Global Inventory Tank Gauging Market 2014-2018: Key Vendors are Emerson, Honeywell, Kongsberg and Schneider

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Sep 16, 2014, 02:20 ET

DUBLIN, Sept. 16, 2014 /PRNewswire/ -- Research and Markets has announced the addition of the "Global Inventory Tank Gauging Market 2014-2018" report to their offering.

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Inventory tank gauging instruments are used to measure the level of a liquid contained inside a tank. There are two methods of tank gauging: volume based tank gauging and mass based tank gauging. Inventory Tank Gauging instruments are of two types: point level instruments and continuous level instruments. A point level instrument provides a reading of the liquid level at a specific point whereas a continuous level instrument provides a continuous reading of the liquid level inside a tank. Inventory tank gauging instruments are divided into two technological segments: Electronic Inventory Tank Gauging Instruments and Mechanical Inventory Tank Gauging Instruments.

The analysts forecast the Global Inventory Tank Gauging market will grow at a CAGR of 5.22 percent over the period 2014-2018.

This report covers the present scenario and the growth prospects of the Global Inventory Tank Gauging market for the period 2014-2018.

The Global Inventory Tank Gauging market can be segmented into two technological segments: Electronic Inventory Tank Gauging and Mechanical Inventory Tank Gauging.

The report, the Global Inventory Tank Gauging Market 2014-2018, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, and the EMEA and APAC regions; it also covers the Global Inventory Tank Gauging market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.

The Global Inventory Tank Gauging market is witnessing the development of static and dynamic measuring techniques that provide continuous monitoring of liquid levels on a real-time basis. Continuous monitoring of recoded liquid levels with actually metered movement helps in identifying any product losses. The sudden movement of the liquid can be known to the operator with the help of an alarm. Static measurement data from the tank gauging instrument and dynamic measurement data from the flowmeter provides an accurate measurement to the operator.

According to the report, the increasing demand for radar level transmitters is one of the major drivers. Radar technology is mainly used for the detection of continuous level measurement applications. There is an increase in the use of such technologies across industries particularly the Oil and Gas, Marine, Chemical and Petrochemical industries.

Further, the report states that the exposure of inventory tank gauging instruments to extreme climatic conditions is one of the major growth challenges in the market. Pollution, corrosion, temperature, salinity, and pressure affect the accuracy, reliability, and life span of level sensors when they come into contact with rough environments.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

Key Topics Covered:

01. Executive Summary

02. List of Abbreviations

03. Scope of the Report

04. Market Research Methodology

05. Introduction

06. Market Landscape

07. Market Segmentation by Technology

08. Geographical Segmentation

09. Buying Criteria

10. Market Growth Drivers

11. Drivers and their Impact

12. Market Challenges

13. Impact of Drivers and Challenges

14. Market Trends

15. Trends and their Impact

16. Vendor Landscape

17. Key Vendor Analysis

18. Other Reports in this Series

Companies Mentioned: