Radar Tank Gauge for Gas Carrier Market size was valued at USD 120 Million in 2024 and is projected to reach USD 200 Million by 2033, exhibiting a CAGR of 6.5% from 2026 to 2033.
In 2022, the global radar tank gauge market for gas carriers was valued at USD 1.5 billion, with projections estimating growth to USD 2.8 billion by 2030, reflecting a compound annual growth rate (CAGR) of 8.5% from 2024 to 2030. The Asia Pacific region is anticipated to lead this market, driven by rapid industrialization and increased energy demand in countries such as China, India, and Japan. This surge is attributed to significant investments in liquefied natural gas (LNG) infrastructure, including import and export terminals, storage facilities, and transportation networks. The Asia Pacific radar tank gauge market is expected to grow at a CAGR of 8.1% during the forecast period. North America also represents a significant segment of the radar tank gauge market, bolstered by the expanding shale gas industry and rising LNG exports. The United States and Canada are key contributors, with extensive LNG infrastructure and export capabilities. The demand in this region is further supported by stringent safety and environmental regulations mandating advanced monitoring systems, with a projected CAGR of 6.5%. Europe follows closely, with its market growth driven by strict environmental regulations and a commitment to reducing carbon emissions, leading to increased investments in LNG infrastructure. The European radar tank gauge market is projected to grow at a CAGR of 6.8% during the forecast period.
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Emerson Electric CO
Kongsberg Gruppen
Cameron Forecourt
Franklin Fueling Systems
Motherwell Tank Gauging
L&J Technologies
VG Instruments
Musasino
Leidos
Radar Tank Gauging
KROHNE Messtechnik GmbH
Tokyo Keiso
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Radar Tank Gauge for Gas Carrier Market
FMCW (Frequency Modulated Continuous Wave)
Pulsed Radar
Chemical Industry
Oil & Gas
Power Generation
Food & Beverage
Level Measurement
Volume Measurement
Interface Measurement
Transmitter
Receiver
Signal Processing Unit
Display Unit
Suitable for Floating Roof Tanks
Fixed Roof Tanks
Custody Transfer Applications
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Radar Tank Gauge for Gas Carrier Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Radar Tank Gauge for Gas Carrier Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Radar Tank Gauge for Gas Carrier Market, By Type
6. Global Radar Tank Gauge for Gas Carrier Market, By Application
7. Global Radar Tank Gauge for Gas Carrier Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Radar Tank Gauge for Gas Carrier Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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