Antibiotics Market Growth Trends, Current Demand, and Development Report

 As per the most recent concentrate on 'Antibiotics Market Forecast to 2028 - Covid-19 Impact and Global Analysis by Drug Class and Action Mechanism.' The worldwide antibiotics market was esteemed at US$ 44,111.31 million out of 2020 and is projected to arrive at US$ 59,253.24 million of every 2028; it is normal to develop at a CAGR of 4.0% during 2021-2028. The report gives patterns winning in the worldwide antibiotics market and the elements driving market alongside those that go about as deterrents.

In light of n drug class, the antibiotics market is segmented into Cephalosporin, Penicillin, Fluoroquinolones, Macrolides, Carbapenem, Aminoglycosides, Sulfonamides, and Others. The cephalosporin portion held the biggest portion of the market in 2020; but the fluoroquinolones fragment is expected to enroll the most elevated CAGR of 5.3% in the market during the forecast time frame. Moreover, expanding rate of pneumonia, circulatory system infections, and Urinary Tract Infections (UTI) is supposed to build the demand for carbapenems class of antibiotics before very long. Besides, the lower cost of conventional carbapenem-based antibiotics is supposed to bring about expanded item reception, accordingly convincing carbapenem-based anti-infection makers to foster geological impression in lower and center pay nations.

The development of the market is credited to a portion of the key elements, like rising predominance of bacterial infections and expanding improvement of conventional medications. Notwithstanding, challenges related with dreary and costly course of anti-infection improvement and due to Covid pandemic are supposed to restriction the development of the market during the forecast years.

Pfizer, Inc., Johnson & Johnson Services, Inc. (Janssen Pharmaceuticals), Abbott, GlaxoSmithKine Plc, Sanofi, Novartis AG, Bayer AG, Bristol Myers Squibb Company, Eli Lilly and Company, and Astellas Pharma are among the leading companies operating in the antibiotics market. The companies are focused towards the adoption of organic strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in May 2017, Pfizer's launched new antibiotic for multidrug resistant (MDR) infections Zavicefta in the UK and Germany, its first lauch was in EU markets.

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The report segments global antibiotics market as follows:

By Drug Class

• Cephalosporin
• Penicillin
• Fluoroquinolones
• Macrolides
• Carbapenem
• Aminoglycosides
• Sulfonamides
• Others

By Action Mechanism

• Cell Wall Synthesis Inhibitors
• Protein Synthesis Inhibitors
• DNA Synthesis Inhibitors
• RNA Synthesis Inhibitors
• Mycolic Acid Inhibitors
• Others

By Geography

• North America
• US
• Canada
• Mexico
• Europe
• France
• Germany
• UK
• Spain
• Italy
• Asia Pacific (APAC)
• China
• India
• Japan
• Australia
• South Korea
• Middle East and Africa (MEA)
• Saudi Arabia
• UAE
• South Africa
• South & Central America (SCAM)
• Brazil
• Argentina

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Antibiotics Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Drug Class (Sulfonamides, Aminoglycosides, Carbapenem, Macrolides, Fluoroquinolones, Penicillin, Cephalosporin, Others); Action Mechanism (Mycolic Acid Inhibitors, RNA Synthesis Inhibitors, DNA Synthesis Inhibitors, Protein Synthesis Inhibitors, Cell Wall Synthesis Inhibitors), and Geography

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Wind Turbine Composites Market Overview and Regional Outlook Study

 The wind turbine composites market was valued at US$ 5,621.0 million in 2018 and is expected to grow at a CAGR of 5.8% from 2019 to 2027 to reach US$ 9138.6 million by 2027.

Wind turbine composites are defined as the composites or components which are utilized in the production of wind turbine parts, such as blades and nacelles and others, which exhibits resilience and tensile strength. The use of composites helps in the production of lightweight components with excellent characteristics, low maintenance cost, resistance to corrosion, and long life of products. The global wind turbine composites market, by fiber type, has been segmented into glass fiber and carbon fiber and others. The glass fiber segment dominated the global wind turbine composites market in 2018. Moreover, the carbon fiber & other fiber type segment is anticipated to grow at a faster pace over the projected period. Glass fibers are being increasingly used to manufacture wind turbine composites. The glass fiber under type E (electrical) is the most widely preferred for the preparation of composites. Glass fibers for composites have a good combination of properties: moderate stiffness, high strength, and moderate density.

