The management of fuel consumption is
acquiring increased prominence as companies and organizations are becoming
increasingly responsible with fuel resources. Market reports connected to the
energy and power industry have been made available by Market Research Future
which creates reports on other industry verticals that outlines the current
market scenarios. The market is projected to increase at a 4% CAGR in the
forecast period.
The need for proper management of fuel and
are also used to efficiently measure the fuel consumption in the transport and
construction industries is the key factor driving the market for fuel
management systems. The benefits of complete fuel accountability and protection
against fuel theft are fortifying the overall market. The upsurge in fuel
prices globally is expected to accelerate market growth in the forecast period.
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Segmental
Analysis
The market segmentation of fuel management
system is carried out on the basis of type, application, and region.
The segmentation of the fuel management
system market on the basis of type, comprises of on-site, card-based, and total
fuel management.
On the basis of application, the market is
segmented into transport fleet, mobile fueling systems, and others.
The regions covered in this market are
North America, Europe, Asia Pacific and rest of the world.
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Detailed
Regional Analysis
The regional analysis of the fuel
management system market comprises of regions such as North America, Europe,
Asia Pacific and rest of the world. The North American region is the foremost
market for fuel management systems market and is followed by the European
region. The growth in transport infrastructure and the upsurge in fuel
consumption in the countries such as Canada and U.S are the major drivers of
the market in the region. Major transporting of goods and equipment that are
dependent on the transport system that is efficient and effective fuel
consumption, and can reduce the transport charge and control inflation rates,
is motivating the market for fuel management systems.
Competitive
Landscape
The crucial competitors in the fuel
management system market are The Triscan Group (U.K), Franklin Fueling Systems
(U.S), Sokolis Group (U.S) Guduza System Technologies (South Africa), Timeplan
Fuel Solutions (U.K), Banlaw (Australia), Piusi S.p.a. (Italy), Wayne Fueling
Systems LLC (U.S), OPW Fuel Management Systems (U.S), and Orpak Systems Ltd.
(Israel).
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