Los Angeles, CA -- (SBWIRE) -- 01/17/2019 -- Electric Propulsion (EP) is a class of space propulsion which makes use of electrical power to accelerate a propellant by different possible electrical and/or magnetic means. The use of electrical power enhances the propulsive performances of the EP thrusters compared with conventional chemical thrusters. Unlike chemical systems, electric propulsion requires very little mass to accelerate a spacecraft.
Worldwide, there are a little Electric Propulsion Satellite manufacturers; and there is growing number of enterprises are entering the market attracted by the market potential. ArianeGroup, Busek Co and SITAEL are the top there manufacturers of Electric Propulsion Satellite in the market currently; they account more than half of the market total production volume of Electric Propulsion Satellite.
North America and Europe are the largest markets of Electric Propulsion Satellite currently; but the market of Electric Propulsion Satellite in China is forecasted to experience a higher growth speed in the following years due to the growing downstream demand.
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The Electric Propulsion Satellites market was valued at 35 Million US$ in 2018 and is projected to reach 210 Million US$ by 2025, at a CAGR of 28.9% during the forecast period. In this study, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Electric Propulsion Satellites.
This study focuses on the production side and consumption side of Electric Propulsion Satellites, presents the global Electric Propulsion Satellites market size by manufacturers, regions, type and application, history breakdown data from 2014 to 2019, and forecast to 2025.
In terms of production side, this report researches the Electric Propulsion Satellites capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and product type.
In terms of consumption side, this report focuses on the consumption of Electric Propulsion Satellites by regions and application. The key regions like North America, Europe, Asia-Pacific, Central & South America, Middle East and Africa etc.
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This report includes the following manufacturers; we can also add the other companies as you want.
ArianeGroup
Busek Co. Inc.
SITAEL
Accion Systems Inc.
HELMET
Market Segment by Product Type
Hall Effect Thruster (HET)
Pulsed Plasma Thruster (PPT)
Others
Market Segment by Application
Nano Satellite
Microsatellite
Others
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