About Marine Fuel Management
Marine fuel management is a multi-level method for measuring, monitoring, and reporting fuel consumption on a boat or ship with the purpose of minimizing fuel consumption, improving operating efficiency, and improving fleet management. There is no operational baseline from which to compare any fuel conservation instrument or activity unless there is a comprehensive understanding of how fuel is used. There is no way to know if conservation initiatives are effective without establishing a baseline.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The demand for Marine Fuel Management System is increasing with each passing day as Marine Fuel Prices are Rising. The businesses in this industry facing major competition on a global scale with leading players of the market who hold a major market share. The Leading Players are engaged in organic and non-organic strategic global expansion to maintain their Market Position. Analyst at AMA Research estimates that Switzerland Manufacturers will contribute the maximum growth to Global Marine Fuel Management 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.
Siemens (Germany), ABB (Switzerland), Emerson Electric (United States), DNV (Norway), Endress+Hauser Group (Switzerland), Eniram (Finland), BMT Group (United Kingdom), Equatorial Marine Fuel Management Services (Singapore), Aquametro Oil & Marine (Switzerland) and Shell (Netherlands) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Hoppe Marine (Germany), ExxonMobil (United States) and AW-Lake (United States).
Segmentation Overview
AMA Research has segmented the market of Global Marine Fuel Management market by , Application (Fuel Consumption, Efficiency Level, Fleet Management, Viscosity Control and Others) and Region.
On the basis of geography, the market of Marine Fuel Management 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 Vessel, the sub-segment i.e. Large Sized Vessel will boost the Marine Fuel Management market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Process, the sub-segment i.e. Measuring will boost the Marine Fuel Management market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Location, the sub-segment i.e. On-Site will boost the Marine Fuel Management market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
A Single Fuel Card Can Manage Mixed Fleets and Vehicle Types and Rapid Development of Telematics Helps to Reduce Idling- Biggest Fuel Waster
Market Growth Drivers:
Rapid Rise in Marine Fuel Prices and Increase in Government Intervention in Pollution Created by World Shipping Fleet’s
Challenges:
Some Fleets Dispensing Methods can be Challenging
Restraints:
Inadequate Tracking for Governmental Regulations and Environmental Protection Program
Opportunities:
Automatic Manual Transmission Provide an Optimal Blend of Fuel Economy and Performance and Drivers will Regularly Receive Fuel Management Performance Metrics using Gamification Apps
Market Leaders and their expansionary development strategies
In December 2022, Majors Management, LLC, and its affiliates of Lawrenceville, GA, a recognized retail petroleum industry leader, announces the successful acquisition of the Maritime Farms convenience stores of Maritime Energy ("Maritime"). With 13 convenience locations with full delis located in Midcoast Maine, the acquisition represents Majors' first entry into the State of Maine.
In April 2021 ABB Released a Statement Announcing the Launch of Ability Genix Industrial Analytics and AI Suite. Marine customers can subscribe to a variety of analytics on-demand with ABB Ability Genix. As a result, the solution is suitable for both shipowners who are just getting started with digitization and those who are aiming to create a more comprehensive approach to vessel management.
Key Target Audience
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners and End-Use Industries
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.