Water-jet propulsion device market is anticipated to grow at a considerable CAGR of 5.8% during the forecast period. Waterjet propulsion is a type of marine propulsion system that uses a high-pressure jet of water to move a vessel forward or backward. Waterjet propulsion systems are becoming increasingly popular in the marine industry due to their efficiency and versatility. One of the main advantages of waterjet propulsion systems is their ability to operate in shallow waters, making them ideal for use in recreational boats, military vessels, and search and rescue boats. Waterjet propulsion systems also offer better maneuverability compared to traditional propeller systems, allowing boats to make sharper turns and navigate through congested waters. Owing to such factors, the waterjet propulsions’ demand is growing across the globe.
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The global water-jet propulsion device market is segmented by type and application. Based on type, the market is sub-segmented into axial flow waterjet, mixed flow waterjet, and centrifugal flow waterjet. Based on application, the market is sub-segmented into monohull and multihull. Among types, axial flow waterjets are the most common type of waterjet propulsion system used in marine applications. Axial flow waterjets are popular because they are efficient at converting the power from the engine into thrust, they have a relatively simple design, and they are able to generate high levels of thrust at high speeds.
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- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global Water-Jet Propulsion Device Market Report Segment
By Type
- Axial Flow Waterjet
- Mixed Flow Waterjet
- Centrifugal Flow Waterjet
By Application
- Monohull
- Multihull
Global Water-Jet Propulsion Device Market Report Segment by Region
North America
- US
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East and Africa
The Report Covers-
- Market value data analysis for 2023 and forecast to 2029.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global water-jet propulsion device market. Based on the availability of data, information related to new product launches and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market entry and market expansion strategies.
- Competitive strategies by identifying ‘who stands where’ in the market.
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