The marine fuel injection system market is expected to reach a value of USD 809 million by 2022

In the last several years, the development of marine fuel injection system industry is steady. The marine fuel injection system market is expected to reach a value of USD 809 million by 2022, at a CAGR of 0.73% from 2016’s USD 774 million. Growth of the shipbuilding industry and increasing international maritime trade are the major factors driving the market. Moreover, stringent emission norms imposed by International Maritime Organization would also boost the demand for new marine fuel injection.

Browse Related Reports:
 


Commercial vessel applications have the most powerful and high capacity marine engines compared to other applications. Commercial vessels contribute about 59% to the global marine fuel injection system market in 2016, followed by inland waterways vessels and offshore support vessels. With rise in international sea borne trade, the demand for commercial vessels is increasing, driving the marine fuel injection market. Meanwhile, as China, South Korea, Japan, and Indonesia are the major manufacturing countries of commercial vessels; the demand for fuel injection systems is more in these countries.

Due to the stricter emission policies, High Press Common Rail Injection System is the more and more popular due to the sufficient burning. The market share of common rail injection system was about 52.6% in 2016 and the figure is expected to be higher in the next several years.

GLOBAL INFO RESEARCH ALL RIGHTS RESERVED  
 
Contact us:
Tel:00852-58197708 (HK)   
Email:sales@globalinforesearch.com