Market Overview:
The global electrical transmission azimuth thruster market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for electric propulsion systems in tugboats, offshore support vessels, ferries and freighters, and other applications. In terms of type, the less than 1500 kW segment is expected to account for the majority of the market share during the forecast period. However, with increasing demand for high-powered electric propulsion systems in larger vessels such as cruise ships and container ships, this segment is projected to register a higher CAGR than other segments over the forecast period.
Product Definition:
A thruster that creates a force perpendicular to the direction of travel, used to change or maintain the direction of a vessel.
Less than 1500KW:
The less than 1500KW azimuth thruster market is expected to witness significant growth over the forecast period owing to its increasing demand in offshore electrical transmission. The market is driven by factors such as growing energy consumption, technological advancements and cost-effective solutions offered by less than 1500KW azimuth thruster.
1500KW-3500KW:
The global electrical transmission azimuth thruster market size was valued at USD 8.0 billion in 2016 and is expected to witness a significant growth owing to the increasing demand for these systems from offshore oil & gas industry. The rising number of deep-water discoveries, particularly in the South China Sea, Persian Gulf, and Arabian Sea regions is anticipated to drive product demand over the forecast period.
Application Insights:
Tugboat was the largest application segment in 2017 and is expected to witness significant growth over the forecast period. Tugboats are used for maneuvering ships in harbors, out of shallow waters, or when wind speed increases. Increasing demand for tugboats with high power generators to supply electricity from offshore oil platforms is expected to drive product demand over the forecast period.
The offshore support vessel segment accounted for a share of 15% in 2017 owing to rising need among oil & gas companies for supporting vessels equipped with transmission azimuth thrusters that can withstand harsh environments and provide reliable service at sea level atmospheric conditions below 0°C and above 60 °C temperature range. The ferries and freighter segments are also estimated to exhibit considerable growth during the study period on account of increasing passenger traffic on ferries across various regions including Asia Pacific, North America, Europe etc.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing market, expanding at a CAGR of XX% from 2018 to 2030 owing to increasing demand for electricity in China and India. The region has witnessed significant growth in recent years owing to the rising installation of electric motors across various industries including tugboats, ferries and offshore support vessels.
The European market accounted for over 25% share of the global revenue in 2017 on account of stringent regulations regarding carbon emissions by governments across Europe coupled with growing environmental concerns about fuel emissions particularly during marine operations. This factor is anticipated to increase adoption rates for electrical transmission thrusters among ship owners/operators thereby driving regional product demand over the forecast period.
North America accounted for nearly 22% share in terms of volume consumed globally due North large presence shipping companies such as Maersk Line Ltd., Mediterranean Shipping Company SNCM) and UASC Transfers (USA).
Growth Factors:
- Increasing demand for electrical transmission azimuth thruster from the maritime industry as it helps in improving the efficiency of the ship and reduces fuel consumption.
- Growing popularity of electric vehicles which is expected to result in an increase in demand for electrical transmission azimuth thrusters over the forecast period.
- Rising investment by governments worldwide in renewable energy projects, which is likely to create a positive outlook for the market growth during the forecast period.
- Proliferation of new technologies that are helping reduce emissions and improve fuel efficiency, thereby driving adoption of electrical transmission azimuth thrusters across various industries globally. 5) The increasing trend of electrification is anticipated to create opportunities for market growth during the forecast period
Scope Of The Report
Report Attributes
Report Details
Report Title
Electrical Transmission Azimuth Thruster Market Research Report
By Type
Less than 1500KW, 1500KW-3500KW, More than 3500KW
By Application
Tugboat, Offshore Support Vessel, Ferries and Freighter, Others
By Companies
SCHOTTEL Group, Rolls-Royce, IHI, Cat Propulsion, Brunvoll, Thrustmaster, Kawasaki, Steerprop, Wartsila Corporation, ABB Marine, SCHOTTEL Group, ZF Friedrichshafen AG, Veth Propulsion, NGC, Jastram, Wuxi Ruifeng Marine, Hydromaster
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
161
Number of Tables & Figures
113
Customization Available
Yes, the report can be customized as per your need.
Global Electrical Transmission Azimuth Thruster Market Report Segments:
The global Electrical Transmission Azimuth Thruster market is segmented on the basis of:
Types
Less than 1500KW, 1500KW-3500KW, More than 3500KW
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Tugboat, Offshore Support Vessel, Ferries and Freighter, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- SCHOTTEL Group
- Rolls-Royce
- IHI
- Cat Propulsion
- Brunvoll
- Thrustmaster
- Kawasaki
- Steerprop
- Wartsila Corporation
- ABB Marine
- SCHOTTEL Group
- ZF Friedrichshafen AG
- Veth Propulsion
- NGC
- Jastram
- Wuxi Ruifeng Marine
- Hydromaster
Highlights of The Electrical Transmission Azimuth Thruster Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Less than 1500KW
- 1500KW-3500KW
- More than 3500KW
- By Application:
- Tugboat
- Offshore Support Vessel
- Ferries and Freighter
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Electrical Transmission Azimuth Thruster Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
An Electrical Transmission Azimuth Thruster (ETAT) is a type of thruster used to propel spacecraft away from the sun or other celestial body. ETATS use an electric field to create a thrust in the opposite direction of the spacecraft's motion.
