The global water-jet propulsion device market is anticipated to grow at a considerable CAGR of 5.8% during the forecast period (2023–2029). The key market drivers are the advantages of water-jet propulsion. These systems allow vessels to achieve high speeds and improved maneuverability compared to traditional propeller systems. This makes waterjet propulsion ideal for applications such as high-speed ferries, military and defense vessels, and offshore operations. Waterjet propulsion systems also have fewer moving parts compared to traditional propellers, which reduces the risk of mechanical failure and the need for maintenance. This can result in lower maintenance costs and increased vessel uptime. Additionally, these systems can be used in a wide range of vessel types and applications, including commercial vessels, military and defense, recreational boating, and offshore operations.
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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 – 2025-2031
- Base year- 2025
- Forecast period- 2025-2031
- 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
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