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.
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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