According to a recent survey published by FMI, the global Fuel Vending Machines market is expected to grow at a healthy CAGR during the forecast period between 2018 and 2028. The objective of the report is to uncover micro and macro-economic factors accelerating the sales of Fuel Vending Machines over the coming decade.
The Arrival of Industry 4.0 Technology Will Open Up New Growth Opportunities for the Fuel Vending Machines Market
Industrial sector is witnessing revolution as manufacturers across the world are extensively emphasizing towards adopting incorporating advanced automation, This is commonly being referred to as Industry 4.0.
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Manufacturing facilities are emphasising the use of novel technologies such as artificial intelligence, smart manufacturing, the internet of things (IoT), and machine learning as Industry 4.0 grows. This is projected to create major prospects for growth in the Fuel Vending Machines market.
Furthermore, increased government emphasis on upgrading the manufacturing sector and integrating augmented and virtual reality with smart equipment to increase output will fuel market demand in the coming years.
Key Fuel Vending Machines Market Takeaways and Projections
· The U.S. is estimated dominate the Fuel Vending Machines market in North America, accounting for the largest share in the region through 2022.
· Germany is projected to account for a significant share in the Europe market over the assessment period.
· China is forecast to hold the lion’s share the East Asia market, projecting the fastest growth in the region between 2018 and 2028
· India is anticipated to emerge as a highly remunerative market in South Asia, accounting for the largest sales during the forecast period.
Report Benefits & Key Questions Answered
· Fuel Vending Machines Historical Market Outlook: Future Market Insight’s analysis examines vital dynamics, such as drivers, opportunities and challenges. It studies their impact on the market over the previous assessment period 2016-2020. The report provides crucial insights to market players to capitalize on opportunities and counter challenges.
· Fuel Vending Machines Demand-Supply Assessment: A latest study published by FMI offers in-depth insights into governing factors facilitating the demand outlook of the Fuel Vending Machines market. As per the survey, Fuel Vending Machines sales will project steady growth over the forecast period.
· Fuel Vending Machines Consumption by Demographics: The report published by FMI provides consumption by demographics analysis to assist the market players in formulating their marketing strategies on the basis of purchasing power of the customers. It examines changes in consumer behavior and also studies its effect on the demand for Fuel Vending Machines.
· Fuel Vending Machines Market Trend Analysis: FMI’s market trend analysis provide detailed insights into current and upcoming trends in the industrial automation industries. It also assist the industry players to identify potentials trends to capitalize on them.
Fuel Vending Machines Market: Market Participants
Some of the key market participants identified across the value chain of the global fuel vending machines market include:
- Kotoulas Energy
- TATSUNO Corporation
- Tokheim
- Guardian Venture (M) Sdn. Bhd.
- Gilbarco Inc.
- Piusi S.p.a.
- Fuel Proof Ltd
- Midco Ltd.
- Fluidyne Control Systems (P) Ltd.
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Fuel Vending Machines Market: Segmentation
On the basis of application:
- Petrol/Gasoline
- Diesel
- Compressed Natural Gas
- Others
On the basis of component:
- Flow Controllers
- Pressure Controllers
- Level Controllers
- Temperature Controllers
- Enclosure
On the basis of sales channel:
- Original Equipment Manufacturers (OEMs)
- Fuel Distributors
- Station Installers
- Station Owners
- Retail
- E-Commerce
Regional analysis includes
- North America (U.S., Canada)
- Latin America (Mexico. Brazil)
- Western Europe (Germany, Italy, France, U.K, Spain)
- Eastern Europe (Poland, Russia)
- Asia Pacific (China, India, ASEAN, Australia & New Zealand)
- Japan
- Middle East and Africa (GCC Countries, S. Africa, Northern Africa)
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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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