Having access to accurate and reliable real time tank inventory data is the key to high plant productivity. Tank radar gauge is used to measure the level of liquids, slurries as well as many solids. The gauge in radar tank operates in wide range of pressures, temperatures, vapor gas mixtures and various process conditions. Tank radar gauge has various advantages, such as overfill prevention, easy upgrade with emulsion, wireless tank gauging, and floating roof monitoring. A tank radar gauge consist of a transmitter head and a tank connection including antenna. The electronics part in tank radar gauge with the transmitter head present inside, is interchangeable without opening the tank. Tank radar gauge can be equipped with the various types of antennas to fulfill different requirements. Cone antenna is the most preferred antenna in the tank radar gauge.
Tank radar gauge operates on the state-of-the art microwave technology, in order to get significant precision and high reliability. Tank radar gauge system is suitable for almost all tank type of tanks; non-pressurized or pressurized, with floating roofs or fixed roofs. Tank radar gauge system is also suitable for various application such as refineries, marketing terminals, biofuel plants, aviation fuel depots distilleries, liquefied gas terminals, independent tank terminals, pipeline terminals, petrochemical industries and power plants.
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Tank Radar Gauge Market: Segmentation
Globally, the tank radar gauge market can be segmented on the basis application, and antenna version
Based on the application, the tank radar gauge market can be segmented into,
- Storage tanks at refineries and tank terminals
- Petrochemical and Chemical industry
- Power plants
- Water and Sewage treatment
- Food and Beverage
- LPG Storage
- Hydroelectric power generations and dams
- Powder, Wood chips, Cement and other solid material application
Based on the antenna versions, the tank radar gauge market can be segmented into,
- Cone antenna
- Parabolic antenna
- Still-pipe Array antenna
- Process Seal antenna
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Tank Radar Gauge Market: Dynamics
Boost plant efficiency: by using the tank radar gauge operators can handle more than one tanks, and safely fill them higher to better utilize storage capacity, which boost the plant capacity. Hence the demand of tank radar gauge is increasing rapidly, which driving the this market
Raise the level of safety: lawmakers, insurance company, corporate management, members of the community and others demands for increased safety comes from just about everywhere, tank radar gauge is continuously under surveillance which provide complete safety and also it is automatic proof-testing without affecting tank operation which predominantly driving the global tank radar gauge market.
Ensure precise measurement: tank radar gauge system gives the precise data for inventory management, certified custody transfer, and loss control. As a result, the demand of tank radar gauge is increasing across various end use industries.
However, the high initial installation cost as compare to other product in same segment may hamper the growth of radar gauge market.
The key manufacturer involved in the production of tank radar gauge are strongly focuses on the innovation and technological advancement in the product, in order to make it more accurate and efficient.
Tank Radar Gauge Market: Regional Outlook
Europe is the leading region in terms of production and consumption of tank radar gauge, owing to presence of significant number of end use industries, such as power plant, chemical industries and others. Asia pacific is the emerging market for tank radar gauge system, due to increase in the adoption of advance technology such as RADAR and others. North America is the significant market for tank radar gauge, owing to constantly increase in end use industries and growing demand for more accurate and efficient tank gauging system, such as tank radar gauge. Latin America and MEA expected to show stagnant growth in tank radar gauge market, due to growing number of manufacturers and distributor of tank radar gauge system in this region.
Tank Radar Gauge Market: Market Participants
The key players involved in the tank radar gauge market are Emerson Electric CO, Kongsberg Gruppen, Cameron Forecourt Ltd, Franklin Fueling Systems Inc., Motherwell Tank Gauging, L&J Technologies and Others.
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The research report presents a comprehensive assessment of the tank radar gauge market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to tank radar gauge market segments such as component, type, application, end-user and region, etc.
- A detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current, and projected market size regarding volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies for key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint