Press release
Fuel Management System Market Global Professional Survey and In-depth Analysis Research Report Forecast to 2023
Market HighlightsFuel 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.
Global Fuel Management System Market is predicted to grow at more than 4% by 2023
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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).
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.
North-America region is expected to grow at the fastest rate
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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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
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Contact:
Akash Anand,
Market Research Future
Office No. 528, Amanora Chambers
Magarpatta Road, Hadapsar,
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Maharashtra, India
+1 646 845 9312
Email: akash.anand@marketresearchfuture.com
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