The global marine fuel injection market is expected to reach USD 5.20 Billion by 2021, at a CAGR of 3.9% from 2016 to 2021. The growth is attributed to increase in international seaborne trade, growth of the shipbuilding industry, and stringent marine emission regulations across the globe. Moreover, stringent emission norms imposed by International Maritime Organization would also boost the demand for new marine fuel injection.
Fuel injection system is a collective term used for fuel injector, fuel pump, fuel valves, Electronic Control Unit (ECU), and other components such as fuel rail and fuel pressure regulators. The marine fuel injection is used to attain faster throttle response, better fuel flow, precise control of exhaust system, and equal distribution of fuel. With marine emission norms getting stringent, the demand for new fuel injection systems is also increasing. In addition, the advent of the electronic fuel injection technology is also driving the market for marine fuel injection.
Complete report on Marine Fuel Injection Market spread across 148 pages, profiling 10 companies and supported with 74 tables and 56 figures is now available at http://www.rnrmarketresearch.com/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-tr-ts-to-2021-market-report.html
“Commercial vessel application, the largest marine fuel injection market during the forecast period”
Commercial vessel applications have the most powerful and high capacity marine engines compared to other applications. With rise in international sea borne trade, the demand for commercial vessels is increasing, driving the marine fuel injection market. Meanwhile, as China, South Korea, Japan, and Indonesia are the major manufacturing countries of commercial vessels; the demand for fuel injection systems is more in these countries.
“Asia-Pacific to dominate the marine fuel injection market by 2021”
The growth of the shipbuilding industry is a major driver of the marine fuel injection market. More than 60% of global shipbuilding activities is carried out in China, Japan, and South Korea. Further, countries such as the Philippines, Vietnam, Taiwan, and India also have a growing shipbuilding industry. As the shipbuilding industry is concentrated in Asia-Pacific, the demand for marine engines and fuel injection systems is highest in this region. Additionally, European offshore companies are shifting towards Chinese manufacturers, given the need for cost-efficiency. These factors are driving the market for marine fuel injection in Asia-Pacific.
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- The report identifies and addresses key markets for marine fuel injection, which is useful for suppliers and OEMs to review production and distribution plans
- The report includes analysis for key countries by application of marine fuel injection, namely, commercial vessels, offshore support vessels, and inland waterways. It analyzes historical trends and forecasts for 2021, assisting in strategic decision making.
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