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Report Overview

The global azimuth thrusters market is expected to grow at a CAGR of 1.5% during the period 2025-2034. 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.

2024

Base Year

2018-2024

Historical Year

2025-2034

Forecast Year

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

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 2023
Historical Period 2018-2024
Forecast Period 2025-2034
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 Analysis
  • Porter's Five Forces Analysis
  • 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
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*

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Key Questions Answered in the Report

The global azimuth thrusters market is projected to grow at a CAGR of 1.5% between 2025 and 2034.

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.

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