Fuel Management System Market 2016 Share, Trend and Forecast Fuel Management System Market - Global Industry An | Page 2

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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