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Global Marine Engine Monitoring System Market 2019-2023 - Product Image

Global Marine Engine Monitoring System Market 2019-2023

  • ID: 4749724
  • Report
  • Region: Global
  • 117 pages
  • TechNavio
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FEATURED COMPANIES

  • ABB
  • Caterpillar
  • Emerson Electric
  • Kongsberg Group
  • Siemens
  • Wärtsilä
  • MORE
The global naval market is growth in investment in auxiliaries such as oilers and supply ships to support the naval fleet in long-range operations of a country. The growth of naval capabilities will result in the growth of automation, cybersecurity, sensor integration, and related technologies. Therefore, the growth of the naval market in developed countries and emerging economies during the forecast period is likely to be balanced and sustainable. This will lead to foster demand for marine engines, and in turn, will drive the market for as monitoring systems. The analysts have predicted that the marine engine monitoring system market will register a CAGR of over 3% by 2023.

Market Overview

Need to reduce overall operational expenses

The increasing cost of fuel and the lack of skilled staff are significant challenges that adversely impact naval and commercial ship operators. The use of automated solutions in the marine industry reduces the need for workers. Efficient power management systems also reduce the overall energy consumption in vessels. The marine industry deals with foreign currency and records high competition. Therefore, control on operational expenses helps ship operators to widen their profit margins.

Reduced manufacturing of new vessels

The growth of the global marine engine monitoring system is significantly dependent on new shipbuilding requirements. The significant Asian shipbuilding countries, such as China and Singapore, observed a steep decline for new ships between 2016 and 2017. This affected the automation systems market in the marine industry. The adverse impact of this challenge is expected to sustain during the forecast period.

For the detailed list of factors that will drive and challenge the growth of the marine engine monitoring system market during the 2019-2023, view this report.

Competitive Landscape

The marine engine monitoring system market is moderately fragmented with the vendors focusing on the development of automation systems for the marine industry. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market’s competitive landscape and offering information on the products offered by companies.
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • ABB
  • Caterpillar
  • Emerson Electric
  • Kongsberg Group
  • Siemens
  • Wärtsilä
  • MORE
PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT
  • Preface
  • Currency conversion rates for US$
PART 03: MARKET LANDSCAPE
  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis
PART 04: MARKET SIZING
  • Market definition
  • Market sizing 2018
  • Market size and forecast 2018-2023
PART 05: FIVE FORCES ANALYSIS
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition
PART 06: MARKET SEGMENTATION BY APPLICATION
  • Market segmentation by application
  • Comparison by application
  • Propulsion - Market size and forecast 2018-2023
  • Auxiliary - Market size and forecast 2018-2023
  • Market opportunity by application
PART 07: CUSTOMER LANDSCAPE

PART 08: GEOGRAPHIC LANDSCAPE
  • Geographic segmentation
  • Geographic comparison
  • APAC - Market size and forecast 2018-2023
  • EMEA - Market size and forecast 2018-2023
  • Americas - Market size and forecast 2018-2023
  • Key leading countries
  • Market opportunity
PART 09: DRIVERS AND CHALLENGES
  • Market drivers
  • Market challenges
PART 10: MARKET TRENDS
  • Advent of Maritime Autonomous Surface Ships (MASS)
  • Inception of smart marine engine monitoring systems
  • Incorporation of intelligent propulsion systems
PART 11: VENDOR LANDSCAPE
  • Overview
  • Landscape disruption
  • Competitive scenario
PART 12: VENDOR ANALYSIS
  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • ABB
  • Caterpillar
  • Emerson Electric
  • Kongsberg Group
  • Siemens
  • Wärtsilä
PART 13: APPENDIX
  • Research methodology
List of abbreviations

