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.
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.
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The market has been segmented into -
On the basis of Application
• Commercial Vessels
• Inland Waterways transport vessel
• Offshore Support Vessels (OSV)
On the basis of Power Rating (HP Range)
• 0 HP–2,000 HP
• 2,000 HP–10,000 HP
• 10,000 HP–20,000 HP
• 20,000HP–50,000 HP
• 50,000 HP–80,000 HP
• Above 80,000 HP
(Above ranges define the total engine capacity of a vessel/ship)
On the basis of Component
• Fuel Injector
• Electronic Control Unit (ECU)
• Fuel Pump
• Fuel Valves
• Others
On the basis of Region
• Asia-Pacific
• Europe
• North America
• South America
• Middle East & Africa
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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.
The stakeholders for this report are:
• Fuel injection component manufacturers
• Automotive fuel injection manufacturers
• Marine engine manufacturers
• Government and research organizations
• Consulting companies in the marine sector
• Marine engine manufacturers associations
• Environmental associations
• Investment banks
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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.
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