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The Tank Level Monitoring System Market is projected to grow by USD 266.8 million from 2024-2028, driven by increasing demand in process industries, Market evolution insights powered by AI – Technavio

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NEW YORK, Aug. 30, 2024 /PRNewswire/ — Report on how AI is driving market transformation- The global tank level monitoring system market size is estimated to grow by USD 266.8 million from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of  5.33%  during the forecast period. Growing demand for tank level monitoring system from process industries is driving market growth, with a trend towards technological advancements in tank level monitoring system. However, high cost associated with tank level monitoring system  poses a challenge. Key market players include ABB Ltd., AMETEK Inc., Automation Products Group Inc., Emerson Electric Co., Endress Hauser Group Services AG, FAFNIR GmbH, Flowline, Inc, Fuji Electric Co. Ltd., Garner Industries LLC, Gems Sensors Inc., Graco Inc., Honeywell International Inc., IVEDA SOLUTIONS, INC., KROHNE Messtechnik GmbH, L and J Technologies, Madison Co., Inc., Omega Engineering Inc., OMNTEC Mfg., Inc., Rochester Sensors, Schneider Electric SE, Siemens AG, Tag IT Technologies, Tek-Trol LLC, Temposonics LLC, VEGA Grieshaber KG, and Yokogawa Electric Corp..

Get a detailed analysis on regions, market segments, customer landscape, and companies- View the snapshot of this report

Tank Level Monitoring System Market Scope

Report Coverage

Details

Base year

2023

Historic period

–

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 5.33%

Market growth 2024-2028

USD 266.8 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

4.96

Regional analysis

North America, Europe, APAC, South America, and Middle East and Africa

Performing market contribution

North America at 34%

Key countries

US, Germany, China, France, Japan, and India

Key companies profiled

ABB Ltd., AMETEK Inc., Automation Products Group Inc., Emerson Electric Co., Endress Hauser Group Services AG, FAFNIR GmbH, Flowline, Inc, Fuji Electric Co. Ltd., Garner Industries LLC, Gems Sensors Inc., Graco Inc., Honeywell International Inc., IVEDA SOLUTIONS, INC., KROHNE Messtechnik GmbH, L and J Technologies, Madison Co., Inc., Omega Engineering Inc., OMNTEC Mfg., Inc., Rochester Sensors, Schneider Electric SE, Siemens AG, Tag IT Technologies, Tek-Trol LLC, Temposonics LLC, VEGA Grieshaber KG, and Yokogawa Electric Corp.

Market Driver

The Tank Level Monitoring System market is growing due to increasing demand for efficient and accurate inventory management in various industries. These systems provide real-time data on liquid levels, preventing overfilling or underfilling, and reducing operational costs. They use sensors and transmit data wirelessly to a central system for monitoring and analysis. Companies are investing in these systems to enhance their supply chain management and improve customer satisfaction. 

The Tank Level Monitoring System market is experiencing significant growth in various industries such as Manufacturing, Oil and gas, Transportation, Power generation, Mining, Chemical plants, Pulp and paper, Steel mills, Glass manufacturing, and more. Companies are investing in advanced tank management solutions, including wireless IoT solutions, ultrasonic transmitters, and radar transmitters, to optimize inventory, improve efficiency, and ensure regulatory compliance. LNG, petrochemical, and mining industries are major adopters of these technologies for fluid level monitoring and static pressure sensing. Industry 4.0 and industrial automation are driving the integration of data analytics, artificial intelligence, and wireless sensor networks into tank monitoring systems. Anomaly detection and inventory optimization are key benefits, while environmental regulations continue to shape market trends.

