Marine Fuel Optimization Market Research Report-Global Forecast to 2027

Global Marine Fuel Optimization Market by Process (Measuring, Monitoring and Reporting), By Application (Fuel Consumption, Efficiency Level, Fleet Management, Cross Fleet Standardization and Others (Delivery Verification and Shore Side Reporting)), By Technology (Throttle Optimization, Fuel Theft Detection , Tank Levels & R.O.B, Bunker & Fuel Transfers and Others (Cross-Fleet Standardization, Shore-Side Reporting, Vessel Tracking)) by Region (North America, Europe, Asia-Pacific and Rest of World) - Global Forecast to 2027.

ID: MRFR/E&P/3616-CR | October 2017 | Region: Global | 110 pages

Please note that the assessment period of report has been updated from 2017-2023 to 2020-2027.Cordially fill the sample form for updated data.

Market Scenario The marine fuel optimization is a fuel management system which provides the exact amount of fuel oil burnt for any marine vessel. The vessel owner, through marine optimization system, can keep a track of the actual fuel consumption in correspondence with the operations of the vessel. A complete analysis of marine fuel optimization systems, effective operating strategies and a clear understanding of how the vessel uses the fuel, can be achieved.


Global marine fuel optimization market is one of the fastest growing markets owing to the increased application marine sector by providing the accurate amount of fuel oil burnt for particular vessel. The market is driven by various factors such as stringent government regulations to curb carbon emission at sea level and reduce fuel usage, and improve operational efficiency. However, marine fuel optimization market has a major restraint that can hinder the growth of the market such as the decline in global oil price.


A marine fuel optimization system allows the ship owner to monitor, measure, and display the exact amount of fuel oil used by the ship. Fuel optimization system not only provides the amount of fuel used but also gives additional data related to fuel usage. Marine fuel optimization systems provide statistical information on various other parameters such as the amount of fuel used by specific engine or generator while travelling at sea or at port. They also help compare fuel usage between voyages, and the amount of fuel used by particular crew. Besides providing a detailed analysis of all fuel oil using systems on board a ship, they allow the ship’s crew to track each and every drop of fuel oil. This reduces fuel consumption, thus improving overall efficiency.


Global Marine Fuel Optimization Market is segmented, by process as Measuring, Monitoring and Reporting. Measuring segment accounted for the largest market share of about 45% in 2016, with a market value of more than USD 1,700 million and is projected to grow at the highest CAGR during the forecast period. Based on applications, the market is segmented as fuel consumption, efficiency level, fleet management, cross fleet standardization and others (delivery verification and shore side reporting). Fleet Management accounted for the largest market share of about 30%, in 2016, with a market value of more than USD 1,300 million; projected to grow at the highest CAGR during the forecast period. Based on technology the market has been segmented as throttle optimization, fuel theft detection, tank levels & R.O.B, bunker & fuel transfers and others (cross-fleet standardization, shore-side reporting, vessel tracking). Bunker & Fuel Transfers accounted for the largest market share of about 27% in 2016, with a market value of more than USD 1,000 million; projected to grow at the highest CAGR of during the forecast period.


Global Marine Fuel Optimization Market is expected to grow with the CAGR of approximately 4.25%, during the forecast period.


Market Segmentation


 


Global Analysis On the basis of geography, the global market for marine fuel management is classified as Europe, North America, Asia Pacific, and Rest of the World. With a share of more than 40%, Asia Pacific led the global market, in 2016. Owing to the increase in shipbuilding activities, flag conversions, and the replacement of old vessels with new marine fuel optimization systems, Asia Pacific is likely to emerge as a highly attractive market for marine fuel optimization over the forthcoming years, maintaining its dominance over the global market. Europe, being the global center for suppliers and traders of shipping and bunker fuel, has been providing good opportunities to marine fuel optimization system manufacturers. Analysts expect the Europe marine fuel management market to retain the second position in the years to come. The market in North America, on the other hand, will witness a slowdown in the near future as it approaches maturity. The marine fuel optimization markets in Latin America and Middle East & Africa are exhibiting great potential for future growth, due to the increase in exploration activities in these regions.


