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Marine Engine Monitoring System Market - Global Forecast to 2025 - ResearchAndMarkets.com

May 17, 2018

DUBLIN--(BUSINESS WIRE)--May 17, 2018--The “Marine Engine Monitoring System Market by Engine Type (Propulsion Engine, Auxiliary Engine), End Use (OEM, Aftermarket), Component (Hardware, Software), Ship Type (Commercial, Naval), Deployment (On-Board, Remote) & Region - Global Forecast to 2025” report has been added to ResearchAndMarkets.com’s offering.

The Marine Engine Monitoring System Market is Estimated to Be USD 508.4 Million in 2018 and is Projected to Reach USD 656.5 Million By 2025, at a CAGR Of 3.72% From 2018 to 2025

Growth in international seaborne trade, increased demand for marine engine monitoring systems from the new shipbuilding & repair market, and rise in maritime tourism are key factors that are expected to drive the marine engine monitoring system market. However, stringent environmental regulations worldwide coupled with lack of common data standard by marine engine monitoring systems are key restraints impacting the growth of the marine engine monitoring system market. Unpredicted system failure and faulty alarm errors occur due to the lack of common data standards.

Market Dynamics

Drivers

Penetration of the Smart Engine for Situational Awareness and Safety Increase in Demand for Remote Engine Monitoring System for Marine Engines Growth in Maritime Tourism Growth in International Marine Freight Transport

Restraints

Stringent Environmental Regulations Worldwide Lack of A Common Data Standard

Opportunities

Increased Naval Budgets Worldwide Development of Big Data Analytics

Challenges

Fluctuations in Oil & Gas Prices Shipping Overcapacity Dipping Global Marine Freight Rates

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Industry Trends

7 Marine Engine Monitoring System Market, By Component

8 Marine Engine Monitoring System Market, By Engine Type

9 Marine Engine Monitoring System Market, By Ship Type

10 Marine Engine Monitoring System Market, By Deployment

11 Marine Engine Monitoring System Market, By End User

12 Regional Analysis

13 Competitive Landscape

14 Company Profiles

ABB AST Group CMR Group Caterpillar Cummins Emerson Electric Hyundai Heavy Industries Jason Marine Group Kistler Group Kongsberg Gruppen Man Diesel & Turbo Mitsubishi Heavy Industries Noris Group Rolls-Royce Wartsila

For more information about this report visit https://www.researchandmarkets.com/research/gwj659/marine_engine?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20180517005848/en/

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Related Topics:Shipbuilding and Ship Parts

KEYWORD:

INDUSTRY KEYWORD: TRANSPORT MARITIME

SOURCE: Research and Markets

Copyright Business Wire 2018.

PUB: 05/17/2018 09:56 AM/DISC: 05/17/2018 09:56 AM

http://www.businesswire.com/news/home/20180517005848/en

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