Marine Fuel Injection System Market Size, Share & Industry Analysis, By Component (Fuel Injector, Fuel Valves, Fuel Pump, Others), By Power Rating (Up to 2000 HP, 2000 HP 10,000 HP, 10,000 HP 20,000 HP, 20,000 HP 50,000 HP, 50,000 HP 80,000 HP, Above 80,000 HP), By Application (Inland Waterways, Commercial Vessels, Support Vessels) and Regional Forecast, 2024-2032

Marine fuel injection systems form the vital part of the ship as these are the important equipment which drives the ship. The primary function of the marine fuel injection systems is to provide an adequate amount of fuel to the engine cylinder at the required time in a proper amount. This is important to ensure highest combustion efficiency in the cylinder. The increased research and development to enhance the performance of the fuel injecting systems will drive the growth of the market over the given forecast period.

The other factors which will accompany the growth of the global marine fuel injection system market over the given forecast period are the increasing trades between countries, growing shipbuilding industry, increased exploration activities to satisfy the energy demand and rising maritime tourism.

On the basis of its component, the global marine fuel injection system market can be segmented into fuel injection, fuel valves, fuel pump, and others. The fuel injections are the most worn part of the injection system and need to be changed. Therefore, the fuel injection segment holds a greater market share in the global marine fuel injection system market. On the basis of its power rating the global marine fuel injection system market can be segmented into 0 HP -2,000 HP, 2,000 HP – 10,000 HP, 10,000 HP – 20,000 HP, 20,000 HP – 50,000 HP, 50,000 HP- 80,000HP, and greater than 80,000 HP.

On the basis of its application, the global marine fuel injection system market can be segmented into inland waterways, commercial vessels, and offshore support vessels. The commercial vessels held the largest market share owing to increased deployment by private companies in the oil and gas sector.    

The major market driver for the global marine fuel injection system market is the increase in a number of exploration activities which have increased the deploying rate of bunkers, and other load-carrying ships in onshore exploration. The construction of new vessels is also expected to drive the growth of the global marine fuel injection system market in the given forecast period.

Key market restraint for the global marine fuel injection system market is the decline seen in international trade been seen in recent years. The offshore exploration activities have also witnessed a downfall which can directly hamper the growth of the global marine fuel injection system market.

Key Players Covered

Some of the notable companies in the global marine fuel injection system market are Caterpillar Inc., Cummins Inc., YANMAR Europe, DENSO, Holley Performance Products, Chevrolet, Edelbrock Corporation, AZ Speed and Marine, Chris-Marine AB, DUAP Industries Inc, Kimpex, Scania Group, Daihatsu, and Volvo Penta.

Segmentation

Regional Analysis

The global marine fuel injection system market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market for marine fuel injection systems has a major share in the Asia Pacific region with the major manufacturers for the commercial vessels present in the region. Also, increased exploration activities have augmented the growth of the market in the region. The market has great opportunities in North America as the USA has entered the trade of the strategic reserves it owns. Also the strengthening of the defense forces being carried out in the Europe region, which has increased the naval ships deployment in each country has positively impacted the growth of the marine fuel injection system market in the region. The rising exploration activities taking place in the Latin America region and offshore belts in Europe region will also drive the growth of the marine fuel injection system market in the regions over the given forecast period.

Key Industry Developments

• In October 2018, HyDIME (Hydrogen Diesel Injection in a Marine Environment) project which involves the use of hydrogen directly into the fuel supply was funded by Innovate UK. The project mainly focuses on the use of hydrogen with diesel to power the ferries. The project would be carried out in consortium being led by Ferguson Marine Engineering, Orkney Islands Councils, EMEC, and the High-Speed Sustainable Manufacturing Institute.  


• In June 2019, Volvo Penta introduced next-gen D4 & D6 propulsion packages which have over 100,000 units produced. The advantages of using the new packages are the ore power, reliability, and operating costs are cut to one-third. These factors are attractive for the boat owners, lowering their cost of ownership and improved performance.