Valued to be $5.5 Billion by 2026, Marine Fuel Injection System Slated for Modest Growth Worldwide

SAN FRANCISCO, Oct. 20, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Marine Fuel Injection System - Global Market Trajectory & Analytics." The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.

FACTS AT A GLANCE
Edition: 8; Released: April 2021
Executive Pool: 1193
Companies: 47 - Players covered include Caterpillar, Inc.; Cummins, Inc.; Delphi Automotive PLC; Denso Corporation; Liebherr International Deutschland GmbH; MAN SE; Robert Bosch GmbH; Rolls-Royce Holdings PLC; Woodward, Inc.; YANMAR Co., Ltd. and Others.
Coverage: All major geographies and key segments
Segments: Application (Inland Waterways Transport Vessel, Commercial Vessels, Offshore Support Vessels); Component (Fuel Injector, Fuel Valves, Fuel Pump, Other Components)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

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ABSTRACT-

Global Marine Fuel Injection System Market to Reach $5.5 Billion by 2026
Amid the COVID-19 crisis, the global market for Marine Fuel Injection System estimated at US$4.7 Billion in the year 2020, is projected to reach a revised size of US$5.5 Billion by 2026, growing at a CAGR of 2.5% over the analysis period. Inland Waterways Transport Vessel, one of the segments analyzed in the report, is projected to record a 2.6% CAGR and reach US$1.5 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Commercial Vessels segment is readjusted to a revised 2.6% CAGR for the next 7-year period.

The U.S. Market is Estimated at $1.3 Billion in 2021, While China is Forecast to Reach $1.1 Billion by 2026
The Marine Fuel Injection System market in the U.S. is estimated at US$1.3 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.1 Billion by the year 2026 trailing a CAGR of 4.7% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 0.6% and 1.8% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 1.1% CAGR.

Offshore Support Vessels Segment to Reach US$1.1 Billion by the year 2026
In the global Offshore Support Vessels segment, USA, Canada, Japan, China and Europe will drive the 1.7% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$736.7 Million in the year 2020 will reach a projected size of US$828.4 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. More

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CONTACTS:
Zak Ali
Director, Corporate Communications
Global Industry Analysts, Inc.
Phone: 1-408-528-9966
www.StrategyR.com
Email: [email protected]

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