Marine Fuel Management Market 2016 Share, Trend and Forecast Marine Fuel Management Market - Global Industry An | Page 2

Asia Pacific to Continue as Leading Regional Market
On the basis of geography, the global market for marine fuel management is
classified into Europe, Latin America, North America, Latin America, Asia Pacific, and
the Middle East and Africa. With a share of more than 40%, Asia Pacific led the
global market in 2015. Thanks to the increase in shipbuilding activities, flag
conversions, and the replacement of old vessels with new marine fuel management
systems, Asia Pacific is likely to emerge as a highly attractive market for marine fuel
management over the forthcoming years, maintaining its dominance over the global
market.
Europe, being the global center for suppliers and traders of shipping and bunker
fuel, has been providing good opportunities to marine fuel management
manufacturers. Analysts expect the Europe marine fuel management market to
remain seated in the second position in the years to come. The market in North
America, on the other hand, will witness a slowdown in the near future as it
approaching towards maturity. The marine fuel management markets in Latin
America and the Middle East and Africa are exhibiting great potential for future
growth, thanks to the increase in exploration activities in these regions.
Emerson, DNV-GL AS, ABB, Siemens AG, Eniram, Krill Systems Inc., Nautical Control
Solutions LP, Nautical Control Solutions LP, Banlaw Systems Ltd., Kaminco, Mustang
Technologies, Marorka, INTERSCHALT Maritime Systems GmbH, BMT Group, and
AquaMetro AG are some of the prominent participants in the global marine fuel
management market.
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