Fuel Management System Market Overview
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 management of fuel consumption is
acquiring increased prominence as companies and organizations are becoming
increasingly responsible with fuel resources.
The Fuel
Management System Market Share is at its nascent stage currently and is
expected to gain quick mileage in the foreseeable future owing to increasing
fuel prices, depleting resources, increasing fuel stations, etc. Furthermore,
the inclination towards minimum fuel wastage is likely to influence the
expansion of the market positively in the years to come. 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.
Market
Segmentation:
By type, the global Fuel Monitoring System Market has
been segmented into card-based, on-site and total fuel management.
By application, the fuel management system market has
been segmented into mobile fueling systems, transport fleet, and others.
Regional
Analysis:
By region, the global fuel management system market
has been segmented into North America, Europe, Asia Pacific, and the Rest of
the World (RoW). North America is expected to hold the leading position in the
global marketplace and retain its prominence across the forecast period.
Europe is anticipated to trail the North America
market in terms of market size and revenue generation.
Competitive
Dashboard:
Some of the major players of the fuel management
system market profiled in this MRFR report The Triscan Group (U.K), Piusi
S.p.a. (Italy), are OPW Fuel Management Systems (U.S), Franklin Fueling Systems
(U.S), Guduza System Technologies (South Africa), Timeplan Fuel Solutions
(U.K), Banlaw (Australia), Sokolis Group (U.S), Wayne Fueling Systems LLC
(U.S), and Orpak Systems Ltd. (Israel).
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