Fuel Management System Market - Industry Analysis, Size, Share, Trends and Forec

Posted by Jitendra Magar on December 21st, 2017

Market Highlights

Fuel Management System are primarily used to control, monitor and maintain the fuel consumption and store in large number of industries which utilizes transport, including air, rail, road and water, as a means of commerce trade. Fuel management systems are basically designed to manage the proper utilization of fuel and are also used to effectively measure the fuel consumption in the construction and transport industries. Fuel management systems compromises the most comprehensive solution in the global market for knowing exactly how much fuel is stored, consumed and real-time tracking of the fleet vehicle.  Fuel management system provides from complete fuel accountability to total reconciliation and protection against fuel theft. Currently, the Fuel Management System market is in the growth stage. This is due to the increase in fuel prices, reduction in the wastage of oil & gas with proper increase in inventory storage, also increasing number of fuel stations and global growth in automobile sector. However, the additional cost and complexity involved with the installation of fuel management systems will hinder the fuel management market growth rate.

Currently, the Fuel Management System market is in the growth stage. This is due to the increase in fuel prices, reduction in the wastage of oil & gas with proper increase in inventory storage, also increasing number of fuel stations and global growth in automobile sector. However, the additional cost and complexity involved with the installation of fuel management systems will hinder the fuel management market growth rate. Global Fuel Management System Market is expected to grow with the CAGR of more than 4% from 2017 to 2023

Taste the market data and market information presented through more than 50 market data tables and figures spread in 110 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “Fuel Management System Market Research Report- Forecast To 2023”

Key Players

The key players of global fuel management system market are

•          OPW Fuel Management Systems (U.S),
•          The Triscan Group (U.K),
•          Piusi S.p.a. (Italy),
•          Franklin Fueling Systems (U.S),
•          Timeplan Fuel Solutions (U.K),
•          Guduza System Technologies (South Africa),
•          Banlaw (Australia),
•          Wayne Fueling Systems LLC (U.S),
•          Sokolis Group (U.S)
•          Orpak Systems Ltd. (Israel).

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Scope of the Report

This study provides an overview of the global fuel management system market, tracking two market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global fuel management system market by its type, by application, by regions.

By Type

•   Card-Based
•   On-Site
•   Total Fuel Management

By Application

•   Mobile Fueling Systems
•   Transport Fleet
•   Others

By Regions

•   North America 
•   Asia Pacific 
•   Europe

Rest of the World