Fuel Management System 2018 Market Size, Share, Growth and Top Key Player Growth Analysis 2023 Forecast Report

Market Higlights:-
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. As per the study conducted by Market Research Future, the global market for fuel management system is likely to grow at the CAGR of around 4%.

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Top Arc Flash Protection Market 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) and Orpak Systems Ltd. (Israel).

Industry News:-
In September, 2017 – Wayne Fueling Systems (“WFS”), part of Dover Fueling Solutions (“DFS”), and a global provider of fuel dispensing, payment, automation, and control technologies for retail and commercial fuel stations, announced that there are now more than 40,000 Wayne Fusion site automation server units installed at customer retail locations globally.

In December, 2016 – Fleet administrators are increasingly relying on advanced fuel management software and technology to measure inventory, manage expenses and monitor usage more carefully. In this Public Works magazine article, OPW showcased how card lock systems enable fleet managers to account for every drop of fuel, from the time it’s loaded into the storage tank to the time it’s pumped into an authorized vehicle.

In June, 2016 – Franklin Fueling Systems, the global leader in Total System Solutions for retail petroleum equipment systems, has announced the launch of FFS PRO: University. This new full-feature platform will serve as the industry’s premier training, certification, and resource tool for installation professionals.

In May, 2015 – As part of its commitment to providing the highest standards of service and support to its customers, Triscan Systems invested in a new fleet of Ford Transit L3H2 EcoCentric vans for its field based installation team.

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Fuel Management System Global Market – Segmentation
The scope of global Fuel Management System market is segmented into two major segments which are explained below:
By Type
• Card-Based
• On-Site
• Total Fuel Management

By Application
• Mobile Fuelling Systems
• Transport Fleet
• Others

Global Fuel Management System Market Analysis:-
The substantial growth in the overall global energy consumption and volatility in global fuel prices has driven the monitoring and controlling of fuel consumption for cost-effective operation and increase the efficiency of the fuel system. These factors have certainly created a great potential for fuel management system market all around the world. North-America region is the leading market for fuel management systems market and is followed by Europe. The overall growth in transport infrastructure and increase in fuel consumption in the countries such as U.S and Canada, where, major transporting of goods and equipment are depended on transport system with effective and efficient fuel consumption, so as to reduce the transport charge and curb down inflation rates, is driving the market for fuel management systems.

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