Key Players The key players of Global Marine Fuel Optimization Market are DNV-GL AS (Norway), ABB, Ltd. (Switzerland), Siemens AG (Germany), Eniram Oy (Finland), Krill Systems (U.S), Nautical Control Solutions, LP (U.S), Bergan Blue (U.S), Banlaw Systems (Europe) Ltd (U.K), The Emerson Electric Company (U.S), and  Interschalt Maritime Systems GmbH (Germany).



Report Scope:
Report Attribute/Metric Details
  Market Size   2027: Significant Value
  CAGR   4.25% CAGR (2020-2027)
  Base Year   2019
  Forecast Period   2020-2027
  Historical Data   2018
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Process, Application and Technology
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   DNV-GL AS (Norway), ABB, Ltd. (Switzerland), Siemens AG (Germany), Eniram Oy (Finland), Krill Systems (U.S), Nautical Control Solutions, LP (U.S), Bergan Blue (U.S), Banlaw Systems (Europe) Ltd (U.K), The Emerson Electric Company (U.S), and Interschalt Maritime Systems GmbH (Germany).
  Key Market Opportunities   New product launches and R&D Amongst major key Players
  Key Market Drivers

  • Stringent government regulations to curb carbon emission at sea level
  • Reduce fuel usage
  • Improve operational efficiency


  • Frequently Asked Questions (FAQ) :


    Global marine fuel optimization market leading due to the improved application marine sector by offering the accurate amount of fuel oil burnt for particular vessel.

    USD 1,700 million is the valuation of the market.

    The market is gaining heights with CAGR of approximately 4.25%.

    Europe, North America, Asia Pacific, and Rest of the World are the key regions of the market.

    ABB, Ltd. (Switzerland), Siemens AG (Germany), DNV-GL AS (Norway), Krill Systems (U.S), Nautical Control Solutions, LP (U.S), Eniram Oy (Finland), Bergan Blue (U.S) are the key players of the market.