Wind energy is one of the renewable energy technologies which is growing at a rapid pace. The global installed capacity of wind energy has increased 75 times in the past two decades. According to the International Renewable Energy Agency, it rose from 7.5 gigawatts in 1997 to ~564 gigawatts in 2018. The demand for wind turbine composites is dependent on factors such as new wind turbine installations and the rising demand for flexible materials in applications such as blades, tower, and others. The growing number of wind farms in China, Europe, and North America is expected to drive the market for wind turbine composites. According to the World Wind Energy Association, the global capacity of windmills reached 597 gigaWatt in 2018. The growing capacity of wind farms and surge in the number of wind farm projects globally are expected to drive the market for wind turbines, and consequently generate significant demand for wind turbine composites.

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The market for global wind turbine composites market is concentrated with some very well-established players. Some of the key players in the global wind turbine composites market are ENERCON GmbH, Hexcel Corporation, Lianyungang Zhongfu Lianzhong Composites Group Co.,Ltd, LM Wind Power, Molded Fiber Glass Companies, Nordex SE, Siemens Gamesa Renewable Energy, S.A., Suzlon Energy Limited, TPI Composites, Inc., Vestas Wind Systems A/S, among others.

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Wind Turbine Composites Market to 2027 - Global Analysis and Forecasts by Fiber Type (Glass Fiber, Carbon Fiber and Others); Resin Type (Epoxy, Polyester, Vinyl Ester); Manufacturing Processes (Vacuum Injection Molding, Prepreg, Hand Lay-Up); Application (Blades, Nacelles), and Geography

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The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

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Urinary Tract Infection Treatment Market to Witness Comprehensive Growth by 2027

 The Urinary Tract Infection Treatment Market is expected to reach US$ 11,614.32 million by 2027 from US$ 9,106.40 million in 2019; it is estimated to grow at a CAGR of 3.2% from 2020 to 2027.

The growth of the market is attributed to the growing prevalence of urinary tract infections, aging population, and emerging computing technologies for urine diagnostics. However, the lack of product awareness in emerging countries and effects associated with medication obstruct the growth of the market to a certain extent.

Based on drug class, the quinolones segment held the largest share of the market in 2019; however, the penicillin and combination segment is anticipated to register the highest CAGR of 4.5% in the market during the forecast period. The future growth of the market for quinolones is mainly ascribed to the fact that it is most commonly prescribed by physicians. Ciprofloxacin, levofloxacin, and enoxacin are among the most widely used drugs for treatment.

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R&D in UTI treatment is expected to offer lucrative growth opportunities to the players in the global urinary tract infection treatment market. For instance, in July 2018, Lupin received approval from the US Food and Drug Administration (FDA) for generic Nitrofurantoin capsules. It is a generic version of Macrodantin offered by Alvogen Malta Operations Ltd. It is used to treat UTI caused by Staphylococcus aureus, enterococci, etc. Further, in February 2020, a France-based pharmaceutical company announced Exblifep, a combination of a novel extended-spectrum beta-lactamase inhibitor, enmetazobactam, and cefepime. i.e., the fourth-generation cephalosporin, which achieved primary endpoints in a clinical trial for complicated UTIs. Moreover, in July 2019, Healthy.io, a smartphone camera-based solutions developer, announced an agreement with Walgreens Boots Alliance, Inc. placing Healthy.io's Dip UTI test kits in boots pharmacies throughout the UK. Additionally, in May 2020, Spero Therapeutics, Inc. announced the completion of patient enrollment in its Phase 3 clinical trial, ADAPT-PO, of tebipenem HBr to treat complicated urinary tract infection (cUTI) and acute pyelonephritis (AP). In July 2019, the US FDA approved Recarbrio drug to treat cUTI and complicated intra-abdominal infection in adults. In June 2018, Achaogen, Inc. received the US FDA approval for ZEMDRI to treat cUTIs in adults. In November 2018, Allergan, announced the launch of the FDA accepted supplemental drug AVYCAZ to treat cUTIs and complicated intra-abdominal infections patients between the age group of 3 months to 18 years. Applying such strategic measures can be lucrative for the urinary tract infection treatment market during the forecast period.

