Degaussing System Market Key Players Forecast to 2028
The global degaussing system market size was valued at USD 783.5 billion in 2021 and is poised to grow at a significant CAGR of 3.5% during the forecast period 2022-28. A gigantic floating magnet surrounded by a large magnetic field is referred to as a steel-hulled ship. The magnetic field around the ship moves as it goes through the sea, adding or subtracting from the Earth's magnetic field. The spacecraft might become a trigger device for magnetic sensitive weapons as a result of this distortion effect on the Earth's magnetic field. A degaussing ship installation includes a degaussing coil, a degaussing control unit (DCU) for managing and monitoring the coil current, as well as compass compensating components to prevent the magnetic field of the degaussing coil from disrupting magnetic compasses.
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The growing use of degaussing systems in naval warfare, owing to logistical and technical benefits also including magnetic signature management, magnetic ranging, integration assistance, system calibration, integrated logistics and demagnetization treatment, is expected to propel the global degaussing system market forward over the forecast period. The global degaussing system market is predicted to grow as more degaussing systems are installed in present and future warships to minimise or remove the magnetic field of vessels. Furthermore, over the projected period, technological advancements in degaussing equipment are expected to fuel the worldwide degaussing system market. Additionally, rising military operations and financial investments in defence to improve naval fleets are expected to boost the worldwide degaussing system market throughout the forecast period.
The global Degaussing System Market segmentation:
- By Type: External Degaussing System and Shipborne Degaussing System
- By Application: OEMs, Aftermarket and Services
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There are several industry players working in the Degaussing System Market, which include Larsen and Turbo, Polyamp, Wartsila, Ultra Electronics, ECA Group, IFEN, Dayatech Merin, American Superconductor
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