Jul 18, 2017   SOURCE: BusinessWire

Global Inventory Tank Gauging Market 2017-2021 - Key vendors are Emerson, Endress+Hauser, Honeywell International, Kongsberg Gruppen & Schneider Electric - Research and Markets

The "Global Inventory Tank Gauging Market 2017-2021" report has been added to Research and Markets' offering.

The analysts forecast the global inventory tank gauging market to grow at a CAGR of 4.62% during the period 2017-2021.

Global Inventory Tank Gauging Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

One trend in market is innovation in tank gauging system. An increase in the innovation of new types of technologies for inventory management, will help boost the ITG market. Companies are constantly involved in R&D to develop better equipment that provides higher accuracy.

In 2016, Endress+Hauser developed a tank gauging platform, which is a complete inventory and monitoring control system. The system was primarily formulated for tank farms in oil and gas, chemicals, refineries, and similar industries, where a large amount of liquid or solid is required to be stored.

One driver in market is growth in petrochemical and chemical industry. The growth of the petrochemical and chemical industries will boost the demand for ITG equipment, since it helps in measuring bulk liquids in storage tanks. Chemical manufacturing requires complex series of processes such as cooling, condensing, and heating for separation and evaporation.

Key vendors

  • Emerson
  • Endress+Hauser
  • Honeywell International
  • Kongsberg Gruppen
  • Schneider Electric

Other prominent vendors

  • Cameron Forecourt
  • Franklin Fueling Systems
  • Jasch Industries
  • KROHNE
  • L&J Technologies
  • MTS Systems Corporation
  • Motherwell Tank Gauging
  • Musasino
  • Senix CorporationTokyo Keiso
  • Varec

Key Topics Covered:

Part 01: Executive summary

Part 02: Scope of the report

Part 03: Research Methodology

Part 04: Introduction

Part 05: Market landscape

Part 06: Market segmentation by technology

Part 07: Geographical segmentation

Part 08: Market drivers

Part 09: Market challenges

Part 10: Impact of drivers and challenges

Part 11: Market trends

Part 12: Vendor landscape

Part 13: Key vendor analysis

Part 14: Appendix

For more information about this report visit https://www.researchandmarkets.com/research/xdvtfl/global_inventory