About Marine Measurement and Analytical Solutions
Marine measurement and analytical solutions consist of component equipment, service, and software that are used in the marine industry extensively for the proper operation. These components ensure the proper equipment testing and monitoring in case of shipbuilding or transportation of any kind of machinery. These marine solutions for measurement and analytics help in regulating teh flow, pressure, and level and provide the real rime data analytics of the operation. It also ensures the required action is taken in case of any downtime and performance problems.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
ABB Ltd. (Switzerland), Emerson Electric Co. (United States), AVK Holding A/S (Denmark), Christian Bürkert GmbH & Co. KG (Germany), KITZ Corporation (Japan), Tyco International plc (Ireland), Honeywell (United States), Siemens AG (Germany), Watts Water Technologies (United States), SKF B.V., (Netherlands) and Kam Controls (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Marine Measurement and Analytical Solutions market by , Application (Commercial, Residential and Industrial) and Region.
On the basis of geography, the market of Marine Measurement and Analytical Solutions has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Components, the sub-segment i.e. Hardware will boost the Marine Measurement and Analytical Solutions market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Function, the sub-segment i.e. Pressure Measurement will boost the Marine Measurement and Analytical Solutions market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Service, the sub-segment i.e. Consulting will boost the Marine Measurement and Analytical Solutions market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Rising Use of Software for Providing Marine Measurement and Analytical Solutions to the Industry as it Automates the Process
Market Growth Drivers:
Growing Marine and Sea Industry Worldwide and Demand for Managing the Operations in Marine Setting Related to Equipment and Services for Efficiency and Productivity
Challenges:
Technical Problems with the Equipment and Online Services in Marine Measurement and Analytical Solutions
Restraints:
Stringent Regulatory Standards on the Marine Measurement and Analytical Solutions
Opportunities:
Surging Marine Activities Requirement for the Insights in the Management of Marine Operation will Boost the Marine Measurement and Analytical Solutions Market
Market Leaders and their expansionary development strategies
In January 2024, ABB has acquired the shipping business of DTN Europe BV and DTN Philippines Inc. (hereinafter DTN Shipping), expanding the company’s offering in maritime software. This will establish ABB as one of the market leaders in ship route optimization. The acquisition of the DTN Shipping portfolio covers vessel routing software, including analytics, reporting, and modelling applications.
On 27th January 2020, Emerson has released the new portfolio of RXi industrial display and panel PC products for monitoring, visualizing, and enhancing everyday production processes in life sciences, metals and mining, power and water, and manufacturing and machinery. A modular design is foundational to the industrial display platform, enabling users to select the right configuration based on application needs and minimizing lifecycle cost through flexibility, easy serviceability, and field upgradeability.
Key Target Audience
Marine Measurement and Analytical Solutions Provider, Marine Measurement and Analytical Solutions Industry Association, Research and Development Institutes, Potential Investors, Regulatory Bodies and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.