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Market Analysis and Insights: Global Azimuth Thrusters Market
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.
Due to the COVID-19 pandemic, the global Azimuth Thrusters market size is estimated to be worth US$ 485.2 million in 2022 and is forecast to a readjusted size of US$ 588.3 million by 2029 with a CAGR of 2.6% during the forecast period 2023-2029. Fully considering the economic change by this health crisis, Less than 1500KW accounting for % of the Azimuth Thrusters global market in 2022, is projected to value US$ million by 2029, growing at a revised % CAGR from 2023 to 2029. While Tugs segment is altered to an % CAGR throughout this forecast period.
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.
Global Azimuth Thrusters Scope and Market Size
The global Azimuth Thrusters market is segmented by company, region (country), type and application. Players, stakeholders, and other participants in the global Azimuth Thrusters market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), type and application for the period 2018-2029.
Segment by Type
Less than 1500KW
1500KW-3500KW
Morethan 3500KW
Segment by Application
Tugs
Offshore Work Ship
Ferry
Others
By Region
United States
Europe
China
Japan
Southeast Asia
India
Other Regions
By Company
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
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.
Due to the COVID-19 pandemic, the global Azimuth Thrusters market size is estimated to be worth US$ 485.2 million in 2022 and is forecast to a readjusted size of US$ 588.3 million by 2029 with a CAGR of 2.6% during the forecast period 2023-2029. Fully considering the economic change by this health crisis, Less than 1500KW accounting for % of the Azimuth Thrusters global market in 2022, is projected to value US$ million by 2029, growing at a revised % CAGR from 2023 to 2029. While Tugs segment is altered to an % CAGR throughout this forecast period.
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.
Global Azimuth Thrusters Scope and Market Size
The global Azimuth Thrusters market is segmented by company, region (country), type and application. Players, stakeholders, and other participants in the global Azimuth Thrusters market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), type and application for the period 2018-2029.
Segment by Type
Less than 1500KW
1500KW-3500KW
Morethan 3500KW
Segment by Application
Tugs
Offshore Work Ship
Ferry
Others
By Region
United States
Europe
China
Japan
Southeast Asia
India
Other Regions
By Company
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
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