Fuel Management System Market Quadruples Massively By 2023; Asserts MRFR

Fuel Management System Global Market – Overview

The global fuel management system market is expected to witness a gradual development during the forecast period. The growing demand for energy across the globe is highly driven due to the increasing global population. Fuel Management System are primarily used to control, monitor and maintain the fuel consumption and store in large number of industries which utilizes transport, including air, rail, road and water, as a means of commerce trade. Fuel management systems are basically designed to manage the proper utilization of fuel and are also used to effectively measure the fuel consumption in the construction and transport industries. Fuel management systems compromises the most comprehensive solution in the global market for knowing exactly how much fuel is stored, consumed and real-time tracking of the fleet vehicle.  Fuel management system provides from complete fuel accountability to total reconciliation and protection against fuel theft. As per the study conducted by Market Research Future, the global market for fuel management system is likely to grow at the CAGR of around 4%.

The fuel management systems are segmented on the basis of type by, card-based, on-site and total fuel management. The onsite fuel management systems track down the fuel when it is dispensed 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 systems and the onsite fuel management systems to monitor and optimize the overall fuel consumption. The card based fuel management systems monitor the fuel transaction based on the driver’s unique pin and fuelling credit card. Currently, the fuel management systems are in the growth stage. This is due to the increase in fuel prices, reduction in the wastage of oil & gas with proper increase in inventory storage, also increasing number of fuel stations and global growth in automobile sector. However, the additional cost and complexity involved with the installation of fuel management systems will hinder the fuel management market growth rate.

Geographically, the global fuel management system market has been divided into North America, Europe, Asia Pacific and Rest of the World. The substantial growth in the overall global energy consumption and volatility in global fuel prices has driven the monitoring and controlling of fuel consumption for cost-effective operation and increase the efficiency of the fuel system. These factors have certainly created a great potential for fuel management system market all around the world. North-America region is the leading market for fuel management systems market and is followed by Europe. The overall growth in transport infrastructure and increase in fuel consumption in the countries such as U.S and Canada, where, major transporting of goods and equipment are depended on transport system with effective and efficient fuel consumption, so as to reduce the transport charge and curb down inflation rates, is driving the market for fuel management systems.

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Key Players:

OPW Fuel Management Systems (U.S), The Triscan Group (U.K), Piusi S.p.a. (Italy), Franklin Fueling Systems (U.S), Timeplan Fuel Solutions (U.K), Guduza System Technologies (South Africa), Banlaw (Australia), Wayne Fueling Systems LLC (U.S), Sokolis Group (U.S) and Orpak Systems Ltd. (Israel). are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the global fuel management system market.

Industry News

In September, 2017 – Wayne Fueling Systems (“WFS”), part of Dover Fueling Solutions (“DFS”), and a global provider of fuel dispensing, payment, automation, and control technologies for retail and commercial fuel stations, announced that there are now more than 40,000 Wayne Fusion site automation server units installed at customer retail locations globally.

In December, 2016 – Fleet administrators are increasingly relying on advanced fuel management software and technology to measure inventory, manage expenses and monitor usage more carefully. In this Public Works magazine article, OPW  showcased how card lock systems enable fleet managers to account for every drop of fuel, from the time it’s loaded into the storage tank to the time it’s pumped into an authorized vehicle.

In June, 2016 – Franklin Fueling Systems, the global leader in Total System Solutions for retail petroleum equipment systems, has announced the launch of FFS PRO: University. This new full-feature platform will serve as the industry’s premier training, certification, and resource tool for installation professionals.

In May, 2015 – As part of its commitment to providing the highest standards of service and support to its customers, Triscan Systems invested in a new fleet of Ford Transit L3H2 EcoCentric vans for its field based installation team.

Fuel Management System Global Market – Segmentation

The scope of global Fuel Management System market is segmented into two major segments which are explained below:

By Type

• Card-Based


• On-Site


• Total Fuel Management

By Application

• Mobile Fuelling Systems


• Transport Fleet


• Others

Fuel Management System Global Market - Competitive Analysis

The global market for Fuel Management System is currently in a development stage. To maintain the market position and to drive the market growth, all the major player are highly involved in acquiring new project development across the world, so as to showcase their product diversity and market dominance. Market leaders are innovating continuously and increasingly seeking market expansion through various strategic mergers and acquisitions, product development, innovation, increasing investments in research and development and cost-effective product portfolio.