openPR Logo
Press release

Fuel Management Systems (FMS) Market to Discern Magnified Growth During 2016 - 2025

11-20-2017 10:50 AM CET | Energy & Environment

Press release from: Transparency Market Research - Energy & Mining

Fuel Management Systems (FMS) Market to Discern Magnified

A report by Transparency Market Research finds that the market will expand at a tepid pace in the years to come. The report forecasts the market to register a lackluster 4.3% CAGR during the period between 2017 and 2025 to become worth US$9.95 bn by 2025 from US$6.85 bn in 2016.

View Report Preview @ https://www.transparencymarketresearch.com/fuel-management-system-market.html

Depending upon application, the global fuel management systems market can be segmented into fuel consumption, efficiency level, fleet management, viscosity control, etc. Depending upon geography, again, the global fuel management systems market (FMS) can be divided into North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa.

Asia Pacific currently leads the market on the back of soaring energy consumption in nations of South Korea, India, Indonesia, and China which are seeing rapid industrialization and urbanization. This has led to the proliferation of trucks, railway locomotives, and buses, which in turn has driven up demand in the market. Railways are least polluting mode of transport and it is one of the biggest reasons for growth in this sector and technological advancements like the advanced fuel management systems for locomotives.

Need for Effective Usage of Fuel Drives Market

At the forefront of driving growth in the global fuel management systems market is the urgency to check fuel pilferage and bring transparency in fuel consumption. This is because fuel accounts for most of the operating cost in transportation. “Higher or fluctuating prices of fuel oil and stringent regulations pertaining to environment have necessitated efficient management of fuel. Thus, monitoring, controlling, and reporting of fuel consumption is of key importance along with the management of fleet in order to control the total operating cost of a vessel,” explains the lead analyst of the TMR report.

Request to View Sample of Research Report @ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=12308

Railways and waterways are relatively inexpensive modes for transport of goods, cargo, and passenger. Operational cost is about 45% less as compared to roadways and about 70% less than air transportation. By waterways, a large bulk can be transported in one go. Demand for merchant vessels is thus high for movement and transportation of goods, cargo, and oil and gas. All these coupled with the increasing regional, national, and international trades is fuelling the global fuel management systems (FMS) market.

Emergence of Technologically Advanced Solutions Drive Demand

A noticeable trend in the market is the push towards online fuel management and emergence of technologically advanced solutions that have benefitted demand. “Digitalization is expected to be a big driver of change in the commercial vehicle fleet market. Telematics systems in commercial vehicles will become standard in the global markets. IT and software solutions will closely integrate transporters into the systems of the industry value chain. Connected devices allow dynamic route optimization and ensure better capacity utilization. Systems for monitoring an individual’s driving style and wear on components save fuel, protect materials, and increases transportation fleet’s useful life,” adds the lead analyst of the report.

Some of the prominent participants in the global fuel management systems (FMS) market are Omnitracs, LLC, E-Drive Technology, The Veeder-Root Company, ESI Total Fuel Management, SCI Distribution, LLC, Fluid Management Technology Pty Ltd., SmartFlow Technologies, Emerson, Guduza System Technologies, Fleetmatics Group PLC, Telenav, Inc., TomTom International BV, and Trimble Inc.

Buy Fuel Management Systems (FMS) Market Research Report @ https://www.transparencymarketresearch.com/checkout.php?rep_id=12308<ype=S

About Us
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

Contact
Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: www.transparencymarketresearch.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Fuel Management Systems (FMS) Market to Discern Magnified Growth During 2016 - 2025 here