    1 Executive Summary

    2 Introduction

    2.1 Definition 14

    2.2 Scope Of The Study 14

    2.3 Assumptions 14

    2.4 Market Structure 15

    3 Research Methodology

    3.1 Research Process 16

    3.2 Primary Research 17

    3.3 Secondary Research 17

    3.4 Market Size Estimation 17

    3.5 Forecast Model 19

    4 Market Dynamics

    4.1 Drivers 21

    4.1.1 Stringent Government Regulation To Curb Carbon Emission At Sea Level 21

    4.1.1 Reduction In Fuel Usage And Improvement Of Operational Efficiency 21

    4.2 Growth Drivers: Impact Analysis 22

    4.3 Restraints 22

    4.3.1 Decline In Global Oil Price 22

    4.4 Growth Barriers: Impact Analysis 23

    4.5 Opportunity 23

    4.5.1 Growth In Marine Industry 23

    5 Market Factor Analysis

    5.1 Porter’s Five Forces Analysis 24

    5.1.1 Threat Of New Entrants 25

    5.1.2 Bargaining Power Of Suppliers 25

    5.1.3 Bargaining Power Of Buyers 25

    5.1.4 Threat Of Substitutes 25

    5.1.5 Competitive Rivalry 25

    6 Global Marine Fuel Optimization Market, By Process

    6.1 Introduction 27

    6.2 Measuring 27

    6.3 Monitoring 27

    6.4 Reporting 27

    7 Global Marine Fuel Optimization Market, By Application

    7.1 Introduction 30

    7.2 Fuel Consumption 30

    7.3 Efficiency Level 30

    7.4 Fleet Management 30

    7.5 Cross Fleet Standardization 31

    7.6 Others (Delivery Verification And Shore Side Reporting) 31

    8 Global Marine Fuel Optimization Market, By Technology

    8.1 Introduction 34

    8.2 Throttle Optimization 34

    8.3 Fuel Theft Detection 34

    8.4 Tank Levels And R.O.B. 35

    8.5 Bunker & Fuel Transfers 35

    8.6 Others (Cross-Fleet Standardization, Shore-Side Reporting, Vessel Tracking) 35

    9 Global Marine Fuel Optimization Market, By Region

    9.1 Introduction 38

    9.2 North-America 39

    9.2.1 U.S. 43

    9.2.2 Canada 45

    9.3 Europe 47

    9.3.1 Germany 51

    9.3.2 U.K. 53

    9.3.3 France 55

    9.3.4 Rest Of Europe 57

    9.4 Asia Pacific 59

    9.4.1 China 63

    9.4.2 India 65

    9.4.3 Australia 67

    9.4.4 Singapore 69

    9.4.5 Rest Of Asia Pacific 71

    9.5 Rest Of The World 74

    9.5.1 Latin America 78

    9.5.2 Middle East & Africa 80

    10 Competitive Landscape

    10.1 Competitive Scenario 82

    10.1.1.1 Product Launch 83

    10.1.1.2 Expansions 83

    10.2 COMPETITOR BENCHMARKING 84

    11 Company Profile

    11.1 DNV GL 85

    11.1.1 Company Overview 85

    11.1.2 Financial Overview 85

    11.1.3 Service Offering 86

    11.1.4 Strategy 87

    11.2 ABB, Ltd. 89

    11.2.1 Company Overview 89

    11.2.2 Financial Overview 89

    11.2.3 Service Offering 90

    11.2.4 Strategy 90

    11.3 Siemens AG 92

    11.3.1 Company Overview 92

    11.3.2 Financial Overview 92

    11.3.3 Service Offering 93

    11.3.4 Strategy 93

    11.4 Eniram Oy 95

    11.4.1 Company Overview 95

    11.4.2 Financial Overview 95

    11.4.3 Service Offering 95

    11.4.4 Strategy 96

    11.5 Nautical Control Solutions, LP 97

    11.5.1 Company Overview 97

    11.5.2 Financial Overview 97

    11.5.3 Service Offering 97

    11.5.4 Strategy 98

    11.6 The Emerson Electric Company 99

    11.6.1 Company Overview 99

    11.6.2 Financial Overview 99

    11.6.3 Service Offering 100

    11.6.4 Strategy 100

    11.7 INTERSCHALT Maritime Systems GmbH 102

    11.7.1 Company Overview 102

    11.7.2 Financial Overview 102

    11.7.3 Product/Service Offering 103

    11.7.4 Strategy 103

    11.8 Banlaw Systems (Europe) Ltd 105

    11.8.1 Company Overview 105

    11.8.2 Financial Overview 105

    11.8.3 Product/Service Offering 105

    11.8.4 Strategy 105

    11.9 Bergan Blue 106

    11.9.1 Company Overview 106

    11.9.2 Financial Overview 106

    11.9.3 Product/Service Offering 106

    11.9.4 Strategy 106

    11.10 Krill Systems Inc. 107

    11.10.1 Company Overview 107

    11.10.2 Financial Overview 107

    11.10.3 Product/Service Offering 107

    11.10.4 Strategy 107

    11.10.5 Key Development(S) 108

    12 List Of Tables

    TABLE 1 MARKET SYNOPSIS 13

    TABLE 2 GLOBAL MARINE FUEL OPTIMIZATION MARKET, BY PROCESS, 2020-2027 (USD MILLION) 28

    TABLE 3 GLOBAL MARINE FUEL OPTIMIZATION MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 32

