Press release
Water-Jet Propulsion Device Market Will Generate Record Revenue by 2029
The global water-jet propulsion device market is anticipated to grow at a considerable CAGR of 5.8% during the forecast period. 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.Companies are also launching new and innovative boats and yachts that have waterjet propulsion. For instance, in July 2022, Hinckley, a luxury yacht and boat manufacturer, announced the launch of its new Picnic 40 S boat. The boat is available with a silent waterjet system, and its cruising speed is seven knots. It also has an 80 kwh battery, which can be charged manually or while running on fuel. Additionally, in July 2021, Kongsberg Maritime of Norway introduced two water jet control systems, the JCS Compact and JCS Extended. The two systems, which are based on the new JCS (jet control system) technology initiative, employ standard components for cheaper costs and easier operations. According to Kongsberg, the Compact can be employed with either one or two control stations and a single waterjet propulsion unit, or in a dual-waterjet configuration for full redundancy and operational safety in the case of unexpected complications.
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Market Coverage
The Market Number Available for - 2023-2029
Base year- 2022
Forecast period- 2023-2029
Segment Covered-
By Type
By Application
Regions Covered-
North America
Europe
Asia-Pacific
Rest of the World
Competitive Landscape- Blue Arrow, Castoldi, Doen Waterjets, Hamilton Jet, Holland Marine Parts, and others.
Water-Jet Propulsion Device Market Report Segment
By Type
Axial Flow Waterjet
Mixed Flow Waterjet
Centrifugal Flow Waterjet
By Application
Monohull
Multihull
A full Report of Water-Jet Propulsion Device Marketis Available @ https://www.omrglobal.com/industry-reports/water-jet-propulsion-device-market
Water-Jet Propulsion Device Market Report Segment by Region
North America
United States
Canada
Europe
UK
Germany
Spain
France
Italy
Rest of Europe
Asia-Pacific
India
China
Japan
South Korea
Rest of APAC
Rest of the World
Latin America
Middle East and Africa
Company Profiles
Alamarin-Jet Oy
Azimuth Marine BV
Blue Arrow (HamiltonJet)
Castoldi S.r.L.
Doen WaterJets
Holland Marine Parts B.V.
Kongsberg Gruppen ASA
NAMJet, LLC
Marine Jet Power (MJP) AB
Oceo Marine
Scott WaterJet
Textron Motors GmbH
Thrustmaster of Texas
VEEM, Ltd.
Wärtsilä Corp.
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Over 100+ paid data sources mined for investigation.
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Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 7803040404
About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.
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