02 Feb 101 Facts About Fuel Management Systems For Buildings In 2023
Have you ever wondered what lies behind the technology of fuel management systems for buildings? What is the story of how these systems came to be and what impact have they had on different types of structures? Are there any interesting facts or surprising data points associated with this system? In this factsheet, we’ll provide 101 facts about fuel management systems – from their history and development to their current applications in both commercial and residential buildings, environmental impacts, and more. We’ll uncover some fascinating stories and unexpected pieces of information that you may find surprising!
We know finding facts and figures about Fuel Management Systems for Buildings can be time-consuming and frustrating, so we put together this list of the top 101 facts, notes, and statistics so you can easily reference them and refer back to them any time in the future. This space is constantly changing, so if you see a fact that is not up-to-date, feel free to let us know. And if you know a stat that we should add, let us know that too!
1. A Fuel Management System Provides Better Visibility Into Fuel Trends—Including Inefficient Or Abnormal Activity, Like Idling And Theft.
2. In 2019, Fleet Managers Reported That Fuel Spending Accounted For An Average Of 24% Of Their Total Fleet Costs.
3. Commercial Fleets Can Minimize The Burden Of Fuel Costs With Fuel Management Systems.
4. Fuel Management Systems Help You Lower Fuel Costs And Maximize Fuel Efficiency.
5. Fuel Management Involves Controlling And Monitoring Fuel Consumption And Expenses.
6. One Of The Goals Of Fuel Management Is To Improve Fuel Efficiency, Which Is A Measurement Of How Well A Vehicle Converts Fuel Into Energy.
7. Fuel Efficiency Is Often Measured By Fuel Economy Or The Miles Per Gallon (Mpg) A Vehicle Can Travel.
8. Fuel Management Systems Give You Access To Valuable Usage Metrics And Fuel Data.
9. Implementing A Fuel Management System Can Help You Identify And Reduce Fuel-Related Costs.
10. Fuel Management Systems Make It Easy To Regulate The Fuel You Use.
11. A Fuel Management System Is A Combination Of Hardware And Software Products, That Together Enables Security, Access, And Control Of Fuel Stores, Whilst Monitoring Delivery And Consumption.
12. Fuel Management Services Are For Companies That Need Increased Accuracy, Accountability, Security, Or Productivity From Their Fluid Assets.
13. Fuel Management Systems Capture Driving Data And Compare Performance From Driver To Driver.
14. Fuel Management Systems Help Businesses Reduce Co2 Emissions By Creating Reports To Compare Vehicle Performance.
15. Typically Used In The Transportation And Construction Industries, Fuel Management Systems Can Also Be Used For Fleets Of Vehicles.
16. In A 2015 Survey, 53 Percent Of Fleet Operators Said That They Frequently Noticed That Fuel Costs Exceed Projections.
17. Integrated With Your Vehicle’s Gps, A Fuel Management System Can Automatically Calculate Traveled Distance And Purchased Fuel To Help File Your IFTA Tax Reports.
18. The Ultimate Benefit Of Fuel Management Systems Is Automation.
19. Fuel-Management Systems Are Designed To Effectively Measure And Manage The Use Of Fuel Within The Transportation And Construction Industries.
20. There Are Several Types Of Fuel-Management Systems: Card-Based Fuel-Management Systems And On-Site Fuel-Management Systems.
21. Card-Based Fuel-Management Systems Typically Track Fuel Transactions Based On A Fueling Credit Card And The Associated Driver PIN.
22. On-Site Fuel-Management Systems May Employ Fleet Refueling Services Or Bulk Fuel Tanks At The Site. Fuel Is Tracked As It Is Pumped Into Vehicles, And On-Site Storage Levels Can Be Managed.
23. Some Fuel Companies Offer Total Fuel-Management Systems Whereby They Provide Elements Of A Card-Based System Along With On-Site Fuel Delivery And Refueling Services.
24. Mobile Fuel Management Refers To A Fleet Of Fuel Trucks Or Tankers That Provide Fuel Supply To Commercial Fleets Of Trucks Or Construction Equipment.