List of Exhibits
Exhibit 01: Years in consideration
Exhibit 02: Global industrial automation control market
Exhibit 03: Segments of global industrial automation control market
Exhibit 04: Market characteristics
Exhibit 05: Market segments
Exhibit 06: Market definition - Inclusions and exclusions checklist
Exhibit 07: Market size 2018
Exhibit 08: Global market: Size and forecast 2018-2023 ($ millions)
Exhibit 09: Global market: Year-over-year growth 2019-2023 (%)
Exhibit 10: Five forces analysis 2018
Exhibit 11: Five forces analysis 2023
Exhibit 12: Bargaining power of buyers
Exhibit 13: Bargaining power of suppliers
Exhibit 14: Threat of new entrants
Exhibit 15: Threat of substitutes
Exhibit 16: Threat of rivalry
Exhibit 17: Market condition - Five forces 2018
Exhibit 18: Type - Market share 2018-2023 (%)
Exhibit 19: Comparison by application
Exhibit 20: Propulsion - Market size and forecast 2018-2023 ($ millions)
Exhibit 21: Propulsion - Year-over-year growth 2019-2023 (%)
Exhibit 22: Auxiliary - Market size and forecast 2018-2023 ($ millions)
Exhibit 23: Auxiliary - Year-over-year growth 2019-2023 (%)
Exhibit 24: Market opportunity by application
Exhibit 25: Customer landscape
Exhibit 26: Market share by geography 2018-2023 (%)
Exhibit 27: Geographic comparison
Exhibit 28: APAC - Market size and forecast 2018-2023 ($ millions)
Exhibit 29: APAC - Year-over-year growth 2019-2023 (%)
Exhibit 30: EMEA - Market size and forecast 2018-2023 ($ millions)
Exhibit 31: EMEA - Year-over-year growth 2019-2023 (%)
Exhibit 32: Americas - Market size and forecast 2018-2023 ($ millions)
Exhibit 33: Americas - Year-over-year growth 2019-2023 (%)
Exhibit 34: Key leading countries
Exhibit 35: Market opportunity
Exhibit 36: Decision framework
Exhibit 37: Impact of drivers and challenges
Exhibit 38: Vendor landscape
Exhibit 39: Landscape disruption
Exhibit 40: Vendors covered
Exhibit 41: Vendor classification
Exhibit 42: Market positioning of vendors
Exhibit 43: ABB - Vendor overview
Exhibit 44: ABB - Business segments
Exhibit 45: ABB - Organizational developments
Exhibit 46: ABB - Geographic focus
Exhibit 47: ABB - Segment focus
Exhibit 48: ABB - Key offerings
Exhibit 49: Caterpillar - Vendor overview
Exhibit 50: Caterpillar - Business segments
Exhibit 51: Caterpillar - Organizational developments
Exhibit 52: Caterpillar - Geographic focus
Exhibit 53: Caterpillar - Segment focus
Exhibit 54: Caterpillar - Key offerings
Exhibit 55: Emerson Electric - Vendor overview
Exhibit 56: Emerson Electric - Business segments
Exhibit 57: Emerson Electric - Organizational developments
Exhibit 58: Emerson Electric - Geographic focus
Exhibit 59: Emerson Electric - Segment focus
Exhibit 60: Emerson Electric - Key offerings
Exhibit 61: Kongsberg Group - Vendor overview
Exhibit 62: Kongsberg Group - Business segments
Exhibit 63: Kongsberg Group - Organizational developments
Exhibit 64: Kongsberg Group - Geographic focus
Exhibit 65: Kongsberg Group - Segment focus
Exhibit 66: Kongsberg Group - Key offerings
Exhibit 67: Siemens - Vendor overview
Exhibit 68: Siemens - Business segments
Exhibit 69: Siemens - Organizational developments
Exhibit 70: Siemens - Geographic focus
Exhibit 71: Siemens - Segment focus
Exhibit 72: Siemens - Key offerings
Exhibit 73: Wärtsilä - Vendor overview
Exhibit 74: Wärtsilä - Business segments
Exhibit 75: Wärtsilä - Geographic focus
Exhibit 76: Wärtsilä - Segment focus
Exhibit 77: Wärtsilä - Key offerings
Exhibit 78: Validation techniques employed for market sizing
Exhibit 79: List of abbreviations
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • ABB
  • Caterpillar
  • Emerson Electric
  • Kongsberg Group
  • Siemens
  • Wärtsilä
  • MORE
Global Marine Engine Monitoring System Market 2019-2023

The analyst recognizes the following companies as the key players in the global marine engine monitoring system market: ABB, Caterpillar, Emerson Electric, Kongsberg Group, Siemens, Wärtsilä.

Commenting on the report, an analyst from the research team said: “The latest trend gaining momentum in the market is the growing importance of big data analytics.”

According to the report, one of the major drivers for this market is the advent of maritime autonomous surface ships (MASS).

Further, the report states that one of the major factors hindering the growth of this market is the increased stringent regulations for marine engines.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Note: Product cover images may vary from those shown
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  • ABB
  • Caterpillar
  • Emerson Electric
  • Kongsberg Group
  • Siemens
  • Wärtsilä
Note: Product cover images may vary from those shown
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