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Growth of Global Bunker Fuel Market to be Impacted by the Increasing Global Volume of Seaborne Trade | Technavio

January 28, 2020 GMT
Growth of Global Bunker Fuel Market to be Impacted by the Increasing Global Volume of Seaborne Trade | Technavio
Growth of Global Bunker Fuel Market to be Impacted by the Increasing Global Volume of Seaborne Trade | Technavio

LONDON--(BUSINESS WIRE)--Jan 28, 2020--

The report, global bunker fuel market 2020-2024, has been added to Technavio’s catalog. It provides a comprehensive analysis of the market, including its global and regional market share as well as market segmentation based on geographic regions and type for the forecast period 2020-2024.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200128005468/en/

Technavio has announced its latest market research report titled global bunker fuel market 2020-2024. (Graphic: Business Wire)

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The report on the global bunker fuel market includes:

Global Bunker Fuel Market Analysis and Forecast 2020-2024: Features

Global Bunker Fuel Market 2020-2024: Competitive landscape

Global Bunker Fuel Market Landscape 2020-2024: Geographic landscape

Global Bunker Fuel Market Landscape 2020-2024: TypeSegmentation

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Increasing global volume of seaborne trade will drive the global bunker fuel market

Seaborne transportation plays a crucial role in cross-border transportation, supports supply chains, and enables international trade. It promotes the integration of economies and trade between regions, brings together customers and industries, and supports the growth of manufacturing. The growing prominence of seaborne transportation across economies is driving the need for bunker fuel to fuel ships that carry commodities across regions around the world.

Development of scrubber technology – An emerging trend in the global bunker fuel market

When the ships are outside emission control areas, the emission of sulfur must be reduced to 0.5% to comply with the stringent norms by 2020 that are related to emissions. A short-term solution in overcoming the challenge of the shipping industry in reducing the sulfur emissions is the application of marine scrubbers. The installation of marine scrubbers allows the use of high-sulfur fuel as bunker fuel. This will drive the consumption of bunker fuel and boost the market growth.

Other Key Topics Covered in the Report are:

MARKET LANDSCAPE

MARKET SIZING

Get Full Report:https://www.technavio.com/report/bunker-fuel-market-industry-analysis?IRTNTR40326

CUSTOMER LANDSCAPE

DECISION FRAMEWORK

DRIVERS AND CHALLENGES

MARKET TRENDS

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About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

View source version on businesswire.com:https://www.businesswire.com/news/home/20200128005468/en/

CONTACT: Technavio Research

Jesse Maida

Media & Marketing Executive

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UK: +44 203 893 3200

Email:media@technavio.com

Website:https://www.technavio.com

KEYWORD:

INDUSTRY KEYWORD: ENERGY OTHER ENERGY OIL/GAS

SOURCE: Technavio Research

Copyright Business Wire 2020.

PUB: 01/28/2020 09:00 AM/DISC: 01/28/2020 09:01 AM

http://www.businesswire.com/news/home/20200128005468/en