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.
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).
Get Complete
Report @ https://www.marketresearchfuture.com/reports/marine-fuel-injection-market-861
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