Growing the Marine Shaft Power Meter Market by Focusing on Trends and
Marine Shaft Power Meter Market
Marine Shaft Power Meter Market Outlook – 2030
A marine shaft power meter is the key technology that measures the torque, power and speed of the sea shaft in real time. The marine shaft power meter works using a strain gauge to measure torque and a tachometer to measure shaft speed. Horsepower is calculated by combining speed and torque in a simple equation. Global maritime trade has grown the fastest in the past five years, according to the United Nations Conference on Trade and Development (UNCTAD). The growth and expansion of maritime trade will lead to lucrative growth of the entire maritime industry. The growing use of watercraft for commerce and recreation is also driving the uptake of the marine shaft power meter market. Fleet owners plan to include efficiency measures such as optimizing power and shaft speed, and other measures to meet mandatory MRV regulations recently entered into force in Europe. Hence, the global marine shaft power meter market will experience tremendous growth from 2021 to 2030.
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Major players analyzed in the report include
Hoppe Marine, Trelleborg Marine Systems, Kongsberg Maritie, Datum Electronics, Shoyo Engineering, Aalberts Industries (VAF Instruments), Kyma AS, Aquametro Oil & Marine.
COVID-19 impact assessment
The lockdown period after the outbreak of the COVID-19 pandemic has had a huge impact on the marine shaft power meter market. Manufacturing and production units were closed during the lockdown in most countries, resulting in a drop in production and demand for sea-shaft power meters. Almost 80% of world trade is carried out by sea. Due to the imposition of containment and containment policies for COVID-19, trade by sea has also been halted for the time being. The openings will help the sea-shaft power meter market regain growth and brighter future prospects. Significant growth can be observed during the forecast period.
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Main impact factors
To achieve the goal of reducing greenhouse gas emissions, the use of power meters for marine wells and new devices by shipowners and operators is constantly growing, providing an opportunity for the global well market. sailors.
The growing importance of developing countries in global maritime trade flows in terms of exports and imports is driving the global marine shaft power meter market.
The growing demand for cost-effective, technologically advanced and safe marine shaft power meters is a challenge for manufacturers, resulting in high development costs in a competitive market.
Strict emissions standards to boost demand
Reducing greenhouse gas emissions from fleets remains a key area for the global shipping industry. The broader goals of reducing total annual greenhouse gas emissions by at least 50% over the next three decades will lead to a change in the current status quo. To meet the emission reduction target, the use of advanced marine shaft power meters and new devices by fleet owners and operators is increasing dramatically. Ship owners are considering including efficiency measures such as optimizing shaft power and speed, and other measures to comply with the recently implemented MRV regulations at the European Commission.
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Maritime trade drives the market
Global maritime trade grew 4% in 2017, the fastest growing in five years, according to the United Nations Conference on Trade and Development (UNCTAD). Companies from countries like Greece, Canada and China are adding new container ships to their fleets. The growing prominence of developing countries in global maritime trade flows in both exports and imports also creates significant opportunities for stakeholders, especially OEMs.
Main advantages of the report
This study presents the analytical description of the Marine Shaft Power Meter industry along with current trends and future estimates to determine impending pockets of investment.
The report presents information related to key drivers, restraints, and opportunities as well as challenges in the Marine Shaft Power Meter market.
The current market is quantitatively analyzed from 2020 to 2030 to highlight the growth scenario of the Marine Shaft Power Meter market.
The report provides a detailed analysis of the Marine Shaft Power Meter market based on the intensity of the competition and how the competition will shape in the coming years.
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Questions Answered in the Marine Shaft Power Meters Market Research Report:
Who are the major market players active in the Marine Shaft Power Meter market?
What would be the detailed impact of COVID-19 on the market?
What current trends would influence the market in the coming years?
What are the driving factors, restraints, and opportunities in the Marine Shaft Power Meter market?
What are the projections for the future that could help take further strategic action?
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