Global Azimuth Thrusters Market Growth 2023-2029

Global Azimuth Thrusters Market Growth 2023-2029

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.

LPI (LP Information)' newest research report, the “Azimuth Thrusters Industry Forecast” looks at past sales and reviews total world Azimuth Thrusters sales in 2022, providing a comprehensive analysis by region and market sector of projected Azimuth Thrusters sales for 2023 through 2029. With Azimuth Thrusters sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Azimuth Thrusters industry.

This Insight Report provides a comprehensive analysis of the global Azimuth Thrusters landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Azimuth Thrusters portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Azimuth Thrusters market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Azimuth Thrusters and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Azimuth Thrusters.

The global Azimuth Thrusters market size is projected to grow from US$ 474.6 million in 2022 to US$ 573.4 million in 2029; it is expected to grow at a CAGR of 573.4 from 2023 to 2029.

Global core azimuth thrusters Manufacturing Equipment manufacturers include SCHOTTEL Group, Kongsberg, IHI Power Systems Co.,Ltd etc.The top 5 companies hold a share about 55%.China is the largest market, with a share about 32%, followed by Europe and US with the share about 13% and 12%.In terms of product, 1500KW-3500KW is the largest segment, with a share over 50%. And in terms of application, the largest application is offshore work ship.

This report presents a comprehensive overview, market shares, and growth opportunities of Azimuth Thrusters market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Less than 1500KW
1500KW-3500KW
Morethan 3500KW

Segmentation by application
Tugs
Offshore Work Ship
Ferry
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
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

Key Questions Addressed in this Report

What is the 10-year outlook for the global Azimuth Thrusters market?

What factors are driving Azimuth Thrusters market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Azimuth Thrusters market opportunities vary by end market size?

How does Azimuth Thrusters break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.