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    Marine Engine Monitoring System Market | Covid-19 Impact Analysis

    Marine Engine Monitoring System Market | Covid-19 Impact Analysis

    Marine Engine Monitoring System Market | Covid-19 Impact Analysis
    Report code - SRCG125 Delivery - 2 Weeks
    Marine Engine Monitoring System Market Size, Share, Trend, Forecast, & Competitive Ana See more...
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    Impact of COVID-19 on Marine Engine Monitoring System Market

    Covid-19 has impacted the market dynamics, competition, and global...

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    Impact of COVID-19 on Marine Engine Monitoring System Market

    Covid-19 has impacted the market dynamics, competition, and global supply chains. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.

    Note: The summary below might not have included insights on covid impact since we have large number of reports.

    Marine Engine Monitoring System Market Insights

    Marine Engine Monitoring System Market is likely to witness an impressive CAGR of 5.2% during the forecast period.  Surge in international seaborne trade, increase in demand for deliveries of smart engines, recreational boats, and growth in maritime tourism are the key factors influencing the growth of the marine engine monitoring system market.

    Marine Engine Monitoring System Market - Snapshot

    Growth

    5.2% for the next five years

    Major Ship Type

    Commercial

    Region with the highest demand

    Europe

    Key Players

    ABB Group, AST Group, Caterpillar, Cummins, CMR Group, Emerson Electric, Hyundai Heavy Industries, Jason Marine Group, Kistler Group, and Kongsberg Gruppen.

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    Market Share Analysis

    Marine Engine Monitoring System Market Forecast

    Marine Engine Monitoring System Market Share: By Ship Type

    Based on the ship type, the market is segmented as commercial and naval. The commercial segment is estimated to be the larger ship type segment during the forecast period. The growth of this segment is owing to the snowballing use of merchant ships for commercial transportation. The market is immensely influenced by the increase in trading activities and growth in maritime tourism, which has led to the growing demand for cargo and passenger ships globally, which, in turn, is underpinning the demand for ship deliveries, which has further emboldened the demand for marine engine monitoring systems.  

    Marine Engine Monitoring System Market Share: By Region

    In terms of regions, the marine engine monitoring system market in Europe is estimated to register the highest growth during the forecast period, driven by the restructuring efforts undertaken by ship manufacturing companies in the region and increasing investments in the defense sector. Asia-Pacific is estimated as the largest market for marine engine monitoring system. Over the recent years, this region has depicted rapid economic development as well as the growth of the manufacturing and energy sectors, thereby accelerating maritime trade. The rise in seaborne trade has subsequently contributed to a rise in the demand for ships used to transport manufactured goods globally. China, South Korea, and Japan are the growth engines of the Asia-Pacific region.

    Marine Engine Monitoring System Market Analysis

     Marine Engine Monitoring System Market: Key Players

    Some of the major players in the marine engine monitoring system market are-

    • ABB Group
    • AST Group
    • Caterpillar
    • Cummins
    • CMR Group
    • Emerson Electric
    • Hyundai Heavy Industries
    • Jason Marine Group
    • Kistler Group
    • Kongsberg Gruppen

     

    Market Scope & segmentation

    Marine Engine Monitoring System refers to the use of vessel engines and vessel generators for the purpose of monitoring proper thrust, propulsion, and other factors.

    Marine Engine Monitoring System works on hardware as well as software mechanism, Commercial and naval are the two ship types where marine engine monitoring system is used.

    This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

    Marine Engine Monitoring System Market Report - Features

    Market Segmentation

    6

    Regions Covered

    4

    Countries/Sub-Regions Covered

    15

    No. of Figures & Tables

    >150

    Company Profiles

    10

             

    The marine engine monitoring system market is segmented into the following categories. 

    Marine Engine Monitoring System Market Size, Share & Forecast, by Component Type:

    • Hardware
      • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
      • (Component Type Analysis: Displays and Control Modules, Controller, Routers & Switches, and Sensors)
    • Software (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Marine Engine Monitoring System Market Size, Share & Forecast, by Engine Type:

    • Propulsion Engine
      • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
      • (Engine Type Analysis: Gas Turbine, Diesel Engine, Steam Engine, and Dual-Fuel Engine)
    • Auxiliary Engine (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Marine Engine Monitoring System Market Size, Share & Forecast, by Ship Type:

    • Commercial
      • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
      • (Ship Type Analysis: Merchant Ships and Recreational Boats)
    • Naval
      • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
      • (Ship Type Analysis: Surface Naval Ships and Underwater Naval Ships)

    Marine Engine Monitoring System Market Size, Share & Forecast, by Deployment Type:

    • Remote (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • On-Board (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Marine Engine Monitoring System Market Size, Share & Forecast, by End-User Type:

    • OEM (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Aftermarket (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Marine Engine Monitoring System Market Size, Share & Forecast, by Region:

    • North America (Country Analysis: the USA, Canada, and Mexico) 
    • Europe (Country Analysis: Germany, France, the UK, Russia, and Rest of Europe)
    • Asia-Pacific (Country Analysis: China, Japan, India, and Rest of Asia-Pacific)
    • Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

    Marine Engine Monitoring System Market Forecast

    Research Methodology

    This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conduct more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

     

    Report Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

    • Market structure: Overview, industry life cycle analysis, supply chain analysis
    • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
    • Market trend and forecast analysis
    • Market segment trend and forecast
    • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
    • Attractive market segments and associated growth opportunities
    • Emerging trends
    • Strategic growth opportunities for the existing and new players
    • Key success factors

     

    Report Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to 3 players)
    • SWOT analysis of key players (up to 3 players)

    Market Segmentation

    • Current market segmentation of any one of the component types by end-user type.  

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected]


    Frequently Asked Questions (FAQs)

    What will be the growth of Marine Engine Monitoring System Market in the foreseeable future?

    Driven by the factors like surge in international seaborne trade & increase in demand for deliveries of smart engines, the marine engine monitoring system market is expected to witness an impressive growth of 5.2% CAGR.

    Who are the key players in the Marine Engine Monitoring System Market?

    ABB Group, AST Group, Caterpillar, Cummins, CMR Group, Emerson Electric, Hyundai Heavy Industries, Jason Marine Group, Kistler Group, and Kongsberg Gruppen are among the key players in the marine engine monitoring system market.

    Which country/region is expected to be the largest Marine Engine Monitoring System Market?

    Asia-Pacific is estimated as the largest market for marine engine monitoring system during the next five years.

    Which ship type is expected to be the larger segment?

    The commercial segment is estimated to be the larger ship type segment during the forecast period.

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