At 8.8% CAGR, Fuel Management System Market Size to Surpass USD 1,583.9 Million by 2030 | Emergen Research

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At 8.8% CAGR, Fuel Management System Market Size to Surpass USD 1,583.9 Million by 2030 | Emergen Research

August 01
19:22 2022
At 8.8% CAGR, Fuel Management System Market Size to Surpass USD 1,583.9 Million by 2030 | Emergen Research
Fuel Management System Market | Emergen Research
Increasing cost of fossil fuels due to geopolitical tensions and rapid adoption of strategies to improve vehicle’s fuel economy are driving global fuel management system revenue growth

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.

This comprehensive analysis of the fastest-growing Fuel Management System market provides insights that will help stakeholders identify both opportunities and challenges. The 2022 market could see another significant year for Fuel Management System. This report provides insights into the company’s activities and financial status (company profiles are needed if you are looking to raise capital or win investors), recent developments (Mergers and Acquisitions), and the most up-to-date SWOT analysis. This report focuses on the Fuel Management System market during the 2030 evaluation period. This report also includes a Fuel Management System market growth analysis that incorporates Porter’s five-factor analysis as well as supply chain analysis.

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Some Key Highlights from the Report

  • On 13 June 2019, Triscan Group Limited acquired Liquid Management Solutions Ltd. A wide variety of fuel monitoring and management solutions, including wireless driven Automatic Vehicle Recognition (AVR) fuel management technology, are offered by Liquid Management Solutions Ltd. This acquisition will improve the expertise of the company in mining and aggregates industries.
  • The card-based segment revenue is expected to register a rapid growth rate over the forecast period due to increasing reliance on plastic cards with an RFID chip or magnetic strip for convenience. In addition, fuel cards connected with fuel management software automatically log fuel information for fleet manager to view in real-time or in predetermined reports.
  • The software segment accounted for a larger market share in 2021. The software component gathers this real-time data from onboard sensors of cars, which subsequently offers meaningful data about fleet’s fuel delivery, storage, and consumption.

 This report helps both major players and new entrants to analyze the market in-depth. This will help the leading players decide on their business strategy and set goals. This report provides critical market information, including Fuel Management System market size, growth rates and forecasts in key regions and countries, as well as growth opportunities in niche markets.

Some major companies 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.

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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)
    • Card-Based
    • On-Site
  • Offering Outlook (Revenue, USD Million, 2019–2030)
    • Hardware
      1. Automatic Tank Gauge Systems
      2. Fuel Control Systems
      3. Identification Devices
    • Software
    • Services
  • Application Outlook (Revenue, USD Million, 2019–2030)
    • Fuel Storage Monitoring
    • Access Control & Fuel Dispensing
  • Industry Outlook (Revenue, USD Million, 2019–2030)
    • Military and Defense
    • Transportation & Logistics
    • Aircraft
    • Oil & Gas
    • Buildings

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Report Coverage:

The report provides a detailed analysis of current market conditions and development in the coming years. Also, the recent trends and advancements in the industry are highlighted further in this report. Furthermore, drivers and restraints affecting the market growth during the forecast period are mentioned further in this report, along with the impact of COVID-19 pandemic on the global market expansion. A list of leading market players and the regional insights on segmented market areas are given.  

These are the questions that the research document will answer:

  • How is the Fuel Management System market along with regions like North America, Europe, Asia-Pacific, South America and the Middle East and Africa are growing?
  • What cutting-edge technologies are responsible for driving market growth?
  • What are the major applications of Fuel Management System market? What growth prospects are there for the market applications?
  • What stage are the key products on the Fuel Management System market?
  • What are the challenges that the Global (North America and Europe and Asia-Pacific and South America) must overcome to be commercially viable? Are their growth and commercialization dependent on cost declines or technological/application breakthroughs?
  • What are the prospects for the Fuel Management System Market?
  • What is the difference between performance characteristics of Fuel Management System and established entities?

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These are the reasons to invest in this report

1. Fuel Management System market provides an analysis of the changing competitive environment.

2. Analytical data and strategic planning methods are involved to help businesses make informed decisions.

3. 10-year assessment for Fuel Management System Market.

4. It allows you to understand the key product segments.

5. It provides a regional analysis of the Fuel Management System Market as well as business profiles for several stakeholders.

6. It provides massive data on trending factors that can influence the development of the Fuel Management System Market.

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Thank you for reading our report. Customization of the report is available according to the requirements of clients. In case of further queries about the report, do get in touch with us. Our team will make sure your report is tailored according to your needs.

About Us:

Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyse consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. 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 trends 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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