Global Marine Fuel Management Market 2019 : Details - Process, Application
Press Release – 23
Jan 2019
Research
and Development News
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Latest
Update
"Marine Fuel Management Market - Global Industry Analysis, Size,
Share, Growth, Trends, and Forecast 2018 - 2026"
with Industries Survey | Global Current Growth and Future.
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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.
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.
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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.
“Crude
Oil to Make an Impact on Marine Fuel Management Market”
The global
marine fuel management market is estimated to expand at a rapid pace,
driven by rise in fuel oil prices and stringent regulations imposed
against vessel emissions and fuel usage. Under the MARPOL Protocol
(1997), Sulphur Emission Control Areas (SECAs) or Emission Control
Areas (ECAs) are defined, which were established to minimize marine
vessel emissions. Amendments were made to this regulation in 2010.
“Emerging
Economies Dominating the Marine Fuel Management Market”
In terms of
revenue, Europe and Asia Pacific are the leading regions of the
marine fuel management market. Globally, oil and gas prices are
expected to rise at a moderate pace. The Asia Pacific region is
expected to exhibit highest growth of more than 4% CAGR for the
forecast period. This trend is likely to be followed by the Middle
East & African region during the forecast period.
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.
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The
global marine fuel management market was valued at approximately US$
4.0 Bn in 2016 and is projected to expand at a CAGR of over 4.0% from
2017 to 2025
The global marine fuel management market is primarily driven by the increase in demand for marine fuel in vessels and fleets. The operating cost of vessel mainly depends upon the marine fuel cost. High prices of fuel oil have led to the need for efficient management of marine fuel. Thus, rise in prices of marine fuel oil is expected to propel demand for marine fuel management systems. Strict laws against the consumption of natural resources such as crude oil have compelled fleet owners to use of marine fuel oil conservatively.
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.
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
- Measuring
- Monitoring
- Reporting
- Others
Marine Fuel Management Market, by Application
- Fuel Consumption
- Efficiency Level
- Fleet Management
- Viscosity Control
- Others
Continue.....
– More
Clear Details get Full Table of Contents_
https://www.researchmoz.us/marine-fuel-management-market-global-industry-analysis-size-share-growth-trends-and-forecast-2018-2026-report.html/toc
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