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Global Marine Thrusters Market by Type (Controllable Pitch Propeller (CPP), Fixed Pitch Propeller (FPP)), By Application (Offshore Rigs, Ships, Others) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

  • Report ID: ME-9230
  • Author: Up Market Research
  • Rating: 4.6
  • Total Reviews: 53
  • No. Of Pages: 224
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  • Pub. Date: 2021-04-04
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The Global Marine Thrusters Market size is projected to grow from USD 1.4 billion in 2021 to USD X.X billion by 2028, at a CAGR of 7%. Major factors driving the growth of the marine thrusters market are increasing offshore rigs and ships globally, continuous development of new technologies for the propulsion system,s and increasing investment in renewable energy sources such as wind power plants.



Marine thrusters are devices used to generate thrust and propel a vessel through the water. There are different types of marine thrusters, including controllable pitch propellers (CPP) and fixed pitch propellers (FPP). Marine thrusters are commonly used on offshore rigs, ships, and other vessels. Marine thrusters are propulsion devices used on ships, submarines, and offshore platforms for the purpose of moving them through the water. Like any other mechanical unit, marine thrusters need to be regularly serviced to remain efficient in their performance. Unlike traditional propellers which have a 360-degree rotation arc, they can rotate between 0 degrees (no movement) and 180 degrees, making them a preferred choice for ships to change the direction of their movement. This is necessary when they need to dock in tight spaces or turn sharply on open water.



On the basis of Type, the global marine thrusters market is segmented into, Controllable Pitch Propeller (CPP), Fixed Pitch Propeller (FPP).



Controllable Pitch Propeller (CPP):

A controllable pitch propeller is a type of marine propulsion system that uses the pitch difference between the blades to create both speed and torque. The device has two sets of fixed pitched blades, one being stationary while another set attached to a rotating shaft is what determines its ability to change blade angles. This allows it to be used in either forward or reverse. The CPP can provide higher propulsive efficiency by optimization of blade angle, which consequently reduces fuel consumption and emissions.



Fixed Pitch Propeller (FPP):

FPP is a type of marine propulsion system that uses one or more blades to push the water in the opposite direction. The blades are set at an angle, this means that it can be fixed in position and does not rotate like CPPs. This allows for fewer moving parts which makes them easier to maintain when compared with CPPs. FPPs are commonly used in smaller vessels as they do not require a lot of power to operate. FPPs are also more fuel-efficient, making them a popular choice for many vessel operators. They are also cheaper to manufacture, which can be another contributing factor when it comes to choosing this type of propulsion system.



On the basis of Application, the global marine thrusters market is segmented into Offshore Rigs, Ships, and Others.



Offshore Rigs:

Offshore rigs are used in the exploration and production of oil and gas reserves from offshore areas. Marine thrusters play an important role in the efficient functioning of these rigs by helping them to maintain their position at sea. The installation and operation of marine thrusters on offshore rigs is a complex process that requires careful planning and execution. The type of thruster and its location on the rig must be carefully selected to ensure that it can meet the specific requirements of the application.



Ships:

Marine thrusters are used in ships to provide vessels' main source of propulsion. They convert propellers power into thrust and propel the ship forward, backward, or sideways as required for its movement. Marine thrusters are also known as propulsors. CPP thrusters are mounted in a pod below the hull of the ship. They can be rotated to change the direction of thrust and so control the ship's direction. FPP thrusters are fixed in place on the hull but can still rotate around their vertical axis, allowing them to move forwards or backward without changing course.



On the basis of Region, the global marine thrusters market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. North America is expected to lead the global marine thrusters market in terms of revenue during the forecast period. The growth of the North American market can be attributed to the increasing demand for advanced maritime technology and equipment from countries such as the U.S., Canada, and Mexico.

The Asia Pacific marine thrusters market is expected to grow at a significant rate during the forecast period. The major factor contributing towards this growth can be attributed to the rise in investments made by various countries, such as Japan and China for the modernization of their maritime technology & equipment. There are around 80% of marine vessels that have been equipped with a pair of thrusters in Latin America. In terms of CPP, the use is at 40%, while FPP has stood at 30%. The marine thrusters market in Latin America is driven by the growing demand for vessels with reduced fuel consumption. Furthermore, Latin America is anticipated to witness high growth rates in countries such as Brazil and Mexico.



