The expenditure on naval vessel engines is anticipated to be driven by the increase in defense spending which reflects improved economic conditions around the world specifically in the European and Asia Pacific Regions. The US will accelerate its defense spending under the Trump administration and is anticipated to maintain its leading position, exhibiting a steady pace of growth over the forecast period.
The Global Naval Vessel Engines Market 2018-2028 report offers a detailed analysis of the industry, with market size forecasts covering the next ten years. This report will also analyze factors that influence demand for Naval Vessel engine, key market trends, and challenges faced by industry participants.
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– The Global Naval Vessel Engines industry is anticipated to value US$1.4 billion by the end of 2018, registering a compound annual growth rate (CAGR) of 3.82% to value US$2 billion by 2028.
– The cumulative expenditure on naval vessel engines over the forecast period is estimated to value around US$16.6 billion. In terms of segments, Nuclear Reactors and Gas Turbines segments are anticipated to account for 52.4% and 36.5% of the naval vessel engine market respectively, followed by Diesel Engines segment, with a cumulative share of 11.1%. The Naval Vessel Engines market is anticipated to be led by North America with an estimated share of 63.7% over the forecast period followed by Asia-Pacific and Europe with shares of 17.3% and 15.8% respectively.
– The Middle Eastern market for naval vessel engines is anticipated to account for a share of 1.3% followed by the Latin American and African markets with a cumulative share of 1.9%
Reasons to buy
– Determine prospective investment areas based on a detailed trend analysis of the global Naval Vessel engine market over the next ten years
– Gain in-depth understanding about the underlying factors driving demand for different Naval Vessel engine segments in the top spending countries across the world and identify the opportunities offered by each of them
– Strengthen your understanding of the market in terms of demand drivers, industry trends, and the latest technological developments, among others
– Identify the major channels that are driving the global Naval Vessel engine market, providing a clear picture about future opportunities that can be tapped, resulting in revenue expansion
– Channelize resources by focusing on the ongoing programs that are being undertaken by the defense ministries of different countries within the global Naval Vessel engine market
– Make correct business decisions based on thorough analysis of the total competitive landscape of the sector with detailed profiles of the top Naval Vessel engine solution providers around the world which include information about their products, alliances, recent contract wins and financial analysis wherever available.
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