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.

Research_and_Markets_Logo

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

About ResearchAndMarkets.com

ResearchAndMarkets.com is the world’s leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

Media Contact:

Research and Markets

Laura Wood, Senior Manager

[email protected]

For E.S.T Office Hours Call +1-917-300-0470

For U.S./CAN Toll Free Call +1-800-526-8630

For GMT Office Hours Call +353-1-416-8900

U.S. Fax: 646-607-1907

Fax (outside U.S.): +353-1-481-1716

Logo: https://mma.prnewswire.com/media/539438/Research_and_Markets_Logo.jpg

 

Cision View original content:https://www.prnewswire.com/news-releases/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-301855076.html

SOURCE Research and Markets

Featured image: Depositphotos © Pictograph

Disclaimer