    TABLE 4 GLOBAL MARINE FUEL OPTIMIZATION MARKET, BY TECHNOLOGY, 2020-2027 (USD MILLION) 36

    TABLE 5 GLOBAL MARINE FUEL OPTIMIZATION MARKET, BY REGION, 2020-2027 (USD MILLION) 38

    TABLE 6 NORTH AMERICA: MARINE FUEL OPTIMIZATION MARKET, BY COUNTRY, 2020-2027 (USD MILLION) 40

    TABLE 7 NORTH AMERICA: MARINE FUEL OPTIMIZATION MARKET, BY PROCESS, 2020-2027 (USD MILLION) 41

    TABLE 8 NORTH AMERICA: MARINE FUEL OPTIMIZATION, BY APPLICATION, 2020-2027 (USD MILLION) 42

    TABLE 9 NORTH AMERICA: MARINE FUEL OPTIMIZATION, BY TECHNOLOGY, 2020-2027 (USD MILLION) 42

    TABLE 10 U.S: MARINE FUEL OPTIMIZATION MARKET, BY PROCESS, 2020-2027 (USD MILLION) 43

    TABLE 11 U.S: MARINE FUEL OPTIMIZATION, BY APPLICATION, 2020-2027 (USD MILLION) 44

    TABLE 12 U.S: MARINE FUEL OPTIMIZATION, BY TECHNOLOGY, 2020-2027 (USD MILLION) 44

    TABLE 13 CANADA: MARINE FUEL OPTIMIZATION MARKET, BY PROCESS, 2020-2027 (USD MILLION) 45

    TABLE 14 CANADA: MARINE FUEL OPTIMIZATION, BY APPLICATION, 2020-2027 (USD MILLION) 46

    TABLE 15 CANADA: MARINE FUEL OPTIMIZATION, BY TECHNOLOGY, 2020-2027 (USD MILLION) 46

    TABLE 16 EUROPE: MARINE FUEL OPTIMIZATION MARKET, BY COUNTRY, 2020-2027 (USD MILLION) 48

    TABLE 17 EUROPE: MARINE FUEL OPTIMIZATION MARKET, BY PROCESS, 2020-2027 (USD MILLION) 49

    TABLE 18 EUROPE: MARINE FUEL OPTIMIZATION, BY APPLICATION, 2020-2027 (USD MILLION) 50

    TABLE 19 EUROPE: MARINE FUEL OPTIMIZATION, BY TECHNOLOGY, 2020-2027 (USD MILLION) 50

    TABLE 20 GERMANY: MARINE FUEL OPTIMIZATION MARKET, BY PROCESS, 2020-2027 (USD MILLION) 51

    TABLE 21 GERMANY: MARINE FUEL OPTIMIZATION, BY APPLICATION, 2020-2027 (USD MILLION) 52

    TABLE 22 GERMANY: MARINE FUEL OPTIMIZATION, BY TECHNOLOGY, 2020-2027 (USD MILLION) 52

    TABLE 23 U.K.: MARINE FUEL OPTIMIZATION MARKET, BY PROCESS, 2020-2027 (USD MILLION) 53

    TABLE 24 U.K.: MARINE FUEL OPTIMIZATION, BY APPLICATION, 2020-2027 (USD MILLION) 54

    TABLE 25 U.K.: MARINE FUEL OPTIMIZATION, BY TECHNOLOGY, 2020-2027 (USD MILLION) 54

    TABLE 26 FRANCE: MARINE FUEL OPTIMIZATION MARKET, BY PROCESS, 2020-2027 (USD MILLION) 55

    TABLE 27 FRANCE: MARINE FUEL OPTIMIZATION, BY APPLICATION, 2020-2027 (USD MILLION) 56

    TABLE 28 FRANCE: MARINE FUEL OPTIMIZATION, BY TECHNOLOGY, 2020-2027 (USD MILLION) 56

    TABLE 29 REST OF EUROPE: MARINE FUEL OPTIMIZATION MARKET, BY PROCESS, 2020-2027 (USD MILLION) 57

    TABLE 30 REST OF EUROPE: MARINE FUEL OPTIMIZATION, BY APPLICATION, 2020-2027 (USD MILLION) 58

    TABLE 31 REST OF EUROPE: MARINE FUEL OPTIMIZATION, BY TECHNOLOGY, 2020-2027 (USD MILLION) 58

    TABLE 32 ASIA-PACIFIC: MARINE FUEL OPTIMIZATION MARKET, BY COUNTRY, 2020-2027 (USD MILLION) 60

    TABLE 33 ASIA-PACIFIC: MARINE FUEL OPTIMIZATION MARKET, BY PROCESS, 2020-2027 (USD MILLION) 61

    TABLE 34 ASIA-PACIFIC: MARINE FUEL OPTIMIZATION, BY APPLICATION, 2020-2027 (USD MILLION) 62

    TABLE 35 ASIA-PACIFIC: MARINE FUEL OPTIMIZATION, BY TECHNOLOGY, 2020-2027 (USD MILLION) 62

    TABLE 36 CHINA: MARINE FUEL OPTIMIZATION MARKET, BY PROCESS, 2020-2027 (USD MILLION) 63

