Jan 14, 2020 (The Expresswire) -- Bunker Fuel Market 2020 Global research report is a professional and in-depth study on the market size, growth, share, trends, as well as industry analysis. Bunker Fuel Market by top manufacturers, type and application, with sales market share and growth rate Forecasts till 2024
The “ Bunker Fuel Market ”report offers a complete evaluation of this market, highlighting the growth boosters, obstructions, future prospects, and the changing competitive aspect of this market.The bunker fuel market analysis considers sales from high sulfur fuel and low sulfur fuel types. Our study also finds the sales of bunker fuel in APAC, Europe, MEA, North America, and South America.
The global Bunker Fuel market is valued at 84.34 MMT by the end of 2024, growing at a CAGR of 26.55% during 2020-2024. The objectives of this study are to define, segment, and project the size of the Bunker Fuel market based on company, product type, end-user, and key regions.
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In 2019, the low sulfur fuel segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as the implementation of MARPOL regulations which is restricting the use of fuels with a sulfur content more than 0.5% will play a significant role in the low sulfur fuel segment to maintain its market position. Also, our global bunker fuel market report looks at factors such as the increasing global volume of seaborne trade, expansion of marine fleets, and increasing global refining capacity. However, implementation of MARPOL regulations, fluctuations in the cost of crude oil, and increasing adoption of slow steaming may hamper the growth of the bunker fuel industry over the forecast period.
List of theTop Key Playersof Bunker Fuel Market:
E84.34 MMTon Mobil Corp
Indian Oil Corp Ltd
Ocean Bunkering Services (Pte) Ltd
PetroChina Co Ltd
Rosneft Oil Co
Royal Dutch Shell Plc
and TOTAL SA
The scope of the report covers all the major system technologies that are currently being implemented in the global Bunker Fuel industry. Market values are based on the end-user (public and private) based on the manufacturing of Bunker Fuel systems. Bunker Fuel market manufacturers place orders when they receive work orders from Bunker Fuel market operators such as commercial, military, and others. Therefore, market numbers are derived from the end-user perspective, considering their (Bunker Fuel market operators) orders for the Bunker Fuel market.
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The bunker fuel market analysis considers sales from high sulfur fuel and low sulfur fuel types. Our study also finds the sales of bunker fuel in APAC, Europe, MEA, North America, and South America. In 2019, the low sulfur fuel segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as the implementation of MARPOL regulations which is restricting the use of fuels with a sulfur content more than 0.5% will play a significant role in the low sulfur fuel segment to maintain its market position. Also, our global bunker fuel market report looks at factors such as the increasing global volume of seaborne trade, expansion of marine fleets, and increasing global refining capacity. However, implementation of MARPOL regulations, fluctuations in the cost of crude oil, and increasing adoption of slow steaming may hamper the growth of the bunker fuel industry over the forecast period.a
Development of scrubber technology The emission of sulfur must be reduced to comply with the stringent norms related to emissions. Reducing sulfur emissions is a major challenge for the shipping industry, as it requires certain changes. A short-term solution that can help reduce the emission of sulfur is the use of marine scrubbers. Marine scrubbers are exhaust gas cleaning technologies that are used to remove most sulfur oxides and particulate matter from the exhaust gases released by vessels. Several marine scrubber companies are collaborating within the value chain to improve the technology and simplify installation. This development is expected to have a positive impact on the overall market growth.
Global Bunker Fuel Industry 2020 Market Research Report is spread across 149 pages and provides exclusive vital statistics, data, information, trends and competitive landscape details in this niche sector.
This Report lets you identify the opportunities in Bunker Fuel Market by means of aregion:
The Middle East and Africa
The Bunker Fuel market has been created based on an in-depth market analysis with inputs from industry experts. The report covers the growth prospects over the coming years and discussion of the key vendors.
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With the presence of several major players, the global bunker fuel market is fragmented. Technavio’s robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading bunker fuel manufacturers, that include BP Plc, Chevron Corp., E84.34 MMTon Mobil Corp., Indian Oil Corp. Ltd., Ocean Bunkering Services (Pte.) Ltd., PetroChina Co. Ltd., Qatar Petroleum, Rosneft Oil Co., Royal Dutch Shell Plc, and TOTAL SA. Also, the bunker fuel market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.
Following are Key Queries of Bunker Fuel market:
Which geographical region would have more demand for Bunker Fuel products/services?
What are the business strategies accepted by leading players in the Bunker Fuel region-wise market?
Which country would see the precipitous rise in CAGR and annual Bunker Fuel growth?
What is the ongoing and estimated Bunker Fuel market size in the upcoming years?
What is the Bunker Fuel market possibility for long-term investment?
What type of opportunity would the country provide for current and Bunker Fuel market new players?
What are the risk and challenges involved in Bunker Fuel suppliers?
What are the factors which would propel the demand for the Bunker Fuel product in the coming years?
What is the impact study of numerous factors in the growth of the Global Bunker Fuel market?
What are the latest trends in the regional Bunker Fuel market and how prosperous they are?
The report also focuses on global major leading industry players of Global Bunker Fuel market providing information such as company profiles, product picture and specification, capacity, production, price, cost, revenue and contact information. Upstream raw materials and equipment and downstream demand analysis is also carried out. The Global Bunker Fuel market development trends and marketing channels are analyzed. Finally, the feasibility of new investment projects is assessed and overall research conclusions offered. With tables and figures helping analyze worldwide Global Bunker Fuel market, this research provides key statistics on the state of the industry and is a valuable source of guidance and direction for companies and individuals interested in the market.
Table of Content:
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: RESEARCH METHODOLOGY
PART 04: INTRODUCTION
PART 05: MARKET LANDSCAPE