Global Marine Fuel Management Market to Reach Over US$ 6.0 Billion by 2025
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, according to a new report published by Transparency Market Research (TMR) titled ‘Marine Fuel Mana
(EMAILWIRE.COM, October 10, 2018 ) 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, according to a new report published by Transparency Market Research (TMR) titled ‘Marine Fuel Management Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2017–2025’” The report interprets that stringent regulations regarding marine vessel emissions and usage and rise in prices of marine fuel are likely to boost expansion of the marine fuel management market in the coming years (2017 to 2025). Asia Pacific and Europe account for a dominant share of global marine fuel management market. Increase in marine fleet size and heavy ship movements on Asia Pacific ports are likely to drive the marine fuel management market in Asia Pacific. The market in the region is projected to expand at a CAGR of around 4.5% during the forecast period.
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Fleet Management to Offer Lucrative Opportunities
In terms of application, the efficiency level segment is projected to hold a dominant share of global marine fuel management market during the forecast period. The segment is likely to expand at CAGR of around 4% from 2017 to 2025. The fleet management segment is projected to expand at a CAGR of approximately 4.5% during the forecast period. Ten year down the line, fleet owners are expected to concentrate on fuel management, vessel maintenance, driver management, equipment maintenance, vessel safety & compliance, and operational efficiency. This rising awareness among the fleet owners due to increase in the marine fuel prices and strict emission laws are expected to propel the fleet management segment.
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Asia Pacific to Record Escalating Expansion
On account of marine fuel trading activities, fleet sizes, port activities, and marine fuel consumption, Asia Pacific and Europe are the leading regions of the global marine fuel management market in 2016. Asia Pacific is a rapidly expanding region of the market. Economies such as China and Singapore witness substantial movement of merchant vessels. They have been investing substantially in navigation automation, MFM systems, dynamic positioning of vessels, ballast water management, fuel consumption meters, density and viscosity meters. Increase in shipbuilding, flag conversions, and vessel software upgrades as per the requirements of IMO activities are the major factors boosting the marine fuel management market in these regions.
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Companiessuch as ABB, Emerson, Krill Systems, Inc., and Siemens AG are Prominent Players in the Global Marine Fuel Management Market
The report also provide profiles of leading players operating in global marine fuel management market including ABB, Aquametro AG, Banlaw Systems Ltd., Bergan Blue, BMT Group, DNV-GL AS, Emerson, Endress+Hauser Management AG, Eniram, Interschalt Marine Systems GmbH, Kaminco, Krill Systems, Inc., Marorka, Mustang Technologies, Nautical Control LP, and Siemens AG. Geographical expansion of resources and facilities is one of the key strategy adopted by major players, and new product developments and relationship management are the few approaches followed by other key players.
Request Sample Report @ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=12320
Fleet Management to Offer Lucrative Opportunities
In terms of application, the efficiency level segment is projected to hold a dominant share of global marine fuel management market during the forecast period. The segment is likely to expand at CAGR of around 4% from 2017 to 2025. The fleet management segment is projected to expand at a CAGR of approximately 4.5% during the forecast period. Ten year down the line, fleet owners are expected to concentrate on fuel management, vessel maintenance, driver management, equipment maintenance, vessel safety & compliance, and operational efficiency. This rising awareness among the fleet owners due to increase in the marine fuel prices and strict emission laws are expected to propel the fleet management segment.
Request Brochure @ https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=12320
Asia Pacific to Record Escalating Expansion
On account of marine fuel trading activities, fleet sizes, port activities, and marine fuel consumption, Asia Pacific and Europe are the leading regions of the global marine fuel management market in 2016. Asia Pacific is a rapidly expanding region of the market. Economies such as China and Singapore witness substantial movement of merchant vessels. They have been investing substantially in navigation automation, MFM systems, dynamic positioning of vessels, ballast water management, fuel consumption meters, density and viscosity meters. Increase in shipbuilding, flag conversions, and vessel software upgrades as per the requirements of IMO activities are the major factors boosting the marine fuel management market in these regions.
Request Customization @ https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=12320
Companiessuch as ABB, Emerson, Krill Systems, Inc., and Siemens AG are Prominent Players in the Global Marine Fuel Management Market
The report also provide profiles of leading players operating in global marine fuel management market including ABB, Aquametro AG, Banlaw Systems Ltd., Bergan Blue, BMT Group, DNV-GL AS, Emerson, Endress+Hauser Management AG, Eniram, Interschalt Marine Systems GmbH, Kaminco, Krill Systems, Inc., Marorka, Mustang Technologies, Nautical Control LP, and Siemens AG. Geographical expansion of resources and facilities is one of the key strategy adopted by major players, and new product developments and relationship management are the few approaches followed by other key players.
Contact Information:
Transparency Market Research
Ganesh Rajput
Tel: 15186181030
Email us
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Transparency Market Research
Ganesh Rajput
Tel: 15186181030
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results