News-ID: 823971 • Views: 196

More Releases from Transparency Market Research - Energy & Mining

Wastewater Treatment Services Market – Notable Developments and Geographical O …
Albany, NY - Wastewater Treatment Services Market- Overview Large amount of wastewater is produced from households and industries that can be successfully treated for reuse and also for discharging it into the environment. Many regions in the world are going through water crisis. Wastewater treatment services can provide significant solutions to handle this situation. Rapid urbanization brought by industrialization and unprecedented population rise are inducing high demand for clean drinking
Key Drivers of Europe Distribution Transformer Market
Albany, NY - Europe Distribution Transformer Market­­­: Introduction The distribution transformer market in Europe was valued at US$ 3.5 Bn in 2019 and is anticipated to expand at a CAGR of 6.5% during the forecast period. Based on insulation, the liquid segment held dominant share of the distribution transformer market in Europe in 2019. In terms of insulation type, the replacement segment accounted for a larger share of the distribution transformer market in Europe in 2019. Power failures have been rising due to
Customized Peptide Generation Market Drivers, Restraints and Notable Development …
Albany, NY - Global Customized Peptide Generation Market: Overview Mechanical developments, expanding research exercises in the field of engineered science, developing weight of malignancy and irresistible illnesses, and expanding ventures and subsidizing for protein-based inquire about are the central point driving the customized peptide generation market development. Peptide usage in the pharmaceutical business has experienced an enormous change lately because of mechanical improvements. Prior, peptide generation was completed with the assistance of common sources,
Hybrid And Full Electric Marine Propulsion Market To Hit US$7,516.7 Mn By 2026
Albany, NY - The global hybrid and full electric marine propulsion market bears a fairly fragmented vendor landscape, says Transparency Market Research (TMR) in a recently published report. This is solely because of the existence of large, medium, and small scale players in the market. BAE Systems, Wartsilla Corporation, AB Volvo Penta, Niigata Power Systems, and Fairbanks Morse Engine are the leading companies in the global hybrid and full electric marine propulsion

All 5 Releases


More Releases for FMS

Freelancer Management Software (FMS) Market Insights, Growth Forecast to 2025
The Global Freelancer Management Software (FMS) Market report is one of the most comprehensive and important data about business strategies, qualitative and quantitative analysis of the Global Market. Global Freelancer Management Software (FMS) Market research report offers extensive research and analysis of key aspects of the global Global Freelancer Management Software (FMS) market. The report on Global Freelancer Management Software (FMS) Market covers big geographical, as well as sub-regions throughout
Inflatable Pillow Market Impressive Growth| Marchway, Tcare, WeYingLe, RikkiTikk …
DataBridge Market Research has published the latest report titled "Global Inflatable Pillow Market. Inflatable Pillow Market report provides global coverage from 2013 to 2018. The report starts with the overview of Inflatable Pillow industry, chain structure, and further, it describes current industry situation, analyzes global Inflatable Pillow market share/volume and forecast up to 2026. The report studies world's major regions and also provides industry key player's profiles/analysis, regional coverage insights,
Flight Management Systems (FMS) Industry (Market) Global 2018-2023
In the Global Flight Management Systems (FMS) Industry Market Analysis & Forecast 2018-2023, the revenue is valued at USD XX million in 2017 and is expected to reach USD XX million by the end of 2023, growing at a CAGR of XX% between 2018 and 2023. The production is estimated at XX million in 2017 and is forecasted to reach XX million by the end of 2023, growing at a
Global Fuel Management Systems (FMS) Market 2017 Sales and Demand
Qyresearchreports include new market research report Global Fuel Management Systems (FMS) Market Size, Status and Forecast 2022 to its huge collection of research reports. The newly added research study on the global market for Fuel Management Systems (FMS) slices and dices it in every possible way to unravel key facts about it. The report presents the various factors serving to drive or restrain the market and other crucial trends shaping its
Fuel Management Systems (FMS) Market Operations, Price and Gross Margin 2022
Qyresearchreports include new market research report Fuel Management Systems (FMS) to its huge collection of research reports. The in-depth study of the global Fuel Management Systems (FMS) market can be done with sources such as the internet or web. However, it is extremely difficult to pick important data and leave out the rest of the information that may not be important, because the internet is full of information and humungous amount
Fuel Management Systems (FMS) Market expected Healthy Growth by 2022
Fuel accounts for most of the operating costs involved in transportation sector. An effective fuel management system helps to overcome challenges such as fluctuating prices of oil, and overcoming the stringent policies related to environment impacts from fuel consumption. The system helps to monitor, control and report the actual fuel consumption. Measuring FMS are responsible to measure the amount of fuel present in the tank, whereas the controlling FMS work