Axiom MRC has updated all it's market research reports with the Economic Impact Analysis of COVID19 Pandemic on the market. Our team of analyst are following Comprehensive Three Dimensional (3D) Research Methodology along with large number primary interviews with key industry participants to bring insightful market reports to meet the current market requirements.
Marine fuel pump is a vital part of ship which supplies definite amount of fuel to all cylinders irrespective of the load at a correct time interval based on the firing order. The Marine fuel pump controls the capacity volume and timing of fuel injection into the cylinder of an engine to maintain optimal pressure between the pump and carburetor to prevent fuel from overheating. This determines the production parameters of a marine diesel engine. The fuel pump providing a high pressure fuel to the injector which opens the valve against the spring tension to inject atomized fuel to the cylinder. The main two types of fuel pump used in marine industry are jerk type and common rail injection system. Moreover, marine fuel pump offers significant benefits for smooth operation of the engine, such as reliability, high-performance acceleration and smooth idling, which is expected fuel the growth of the marine fuel pump market.
The key factor driving the growth of marine fuel pump market is growing-cargo based shipbuilding industry along with increasing fleet of cruise vessels. In addition, expanding fleet of sea vessels across diverse sectors such as commercial inland waterways, bulk oil & gas carriers, maritime tourism, fish trawlers, etc. which improvising strategic importance of building and maintaining robust ships with the advanced technologies, leading to the growth of marine diesel engine market.
The exclusive COVID 19 impact analysis report by Axiom MRC provides a 3600 analysis of micro and macro-economic factors on the marine fuel pump market. In addition, complete analysis of changes on the marine fuel pump market expenditure, economic and international policies on supply and demand side. The report also studies the impact of pandemic on global economies, international trade, business investments, GDP and marketing strategies of key players present in the market. COVID-19 impact on the marine fuel pump was negative as the production and supply was stopped moreover less activity of commercial vessels and offshore support ships has ultimately affected in negative manner for the growth of marine fuel pump market.
The marine fuel pump market is segmented based on by product type, by power rating, by application and by geography.
The marine fuel pump are available in different product types including jerk type and common rail injection type. Jerk type has the simplest mechanism which works with a plunger inside a barrel attached to a helical spring. The helix controls fuel injected in it. When the pump gets activated, the plunger pushes down, opening the spill and suction ports and allowing the barrel to fill with oil. Whereas common rail injectors are often used in dual fuel engines. Common rail injectors are structurally and functionally very similar to injectors operating in the automotive industry.
Depending on power rating the marine fuel pump are present in 0 –2,000 hp, 2,000 –10,000 hp, 10,000 –20,000 hp, 20,000–50,000 hp, 50,000 –80,000 hp, above 80,000 hp. The 5001-10,000 hp is mostly preferred power rating in global marine fuel pump market as it has major usage in commercial medium-sized ferries, military patrol boats and maritime tourism.
Marine fuel pump finds its major applications in inland waterways, commercial vessels and offshore support ships. The commercial vessels holds significant market share in the global marine fuel pump market owing to increasing deployment by private companies in oil and gas sector. Moreover, growing number of commercial vessels and consequent efficiency gains, have been a major factor in enabling costs for containers, for oil and gas and for bulk traffic to be contained, thus encouraging growth in trade.
Geographically the global marine fuel pump market is studied for the following region North America, Europe, Asia-Pacific and Rest of the world (RoW). North America followed by Europe is expected to grow at a significant rate Whereas Asia Pacific is leading region and is expected to register a substantial growth in this market as major shipbuilding countries. Existence of skilled labor and low manufacturing costs has majorly contributed to the growth in this region. Growing economies of the region is due to presence of China, South Korea, Singapore and Malaysia which are actively involved in ship building hubs as well as maritime trade activities. In addition, demand for Marine Fuel Pump has recently increased which is expected to drive the future growth of global market for Marine Fuel Pump.
The key players in marine fuel pump market are Caterpillar Inc., Cummins Inc., Delphi Automotive Plc., Denso Corporation, Liebherr International Ag, Man Se, Robert Bosch Gmbh, Rolls-Royce Holdings Plc., Woodward Inc. and Yanmar Co. Ltd. among others.
November 2019: MAN had launched new patented Mk3 injection pump for the MAN 32/40CD engine that provides significantly increased reliability and almost doubles its TBO, compared to the market standard. The new pump is significantly more environmentally friendly and cost-effective.
March 2019: BP had launched new climate compliant marine fuel for shipping. The new product is very low sulphur fuel oil (VLSFO) ahead of a ban on more polluting fuels for the shipping industry.
The report analyses the global marine fuel pump market based on by product type, by power rating, by application and by geography. The marine fuel pump are available in different product types including jerk type and common rail injection type. Depending on power rating the marine fuel pump are present in 0 –2,000 hp, 2,000 –10,000 hp, 10,000 –20,000 hp, 20,000–50,000 hp, 50,000 –80,000 hp, above 80,000 hp. Marine fuel pump finds its major applications in inland waterways, commercial vessels and offshore support ships. Geographically the global marine fuel pump market is studied for the following region North America, Europe, Asia-Pacific and Rest of the world (RoW)
The key players in marine fuel pump market are Caterpillar Inc., Cummins Inc., Delphi Automotive Plc., Denso Corporation, Liebherr International Ag, Man Se, Robert Bosch Gmbh, Rolls-Royce Holdings Plc., Woodward Inc. and Yanmar Co. Ltd. among others.
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