IoT-based Remote Tank Monitoring to Exceed 25.5 Million Installations by 2028
- Chinmay
- December 13, 2024
- Industrial IoT
- asset monitoring, industrial IoT, IoT for sustainability, IoT in India, process equipment monitoring, Remote Tank Monitoring, RTM solutions in Asia, smart asset management
- 0 Comments
The adoption of Remote Tank Monitoring (RTM) is accelerating globally, with the installed base of active systems projected to grow from 9.3 million units in 2023 to 25.5 million units by 2028, according to a report by Berg Insight. This remarkable growth, at a compound annual growth rate (CAGR) of 22.4%, highlights the increasing relevance of IoT technology in process equipment and asset monitoring applications.
Expanding Opportunities for IoT in Asia
The report reveals that Asia is emerging as a critical market for RTM solutions, driven by rapid industrialization and increasing demand for operational efficiency. The growth potential in the region is immense, making it a significant opportunity for the adoption of IoT technologies in sectors such as oil and gas, water treatment, and manufacturing.
Globally, the installed base of RTM systems has surpassed millions of units, with Asia being one of the fastest-growing contributors to this trend. As industries in the region look for innovative solutions to improve efficiency and reduce costs, RTM provides a scalable and reliable option.
How Remote Tank Monitoring Works
RTM solutions rely on sensors installed in tanks to monitor parameters like liquid levels, temperature, and pressure. These sensors wirelessly transmit data in real-time through technologies like LoRa, NB-IoT, or 4G/5G networks.
The collected data is processed on cloud-based platforms, offering actionable insights through dashboards and mobile apps. Operators receive alerts for anomalies such as leaks or low levels, enabling swift action to prevent downtime or hazards.
Benefits of Remote Tank Monitoring
- Operational Efficiency:
RTM enables real-time inventory monitoring, helping businesses streamline operations, optimize logistics, and plan refills efficiently. - Cost Savings:
Automation of monitoring processes reduces manual checks and minimizes resource wastage, significantly cutting operational costs. - Improved Safety and Compliance:
Early detection of issues like leaks or overfills ensures a safer working environment and compliance with regulatory standards. - Scalable Solutions:
RTM systems support large-scale monitoring networks, ideal for industries managing extensive infrastructure and assets. - Sustainability:
Enhanced resource management reduces waste and supports environmentally responsible operations, a growing focus in industrial sectors.
A Call for IoT Adoption in India
India, with its fast-growing industrial base, stands to gain significantly from the adoption of RTM solutions. Industries across the nation are increasingly recognizing the potential of IoT technology to transform traditional monitoring systems. From optimizing fuel distribution networks to ensuring safe storage of water and chemicals, RTM provides an efficient, scalable, and sustainable solution.
The technology’s ability to reduce downtime, improve safety, and optimize operations aligns perfectly with India’s goals for industrial growth and sustainability. Encouraging the adoption of RTM solutions can drive significant value for businesses while positioning India as a leader in IoT-enabled industrial processes.
