openPR Logo
Press release

Cargo Carriers Accounted for 5 in 10 Marine Shaft Power Meters Sold in 2018, finds Fact.MR

01-21-2019 01:10 PM CET | Industry, Real Estate & Construction

Press release from: Fact.MR

Cargo Carriers Accounted for 5 in 10 Marine Shaft Power Meters

According to a recent Fact.MR study, over 1,900 units of marine shaft power meter are likely to be sold in 2019. Growth of the marine shaft power meter market can be attributed to various factors including

Growing seaborne trade that relies heavily on cargo carriers
Development of technically advanced and cost-effective solution and increasing demand for new marine shaft power meter to optimize fuel saving
Imposition of new regulations on the shipping industry to reduce greenhouse gas emission
The study opines that cargo carriers hold relatively larger share of the marine shaft power meter market, than passenger vessels. More than 50% volume sales of the marine shaft power meter were held by cargo carriers in 2018. This can be attributed to efforts of ship owners in Germany, China, and Canada, toward strengthening their hold in the container space, in line with the upward trend of container-based shipping services in sea-borne trade.

Seaborne trade will continue to expand worldwide on the back of competitive freight cost, as carriers increasingly invest in large container vessels for realizing the supply and demand balance. Freight carriers are also making significant investments in green technologies, to comply with new regulations, and meet logistics demands of companies that seek sustainable transport solution.

Request For Sample Report- https://www.factmr.com/connectus/sample?flag=S&rep_id=1504

The Fact.MR study estimates robust sales of the marine shaft power meter in cargo ships and tankers, along with steady demand from passenger vessels, including high-speed crafts, fishing vessels, and cruise liners. Adoption of marine shaft power meters in passenger vessels is underpinned by the requirement of optimum fuel consumption, and investigating engine performance, and shaft power measurement solutions.

APEJ to Retain its Hegemony in Marine Shaft Power Meter Market

APEJ is expected to hold pole position in the marine shaft power meter market in 2019, with volume sales envisaged to surpass 1,000 units. Revenues from the marine shaft power meter market in Japan are expected to be relatively lower than APEJ. These regions with their flourishing shipping industry and increasing marine trade offer potential growth opportunities for marine shaft power meter manufacturers.

Developing countries in APEJ such as China and South Korea are highly lucrative markets for marine shaft power meter collectively accounting for over four-fifth volume share, finds Fact.MR study. Ongoing recovery of shipbuilding activities is a key factor driving demand for marine shaft power meter in these APEJ countries.

Browse Full Report on Marine Shaft Power Meter Market with TOC- https://www.factmr.com/report/1504/marine-shaft-power-meter-market

“Technological advances in the shipping industry including autonomous ships and blockchain application, hold considerable promise for the supply side of shipping. Combining on-board system and digital platforms is also on a rise in vessels and cargo. The volume of world trade by sea has started to gradually increase in recent years, with growing demand for goods and raw materials by emerging economies,” reveals Fact.MR study.

The study further states, “Complementing efforts by the shipping industry to address greenhouse gas emission, International Maritime Organization (IMO) has set an emission reduction target. These targets have been introduced in form of mandatory energy-efficiency requirements. This is resulting in the growing demand for marine shaft power meter system by the shipping companies to improve efficiency and reduce fuel consumption. Meanwhile, recently released MRV regulation in Europe has made it mandatory to shipping companies to get their emission report verified and receive Document of Compliance (DOC) to prevent any penalty.”  

In a bid to meet the demand for significant sustainability and optimize fuel consumption, the shipping industry’s reliance on technically advanced marine shaft power meter has substantially increased in recent years. Fact.MR expects that sales of marine shaft power meter through OEM will register significant growth, with sales projected to exceed 1,800 units in 2019. 

The Fact.MR report offers key insights on the marine shaft power meter market for the period 2018-2028. According to the report, marine shaft power meter market is expected to register 3.0% CAGR in terms of volume between 2018 and 2028.

Ask Our Industry Expert on for details on report- https://www.factmr.com/connectus/sample?flag=AE&rep_id=1504

About Fact.MR

Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that's why we publish multi-industry global, regional, and country-specific research reports.

Contact Us

Fact.MR
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Email: sales@factmr.com
Web: https://www.factmr.com/

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Cargo Carriers Accounted for 5 in 10 Marine Shaft Power Meters Sold in 2018, finds Fact.MR here

News-ID: 1517341 • Views:

