A recent report published by Infinium Global Research on fuel management system market provides in-depth analysis of segments and sub-segments in global as well as regional fuel management system market. The study also highlights the impact of drivers, restraints and macro indicators on the global and regional fuel management system market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global fuel management system market. According to the report the global fuel management system market is projected to grow at a CAGR of 6.3% over the forecast period of 2018-2024.

Market Insight

Fuel management system is the combination of both hardware and software equipment’s used to monitor and control the delivery and consumption of fuel. The fuel management systems enable accuracy, accountability, security or productivity of fluid assets. The fuel management systems are typically used in the transportation and construction industries.

The fuel management system offers various benefits including maintain, control and monitor fuel consumption and stock in any type of industry that drives the growth of fuel management system worldwide.  In addition, the transportation infrastructure is growing all over the globe that creates massive demand for fuel. The rapidly rising automotive and transportation industries are anticipated to escalate the growth or fuel system market. However, the fuel management system required high initial investments that may restrain the growth of fuel management system market. Moreover, rising adoption of fuel management system across the emerging market and ongoing technological advancement in the fuel management system products are projected to create several opportunities in the fuel management system market in upcoming years.

Geographically, North America dominates the global fuel management system market. The U.S. accounts for the largest market share in the fuel management system. Presence of strict regulations and standards for environmental protection in the North America region drives the growth of fuel management system market. Furthermore, Asia-Pacific is the fastest growing region in the fuel management system market and expected to overtake North America region in term of revenues. The high number of automotive vehicles leads to the high consumption of fuel across Asia Pacific region creates a massive demand for the fuel management system market.

Segment Covered

The report on global fuel management system market covers segments such as offering, application, and end-users. On the basis of offering the global fuel management system market is categorized into hardware, software, and services. On the basis of application the global fuel management system market is categorized into fuel consumption, efficiency level, viscosity control, and fleet management. On the basis of end users the global fuel management system market is categorized into rail transportation, road transportation, and aircraft.

Geographic Coverage

The countries covered in the North America region includes the U.S., Canada, and Mexico; while Asia-Pacific includes China, Japan, India, South Korea, Malaysia, and among others. Moreover, Germany, U.K., France, Spain, and Rest of Europe are included in the European region. The U.S. drives the growth in the North America region as it is the largest market in the region. The Asia-pacific region offers substantial potential for the market growth owing to rapid growth in markets such as India and China. The APAC region is projected to experience growth at a CAGR of x.x% over the period of 2018-2024.

Companies Profiled:

The report provides profiles of the companies in the global fuel management system market such as OPW Fuel Management Systems, Omnitracs, LLC, SmartFlow Technologies, Emerson, Fluid Management Technology Pvt Ltd., SCI Distribution, Franklin Fueling Systems, Dover, Triscan Group and Gilbarco Veeder-Root.

Report Highlights:

The report provides deep insights on demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the global fuel management system market. Moreover, IGR-Growth Matrix analysis given in the report brings insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of fuel management system market. Moreover, the study highlights current market trends and provides forecast from 2018-2024. We also have highlighted future trends in the fuel management system market that will impact the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings insight into the market share of the leading players. This report will help manufacturers, suppliers, and distributors of the fuel management system market to understand the present and future trends in this market and formulate their strategies accordingly.