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.
This report contains market size and forecasts of Azimuth Thrusters in global, including the following market information:
Global Azimuth Thrusters Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global Azimuth Thrusters Market Sales, 2017-2022, 2023-2028, (Unit)
Global top five Azimuth Thrusters companies in 2021 (%)
The global Azimuth Thrusters market was valued at 499.2 million in 2021 and is projected to reach US$ 594.5 million by 2028, at a CAGR of 2.5% during the forecast period 2022-2028.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Less than 1500KW Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Azimuth Thrusters include SCHOTTEL Group, Kongsberg, IHI Power Systems Co.,Ltd, Steerprop, Brunvoll, Wärtsilä Corporation, Thrustmaster, Kawasaki and Berg Propulsion, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Azimuth Thrusters manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Azimuth Thrusters Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (Unit)
Global Azimuth Thrusters Market Segment Percentages, by Type, 2021 (%)
Less than 1500KW
1500KW-3500KW
Morethan 3500KW
Global Azimuth Thrusters Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (Unit)
Global Azimuth Thrusters Market Segment Percentages, by Application, 2021 (%)
Tugs
Offshore Work Ship
Ferry
Others
Global Azimuth Thrusters Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (Unit)
Global Azimuth Thrusters Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Azimuth Thrusters revenues in global market, 2017-2022 (Estimated), ($ millions)
Key companies Azimuth Thrusters revenues share in global market, 2021 (%)
Key companies Azimuth Thrusters sales in global market, 2017-2022 (Estimated), (Unit)
Key companies Azimuth Thrusters sales share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
SCHOTTEL Group
Kongsberg
IHI Power Systems Co.,Ltd
Steerprop
Brunvoll
Wärtsilä Corporation
Thrustmaster
Kawasaki
Berg Propulsion
ZF Friedrichshafen AG
ABB Marine
Voith Turbo
NGC Gears
CSIC
Wuhan Marine Machinery Plant Co., Ltd
Jastram
Hangzhou Adcance
Thrustleader Marine Power System
Wuxi Ruifeng