Marine Fuel Pump Market: Introduction
A Marine Fuel Pump is a vital part of a ship as it determines the performance parameters of a marine diesel engine. This results in adequate automation combined with optimal timing for fuel injection inside the engine. A Marine Fuel Pump controls the volume and timing of fuel injection into the cylinder of an engine. The spring configuration of a Marine Fuel Pump differs for every manufacturer. A Marine Fuel Pump operates based at cam and camshaft location in order to supply all cylinders with a definite amount of fuel at a correct time period depending on the firing order, regardless of the load. The Marine Fuel Pump supplies the injector with a high pressure gas, which then opens the valve to inject atomized fuel into the cylinder against the spring tension. Marine Fuel Pump offer various advantages for smooth engine operations such as reliability powerful acceleration and smooth idling which has envisaged its use in a significant manner.
Marine Fuel Pump Market: Market Dynamics
The primary driver for the Marine Fuel Pump market is the expanding fleet of sea vessels across diverse sectors such as commercial inland waterways, bulk oil & gas carriers, maritime tourism, fish trawlers, etc. A Marine Fuel Pump primarily serves the purpose of fuel injection to the engine, maintenance of optimal pressure between carburetor and engine along with preventing fuel from overheating. Growing-cargo based shipbuilding industry along with increasing fleet of cruise vessels will accelerate the growth of Marine Fuel Pump market over the forecast period. The construction of new vessels along with developing marine oil & gas storage + transportation systems is also anticipated to drive the growth of the global Marine Fuel Pump market in the given forecast period.
A couple of factors which may possibly hinder the market development of Marine Fuel Pump includes complexity involved in pump change and high procurement cost of new marine fuel pump unit which has resulted in repair of existing units and reduction of operating requirements of pumps. Also limited fleet in high capacity sea vessels will also restrain the marine fuel pumps market growth due to low sales and installation rate. To address these issues, advanced configurations of marine fuel pumps introduced by manufacturers are expected to present with significant growth opportunities for the demand generation of marine fuel pump at a sustainable level. Active investment into product development is being constantly pursued by marine fuel pump manufacturers for specific heavy duty applications is also been noticed as a prominent supply side trend.
Marine Fuel Pump Market: Market Segmentation
Based on Product type, the Marine Fuel Pump market can be segmented into:
Based on Power Rating, the Marine Fuel Pump market can be segmented into:
Based on Application, the Marine Fuel Pump market can be segmented into:
Marine Fuel Pump Market: Regional Outlook
Asia Pacific is expected to foresee significant growth in the global market for Marine Fuel Pump. Emerging economies of this region like China, South Korea, Singapore and Malaysia are actively involved in ship building hubs as well as maritime trade activities. Availability of skilled labor and low manufacturing costs has importantly contributed to the growth in this region. In the next few years, China is expected to be the major niche market. Nonetheless, demand for Marine Fuel Pump has recently increased from Brazil, South Korea and Indonesia which are also expected to drive the near future growth of the global market for Marine Fuel Pump. The inland waterways sub-segment is a potential market for Marine Fuel Pump adhering to increased demand from countries like South East Asia, Africa, Europe, and South America. North America and Europe Marine Fuel Pump markets are understood to be matured markets which are likely to experience a tepid growth in the forthcoming years.
Marine Fuel Pump Market: Market Players
Some of the key players of the global Marine Fuel Pump Market are as follows:
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The Marine Fuel Pump market report covers exhaustive analysis on:
Regional analysis includes:
The Marine Fuel Pump market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The Marine Fuel Pump market report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The Marine Fuel Pump market report also maps the qualitative impact of various market factors on market segments and geographies.
Marine fuel pumps have evolved in terms of technology and performance owing to their vital role in a ship. These pumps are used to inject fuel at a designated time in a cylinder of an engine based on the spring configuration of the marine fuel pump. Its positive attributes such as high reliability in powerful acceleration and smooth idling accounts for its augmenting demand for smooth engine operations in ships.
Wide Application Range Contributes In Market Expansion
Multiplicity in end-use applications including maritime tourism, commercial inland waterways, fish trawlers, and bulk oil & gas carriers are known to escalate the revenue generated in the global market. The shipbuilding industry is expected to lead the global market as an end-user on the back of the rapidly expanding fleet of cruise vessels. New vessels added to the transportation system substantially propel the growth of the market ahead. Different prominent applications of the marine fuel pumps include fuel injection into the engine, optimal pressure maintenance between the engine and the carburetor, and fuel overheating prevention.
Numerous Commercial Vessel Application Surge Market Revenue
The global market can be broadly segmented into two types of products which are Jerk type and common rail injection type. The marine fuel pump market can be segregated on the basis of power rating into 0 –2,000 HP, 2,000 –10,000 HP, 10,000 –20,000 HP, 20,000–50,000 HP, 50,000 –80,000 HP and above 80,000 HP. Inland waterways and commercial vessels are estimated to generate a major market revenue. Prominent applications of commercial vessels projected to contribute revenue in the market include general cargo ships, personal watercraft, oil industry vessels, bulk carriers, auto carriers, tow and tug boats, tankers, and barges. Offshore support ships, passenger ships, and fishing ships are expected to generate substantial revenue in the market during the forecast period.
Scaling Economies Create White Spaces of Growth
The global market can be segmented into regions such as Latin America, North America, Western Europe, Eastern Europe, Japan, Asia Pacific, Middle East, and Africa. Emerging economies such as China, Malaysia, and Singapore are expected to bolster the market progress in the coming years. The growing economy of China is expected to impart it a leading position in the market. The burgeoning demand for the marine fuel pump in inland waterways applications from different regions including South America., South East Asia, Europe, and Africa is creating new growth opportunities in the global market.
Major market players are developing advanced and cost-effective products to strengthen their foothold in the market. They are investing in solutions to reduce the replacement requirement of these pumps. Manufacturers are introducing advanced configuration in their products to increase their acceptability. They are involved in product development specifically for heavy-duty applications which are expected to fuel the market growth in the years to come. Market competitors are aligning their advancements with the progress of the oil & gas storage and transportation system to stay ahead in the market competition. Established players profiled in the global marine fuel pump market include Cummins Inc., Robert Bosch Gmbh, Denso Corporation, Rolls-Royce Holdings Plc., Caterpillar Inc., Yanmar Co. Ltd., and Man Se.