Marine Fuel Management Market Exhibits Ardent Revenue Gains Across Major Geographical Regions during
The study includes drivers and restraints of the global marine fuel management market. It also covers the impact of these drivers and restraints on demand for marine fuel management during the forecast period. The report also highlights opportunities in the marine fuel management market at the global and regional level.
[USPRwire, Wed May 15 2019] A new report titled “Marine Fuel Management Market Exhibits Ardent Revenue Gains Across Major Geographical Regions during 2018-2026” has been included in the enormous research repository of Market Research Reports Search Engine (MRRSE) that compiles various facets of the Marine Fuel Management market at a global level portraying a holistic analysis of the market place along with intelligence on key participants. The report covers an unbiased analysis on various market aspects, emphasizing major trends giving direction to the market, key opportunities paving new growth avenues, key drivers pushing the market’s growth and challenges and restraints hindering the market for Marine Fuel Management across the globe.
Marine fuel management is an approach to measure, monitor, and report fuel usage of vessels/ships/boats. It helps to reduce fuel usage, improve fleet management, reduce emissions, and increase operational efficiency. The cost of marine fuel accounts for 60% to 70% of a vessel’s operating cost. Rise in prices of marine fuel and strict environmental norms have led to a higher focus on energy efficiency and environmental protection.
Implementation of a stringent regulatory framework and legislations related to the minimization of theft of fleets are propelling the demand for marine fuel management. An increase in maritime activities in developed and developing countries has boosted the demand for marine fuel management. Therefore, governments of several countries are encouraging the development and adoption of the latest technologies in the marine fuel management systems market.
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Asia Pacific is estimated to emerge as one of the prominent regions of the global marine fuel management market. Highly environment-conscious Europe is projected to lead the global marine fuel management market in the near future. The global marine fuel management market is anticipated to witness a large number of collaborations between process developers and marine propulsion manufacturers during the next few years.
This report analyzes and forecasts the marine fuel management market at the global and regional level. The market has been forecast based on value (US$ Mn) from 2018 to 2026, considering 2017 as the base year. The study includes drivers and restraints of the global marine fuel management market. It also covers the impact of these drivers and restraints on demand for marine fuel management during the forecast period. The report also highlights opportunities in the marine fuel management market at the global and regional level.
The report includes a detailed value chain analysis, which provides a comprehensive view of the global marine fuel management market. Porter’s Five Forces model for the marine fuel management market has also been included to help understand the competitive landscape. The study encompasses market attractiveness analysis, wherein applications are benchmarked based on their market size, growth rate, and general attractiveness.
The study provides a decisive view of the global marine fuel management market by segmenting it in terms of process, application, and region. Based on application, the marine fuel management market has been bifurcated into onshore and offshore. In terms of process, the marine fuel management market has been classified into measuring, monitoring, reporting, and others. These segments have been analyzed based on present and future trends. Regional segmentation includes current and forecast demand for marine fuel management in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
The report provides size (value) of the marine fuel management market for the base year 2017 and the forecast for the period between 2018 and 2026. Market numbers have been estimated based on process and application of the marine fuel management market. Market value has been provided in terms of global, regional, and country level markets.
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The global marine fuel management market is highly competitive. Leading players dominate the market. Key players operating in the marine fuel management market include Emerson Electric Co., DNV-GL AS, ABB, Siemens AG, and Bergan Blue. Market players have been profiled in terms of attributes such as company overview, financial overview, business strategies, and recent developments.
The global marine fuel management market has been segmented as follows:
Marine Fuel Management Market, by Process
Marine Fuel Management Market, by Application
Marine Fuel Management Market, by Region
Rest of Europe
Rest of Asia Pacific
Middle East & Africa
Rest of Middle East & Africa
Rest of Latin America
In terms of application, the efficiency level segment constitutes a major share of the marine fuel management market
Measuring is a widely used process in marine fuel management, as it is cost effective
Prominent players invest significantly in research & development to differentiate their process as a key strategy to strengthen their market position
Market share of the monitoring segment is estimated to increase in the next few years due to a strong focus on expansion in maritime and shipbuilding activities. The segment is expected to provide lucrative opportunities to the market during the forecast period.
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