Reports

Global Azimuth Thrusters Market: By Type: Less than 1500KW, 1500KW-3500KW, More than 3500KW; By Drive System: Diesel Drive System, Electric Drive System, Others; By Application; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics; Competitive Landscape; Industry Events and Developments

Global Azimuth Thrusters Market Outlook

The global azimuth thrusters market is expected to grow at a CAGR of 1.5% during the period 2023-2028. Market is expected to be driven by the need to maintain robust and efficient shipping fleets. North America, Europe and Asia Pacific are expected to be key markets.

 

azimuth thrusters market

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Global Market Likely to be Driven by Need for Improved Ship Manoeuvrability and Advancements in Technology

Offshore industry warrants robust shipping fleets to fulfil the logistics requirements related to the movement of goods and people from one place on land to another at sea or offshore, and vice-versa. Ship manoeuvrability assumes much significance when operating in waters. In ships with conventional systems, the manoeuvring capability is determined by rudder performance, sea conditions, and the shape of the ship. Ships equipped with the azimuth thruster display enhanced manoeuvrability and the capability to rotate 360°. Other advantages include more efficient use of electricity, better use of space, and reduced maintenance costs. Azimuth thrusters are used across the globe.

Poseidon brand azimuth thrusters are generally employed for main propulsion; these come in 60kW to 2900kW capacities. Almost all individual thruster systems may be optimized for vessel speed or maximum bollard thrust. Azimuth thrusters come in Z-drive configuration (with direct diesel engine drive), or L-drive configuration (for electric motor or hydraulic motor drive). Azimuth thrusters can take the place of conventional propulsion and rudder steering systems to carry out both propulsion and steering functions. Azimuth thrusters are recommended where advanced manoeuvrability is needed in applications like dynamic positioning, ship escort and ship docking services.

 

Novel, Environmentally Friendly, Powerful and Efficient Propulsion Solutions Expected to Boost Market Growth

Precision assumes much importance when navigating, and selection of marine propulsion system relies heavily on the product that offers optimum interaction between performance, cost-effectiveness, environmental compatibility and flexibility. Leading companies today offer a new generation of environmentally friendly, powerful and efficient propulsion solutions so that naval architects, shipyards and fleet operators may get high-quality and robust propulsion systems with features suited to several ship types. For example, in 2021, ZF offered new ZF AT 80 thruster model range at the SMM Digital maritime trade fair to close the performance gap for marine propulsion systems. The model range was available as a 360-degree steerable thruster and as a retractable propulsion system, or as a bow thruster. Thus, a larger number of ship operators, shipyards and naval architects could employ the technology in different applications. The solutions ensured robust and economical ship operations, and offered several possibilities for individual configurations and extensions, such as the ProVID condition monitoring system. Such novel and advanced solutions are expected to contribute to the growth of the global azimuth thrusters market.

 

Advent of Permanent Magnet (PM) Technology Enhanced Azimuth Thruster Efficiency

In 2015, Rolls-Royce launched a new azimuth thruster powered by permanent magnet (PM) technology after sea trials in which a pair of thrusters showed efficiency savings of seven to thirteen percent, depending on ship speed, and in comparison to azimuth thrusters powered by conventional diesel-electric system. Findings had important implications for future ship sustainability in marine as well as offshore sectors. Companies like Kongsberg also offer permanent magnetic driven azimuth thruster (AZ-PM) solutions. Azimuth PM thrusters are environmentally friendly; other benefits include a compact design, high energy efficiency, low maintenance, and less noise and vibration.  Such benefits offered by advancements in technology are expected to stimulate market growth.

 

Global Azimuth Thrusters Market Segmentation

 

azimuth thrusters market by segments

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By type, the market is segmented into:

  • Less than 1500KW
  • 1500KW-3500KW
  • More than 3500KW

By drive system, the market is classified into:

  • Diesel Drive System
  • Electric Drive System
  • Hydraulic Drive System
  • Others

By application, the market is classified into:

  • Tugboat
  • Naval Ships
  • Recreational Boats
  • Offshore Support Vessel
  • Ferries and Freighter
  • Others

By region, the market is segmented into:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

 

azimuth thrusters market by region

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Key Industry Players in the Global Azimuth Thrusters Market

The report presents a detailed analysis of the following key players in the market, looking into their capacity, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

