Marine Fuel Optimization Market 2021 Industry Environment, Segment, Current Scenario, Regional Outlook and Major Companies reportedtimes.com

The global marine fuel optimization market is expected to grow at a CAGR of 4.25% during the forecast period. Stringent government regulations for curbing carbon emission levels are likely to be the primary driver of the market. The enforcement of the use of low-sulfur oil in marine vessels in adherence to laws of the International Maritime Organization (IMO) to be rolled out in 2020 is a prime instance. The integration of flow metering technology for assuring the safe delivery of fuel at ports can bode well for the market.