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Global Fuel Management Systems (FMS) Market to become worth US$9.95 bn by 2025
The different types of processing deployed in the market are measuring, monitoring, and controlling, among others, 6/14/2018 - An insightful study, titled “Fuel Management Systems (FMS) Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 – 2025” has been freshly broadcasted to the vast research repository of Market Research Reports Search Engine (MRRSE). This 233 page research study provides detailed comprehensions and forecasts future growth of the global market with an in-depth study of the factors impacting revenue growth throughout the mentioned forecast period. Further, a deep analysis on the major players from diverse regions is also present in the report.

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There are many factors serving to drive the global fuel management systems market. The need to check fuel pilferage and bring transparency in fuel consumption are some of them. This is because fuel accounts for most of the operating cost in transportation.

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).

A report by Market Research Reports Search Engine projects the global market for to register a lackluster 4.3% CAGR during the period between 2017 and 2025 to become worth US$9.95 bn by 2025 from US$6.85 bn in 2016.

Depending upon end-use, the market can be divided into railway, road, marine, and aircraft. Of them, the segment of marine transportation accounts for most of the demand in the market. Railways are least polluting mode of transport and it is one of the biggest reasons for growth in this sector. Besides, emergence of technologically advanced fuel management systems for locomotives is also providing a boost to the market.

The different types of processing deployed in the market are measuring, monitoring, and controlling, among others. Measuring, for example, includes bunker delivery note (BDN) which is the amount of fuel bunkered, tank sounding, which is a system for measurement of the amount of fuel inside the tank, and fuel flow meters, which measures fuel supplied to engines, generators, and boilers. Controlling FMS systems are specific, automated devices/equipment installed in the fleet, which maintain desired specifications at all times of their operations. Controlling helps tackle the rising cost of fuel, as it reports and controls the fuel consumption and increases the operational efficiency.

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