Global Fuel Management Systems (FMS) Market Prospects, Driving Trends and Forecast Assessment 2016 – 2025

Market Research HUB

Albany, New York, October 25, 2017: Fuel accounts for most of the operating cost in transportation. In recent years, higher prices/fluctuating prices of fuel oil and strict environmental norms have led to the need for efficient management of fuel.  At present, there are many factors serving to drive the global fuel management systems market. To provide a detailed analysis of the market structure, analysts have prepared a study titled “Fuel Management Systems (FMS) Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 – 2025” which has been now published to the online repository of Market Research Hub (MRH). The report provides a close look at the growth trajectory of the global VVT start-stop system market, with close attention paid to factors such as the geographical segmentation of the market and the market’s leading contributors.

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An effective fuel management system (FMS) helps to tackle challenges posed by higher or fluctuating prices of oil used as fuel and also difficulties cropping from stringent regulations pertaining to environment by effective management of fuel. It does so by monitoring, controlling, and reporting fuel consumption. This unique perceived benefit has driven up the demand for fuel management system (FMS). Savvy operators are turning to a fuel management system to boost efficiency and cut fuel-related costs.

This report on global fuel management systems market deeply analyzes the market on the basis of process, application, end-user and geography. The geographical segmentation of the market analyzes the market size and its futuristic prospects for some prime regions including Latin America, Asia Pacific, North America, Europe, Middle East & Africa. Research projects the global market for to register a moderate 4.3% CAGR during the period 2017 to 2025. At this pace, the market is expected to become worth US$9.95 bn by 2025 from US$6.85 bn in 2016. A noticeable trend in the market is the push towards online fuel management and emergence of technologically advanced solutions that have benefitted demand for fuel management systems.

Depending upon application, the global fuel management systems market can be segmented into fuel consumption, efficiency level, fleet management, viscosity control etc. On the other hand, process involved in the fuel management include monitoring, reporting, measuring. End-users are railway, road, marine, and aircraft. In terms of geographical view, Asia Pacific currently dominates the global fuel management systems (FMS) market with maximum share.

Further, the study includes drivers and restraints for the fuel management system market along with their impact on demand during the forecast period. Nowadays, urgency to check fuel pilferage and bring transparency in fuel consumption are prime factors bolstering market growth. The report further adds that stringent regulations and mandates levied on the shipping industry for curbing operation cost and emission control have led to more technological developments in building efficient fuel management systems to control the overall costs.

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Later, the report covers detailed competitive outlook that includes market share and profiles of key players operating in the global market.Key major players operating in the Fuel Management Systems (FMS) market include Omnitracs, LLC, Fluid Management Technology Pty Ltd., E-Drive Technology, The Veeder-Root Company, Fleetmatics Group PLC, ESI Total Fuel Management, Telenav, Inc., SCI Distribution, LLC, SmartFlow Technologies, Emerson, Guduza System Technologies, TomTom International BV and Trimble Inc.

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