Marine fuel injection system is used to management engine operations in super boats, custom boats, cargo vessels, containers, tankers and so on.
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According to the report, “Marine Fuel Injection System Market, by Power Rating (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), Component (Fuel Injector, Electronic Control Unit (ECU), Fuel Pump, Fuel Valves, Others) Application (Commercial Vessels, Inland Waterways transport vessel, Offshore Support Vessels (OSV) – Global Opportunity Analysis and Industry Forecast”, the market for marine fuel injection system is expected to grow at an impressive rate, due to the increased prevalence of diseases and the rising demand from around the world.
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The fuel injection system comprises of components like fuel injector, fuel pump, fuel valves, pressure regulators and electronic control unit.
Together, the system helps to acquire efficient throttle, enhanced fuel flow, and equal fuel distribution.
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Countries are preparing stringent norms to address the issues pertaining to harmful emissions. The fuel injection systems are reliable, and offer powerful acceleration due to which the market is growth significantly.
This report studies the current and future aspects of marine fuel injection market.
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KEY PREMIUM INDUSTRY INSIGHTS
- The marine fuel injection market is gaining popularity worldwide because of factors like rise in international sea trade, increase in number of shipping industries, and so on. Strict government a regulation regarding marine emissions is also promoting the growth of marine fuel injection market.
- Fuel injectors are exposed to high wear and tear and must be replaced in frequent intervals with an aim to maintain the injection pressure in the marine engines. This is promoting the growth of the marine fuel injection market globally during the forecasted period.
- However, high capital investment for installation and investments for research and development of the fuel injection technology is hampering the market growth.
The marine fuel injection market is divided into five major geographical segments which are North America, Europe, Asia-Pacific, Middle East & Africa and Latin America. Asia-Pacific region holds the highest market share and is the largest revenue contributor of the marine fuel injection market.
The region holds dominance because of the presence of large number of shipbuilding industries. North America and Europe region are also witnessing a fast-paced growth during the forecasted period due to stringent government policies.
Overall the marine fuel injection market is bound to increase globally during the forecasted period.
KEY MARKET PLAYERS
Key players in the marine fuel injection system market include:
- Cummins Inc.
- Liebherr International AG
- Robert Bosch GmbH
- Rolls-Royce Holding PLC
- Caterpillar Inc
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