25. A Good Fuel Management System Ensures That Only Authorized Users And Active Vehicles Get Access To Fuel.
26. It Also Automatically Generates The Reports You Need And Sends Them To The People Who Need Them When They Need Them.
27. Plenty Of Real World Experience Shows That You’ll Achieve Savings Of 10% Or More On Fleet Fuel By Implementing A Reliable, Competent, Automated Fuel Management System (As Compared To An “Open Bar”/Honor System Or “Pen And Paper” Scenario).
28. Fuel Management System Is A Low Risk, High Reward Investment That Pays For Itself Quickly And Then Some.
29. In 2019, Fleet Managers Indicated That Fuel Expenditures Accounted For An Average Of 24% Of Overall Fleet Costs.
30. Fuel Management Involves Being Aware Of All Variables That Have A Direct And Indirect Impact On Fuel Use.
31. It Also Involves The Management Of Stock And Quality Checks That Ensure The Best Grade Fuel Is In Circulation For Processes Across Industries.
32. Today Fuel Management Systems Are Relied Upon Across Numerous Industries Such As Telecommunications, Transport, Manufacturing, And More.
33. Fuel Management Software Can Take Care Of The Complete Lifecycle Of The Fuel.
34. Fuel Management Is A Critical Part Of Optimizing Fuel Usage By Your Devices And Lead To Lesser Wastage By Actively Monitoring Their Usage.
35. Fleet Managers Often Need To Deal With Menaces Like Fuel Theft, Bad Driving Habits, Variable Fuel Rates, Fluctuating Transport Regulations, Etc.
36. A Fleet Survey Reports That 55% Of Fleets Have Reduced Fuel Costs Using Telematics-Based Fuel Management Software.
37. The Hardware Component Of Fuel Management Systems Uses Telematics Systems To Send Real-Time Vehicle Information Via Telecommunication Devices.
38. The Software Component Receives This Real-Time Data From The Vehicle’s Onboard Sensors And Displays Valuable Insights Regarding The Fleet’s Fuel Storage, Delivery, And Consumption.
39. This Technology Monitors A Wide Range Of Information, Gathers Data, And Visualizes This Data On A Software Platform To Analyze Your Fleet’s Fuel Operating Costs And Minimize Fuel Consumption.
40. Fleet Managers Have Been Doing Fuel Management For A Long Time. Earlier They Used To Employ A Manual Method With The Use Of Pen And Paper, However, Times Have Changed And Fuel Management Can Be Efficiently Done Using Modern Technology.
41. Some Fuel Management Systems Use The GPS Coordinates Around Your Fleets Stationed Location To Create A Virtual Geo-Fence. This Curbs Unnecessary Fuel Consumption.
42. Fuel Management Systems May Take Various Different Forms, But One Thing That Cannot Be Denied Is Their Considerable Importance For The Control And Monitoring Of Fuel Consumption For Your Business.
43. Fuel Management Systems (FMS) Are Used To Maintain, Control And Monitor Consumption And Stock In Any Type Of Industry That Uses Transport Example Fleet Refueling Facilities, Marinas, Harbors And Airports Or Any Type Of Business That Needs To Track Fuel Usage Including Generator Fuel Management Systems.
44. Fuel Management Systems Can Also Help You Save On Fuel Costs By Monitoring Carbon Emissions, Improving Driver Behavior And Keeping Your Vehicles Well-Main trained.
45. A Fuel Management System Is An Asset To Every Transportation And Logistics Enterprise.
46. It Helps Businesses Maintain Safety And Efficiency For Drivers And Vehicles.
47. Another Feature Is The Use Of Notifications To Avoid Issues Like Speeding And Idling On The Road A Fuel Management System Offers.
48. Adoption Of Fuel Management Systems Can Help Commercial Fleets To Reduce Financial Burden Of Fuel Prices By Discovering Inefficiencies In Fuel Utilization.
49. Fuel Management System Data Can Be Used By Fleet Managers To Examine And Promote Good Fuel-Saving Behavior.
50. Fuel Management Systems Use Analytics To Analyze Data About Fuel Transactions And Discover Which Fuel Brands Are More Economical, Compare Usage Of Fuel Across Vehicles, Break Down Fuel Cost, And Generally Alter Consumers’ Fuel-Buying Behavior.
51. A Fuel Management System That Is Integrated With A Vehicle’s Global Positioning System (GPS) Can Automatically Determine The Distance Traveled And Fuel Purchased To Assist With Tax Filing.
