Submëtrika

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Remote monitoring of fuel tanks involves the use of technology to collect, transmit, and analyze data related to the storage and distribution of fuels such as gasoline, diesel, or LPG (liquefied petroleum gas). This technological solution utilizes IoT devices installed in tanks to provide real-time information about their status and conditions.

These telemetry devices are connected to the tanks and gather key data such as fuel levels, temperature, pressure, and other relevant parameters. This data is transmitted via IoT connectivity to a centralized cloud-based platform. The platform utilizes algorithms and analytics to interpret the information, generating reports and automatic alerts in case of abnormal conditions or maintenance needs.

This solution offers numerous benefits, including inventory management optimization by preventing fuel shortage or excess situations, monitoring environmental conditions to ensure safety and regulatory compliance, improving operational efficiency by proactively planning supply and maintenance, and reducing costs by avoiding losses and optimizing resource usage.

A recent statistical report from Berg Insight (“The Global Remote Tank Monitoring Market”, 2023) highlights the growing importance of remote tank monitoring (RTM) globally. By the end of 2022, the global installed base of active RTM solutions reached 7.7 million units, with a projected compound annual growth rate (CAGR) of 25.0%, estimated to reach 23.5 million units by 2027.

According to Berg Insight, the European market accounted for over 1.8 million active RTM systems by the end of 2022. It is projected that the North American market will surpass the European market, with around 3.2 million active units. Additionally, the Asia-Pacific market is estimated to have an installed base of approximately 1.7 million RTM systems by the end of 2022. South America and the Middle East & Africa are smaller markets, with installed bases of 385,000 and 539,000 units, respectively.

In this context, Submëtrika stands out as a key player among providers of active RTM solutions globally. The Zaragoza-based company, with a presence in 14 countries and around 20,000 assets in Southern Europe, has consolidated its position as the undisputed leader in IoT connectivity for Gas and Oil tanks. Specializing in telemetry meter manufacturing, the company distinguishes itself through devices governed by three key principles: efficient data collection, low energy consumption, and accessible costs.

Submëtrika’s innovative solution, known as Trackgas, has revolutionized the operations of diesel and LPG distribution companies in multiple countries, including Kenya, Maldives, and the United States. The effective combination of hardware, simple telemetry equipment, and interchangeable batteries, backed by the powerful software tool Giraf.io, positions Submëtrika as a leader in the industry, maintaining its commitment to simplicity, quality, and profitability.

With growing demand and the acquisition of new contracts in the USA, Submëtrika anticipates closing the year 2024 with approximately 45,000 monitored tanks, implying a substantial expansion of its market presence and reinforcing its position as a leader in IoT connection for Gas & Oil tanks. Looking further ahead, Submëtrika sets an even more ambitious goal by aiming to surpass the 100,000 monitored tanks barrier by the year 2025.

02 Comments

  • Monsur Rahman

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