The COVID-19 pandemic was first reported in December 2019 in Wuhan (China). The impacts of this outbreak are being felt across several markets in the world. The demand for urinary tract infection treatment solutions has reduced amid this global crisis due to a significant shift in the focus toward the management, treatment, and prevention of COVID-19.

Teva Pharmaceutical Industries Ltd, Sun Pharmaceutical Industries Ltd, Mylan N.V., ALLERGAN, Pfizer Inc., Cipla Ltd, F. Hoffmann-La Roche Ltd, Shionogi Inc., Amway, and DuPont Nutrition & Biosciences are among the leading companies in the urinary tract infection treatment market.

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The Report Segments Urinary Tract Infection Treatment Market as Follows:

By Drug Class

• Penicillin and Combinations
• Quinolones
• Cephalosporin
• Aminoglycoside Antibiotics
• Sulphonamides
• Nutritional Supplements

By Indication

• Complicated Urinary Tract Infection
• Uncomplicated Urinary Tract Infection

By Distribution Channel

• Hospital Pharmacies
• Gynaecology and Urology Clinics
• Retail Pharmacies and Drug Store
• Online Drug Stores

By Geography

• North America
• US
• Canada
• Mexico
• Europe
• France
• Germany
• UK
• Spain
• Italy
• Asia Pacific (APAC)
• China
• India
• Japan
• Australia
• South Korea
• Middle East and Africa (MEA)
• Saudi Arabia
• UAE
• South Africa
• South and Central America (SCAM)
• Brazil
• Argentina

Urinary Tract Infection Treatment Market Forecast to 2027 - COVID-19 Impact and Global Analysis By Drug Class (Penicillin and Combinations, Quinolones, Cephalosporin, Aminoglycoside Antibiotics, Sulphonamides, Nutritional Supplements), Indication (Complicated Urinary Tract Infection, Uncomplicated Urinary Tract Infection), Distribution Channel (Hospital Pharmacies, Gynecology and Urology Clinics, Retail Pharmacies and Drug Stores, Online Drug Stores), and Geography

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The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

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Oligonucleotide Synthesis Market Estimated to Flourish by 2027

 The oligonucleotide synthesis market size is estimated to reach US$ 3,971.72 million by 2027 from US$ 1,584.16 million in 2018; it is estimated to grow at a CAGR of 11.1% during 2019–2027.

The report highlights trends prevailing in the market and factors driving its growth. The oligonucleotide synthesis market trends are attributed to the rising applications of synthesized oligonucleotides, increasing investments for synthetic biology, and technological advancements in genome editing tools However, the growth of the market is restrained by factors such as renewed regulations for biotechnology.

North America held the largest share of the oligonucleotide synthesis market, with the US holding the largest market share, followed by Canada. The growth in North American oligonucleotide synthesis market is characterized by the presence of many biotechnology and pharmaceutical companies across the region, increasing focus of market players in the regional market, and rising prevalence of cancer in the region. Moreover, the US market is expected to witness growth opportunities owing to factors such as various government support initiatives for research and development. In addition, growth in the pharmaceutical & biopharmaceutical sector in the country is expected to support the market.

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The increasing investments and rising funds dedicated to the manufacturing companies as well as academic and research institutes for the development of gene synthesis-based end products such as precision medicine and other therapeutics is one of the major driving factors. In 2016, according to an annual industry growth update published by SynBioBeta, a leading community of investors, entrepreneurs, and others, more than US$ 1 billion was invested in synthetic biology by various companies in the US and worldwide. According to the National Center for Biotechnology Information (NCBI), the US government offers approximately US$ 220 million every year toward synthetic biology research and development. Moreover, Defense Advanced Research Projects Agency (DARPA) offers funds for research in synthetic biology funding. For instance, DARPA invested nearly US$ 110 million in synthetic biology in 2014.