  • Kongsberg Gruppen ASA
  • ABB Ltd.
  • SCHOTTEL Group
  • Brunvoll AS
  • ZF Friedrichshafen AG
  • Caterpillar Inc.
  • Others

The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2022
Historical Period 2018-2022
Forecast Period 2023-2028
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Type
  • Drive System
  • Application
  • Region
Breakup by Type
  • Less than 1500KW
  • 1500KW-3500KW
  • More than 3500KW
Breakup by Drive System
  • Diesel Drive System
  • Electric Drive System
  • Hydraulic Drive System
  • Others
Breakup by Application
  • Tugboat
  • Naval Ships
  • Recreational Boats
  • Offshore Support Vessel
  • Ferries and Freighter
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT
  • Porter's Five Forces
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Kongsberg Gruppen ASA
  • ABB Ltd.
  • SCHOTTEL Group
  • Brunvoll AS
  • ZF Friedrichshafen AG
  • Caterpillar Inc.
  • Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Market Snapshot
    6.1    Global
    6.2    Regional
7    Opportunities and Challenges in the Market
8    Global Azimuth Thrusters Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Azimuth Thrusters Historical Market (2018-2022) 
    8.3    Global Azimuth Thrusters Market Forecast (2023-2028)
    8.4    Global Azimuth Thrusters Market by Type
        8.4.1    Less than 1500KW
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2018-2022)
            8.4.1.3    Forecast Trend (2023-2028)
        8.4.2    1500KW-3500KW
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2018-2022)
            8.4.2.3    Forecast Trend (2023-2028)
        8.4.3    More than 3500KW
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2018-2022)
            8.4.3.3    Forecast Trend (2023-2028)
    8.5    Global Azimuth Thrusters Market by Drive System
        8.5.1    Diesel Drive System
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2018-2022)
            8.5.1.3    Forecast Trend (2023-2028)
        8.5.2    Electric Drive System
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2018-2022)
            8.5.2.3    Forecast Trend (2023-2028)
        8.5.3    Hydraulic Drive System
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2018-2022)
            8.5.3.3    Forecast Trend (2023-2028)
        8.5.4    Others
    8.6    Global Azimuth Thrusters Market by Application
        8.6.1    Tugboat
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2018-2022)
            8.6.1.3    Forecast Trend (2023-2028)
        8.6.2    Naval Ships
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2018-2022)
            8.6.2.3    Forecast Trend (2023-2028)
        8.6.3    Recreational Boats
            8.6.3.1    Market Share
            8.6.3.2    Historical Trend (2018-2022)
            8.6.3.3    Forecast Trend (2023-2028)
        8.6.4    Offshore Support Vessel
            8.6.4.1    Market Share
            8.6.4.2    Historical Trend (2018-2022)
            8.6.4.3    Forecast Trend (2023-2028)
        8.6.5    Ferries and Freighter
            8.6.5.1    Market Share
            8.6.5.2    Historical Trend (2018-2022)
            8.6.5.3    Forecast Trend (2023-2028)
        8.6.6    Others    
    8.7    Global Azimuth Thrusters Market by Region
        8.7.1    North America
            8.7.1.1    Market Share
            8.7.1.2    Historical Trend (2018-2022) 
            8.7.1.3    Forecast Trend (2023-2028)
        8.7.2    Europe
            8.7.2.1    Market Share
            8.7.2.2    Historical Trend (2018-2022) 
            8.7.2.3    Forecast Trend (2023-2028)
        8.7.3    Asia Pacific
            8.7.3.1    Market Share
            8.7.3.2    Historical Trend (2018-2022)
            8.7.3.3    Forecast Trend (2023-2028)
        8.7.4    Latin America
            8.7.4.1    Market Share
            8.7.4.2    Historical Trend (2018-2022) 
            8.7.4.3    Forecast Trend (2023-2028)
        8.7.5    Middle East and Africa
            8.7.5.1    Market Share
            8.7.5.2    Historical Trend (2018-2022) 
            8.7.5.3    Forecast Trend (2023-2028)
9    North America Azimuth Thrusters Market Analysis
    9.1    United States of America 
        9.1.1    Market Share
        9.1.2    Historical Trend (2018-2022) 