    TABLE 37 CHINA: MARINE FUEL OPTIMIZATION, BY APPLICATION, 2020-2027 (USD MILLION) 64

    TABLE 38 CHINA: MARINE FUEL OPTIMIZATION, BY TECHNOLOGY, 2020-2027 (USD MILLION) 64

    TABLE 39 INDIA: MARINE FUEL OPTIMIZATION MARKET, BY PROCESS, 2020-2027 (USD MILLION) 65

    TABLE 40 INDIA: MARINE FUEL OPTIMIZATION, BY APPLICATION, 2020-2027 (USD MILLION) 66

    TABLE 41 INDIA: MARINE FUEL OPTIMIZATION, BY TECHNOLOGY, 2020-2027 (USD MILLION) 66

    TABLE 42 AUSTRALIA: MARINE FUEL OPTIMIZATION MARKET, BY PROCESS, 2020-2027 (USD MILLION) 67

    TABLE 43 AUSTRALIA: MARINE FUEL OPTIMIZATION, BY APPLICATION, 2020-2027 (USD MILLION) 68

    TABLE 44 AUSTRALIA: MARINE FUEL OPTIMIZATION, BY TECHNOLOGY, 2020-2027 (USD MILLION) 68

    TABLE 45 SINGAPORE: MARINE FUEL OPTIMIZATION MARKET, BY PROCESS, 2020-2027 (USD MILLION) 70

    TABLE 46 SINGAPORE: MARINE FUEL OPTIMIZATION, BY APPLICATION, 2020-2027 (USD MILLION) 70

    TABLE 47 SINGAPORE: MARINE FUEL OPTIMIZATION, BY TECHNOLOGY, 2020-2027 (USD MILLION) 71

    TABLE 48 REST OF ASIA-PACIFIC: MARINE FUEL OPTIMIZATION MARKET, BY PROCESS, 2020-2027 (USD MILLION) 72

    TABLE 49 REST OF ASIA-PACIFIC: MARINE FUEL OPTIMIZATION, BY APPLICATION, 2020-2027 (USD MILLION) 73

    TABLE 50 REST OF ASIA-PACIFIC: MARINE FUEL OPTIMIZATION, BY TECHNOLOGY, 2020-2027 (USD MILLION) 73

    TABLE 51 REST OF THE WORLD: MARINE FUEL OPTIMIZATION MARKET, BY COUNTRY, 2020-2027 (USD MILLION) 75

    TABLE 52 REST OF THE WORLD: MARINE FUEL OPTIMIZATION MARKET, BY PROCESS, 2020-2027 (USD MILLION) 76

    TABLE 53 REST OF THE WORLD: MARINE FUEL OPTIMIZATION, BY APPLICATION, 2020-2027 (USD MILLION) 77

    TABLE 54 REST OF THE WORLD: MARINE FUEL OPTIMIZATION, BY TECHNOLOGY, 2020-2027 (USD MILLION) 77

    TABLE 55 LATIN AMERICA: MARINE FUEL OPTIMIZATION MARKET, BY PROCESS, 2020-2027 (USD MILLION) 78

    TABLE 56 LATIN AMERICA: MARINE FUEL OPTIMIZATION, BY APPLICATION, 2020-2027 (USD MILLION) 79

    TABLE 57 LATIN AMERICA: MARINE FUEL OPTIMIZATION, BY TECHNOLOGY, 2020-2027 (USD MILLION) 79

    TABLE 58 MIDDLE EAST AND AFRICA: MARINE FUEL OPTIMIZATION MARKET, BY PROCESS, 2020-2027 (USD MILLION) 80

    TABLE 59 MIDDLE EAST AND AFRICA: MARINE FUEL OPTIMIZATION, BY APPLICATION, 2020-2027 (USD MILLION) 81

    TABLE 60 MIDDLE EAST AND AFRICA: MARINE FUEL OPTIMIZATION, BY TECHNOLOGY, 2020-2027 (USD MILLION) 81

    TABLE 61 COMPETITORS BENCHMARKING 84

    TABLE 62 KEY DEVELOPMENTS(S) , 2017 104


    13 List Of Figures

    FIGURE 1 RESEARCH PROCESS OF MRFR 16

    FIGURE 2 TOP DOWN & BOTTOM UP APPROACH 18

    FIGURE 3 DRIVERS, RESTRAINTS AND OPPORTUNITIES OF GLOBAL MARINE FUEL OPTIMIZATION MARKET 20

    FIGURE 4 GROWTH DRIVERS: IMPACT ANALYSIS 22

    FIGURE 5 GROWTH BARRIERS: IMPACT ANALYSIS 23

    FIGURE 6 PORTERS FIVE FORCES OF GLOBAL MARINE FUEL OPTIMIZATION MARKET 24

    FIGURE 7 GLOBAL MARINE FUEL OPTIMIZATION MARKET, BY PROCESS, 2020-2027 (USD MILLION) 28

    FIGURE 8 GLOBAL MARINE FUEL OPTIMIZATION MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 31

