Fuel Management System Market 2016 Share, Trend and Forecast Fuel Management System Market - Global Industry An

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