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Market Challenges

The Tank Level Monitoring System market is growing due to increasing demand for efficient and accurate inventory management in various industries. These systems help businesses monitor liquid levels in real-time, reducing overage and underage issues, and ensuring optimal stock levels. The market is driven by advancements in IoT and wireless technologies, making installation and maintenance easier and more cost-effective. Overall, TLMS solutions provide significant cost savings and operational improvements for businesses.The Tank Level Monitoring System market is witnessing significant growth due to the increasing demand for efficient inventory management and regulatory compliance in various industries. Challenges such as data analytics and artificial intelligence are driving the need for advanced tank management solutions that offer anomaly detection and inventory optimization. Environmental regulations and industrial automation are also major factors pushing the market forward. Industries like mining, power plants, oil and gas, transportation, power generation, mining, chemical plants, pulp and paper, steel mills, glass manufacturing, and LNG are major consumers of tank level monitoring systems. Technologies like ultrasonic sensors, IoT-powered systems, and wireless sensor networks are key enablers for these solutions. Ultrasonic transmitters and radar transmitters are popular sensor types used for fluid level monitoring and static pressure sensing. The market is expected to continue growing with the advent of Industry 4.0 and the increasing adoption of wireless IoT solutions.

For more insights on driver and challenges – Request a sample report!

Segment Overview 

This tank level monitoring system market report extensively covers market segmentation by  

Application 1.1 Oil and gas1.2 Chemical industry1.3 Water and wastewater management1.4 Food and beverage1.5 OthersProduct 2.1 Non-invasive systems2.2 Invasive systemsGeography 3.1 North America3.2 Europe3.3 APAC3.4 South America3.5 Middle East and Africa

1.1 Oil and gas-  The Tank Level Monitoring System market is growing due to increasing demand for efficient and accurate inventory management in various industries. These systems help businesses monitor liquid levels in real-time, reducing overage and underage issues, and minimizing operational costs. Advanced technologies like IoT and wireless communication enable remote monitoring and timely alerts, enhancing overall productivity and profitability.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2017-2021) – Download a Sample Report

Research Analysis

The Tank Level Monitoring System market encompasses solutions that help industries, including Oil and Gas, Transportation, Power Generation, Mining, Chemical Plants, Pulp and Paper, Steel Mills, and Glass Manufacturing, manage and optimize their liquid storage facilities. These systems leverage technologies like Wireless Sensor Networks, Data Analytics, and Artificial Intelligence (AI) to provide real-time insights into tank levels, detect anomalies, and optimize inventory. In industries with stringent environmental regulations, such as Mining and Power Plants, these systems play a crucial role in ensuring compliance and minimizing losses. Tank Management Solutions offer features like remote monitoring, predictive maintenance, and integration with enterprise resource planning (ERP) systems to streamline operations and enhance efficiency.

Market Research Overview

The Tank Level Monitoring System market encompasses various industries including Manufacturing, Oil and gas, Transportation, Power generation, Mining, Chemical plants, Pulp and paper, Steel mills, Glass manufacturing, and Wireless IoT solutions. These systems play a crucial role in monitoring fluid levels in LNG, Petrochemical, and other applications using Ultrasonic transmitters and Radar transmitters. The integration of Wireless sensor networks, Data analytics, Artificial intelligence (AI), Tank management solutions, Anomaly detection, and Inventory optimization enhances efficiency and accuracy. Environmental regulations and Industrial automation drive the demand for advanced tank level monitoring systems in Industry 4.0. Ultrasonic Sensors, IoT-powered systems, and Fluid Level Monitoring are essential components of these systems, while Static Pressure Sensing ensures accurate level measurement.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ApplicationOil And GasChemical IndustryWater And Wastewater ManagementFood And BeverageOthersProductNon-invasive SystemsInvasive SystemsGeographyNorth AmericaEuropeAPACSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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Brightmoor Hospice, LLC Provides Notification of Data Security Incident

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GRIFFIN, Ga., Oct. 16, 2026 /PRNewswire/ — Brightmoor Hospice, LLC (“Brightmoor”) is providing notification of a data security incident that may have impacted certain protected health information.

On or around March 25, 2026, Brightmoor Hospice, LLC (“Brightmoor”) discovered suspicious activity related to two employees’ email accounts. Upon discovery, Brightmoor took immediate action to secure the accounts and engaged a team of third-party specialists to investigate. The investigation determined that two employee email accounts were accessed without authorization between March 24, 2026, and March 25, 2026. Upon confirmation of unauthorized access, Brightmoor began a comprehensive review of the contents of the affected accounts to determine whether they contained sensitive information pertaining to individuals. On August 18, 2026, Brightmoor determined that protected health information belonging to certain patients was present within the accounts. Brightmoor then conducted a time-intensive review of its internal records to locate address information for the potentially impacted individuals. On October 16, 2026, Brightmoor began notifying individuals by mail.

