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Fuel level sensors are used to monitor fuel levels in fuel tanks of various kinds of vehicles, locomotives, ships, vessels etc. It can also be used to monitor the fuel of static heavy equipment’s such as generators and gas station tanks. Soaring fuel prices are forcing fleet owners and asset managers to adopt fuel monitoring solutions that help reduce fuel-related costs.
Fuel is one of the most expensive expenses in any asset intensive industry. On an average, the operational costs attributed to fuel can be anywhere between 60-80 % depending upon the type of industry. For efficient asset management, asset owners must cover the extra mile to improve their business efficiency and cut fuel costs.
For any rental business equipment’s are not just costly but also are a direct source of their revenue. Hence it has become more and more important for them to gather data about their equipment availability and usage to improve their asset uptime, longevity, and performance.