Dublin, Feb. 14, 2019 (GLOBE NEWSWIRE) -- The "Fuel Management System Market by Offering (Hardware, Software, and Services), Application (Fuel Storage Monitoring, and Access Control & Fuel Dispensing), Industry (Transportation & Logistics, and Oil & Gas), and Geography - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.

The fuel management system market is expected to grow at a CAGR of 6.52% between 2018 and 2023, to reach USD 707.4 million by 2023 from USD 515.9 million in 2018.

High demand for fuel management systems for use in access control and fuel dispensing applications is one of the major factors fueling the growth of this market. However, high initial investments involved in the procurement and installation of fuel management systems are posing challenges for market players.

Fuel management system market for transportation and logistics industry to witness significant growth during forecast period

The fuel management system market for the transportation and logistics industry is expected to witness significant growth during the forecast period. Companies operating in this industry need considerable volumes of fuel every day to carry out their operations. As fuel is an expensive resource, efficient management of fuel becomes a critical task for maintaining companies' profitability. Fuel management systems play an important role in obtaining fuel-related data, which can be easily accessed by users for fuel accounting. These systems help plant or site managers reduce misuse or loss of fuel. Also, by using fuel management systems, companies can restrict unauthorized access to fuel.

Fuel management system market in APAC to witness significant growth during forecast period

Among all regions, the fuel management system market in APAC is expected to grow at the highest CAGR during the forecast period. China, Japan, Australia, and India are some of the major contributors to the growth of the market in APAC. High demand for fuel management systems from the transportation and logistics, and Mining and construction industries in these countries is fueling the growth of the market in this region.

In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews have been conducted with key officials in the fuel management system market.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights
4.1 Attractive Growth Opportunities in Fuel Management System Market
4.2 Fuel Management System Market, By Application
4.3 Market in North America, By Country and Industry
4.4 Market, By Offering
4.5 Fuel Management System Market, By Country (2018)

5 Market Dynamics
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Reduction in Loss of Fuel
5.2.1.2 Improvement in Efficiency and Productivity
5.2.1.3 Reduction in Chances of Fueling Errors
5.2.2 Opportunities
5.2.2.1 Launch of Technologically Advanced Products
5.2.2.2 Growth Opportunities in Emerging Countries in APAC
5.2.3 Challenges
5.2.3.1 High Initial Investments
5.2.3.2 Interoperability With Existing Systems and Software
5.3 Value Chain Analysis

6 Fuel Management System Market, By Offering
6.1 Introduction
6.2 Hardware
6.2.1 Automatic Tank Gauge Systems
6.2.2 Fuel Control Systems
6.2.3 Identification Devices
6.2.3.1 Tags
6.2.3.2 Keys
6.2.3.3 Other Identification Devices
6.3 Software
6.4 Services

7 Fuel Management System Market, By Application
7.1 Introduction
7.2 Fuel Storage Monitoring
7.3 Access Control and Fuel Dispensing

8 Fuel Management System Market, By Industry
8.1 Introduction
8.2 Mining and Construction
8.3 Military & Defense
8.4 Oil & Gas
8.5 Transportation and Logistics
8.6 Others

9 Geographic Analysis
9.1 Introduction
9.2 North America
9.2.1 US
9.2.2 Canada
9.2.3 Mexico
9.3 Europe
9.3.1 Germany
9.3.2 Russia
9.3.3 UK
9.3.4 France
9.3.5 Italy
9.3.6 Rest of Europe
9.4 Asia Pacific
9.4.1 China
9.4.2 Japan
9.4.3 India
9.4.4 Australia
9.4.5 Rest of APAC
9.5 Rest of the World
9.5.1 South America
9.5.2 Middle East and Africa

10 Competitive Landscape
10.1 Overview
10.2 Market Ranking Analysis
10.3 Competitive Situations and Trends
10.3.1 Product Launches
10.3.2 Agreements and Contracts
10.3.3 Expansions and Acquisitions

11 Company Profiles

11.1 Key Players
11.1.1 Gilbarco Veeder-Root
11.1.2 Dover
11.1.3 Franklin Fueling Systems
11.1.4 Piusi
11.1.5 Triscan Group
11.1.6 Hid Global
11.1.7 Multiforce Systems
11.1.8 Road Track
11.1.9 Banlaw
11.1.10 Fluid Management Technology
11.2 Other Companies
11.2.1 Timeplan Fuel Solutions
11.2.2 Sentinel Fuel Products
11.2.3 Guduza System Technologies
11.2.4 Esi Total Fuel Management
11.2.5 Assetworks
11.2.6 Smartflow Technologies
11.2.7 World Fuel Services
11.2.8 Technotrade
11.2.9 Romteck
11.2.10 Newlea Fuel Systems

For more information about this report visit https://www.researchandmarkets.com/research/p37qlq/global_fuel?w=12

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Related Topics: Automotive and Transport, Logistics

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