Report details tank monitoring market growth

August 19, 2015 By    

RnR Market Research released a study that reports the tank level monitoring systems market is expected to reach $859 million by 2020 at a calculated annual growth rate of 6 percent between 2015 and 2020.

Tank level monitoring systems have applications used in various industries, including oil and fuel, chemical, mining, agriculture and automotive. According to the report, some of the biggest demand for remote tank level monitoring systems comes from propane retailers. Two of the main reasons for the popularity of these systems among propane retailers are safety and homeowner assurance.

According to the report, low installation costs and the rising demand for worker safety drive the tank level monitoring systems market.

RnR Market Research’s library provides reports from market research publishers to various industries across the world. The company’s report on the tank level monitoring systems market is available to preview or purchase online.

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