The US also has a large base of market players operating in the market. The companies also have been involved in various inorganic strategies to offer better products and develop their customer base. For instance, in April 2016, Microsoft Corp purchased 10 million long oligonucleotides from Twist Bioscience, a company accelerating science and innovation through rapid, high-quality DNA synthesis to encode digital data. This strategy would be helpful to increase the durability and the density of data storage during the future years.

Thus, owing to the above-mentioned factors, the oligonucleotide synthesis market is expected to witness growth opportunities in North America. In the recent past, QIAGEN launched its novel therascreen FGFR RGQ RT-PCR Kit in the US as a companion diagnostic for Janssen Biotech’s Balversa (erdafitinib). Janssen is a Johnson & Johnson company. In 2018, QIAGEN’s NGS sales were $140 million, projected to hit $190 million this year.

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Oligonucleotide Synthesis Market: Competitive Landscape and Key Developments

Thermo Fisher Scientific Inc; GenScript; Synthomics, Inc; Ansa Biotechnologies, Inc; Iridia, Inc; Helixworks; Keasling Lab; Molecular Assemblies; Twist Bioscience; Evonetix; DNA Script; Nuclera Nucleics Ltd; Camena Bio are among the leading companies in the market. The oligonucleotide synthesis market share is anticipated to flourish with the development of new innovative products by market players.

Oligonucleotide Synthesis Market Forecast to 2027 – Global Analysis – by Product (Synthesized Oligonucleotides, Reagents, and Equipment), Application (Research, Diagnostics, and Therapeutics), and End User (Academic Research Institutes, Pharmaceutical & Biotechnology Companies, Diagnostic Laboratories, and Other End Users)

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Mechanical Ventilation Systems Market Key Manufacturers, Development Trends and Competitive Analysis

 According to our latest market study on “Mechanical Ventilation Systems Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Type and Application,” the market was valued at US$ 19,566.67 million in 2021 and is projected to reach US$ 28,022.63 million by 2028; it is expected to grow at a CAGR of 5.27% from 2021 to 2028.

Growing innovations in energy recovery ventilation is anticipated to provide lucrative growth opportunities for the global mechanical ventilation system market. Prominent players are increasingly investing in the design and development of controlled ventilation that transfers heat from the warm exhaust air to the cold supply air to minimize energy and cost of heating ventilated air. A few energy recovery systems also use existing ductwork to manage the expenses. Efficient ducts can effectively reduce pressure drops in the system and improve overall performance. The incorporation of embedded devices in energy recovery systems prevent it from freezing and reduce frost formation that can damage heat exchangers. This further decreases the maintenance costs. Increased focus on indoor climate have increased demand for turn-key heating, ventilation, and air conditioning (HVAC) solutions and integrated cooling methodologies. This is enabling the market vendors to invest in technologies that helps to obtain good thermal comfort and indoor air quality in warm summer seasons.

The technological development in the HVAC industry is focused on cost down initiatives and improvements of existing technology. There is a growing demand for latent heat storage, with higher storage density and smaller temperature changes. The potential use of Phase Change Material (PCM) in HVAC solutions for thermal storage and temperature maintenance applications, and innovations in the Next Generation Ventilation (NeGeV) to optimize system performance and cater to the ventilation and cooling demands for commercial and industrial sectors are among the factors bolstering the growth of the market. Further, significant developments and innovations in mechanical ventilation systems are anticipated to match current price levels and greatly reduce operating costs while offering 50–90% reduced energy consumption and a reduced carbon footprint. All the aforementioned factors are expected to support market growth and offer lucrative growth opportunities to market players.   

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Impact of COVID-19 Pandemic on Mechanical ventilation systems Market

The increasing number of COVID-19 confirmed cases has led the governments of North American countries to close nation’s borders during the Q2 of 2021. Manufacturing facilities are either temporarily shut or are operating with limited staff. Moreover, the supply chains of components and parts are disrupted. The US is the largest market for mechanical ventilation systems due to its technologically advanced aerospace & defense and manufacturing sectors. However, the COVID-19 outbreak has severely affected the production and revenue generation due to lowered production volumes. Thus, the COVID-19 pandemic is restraining the growth of the mechanical ventilation system market in North America.

