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Offshore Support Vessel On-board Fuel Monitoring System Market Top Keyplayers ABB, Ascenz Solutions Pte Ltd., Aquametro Oil & Marine AG, BOURBON, CMR Group, DNV GL, EMA Group (BlueTracker), Emerson Electric Co., Ian-Conrad Bergan

05-22-2019 10:58 AM CET | IT, New Media & Software

Press release from: Coherent Market Insights

Offshore Support Vessel On-board Fuel Monitoring

Offshore Support Vessel On-board Fuel Monitoring

Global offshore support vessel on-board fuel monitoring system market generated revenue of US$ 507.6 million in 2017. By 2026, the offshore support vessel on-board fuel monitoring system market is expected to be valued at US$ 910.2 million, witnessing a CAGR of 6.9% over the forecast period.

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Increase in enforcement of environmental regulations and small profit margins in the shipping industry has led to increasing focus on installing on-board fuel monitoring system, which helps to optimize performance of the vessel. For instance, according to International Marinetime Organization (IMO) Regulation 22, it is mandatory for all ships to have an International Energy Efficiency Certificate (IEEC). The IEEC requires the presence of a Ship Energy Efficiency Management Plan (SEEMP) on board.

Asia Pacific held dominant position in the global offshore support vessel on-board fuel monitoring system market in 2017, and is projected to retain its dominance throughout the forecast period. The oil and gas industry is growing at a substantial rate by implementing subsea processing facilities. Inspection, Maintenance, and Repair (IMR) vessels are equipped with an IMO Class II or Class III Dynamic Positioning System and have the latest technology on board.

Global Offshore Support Vessel On-board Fuel Monitoring System Market: Key Players

Major players operating in the global offshore support vessel on-board fuel monitoring system industry include, ABB, Ascenz Solutions Pte Ltd., Aquametro Oil & Marine AG, BOURBON, CMR Group, DNV GL, EMA Group (BlueTracker), Emerson Electric Co., Ian-Conrad Bergan, LLC (Bergan Blue), Insatech A/S, Krill Systems, Inc., KROHNE Messtechnik GmbH, Marorka Ehf., Nautical Control Solutions (FUELTRAX), Navis, Opsealog, Power Instruments Pte Ltd., Royston Limited, The Triscan Group, World Fuel Services Corporation, and Yxney Maritime AS.

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Detailed Segmentation:
• Global Offshore Support Vessel on-Board Fuel Monitoring System Market, By Vessel Type:
o Anchor Handling Towing and Supply Vessel (AHTS)
o Seismic Vessel
o Platform Supply Vessel (PSV)
o Well Intervention Vessel
o Diving Support Vessel (DSV)
o Inspection, Maintenance and Repair Vessel (IMR)
o Remote Operating Vessel (ROV)
o Others

• Global Offshore Support Vessel on-Board Fuel Monitoring System Market, By Component:
o Hardware
 Flow Meters
 Sensors
 Others
o Software
o Services
 Installation
 Training, Maintenance & Support
 Consulting

• Global Offshore Support Vessel on-Board Fuel Monitoring System Market, By Application:
o Data Analytics
o Performance Optimization
o Predictive Maintenance

About Coherent Market Insights:
Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

Contact Us:
Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com

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