Marine Fuel Injection System Market

The report "Marine Fuel Injection System Market by Application (Inland Waterways, Commercial Vessels and Offshore Support Vessels), by Component (Fuel Injector, Fuel Valves, Fuel Pump and Others), by HP Range and by Region - Trend and Forecasts to 2021", The marine fuel injection market is expected to grow from an estimated USD 4.30 Billion in 2016 to USD 5.20 Billion by 2021, at a CAGR of 3.9% from the 2016 to 2021. Growth of the shipbuilding industry, increase in international sea trade, and stringent marine emission would drive the market for marine fuel injection.

Browse 74 market data tables with 56 figures spread through 148 pages and in-depth TOC on "Marine Fuel Injection System Market by Application (Inland Waterways, Commercial Vessels and Offshore Support Vessels), by Component (Fuel Injector, Fuel Valves, Fuel Pump and Others), by HP Range and by Region - Trend and Forecasts to 2021"
https://www.marketsandmarkets.com/Market-Reports/marine-fuel-injection-system-market-78212165.html
Early buyers will receive 10% customization on reports.

Commercial vessel application to dominate the marine fuel injection market during the forecast period

Marine fuel injection systems have been categorized into three applications, namely, commercial vessels, inland waterways, and offshore support vessels. Commercial vessel application held around more than half of the marine fuel injection market share in 2015. Commercial vessels include containership, cargo vessel, tanker, and bulker among others. Growth in sea borne trade would eventually increase the number of vessels used for trading goods across countries. This drives the market for marine fuel injection for commercial applications. Majority of commercial vessels are built in China, South Korea, and Japan; thus the demand for marine fuel injection systems will be high in these countries.

Fuel injector component to hold the major share of the marine fuel injection market during the forecast period

On the basis of component, the marine fuel injection market has been segmented into fuel injector, fuel pump, fuel valves, Electronic Control Unit (ECU), and others. The fuel injector segment dominated the market, followed by ECU and other components. Fuel injectors undergo high amount of wear tear, due to which they have limited life. They have to be replaced in order to maintain the required injection pressure in the engine. Therefore, the market for marine fuel injector components is expected to grow at the highest CAGR during the forecast period.

Asia-Pacific would see the highest growth for the marine fuel injection market

The report covers five regions, namely, Asia-Pacific, Europe, the Middle East & Africa, North America, and South America. The Asia-Pacific region is expected to witness high growth to demand marine fuel injection from 2016 to 2021. Moreover, increase in the commercial vessel and inland waterways vessel order book would drive the marine fuel injection market.

The report also provides an in-depth understanding of the competitive landscape, along with profiles of the leading marine fuel injection market players such as Cummins Inc. (U.S.), Liebherr International AG (Switzerland), Robert Bosch GmbH (Germany), Rolls-Royce Holding PLC. (U.K.), and Caterpillar Inc. (U.S.) Dominant players are trying to penetrate the emerging economies and are adopting various methods, such as signing contracts and agreements, expansions, mergers and acquisitions, and new product launches, to increase their market share.

About MarketsandMarkets

MarketsandMarkets is the world’s No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

Contact:
Mr. Rohan
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India
1-888-600-6441
Email: [email protected]