Market Overview:
The global floating roof monitoring system market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for oil and gas, rising concerns over environmental safety, and growing adoption of advanced technologies. Based on type, the global floating roof monitoring system market is segmented into RF monitoring system and others. The RF monitoring system segment is further sub-segmented into active RF systems and passive RF systems. Active RF systems are more expensive than passive RF systems but provide better accuracy and reliability. Based on application, the global floating roof monitoring system market is segmented into oil industry, chemical industry, food and beverage industry, and others. Oil industry accounted for the largest share of the global floating roof monitoring system market in 2017 owing to increasing demand for oil across the globe coupled with stringent regulations pertaining to environmental safety.
Product Definition:
A floating roof monitoring system is a tool used to measure the level of liquid in a tank. It can be used for both commercial and residential purposes. The importance of a floating roof monitoring system is that it provides an accurate reading of the liquid level in a tank, which can help prevent overfilling or underfilling.
RF Monitoring System:
Radio frequency monitoring system is a device used to observe and record real-time data of building structures. It helps in reducing the time consumption for conducting an inspection, thereby saving cost. RFMS uses radio frequency to send out electromagnetic waves which are then captured by the sensors installed on the structure.
Others:
Others include services such as software and hardware, installation & integration, training & consulting. Hardware is the primary component of the floating roof monitoring system. It includes sensors and other components that help in collecting data from various sources for analysis by software algorithms to generate reports.
Application Insights:
The others application segment includes retail, healthcare, hospitality and leisure, education buildings and government. The demand for FLRS in these sectors is expected to increase significantly over the forecast period owing to the rising number of construction activities in various parts of the world. In addition, increasing investments by governments in developing infrastructure across several industries are likely to propel market growth over the forecast period.
The oil industry segment accounted for a significant share of 22% in 2017 owing to an increase in drilling activities across major economies such as Russia, Saudi Arabia UAE and Mexico among others. Rapid urbanization coupled with industrialization has led to an increased need for efficient energy generation resulting into growing demand for fossil fuels including crude oil which further propels market growth worldwide.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The growth can be attributed to increasing construction activities in countries, such as China and India. In addition, rising demand for commercial buildings in these countries is anticipated to fuel the regional product demand.
The Asia Pacific region accounted for a revenue share of more than 30% in 2017 owing to high construction activities and rapid urbanization across emerging economies, such as China and India. Moreover, growing oil & gas industry across this region will drive RF monitoring system market growth over the next eight years. Increasing chemical production capacities are also likely to support product demand over the forecast period in Europe and North America regions respectively (see Table 1). However, slowdowns or halts in manufacturing operations due to contamination caused by gas leakage may hinder product penetration within these industries (see Table 2).
Growth Factors:
- Increasing demand for fuel-efficient vehicles
- Stringent emission norms by regulatory authorities
- Rising demand from end-use industries
- Technological advancements in floating roof monitoring system
- Growing awareness about the benefits of using floating roof monitoring system
Scope Of The Report
Report Attributes
Report Details
Report Title
Floating Roof Monitoring System Market Research Report
By Type
RF Monitoring System, Others
By Application
Oil Industry, Chemical Industry, Food and Beverage, Others
By Companies
Emerson, ALLTEC, Honeywell, Syscor Controls & Automation
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
183
Number of Tables & Figures
129
Customization Available
Yes, the report can be customized as per your need.
Global Floating Roof Monitoring System Market Report Segments:
The global Floating Roof Monitoring System market is segmented on the basis of:
Types
RF Monitoring System, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Oil Industry, Chemical Industry, Food and Beverage, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Emerson
- ALLTEC
- Honeywell
- Syscor Controls & Automation
Highlights of The Floating Roof Monitoring System Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- RF Monitoring System
- Others
- By Application:
- Oil Industry
- Chemical Industry
- Food and Beverage
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Floating Roof Monitoring System Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A floating roof monitoring system (FRMS) is a type of weather station that collects data on temperature, humidity, and rainfall. The data is transmitted to a computer for analysis.
Some of the major companies in the floating roof monitoring system market are Emerson, ALLTEC, Honeywell, Syscor Controls & Automation.
The floating roof monitoring system market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Floating Roof Monitoring System Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Floating Roof Monitoring System Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Floating Roof Monitoring System Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Floating Roof Monitoring System Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Floating Roof Monitoring System Market Size & Forecast, 2018-2028
4.5.1 Floating Roof Monitoring System Market Size and Y-o-Y Growth
4.5.2 Floating Roof Monitoring System Market Absolute $ Opportunity
Chapter 5 Global Floating Roof Monitoring System Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Floating Roof Monitoring System Market Size Forecast by Type
5.2.1 RF Monitoring System
5.2.2 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Floating Roof Monitoring System Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Floating Roof Monitoring System Market Size Forecast by Applications
6.2.1 Oil Industry
6.2.2 Chemical Industry
6.2.3 Food and Beverage
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Floating Roof Monitoring System Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Floating Roof Monitoring System Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Floating Roof Monitoring System Analysis and Forecast
9.1 Introduction
9.2 North America Floating Roof Monitoring System Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Floating Roof Monitoring System Market Size Forecast by Type
9.6.1 RF Monitoring System
9.6.2 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Floating Roof Monitoring System Market Size Forecast by Applications
9.10.1 Oil Industry
9.10.2 Chemical Industry
9.10.3 Food and Beverage
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Floating Roof Monitoring System Analysis and Forecast
10.1 Introduction
10.2 Europe Floating Roof Monitoring System Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Floating Roof Monitoring System Market Size Forecast by Type
10.6.1 RF Monitoring System
10.6.2 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Floating Roof Monitoring System Market Size Forecast by Applications
10.10.1 Oil Industry
10.10.2 Chemical Industry
10.10.3 Food and Beverage
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Floating Roof Monitoring System Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Floating Roof Monitoring System Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Floating Roof Monitoring System Market Size Forecast by Type
11.6.1 RF Monitoring System
11.6.2 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Floating Roof Monitoring System Market Size Forecast by Applications
11.10.1 Oil Industry
11.10.2 Chemical Industry
11.10.3 Food and Beverage
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Floating Roof Monitoring System Analysis and Forecast
12.1 Introduction
12.2 Latin America Floating Roof Monitoring System Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Floating Roof Monitoring System Market Size Forecast by Type
12.6.1 RF Monitoring System
12.6.2 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Floating Roof Monitoring System Market Size Forecast by Applications
12.10.1 Oil Industry
12.10.2 Chemical Industry
12.10.3 Food and Beverage
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Floating Roof Monitoring System Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Floating Roof Monitoring System Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Floating Roof Monitoring System Market Size Forecast by Type
13.6.1 RF Monitoring System
13.6.2 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Floating Roof Monitoring System Market Size Forecast by Applications
13.10.1 Oil Industry
13.10.2 Chemical Industry
13.10.3 Food and Beverage
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Floating Roof Monitoring System Market: Competitive Dashboard
14.2 Global Floating Roof Monitoring System Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Emerson
14.3.2 ALLTEC
14.3.3 Honeywell
14.3.4 Syscor Controls & Automation
