Large Passenger Cruises captivate Global Electric Propulsion System Market

Posted on 2019-10-04 by Mark Hub in Automotive // 0 Comments

Albany, USA, 2019-Oct-04 — /EPR Network/ —

Electric propulsion system operates on high exhaust velocities to achieve thrust in order to reduce the quantity of propellant required in space missions. Reduced propellant mass further reduces launch mass of space satellite or space craft and delivers desired mass into a deep space target.Electric propulsion precedes propulsion technologies that use electricity to increase propellant exhaust velocity in terms of thrust, total efficiency and specific impulse. Ion thrusters require low fuel to generate very high specific impulse that works in favor of deep space missions and gives a tough competition to chemical propulsion systems. Efficiency provided by electric propulsion technology with help of less fuel has made it popular in geostationary satellites orbit stations and multi-goal missions that aim to achieve altitude and orbit control and the growing demand contributes in growth of global electric propulsion system market.An intelligence report titled, “Global Electric Propulsion System Market 2019-2023, Trends and Forecast Report” is the source of all the stated insights. This report is the latest addition to Market Research Hub’s ever growing repository

Solar cells as power source

Electrostatic propulsion, Electro thermal propulsion and Electromagnetic propulsion are the major segments of Electric propulsion system. Propellant gas is ionized by various means such as electron synchrotron, DC discharge and radio frequency followed by induction of acceleration using electric fields in electrostatic propulsion. Electro thermal propulsion combines chemical and electric propulsion systems and generates plasma to increase the temperature of bulk propellants. Electromagnetic propulsion system combines magnetic and electric fields to accelerate ionized propellant gas.

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The power processing unit, power source, propellant management system, control computer and ion thruster units empower ion propulsion system. Power sources that include solar cells and nuclear heat source generate electric power that is provided to each ion thruster component by power processing unit. Propellant management system is responsible to channel the propellant flow from propellant tank.

Electric propulsion system is also used in ships owing to its positive attributes such as simplification of propulsion system, less maintenance, repair and life cycle costs, reduced onboard noise and improved fuel efficiency. Ships such as oceanographic research vehicles, icebreakers and large passenger cruises are the main beneficiary of electric propulsion system as they emphasize silent and cost effective operation.

Global electric propulsion system market: Report Synopsis

Quantitative and qualitative assessment exhort intelligence and overarching report on the Global electric propulsion system market. Further, the report thoroughly delineates various aspects of the market that will potentially have considerable influence on the development of the Global electric propulsion system market. As such, those aspects incorporate drivers, trends, restraints, and opportunities. Furthermore, the report elucidates segregation of the market that provides an exhaustive analysis on electric propulsion system.

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An insightful and deep-dive assessment of the competitive assessment of the Global electric propulsion system market pins hope on Porters’ Five Force Analysis. Accordingly, the Porters’ Five Force Analysis offers a pressing analysis on the potential strategies of the preeminent players in the Global electric propulsion system market. In addition, the business strategies counts on company overview, product portfolio, SWOT analysis, key differentiation and recent development.

Global electric propulsion system market: Research Methodology

Primary sources and secondary sources propel intelligence report on Global electric propulsion system market that provide deep dive analysis on the market. As such, the report provides reliable and unbiased projections, and assessments which have palpable impact on the market size and historical data. Besides, the report also counts on primary sources which hinges upon in-depth and intelligent analysis from well-grounded and reliable experts, telephonic interview, and a thorough assessment from surveys and seasoned analyst.

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