Market Overview:
The global marine azimuth thrusters 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 tugboats, offshore support vessels, ferries and freighters, and others across the globe. Furthermore, the increasing investments in maritime infrastructure are also contributing to the growth of this market. Based on type, the global marine azimuth thrusters market is segmented into less than 1500 kW, 1500 kW-3500 kW, and more than 3500 kW segments. The less than 1500 kW segment is projected to grow at a CAGR of 5% during the forecast period from 2018 to 2030. This can be attributed to its low installation cost as compared with other types of marine azimuth thrusters available in the market.
Product Definition:
A Marine Azimuth Thruster is a type of propeller that can be rotated to steer the ship.
Less than 1500KW:
The less than 1500KW azimuth thruster is a marine propulsion device that drives the ship’s forward and helps to maintain its direction. It is mainly used in medium-sized vessels such as patrol boats, tugs, and barges for assisting the main engines in maintaining heading while sailing or motorized docking.
1500KW-3500KW:
The 1500KW-3500KW range is used in marine azimuth turbines for applications up to 6 degrees. The power rating is based on the sea surface elevation, which ranges from 0 to 30 degrees. These azimuth turbines are primarily used for propulsion of ships and boats through the water by using the wind as an energy source.
These high power generators set a new benchmark in terms of reliability, efficiency.
Application Insights:
The others segment includes patrol boats, icebreakers, and container ships. The demand for marine azimuth thrusters in this segment is expected to witness growth owing to the rising need for safe and efficient navigation equipment on ferries and freighters. In addition, increasing deployment of offshore support vessels by oil & gas companies is expected to drive the market over the forecast period.
Tugboat application dominated the overall market in terms of revenue share at 36% in 2017 owing to growing demand from ports around China including Guangzhou, Shanghai and Hong Kong among others. Growing global trade through East Asia region coupled with increasing number of trans-Pacific voyages has led tugboats owners/operators towards installing advanced equipment including marine diesel engines along with associated systems such as fuel tanks, fuel filters etc., which are manufactured using corrosion resistant materials that offer longer life spans under harsh environment conditions while providing safety against accidental starting etc.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has a large number of shipbuilding facilities, which can construct vessels with different power capacities. Moreover, increasing offshore projects in countries such as China and India are anticipated to drive the product demand over the next eight years.
The European market for marine azimuth thrusters is likely to witness significant growth during the forecast period owing to rising investments in LNG transportation infrastructure coupled with growing maritime activities across countries such as France, Italy, Greece and Spain. In addition, rising awareness regarding energy security among industrial organizations operating in Europe will augment industry growth over this period.
North America accounted for a significant share of revenue generated by ferries & freighter segment owing to high passenger traffic on major coastal cities including New York (U), Los Angeles (U) Miami (FL), San Francisco Bay Area (CA) and Seattle-Tacoma area(WA).
Growth Factors:
- Increasing demand for marine azimuth thrusters from the commercial and defense sectors due to their high efficiency and performance.
- Growing popularity of electric propulsion systems in the marine industry, which is aiding the growth of the marine azimuth thruster market.
- Rising investments in new vessel construction projects, especially by emerging economies in Asia Pacific and Latin America, is propelling the demand for marine azimuth thrusters globally.
- Technological advancements being made in this product segment are resulting in better efficiency and performance of marine azimuth thrusters, thereby driving their adoption across various end-use segments.
Scope Of The Report
Report Attributes
Report Details
Report Title
Marine Azimuth Thrusters 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, Niigata Power Systems , Cat Propulsion, Brunvoll, Thrustmaster, Kawasaki, Steerprop, Wärtsilä Corporation, ABB Marine , Voith Turbo, 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
250
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.
Global Marine Azimuth Thrusters Market Report Segments:
The global Marine Azimuth Thrusters 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
- Niigata Power SystemsÂ
- Cat Propulsion
- Brunvoll
- Thrustmaster
- Kawasaki
- Steerprop
- Wärtsilä Corporation
- ABB MarineÂ
- Voith Turbo
- ZF Friedrichshafen AG
- Veth Propulsion
- NGC
- Jastram
- Wuxi Ruifeng Marine
- Hydromaster
Highlights of The Marine Azimuth Thrusters 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 Marine Azimuth Thrusters 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.
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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?
Marine azimuth thrusters are a type of propulsion system used on ships and submarines. They use an electric motor to create a forward motion, which is then used to rotate the propeller in the opposite direction. This rotation creates thrust, which propels the ship or submarine forward.
