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Marine Fuel Management Market: Coriolis Flow Meters Seen as a Panacea to Several Challenges

Press release Description

Albany, New York, July 1, 2019: Marine fuel costs cover major portion of a ship’s operating cost. Conservation efforts, ever-increasing oil prices, careful fuel management and increased engine efficiency have become indispensable for financial and environment reasons. Accordingly, use of Coriolis flow meters jumped in the marine industry for it is panacea to several challenges encountered in the fuel metering applications. Apart from being non-intrusive, coriolis flow meters offer relentless on-line measurement of mass flow rate, density, volume flow rate, batch totals and temperature. In addition, it is known to provide accurate and precise flow and density measurements.

These actionable insights are according to the intelligence report, titled, “Marine Fuel Management Market—Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018-2026,” which has been of late added to Market Research Reports Search Engine’s (MRRSE) exhaustive repository.

A slight rise in the engine fuel efficiency has the capability of leading to drastic fleet-wide savings. Accurate measurement and control of fuel oil supplied to marine engine leverages operators to save fuel and propel engine use. Further, continuous viscosity measurement aboard each vessel or barge aims at offering real-time and robust validation of fuel quality, thereby minimizing the number of bunker disputes.

Blending operation required by the marine industry incorporates the amalgamation of Bunker C or heavy fuel oil (HFO) and an intermediate fuel oil (IFO). Precision blending of these fuels at the supply hub has become essential owing to surge in fuel prices, limitations linked with shipboard storage and engine wear from various fuel grade burn temperatures. Enhanced quality control of marine fuels by sustained blending measurements aims to ameliorate fleet-wide fuel efficiency.

Marine Fuel Management Market: Report Content

Quantitative and qualitative analysis accentuate the report on the marine fuel management market. Further, the report robustly delineates aspects of the market that are set to have influence on the development of the marine fuel management market. Those aspects incorporate drivers, restraints, trends, opportunities. Nevertheless, the report also peruses on the segregation of the market that aims at providing an exhaustive assessment on marine fuel management.

The report also delineates benchmarking that gives insights on the performance of the products, solutions and business process. Moreover, benchmarking elucidates strategies of competitors— both within and outside the industry to have a palpable grip in the market.

A coherent analysis of the competitive scenario of the marine fuel management market banks on Porters’ Five Force Analysis. Further, the Porters’ Five Force Analysis offers a thorough analysis on the strategies of the preeminent players in the marine fuel management market. Furthermore, the business strategies counts on company overview, product portfolio, SWOT analysis, recent development and key differentiation.

Marine Fuel Management Market: Research Methodology

Primary research and secondary research propel the report on marine fuel management market, which offers insightful and deep-dive analysis of the market. As such, the report provides veracious projections, and assessments which have significant influence on the historical data and market size. The report counts on primary sources which is bolstered by veracious and in-depth assessment from well-ground experts, telephonic interview, and comprehensive assessment from seasoned analyst and surveys. On the other hand, the secondary sources banks on trade journals, press release, Factiva, EC filing, governmental websites and resourceful database.

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