Currently, in Europe, Russia is the most-affected country due to the COVID-19 pandemic, followed by France, the UK, and Italy. Owing to implementation of containment measures, such as restrictions on travel and shutdown of manufacturing facilities and businesses in the region the slewing bearing market witness a crunch from supply side. Containment measures also disrupted the operations of end users of the mechanical ventilation system market, which negatively impacted the market from demand side. However, as containment measures were relaxed, the mechanical ventilation system market started to witness the growth from the Q1 of 2021.

Volution Group Ltd.; Aremec; Mechanical Air Supplies Ltd; Duco Ventilation and Sun Control; Caladair International; Mitsubishi Electric Corporation; Airflow Developments Limited; Vortice; Blauberg; and Infineon Technologies AG are among the key players profiled during the study of the mechanical ventilation systems market. In addition, several other important market players were studied and analyzed during the course of this market research study to get a holistic view of the global market and its ecosystem.

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Mechanical Ventilation Systems Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Type (Exhaust Ventilation, Supply Ventilation, Balanced Ventilation, and Energy Recovery Ventilation) and Application (Industrial, Residential, and Commercial)

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The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

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Label Free Detection Market Status and Forecast, by Players, Types and Applications

 The label free detection market is projected to reach US$ 829.71 million in 2028 from US$ 474.82 million in 2021; it is estimated to grow at a CAGR of 8.3% from 2021 to 2028.

The label free detection market report highlights the key factors driving the market and prominent players with their developments. The growth of the label free detection market is primarily attributed due to introduction of high-tech products and growing number of drug discovery programs through academic–industrial partnerships. However, high cost of LFD instruments can hamper the market's growth.

According to researchers in ETH Zurich, Localized Surface Plasmon Resonance (LSPR) showed a high degree of accuracy and sensitivity in detecting COVID-19 RNA. Surface Plasmon Resonance is one of the significant technologies employed in label free detection. Also, label free products such as SPR systems and biosensors are used for COVID-19 research.

Based on product, the label free detection market is bifurcated into consumables and instruments. The consumables segment held the largest share of the market in 2021 moreover, the same segment is anticipated to register the highest CAGR of 8.6% in the market during the forecast period. Consumables used in the label free detection market comprise microplates, sample tubes & tips, biosensor chips, software etc. A successful detection requires every element of the process to go smoothly. For instance, the sensor chips are made of a high refractive index glass prism coated with a gold thin film specially developed for imaging purposes. Importantly, the sensor chips can be provided with pre-functionalized surface chemistry or as bare biochips suitable for exploring your own chemistry and target molecule detection.

General Electric; Perkin Elmer, Inc.; AMETEK Inc.; F. HOFFMANN-LA ROCHE LTD; Spectris; METTLER TOLEDO; Agilent Technologies, Inc.; Waters Corporation; Sartorius AG; Corning Incorporated are a few leading companies operating in the label free detection market.

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The report segments the label free detection market as follows:

The label free detection market is segmented based on product, technology, application, end user, and geography. Based on product, the market is bifurcated consumables and instruments. Based on technology, the market is segmented into surface plasmon resonance, bio-layer interferometry, differential scanning calorimetry, isothermal titration calorimetry, and other LFD technologies. Based on application, the market is segmented into binding kinetics, binding thermodynamics, hit confirmation, lead generation, endogenous receptor detection, and other applications. Based on end user, the label free detection market is segmented into pharmaceutical & biotechnology companies, academic and research institutes, contract research organizations, other end users. Geographically, the label free detection market is segmented into North America (the US, Canada, and Mexico), Europe (the UK, Germany, France, Italy, Spain, and the Rest of Europe), Asia Pacific (China, Japan, India, Australia, South Korea, and the Rest of Asia Pacific), the Middle East & Africa (the UAE, Saudi Arabia, Africa, and the Rest of Middle East & Africa), and South and Central America (Brazil, Argentina, and the Rest of South and Central America).

