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Global Tank Gauge Systems for Fueling Stations Market 2017-2021

Global Tank Gauge Systems for Fueling Stations Market 2017-2021

About Tank Gauge Systems for Fueling Stations

Tank gauge systems for fueling stations are devices that aid in day-to-day operations by monitoring the fuel tank inventory levels, raising the alarm in case problems arise in the tank, and performing leak tests as per the environmental regulations. The use of tank gauge systems increases the efficiency of fueling stations. The device analyzes the entire operations of the fueling station and highlights all the inefficiencies.

Technavio’s analysts forecast the global tank gauge systems for fueling stations market to grow at a CAGR of 2.91% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global tank gauge systems for fueling stations market for 2017-2021. To calculate the market size, the report considers the new installations.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Tank Gauge System for Fueling Stations 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Censtar Science & Technology
  • Dover
  • Franklin Fueling Systems
  • Veeder-Root
Other prominent vendors
  • Blue1USA
  • Husky
  • U-Fuel
  • Willborn
  • ZHENGZHOU WINDBELL MEASUREMENT AND CONTROL TECHNOLOGY
Market driver
  • Increasing sales of automobiles
  • For a full, detailed list, view our report
Market challenge
  • Fluctuations in global oil and gas prices
  • For a full, detailed list, view our report
Market trend
  • Growing fleet of CNG vehicles
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?


Press Release

Technavio Announces the Publication of its Research Report – Global Tank Gauge System for Fueling Stations 2017-2021

Technavio recognizes the following companies as the key players in the global tank gauge systems for fueling stations market: Censtar Science & Technology, Dover, Franklin Fueling Systems, and Veeder-Root

Other Prominent Vendors in the market are: Blue1USA, Husky, U-Fuel, Willborn, and ZHENGZHOU WINDBELL MEASUREMENT AND CONTROL TECHNOLOGY.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Growing fleet of CNG vehicles. The rising trend of natural gas use has been driving customers toward natural gas-fueled vehicles. Though the market for EVs is on the rise, manufacturers in the automotive industry are keeping track of alternate fuels. In emerging markets such as Latin America and Asia, easy access to and availability of natural gas sources will drive the fleet of natural gas-powered vehicles. For natural gas to truly become an alternate fuel for vehicles, government investments in infrastructure development become crucial.”

According to the report, one of the major drivers for this market is Increasing sales of automobiles. The demand for passenger cars is rising in emerging economies like India, China, and Brazil due to higher purchasing power of consumers accompanied by the significant economic growth. The growth in emerging markets in step with global trade activity and ongoing industrialization, especially in the BRICS, has been encouraging. China's massive fiscal stimulus packages in recent years made it the leader in emerging markets. Over the past few years, China has maintained its position as the world's largest automotive market. The automotive market in India is dynamic in nature and is growing rapidly; therefore, many auto OEMs are entering the market to tap the enormous potential.

Further, the report states that one of the major factors hindering the growth of this market is Fluctuations in global oil and gas prices. The continued trend of low global crude oil prices has put additional pressure on upstream oil and gas companies. Oil drilling and production companies have been impacted the most as the crude oil that was once trading at $110/bbl. in June 2014, fell to nearly $26/bbl. in January 2016. Consequently, a wide range of deep and ultra-deepwater projects was put on hold due to the reduced revenues, and many of the smaller upstream companies struggled to sustain in the market. For the drilling and production of crude oil to be commercially viable, global crude oil prices need to be sufficiently high from a financial standpoint so that the firms can sustain in the market. While integrated oil companies were able to absorb some of the pressure, pure upstream companies were the most adversely affected.

Companies Mentioned

Censtar Science & Technology, Dover, Franklin Fueling Systems, Veeder-Root, Blue1USA, Husky, U-Fuel, Willborn, and ZHENGZHOU WINDBELL MEASUREMENT AND CONTROL TECHNOLOGY.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Market outline
      • Table Common products and services of automatic fuel tank gauge system
  • Market landscape
    • Market overview
      • Table Global tank gauge systems for fueling stations market 2017-2021
    • Market size and forecast
      • Table Global tank gauge systems for fueling stations market 2016-2021 ($ millions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by end-user
    • Global tank gauge systems for fueling stations market by end-user
      • Table Global tank gauge systems for fueling stations market 2016 and 2021 (%)
    • Global tank gauge systems for fueling stations market by diesel and petrol stations
      • Table Global tank gauge systems for fueling stations market by diesel and petrol stations2016-2021 ($ millions)
    • Global tank gauge systems for fueling stations market by natural gas stations
      • Table Global tank gauge systems for fueling stations market by natural gas stations2016-2021 ($ millions)
  • Geographical segmentation
    • Global tank gauge systems for fueling stations market by geography
      • Table Global tank gauge systems for fueling stations market by geography 2016 and 2021(%)
    • Tank gauge systems for fueling stations market in APAC
      • Table Tank gauge systems for fueling stations market in APAC 2016-2021 ($ millions)
    • Tank gauge systems for fueling stations market in Americas
      • Table Tank gauge systems for fueling stations market in Americas 2016-2021($ millions)
    • Tank gauge systems for fueling stations market in EMEA
      • Table Tank gauge systems for fueling stations market in EMEA 2016-2021($ millions)
  • Decision framework
  • Drivers and challenges
    • Market drivers
      • Table Major retail fuel price determination methods
      • Table Global liquid fuel consumption 2007-2018 (mbpd)
      • Table Consumption of petrol/diesel in India 2013-2016 (MMT)
      • Table Global automobile production 2012-2021 (millions of units)
    • Market challenges
      • Table Global crude oil price 2012-2017 ($/bbl.)
      • Table Drivers for EV market
      • Table Global new registrations of electric cars (BEVs and PHEVs) 2005-2016 (units in thousands)
      • Table Key highlights of metro rail in India
  • Market trends
    • Growing fleet of CNG vehicles
      • Table Advantages of natural gas as a vehicular fuel
      • Table Share of natural gas vehicles by region 2012 and 2016 (%)
      • Table Share of natural gas fueling stations by region 2012 and 2016 (%)
    • Increasing use of automated gauge systems
    • Solar-powered fueling stations
  • Vendor landscape
    • Competitive landscape
    • Other prominent vendors
      • Table Other prominent vendors
  • Key vendor analysis
    • Censtar Science & Technology
      • Table Censtar Science & Technology: Key product offerings
    • Dover
      • Table Dover: Key brands
      • Table OPW Fuel Management Systems: Key product offerings
      • Table Dover: Recent developments
    • Franklin Fueling Systems
      • Table Franklin Fueling Systems: Fuel management system offerings
      • Table Franklin Fueling Systems: Recent developments
    • Veeder-Root
      • Table Veeder-Root: Key product offerings
  • Appendix
    • List of abbreviations
  • Explore Technavio

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