Middle East and Africa Fuel Management System Market to Grow at a CAGR of 7.3% to reach US$ 198.5 million from 2021 to 2028

The Middle East & Africa fuel management system market is expected to reach US$ 198.5 million by 2028 from US$ 121.5 million in 2021; it is estimated to grow at a CAGR of 7.3% from 2021 to 2028.

Theft of fuel is a major problem in the industry. Due to the Middle East & Africa increase in gasoline prices, possible damages, and losses in terms of theft and other malpractices have been observed over the period. Hence, standard processes and effective solutions such as anti-siphoning smart devices and fuel monitoring software need to be implemented to combat gasoline theft. To meet this need, various companies have developed automatic fuel monitoring systems to close the gap. For instance, Aeris partnered with Omnicomm to provide fuel monitoring systems in India in February 2020. The strategic partnership targets fuel theft in various businesses, including construction and locomotives. These platform releases are critical for firms such as the food and pharmaceutical sectors, working relentlessly to avoid inconsistencies. Similarly, Fuel Me launched a cloud-based fuel purchase and roadside help app for commercial transportation and construction industries by offering various roadside assistance services, including the complete fuel procurement process. These advances are necessary for the industry to improve safety, visibility, and sustainability, which, in turn, fuel the growth of the Middle East & Africa fuel management system market

Saudi Arabia, the UAE, Egypt, Morocco, and Kuwait are the main MEA countries that are facing the effects of COVID-19 pandemic. The majority of operations in the region have been suspended due to an increase in the number of cases in the region. In order to deal with the pandemic, countries have been compelled to redirect funds to improve their healthcare infrastructure. However, the demand of new fuel management will continue to grow, as Middle East is hub of several oil manufactures. As a result, the COVID-19 pandemic is somehow, but not limiting the demand development of fuel management system in the Middle East and Africa.

With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the fuel management system market. The Middle East & Africa fuel management system market is expected to grow at a good CAGR during the forecast period.

 Middle East & Africa Fuel Management System Market Revenue and Forecast to 2028 (US$ Million)

Middle East & Africa Fuel Management System Market Segmentation

By Component

• Software
• Hardware
• Controller

By Function

•  Delivery
• Storage

By End User

• Mining
• Construction And Ports
• Transportation & Logistics
• Oil & Gas
• Others

By Country

• Middle East & Africa
• UAE
• Saudi Arabia
• South Africa
• Rest of Middle East & Africa

Companies Mentioned

• Gilbarco Inc.
• Navig8
• Piusi S.p.A.
• Orpak Systems Ltd.         

Middle East and Africa Fuel Management System Report Scope