The World of “Fuel Management System” is Changing Fast Amid the COVID-19 Crisis. Find Out How You Can Keep Up
The global market for Fuel Management System is projected to reach US$686 million by 2025, driven by stringent and punitive environmental regulations designed to restrict activity and behavior resulting in natural resource wastages and environmental pollution.
Global Industry Analysts, Inc. (GIA) launches comprehensive analysis of industry segments, market trends, growth drivers, market share, size and demand forecasts on the global Fuel Management System market. Report segmentation includes Application (Access Control & Fuel Dispensing, Fuel Storage Monitoring); Offering (Hardware, Software, Services); Vertical (Transportation & Logistics, Mining & Construction, Oil & Gas, Military & Defense, Other Verticals) ).
10 June 9:05 A.M., California/Marketwire/ - According to the new market research report, the global market for Fuel Management System is projected to reach US$686 million by 2025, driven by stringent and punitive environmental regulations designed to restrict activity and behavior resulting in natural resource wastages and environmental pollution. Under such a scenario, fuel management is emerging as a critical part of energy efficiency management required to ensure compliance to regulations.
A game changer trend in the market is the growing use of carbon tax and carbon pricing as key low carbon strategies adopted to curb global climate change. A growing number of countries worldwide are legislating and implementation carbon taxes across myriad industries to ensure reduced carbon footprint and sustainability. Carbon taxes are defined as price payable per ton of CO2 emitted by industries and companies. The system works by discouraging excessive CO2 emissions by businesses, as increased emissions attracts increased carbon taxes which increases operating costs, reduces operating efficiencies and results in lower profits. Carbon tax indirectly provides a strong impetus to the adoption of new energy efficient technologies and energy management solutions, as companies seek ways to eliminate or reduce payment of carbon taxes. Improving energy management strategies is also an equally important growth driver in the market. Other major trends influencing growth in the market include hardware and software innovations in fuel management systems; volatility in fuel prices and impact on profit margins for companies where fuel is a major operating cost; development of web based fuel management system and launch of Internet of Things (IoT)-based solutions; rising popularity of cloud-based software solutions; strong growth in logistics and transport industry.
Key Competitors Covered in the Report
Dover Fueling Solutions
ESI Total Fuel Management
Fluid Management Technology Pty Ltd.
Franklin Fueling Systems
Guduza System Technologies (Pty) Ltd.
HID Global Corporation
Multiforce Systems Corporation
Newlea Fuel Systems Ltd.
Sentinel Fuel Products Ltd.
TECHNOTRADE International, Inc.
Timeplan Fuel Solutions Ltd.
World Fuel Services Corporation
Geographies Analyzed in the Report
Europe (France, Germany, Italy, United Kingdom, and Rest of Europe)
Rest of World
This latest edition of the research study is conducted and published by Global Industry Analysts, Inc., in close collaboration with senior executives in the industry driving strategy, business development, marketing, sales, product management, technology and operations. All analysis and findings published in the report are based on validated engagements from a total executive pool size of 5617. Among this pool, 899 direct interactions with domain experts were carried out via our proprietary market research platform, MarketGlass. Among the 169 unique participations, a total of 76 validated responses were received as part of this report's primary research outreach program. We are unique in the industry to provide our clients with the validated list executive engagements and the complete project data stack.
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) (www.strategyr.com) is the world's only influencer driven AI powered market research company. Serving more than 41,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for 33 years, offering the widest coverage of topics, geographic markets, competitive brands, and companies profiled.
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