Los Angeles, CA -- (SBWire) -- 10/10/2018 --Fuel management systems are used to maintain, control and monitor fuel consumption and stock in any type of industry that uses transport, including rail, road, water and air, as a means of business. They are critical in industries where extensive amounts of fuel is used by multiple team members, such as in mining, civil construction and municipalities.
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.
The Fuel Management System market was valued at 11500 Million US$ in 2017 and is projected to reach 19900 Million US$ by 2025, at a CAGR of 7.1% during the forecast period. In this study, 2017 has been considered as the base year and 2018 to 2025 as the forecast period to estimate the market size for Fuel Management System.
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This report includes the following manufacturers; we can also add the other companies as you want.
OPW Fuel Management Systems
The Triscan Group
Piusi
Franklin Fueling Systems
Timeplan
Guduza System Technologies
Banlaw
Wayne Fueling Systems LLC
Market Segment by Product Type
Card-based
On-site
Market Segment by Application
Mobile Fueling Systems
Transport Fleet
Others
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Fuel Management System Market Predicted to Reach 19900 Mn US$ by 2025, at a CAGR of 7.1%
This study focuses on the production side and consumption side of Fuel Management System, presents the global Fuel Management System market size by manufacturers, regions, type and application, history breakdown data from 2013 to 2018, and forecast to 2025.