Marine Fuel Management Market to Receive Overwhelming Hike in Revenues by 2026

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Marine Fuel Management Market

• Global Industry Analysis, Size, Share, Growth,
  Trends and Forecast, 2026

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Marine Fuel Management Market -
Snapshot

• Marine fuel represents a major chunk of operation
  costs for vessels. Moreover, a rise in the prices
  of fuel oil and stringent environmental norms
  have led to the need for efficient management of
  marine fuel in order to limit costs.
• Thus, marine fuel management and fleet management
  are gaining in importance. Marine fuel management
  monitoring involves controlling and reporting of
  marine fuel.
• It plays a significant role in controlling the
  total operating cost of a vessel. Stringent
  shipping industry regulations regarding emission
  control and the need for curbing operation costs
  have led to the development of highly efficient
  fuel management systems that help control overall
  costs. Technologies in fleet management and fuel
  consumption (monitoring, control, and reporting)
  are largely available along with viscosity
  control of the fuel.

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Marine Fuel Management Market Segmentation

• The global marine fuel management market can be
  segmented based on process, application, and
  region.
• In terms of process, the market can be classified
  into measuring, monitoring, reporting, and
  others. Measuring is a widely used process for
  marine fuel management.
• Based on application, the market can be
  categorized into fuel consumption, efficiency
  level, fleet management, viscosity control, and
  others. Increase in global crude oil prices is
  boosting demand for marine fuel management.
• Many countries across the globe are investing in
  shipbuilding activities. This is driving demand
  for marine fuel management worldwide.

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Marine Fuel Management Market Driving Factors

• This is driving demand for marine fuel
  management. Demand for marine fuel management has
  increased due to a rise in investments in
  maritime activities.
• Recovery of crude oil prices would eventually
  lead to an increase in pricing levels of marine
  fuel.
• Moreover, stringent environmental norms regarding
  sulphur content are expected to boost prices due
  to the requirement of further refining marine
  fuel. These factors are likely to drive the
  market.

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Key players operating in the marine fuel
management market

• strategic alliances.
• Prominent players include Emerson Electric Co.,
• DNV-GL AS
• ABB
• Siemens AG
• Bergan Blue.

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