    FIGURE 9 GLOBAL MARINE FUEL OPTIMIZATION MARKET, BY TECHNOLOGY, 2020-2027 (USD MILLION) 36

    FIGURE 10 GLOBAL MARINE FUEL OPTIMIZATION MARKET, BY REGION, 2020-2027 (USD MILLION) 38

    FIGURE 11 NORTH AMERICA: MARINE FUEL OPTIMIZATION MARKET SHARE, BY COUNTRY, 2015 (% SHARE) 40

    FIGURE 12 NORTH AMERICA: MARINE FUEL OPTIMIZATION MARKET, BY PROCESS, 2020-2027 (USD MILLION) 41

    FIGURE 13 U.S.: MARINE FUEL OPTIMIZATION MARKET, BY PROCESS, 2020-2027 (USD MILLION) 43

    FIGURE 14 CANADA: MARINE FUEL OPTIMIZATION MARKET, BY PROCESS, 2020-2027 (USD MILLION) 45

    FIGURE 15 EUROPE: MARINE FUEL OPTIMIZATION MARKET SHARE, BY COUNTRY, 2015 (% SHARE) 48

    FIGURE 16 EUROPE: MARINE FUEL OPTIMIZATION MARKET, BY PROCESS, 2020-2027 (USD MILLION) 49

    FIGURE 17 GERMANY: MARINE FUEL OPTIMIZATION MARKET, BY PROCESS, 2020-2027 (USD MILLION) 51

    FIGURE 18 U.K.: MARINE FUEL OPTIMIZATION MARKET, BY PROCESS, 2020-2027 (USD MILLION) 53

    FIGURE 19 FRANCE: MARINE FUEL OPTIMIZATION MARKET, BY PROCESS, 2020-2027 (USD MILLION) 55

    FIGURE 20 REST OF EUROPE: MARINE FUEL OPTIMIZATION MARKET, BY PROCESS, 2020-2027 (USD MILLION) 57

    FIGURE 21 ASIA-PACIFIC: MARINE FUEL OPTIMIZATION MARKET SHARE, BY COUNTRY, 2015 (% SHARE) 60

    FIGURE 22 ASIA-PACIFIC: MARINE FUEL OPTIMIZATION MARKET, BY PROCESS, 2020-2027 (USD MILLION) 61

    FIGURE 23 CHINA: MARINE FUEL OPTIMIZATION MARKET, BY PROCESS, 2020-2027 (USD MILLION) 63

    FIGURE 24 INDIA: MARINE FUEL OPTIMIZATION MARKET, BY PROCESS, 2020-2027 (USD MILLION) 65

    FIGURE 25 AUSTRALIA: MARINE FUEL OPTIMIZATION MARKET, BY PROCESS, 2020-2027 (USD MILLION) 67

    FIGURE 26 SINGAPORE: MARINE FUEL OPTIMIZATION MARKET, BY PROCESS, 2020-2027 (USD MILLION) 69

    FIGURE 27 REST OF ASIA-PACIFIC: MARINE FUEL OPTIMIZATION MARKET, BY PROCESS, 2020-2027 (USD MILLION) 72

