Marine Fuel Management Market Analysis by Top Key Players, Technological Innovations and Applications Till 2024
Market-Research
A marine fuel management system assists in monitoring and reporting the amount of fuel used by a ship/boat. The system extensively helps in reducing fuel usage and increasing efficiency of the ship. Fuel management system is extremely important on a ship, especially in the times of increasing marine fuel oil costs. With the increasing costs of marine fuel, it has become an imperative device on the ship. The main goal of the system is to reduce the amount of fuel usage of the ship by improving the operational efficiency of the fuel oil system.
The global marine fuel management market is segmented on the basis of service, application and geography. By service, the market is segmented into measuring, monitoring and reporting. By application, the market is categorized as fuel consumption, efficiency level, and fleet management. Geographically, the market is segmented into United States, Europe, Japan, China, India and Southeast Asia.
The marine fuel management systems assist significantly in calculating the exact amount of fuel oil burnt at any particular vessel speed or engine rpm. Hence, their usage in ships and marine vessels has increased substantially, which, as a result, is reflecting positively in the growth of this market. In addition to this the rising number of stringent government regulations intended to curb pollution at sea is also impacting this market greatly. However, the current decline in the oil prices and the subsequent slowdown in the oil and gas industry might act as a restraining factor for the market growth.
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The major reason for the growth of the fire sprinkler market is the increasing investment of companies to safeguard the infrastructure and to reduce the loss of life and property in different applications. Moreover, governments are formulating stringent norms for the installation of fire sprinklers in buildings, which is driving the demand for fire sprinkler services in commercial applications. Urbanization and globalization is a major cause which is creating a huge requirement for new apartments and commercial buildings. This will eventually generate a huge demand of fire sprinkler systems, hiking the sprinkler head market globally. However, the high cost of retrofitting fire sprinklers in existing buildings and the lack of integrity in system interfaces are some of the major factors impeding the growth of the fire sprinkler heads market. Moreover, the fire protection system failures might also restrain the market growth.
The global fire sprinkler heads market is segmented on the basis of product type, application and Geography. On the basis of type, the market is segmented into Pendant Sprinkler Head, Recessed Pendant Sprinkler Head, Upright Sprinkler Head and Side Wall Sprinkler Head. By application, the market is segmented into high rise office buildings, high rise apartment buildings, hotels and motels and manufacturing units/facilities. The pendant sprinkler market holds a major portion of the global fire sprinkler head market, owing to its wide use in various applications. Geographically, the market is categorized into U.S., Europe, China, India, Japan and South East Asia.
FIRE SPRINKLING HEAD MARKET SEGMENTATION
By Type
- Pendant Sprinkler Head
• Recessed Pendant Sprinkler Head
• Upright Sprinkler Head
• Side Wall Sprinkler Head
By Application
- High-rise office buildings
• High-rise apartment buildings
• Hotels and motels
• Manufacturing facilities
By Geography
- United States
• Europe
• China
• India
• Japan
• South-East Asia
KEY MARKET PLAYERS
•Tyco International
•United Technologies Corporation (Utc)
•Rapidrop Global
•Reliable Automatic Sprinkler
•Hd Fire Protect
•Senju Sprinkler
•Victaulic
•China Nfpt
•Cfe
•Viking Group
•Tyco International
•United Technologies Corporation (Utc)
•Rapidrop Global
•Reliable Automatic Sprinkler
•Hd Fire Protect
•Senju Sprinkler
•Victaulic
•China Nfpt
•Cfe
•Viking Group
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