What's in for Naval Build up? Global Market Research Report 2018-2028
Synopsis
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 analyse factors that influence demand for Naval Vessel engine, key market trends, and challenges faced by industry participants.
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 analyse factors that influence demand for Naval Vessel engine, key market trends, and challenges faced by industry participants.
Summary
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.
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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.
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Scope Of the Report
- 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%
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