Global Fuel management system Market Research Report and Forecast to 2032 is an investigative report providing an extensive study of the global Fuel management system Market with regards to market size, market share, current and emerging trends, and latest technological developments. The report also sheds light on the competitive landscape of the Fuel management system Market on the global and regional scale, along with a thorough forecast estimation to 2032 .
The global fuel management system market size was USD 745.1 Million in 2021 and is expected to register a revenue CAGR of 8.8% over the forecast period, according to the latest analysis by Emergen Research. Increasing cost of fossil fuels due to geopolitical tensions and rapid adoption of strategies to improve vehicles’ fuel economy are factors driving revenue growth of the market. Since 2018, crude oil is almost at its highest price. The OPEC+ group of oil-producing nations reiterated in its most recent round of meetings that they would only raise the overall crude oil supply by 400,000 barrels per day. Increasing cost of fossil fuels due to geopolitical tension has further contributed to rise of crude oil costs, while current ongoing Russia-Ukraine war has spiked prices of crude oil globally. On 7 March 2022, prices rose to USD 140 per barrel, which is the highest in past 14 years. Fleet managers can successfully control fuel usage and expenditure through practice of fuel management, which is expected to increase demand for an effective fuel management system and hence drive market revenue growth. A fuel management system combines analytical software and telematics-based tools to gather data on fuel consumption and improves fuel economy. Fleet management can receive alerts on fuel levels in trucks and on-site tanks from fuel monitoring and anti-siphoning equipment,
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Covid 19 impact analysis:
The report gathers viable information on the most established industry players, sales and distribution channels, regional spectrum, estimated market share and size, and revenue estimations over the forecast timeframe. The study is inclusive of a profound analysis of this business sphere focuses on the overall remuneration of the market over the projected period. The study also includes significant information pertinent to the Fuel Management System industry, particularly the current COVID-19 scenario. Exhaustive coverage of the COVID-19 impact on the Fuel Management System industry is a major attraction of the report. The global health emergency has beleaguered the global economy, thereby disrupting this particular business domain’s functioning mechanism. It assesses the present market scenario and forecasts the pandemic’s aftermath in this business sector to help organizations boost their COVID-19 preparedness.
Major companies profiled in the market report include
Gilbarco Inc., Dover Fueling Solutions (part of Dover Corporation), Franklin Fueling Systems, Piusi S.p.A., Triscan Group Limited, HID Global Corporation (part of ASSA ABLOY.), Multiforce Systems Corporation, Banlaw., Fluid Management Technology, and Samsara Inc..
Research objectives:
The market intelligence report takes a closer view of the global market share, estimated growth rate, future market trends, entry-level barriers, fundamental market drivers, restraints, challenges, and opportunities. The report clearly defines the Fuel Management System market position on a global level. The detailed insights into the market’s geographical spectrum offered by the report make it an excellent source of knowledge about the Fuel Management System industry.
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Emergen Research has segmented the global fuel management system based on type, offering, application, industry, and region:
· Type Outlook (Revenue, USD Million, 2019–2030)
o Card-Based
o On-Site
· Offering Outlook (Revenue, USD Million, 2019–2030)
o Hardware
1. Automatic Tank Gauge Systems
2. Fuel Control Systems
3. Identification Devices
o Software
o Services
· Application Outlook (Revenue, USD Million, 2019–2030)
o Fuel Storage Monitoring
o Access Control & Fuel Dispensing
· Industry Outlook (Revenue, USD Million, 2019–2030)
o Military and Defense
o Transportation & Logistics
o Aircraft
o Oil & Gas
o Buildings
Regional Outlook:
· North America (U.S., Canada)
· Europe (U.K., Italy, Germany, France, Rest of EU)
· Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
· Latin America (Chile, Brazil, Argentina, Rest of Latin America)
· Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Key Objectives of the Global Fuel Management System Market Report:
· The global Fuel Management System market report offers viable insights into the competitive spectrum of the Fuel Management System business sphere.
· The report systematically profiles the company information of each market player.
· It identifies the estimated industry share, production facilities, development prospects, and geographies served by each market player.
· The study showcases the extensive product portfolios of the prominent market contenders.
· It offers critical data & information about the product application scope and the end-user landscape.
· The study provides salient information about the pricing models of the products offered by these companies. Moreover, it determines the gross profits and losses experienced by them throughout their market tenures
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About Emergen Research :
Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trend’s existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
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Emergen Research | Web: www.emergenresearch.com
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