Dublin, Feb. 11, 2022 (GLOBE NEWSWIRE) -- The "Fuel Management System Market Forecast to 2028 - COVID-19 Impact and Global Analysis" report has been added to ResearchAndMarkets.com's offering.
The global fuel management system market is expected to grow from US$ 1,084.64 million in 2021 to US$ 2,089.56 million by 2028; it is estimated to grow at a CAGR of 9.82% from 2021 to 2028.
In fuel management systems, introducing cutting-edge technologies, such as the Internet of Things (IoT) and artificial intelligence (AI), will enhance demand and develop possibilities. The continued research and development efforts are assisting in developing sophisticated fuel management systems that benefit end users. Artificial intelligence can aid in properly measuring and tracking fuel stocks through an automated tank monitoring system. As a result, the fuel management system market is expected to be driven by the effective use of AI solutions to control the supply-demand gap and ensure the lowest fuel prices and environmental impact across the globe during the forecast period.
Telematics systems can do a lot more than just track vehicle movement, and many of those features may help with fuel management. Besides tracking the movement of cars and projecting the consumption of fuels, firms benefit from various other aspects, such as viewing fuel efficiency statistics for individual drivers, individual cars, a specific portion of the fleet, or the entire fleet. This information may then be utilized to spot patterns and indicate areas where efficiency can be improved. Similarly, keeping track of gasoline purchases to verify that drivers are only buying what their cars require and aren't filling up during off-peak hours, buying more fuel than their tanks can hold, or filling up outside a pre-determined zone.
Furthermore, the COVID-19 outbreak has affected the overall growth rate of global fuel management system market in the year 2020 in a negative manner to some extent, due to decline in revenue and growth of companies operating in the market owing to supply and demand disruptions across the value chain. Thus, there was a decline in y-o-y growth rate during the year 2020. However, the sudden growth in vaccinations, COIVD-19 safety protocols, the restrictions are getting lifted which would positively impact the production capabilities of different industries, and thereby fuel management system also. This upward growth is expected to normalize the fuel management system market growth over the forecasted period.
A few key companies operating in the fuel management system market are Chevin Fleet Solutions; OPW Fuel Management Systems; Franklin Fueling Systems; Gilbarco Inc.; Piusi S.p.a.; Multiforce Systems Corporation; Navig8; Orpak Systems Ltd.; Banlaw; and Syntech Systems, Inc. The report also comprises secondary research work on other companies that hold a significant market share.
Reasons to Buy
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global fuel management system market
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the global fuel management system market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution
Key Topics Covered:
1. Introduction
2. Key Takeaways
3. Research Methodology
4. Fuel Management System Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America PEST Analysis
4.2.2 Europe - PEST Analysis
4.2.3 Asia Pacific PEST Analysis
4.2.4 Middle East & Africa PEST Analysis
4.2.5 South America PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. Fuel Management System Market - Key Market Dynamics
5.1 Key Market Drivers
5.1.1 Growing Demand for Monitoring and Controlling Fuel Consumption
5.1.2 Increasing Cases of Fuel Theft
5.2 Key Market Restraints
5.2.1 Concerns Regarding Lack of Skilled Laborers
5.3 Key Market Opportunities
5.3.1 Incorporation of AI
5.4 Future Trends
5.4.1 Real-Time Monitoring
5.5 Impact Analysis of Drivers and Restraints
6. Fuel Management System Market - Global Analysis
6.1 Fuel Management System Market Global Overview
6.2 Fuel Management System Market - Global Revenue and Forecast to 2028 (US$ Million)
6.3 Market Positioning - Five Key Players
7. Fuel Management System Market Analysis - By Component
7.1 Overview
7.2 Fuel Management System Market, By Component (2020 and 2028)
7.3 Hardware
7.3.1 Overview
7.3.2 Hardware: Fuel Management System Market - Revenue and Forecast to 2028 (US$ Million)
7.4 Software
7.4.1 Overview
7.4.2 Software: Fuel Management System Market - Revenue and Forecast to 2028 (US$ Million)
7.5 Controller
7.5.1 Overview
7.5.2 Controller: Fuel Management System Market - Revenue and Forecast to 2028 (US$ Million)
8. Fuel Management System Market - By Function
8.1 Overview
8.2 Fuel Management System Market, by Function (2020 and 2028)
8.3 Delivery
8.3.1 Overview
8.3.2 Delivery: Fuel Management System Market - Revenue and Forecast to 2028 (US$ Million)
8.4 Storage
8.4.1 Overview
8.4.2 Storage: Fuel Management System Market - Revenue and Forecast to 2028 (US$ Million)
9. Fuel Management System Market - By End- User
9.1 Overview
9.2 Fuel Management System Market, by End- User (2020 and 2028)
9.3 Mining
9.3.1 Overview
9.3.2 Mining: Fuel Management System Market - Revenue and Forecast to 2028 (US$ Million)
9.4 Construction and Ports
9.4.1 Overview
9.4.2 Construction and Ports: Fuel Management System Market - Revenue and Forecast to 2028 (US$ Million)
9.5 Transportation and Logistics
9.5.1 Overview
9.5.2 Transportation and Logistics: Fuel Management System Market - Revenue and Forecast to 2028 (US$ Million)
9.6 Oil and Gas
9.6.1 Overview
9.6.2 Oil and Gas: Fuel Management System Market - Revenue and Forecast to 2028 (US$ Million)
9.7 Others
9.7.1 Overview
9.7.2 Others: Fuel Management System Market - Revenue and Forecast to 2028 (US$ Million)
10. Fuel Management System Market - Geographic Analysis
11. Fuel Management System Market- COVID-19 Impact Analysis
11.1 North America
11.2 Europe
11.3 Asia Pacific
11.4 Middle East and Africa
11.5 South America
12. Fuel Management System Market-Industry Landscape
12.1 Overview
12.2 Market Initiative
13. Company Profiles
13.1 Chevin Fleet Solutions
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Franklin Fueling Systems
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Gilbarco Inc.
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Multiforce Systems Corporation
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Navig8
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Piusi S.p.A.
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 OPW Fuel Management Systems
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 Orpak Systems Ltd.
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 Banlaw
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
13.10 Syntech Systems, Inc.
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and Services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
13.10.6 Key Developments
14. Appendix
For more information about this report visit https://www.researchandmarkets.com/r/9asjpt
Attachment
