Market Expansion Strategies for Propulsion System Manufacturers
November 21, 2023 ⚊ 1 Min read ⚊ Views 45 ⚊ BUSINESS
The Global Propulsion System Market was valued around US $ 10.21 BN in 2022 and is expected to reach US $19.76 BN by 2030 with a CAGR of 12.45% during the forecast period.The maritime industry, too, is experiencing a transformation in propulsion systems. Companies are actively engaged in the development of solutions that prioritize fuel efficiency, reliability, and reduced environmental impact. This proactive approach is in response to stringent regulations governing emissions, compelling maritime companies to adopt eco-friendly propulsion technologies.
Tags: Propulsion System Market Aerospace Propulsion Elec
