Fuel Management Systems Global Market is Projected to Reach $892.7 Million by 2030: Growing Popularity of Energy Audits in the Transportation Industry Magnifies the Importance of Fuel Management

DUBLIN, June 20, 2023 /PRNewswire/ -- The "Fuel Management Systems: Global Strategic Business Report" report has been added to  ResearchAndMarkets.com's offering.

The global market for Fuel Management Systems estimated at US$587.3 Million in the year 2022, is projected to reach a revised size of US$892.7 Million by 2030, growing at a CAGR of 5.4% over the analysis period 2022-2030.

Hardware, one of the segments analyzed in the report, is projected to record a 4.8% CAGR and reach US$373.3 Million by the end of the analysis period.

Taking into account the ongoing post pandemic recovery, growth in the Software segment is readjusted to a revised 6.1% CAGR for the next 8-year period.

The U.S. Market is Estimated at $236 Million, While China is Forecast to Grow at 7.6% CAGR

The Fuel Management Systems market in the U.S. is estimated at US$236 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$152.8 Million by the year 2030 trailing a CAGR of 7.6% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.5% and 4.8% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 3.7% CAGR.

Select Competitors (Total 64 Featured) -

• Assetworks
• Banlaw
• Dover Fueling Solutions
• ESI Total Fuel Management
• Fluid Management Technology Pty Ltd.
• Franklin Fueling Systems
• Gilbarco Veeder-Root
• Guduza System Technologies (Pty) Ltd.
• HID Global Corporation
• Multiforce Systems Corporation
• Newlea Fuel Systems Ltd.
• Piusi S.p.a
• Road Track
• Romteck Australia
• Sentinel Fuel Products Ltd.
• SmartFlow Technologies
• TECHNOTRADE International, Inc.
• Timeplan Fuel Solutions Ltd.
• Triscan Group
• World Fuel Services Corporation

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

• Influencer Market Insights
• Fuel Management Systems: An Introduction
• Market Prospects and Outlook
• Developed Economies Lead Global FMS Market, Developing Regions to Drive Future Growth
• Hardware in Fuel Management Systems
• Physical ID Tokens for Identification of Vehicles and Equipment for Fueling
• Fuel Management Systems - Global Key Competitors Percentage Market Share in 2022 (E)
• Fuel Management System Competitor Market Share Scenario Worldwide (in %): 2019
• Fuel Management System Competitor Market Share Scenario Worldwide (in %): 2019 & 2025
• Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
• Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

• Depleting World Oil Reserves & Focus on Environment Protection Step Up the Emphasis on Fuel Management as a Critical Part of Energy Efficiency Management
• Growing Popularity of Energy Audits in the Transportation Industry Magnifies the Importance of Fuel Management: Global Investments in Energy Efficiency (In US$ Billion) for the Years 2016 and 2018 by Industry
• Crude Oil Proved Reserves in Billion Barrels by Geographic Region for the Years 2015 through 2018
• Although Debatable if Carbon Tax is the Silver Bullet for Climate Change, it is Nevertheless a Watershed Event for the Fuel Management Systems Market
• For Companies with Transport Fleets, Now is the Time to Face the Carbon Taxes Reality With Fuel Management Systems: Price of Carbon Emission in US$ per Metric Ton of CO2-Equivalent by Select Countries: 2019
• Projected Increases in Carbon Prices Will Increase the Emission Burden in a Broad Range of Industries: Percentage Share of Carbon Dioxide Emissions Worldwide by Price: 2019
• As Global Emissions Escalate, the Rising Sense of Urgency Will Give Carbon Taxes a Larger Role to Play in Climate Change Goals: Global Fossil Fuel Emissions in Gigatonnes of CO2 Equivalent for the Years 1990, 2010, 2019 and 2022
• Volatility in Fuel Prices Drives Demand for Fuel Management Systems
• Spot Crude Oil Prices ($/barrel) in Select Countries for the Years 2015 through 2018
• Average Annual OPEC Crude Oil Price (in $/barrel) for the Years 2010 through 2019
• Technologically Advanced Solutions Fuel Growth
• Cloud-Based Solutions Gain Demand for Fuel Management of Fleets
• Growth in Transport Infrastructure Auger Well for Market Growth
• Global Infrastructure Spending Estimates (as a Percentage of GDP) by Sector for 2007-2016 and 2017-2040
• Percentage Breakdown Global Greenhouse Gas Emissions from Transportation by Segment: 2018
• Fuel Management Systems Gain Traction as Commercial Fleets Shift Focus on Operational Efficiencies
• Commercial Cars & Trucks in Service in Thousands in the US for the Years 2016, 2017 & 2018
• Rise in Number of Fuel Stations to Boost Demand for Fuel Management Systems
• Growing Use of Biofuel Poses New Challenges

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/mqr1x8

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