The global marine fuel injection system market size is expected to reach USD 6.30 billion by 2027, registering a CAGR of 3.36% over the forecast period, according to a new study conducted by Grand View Research, Inc. Marine fuel injection system is a combination of several components that include injectors, pumps, and valves. These components form a vital part in the entire propulsion system of the ship and are responsible for maintaining the adequate supply of the fuel in the combustion chamber for efficient functioning of the engine.
These
systems require frequent replacements or repairs when used for marine
applications. In addition, the shipbuilding companies are required to abide by
the stringent emission regulations imposed by the government of their
respective nations. Therefore, proper and efficient functioning of these
systems is required to maintain the engine efficiency.
The
product suppliers across the globe are undertaking strategic initiatives to
develop innovative products with better efficiency and enhanced engine
performance. Moreover, growing concern with regards to emission regulation is
also making component suppliers to improvise their product offerings.
Full Research Report On Marine Fuel Injection System Market Visit Here:
https://www.grandviewresearch.com/industry-analysis/marine-fuel-injection-system-market
Marine Fuel
Injection System Market Report Highlights
- A rise in the global
seaborne trade is one of the major factors driving the market growth
- Fuel injector segment is
expected to account for the largest market share during the forecast
period owing to the short lifespan of these components
- Commercial application
segment led the market in 2018 and is expected to maintain its dominance
throughout the forecast years owing to widespread usage of cargo/container
ships
- Asia Pacific is anticipated
to be the largest regional market followed by Europe owing to increasing
demand for personal watercrafts in countries including Australia and China
- The key companies in the
market include Caterpillar, Inc.; Rolls-Royce Plc; Yanmar Co. Ltd.;
Woodward, Inc.; and Liebherr International AG
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Marine Fuel
Injection System Market Segmentation
Grand View Research has segmented
the global marine fuel injection system market on the basis of component,
application, and region:
Marine Fuel
Injection System Component Outlook (Revenue, USD Million, 2016 - 2027)
- Fuel Injector
- Fuel Pump
- Fuel Valve
- Electronic Control Unit
(ECU)
- Others
Marine Fuel
Injection System Application Outlook (Revenue, USD Million, 2016 - 2027)
- Commercial
- Passenger Cruise
- Bulk Carrier &
Container Ships
- Tankers
- Others
- Defense
- Submarines
- Aircraft Carriers
- Destroyers
- Frigates
Marine Fuel
Injection System Regional Outlook (Revenue, USD Million, 2016 - 2027)
- North America
- U.S.
- Canada
- Europe
- U.K.
- Germany
- France
- Asia Pacific
- China
- India
- Japan
- Latin America
- Brazil
- Mexico
- Middle East & Africa
About Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
For more info visit @ https://www.grandviewresearch.com
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