Remote tank monitoring white paper
How wireless connectivity is driving new efficiencies in remote tank monitoring
Read white paper
Which technologies can best support this rapidly growing market?
Efficient use of resource tanks and their contents is a critical process for many businesses and public sector organizations. Downtime can pose an unacceptable risk if levels run low of vital resources or if capacity is filled. Traditionally, tank monitoring has often been an inefficient process – based on manual checks by human monitors to often remote or hazardous facilities, or simply rough estimates with all the associated loss of precision in resource management.
Now, thanks to newer connected technologies, the opportunity arises to monitor and manage tanks remotely in innovative ways. This is now therefore a rapidly growing segment in all markets around the world. The global installed base of active remote tanking monitoring systems exceeded 6.2 million units at the end of 2021 and is growing at a compound annual growth rate of 29.9% with the firm expecting the active installed base to hit 23 million units in 2026.
With the ongoing global retirements of 2G and 3G networks, 4G in the form of LTE Cat 1 or Cat 1 bis will be the most popular network selection for tank monitoring. Alternatives include LPWA networks, such as NB-IoT, while organizations that face coverage issues will need to consider satellite connectivity in the form of NTN.
A wide range of connectivity types – such as LPWA, NTN, LTE 450, and Cat 1 bis – can effectively support remote tank monitoring applications. The key to success is understanding how the technical and commerical context of each application scenario determines the choices that must be made. With the demand for connected, remote tank monitoring growing each year, now is the time for relevant organizations to make the switch to ensure they keep pace with their competition – this white paper explains which connectivity and hardware setup is best for each context.