        9.1.3    Forecast Trend (2023-2028)
    9.2    Canada
        9.2.1    Market Share
        9.2.2    Historical Trend (2018-2022) 
        9.2.3    Forecast Trend (2023-2028)
10    Europe Azimuth Thrusters Market Analysis
    10.1    United Kingdom
        10.1.1    Market Share
        10.1.2    Historical Trend (2018-2022) 
        10.1.3    Forecast Trend (2023-2028)
    10.2    Germany
        10.2.1    Market Share
        10.2.2    Historical Trend (2018-2022) 
        10.2.3    Forecast Trend (2023-2028)
    10.3    France
        10.3.1    Market Share
        10.3.2    Historical Trend (2018-2022) 
        10.3.3    Forecast Trend (2023-2028)
    10.4    Italy
        10.4.1    Market Share
        10.4.2    Historical Trend (2018-2022) 
        10.4.3    Forecast Trend (2023-2028)
    10.5    Others
11    Asia Pacific Azimuth Thrusters Market Analysis
    11.1    China
        11.1.1    Market Share
        11.1.2    Historical Trend (2018-2022) 
        11.1.3    Forecast Trend (2023-2028)
    11.2    Japan
        11.2.1    Market Share
        11.2.2    Historical Trend (2018-2022) 
        11.2.3    Forecast Trend (2023-2028)
    11.3    India
        11.3.1    Market Share
        11.3.2    Historical Trend (2018-2022) 
        11.3.3    Forecast Trend (2023-2028)
    11.4    ASEAN
        11.4.1    Market Share
        11.4.2    Historical Trend (2018-2022) 
        11.4.3    Forecast Trend (2023-2028)
    11.5    Australia
        11.5.1    Market Share
        11.5.2    Historical Trend (2018-2022) 
        11.5.3    Forecast Trend (2023-2028)
    11.6    Others
12    Latin America Azimuth Thrusters Market Analysis
    12.1    Brazil
        12.1.1    Market Share
        12.1.2    Historical Trend (2018-2022) 
        12.1.3    Forecast Trend (2023-2028)
    12.2    Argentina
        12.2.1    Market Share
        12.2.2    Historical Trend (2018-2022) 
        12.2.3    Forecast Trend (2023-2028)
    12.3    Mexico
        12.3.1    Market Share
        12.3.2    Historical Trend (2018-2022) 
        12.3.3    Forecast Trend (2023-2028)
    12.4    Others
13    Middle East and Africa Azimuth Thrusters Market Analysis
    13.1    Saudi Arabia
        13.1.1    Market Share
        13.1.2    Historical Trend (2018-2022) 
        13.1.3    Forecast Trend (2023-2028)
    13.2    United Arab Emirates
        13.2.1    Market Share
        13.2.2    Historical Trend (2018-2022) 
        13.2.3    Forecast Trend (2023-2028)
    13.3    Nigeria
        13.3.1    Market Share
        13.3.2    Historical Trend (2018-2022) 
        13.3.3    Forecast Trend (2023-2028)
    13.4    South Africa
        13.4.1    Market Share
        13.4.2    Historical Trend (2018-2022) 
        13.4.3    Forecast Trend (2023-2028)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Competitive  Landscape
    15.1    Market Structure
    15.2    Company Profiles
        15.2.1    Kongsberg Gruppen ASA
            15.2.1.1    Company Overview
            15.2.1.2    Product Portfolio
            15.2.1.3    Demographic Reach and Achievements
            15.2.1.4    Certifications
        15.2.2    ABB Ltd.
            15.2.2.1    Company Overview
            15.2.2.2    Product Portfolio
            15.2.2.3    Demographic Reach and Achievements
            15.2.2.4    Certifications
        15.2.3    SCHOTTEL Group
            15.2.3.1    Company Overview
            15.2.3.2    Product Portfolio
            15.2.3.3    Demographic Reach and Achievements
            15.2.3.4    Certifications
        15.2.4    Brunvoll AS
            15.2.4.1    Company Overview
            15.2.4.2    Product Portfolio
            15.2.4.3    Demographic Reach and Achievements
            15.2.4.4    Certifications
        15.2.5    ZF Friedrichshafen AG
            15.2.5.1    Company Overview
            15.2.5.2    Product Portfolio
            15.2.5.3    Demographic Reach and Achievements
            15.2.5.4    Certifications
        15.2.6    Caterpillar Inc.
            15.2.6.1    Company Overview
            15.2.6.2    Product Portfolio
            15.2.6.3    Demographic Reach and Achievements
            15.2.6.4    Certifications
        15.2.7    Others
16    Key Trends and Developments in the Market

