Automatic tank gauge systems (ATGs) are a significant addition to any fleet's maintenance program. An ATG is an electronic gauge installed within an above- or below-ground tank. ATGs monitor the fuel volume or lubricant level to determine if the tank is leaking liquids. Automatic tank monitoring systems are useful for assessing fluid levels, tank temperature, leak monitoring, and utilization based on volume to alert operators when tank contents are too high or have hit a critical low. Other features of an ATG technology include measuring any gaps in the connections between tanks, pipes, and hose lines and monitoring technology pressurization. Modern ATGs are sophisticated monitoring systems that are either wired or remotely accessed via a wireless modem. ATG ensures product integrity while reducing expensive inventory loss and environmental expenses associated with a leak by continuously monitoring tank contents and temperature. ATGs can detect changes in tank contents and inform operators when a minor or major leak occurs. Further, temperature measurements check the integrity of fluids, such as gasoline, which expands and contracts in reaction to temperature changes. As a few liquids expand and contract, ATG testing necessitates a period after delivery to allow temperature stability within the tank. Moreover, another significant advantage of implementing ATG technology is the guarantee that enough fuel will be available on hand to meet inventory requirements. It notifies when to re-order and refill with an ATG technology. Deliveries can even be automated, allowing facility managers and warehouse operators to focus on other activities.
With new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the North America level gauge market at a substantial CAGR during the forecast period.
North America Level Gauge Market Segmentation
The North America level gauge market is segmented into gauge type, technology, end-user, and country. Based on gauge type, the market is categorized into tank level, fuel level, water level, and mechanical level. In 2021, the tank level segment held the largest share of the market; and the fuel level segment is expected to register the highest CAGR during the forecast period. Based on technology, the market is segmented into magnetic level gauge, reflex level gauge, transparent level gauge, and tubular level gauge. In 2021, the magnetic level gauge segment held the largest market share; and it is also expected to register the highest CAGR in the market during the forecast period. Based on end-user, the market is segmented into oil & gas, food & beverage, chemical & petrochemical, marine, energy & power, and others. In 2021, the chemical & petrochemical segment held the largest share of the market; and it is also expected to register the highest CAGR during the forecast period. Based on country, the North America level gauge market is segmented into the US, Canada, and Mexico. In 2021, the US held the largest market share; and Canada is expected to grow at the highest CAGR during the forecast period.
ABB Ltd., Barksdale Inc., Ayvaz, BinMaster, Jogler LLC, KOBOLD Messring GmbH, KROHNE Messtechnik GmbH, and Krueger Sentry Gauge Co. are among the leading companies operating in the North America level gauge market.
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 376.21 Million |
| Market Size by 2028 | US$ 550.14 Million |
| CAGR (2021 - 2028) | 5.7% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Gauge Type
|
| Regions and Countries Covered |
North America
|
| Market leaders and key company profiles |
|
The North America Level Gauge Market is valued at US$ 376.21 Million in 2021, it is projected to reach US$ 550.14 Million by 2028.
As per our report North America Level Gauge Market, the market size is valued at US$ 376.21 Million in 2021, projecting it to reach US$ 550.14 Million by 2028. This translates to a CAGR of approximately 5.7% during the forecast period.
The North America Level Gauge Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the North America Level Gauge Market report:
The North America Level Gauge Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The North America Level Gauge Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the North America Level Gauge Market value chain can benefit from the information contained in a comprehensive market report.
Please tell us your area of interest
(Market Segments/ Regions and Countries/ Companies)
E 1803, Panchshil Towers,
Wagholi, Haveli,
Pune - 412207,
Maharashtra, India
US:+16467917070
sales@businessmarketinsights.com
Get Free Sample For North America Level Gauge Market
