Top 6 Vendors in the Global Marine Vessel Energy Efficiency Market from 2017 to 2021: Technavio
Technavio
has announced the top six leading vendors in their recent global
marine vessel energy efficiency market 2017-2021 report. This
market research report also lists two other prominent vendors that are
expected to impact the market during the forecast period.
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Technavio has published a new report on the global marine vessel energy efficiency market from 2017-2021. (Graphic: Business Wire)
Competitive vendor landscape
According to the research analysis, the global
marine vessel energy efficiency market encompasses many
global, regional, and local vendors that compete for the largest market
share. Stiff competition, frequent changes in government policies, rapid
advances in technology, and environmental regulations are key factors
that confront market growth. Also, in-house manufacturing capabilities,
product offerings, R&D investments, global footprint network, and strong
client base are other factors that differentiate competitors.
Market vendors are highly dependent on market conditions, government
support, and industry development, which prompt them to focus on
geographic expansion and product improvement. Vendors also focus on the
implementation of lightweight materials, electric technologies, and
robust systems. Also, government organizations serve as certification
bodies that encourage the development of the new technologies and
systems. Thus, the companies invest in producing new, effective, and
cost-efficient solutions.
According to Avimanyu Basu, a lead analyst at Technavio for defense
research, “The technological developments in the marine vessel
propulsion systems have led to a decline in the fossil fuel consumption
by the shipping industry. This is mainly owing to the development of
hybrid engines that operate on alternate fuels and offer higher energy
efficiency with minimal emissions. These types of engines are slowly
gaining traction and augur well for the growth of the market during the
forecast period.”
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Technavio market research analysts identify the following key
vendors:
GreenSteam
The technology developed by GreenSteam is a set of hardware and software
solution, and the customer is charged according to the subscription of
the software. The customer also experiences significant monetary
benefit, which lies in the range of 200% to more than 1,000% return on
investment per month.
Marorka
Marorka has developed a real-time data-driven approach to the fuel
efficiency challenge faced by the global shipping fleet. Earlier,
communicating the performance data from the ship to the shore was a
difficult task. Even if the factors to improve the fuel efficiency could
be identified, they could not be implemented due to the inconvenience in
communication. The Marorka energy management system addresses these
challenges, through the Marorka Online tool.
Norsepower
Norsepower developed the first-ever auxiliary wind propulsion system
that is ideally placed to aid maritime vessels operate in a more
environment-friendly manner than fossil fuel-driven vessels. The
technology can be represented as a renewable-driven propulsion
technology for marine vessels, viz. Rotor Sail Solution.
Eniram
Eniram has recently launched SkyLight, which is an economically viable
fleet performance monitoring service that will completely replace manual
performance reporting with Automatic Identification System. SkyLight
enables collection of data that pertains to the ship’s movements in
every five minutes and sharing through satellite connection to Eniram’s
data center.
Haldor Topsoe
Haldor Topsoe is one of the prominent market participants in
heterogeneous catalysis for industrial production facilities. Topsoe
supports several sustainability technologies for the marine industry,
such as SCR NOx removal, a process to meet strict
environmental regulation and at the same time, bring down the cost for
the operator.
PowerCell Sweden
PowerCell Sweden is the leading fuel cell company in the Nordics, which
develops and produces environment-friendly power systems for stationary
and mobile customer applications. It specializes in the development of a
modular system of fuel cell platforms driven by environmentally viable
hydrogen (along with reformed hydrogen such as biogas, natural gas,
biodiesel, or standard diesel) with electricity, heat, and water as
emissions.
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