Global Fuel Management System Market Analysis & Forecast to 2023, With an Expected CAGR of 6.52% - ResearchAndMarkets.com
Aug. 07, 2018
DUBLIN--(BUSINESS WIRE)--Aug 7, 2018--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.
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.
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.
Companies MentionedGilbarco Veeder-Root Dover Franklin Fueling Systems Piusi Triscan Group Hid Global Multiforce Systems Road Track Banlaw Fluid Management Technology Timeplan Fuel Solutions Sentinel Fuel Products Guduza System Technologies Esi Total Fuel Management Assetworks Smartflow Technologies World Fuel Services Technotrade Romteck Newlea Fuel Systems
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Dynamics
6 Fuel Management System Market, By Offering
7 Fuel Management System Market, By Application
8 Fuel Management System Market, By Industry
9 Geographic Analysis
10 Competitive Landscape
11 Company Profiles
For more information about this report visit https://www.researchandmarkets.com/research/rb7cm4/global_fuel?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20180807005466/en/
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Related Topics:Automotive and Transport,Logistics
INDUSTRY KEYWORD: TRANSPORT LOGISTICS/SUPPLY CHAIN MANAGEMENT AUTOMOTIVE OTHER AUTOMOTIVE
SOURCE: Research and Markets
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PUB: 08/07/2018 08:38 AM/DISC: 08/07/2018 08:38 AM