Dublin, Oct. 20, 2023 (GLOBE NEWSWIRE) -- The "Degaussing Systems - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
Global Degaussing Systems Market to Reach $808.7 Million by 2030
The global market for Degaussing Systems estimated at US$600.5 Million in the year 2022, is projected to reach a revised size of US$808.7 Million by 2030, growing at a CAGR of 3.8% over the analysis period 2022-2030
Degaussing, one of the segments analyzed in the report, is projected to record 3.9% CAGR and reach US$357.5 Million by the end of the analysis period. Growth in the Deperming segment is estimated at 3.2% CAGR for the next 8-year period.
The U.S. Market is Estimated at $116.7 Million, While China is Forecast to Grow at 5.1% CAGR
The Degaussing Systems market in the U.S. is estimated at US$116.7 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$210.1 Million by the year 2030 trailing a CAGR of 5.1% over the analysis period 2022 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.3% and 3.1% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 2.6% CAGR.
Furthermore, it includes an analysis of market presence across multiple geographies and a detailed examination of 12 key competitors in the field. This meticulously compiled resource provides an indispensable asset when considering market opportunities or strategies for the future.
What`s New?
- Special discussions on the global economic climate and market sentiment
- Coverage on global competitiveness and key competitor percentage market shares
- Market presence analysis across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and trademarked research platform
- Complimentary updates for one year
- Access to curated YouTube video transcripts of market sentiments shared by CEOs, domain experts and market influencers via interviews, podcasts, press statements and event keynotes
MARKET OVERVIEW
- From Pandemic to War & Inflation: "Gloomy Outlook for 2023 Despite Signs of Easing Inflationary Conditions"
- Here's How Inflationary Pressures Affect the Economy
- Russia-Ukraine War, the Primary Culprit Responsible for the Hardships
- Although Past Peak in 2023, Efforts to Solve the Inflation Puzzle Should Continue
- Here's What's Causing Inflationary Pressures in the Global Market
- Shaken by the War, Global Oil Prices Spiral and Feed Inflationary Pressures, Guiding the World Towards a Cost of Living Crisis: Global Average Annual Brent Crude Oil Price (In US$ Per Barrel) for Years 2017 through 2024
- Slower Than Anticipated Decline Makes Inflation a Stickier Than Expected Problem to Solve in 2023: Global Inflation Rates (In %) for the Years 2019 Through 2024
- Global Economy Faces a Tough Climb Towards Recovery Made Rockier by the War, Anti-Inflation Fiscal Policies & Slower Than Desirable Easing of Inflationary Pressures: World Economic Growth Projections (Real GDP, Annual % Change) for the Years 2020 Through 2024
- Recession Triggered by Uncontrolled Inflation or Unemployment, Which is the Greater Evil? Inflation Battling Policy Measures to Slowdown Post Pandemic Recovery in Unemployment Rates: Global Number of Unemployed People (In Million) for Years 2019 Through 2024
- Global Marine Degaussing Systems Market under the COVID-19 Lens
- Competitive Scenario
- Degaussing Systems - Global Key Competitors Percentage Market Share in 2023 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2023 (E)
- Degaussing: Solving the Magnetic Effect Conundrum Faced by Ships
- Degaussing Systems: The Journey since World War II
- Global Degaussing Systems Market Exhibits Staying & Growing Power: Prospects & Outlook
- COVID-19 Storm Breaks Demand Patterns & Supply Chain Links for Degaussing System Market
- Post Pandemic Rebounding of the Shipbuilding Industry Offers Strong Hope
- Analysis by Solution
- World Degaussing Systems Market by Solution (2023 & 2030): Percentage Breakdown of Value Sales for Degaussing, Deperming, and Ranging
- Analysis by Vessel Type
- World Degaussing Systems Market by Vessel Type (2023 & 2030): Percentage Breakdown of Value Sales for Large, Medium, and Small
- Regional Analysis
- World Degaussing Systems Market by Region: Percentage Breakdown of Sales for Developed and Developing Regions (2023 & 2030)
- World Degaussing Systems Market - Geographic Regions Ranked by CAGR (Value) for 2022-2030: China, Asia-Pacific, Latin America, Middle East, Africa, Canada, USA, Europe, and Japan
- Degaussing Systems: An Introduction
- Determining the Natural Magnetism of Ships
