Ship Propulsion System Market
Ship Propulsion System Market Global Industry Assessment & Forecast
#
Pages:
151
2021
Nov - 2021
VMR-2021-0224
Segments Covered
By
Type Two-stroke, Four-stroke, Steam wheel, Gas-turbine, United propulsion, Others
-
By
Application Nomal transport ship, Large fast passenger ship, Marine cargo ship, Minitype yacht, Others
Snapshot
 Forecast
Years:
|
2021 - 2028 |
 Historical
Years:
|
2016 - 2020 |
 Revenue
2021: |
7.12 Billion |
 Revenue 2028:
|
20.23 Billion |
 Revenue CAGR
(2021 - 2028): |
2.98 |
Fastest Growing Region (2022 -
2028)
|
Asia Pacific |
Customization Offered
Cross-segment Market Size and
Analysis
for Mentioned Segments- Additional Company Profiles (Upto 5
With
No Cost)
- Additional Countries (Apart From
Mentioned Countries)
- Country/Region-specific Report
- Go To Market Strategy
- Region Specific Market Dynamics
- Region Level Market Share
- Import Export Analysis
- Production Analysis
- Others Request
Customization Speak To
Analyst
Type
Analysis: Preview On the basis of Type,
the market is segmented into Two-stroke, Four-stroke, Steam wheel, Gas-turbine, United propulsion, Others. Four-stroke held the highest
share in the global Ship Propulsion System
market and is projected to witness the same trend during the forecast
period. Companies in this
sector are opting to advanced technologies in their supply chain to cater the
end user requirements effectively. Application
Analysis: Preview
Based on Application,
the market is segmented into Nomal transport ship, Large fast passenger ship, Marine cargo ship, Minitype yacht, Others. Large fast passenger ship accounted
for the highest market share and is expected to grow at a significant CAGR from
2021 to 2028.
Global Ship Propulsion System Market: Type Segment Analysis
-
- Two-stroke
- Four-stroke
- Steam wheel
- Gas-turbine
- United propulsion
- Others
Global Ship Propulsion System Market: Application Segment Analysis
-
- Nomal transport ship
- Large fast passenger ship
- Marine cargo ship
- Minitype yacht
- Others
FAQ
Frequently Asked Question
What is the global demand for Ship Propulsion System in terms of revenue?
-
The global Ship Propulsion System valued at 7.12 Billion in 2020 and is expected to reach 20.23 Billion in 2028 growing at a CAGR of 2.98%.
Which are the prominent players in the market?
-
The prominent players in the market are Orbital ATK, 3W International GmbH, Rolls-Royce, Lockheed Martin, Honeywell, Thrustmaster, Aerojet Rocketdyne, Safran S.A, GKN Aerospace, GE, Northrop Grumman, United Technologies Corporation, Raytheon..
At what CAGR is the market projected to grow within the forecast period?
-
The market is project to grow at a CAGR of 2.98% between 2021 and 2028.
What are the driving factors fueling the growth of the market?
-
The driving factors of the Ship Propulsion System include
- Nearly no noise, it is very small in size, it is light weight, it starts up immediately without needing to warm up, there is no exhaust smell which are some of the factors driving the market.
- Enviromentally friendly since it uses no oil or fossil fuels, one can recharge it with solar panels and wind generators, it acts as a hydrogenerator when sailing. No fuel filter to clog. These factors are also driving the market growth.
Which region accounted for the largest share in the market?
-
Asia Pacific was the leading regional segment of the Ship Propulsion System in 2020.
