What is Fuel Management System?
The fuel management system is a combination of hardware and software products that are used to control, monitor, and maintain consumption of fuel and stock in any industry that uses transport via rail, road, water, and air, for the purpose of business. This system together enables security, control, and access of fuel stores meanwhile monitoring delivery and consumption. It is typically being used by vehicles including railways and aircraft which require fuel for consumption.
The market study is broken down, by Application (Fuel Storage Monitoring and Access Control and Fuel Dispensing) and major geographies with country level break-up. According to AMA, the Global Fuel Management System market is expected to see growth rate of 11.2%
Research Analyst at AMA estimates that Players from United States will contribute to the maximum growth of Global Fuel Management System market throughout the predicted period.
Gilbarco Veeder-Root (United States), Dover (United States), Franklin Fueling Systems (United States), PIUSI (Italy), Triscan Group (United Kingdom), HID Global (United States), Multiforce Systems (United States), Road Track (Mexico), Banlaw (Australia) and Fluid Management Technology (Australia) are some of the key players that are part of study coverage.
AdvanceMarketAnalytics has segmented the market of Global Fuel Management System market by Type, Application and Region.
On the basis of geography, the market of Fuel Management System has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2019. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement. If we see Market by Industry Vertical, the sub-segment i.e. Mining and Construction will boost the Fuel Management System market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Offerings, the sub-segment i.e. Hardware will boost the Fuel Management System market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Leaders and their expansionary development strategies
12th June 2019, Dover Fueling Solutions, a part of Dover that delivers advanced fuel dispensing equipment, electronic systems and payment, fleet systems, automatic tank gauging, and wet stock management, is pleased to announce the launch of the new Tokheim Quantium™ 510M fuel dispenser series.
- Increasing Demand Reduction in Chances of Fueling Errors
- Upsurging adoption due to Fuel Storage Monitoring
- High Demand due to Reduction in Loss of Fuel
- Improvement in Efficiency and Productivity
- Growing Demand due to Launch of Technologically Advanced Products
- High ADoption from Emerging Countries in APAC
- Interoperability With Existing Systems and Software
Key Target AudienceGovernment Regulatory Bodies, Government Research Organization, Private Research Organization and Others
About ApproachDuring this study the evaluation and validation of the market size is done through various sources including primary and secondary analysis. AMA Research & Media follows industrial and regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.
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