- Understanding the Magnetic Field of the Ship
- Degaussing Insights
- Recent Market Activity
- Select Global Brands
MARKET TRENDS & DRIVERS
- Healthy Outlook for Shipyard & Shipbuilding to Witness Degaussing Systems Growth
- More Ships Being Built Means Greater Need for Degaussing Systems: Global Shipbuilding Industry (In US$ Billion) for Years 2023, 2025, 2027, 2029 and 2031
- New Orders for Cargo Vessels Market Worldwide: New Order Book by Vessel Type for 2021E
- OEM Segment Clinches Major Revenue Share
- Severe Impact of Pandemic on Supply Chain Networks Derails Market Momentum Temporarily
- Global Losses in Supply Chain as a % of Earnings Before Interest, Taxes, Depreciation & Amortization (EBITDA) in the Year 2020
- Trends on Immediate Radar of Global Degaussing System Market
- Strong Focus on Dealing with Marine Threats
- Increasing Threat of Naval Warfare
- Soaring Demand for Frigates
- Naval Ships: Geopolitical Conflicts & Quest for Military Supremacy Widen the Business Case
- Healthy Defense Spending to Amplify the Need for Naval Ship Gensets: Projected Defense Budget (In US$ Billion) for the Years 2019, 2021 and 2023
- Global Military Expenditure by Key Regions in US$ Million (2011-2019)
- Military Expenditure as a % of GDP in Select Countries
- Degaussing Systems Gaining Importance in Naval Warfare
- China Expands Presence in Strategically Important South China Sea Region
- Increasing Security Concerns Propelling the US Government to Upgrade its Defense Infrastructure
- The Black Sea Naval Power Shift Over The Years
- Naval Defense Market Sails Ahoy with Salient Drivers
- Rising Spending on Naval Defense
- Increasing Number of Maritime Exercises
- Pandemic Affects the Military & Defense Sector
- Global Defense & Related Technologies Market Reset & Trajectory - Growth Outlook (In %) For Years 2019 Through 2025
- Use of Composite Material for Warship Building to Restrain Growth
- Installation of Superconductors on Navy Vessels
- Underwater Magnetic Sensing under Spotlight with Efforts to Beef Up Coastal Combat Capabilities
- Steady Growth in Seaborne Trade Volumes Drives Demand for Degaussing Systems
- World Seaborne Trade: Total Volume of Goods Loaded in Billion Tons for the Years 2010 through 2020
- Seaborne Trade Outlook: Projected Seaborne Trade Volume in Billion Tons for the Years 2025, 2030 and 2035
- Seaborne Trade of Developing Economies: Percentage of World Tonnage by Goods Loaded and Goods Unloaded for the Years 2010, 2012, 2014, 2016 and 2018
- Rising Commercial Maritime Activity: Opportunity Indicator for Degaussing Systems for Merchant Ships
- World Seaborne Trade (in Billions of Cargo Ton Miles) for the Years 2015, 2017 and 2019
- Increasing Maritime Security Concerns Fuel Demand for Degaussing Devices
- Rise in Number of Container Ships and Gas Carrier Marine Freight Worldwide: An Opportunity for the Market
- Percentage Share Breakdown of World Fleet in Dead-Weight Tonnage by Principal Vessel Type: 2018 & 2022E
- Number of Vessels (National Flag & Foreign or International Flag) by Select Countries: 2018
- Global Merchant Fleet by Flag of Registration for the Years 2012, 2015, 2018 and 2021E
- Expanding Fleet of High-Value Pleasure Vessels Presents Favorable Outlook for Marine Degaussing Systems Market
- Global Luxury Yacht Market (In US$ Billion) for the Years 2018, 2021 and 2024
- Total Number of Cruise Ships in Service for the Years 2019, 2020, 2023 & 2026
- How Tourism & Leisure Industry Is Impacted by the Pandemic & What's the New Normal?
- Global Tourism Market Reset & Trajectory - Growth Outlook (In %) For Years 2019 Through 2025
- Technology Advancements: Key to Growth of Degaussing Systems Market
- New Superconductor Degaussing System to Mask Magnetic Signatures of Navy Vessels
- Use of Advanced Maritime Defense Technology Witnesses Robust Increase
- High Installation Costs & Use of Composite & Alloys: Major Restraints
- Use of Composites in Marine Vessel Construction to Act as Restraint to Market Growth
- Composites Emerge as Competing Material; Pose Threat to Traditional Degaussing Systems
FOCUS ON SELECT PLAYERS (Total 46 Featured)
- American Superconductor Corporation
- DA-Group
- Dayatech Merin Sdn Bhd
- ECA Group
- IFEN S.p.a.
- L3Harris Technologies Inc.
- Larsen & Toubro Limited
- Polyamp AB
- Ultra Electronics Holdings PLC
- Wartsila Corporation
For more information about this report visit https://www.researchandmarkets.com/r/1fwsd4
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
