The Global Fuel Management System Market is estimated to reach USD 856.4 Million by 2027 at a CAGR of 6.4%, observes forencis research (FSR).
A fuel management system is mainly used to monitor, control, and maintaining the fuel consumption in various end-use industries such as transportation, logistics, construction, mining, oil & gas, and aerospace & defense. The fuel management system is a combination of hardware and software products that enables security controls of fuel stores while detecting the consumption and delivery of fuel. The fuel management system is mainly utilized in tank leak detection, tank inventory level information, sensor configuration, and sump leak detection.
Market Drivers:
Oil prices are continuously climbing higher and higher due to natural disasters, supply and demand impact, and various production impacts. The Organization of Petroleum Exporting Countries (OPEC), is the main influencer of fluctuations in fuel prices. However, managers of the industries use the fuel management system to control, monitor and maintaining the fuel consumption to reduce fuel costs and increase the efficiency of the system. Hence, increasing fuel prices are expected to drive the market during the forecast period.
Market Restraints:
Hydrogen fuel cell vehicle and battery-powered electric vehicles offer a cleaner alternative to internal combustion engines and both use electric motors. conventional vehicles burn fuel in an internal combustion engine where battery-powered electric vehicles use stored energy in batteries to power one or more electric motors. According to IEA, Around 45% of electric cars on the road in 2018. Hence, the market for the conventional market is expected to decrease during the forecast period which directly impacts on fuel management system market. With this, the growing electric vehicles market is expected to restrain the market during the forecast period.
The report on the fuel management system market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.
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Report Features |
Specifics |
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Historical/Estimated/Forecasted Market Size Years |
2018-2027 |
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Base Year for Market Calculation |
2019 |
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Forecasted Period |
2020-2027 (2020 Estimated Year, Forecasted up to 2027) |
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Measured Units |
Value (USD Million) |
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Segments Included |
Type, Component, End User Industry, and Region |
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Regional Coverage |
North America, Asia-Pacific, Europe, Middle East and Africa, and South Africa |
For the scope of report, In-depth segmentation is offered by Forencis Research
FUEL MANAGEMENT SYSTEM Market, by Type
FUEL MANAGEMENT SYSTEM Market, by Component
FUEL MANAGEMENT SYSTEM Market, by End User Industry
FUEL MANAGEMENT SYSTEM Market, by Region
1 INTRODUCTION
1.1 Research Objectives
1.2 Market Definition
1.3 Research Scope
1.4 Regional Coverage
1.5 Research Timeline
1.6 Assumptions
1.7 Limitations
2 RESEARCH DESIGN & SCOPE
2.1 Introduction
2.2 Primary Research
2.2.1 Key Industry Expert Insight
2.3 Secondary Research
2.3.1 Vital Data from Secondary Sources
2.4 Market Size Estimation
2.5 Data Validation & Triangulation
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Introduction
4.2 Drivers
4.2.1. Increasing Growth in Automobile Sector
4.2.2. Increasing Fuel Prices
4.3 Restraint
4.3.1. High Initial Investment
4.3.2. Growing Electric Vehicles (EV) Market
4.4 Opportunities
4.4.1. Increasing Growth Opportunities in Asia-Pacific
4.5 Challenges
4.5.1. Operating with Existing Software and Fuel Management System
5 INDUSTRY TRENDS – PORTERS FIVE FORCES ANALYSIS
5.1 Introduction
5.1.1. Power of Buyers
5.1.2. Power of Suppliers
5.1.3. Intensity of Competition
5.1.4. Challenges of Substitutes
5.1.5. Challenges of New Entrants
5.2 Macro-Economic Indicators
6 GLOBAL FUEL MANAGEMENT SYSTEM MARKET BY TYPE, Market Size in USD Million (2019—2027)
6.1 Introduction
6.2 Card-Based
6.3 On-Site
7 GLOBAL FUEL MANAGEMENT SYSTEM MARKET BY COMPONENT, Market Size in USD Million (2019—2027)
7.1 Introduction
7.2 Hardware
7.2.1 Fuel Pump
7.2.2 Fuel Filter
7.2.3 Fuel Pressure Regulator
7.2.4 Fuel Injector
7.2.5 Sensors
7.2.6 Others
7.3 Software
7.4 Services
8 GLOBAL FUEL MANAGEMENT SYSTEM MARKET BY END USE INDUSTRY, Market Size in USD Million and Units (2019—2027)
8.1 Introduction
8.2 Transportation & Logistics
8.3 Aerospace & Defense
8.4 Construction & Mining
8.5 Oil & Gas
8.6 Others
9 GLOBAL FUEL MANAGEMENT SYSTEM MARKET BY REGION, Market Size in USD Million (2019—2027)
9.1 North America
9.1.1 US
9.1.2 Canada
9.1.3 Mexico
9.2 Europe
9.2.1 Germany
9.2.2 France
9.2.3 Italy
9.2.4 UK
9.2.5 Russia
9.2.6 Rest of Europe
9.3 Asia-Pacific
9.3.1 China
9.3.2 India
9.3.3 Japan
9.3.4 South Korea
9.3.5 Taiwan
9.3.6 Rest of Asia-Pacific
9.4 Middle East and Africa
9.4.1 Saudi Arabia
9.4.2 UAE
9.4.3 Rest of Middle East and Africa
9.5 South America
9.5.1 Brazil
9.5.2 Argentina
9.5.3 Rest of South America
10 COMPETITIVE LANDSCAPE
10.1 Introduction
10.2 Market Ranking/Share Analysis of Key Companies
10.3 Company Benchmarking
11 COMPANY PROFILES
11.1 Triscan Group Limited
11.1.1 Company Overview
11.1.2 Financial Overview
11.1.3 Products/Solutions/Services Offered
11.1.4 Key Developments
11.1.5 SWOT Analysis
11.2 Banlaw
11.3 Emerson Electric Co
11.4 Atlas Oil
11.5 Gilbarco Veeder-Root
11.6 Piusi S.p.A
11.7 HID Global Corporation/ASSA ABLOY AB
11.8 Franklin Fueling Systems
11.9 sokolisgroup.com
11.10 Dover
11.11 Other Key Companies
12 APPENDIX
12.1 Key Industry Expert Insights
12.2 Primary Discussion Guide
12.3 Customization Options
Note1: Tentative table of contents, may get updated during the course of research.
Note2: Company financial information is subject to availability in public domain