Fuel Management System Market Research Report- Forecast To 2030

Fuel Management System Market Information Report by Type (Card-Based, On-Site and Total Fuel Management), by Application (Mobile Fueling Systems, Transport Fleet and Others) and by Regions - Global Forecast to 2030

ID: MRFR/E&P/2985-HCR | November 2022 | Region: Global | 188 Pages         

Fuel Management System Market

Fuel Management System Market is expected to be valued at USD 750 Million, with a CAGR of 8.90% Forecast by 2030

Segmentation

By Type Card-Based On-Site Total Fuel Management
By Application Mobile Fueling Systems Transport Fleet and Others

Key Players

  • OPW Fuel Management Systems (U.S)
  • The Triscan Group (U.K)
  • Piusi S.p.a. (Italy)
  • Franklin Fueling Systems (U.S)
  • Timeplan Fuel Solutions (U.K)
  • Guduza System Technologies (South Africa)
  • Banlaw (Australia)
  • Wayne Fueling Systems LLC (U.S)

Drivers

  • Increase in fuel prices
  • Reduction in the wastage of oil & gas with proper increase in inventory storage
  • Increasing number of fuel stations and global growth in automobile sector
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The fuel management system market will reach a CAGR of 8.9% in the forecast period and a good market valuation in the forecast period between 2022 to 2030.


Fuel Management System Market Scenario


The fuel management systems efficiently manage the fuel by monitoring and maintaining the fuel consumption. The rise in the number of industry verticals utilizing transport for commerce trading purposes is driving the market. These systems can manage the proper utilization of fuel and further take effective measures for controlling fuel consumption in the sectors like construction and transport industries. It brings a comprehensive solution to the global market for knowing the fuel storage, consumption, and real-time tracking of vehicles. The fuel management system market offers fuel accountability and protection against fuel theft. These factors are driving the market at the global level.


The rising growth factors such as higher energy consumption and unstable global fuel prices are driving the market. The demand for the control and proper monitoring of fuel consumption with cost-effective solutions is accelerating the fuel management systems market. These systems have effectively managed the efficiency of fuel. These factors show great potential for the fuel management system market development. The North American region is the leading fuel management systems market, which Europe then follows. The market's overall growth is due to the increased fuel consumption rate in countries like the U.S and Canada, for transporting goods and equipment is propelling the fuel management systems demand.


Currently, the global market is in the growth stage. This is due to the increase in fuel prices, reduction in the wastage of oil & gas with proper increase in inventory storage, also increasing number of fuel stations and global growth in automobile sector. However, the additional cost and complexity involved with the installation of fuel management systems will hinder the fuel management market growth rate.


Fuel Management System Market Key Players


The key players of global market are OPW Fuel Management Systems (U.S), The Triscan Group (U.K), Piusi S.p.a. (Italy), Franklin Fueling Systems (U.S), Timeplan Fuel Solutions (U.K), Guduza System Technologies (South Africa), Banlaw (Australia), Wayne Fueling Systems LLC (U.S), Sokolis Group (U.S) and Orpak Systems Ltd. (Israel).


Recent Developments


April 2022



  • fuel is a fuel management system with solutions that monitors fuel level in the fleet and sends alerts when fuel is missing. This allows the information to be viewed by real-time access on the mobile app and web platform with detailed reports.


April 2022



  • UniGuard, a specialist in GPS Tracking System supplier, the company has announced its newly designed and professional GPS fuel monitoring system.


Fuel Management System Market Segmentation


 


Global Fuel Management System Market


The substantial growth in the overall global energy consumption and volatility in global fuel prices has driven the monitoring and controlling of fuel consumption for cost-effective operation and increase the efficiency of the fuel system. These factors have certainly created a great potential for fuel management system market all around the world. North-America region is the leading market for fuel management systems market and is followed by Europe. The overall growth in transport infrastructure and increase in fuel consumption in the countries such as U.S and Canada, where, major transporting of goods and equipment are depended on transport system with effective and efficient fuel consumption, so as to reduce the transport charge and curb down inflation rates, is driving the market for fuel management systems.


Fuel Management System are primarily used to control, monitor and maintain the fuel consumption and store in large number of industries which utilizes transport, including air, rail, road and water, as a means of commerce trade. Fuel management systems are basically designed to manage the proper utilization of fuel and are also used to effectively measure the fuel consumption in the construction and transport industries. Fuel management systems compromises the most comprehensive solution in the global market for knowing exactly how much fuel is stored, consumed and real-time tracking of the fleet vehicle.  Fuel management system provides from complete fuel accountability to total reconciliation and protection against fuel theft.



Report Scope:

Report Attribute/Metric Details
  Market Size   2030: Significant Value
  CAGR   8.9% CAGR (2022-2030)
  Base Year   2021
  Forecast Period   2022-2030
  Historical Data   2019 & 2020
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Type and Application
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   OPW Fuel Management Systems (U.S), The Triscan Group (U.K), Piusi S.p.a. (Italy), Franklin Fueling Systems (U.S), Timeplan Fuel Solutions (U.K), Guduza System Technologies (South Africa), Banlaw (Australia), Wayne Fueling Systems LLC (U.S), Sokolis Group (U.S) and Orpak Systems Ltd. (Israel)
  Key Market Opportunities   Additional cost and complexity involved with the installation
  Key Market Drivers

  • Increase in fuel prices
  • Reduction in the wastage of oil & gas with proper increase in inventory storage
  • Increasing number of fuel stations and global growth in automobile sector


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    Frequently Asked Questions (FAQ) :

    The segments of the market are type, Card-Based, On-Site and Total Fuel Management.

    The CAGR of the market is calculated to be more than 8.9%.

    The Triscan Group (U.K), Piusi S.p.a. (Italy), OPW Fuel Management Systems (U.S), Timeplan Fuel Solutions (U.K), Guduza System Technologies (South Africa), Franklin Fueling Systems (U.S), are the key companies leading the market.

    The leading growth in the overall global energy consumption and volatility has driven the monitoring and controlling of fuel consumption for cost-effective operation and increase the efficiency of the fuel system.

    The additional cost and complexity with the installation of fuel management systems is hindering the fuel management market growth rate.