52. However, Significantly Higher Initial Investments Require Regular Upkeep, Maintenance, And Interoperability With Existing Systems And Software, Which Is A Major Factor Restraining Revenue Growth Of The Market.
53. Installation Fees For Fuel Management Systems Can Range Between USD 500 And USD 5,000 Per Unit.
54. Fuel Management System Market Size Was Valued At USD 556.45 Million In 2020 And Is Projected To Reach USD 906.60 Million By 2028, Growing At A CAGR Of 6.29% From 2021 To 2028.
55. This System Allows For Fuel Store Security, Management, And Access While Also Tracking Delivery And Usage.
56. Fuel Management Systems Provide A Wealth Of Information On Fuel Usage, Ensuring That You Use It Efficiently And In Accordance With Regulatory Rules.
57. Rising Fuel Management System Adoption In Emerging Markets, Rising Overall Energy Consumption, And Rapid Advances In Transportation Infrastructure Would Exacerbate The Growth Of The Fuel Management System Market Throughout The Forecast Period.
58. The Increasing Use Of Fuel Management Systems In The Mining, Construction, And Defense Industries, As Well As The Various Benefits Associated With Their Use, Such As Increased Productivity, Reduced Thefts, Improved Operational Efficiency, And The Ability To Automate Tasks To Reduce Error, Are Expected To Boost The Market’s Overall Growth.
59. The Major Benefit From Using A Fuel Management System Is To Take Control Of Fuel Stores Age And Security.
60. The Fuel Management System Improves Fleet Efficiency, Security And Lowers Carbon Emissions By A Reduction In Fuel Costs.
61. Using A Fuel Management System, You Can Accomplish Advanced Fueling Security And Can Accurately Monitor How Much Fuel Is Lost For A Day Or Week.
62. Fuel Management Systems Are Utilized For The Maintenance, Monitoring And Control Of Fuel Consumption In Industries Using Various Modes Of Transportation, Such As Road, Rail, Air And Water, For Business Purposes.
63. Fuel Management Systems Make Use Of A Variety Of Technologies And Methods For Keeping Track Of Fuel Inventories, Purchases Made, And Fuel Dispensed.
64. The Systems Also Help In Controlling Errors In Fluid Dispensing From Fuel Tank Into Vehicles Which Provides Important Information About Any Leaks.
65. Fuel Management Is Also Offered Online Over Web Portals That Offer Detailed Information On Fuel Data, Allowing Control Over Consumption Besides Enabling Tax Accounting And Cost Analysis For Fuel Purchases.
66. Amid The Covid-19 Crisis, The Global Market For Fuel Management System Estimated At US $652.73 Million In The Year 2022, Is Projected To Reach A Revised Size Of US $802.5 Million By 2026, Registering A Compounded Annual Growth Rate (CAGR) Of 5.5% Over The Period.
67. The United States Represents The Largest Regional Market For Fuel Management System And Is Projected To Reach US$285 Million By 2026.
68. The Significant Developments In Transportation Infrastructure Space And The Escalating Demand From Logistics, Mining And Construction Sectors Are Fueling Growth In The Fuel Management Systems Market.
69. With Oil Reserves Depleting At An Alarming Rate Across The World And Strict Environmental Norms Being Introduced To Reduce Fuel Consumption, The Need For Effective Fuel Management Systems Continues To Grow.
70. A Significant Factor Driving Demand For Fuel Management Systems Is The Growing Need To Cut Down Fuel Losses, Which Is A Major Issue In Industries Such As Transportation, Oil & Gas, And Mining Where Fleet Form Critical Part Of Overall Operations.
71. Since Fuel Represents A Significant Proportion Of Operating Costs In The Transportation Sector The Need To Prevent Fuel Pilferage Is Extremely Important, Thus Driving Adoption Of Fuel Management Systems.
72. The Fuel Management Systems Market Is Also Benefiting From The Increasing Adoption Of Cloud-Based Solutions.
73. The Use Of FMS Systems To Monitor Vehicles And Drivers Has An Important Part To Play In Conserving Fuel, Improving Operational Efficiency, And Enhancing Life Of Fleet.