 

List of Figures and Tables

1.    Global Azimuth Thrusters Market: Key Industry Highlights, 2018 and 2028
2.    Global Azimuth Thrusters Historical Market: Breakup by Type (USD Million), 2018-2022
3.    Global Azimuth Thrusters Market Forecast: Breakup by Type (USD Million), 2023-2028
4.    Global Azimuth Thrusters Historical Market: Breakup by Drive System (USD Million), 2018-2022
5.    Global Azimuth Thrusters Market Forecast: Breakup by Drive System (USD Million), 2023-2028
6.    Global Azimuth Thrusters Historical Market: Breakup by Application (USD Million), 2018-2022
7.    Global Azimuth Thrusters Market Forecast: Breakup by Application (USD Million), 2023-2028
8.    Global Azimuth Thrusters Historical Market: Breakup by Region (USD Million), 2018-2022
9.    Global Azimuth Thrusters Market Forecast: Breakup by Region (USD Million), 2023-2028
10.    North America Azimuth Thrusters Historical Market: Breakup by Country (USD Million), 2018-2022
11.    North America Azimuth Thrusters Market Forecast: Breakup by Country (USD Million), 2023-2028
12.    Europe Azimuth Thrusters Historical Market: Breakup by Country (USD Million), 2018-2022
13.    Europe Azimuth Thrusters Market Forecast: Breakup by Country (USD Million), 2023-2028
14.    Asia Pacific Azimuth Thrusters Historical Market: Breakup by Country (USD Million), 2018-2022
15.    Asia Pacific Azimuth Thrusters Market Forecast: Breakup by Country (USD Million), 2023-2028
16.    Latin America Azimuth Thrusters Historical Market: Breakup by Country (USD Million), 2018-2022
17.    Latin America Azimuth Thrusters Market Forecast: Breakup by Country (USD Million), 2023-2028
18.    Middle East and Africa Azimuth Thrusters Historical Market: Breakup by Country (USD Million), 2018-2022
19.    Middle East and Africa Azimuth Thrusters Market Forecast: Breakup by Country (USD Million), 2023-2028
20.    Global Azimuth Thrusters Market Structure

Key Questions Answered in the Report

The global azimuth thrusters market is projected to grow at a CAGR of 1.5% between 2023 and 2028.

The major drivers of the market include the investments for international seaborne trade, growth in maritime tourism, increased demand for azimuth thrusters from the new shipbuilding and repair market, and growth of ship manufacturers.

The need to maintain robust and efficient shipping fleets and technological advancements are the key industry trends propelling the market's growth.

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

The types of azimuth thrusters are less than 1500KW, 1500KW-3500KW, and more than 3500KW.

Based on drive system, the market is divided into diesel drive system, electric drive system, and hydraulic drive system, among others.

The major applications of the market are tugboat, naval ships, recreational boats, offshore support vessel, ferries and freighter, among others.

The major players in the industry are Kongsberg Gruppen ASA, ABB Ltd., SCHOTTEL Group, Brunvoll AS, ZF Friedrichshafen AG, and Caterpillar Inc., among others.

Analyst Review

The global azimuth thrusters market was driven by the need to maintain robust and efficient shipping fleets in the historical period. Aided by the investments for international seaborne trade and growth in maritime tourism, the market is expected to witness further growth in the forecast period of 2023-2028, growing at a CAGR of 1.5%.

EMR's meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. The types of azimuth thrusters are less than 1500KW, 1500KW-3500KW, and more than 3500KW. Based on drive system, the market is divided into diesel drive system, electric drive system, and hydraulic drive system, among others. These thrusters find wide applications in tugboat, naval ships, recreational boats, offshore support vessel, ferries and freighter, among others. The major regional markets for azimuth thrusters are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The major players in the industry are Kongsberg Gruppen ASA, ABB Ltd., SCHOTTEL Group, Brunvoll AS, ZF Friedrichshafen AG, and Caterpillar Inc., among others.

EMR's research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable and help them remain ahead of their competition.

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