Marine Propeller Market Size, Share, Growth, Trends and Forecast 2015 - 2022

REPORT DESCRIPTION
propeller contains rotating blades and produce thrust through these rotating blades. A marine propeller is made up of sections of
helicoidal surfaces which act together 'screwing' through the water. The number of blades in propeller decides the speed of ship. The
more the blades present in the propeller the more is the speed. However, the decisions concerning number of blades in the propeller
are influenced to a great extent by the need to minimize the vibration caused in the propeller. The demand for marine propeller
market has been growing substantially and is expected to witness a double-digit CAGR during the forecast period 2015 – 2022.
Browse Full Report With TOC:- http://www.transparencymarketresearch.com/marine-propeller-market.html
Global marine propeller market can be segmented on the basis of type, application, material used, and geography. On the basis of
type, the marine propeller market can be categorized as controllable pitch propeller and fixed pitch propeller. A controllable pitch
propeller works efficiently for full range of rotational speed and fan rotation. Controllable pitch propeller requires less maintenance
while the fixed pitch propeller requires more maintenance. In addition, the marine propeller market can be segmented based on the
type of materials used the marine propeller market can be categorized into aluminum marine propeller, bronze marine propeller and
stainless steel marine propeller. Furthermore, on the basis of applications, the marine propeller market can be categorized into
defense and merchant ships, and boats including tug boats, recreational boats, and submarines. Furthermore, on the basis of
geography the marine propeller market is segmented into five major regions, namely North America, Europe, Asia Pacific, Latin
America, and Middle East & Africa.
Over the years, the marine propulsion systems have undergone major technological advancements to deliver more efficient output by
reducing the consumption of diesel and other non-renewable energy sources. Technologically advanced hybrid marine propulsion
systems are increasingly used to save fuel consumption. These include solar panels, Lithium batteries and wind power propulsion
systems. Investments in R&D have been made so that fuel efficient propulsion systems and propellers can be installed in a mass
scale in the near future. Delivering compatible propellers to suit hybrid technology is expected to be a key opportunity area during the
forecast period in the global marine propeller market. Asia Pacific is one of the leading regions in the global marine propeller systems
market. Large scale production and considerable demand from countries such as China is stimulating the growth of the marine
propeller market in the APAC region. Furthermore, the R&D programs and initiatives for advancements of technology are adding to
the growth of the marine propeller market across the globe. Trade liberalization, especially in Asia Pacific countries has propelled the