Growth Factors For The Global Marine Thrusters Market:

The growth of the global marine thrusters market can be attributed to various factors, such as the increase in demand for maritime transportation and the rise in the number of cruise ships. Furthermore, the growth of the oil and gas industry is expected to propel the demand for marine thrusters over the forecast period. The increasing popularity of yachts and other recreational vessels is also expected to boost the demand for marine thrusters.



Up Market Research published a new report titled “Marine Thrusters Market research report which is segmented by Types (Controllable Pitch Propeller (CPP), Fixed Pitch Propeller (FPP)), By Applications (Offshore Rigs, Ships, Others), By Players/Companies Wartsila, Rolls-royce, Schottel, Caterpillar Propulsion, Hundested, Kawasaki H I Marine, ZF (HRP), Brunvoll, Masson Marine, Nakashima, Hyundai Heavy Industries, MMG, DMPC, Voith, Thrustmaster, Veth, Hi-Sea Marine, SMMC Marine Drive Systems”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

 

Report Scope

Report Attributes Report Details
Report Title Marine Thrusters Market Research Report
By Type Controllable Pitch Propeller (CPP), Fixed Pitch Propeller (FPP)
By Application Offshore Rigs, Ships, Others
By Companies Wartsila, Rolls-royce, Schottel, Caterpillar Propulsion, Hundested, Kawasaki H I Marine, ZF (HRP), Brunvoll, Masson Marine, Nakashima, Hyundai Heavy Industries, MMG, DMPC, Voith, Thrustmaster, Veth, Hi-Sea Marine, SMMC Marine Drive Systems
Regions Covered North America, Europe, APAC, Latin America, MEA
Base Year 2020
Historical Year 2018 to 2019 (Data from 2010 can be provided as per availability)
Forecast Year 2028
Number of Pages 224
Number of Tables & Figures 157
Customization Available Yes, the report can be customized as per your need.
 

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.


Global Marine Thrusters Industry Outlook
 

Global Marine Thrusters Market Report Segments:

The market is segmented by Type Controllable Pitch Propeller (CPP), Fixed Pitch Propeller (FPP) and By Application Offshore Rigs, Ships, Others.

 

Some of the companies that are profiled in this report are:

  1. Wartsila
  2. Rolls-royce
  3. Schottel
  4. Caterpillar Propulsion
  5. Hundested
  6. Kawasaki H I Marine
  7. ZF (HRP)
  8. Brunvoll
  9. Masson Marine
  10. Nakashima
  11. Hyundai Heavy Industries
  12. MMG
  13. DMPC
  14. Voith
  15. Thrustmaster
  16. Veth
  17. Hi-Sea Marine
  18. SMMC Marine Drive Systems
 

Marine Thrusters Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

 

Key Benefits for Industry Participants & Stakeholders:

  • Industry drivers, restraints, and opportunities covered in the study
  • Neutral perspective on the market performance
  • Recent industry trends and developments
  • Competitive landscape & strategies of key players
  • Potential & niche segments and regions exhibiting promising growth covered
  • Historical, current, and projected market size, in terms of value
  • In-depth analysis of the Marine Thrusters Market
 

Overview of the regional outlook of the Marine Thrusters Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.


Marine Thrusters Market Overview
 

Highlights of The Marine Thrusters Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of Marine Thrusters Market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2028.
  5. Developments and trends in the market.
  6. By Type:

                1. Controllable Pitch Propeller (CPP)

                2. Fixed Pitch Propeller (FPP)

       7. By Application:

                1. Offshore Rigs

                2. Ships

                3. Others

  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. Government Policies, Macro & Micro economic factors are also included in the report.
 

We have studied the Marine 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 2028.

 

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

Marine Thrusters Market Statistics
 

Reasons to Purchase the Marine Thrusters Market Report:

  • The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
  • Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
  • Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
  • The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
  • Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Marine Thrusters 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 Marine Thrusters Market Dynamics 
      4.2.1 Market Drivers 
      4.2.2 Market Restraints 
      4.2.3 Market Opportunity 
   4.3 Marine Thrusters 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 Marine Thrusters 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 Marine Thrusters Market Size & Forecast, 2018-2028 
      4.5.1 Marine Thrusters Market Size and Y-o-Y Growth 
      4.5.2 Marine Thrusters Market Absolute $ Opportunity 


