About Marine Fuel Pump
The output parameters of a marine diesel engine are determined by the marine fuel pump, which is an important part of a ship. As a result, the engine has sufficient automation as well as optimum fuel injection timing. The volume and timing of fuel injection into an engine's cylinder are regulated by a Marine Fuel Pump. Every manufacturer has a different spring configuration for their Marine Fuel Pump. A Marine Fuel Pump is dependent on the position of the cam and camshaft in order to deliver a certain amount of fuel to all cylinders at the correct time based on the firing order, regardless of the load.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The global market is highly competitive and consists of a limited number of providers who compete with each other. The intense competition, changing consumer spending patterns, demographic trends, and frequent changes in consumer preferences pose significant opportunities for market growth. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Marine Fuel Pump market throughout the forecasted period. 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.
Woodward Inc. (United States), Cummins Inc. (United States), Yanmar Co. Ltd. (Japan), Rolls-Royce Holdings Plc. (United Kingdom), Liebherr International Ag (Switzerland), Caterpillar Inc. (United States), Man Se (Germany), Robert Bosch Gmbh (Germany), Delphi Automotive Plc. (United States) and Denso Corporation (Japan) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Marine Fuel Pump market by Type (Jerk and Common rail injection), Application (Inland Waterways, Commercial Vessels (General cargo ships, Others (Bulk carriers, container ships, Auto carriers, Tankers, Oil industry vessels, Ferryboats, Barges, Tow and tug boats.), Personal Watercraft (Jet Ski)), Offshore Support Ships, Fishing Vessels and Passenger Ships) and Region.
On the basis of geography, the market of Marine Fuel Pump 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 Power Rating, the sub-segment i.e. 0 2000 HP will boost the Marine Fuel Pump market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Innovation in Marine Fuel Pump By key Manufacturers
Market Growth Drivers:
Growth of the Shipbuilding Industry and Increase in Global Maritime Trade & Tourism
Challenges:
High Procurement Cost of New Marine Fuel Pump Unit
Restraints:
Fluctuating Price of Raw Materials
Opportunities:
Advanced Configurations of Marine Fuel Pumps Introduced by Manufacturer and Increasing Fleet of Cruise Vessels
Market Leaders and their expansionary development strategies
In January 2024, ITT Inc. has announced the completion of its acquisition of Svanehψj Group A/S (Svanehψj), a supplier of pumps and related aftermarket services with leading positions in cryogenic applications for the marine sector. The acquisition will be integrated into ITTs Industrial Process segment, a global flow leader focused on highly engineered pumps, valves and aftermarket services.
In September 2022 Denmarks Svanehoj has launched new fuel pump for LNG-powered vessels. With the launch of the new pump design for LNG, Svanehoj becomes the first supplier on the marine market to offer both deepwell pumps and submerged pumps for electric fuel systems.
Key Target Audience
Marine fuel pump manufacturers, Automotive fuel injection manufacturers, Marine engine manufacturers, Government and research organizations, Consulting companies in the marine sector, Marine engine manufacturers associations, Environmental associations and Investment banks
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.