Global Marine Shaft Power Meter Market to grow with 3.0% CAGR during forecast period (2018-2028)

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

Click here to Get Synopsis of the Report @ https://www.factmr.com/report/1504/marine-shaft-power-meter-market

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..

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..

This Press Release will help you to understand the market Statistics of European Region.Click HERE To get SAMPLE PDF (Including Full TOC, Table & Figures) at @ https://www.factmr.com/connectus/sample?flag=S&rep_id=1504

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.

“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.

For information on the Research Approach used in the Report, Ask for Methodology @ https://www.factmr.com/connectus/sample?flag=RM&rep_id=1504

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.

Contact:
US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583

Corporate Headquarter:
Unit No: AU-01-H Gold Tower (AU),
Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers,
Dubai, United Arab Emirates
E: sales@factmr.com
Website: https://www.factmr.com

About Us:

Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Our sales offices in United States and Dublin, Ireland. Reach out to us with your goals, and we’ll be an able research partner.

This release was published on openPR.