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INVENTORY TANK GAUGING

Global Market Trajectory & Analytics

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  •  DATE

    JULY 2020

  •  TABLES

    108

  •  PAGES

    181

  •  EDITION

    7

  •  PRICE

    USD $4950

COVID-19 IMPACT SURVEY
Amid the COVID-19 crisis, the global market for Inventory Tank Gauging estimated at US$613.9 Million in the year 2020, is projected to reach a revised size of US$779.1 Million by 2027, growing at a CAGR of 3.5% over the period 2020-2027.Electronic ITG, one of the segments analyzed in the report, is projected to grow at a 3.2% CAGR to reach US$507.6 Million by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Mechanical ITG segment is readjusted to a revised 3.9% CAGR for the next 7-year period. This segment currently accounts for a 33.9% share of the global Inventory Tank Gauging market.
The Inventory Tank Gauging market in the U.S. is estimated at US$165.8 Million in the year 2020. The country currently accounts for a 27% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$162 Million in the year 2027 trailing a CAGR of 6.2% through 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1% and 2.6% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 1.7% CAGR while Rest of European market (as defined in the study) will reach US$162 Million by the year 2027.We bring years of research experience to this 7th edition of our report. The 181-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
Competitors identified in this market include, among others, Cameron Forecourt Limited; Emersion Electric Co.; Endress+Hauser AG; Franklin Fueling Systems; Honeywell International, Inc.; Jasch Industries Limited.; Kongsberg Gruppen ASA; KROHNE Messtechnik GmbH; L&J Technologies; Motherwell Tank Gauging; MTS Systems Corporation; Musasino Co., Ltd.; Schneider Electric SA; Senix Corp.; Tokyo Keiso Co., Ltd.; Varec, Inc.
» Technology (Electronic ITG, Mechanical ITG)
» World » United States » Canada » Japan » China » Europe » France » Germany » Italy » United Kingdom » Spain » Russia » and Rest of Europe » Asia-Pacific » Australia » India » South Korea » and Rest of Asia-Pacific » Latin America » Argentina » Brazil » Mexico » and Rest of Latin America » Middle East » Iran » Israel » Saudi Arabia » United Arab Emirates » and Rest of Middle East » and Africa

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