74. North America And Europe Constitute The Leading Regional Markets For Fuel Management Systems.
75. The First-Generation Fuel Management Systems In The 1960s Used Electromechanical Counters, Pulsed By A Shaft-Driven Encoder Fitted To The Pump.
76. The Third-Gen Fuel Management Systems Were Similar To The Previous One In The Sense That It Was Connected To The PC That Generated The Fuel Report, And Fuel Inputs Were Centralized.
77. Cyber Threats And Data Theft Are Some Other Major Concerns Limiting The Integration Of Fuel Management Controllers With Cloud Systems And Cloud-Based Servers.
78. The Most Prominent End-Users Of Fuel Management Systems Include Mining And Constructions, Military And Defense, Oil And Gas, Transportation And Logistics And Others.
79. The Transportation And Logistics Sector Is Anticipated To Call For The Highest Demand For Fuel Management Systems In The Upcoming Years, Owing To The Heavy Usage In Fleet Operations.
80. Increasing Demand For Fuel Management Systems In Mining And Construction Activities In Asia-Pacific Is Accelerating Market Growth.
81. There Is A Growing Demand For The Military Fuel Management System To Gauge Fuel Transfers, Monitor Fuel Inventory, And Generate Reports For Ease Of Sustainability.
82. Fuel Management In The Military Requires Accurate Information In Order To Maximize The Readiness Of Their Defense Operations.
83. The North American Fuel Management Market Is Predominantly Driven By The Functional Vehicle Fleet Operations.
84. Fuel Management Increases Profit Margins By Minimizing Expenses.
85. The Fuel Management System Market Size Was Valued At USD 556.45 Million In 2022 And Is Projected To Reach USD 906.60 Million By 2030, Growing At A CAGR Of 6.29% From 2023 To 2030.
86. The Card-Based Segment Held The Majority Share 2021 Of The Fuel Management System Market Revenue.
87. The Asia-Pacific Region Includes Countries Such As China, Japan, India, South Korea, And Australia, Which Are Among The Major Markets For Fuel Management Systems.
88. Europe’s Fuel Management System Market Accounts For The Second-Largest Market Share.
89. The Europe Region Includes Countries Such As Germany, France, The United Kingdom, Italy, And Spain, Which Are Among The Major Markets For Fuel Management Systems.
90. The System Can Be Used To Track Overall Inventory And To Purchase New Stock When Levels Are Low. It Can Enable Consumption Control, Analysis Of Cost And Tax Accounting For Any New Fuel Purchase.
91. At The Beginning Of 2021, Fuel Prices Grew More Than Half A Dollar Per Gallon.
92. Automated Fuel Management And Control Systems Help You Comply With Environmental Regulations And Get Accurate, Up-To-Date Fuel, Engine, And Vehicle Performance Data.
93. FMS Systems Are Universal. They Are Suitable For Any Vehicle Fleet With Gasoline Or Diesel Engines. Even The Most Exotic Types Of Transport Can Be Equipped With Fuel Control Systems And Show A Desirable Reduction In Consumption.
94. Fuel Management Is A Necessary Solution For Fuel Fleets To Ensure That They Eliminate Risks To Maximize Profits.
95. Fraud Magazine, An Association Of Certified Fraud Examiners, States That Thieves Steal Around $133 Billion Worth Of Fuel From Gas And Oil Companies.
96. The Fuel Management Solution To Avoid Fuel Fraud Is To Have Automatic Tracking Methods That Can Effectively Report And Account For Every Fuel Transaction.
97. Research States That 60% Of A Fuel Fleet’s Operating Budget Goes To Fuel Costs.
98. Fuel Thieves Resell The Stolen Fuel When They Successfully Take Oil And Gasoline From A Truck, Thus Causing Massive Losses To The Fuel Company. A Fuel Company’s Fuel Tankers Are At Risk Of Fuel Theft Because Of The Lack Of Monitoring Solutions To Ensure Safe Fuel Transportation.
99. A Fuel Management System Makes It Possible For Fleet Owners To Keep An Eye On Every Transaction Involved In The Purchase Of Fuel For Their Fleets.
100. The Purpose Of A Fuel Management System Is To Secure Fuel Against Unauthorized Use And To Provide An Accurate Record Of The Fuel Dispensed.
101. Good Fuel Management Can Make A Vitally Important Contribution To The Profitability Of Such Organization.
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