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Global Marine Fuel Management Market is expected to reach US$ 5.7 Bn by 2026 from US$ 3.9 Bn in 2017 at a CAGR of 4.21%.
Global Marine Fuel Management Market
Global Marine Fuel Management Market is a method to measure Tuukka Rask Jersey Youth , monitor, and report fuel usage of vessels, ships, and boats in order to analyze fuel usage, improve transportation management Patrice Bergeron Jersey Youth , decrease emissions, and increase operational efficiency. Marine fuel management systems help in providing precise data about the amount of fuel oil used during combustion at any specific vessel speed or engine rpm. Ship鈥檚 crew can continuously measure and monitor the fuel. Constant measuring system assists in measuring fuel combustion rate or the quantity of fuel required by an engine at a particular rpm in an hour or in one full day. Prime functions of Marine Fuel Management Market include protection against fluctuations and shortages in fuel supply, fuel purchases in bulk quantity, closer visibility and control of fuelling costs, reduced fuel theft through higher visibility Brett Ritchie Jersey Womens , and increasing vessel efficiency.
Marine Fuel Management Market is segmented into process and application. In process segment, measuring segment has a major share in the global market during the forecast period. Monitoring segment is projected to increase rapidly due to the growing adoption rate of monitoring function in Marine Fuel Management Market.
In terms of the application segment, fleet management segment has emerged as the leading application area and is expected to maintain its lead throughout the forecast period. Development of this segment is derived by substantial demand for consistent fleet fuel management solutions to cut down on fuel costs and increase operational performance of fleets.
By region, the Marine Fuel Management Market is segmented into the Asia Pacific, North America Jake DeBrusk Jersey Womens , Europe, the Middle East & Africa, and Latin America. Asia Pacific region largest market share for marine fuel management market in 2017. The dominance of the market is mainly credited to growing shipbuilding activities and additional old marine fuel management systems with advanced ones.
North America is followed by the Asia Pacific in terms of the revenue-generating region in the Marine Fuel Management Market and accounted for around xx% share of the total market in 2017. Fleet management and fuel consumption, together accounted for about xx% of the total market in 2015, with the former constituting around xx%. The fleet management application area is expected to grow at a faster rate of xx% during the forecast period. The Marine Fuel Management Market is driven by factors such as increasing government regulations with respect to air emissions & other discharges Charlie McAvoy Jersey Womens , and innovation in fuel management technology.
Key player鈥檚 studies, analyzed, profiled and benchmarked in Marine Fuel Management Market are ABB, Aquametro AG, Banlaw Systems Ltd. Torey Krug Jersey Womens , Bergan Blue, BMT Group, DNV-GL AS, Emerson, Endress+Hauser Management AG David Krejci Jersey Womens , Eniram, Interschalt Marine Systems GmbH, Kaminco, Krill Systems, Inc. Danton Heinen Jersey Womens , Marorka, Mustang Technologies, Nautical Control LP, and Siemens AG.
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