According to Stratistics MRC, the Global Degaussing System Market is accounted for $1,184.79 million in 2020 and is expected to reach $1,877.00 million by 2028 growing at a CAGR of 5.9% during the forecast period. Growing demand for naval warfare and technological advancements in degaussing equipment are driving the market growth. However, unavailability of skilled professionals is hampering the growth of the market.
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By geography, North America is going to have high growth during the forecast period due to the rise in defense budgets and the need to safeguard vessels from the enemy are the drivers for the degaussing system market in the region.
Some of the key players profiled in the Degaussing System Market include L3 Technologies, Inc, American Superconductor, Ultra Electronic, Surma LTD, Polyamp, Dayatech Meri, Larsen & Turbo Limited, STL Systems AG, Ifen S.P.A., ECA Group, Dayatech Merin Sdn. BHD and Wartsila Corporation.
Powers Covered:
• Static Power
• Rotating Power
Types Covered:
• Shipborne Degaussing System
• External Degaussing System
Vessel Types Covered:
• Small Vessels (< 100 M)
• Medium Vessels (100-200 M)
• Large Vessels (>200 M)
Solutions Covered:
• Deperming
• Ranging
• Degaussing
End Users Covered:
• Aftermarket
• Services
• Original Equipment Manufacturer (OEM)
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
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