More Releases from Fact.MR

Corrosion under Insulation Monitoring Market is Projected to Reach USD 475.2 Million by 2035
Corrosion under Insulation Monitoring Market is Projected to Reach USD 475.2 Mil …
The global corrosion under insulation (CUI) monitoring market is valued at USD 140 million in 2025 and is projected to grow at a CAGR of 13.0%, reaching USD 475.2 million by 2035. This expansion reflects the increasing need for advanced monitoring solutions in industries like oil & gas, chemical, and power, where CUI poses significant risks to infrastructure integrity. Historical growth from 2020 to 2024 was at a CAGR of
Modular Biometric Access Control Terminals Market Valued at US$ 1.3 Billion in Europe | Fact.MR Report
Modular Biometric Access Control Terminals Market Valued at US$ 1.3 Billion in E …
Modular Biometric Access Control Terminals Market is projected to grow from USD 11.3 billion in 2025 to USD 31.4 billion by 2035, expanding at a CAGR of 10.8% during the forecast period. This significant growth is driven by advancements in technology, transitioning from manual lock systems to electronic entry systems, and the widespread adoption of modular biometric terminals for enhanced security. These systems are increasingly vital in commercial, residential, and
U.S. Patient Positioning System Market Growth Supported by Rising Diagnostic and Imaging Procedures, With CAGR of 4.5% by 2035
09-05-2025 | Health & Medicine
Fact.MR
U.S. Patient Positioning System Market Growth Supported by Rising Diagnostic and …
The U.S. patient positioning system market was valued at USD 228 million in 2024 and is projected to grow at a CAGR of 4.5% from 2025 to 2035, reaching USD 370 million by the end of the forecast period. This growth represents an absolute dollar opportunity of USD 131.6 million, driven by increasing surgical procedures, technological advancements, and rising healthcare needs. Historically, the market expanded at a CAGR of 4.0%
Mixed Mode Chromatography Resin Market is Projected to Reach USD 743 Million and, U.S. expected 16.9% by 2035
09-05-2025 | Health & Medicine
Fact.MR
Mixed Mode Chromatography Resin Market is Projected to Reach USD 743 Million and …
Mixed mode chromatography resins market is valued at USD 172 million in 2025 and is projected to grow at a CAGR of 15.7%, reaching USD 743 million by 2035. These resins use multimodal ligands, enabling protein binding through ionic, hydrogen bonding, and hydrophobic interactions, offering improved selectivity, resolution, and capacity compared to single-mode systems. This growth is driven by the increasing demand for sophisticated purification methods in biologics and biosimilar

All 5 Releases


More Releases for APEJ

APEJ to Spearhead the Global Soy Protein Hydrolysate by 2026
The Global Dietary Supplements Industry Current Scenario and Outlook The unprecedented COVID-19 outbreak has brought significant challenges for various industries across the globe. Stringent restrictions on movement, production, supply of raw materials, and limited stocks have affected the growth of businesses to a great extent.However, with the roll out of the vaccination process in countries like the U.S., the U.K., China, India, and Germany, manufacturers are gaining momentum in terms of
Lacquer Market : APEJ to be the largest market through 2028
Global demand for lacquers is likely to reach roughly 7 million tons in 2018, as applications in furniture, automotive, and architectural industries create sustained growth opportunities. The shift from solvent-based to water-based lacquers will become more palpable in the next decade, as a combination of environmental compliance and end-user consciousness induces changes in manufacturing and uptake. The long-term outlook on lacquer market remains bullish, with novel applications in cosmetics likely
Dimethylolpropionic Acid (DMPA) Market: APEJ to Remain Largest Consuming
Future Market Insights (FMI) delivers key insights on the global dimethylolpropionic acid market in its upcoming report titled “Dimethylolpropionic Acid (DMPA) Market: Global Industry Analysis and Opportunity Assessment 2015–2020”. The global Dimethylolpropionic Acid (DMPA) market is projected to expand at a CAGR of over 8% during the forecast period (2015–2020), largely due to increasing demand for polyurethane dispersions, regarding which FMI offers vital insights in detail in this report. On the
Global Construction Polymer Manufacturing to Remain Concentred in the APEJ Regio …
Over the years, the global construction industry has emerged as the largest consumer of polymer composites. Surging use of polymer and polymer composite materials in the construction industry has been instrumented by the technical, structural, architectural, and designing advantages of construction polymers over conventional construction materials such as dust, sand and concrete. Future Market Insights’ new report reveals that by the end of 2026, over US$ 135 Mn worth of
APEJ Automotive Aftermarket to hit US$ 218.73 Bn by 2025
Future Market Insights (FMI) announces release of its latest market outlook forecast titled “Automotive Aftermarket: Asia-Pacific Excl. Japan (APEJ) Industry Analysis and Opportunity Assessment 2015 - 2025”. According to this report, automotive aftermarket components in Asia Pacific is anticipated to account for US$ 218.73 Bn by 2025, registering a compound annual growth rate (CAGR) of 9.1% throughout the forecast period. The automotive aftermarket is a secondary market, which plays a
APEJ Automotive Aftermarket Poised to hit US$ 218.73 Bn by 2025
Future Market Insights (FMI) announces release of its latest market outlook forecast titled “Automotive Aftermarket: Asia-Pacific Excl. Japan (APEJ) Industry Analysis and Opportunity Assessment 2015 - 2025”. According to this report, automotive aftermarket components in Asia Pacific is anticipated to account for US$ 218.73 Bn by 2025, registering a compound annual growth rate (CAGR) of 9.1% throughout the forecast period. The automotive aftermarket is a secondary market, which plays a