    FIGURE 28 REST OF THE WORLD: MARINE FUEL OPTIMIZATION MARKET SHARE, BY COUNTRY, 2015 (% SHARE) 75

    FIGURE 29 REST OF THE WORLD: MARINE FUEL OPTIMIZATION MARKET, BY PROCESS, 2020-2027 (USD MILLION) 76

    FIGURE 30 LATIN AMERICA: MARINE FUEL OPTIMIZATION MARKET, BY PROCESS, 2020-2027 (USD MILLION) 78

    FIGURE 31 MIDDLE EAST AND AFRICA: MARINE FUEL OPTIMIZATION MARKET, BY PROCESS, 2020-2027 (USD MILLION) 80

    FIGURE 32 GROWTH STRATEGIES ADOPTED BY KEY PLAYERS IN GLOBAL MARINE FUEL OPTIMIZATION MARKET, 2018-2020, (%) 82

    FIGURE 33 PRODUCT LAUNCH: % SHARE BY KEY PLAYERS, 2018-2020, (%) 83

    FIGURE 34 EXPANSION: % SHARE BY KEY PLAYERS, 2018-2020, (%) 83

    FIGURE 35 DNV GL: TOTAL REVENUE VS SEGMENTAL REVENUE, 2018-2020 (USD MILLION) 85

    FIGURE 36 DNV GL: GEOGRAPHICAL REVENUE MIX, 2020 (%) 86

    FIGURE 37 DNV GL: KEY DEVELOPMENTS, 2018-2020 (%) 87

    FIGURE 38 DNV GL: SWOT ANALYSIS 88

    FIGURE 39 ABB, LTD.: TOTAL REVENUE, 2018-2020 (USD MILLION) 89

    FIGURE 40 ABB, LTD.: GEOGRAPHIC REVENUE MIX, 2020 (%) 90

    FIGURE 41 ABB, LTD.: KEY DEVELOPMENTS, 2020 (%) 91

    FIGURE 42 ABB, LTD.: SWOT ANALYSIS 91

    FIGURE 43 SIEMENS AG : TOTAL REVENUE, 2018-2020 (USD MILLION) 92

    FIGURE 44 SIEMENS AG: GEOGRAPHICAL REVENUE MIX, 2020 (%) 93

    FIGURE 45 SIEMENS AG: KEY DEVELOPMENTS, 2018-2020 (%) 94

    FIGURE 46 SIEMENS AG: SWOT ANALYSIS 94

    FIGURE 47 NAUTICAL CONTROL SOLUTIONS, LP: SWOT ANALYSIS 98

    FIGURE 48 EMERSON ELECTRIC COMPANY: TOTAL REVENUE, 2018-2020 (USD MILLION) 99

    FIGURE 49 EMERSON ELECTRIC COMPANY: GEOGRAPHICAL REVENUE MIX, 2020 (%) 100

    FIGURE 51 EMERSON ELECTRIC COMPANY: SWOT ANALYSIS 101

    FIGURE 52 CARGOTEC CORPORATION (PARENT COMPANY) : TOTAL REVENUE (2018-2020) 102

    FIGURE 53 CARGOTEC CORPORATION (PARENT COMPANY): GEOGRAPHY REVENUE MIX(2020) 103