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Bunkering Services Market By Fuel Grade (MDO, MFO, IFO, MGO and HFO), Vessel Type (Tankers, Containers, Bulk Carriers, Fishing Vessels And Others) - Growth, Share, Opportunities & Competitive Analysis, 2018 – 2026

Globally Rising Internet Traffic and Demand for Higher Bandwidth to Drive Demand for Metro Ethernet Network

The global metro Ethernet market was valued at US$ 28.46 billion in 2017 and is expected to reach US$ 88.51 billion by 2026, growing at a CAGR of 13.51% between 2018 and 2026. Metro Ethernet networks have emerged as a viable solution for several organizations seeking enhanced network management and communication. Such technology is rapidly penetrating several applications as an alternative to cable modems and Asymmetric Digital Subscriber Lines (ADSL).

With continual penetration of internet services worldwide, the demand for Internet bandwidth and uninterrupted services is estimated to remain high in the coming years, thereby driving the Metro Ethernet market's growth worldwide. Metro Ethernet networks have unlocked a promising avenue to profits for telecommunications as well as internet service providers. Furthermore, as high-speed networks have grown in popularity, overall prices (per mile) have dropped significantly in recent years. This is another prominent factor in fueling the market growth.

Market Synopsis

The multi-mode module segment continues to lead the market.

These are metro Ethernet networks with a high density of multi-mode modules. Due to the increasing prevalence of communication networks across the world, more Ethernet networks are estimated to be deployed in the years to come. This would ensure strong growth for the multi-mode metro Ethernet networks segment through the forecast period. The segment accounted for close to 70% of the global market value in the same year. The trend shall extend, and the segment will hold on to its leading position throughout the forecast period. The multi-mode module Ethernet technology is preferred by communication service providers and network infrastructure vendors to offer high-speed data transfer services for both short- and long-range communications. In addition, single-mode module networks enable telecom network links to be established over longer distances with minimal power loss, thereby augmenting their adoption among communication service providers.

North America leads the market, with Asia-Pacific emerging as the fastest-growing regional market.

Currently, North America leads the market, contributing to more than 1/3 of the overall market value worldwide. The region is presumed to hold on to its leading position throughout the forecast period, partly on the back of investments made by tech giants in a bid to build their own network infrastructure. Further, Asia Pacific is expected to register maximum growth in market value, expanding at a CAGR of over 14% during the forecast period. Asia Pacific's metro Ethernet landscape differs from that of North America and Europe. Japan, Korea, and China will prove to be the major players in the deployment of an Ethernet metro network.

The primary reason for the attractiveness of this region is that these countries have not invested as much in synchronized optical networking (SONET) or synchronized digital hierarchy (SDH) and have a cleaner slate than North America and Europe to deploy new data services in the metro area. A number of metro Ethernet deployments have already been announced and deployed by big telecom providers. China will also emerge as the largest market after the restructuring of China Telecom into different entities such as China Netcom, Unicom, and Railcom. In Japan, tough competition between telecom providers has driven the cost of private-line services lower than in most other countries. Japan is also expected to highlight a promising growth rate in metro Ethernet deployments for multimedia services.

Verizon Communications, Inc., AT&T, Inc., Zayo Group, Consolidated Communications Holdings, Inc., CenturyLink, Inc., Interoute Communications Ltd., Comcast Corporation, Colt Group SA, Windstream Services, and NTT Communications LLC are among the key players in the global metro Ethernet market.

Periods of History and Forecast

This research report presents the analysis of each segment from 2016 to 2026, considering 2017 as the base year for the research. The compound annual growth rate (CAGR) for each of the respective segments was calculated for the forecast period from 2018 to 2026.

Report Scope by Segments

The Metro Ethernet market report provides market size and estimates based on market dynamics and key trends observed in the industry. The report provides a holistic view of the global metro Ethernet market based on fiber mode type, end-use, and geography. Key segments covered in the report are as follows:

Key questions are answered in this report.

  • What was the market size of metro Ethernet in 2017, and what is the forecast up to 2026?
  • Which is the largest regional market for metro Ethernet networks?
  • What are the key market trends observed in the metro Ethernet market?
  • Which are the most promising fiber mode type and end-use in the metro Ethernet market?
  • Who are the key players leading the market?
  • What are the key strategies adopted by the leading players in the market?
  • What are the key Internet usage trends across different geographies and sub-geographies?

Frequently Asked Questions:

The market for Bunkering Services Market is expected to reach US$ 165.5 Bn by 2026.

The Bunkering Services Market is expected to see significant CAGR growth over the coming years, at 5.6%.

The report is forecasted from 2018-2026.

The base year of this report is 2017.

Zayo Group, Consolidated Communications Holdings, Inc., CenturyLink, Inc., Interoute Communications Ltd., Comcast Corporation, Colt Group SA, Windstream Services, and NTT Communications LLC are some of the major players in the global market.

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Published Date:  Mar 2019
Category:  Oil & Gas
Report ID:   59609
Report Format:   PDF
Pages:   120
Rating:    4.4 (70)
Delivery Time: 24 Hours to 48 Hours   
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