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Label Free Detection Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Product (Instruments and Consumables), Technology (Surface Plasmon Resonance, Bio-Layer Interferometry, Isothermal Titration Calorimetry, Differential Scanning Calorimetry, and Other LFD Technologies), Application (Binding Kinetics, Binding Thermodynamics, Endogenous Receptor Detection, Hit Confirmation, Lead Generation, and Other Applications), and End User (Pharmaceutical & Biotechnology Companies, Academic & Research Institutes, Contract Research Organizations, and Other End Users)

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The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

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Fuel Management System Market Trends and Forecast up to 2028

 According to our latest market study on “Fuel Management System Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Component, Function, and End-User,” the market was valued at US$ 1,084.64 million in 2021 and is projected to reach US$ 2,089.56 million by 2028; it is expected to grow at a CAGR of 9.82% from 2021 to 2028.

Fuel management systems are used to keep track of and regulate the volume of fuel used by a fleet. They precisely measure and track gasoline stockpiles, as well as how fuel is supplied. This data is then saved on systems and reported to the management through online portals. As a result, numerous industry vertical stakeholders benefit from enhanced fuel economy and reduced fuel waste. It aids in tracking vehicle maintenance and driver routes data, which may be used to make cost-effective decisions such as creating more efficient driving routes and encouraging better driving behavior, both of which enhance fuel efficiency. These systems can also gather data on drivers filling up their vehicles, build fleet lists, generate reports, manage stocks, keep track of transactions storage, and maintain data tables. Based on these responses, organizations are making data-driven decisions to enhance business operations. Taking advantage of this, several firms have entered the market and are now providing end-to-end solutions for various industrial verticals. For example, Fueltek provides T4000 fuel management system, which works with current gasoline pumps to give consumers total control over fuel delivery. The fueling location's hardware is a Fuel Access Control Terminal, which interfaces with the Fueltek FMO browser-based software, which can be accessed from anywhere with an internet connection. These systems improve fuel efficiency and raise demand for effective fuel management systems.

The expansion of the fuel management system market is driven by the increased need for better fuel management to improve productivity and efficiency across various industry sectors. Furthermore, the rapid growth of e-commerce platforms to provide the best consumer experience has driven the supply and logistics industries to embrace sophisticated IoT technologies. Ford Commercial Solutions announced Ford TelematicsTM in June 2020, a web-based software platform and subscription service that includes GPS tracking and geofencing, and fuel monitor consumption.

The fuel management system market is segmented on the basis of component, function, end-user, and geography. Based on component, the market is segmented into hardware, software, and controller. Based on function, the market is bifurcated into delivery and storage. By end user, the fuel management system market is segmented into mining, construction and ports, transportation & logistics, oil & gas, and others. Geographically, the market is broadly segmented into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South America (SAM). In 2021, North America accounted for the significant share in the global market.

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Impact of COVID-19 Pandemic on Fuel Management System Market

According to the latest report from the World Health Organization (WHO), the US, Spain, Italy, France, Germany, the UK, Russia, Turkey, Brazil, Iran, India and China are among the worst-affected countries due to the COVID-19 pandemic. In 2020, the world economy suffered significant consequences, and the effects are expected to endure to some extent in the coming years. Oil and gas power-generating facilities have reduced activities, such as shutting down construction, operations, and maintenance projects, at several locations, after the issuing of multiple "stay at home" orders by state governors across the world. In the energy industry, the quarantine measures and shutdowns are causing furloughs and layoffs of technical, construction, and manufacturing personnel, and project demobilizations in many cases. As a result, many oil wells are struggling to keep up with maintenance and operations. However, the production of the industrial equipment is anticipated to gain pace from the first quarter of 2022, which is expected to positively influence the industrial equipment manufacturing, including fuel management systems.

A few key players operating in the global fuel management system market are The Triscan Group, OPW Fuel Management Systems, Franklin Fueling Systems, Technotrade, Piusi S.p.a., Guduza System Technologies, Royal Dutch Shell, Petroliam Nasional Berhad, Wayne Fueling Systems LLC, Banlaw, and Orpak Systems Ltd. Several other market players have been analyzed to understand the market.

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Fuel Management System Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Component (Hardware and Software), Function (Delivery and Storage), and End-User (Mining, Construction and Ports, Transportation and Logistics, Oil and Gas, and Others)

About Us:

The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

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