The types of information vary by individual and may include name and one or more of the following: addresses, Social Security numbers, driver’s license information, dates of birth, patients’ identification numbers, diagnosis, medical history information, medical record numbers, medical treatment information, lab information, treating doctor’s name, medication information, vaccination information, medical insurance information, and family and social history information.

In response to this incident, Brightmoor worked with third-party specialists to investigate and implement additional security measures within its network. Brightmoor has no evidence of actual or attempted misuse of information as a result of this incident. Nonetheless, in an abundance of caution, Brightmoor is providing notice to potentially affected individuals and offering complimentary credit monitoring services. Individuals are also encouraged to monitor their account statements and explanation of benefits forms for suspicious activity and to detect errors. In addition, Brightmoor has notified the U.S. Health and Human Services Office for Civil Rights of this incident. 

Brightmoor has established a toll-free call center to answer questions about the incident and to address related concerns. The number for the hotline is 1-800-759-8524. The hotline hours of operation are Monday through Friday from 8 AM to 8 PM EST, excluding holidays. You can also write to 3247 Newnan Rd, Griffin, GA 30223.

Brightmoor takes protecting the privacy and security of personal information seriously and is reviewing and implementing further security enhancements designed to strengthen the protection of our systems.

View original content:https://www.prnewswire.com/news-releases/brightmoor-hospice-llc-provides-notification-of-data-security-incident-302911735.html

SOURCE Brightmoor Hospice, LLC

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EVIDENT Expands Its Pramana Digital Pathology Portfolio to Support Small and Medium-Sized Labs

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The new Pramana™ POD benchtop WSI scanner delivers autonomous imaging to help laboratories create pathologist-ready whole slide images with minimal operator intervention.

NEEDHAM, Mass., Oct. 16, 2026 /PRNewswire/ — Today, Evident announced the Pramana™ POD whole slide imaging (WSI) scanner, a new benchtop system designed to help laboratories produce trusted images. Built for small and medium-sized laboratories and specialty applications within larger institutions, the scanner helps make digital pathology adoption more accessible.

As pathology laboratories expand digital workflows amid increasing case volumes and operational demands, they need scanning systems that produce consistent, high-quality images across specimen types while integrating into existing laboratory workflows. Evident designed the Pramana POD scanner to address those needs, extending proven Pramana autonomous WSI technology to smaller laboratories.

“Pramana WSI technology has received tremendous acceptance from pathology labs across academic medical centers and network labs across the United States,” said Prasanth Perugupalli, Vice President of Digital Pathology, Evident. “By incorporating quality assurance into the whole slide imaging process, Pramana technology can help labs of varying sizes reduce the need for post-scan QA and the associated costs and delays.”

The Pramana POD scanner automates imaging with an advanced tissue finder, extensive label detection, and automated focal plane and scan-profile selection. Built-in image-quality assessment helps deliver pathologist-ready whole slide images and identify scans that may require further review. Volumetric imaging captures multiple focal planes to support the selection of sharp focal information across the scanned area, with true 40X imaging at 25 slides per hour under defined conditions.

The Pramana series of autonomous WSI scanners is well-suited for most brightfield imaging applications, including histopathology, core biopsies, hematology, cytology, and microbiology.

“Scientific advances move quickly, but laboratory infrastructure changes slowly,” Perugupalli added. “With the Pramana POD scanner, small and medium-sized labs can build as their needs evolve.”

To learn more about the Pramana POD benchtop WSI scanner, visit evidentscientific.com/products/slide-scanners/pramana-pod.

About EVIDENT
For over 100 years as Olympus, we set the industry standard for optical precision in microscopy, helping the world see what was once out of view. Today, as Evident, we continue to help scientists, physicians, and engineers illuminate the unseen with advanced imaging solutions that combine renowned optics with cutting-edge digital innovation.

Our life science portfolio supports research, clinical diagnostics, and education, offering a comprehensive range of imaging methods from essential brightfield and darkfield microscopy to advanced fluorescence, 4D analysis, and digital pathology. In industrial microscopy, we deliver precision and flexibility through laser scanning, digital, and semiconductor microscopes designed for tasks ranging from routine inspection to intricate quality control and manufacturing analysis.

