Heavy Fuel Oil (HFO) Generators Market - The Biggest Trends to Watch out for 2017-2025

Heavy Fuel Oil is also known as residual fuel oil, which is a by-product in the refining process of crude oil. Heavy Fuel Oil contains residuals of distillation and subsequent cracking of crude oil, which make it available at lower costs. Heavy Fuel Oil has many layering and therefore, it should be used, maintained and stored in a high temperature. Heavy Fuel Oil generators cost less as compared to other generators, because of the availability and low cost of heavy fuel oil used in it. They are majorly used in marine engines, because of its small size. Other than marine engines, they are used in powered boilers and railroads.

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Certain factors associated with the Heavy Fuel Oil generators that bolster the demand are, lower noise and fuel consumption, ability to bear heavy load and run continuously for longer time. In addition, they run uninterruptedly with sufficient availability and they are economic as they produce power by the use of exhausted hot gas. Heavy Fuel Oil generators are durable machines with longer service life, good overhaul period, compact and lightweight. These factors influence its uses in marine sectors.

However, there are several risks associated with the use of Heavy Fuel Oil generators because of the high viscous property of the fuel oil, which requires high and special heating prior to its use. Also, it cannot be used in small ships, boats or any road vehicles, since it requires pre-heating. The equipment used for the preheating of generators utilize a significant storage space and add more weight to the equipment or vehicles.
 

The main drivers for Heavy Fuel Oil generators market growth are the increased demand, reduced emission, enhanced environment-safety measures, lesser transportation cost and better supply management. Increased demand for innovative products, such as energy-efficient flexible solutions and high quality, cost effective & advanced technologies, can also be considered as the drivers for the industry.

Factors such as, emission of sulphur and its components, which affect the respiratory system and sensory functions, deposition of certain acids in lakes, which kill the aquatic animals and destroys pH of water act as the restraints for the Heavy Fuel Oil generators market. Along with the aforementioned factors, marine environmental regulations is one of the restraints, which states to reduce the sulphur content from marine fuel.

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Increasing demand in niche markets, such as cruise, ferry and naval architects can be well-thought-out as the opportunities for the industry. Factors such as manufacture of generators with improved speed, efficiency and services are identified as the trends in the Heavy Fuel Oil generators market.

Examples of some of the market participants in the Heavy Fuel Oil generators market identified across the value chain are Avespeed New Energy Group Co., Limited, Yanmar Co., Ltd., Taizhou Genour Power Machinery Co., Ltd., Ningbo C.S.I. Power & Machinery Group Co., Ltd., Aggreko, Nishishiba Electric Co., Ltd., Daihatsu, Isuzu, Wärtsilä and General Electric, among others.