Market Research Future (MRFR) has
published a research report about the global marine fuel injection market that
foresees gains for this market at 4.50% CAGR (Compound Annual Growth Rate)
during the forecast period between 2017 and 2024. The
primary factors responsible for the global marine fuel injection market growth
include growing shipbuilding industry, growing international seaborne trade,
advanced fuel injection system, increase in global maritime trade and tourism,
and rise in seaborne trade. Both developed countries, as well as developing
countries, are realizing the strategic importance of not only building but also
maintaining robust ships with the latest technologies which are contributing to
the market growth.
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The purpose of the marine fuel
injection system is to provide an adequate amount of fuel to the engine
cylinder at the right time. During the process, the system monitors the
injection of fuel inside the engine and ensures the right amount of the fuel in
the combustion chamber at the right combustion situation for the highest
combustion efficiency.
Segmentation
The global marine fuel injection
market can be segmented into application, component, horsepower (HP, also known
as engine power) range, and lastly, region. Based on application, this market
has been segmented into commercial vessels and inland waterways. The
component-based segmentation has segmented this market into fuel injector, fuel
pump, and fuel valves.
In the context of HP range, the
market has been segmented on the basis of
up to 2,000 HP, 2,001-10,000 HP, 10,001-20,000 HP, 20,001-50,000 HP,
50,001-80,000 HP, and above 80,000 HP.
Regional
Outlook
The regional segmentation of the
global marine
fuel injection market can segment the market into the regional markets
known as Asia Pacific, Europe, North America, South America, and the Middle
East & Africa (MEA).
In the Asia Pacific region, the
market can grow during the forecast period due to the rising seaborne trade in
the countries, such as China, India, and South Korea. The governments of many
countries in this region have introduced regulatory norms regarding maritime
safety to prevent water pollution by ships. Many norms are helpful for market
growth. Bangladesh is another small but significant country-specific market in
this region. Due to advanced technology, another important country-specific
market in this region is Japan, followed by the remaining countries of the Asia
Pacific region.
North America is an important
regional market due to technological advancement and the presence of key market
players in developed countries like USA and Canada. Mexico is the third largest
country-specific market in this region.
Key
Players
The key players in the global
marine fuel injection market include Caterpillar Inc. (USA), Cummins Inc.
(USA), Delphi Automotive PLC (Ireland), Denso Corporation (Japan), Liebherr
International AG (Switzerland), MAN SE (Germany), Robert Bosch GmbH (Germany),
Rolls-Royce Holding PLC (UK), Woodward (USA), and Yanmar (Japan).
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Complete Report @ https://www.marketresearchfuture.com/reports/marine-fuel-injection-market-861
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