Market Research Industry Today
Azimuth Thrusters Market Revenue Expected to Cross 780 million US$ by 2025
An azimuth thruster is a configuration of marine propellers placed in pods that can be rotated to any horizontal angle (azimuth), making a rudder unnecessary. These give ships better maneuverability than a fixed propeller and rudder system.
At present, the manufactures of Azimuth Thrusters are concentrated in Europe and Japan. Europe is the largest production area in the world, which occupied about 72.89% in 2016. The following areas are Japan, China and the USA. The global leading players in this market are Rolls-Royce, SCHOTTEL Group, Niigata Power Systems , Cat Propulsion, Brunvoll, etc.
Despite the presence of competition problems, due to the increasing demand of leading-edge, effective products, investors are still optimistic about this area, the future will still have more new investment enter the field. In the next five years, the consumption volume will keep increasing, as well as the consumption value.
The global Azimuth Thrusters market is valued at 690 million US$ in 2017 and will reach 780 million US$ by the end of 2025, growing at a CAGR of 1.5% during 2018-2025.
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The major manufacturers covered in this report
Rolls-Royce
SCHOTTEL Group
Niigata Power Systems
Cat Propulsion
Brunvoll
Kawasaki
Steerprop
Wärtsilä Corporation
ZF Friedrichshafen AG
ABB Marine
Voith Turbo
NGC
Masson Marine
Hydromaster
VETH PROPULSION
Wuxi Ruifeng Marine
Geographically, this report studies the top producers and consumers, focuses on product capacity, production, value, consumption, market share and growth opportunity in these key regions, covering
North America
Europe
China
Japan
India
Southeast Asia
Other regions (Central & South America, Middle East & Africa)
On the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into
Diesel Engine Azimuth Thrusters
Electric Azimuth Thrusters
Others
By Application, the market can be split into
Tugboat
Offshore Support Vessel
Ferries
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QY Research established in 2007, focus on custom research, management consulting, IPO consulting, industry chain research, data base and seminar services. The company owned a large basic data base (such as National Bureau of statistics database, Customs import and export database, Industry Association Database etc), expert’s resources (included energy automotive chemical medical ICT consumer goods etc.
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