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Fuel Management System Market - Global Industry Analysis, Market Size, Share, Growth, Trends and Forecast 2016 - 2023

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Fuel Management System Market: Overview

The increasing demand for energy and increasing fuel prices has led us to think about the need of monitoring and controlling our fuel consumption. These two factors have together created a demand for the fuel management system market all over the world. The fuel management system enables to control and monitor the fuel consumption in transportation industry, including roads, railways, and water and air transportation. These fuel management systems are designed to effectively manage and measure consumption, thereby, allowing to control usage and save extra money. These systems are basically used for the fleets of vehicles that may even include railway vehicles and aircrafts. These systems, thus, provide us with an effective measure to monitor our fuel consumption by generating data for the purpose of optimizing fuel inventories, fuel dispense and fuel purchases. The fuel management system tracks the amount of pumped fuel for the purpose of onsite storage management.

Fuel Management System Market: Segmentation

The fuel management system market can be segmented on the basis of technology, generation and location of major fuel management systems around the world. On the basis of technology, the fuel management systems can be classified into card based fuel management systems, onsite fuel management systems, and the total fuel management systems. Among these, the card based fuel management systems monitor the fuel transaction based on driver’s unique pin and fueling credit card.

The onsite fuel management system tracks the fuel when it is pumped into the vehicles and, thus, allows the monitoring of the fuel storage levels. The total fuel management systems use the combination of the card based management systems and the onsite fuel management systems to monitor and optimize the fuel consumption levels.

Based on the generations, the fuel management systems have been classified in to five generations. The first generation fuel management systems were the oldest systems, based on the manual recording methods, for identifying the fuel consumption. The second generation fuel management was equipped with the microprocessor to manage the fuel usage. The third generation systems were similar to the second generation systems, except in the way that they were permanently or periodically connected to the personal computer. The fourth generation fuel management systems were connected to an internet based server for real time data management. The fifth generation fuel management systems are the most advanced class of fuel management systems that have the capability to perform the intelligent supervisory functions and automatic report generation.

Fuel Management System Market: Region-wise Outlook

The regional segmentation of the fuel management system market can be done by identifying the major oil consuming nations, where the possibility and requirement of fuel management is present. The major countries include the United States and Canada in the North America; Russia, France, Germany, the United Kingdom and Italy in the Europe; China, Japan, India, Australia and South Korea in the Asia Pacific; South Africa, Iran, Iraq and Brazil in the Rest of World.

The increase in the fuel prices, reduction in the wastage of oil and gas, need for inventory management, increasing number of fuel stations and vehicles are the major drivers to the fuel management system market. However, the additional cost involved with the installation of fuel management systems is the major restraint to the market. The increasing awareness among users about the benefits of fuel management systems, especially, in the major oil consuming nations in the Asia Pacific region, can act as an opportunity to the fuel management systems market.

The major players in the fuel management system market are: Omnitracs, LLC, E-Drive Technology, The Veeder-Root Company and ESI Total Fuel Management.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, Luxembourg)
  • Eastern Europe (Poland, Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market

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