Whether advancing new therapies, ensuring product integrity, or exploring the unknown, Evident is defining a new era of discovery with easy-to-use tools that help unlock hidden answers and empower exciting new breakthroughs.

Evident is headquartered in Tokyo and supported by R&D and manufacturing centers in Japan, the United States, Germany, and China, with operations and dedicated sales and service centers around the world. For more information, visit EvidentScientific.com.

For Research Use Only. Not for use in diagnostic procedures. Future clinical availability is subject to applicable regulatory authorization, and regulatory status and availability may vary by country. Performance varies by specimen type and workflow.
Pramana is a trademark of Evident Corporation or its subsidiaries.

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SOURCE Evident

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PhotonPay Secures UK EMI Licence, Advancing Its Global Payment Operating System

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HONG KONG, Oct. 17, 2026 /PRNewswire/ — PhotonPay, a next-generation payment operating system, today announced that it has secured an Electronic Money Institution (EMI) licence from the UK Financial Conduct Authority (FCA).

The licence enables PhotonPay to issue electronic money and provide regulated payment services in the UK within the scope of its authorisation. It further strengthens PhotonPay’s local capabilities in the market and supports the company in delivering broader payment and treasury solutions for businesses operating globally.

The UK is one of the world’s leading financial and commercial hubs, and an important gateway for businesses operating across Europe and international markets. As companies expand into more countries and regions, their financial needs are evolving beyond individual cross-border transactions toward more integrated management of accounts, collections, payouts, foreign exchange, cards and treasury operations.

For PhotonPay, entering a market means more than making products and services available. It requires building a local financial foundation that meets regulatory requirements and can support businesses over the long term. The EMI licence further strengthens PhotonPay’s position in the UK and provides an important foundation for deeper connectivity with local banks, payment networks and the broader financial ecosystem.

JP, Global Head of Compliance at PhotonPay, said:

“Securing our UK EMI licence marks an important milestone in the continued expansion of PhotonPay’s global regulatory footprint. Building a global payment operating system requires strong local regulatory foundations. This authorisation strengthens our ability to build for the long term in the UK, while supporting our continued expansion across more markets, currencies and payment networks. Ultimately, it enables us to deliver a more complete and efficient payment and treasury experience for businesses operating globally.”

As businesses expand internationally, the financial infrastructure behind their operations remains highly fragmented. Different markets operate across distinct account structures, payment networks, currencies and regulatory frameworks, often requiring businesses to manage multiple financial institutions, payment providers and systems at the same time.

PhotonPay is building its next-generation payment operating system around this complexity. Through a unified technology platform, the company connects local financial capabilities across markets, enabling businesses to manage global accounts, collections, payouts, foreign exchange, cards and embedded finance more centrally while reducing the operational complexity created by multiple markets, currencies and systems.

Real commerce is the foundation of this operating system. By continuously expanding its regulatory coverage, banking relationships, payment networks and underlying technology infrastructure, PhotonPay aims to ensure that financial infrastructure can scale alongside a business as it enters new markets and grows internationally.

Since its founding, PhotonPay has continued to expand its global regulatory and local market capabilities through entities across major financial markets. Today, PhotonPay has secured nearly 30 payment licences and related regulatory authorisations worldwide, supporting capabilities across global accounts, collections, payouts, foreign exchange, cards and embedded finance.

The UK EMI licence represents another step in the continued development of PhotonPay’s global regulatory network. Looking ahead, PhotonPay will continue to deepen its local regulatory and financial capabilities in key markets, connect more markets, currencies and payment networks, and advance the development of its next-generation global payment operating system.

About PhotonPay

PhotonPay is a next-generation payment operating system designed for businesses operating globally. Across global accounts, collections, payouts, foreign exchange, cards and embedded finance, PhotonPay connects banks, payment networks and local financial infrastructure to help businesses manage global money movement more efficiently and expand into new markets with greater operational simplicity.

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/photonpay-secures-uk-emi-licence-advancing-its-global-payment-operating-system-302911540.html

SOURCE PhotonPay

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