Chapter 5 Global Marine Thrusters 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 Marine Thrusters Market Size Forecast by Type
      5.2.1 Controllable Pitch Propeller (CPP)
      5.2.2 Fixed Pitch Propeller (FPP)
   5.3 Market Attractiveness Analysis by Type

Chapter 6 Global Marine Thrusters 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 Marine Thrusters Market Size Forecast by Applications
      6.2.1 Offshore Rigs
      6.2.2 Ships
      6.2.3 Others
   6.3 Market Attractiveness Analysis by Applications

Chapter 7 Global Marine Thrusters 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 Marine Thrusters 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 Marine Thrusters Analysis and Forecast
   9.1 Introduction
   9.2 North America Marine Thrusters 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 Marine Thrusters Market Size Forecast by Type
      9.6.1 Controllable Pitch Propeller (CPP)
      9.6.2 Fixed Pitch Propeller (FPP)
   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 Marine Thrusters Market Size Forecast by Applications
      9.10.1 Offshore Rigs
      9.10.2 Ships
      9.10.3 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 Marine Thrusters Analysis and Forecast
   10.1 Introduction
   10.2 Europe Marine Thrusters 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 Marine Thrusters Market Size Forecast by Type
      10.6.1 Controllable Pitch Propeller (CPP)
      10.6.2 Fixed Pitch Propeller (FPP)
   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 Marine Thrusters Market Size Forecast by Applications
      10.10.1 Offshore Rigs
      10.10.2 Ships
      10.10.3 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 Marine Thrusters Analysis and Forecast
   11.1 Introduction
   11.2 Asia Pacific Marine Thrusters 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 Marine Thrusters Market Size Forecast by Type
      11.6.1 Controllable Pitch Propeller (CPP)
      11.6.2 Fixed Pitch Propeller (FPP)
   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 Marine Thrusters Market Size Forecast by Applications
      11.10.1 Offshore Rigs
      11.10.2 Ships
      11.10.3 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 Marine Thrusters Analysis and Forecast
   12.1 Introduction
   12.2 Latin America Marine Thrusters 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 Marine Thrusters Market Size Forecast by Type
      12.6.1 Controllable Pitch Propeller (CPP)
      12.6.2 Fixed Pitch Propeller (FPP)
   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 Marine Thrusters Market Size Forecast by Applications
      12.10.1 Offshore Rigs
      12.10.2 Ships
      12.10.3 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) Marine Thrusters Analysis and Forecast
   13.1 Introduction
   13.2 Middle East & Africa (MEA) Marine Thrusters 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) Marine Thrusters Market Size Forecast by Type
      13.6.1 Controllable Pitch Propeller (CPP)
      13.6.2 Fixed Pitch Propeller (FPP)
   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) Marine Thrusters Market Size Forecast by Applications
      13.10.1 Offshore Rigs
      13.10.2 Ships
      13.10.3 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 Marine Thrusters Market: Competitive Dashboard
   14.2 Global Marine Thrusters Market: Market Share Analysis, 2019
   14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      14.3.1 Wartsila
      14.3.2 Rolls-royce
      14.3.3 Schottel
      14.3.4 Caterpillar Propulsion
      14.3.5 Hundested
      14.3.6 Kawasaki H I Marine
      14.3.7 ZF (HRP)
      14.3.8 Brunvoll
      14.3.9 Masson Marine
      14.3.10 Nakashima
      14.3.11 Hyundai Heavy Industries
      14.3.12 MMG
      14.3.13 DMPC
      14.3.14 Voith
      14.3.15 Thrustmaster
      14.3.16 Veth
      14.3.17 Hi-Sea Marine
      14.3.18 SMMC Marine Drive Systems
Segments Covered in the Report
The global Marine Thrusters market has been segmented based on

By Types
  • Controllable Pitch Propeller (CPP)
  • Fixed Pitch Propeller (FPP)
By Applications
  • Offshore Rigs
  • Ships
  • Others
Regions
  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa
Key Players
  • Wartsila
  • Rolls-royce
  • Schottel
  • Caterpillar Propulsion
  • Hundested
  • Kawasaki H I Marine
  • ZF (HRP)
  • Brunvoll
  • Masson Marine
  • Nakashima
  • Hyundai Heavy Industries
  • MMG
  • DMPC
  • Voith
  • Thrustmaster
  • Veth
  • Hi-Sea Marine
  • SMMC Marine Drive Systems

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