Frontline players in marine shaft power meter space are likely to retain the lion's share owing to their remarkable technological innovations and concurrent development of cost-effective products. Significant reliance on M&A schemes besides portfolio refurbishments continue to entice long term growth. Additionally, advances in procuring eco-friendly variants with optimum speed and power customization are anticipated to further render growth in marine shaft power meter market.
According to a recent Fact.MR study, over 1,900 units of marine shaft power meter are likely to be sold in 2019. Growth of the marine shaft power meter market can be attributed to various factors including
- Growing seaborne trade that relies heavily on cargo carriers
- Development of technically advanced and cost-effective solution and increasing demand for new marine shaft power meter to optimize fuel saving
- Imposition of new regulations on the shipping industry to reduce greenhouse gas emission
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To sustain consumer preference amidst staggering competition, prominent players in marine shaft power meter market are also engaged in developing long term contracts with end-users. To cite an instance, UK based Datum Electronics has recently attained a new contract from Oldendroff Carriers to supply sophisticated shaft power torque meters for optimized ship performance monitoring system, complying with the latter's judicious fuel consumption vision besides realigning with emission control protocols. These recent developments are poised to diversify growth potential in marine shaft power meter market in subsequent times. Further in the ambit of competition spectrum, global provider of fiber optic monitoring systems, Light Structures has recently concluded an acquisition deal of Korea based Global Marine Engineering to diversify its offerings in marine shaft power meter market.
Market Structure
The report on the marine shaft power meter market provides a segment-wise analysis of the market. The marine shaft power meter market is segmented on the basis of application, sales channel, and display type. These segments are further divided into sub-segments to offer insights and in-depth analysis of the market.
Based on the application, the marine shaft power meter market is segmented into passenger vessels, cargo carriers (tankers, container ships, and other cargo carriers), and other vessels.
On the basis of display type, the marine shaft power meter market segmentation includes, digital display and analogue display. Based on the sales channel, the marine shaft power meter market is segmented into OEM and aftermarket sales channel.
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The report aims to offer readers with ample competitive advantage and cues on market entry barriers, based on which aspiring market entrants as well as established players can drive profitable investment discretion. To aid readers’ understanding the report is systematically classified into detailed chapters. In its trailing sections the report also includes a detailed chapter on segmental analysis of marine shaft power meter market to offer veritable insights on segments’ historical and future growth estimations. Further in the course of the report readers are also enlightened about regional assessment of pivotal factors.
Marine Shaft Power Meter Market: Competition Landscape
This section of the report offers a detailed section on key contributors in marine shaft power meter market. A dashboard view of each of the mentioned profiles complete with detailed insights on their respective SWOT analysis along with detailed assessment of their product portfolio, market contribution, as well as recent developments have been slated to aid readers’ understanding about the competition spectrum.
The report allows readers to maneuver competitive and tactical business strategies based on aforementioned insights and ensure sustained revenue pools in marine shaft power meter market.
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