Some of the key players operating in the electrical transmission azimuth thruster market are SCHOTTEL Group, Rolls-Royce, IHI, Cat Propulsion, Brunvoll, Thrustmaster, Kawasaki, Steerprop, Wartsila Corporation, ABB Marine, SCHOTTEL Group, ZF Friedrichshafen AG, Veth Propulsion, NGC, Jastram, Wuxi Ruifeng Marine, Hydromaster.
The electrical transmission azimuth thruster market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Electrical Transmission Azimuth Thruster Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Electrical Transmission Azimuth Thruster Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Electrical Transmission Azimuth Thruster Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Electrical Transmission Azimuth Thruster Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Electrical Transmission Azimuth Thruster Market Size & Forecast, 2018-2028
4.5.1 Electrical Transmission Azimuth Thruster Market Size and Y-o-Y Growth
4.5.2 Electrical Transmission Azimuth Thruster Market Absolute $ Opportunity
Chapter 5 Global Electrical Transmission Azimuth Thruster Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Electrical Transmission Azimuth Thruster Market Size Forecast by Type
5.2.1 Less than 1500KW
5.2.2 1500KW-3500KW
5.2.3 More than 3500KW
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Electrical Transmission Azimuth Thruster Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Electrical Transmission Azimuth Thruster Market Size Forecast by Applications
6.2.1 Tugboat
6.2.2 Offshore Support Vessel
6.2.3 Ferries and Freighter
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Electrical Transmission Azimuth Thruster Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Electrical Transmission Azimuth Thruster Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Electrical Transmission Azimuth Thruster Analysis and Forecast
9.1 Introduction
9.2 North America Electrical Transmission Azimuth Thruster Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Electrical Transmission Azimuth Thruster Market Size Forecast by Type
9.6.1 Less than 1500KW
9.6.2 1500KW-3500KW
9.6.3 More than 3500KW
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Electrical Transmission Azimuth Thruster Market Size Forecast by Applications
9.10.1 Tugboat
9.10.2 Offshore Support Vessel
9.10.3 Ferries and Freighter
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Electrical Transmission Azimuth Thruster Analysis and Forecast
10.1 Introduction
10.2 Europe Electrical Transmission Azimuth Thruster Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Electrical Transmission Azimuth Thruster Market Size Forecast by Type
10.6.1 Less than 1500KW
10.6.2 1500KW-3500KW
10.6.3 More than 3500KW
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Electrical Transmission Azimuth Thruster Market Size Forecast by Applications
10.10.1 Tugboat
10.10.2 Offshore Support Vessel
10.10.3 Ferries and Freighter
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Electrical Transmission Azimuth Thruster Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Electrical Transmission Azimuth Thruster Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Electrical Transmission Azimuth Thruster Market Size Forecast by Type
11.6.1 Less than 1500KW
11.6.2 1500KW-3500KW
11.6.3 More than 3500KW
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Electrical Transmission Azimuth Thruster Market Size Forecast by Applications
11.10.1 Tugboat
11.10.2 Offshore Support Vessel
11.10.3 Ferries and Freighter
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Electrical Transmission Azimuth Thruster Analysis and Forecast
12.1 Introduction
12.2 Latin America Electrical Transmission Azimuth Thruster Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Electrical Transmission Azimuth Thruster Market Size Forecast by Type
12.6.1 Less than 1500KW
12.6.2 1500KW-3500KW
12.6.3 More than 3500KW
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Electrical Transmission Azimuth Thruster Market Size Forecast by Applications
12.10.1 Tugboat
12.10.2 Offshore Support Vessel
12.10.3 Ferries and Freighter
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Electrical Transmission Azimuth Thruster Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Electrical Transmission Azimuth Thruster Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Electrical Transmission Azimuth Thruster Market Size Forecast by Type
13.6.1 Less than 1500KW
13.6.2 1500KW-3500KW
13.6.3 More than 3500KW
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Electrical Transmission Azimuth Thruster Market Size Forecast by Applications
13.10.1 Tugboat
13.10.2 Offshore Support Vessel
13.10.3 Ferries and Freighter
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Electrical Transmission Azimuth Thruster Market: Competitive Dashboard
14.2 Global Electrical Transmission Azimuth Thruster Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 SCHOTTEL Group
14.3.2 Rolls-Royce
14.3.3 IHI
14.3.4 Cat Propulsion
14.3.5 Brunvoll
14.3.6 Thrustmaster
14.3.7 Kawasaki
14.3.8 Steerprop
14.3.9 Wartsila Corporation
14.3.10 ABB Marine
14.3.11 SCHOTTEL Group
14.3.12 ZF Friedrichshafen AG
14.3.13 Veth Propulsion
14.3.14 NGC
14.3.15 Jastram
14.3.16 Wuxi Ruifeng Marine
14.3.17 Hydromaster
