Tank Level Monitoring System Market Report 2026

The tank level monitoring system market size has grown strongly in recent years. It will grow from $1.15 billion in 2025 to $1.24 billion in 2026 at a compound annual growth rate (CAGR) of 7.3%. The growth in the historic period can be attributed to rise in industrial storage tank installations, increasing need for accurate fluid level measurement, expansion of oil and gas monitoring operations, earlier adoption of float and tape gauge systems, growing demand for safety compliance in hazardous environments.

The tank level monitoring system market size is expected to see strong growth in the next few years. It will grow to $1.65 billion in 2030 at a compound annual growth rate (CAGR) of 7.5%. The growth in the forecast period can be attributed to increasing adoption of iot enabled monitoring devices, rising preference for automation in industrial plants, growth in non invasive sensor deployment, expansion of digital fluid management platforms, increasing integration of cloud based analytics. Major trends in the forecast period include adoption of connected and remote tank monitoring solutions, shift toward non invasive and contactless level measurement, integration of predictive maintenance in tank level monitoring, rising use of high precision radar and ultrasonic technologies, growth in real time fluid analytics and automated reporting.

The upsurge in mining activities has also played a positive role in influencing the tank-level monitoring system market. In mining operations, these monitoring systems are vital for accurate tracking of fuel levels in tanks. Monitoring fuel consumption and operational modes of mining and quarrying equipment aids in cost reduction, prevents fuel theft, and minimizes equipment breakdowns. For example, in December 2023, the International Energy Agency (IEA), a France-based autonomous intergovernmental organization, projected that global oil demand would reach 101.7 million barrels per day (mb/d) in 2023, reflecting a year-on-year increase of 2.3 mb/d, before slowing to a growth of just 1.1 mb/d in 2024. This surge in mining activities has consequently escalated the demand for tank-level monitoring systems, thereby stimulating market growth.

Major companies in the tank-level monitoring system market are leveraging advanced technologies like IoT to provide precise and reliable liquid level measurements. These systems feature unique capabilities such as high-resolution sensors and seamless integration applications, which enhance operational efficiency and safety across various industries. Liquid level monitoring involves the continuous assessment and measurement of the height or volume of liquid within a container or tank, ensuring proper management and preventing overflow or shortages. For example, in May 2024, MaxBotix, a US-based company specializing in ultrasonic sensors, launched two innovative products: the MaxBotix Ultrasonic Tank Sensor and the RangeTrack application. These offerings are designed to transform liquid level monitoring and sensor integration processes, aiming to enhance the efficiency and reliability of fluid level monitoring across different container styles.

In January 2023, Schneider Electric SE, a France-based industrial technology company, acquired AVEVA Group plc for £10 billion. This acquisition allows Schneider Electric to leverage advanced industrial software and digital twin technologies to enhance tank-level monitoring solutions, promoting greater efficiency, sustainability, and data-driven decision-making across industrial operations. AVEVA is a UK-based information technology company that specializes in tank-level monitoring systems.

Major companies operating in the tank level monitoring system market are TE Connectivity, Schneider Electric SE, Emerson Electric Co., ATEK Access Technologies, Varec Inc., Graco Inc., Piusi S.p.A., Dunraven Systems, Schmitt Industries Inc, Powelectrics Limited, Banner Engineering, MISENSOR, Wenzhou Shengnuo Automobile Electric Appliance Co. Ltd, Arjay Engineering, AIUT, Senix, American Sensor Technologies Inc. (AST), Centeron, Gauging Systems Inc., Pneumercator, Smartlogix, Digi International Inc, Gilbarco-Veeder Root, Construserv Group, Kronhe, Maritronics, Omnicomm, Technoton, Anytech (Pty) Ltd.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report’s Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

Tariffs on electronic sensors, communication modules, and metal components used in tank level monitoring systems have elevated production and procurement costs, particularly impacting end users in oil, mining, and power generation sectors. These tariffs have slowed cross border sourcing of advanced radar and ultrasonic sensors across Asia Pacific, Europe, and North America. However, they have encouraged localized manufacturing, promoted the use of alternative materials, and accelerated innovation of cost efficient monitoring technologies to reduce import dependency.

The tank level monitoring system market research report is one of a series of new reports that provides tank level monitoring system market statistics, including tank level monitoring system industry global market size, regional shares, competitors with a tank level monitoring system market share, detailed tank level monitoring system market segments, market trends and opportunities, and any further data you may need to thrive in the tank level monitoring system industry. This tank level monitoring system market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

A tank level monitoring system is an advanced device designed for tracking fluid levels within atmospheric tanks. This system accomplishes the monitoring task by detecting the static pressure created by the height of the fluid. This is typically achieved using a tube installed within the tank, and the system displays the volume or level of the fluid.

The tank level monitoring systems market covered in the report is segmented by product into invasive and non-invasive systems. Invasive tank level monitoring systems typically use sensors or probes physically placed inside the tank to directly measure the level of the liquid or gas. Various technologies are employed in tank level monitoring systems, including float and tape gauge, conductivity, ultrasonic, capacitance, radar-based, and other technologies. These systems find applications in diverse industries such as oil & fuel, power plants, mining, automotive, and others.North America was the largest region in the tank level monitoring system market in 2025. The regions covered in the tank level monitoring system market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the tank level monitoring system market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The tank-level monitoring system market consists of sales of invasive tank-level monitoring systems, non-invasive tank-level monitoring systems, and other tank-level monitoring systems. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

This product will be delivered within 1-3 business days.