Global Marine Fuel Management Market Forecasts 2020-2027
Posted by Kavita on November 13th, 2020
Bharat Book Bureau Provides the Trending Market Research Report on “Global Marine Fuel Management Market Size study, By Process (Measuring, Monitoring, Reporting, Throttle Optimization, Fuel Theft Detection, and Tank Level), By Application (Fuel Consumption, Efficiency Level, Fleet Management, Viscosity Control, Shore Side Reporting, Cross Fleet Standardization, and Cargo Delivery Verification), and Regional Forecasts 2020-2027” under Heavy Industry Category. The report offers a collection of superior market research, market analysis competitive intelligence and Market reports.
Marine Fuel Management Market is a method for calculating, tracking and reporting the fuel consumption of vessels, ships and boats in order to assess fuel consumption, improve transport management, minimize emissions and increase operating efficiency.
Prime functions of the Marine Fuel Management Market include protection against fuel supply volatility and shortages, bulk fuel purchases, improved visibility and fuel cost control, reduced fuel theft by increased visibility, and increased vessel performance. Implementation of a strict regulatory system and regulations related to the minimization of fleet theft boosts the market for marine fuel management.
Increased maritime activities in developed and developing countries have increased demand for marine fuel management. Governments in many countries are also promoting the production and implementation of the new technologies in the market for marine fuel management systems. The International Maritime Organization (IMO) of the United Nations has set new rules banning ships from using fuels with a Sulphur content of more than 0.5 per cent as of 1 January 2020. The current allowable amount is 3.5% unless vessels are fitted with scrubbers to clean up Sulphur pollution.
This is expected to boost demand for marine fuel management in the shipping industry in areas such as Norway, China, Singapore, and the United States. The globalization of the shipping industry has changed many aspects, such as the global flow of goods / cargo, the unification of marine fuel quality to minimize harmful emissions, the standardization of cost per ship (operating cost) and technical developments in marine fuel management technologies.
The global market for marine fuel management is expected to experience a significant number of partnerships between process developers and marine propulsion manufacturers over the next few years.
Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
Furthermore, years considered for the study are as follows:
Historical year – 2017, 2018
Target Audience of the Global Marine Fuel Management Market in Market Study:
Key Consulting Companies & Advisors
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arket Study, Market Trends & Analysis, Forecasts Customized Intelligence, Newsletters and Online Data bases. Overall a comprehensive coverage of major industries with a further segmentation of 100+ subsectors.
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About the AuthorKavita
Joined: June 10th, 2019
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