prioritize mobile connectivity and real-time notifications , ensuring drivers and dispatch teams can act immediately.

 

Use Case Highlight

A tertiary oil distribution company in Brazil integrated remote tank monitoring across 250 fuel depots in rural regions. Previously, depot staff relied on manual measurements, resulting in stock discrepancies and occasional theft. The company deployed LPWAN-connected sensors with a centralized cloud dashboard. Within six months:

• Inventory accuracy improved by 92% .

• Theft incidents dropped by 60% .

• Delivery efficiency increased , with automated routing based on actual tank levels.

This example underscores the operational, financial, and safety benefits of remote tank monitoring beyond simple data collection. It transforms manual, error-prone processes into predictive, automated workflows that directly impact business outcomes.

 

Recent Developments + Opportunities & Restraints

Recent Developments (Last 2 Years)

• Otodata launched a next-generation LTE-M sensor in 2024 with edge analytics capable of predicting tank depletion trends and sending automated alerts.

• Anova expanded its cloud platform globally in 2023 , integrating AI-based anomaly detection for chemical and fuel tanks.

• SkyBitz introduced a bundled solution in 2024 combining tank monitoring with route optimization software for fuel distributors.

• TankScan ( Ametek ) released non-intrusive ultrasonic sensors in 2023 , designed for hazardous chemical environments with extended battery life.

• Wika integrated remote tank monitoring into enterprise automation suites in 2024 , enhancing predictive maintenance and compliance reporting.

 

Opportunities

• Emerging Markets Expansion : Asia Pacific, Latin America, and MEA are high-growth regions with greenfield infrastructure and increasing digital adoption.

• AI and Predictive Analytics : Using machine learning for anomaly detection, predictive maintenance, and inventory optimization offers new revenue streams.

• Integration with Industrial IoT Ecosystems : Linking tank monitoring with SCADA, ERP, and logistics platforms increases value for enterprise clients.

 

Restraints

• High Initial Capital Costs : Advanced sensors, connectivity modules, and platform subscriptions may deter smaller operators.

• Connectivity and Infrastructure Challenges : Remote and rural locations still face network and power limitations, slowing adoption.
   

7.1. Report Coverage Table

Report Attribute	Details
Forecast Period	2024 – 2030
Market Size Value in 2024	USD 1.06 Billion
Revenue Forecast in 2030	USD 1.96 Billion
Overall Growth Rate	CAGR of 10.4% (2024 – 2030)
Base Year for Estimation	2024
Historical Data	2019 – 2023
Unit	USD Million, CAGR (2024 – 2030)
Segmentation	By Component, By Application, By End User, By Region
By Component	Hardware, Software, Services
By Application	Fuel Monitoring, Chemical Monitoring, Water & Wastewater, Food & Beverage, Others
By End User	Oil & Gas Companies, Chemical Manufacturers, Utilities & Municipalities, Agriculture & Irrigation Operators, Transport & Logistics Providers
By Region	North America, Europe, Asia-Pacific, Latin America, Middle East & Africa
Country Scope	U.S., UK, Germany, China, India, Japan, Brazil, Mexico, South Africa, UAE
Market Drivers	- Rising industrial IoT adoption and operational digitization - Regulatory and environmental compliance requirements - Growing need for predictive maintenance and inventory optimization
Customization Option	Available upon request