Fuel Management System Market 2016 Trends, Research, Analysis and Review Forecast 2023

Fuel Management System Market - Global
Industry Analysis, Market Size, Share, Growth,
Trends and Forecast 2016 - 2023
Fuel Management System Market: Overview
The increasing demand for energy and increasing fuel prices has led us to think
about the need of monitoring and controlling our fuel consumption. These two
factors have together created a demand for the fuel management system market all
over the world. The fuel management system enables to control and monitor the
fuel consumption in transportation industry, including roads, railways, and water
and air transportation. These fuel management systems are designed to effectively
manage and measure consumption, thereby, allowing to control usage and save
extra money. These systems are basically used for the fleets of vehicles that may
even include railway vehicles and aircrafts. These systems, thus, provide us with an
effective measure to monitor our fuel consumption by generating data for the
purpose of optimizing fuel inventories, fuel dispense and fuel purchases. The fuel
management system tracks the amount of pumped fuel for the purpose of onsite
storage management.
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Fuel Management System Market: Segmentation
The fuel management system market can be segmented on the basis of technology,
generation and location of major fuel management systems around the world. On
the basis of technology, the fuel management systems can be classified into card
based fuel management systems, onsite fuel management systems, and the total
fuel management systems. Among these, the card based fuel management systems
monitor the fuel transaction based on driver’s unique pin and fueling credit card.
The onsite fuel management system tracks the fuel when it is pumped into the
vehicles and, thus, allows the monitoring of the fuel storage levels. The total fuel
management systems use the combination of the card based management systems
and the onsite fuel management systems to monitor and optimize the fuel
consumption levels.
Based on the generations, the fuel management systems have been classified in to
five generations. The first generation fuel management systems were the oldest

systems, based on the manual recording methods, for identifying the fuel
consumption. The second generation fuel management was equipped with the
microprocessor to manage the fuel usage. The third generation systems were
similar to the second generation systems, except in the way that they were
permanently or periodically connected to the personal computer. The fourth
generation fuel management systems were connected to an internet based server
for real time data management. The fifth generation fuel management systems are
the most advanced class of fuel management systems that have the capability to
perform the intelligent supervisory functions and automatic report generation.
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Fuel Management System Market: Region-wise Outlook
The regional segmentation of the fuel management system market can be done by
identifying the major oil consuming nations, where the possibility and requirement
of fuel management is present. The major countries include the United States and
Canada in the North America; Russia, France, Germany, the United Kingdom and
Italy in the Europe; China, Japan, India, Australia and South Korea in the Asia Pacific;
South Africa, Iran, Iraq and Brazil in the Rest of World.
The increase in the fuel prices, reduction in the wastage of oil and gas, need for
inventory management, increasing number of fuel stations and vehicles are the
major drivers to the fuel management system market. However, the additional cost
involved with the installation of fuel management systems is the major restraint to
the market. The increasing awareness among users about the benefits of fuel
management systems, especially, in the major oil consuming nations in the Asia
Pacific region, can act as an opportunity to the fuel management systems market.
The major players in the fuel management system market are: Omnitracs, LLC, E-
Drive Technology, The Veeder-Root Company and ESI Total Fuel Management.
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