Marine Shaft Power Meter Market Trends and Forecast : A Comprehensive Industry Analysis (2023-2032)

A marine shaft power meteris the key technology that measures real time torque, power, and speed of marine shaft. Marine shaft power meter works using a strain gage to measure torque and a tachometer to measure shaft speed.

Power is calculated by combining speed and torque in a simple equation. Global maritime trade has witnessed the fastest growth in last five years, according to the United Nations Conference on Trade and Development (UNCTAD).

Growth and expansion in maritime trade will lead to lucrative growth of whole marine industry. The growing use of water crafts for trade and leisure recreation is also driving the adoption of marine shaft power meter market.

Fleet owners are considering inclusion of efficiency measures such as optimizing shaft power and speed, and other measures to meet mandatory MRV regulation that recently came into force in Europe. Hence the global marine shaft power meter market will grow considerably from 2021-2030.

𝐆𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐚𝐠𝐞𝐬 & 𝐓𝐎𝐂 : https://www.alliedmarketresearch.com/request-toc-and-sample/A11737

𝐂𝐎𝐕𝐈𝐃-𝟏𝟗 𝐈𝐦𝐩𝐚𝐜𝐭 𝐚𝐧𝐚𝐥𝐲𝐬𝐢𝐬

The lockdown period after the outbreak of the COVID-19 pandemic has impacted marine shaft power meter market tremendously. The manufacturing and production units were shut during lockdown in most of the countries which resulted to decline in the production and demand for marine shaft power meter.

Almost 80% of the global trade is carried by sea routes. Due to imposition of lockdown and COVID-19 containment policies, trade via sea route was also halted for the time being.

Open-ups will help marine shaft power meter market to regain the growth and brighter future prospects. Significant growth can be observed during the forecast period.

𝐓𝐨𝐩 𝐈𝐦𝐩𝐚𝐜𝐭𝐢𝐧𝐠 𝐅𝐚𝐜𝐭𝐨𝐫𝐬

To achieve target reduction in greenhouse gas emissions, the use of marine shaft power meter and new devices by ship-owners and operators is growing consistently which gives global marine shaft market an opportunity.

The growing prominence of developing countries in global seaborne trade flows in terms of both exports and imports is driving global marine shaft power meter market.

Rising demand for cost-efficient, technologically advanced, and safe marine shaft power meter is a challenge for manufacturers resulting in high development cost in cost competitive market.

𝐌𝐚𝐫𝐤𝐞𝐭 𝐓𝐫𝐞𝐧𝐝𝐬

𝐒𝐭𝐫𝐢𝐧𝐠𝐞𝐧𝐭 𝐞𝐦𝐢𝐬𝐬𝐢𝐨𝐧 𝐧𝐨𝐫𝐦𝐬 𝐭𝐨 𝐫𝐞𝐢𝐧𝐟𝐨𝐫𝐜𝐞 𝐭𝐡𝐞 𝐝𝐞𝐦𝐚𝐧𝐝

Reduction of greenhouse gas emission from fleets remains a key area for the global shipping industry. The broader aims of reducing total annual greenhouse gas emission by minimum of 50% in next 3 decades will entail a change in existing status-quo.

To achieve target reduction in emissions, the use of advance marine shaft power meter and new devices by fleet-owners and operators is growing significantly. Owners of ships are considering inclusion of efficiency measures such as optimizing shaft power and speed, and other measures to comply with MRV regulation that recently came into force in European commission.

𝐏𝐫𝐨𝐜𝐮𝐫𝐞 𝐂𝐨𝐦𝐩𝐥𝐞𝐭𝐞 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 𝐍𝐨𝐰 : https://www.alliedmarketresearch.com/marine-shaft-power-meter-market/purchase-options

𝐌𝐚𝐫𝐢𝐧𝐞 𝐭𝐫𝐚𝐝𝐞 𝐩𝐮𝐬𝐡𝐢𝐧𝐠 𝐭𝐡𝐞 𝐦𝐚𝐫𝐤𝐞𝐭

Global maritime trade expanded at 4% in 2017, with being the fastest growth in five years, according to the United Nations Conference on Trade and Development (UNCTAD). Companies in countries such as Greece, Canada and China are adding new container ships to their fleet.

The growing eminence of developing countries in global seaborne trade flows in both exports and imports is also creating significant opportunities for stakeholders more specifically OEMs.

𝐊𝐞𝐲 𝐁𝐞𝐧𝐞𝐟𝐢𝐭𝐬 𝐨𝐟 𝐭𝐡𝐞 𝐑𝐞𝐩𝐨𝐫𝐭

This study presents the analytical depiction of the marine shaft power meter industry along with the current trends and future estimations to determine the imminent investment pockets.

The report presents information related to key drivers, restraints, and opportunities along with challenges of the marine shaft power meter market.

The current market is quantitatively analyzed to highlight the marine shaft power meter market growth scenario.

The report provides a detailed marine shaft power meter market analysis based on competitive intensity and how the competition will take shape in coming years.

𝐈𝐧𝐪𝐮𝐢𝐫𝐞 𝐁𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠 : https://www.alliedmarketresearch.com/purchase-enquiry/A11737

𝐐𝐮𝐞𝐬𝐭𝐢𝐨𝐧𝐬 𝐚𝐧𝐬𝐰𝐞𝐫𝐞𝐝 𝐢𝐧 𝐭𝐡𝐞 𝐦𝐚𝐫𝐢𝐧𝐞 𝐬𝐡𝐚𝐟𝐭 𝐩𝐨𝐰𝐞𝐫 𝐦𝐞𝐭𝐞𝐫 𝐦𝐚𝐫𝐤𝐞𝐭 𝐫𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐫𝐞𝐩𝐨𝐫𝐭 :

Which are the leading market players active in the marine shaft power meter market?

What would be the detailed impact of COVID-19 on the market?

What current trends would influence the market in the next few years?

What are the driving factors, restraints, and opportunities in the marine shaft power meter market?

What are the projections for the future that would help in taking further strategic steps?

𝐂𝐨𝐧𝐭𝐚𝐜𝐭 :

David Correa
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