Some of the key players operating in the marine azimuth thrusters market are SCHOTTEL Group, Rolls-Royce, Niigata Power Systems‚ , Cat Propulsion, Brunvoll, Thrustmaster, Kawasaki, Steerprop, WƒÂ¤rtsilƒÂ¤ Corporation, ABB Marine‚ , Voith Turbo, ZF Friedrichshafen AG, Veth Propulsion, NGC, Jastram, Wuxi Ruifeng Marine, Hydromaster.
The marine azimuth thrusters market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Marine Azimuth Thrusters Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Marine Azimuth Thrusters Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Marine Azimuth Thrusters Market - Supply Chain
4.5. Global Marine Azimuth Thrusters Market Forecast
4.5.1. Marine Azimuth Thrusters Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Marine Azimuth Thrusters Market Size (000 Units) and Y-o-Y Growth
4.5.3. Marine Azimuth Thrusters Market Absolute $ Opportunity
5. Global Marine Azimuth Thrusters Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Marine Azimuth Thrusters Market Size and Volume Forecast by Type
5.3.1. Less than 1500KW
5.3.2. 1500KW-3500KW
5.3.3. More than 3500KW
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Marine Azimuth Thrusters Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Marine Azimuth Thrusters Market Size and Volume Forecast by Application
6.3.1. Tugboat
6.3.2. Offshore Support Vessel
6.3.3. Ferries and Freighter
6.3.4. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Marine Azimuth Thrusters Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Marine Azimuth Thrusters Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Marine Azimuth Thrusters Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Marine Azimuth Thrusters Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Marine Azimuth Thrusters Demand Share Forecast, 2019-2026
9. North America Marine Azimuth Thrusters Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Marine Azimuth Thrusters Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Marine Azimuth Thrusters Market Size and Volume Forecast by Application
9.4.1. Tugboat
9.4.2. Offshore Support Vessel
9.4.3. Ferries and Freighter
9.4.4. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Marine Azimuth Thrusters Market Size and Volume Forecast by Type
9.7.1. Less than 1500KW
9.7.2. 1500KW-3500KW
9.7.3. More than 3500KW
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Marine Azimuth Thrusters Demand Share Forecast, 2019-2026
10. Latin America Marine Azimuth Thrusters Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Marine Azimuth Thrusters Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Marine Azimuth Thrusters Market Size and Volume Forecast by Application
10.4.1. Tugboat
10.4.2. Offshore Support Vessel
10.4.3. Ferries and Freighter
10.4.4. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Marine Azimuth Thrusters Market Size and Volume Forecast by Type
10.7.1. Less than 1500KW
10.7.2. 1500KW-3500KW
10.7.3. More than 3500KW
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Marine Azimuth Thrusters Demand Share Forecast, 2019-2026
11. Europe Marine Azimuth Thrusters Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Marine Azimuth Thrusters Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Marine Azimuth Thrusters Market Size and Volume Forecast by Application
11.4.1. Tugboat
11.4.2. Offshore Support Vessel
11.4.3. Ferries and Freighter
11.4.4. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Marine Azimuth Thrusters Market Size and Volume Forecast by Type
11.7.1. Less than 1500KW
11.7.2. 1500KW-3500KW
11.7.3. More than 3500KW
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Marine Azimuth Thrusters Demand Share, 2019-2026
12. Asia Pacific Marine Azimuth Thrusters Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Marine Azimuth Thrusters Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Marine Azimuth Thrusters Market Size and Volume Forecast by Application
12.4.1. Tugboat
12.4.2. Offshore Support Vessel
12.4.3. Ferries and Freighter
12.4.4. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Marine Azimuth Thrusters Market Size and Volume Forecast by Type
12.7.1. Less than 1500KW
12.7.2. 1500KW-3500KW
12.7.3. More than 3500KW
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Marine Azimuth Thrusters Demand Share, 2019-2026
13. Middle East & Africa Marine Azimuth Thrusters Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Marine Azimuth Thrusters Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Marine Azimuth Thrusters Market Size and Volume Forecast by Application
13.4.1. Tugboat
13.4.2. Offshore Support Vessel
13.4.3. Ferries and Freighter
13.4.4. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Marine Azimuth Thrusters Market Size and Volume Forecast by Type
13.7.1. Less than 1500KW
13.7.2. 1500KW-3500KW
13.7.3. More than 3500KW
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Marine Azimuth Thrusters Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Marine Azimuth Thrusters Market: Market Share Analysis
14.2. Marine Azimuth Thrusters Distributors and Customers
14.3. Marine Azimuth Thrusters Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. SCHOTTEL Group
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Rolls-Royce
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Niigata Power Systems
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Cat Propulsion
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Brunvoll
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Thrustmaster
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Kawasaki
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Steerprop
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Wärtsilä Corporation
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. ABB Marine
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Voith Turbo
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. ZF Friedrichshafen AG
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Veth Propulsion
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. NGC
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Jastram
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Wuxi Ruifeng Marine
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Hydromaster
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
