Marine Fuel Optimization Market To Rise At 4.25% CAGR during forecast period of 2019 to 2023, according to Global Marine Fuel Optimization Market 2019 Industry Report published by “Market Research Future”.
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For this study, the global Marine Fuel Optimization Market is segmented by Process (Measuring, Monitoring and Reporting), By Application (Fuel Consumption, Efficiency Level, Fleet Management, Cross Fleet Standardization and Others (Delivery Verification and Shore Side Reporting)), By Technology (Throttle Optimization, Fuel Theft Detection , Tank Levels & R.O.B, Bunker & Fuel Transfers and Others (Cross-Fleet Standardization, Shore-Side Reporting, Vessel Tracking)) by Region (North America, Europe, Asia-Pacific and Rest of World) – Global Forecast to 2023.
The key players in the global Marine Fuel Optimization markets include:
DNV-GL AS (Norway), ABB, Ltd. (Switzerland), Siemens AG (Germany), Eniram Oy (Finland), Krill Systems (U.S), Nautical Control Solutions, LP (U.S), Bergan Blue (U.S), Banlaw Systems (Europe) Ltd (U.K), The Emerson Electric Company (U.S), and Interschalt Maritime Systems GmbH (Germany).
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Global Marine Fuel Optimization Market Overview:
Global marine fuel optimization market is one of the fastest growing markets owing to the increased application marine sector by providing the accurate amount of fuel oil burnt for vessel. The market is driven by various factors such as stringent government regulations to curb carbon emission at sea level and reduce fuel usage and improve operational efficiency. However, marine fuel optimization market has a major restraint that can hinder the growth of the market such as the decline in global oil price.
A marine fuel optimization system allows the ship owner to monitor, measure, and display the exact amount of fuel oil used by the ship. Fuel optimization system not only provides the amount of fuel used but also gives additional data related to fuel usage. Marine fuel optimization systems provide statistical information on various other parameters such as the amount of fuel used by specific engine or generator while travelling at sea or at port. They also help compare fuel usage between voyages, and the amount of fuel used by particular crew. Besides providing a detailed analysis of all fuel oil using systems on board a ship, they allow the ship’s crew to track each and every drop of fuel oil. This reduces fuel consumption, thus improving overall efficiency.
Market Segments Analysis:
The scope of the study segments the global marine fuel optimization market by technology, by process, by application, and by regions.
Global Marine fuel optimization Market, By Technology:
Throttle Optimization
Fuel Theft Detection
Tank Levels and R.O.B.
Bunker & Fuel Transfers
Others (Cross-Fleet Standardization, Shore-Side Reporting, Vessel Tracking)
Global Marine fuel optimization Market, By Process:
Measuring
Monitoring
Reporting
Global Marine fuel optimization Market, By Application:
Fuel Consumption
Efficiency Level
Fleet Management
Cross Fleet Standardization
Others (Delivery Verification and Shore Side Reporting)
Regional Overview:
On the basis of geography, the global market for marine fuel management is classified as Europe, North America, Asia Pacific, and Rest of the World. With a share of more than 40%, Asia Pacific led the global market, in 2016. Owing to the increase in shipbuilding activities, flag conversions, and the replacement of old vessels with new marine fuel optimization systems, Asia Pacific is likely to emerge as a highly attractive market for marine fuel optimization over the forthcoming years, maintaining its dominance over the global market.
Europe, being the global center for suppliers and traders of shipping and bunker fuel, has been providing good opportunities to marine fuel optimization system manufacturers. Analysts expect the Europe marine fuel management market to retain the second position in the years to come.
The market in North America, on the other hand, will witness a slowdown in the near future as it approaches maturity. The marine fuel optimization markets in Latin America and Middle East & Africa are exhibiting great potential for future growth, due to the increase in exploration activities in these regions.
TABLE OF CONTENTS:
1 EXECUTIVE SUMMARY
2 SCOPE OF THE REPORT
2.1 MARKET DEFINITION
2.2 SCOPE OF THE STUDY
2.2.1 RESEARCH OBJECTIVES
2.2.2 ASSUMPTIONS & LIMITATIONS
2.3 MARKETS STRUCTURE
3 MARKET RESEARCH METHODOLOGY
3.1 RESEARCH PROCESS
3.2 SECONDARY RESEARCH
3.3 PRIMARY RESEARCH
3.4 FORECAST MODEL
4 MARKET LANDSCAPE
4.1 FIVE FORCES ANALYSIS
4.1.1 THREAT OF NEW ENTRANTS
4.1.2 BARGAINING POWER OF BUYERS
4.1.3 BARGAINING POWER OF SUPPLIERS
4.1.4 THREAT OF SUBSTITUTES
4.1.5 SEGMENT RIVALRY
4.2 VALUE CHAIN/SUPPLY CHAIN OF GLOBAL MARINE FUEL OPTIMIZATION MARKET
5 INDUSTRY OVERVIEW OF GLOBAL MARINE FUEL OPTIMIZATION MARKET
5.1 INTRODUCTION
5.2 GROWTH DRIVERS
5.3 IMPACT ANALYSIS
5.4 MARKET CHALLENGES
Continued…
LIST OF TABLES:
TABLE 1 GLOBAL MARINE FUEL OPTIMIZATION MARKET: BY REGION, 2017-2023
TABLE 2 NORTH AMERICA MARINE FUEL OPTIMIZATION MARKET: BY COUNTRY, 2017-2023
TABLE 3 EUROPE MARINE FUEL OPTIMIZATION MARKET: BY COUNTRY, 2017-2023
TABLE 4 ASIA PACIFIC MARINE FUEL OPTIMIZATION MARKET: BY COUNTRY, 2017-2023
TABLE 5 MIDDLE EAST & AFRICA MARINE FUEL OPTIMIZATION MARKET: BY COUNTRY, 2017-2023
TABLE 6 LATIN AMERICA MARINE FUEL OPTIMIZATION MARKET: BY COUNTRY, 2017-2023
Continued…
LIST OF FIGURES:
FIGURE 1 GLOBAL MARINE FUEL OPTIMIZATION MARKET SEGMENTATION
FIGURE 2 FORECAST METHODOLOGY
FIGURE 3 FIVE FORCES ANALYSIS OF GLOBAL MARINE FUEL OPTIMIZATION MARKET
FIGURE 4 VALUE CHAIN OF GLOBAL MARINE FUEL OPTIMIZATION MARKET
FIGURE 5 SHARE OF GLOBAL MARINE FUEL OPTIMIZATION MARKET IN 2017, BY COUNTRY (IN %)
FIGURE 6 GLOBAL MARINE FUEL OPTIMIZATION MARKET, 2017-2023,
FIGURE 7 SUB SEGMENTS OF COMPONENT
FIGURE 8 GLOBAL MARINE FUEL OPTIMIZATION MARKET SIZE BY COMPONENT, 2017
Continued…
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Source: MarketersMedia
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