Waterjet Propulsion Devices Market Size And Forecast
The waterjet propulsion devices market has made significant strides in recent years. Currently standing at USD 1,570.01 million as of 2024, it is poised for substantial growth, with an anticipated value of USD 12,265.08 million by the end of 2032. This remarkable expansion is expected to occur at a Compound Annual Growth Rate (CAGR) of 5.38% from 2026 to 2032.
The growing need for advanced marine vessels is being met with significant innovation, driven by improved waterjet propulsion systems and cutting-edge pump technology. As a result, the Global Waterjet Propulsion Devices Market is witnessing substantial growth.

This comprehensive report delivers a thorough examination of the market, encompassing critical segments, current trends, key drivers, formidable restraints, a competitive landscape, and pivotal factors shaping the industry's trajectory.
Global Waterjet Propulsion Devices Market Analysis
Waterjet propulsion is an innovative and efficient marine propulsion system that harnesses water to generate thrust and propel a vessel forward. By drawing water from beneath the hull through an intake, typically located at the bottom, this system creates a powerful force. The water is then accelerated by a high-powered impeller, acting as a rapid pump, before being expelled rapidly out of a nozzle positioned at the stern, resulting in significant propulsion. Unlike traditional propellers that rely on rotating blades, waterjets achieve movement by forcefully expelling water, making them particularly suitable for specific operating conditions.

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The art of navigating a waterjet-powered vessel requires finesse and precision, as the direction of the exiting water is precisely controlled to steer the vessel through the water. At its core, this system consists of two crucial components: the steering nozzle and the reversing bucket. The steering nozzle cleverly adjusts the water flow to either side, allowing for effortless turns to port (left) or starboard (right). Meanwhile, the reversing bucket masterfully redirects the water flow, empowering rapid transitions between forward and reverse motion, as well as swift halts. This remarkable level of control enables waterjet-powered vessels to exhibit exceptional maneuverability, including the ability to rotate in place, execute sharp turns with precision, and come to a sudden stop - making them perfectly suited for demanding navigation scenarios where every moment counts.
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Global Waterjet Propulsion Devices Market Overview
As global environmental regulations continue to tighten, the maritime industry is adopting hybrid and electric waterjet propulsion systems at a rapid pace. These innovative solutions combine conventional fuel-based engines with electric power, offering a balanced approach that enhances both performance and sustainability. Industry pioneers such as Marine Jet Power and Wärtsilä are leading this transformation, developing cutting-edge technologies that meet regulatory standards while catering to the evolving needs of operators. By integrating electric power in environmentally sensitive zones and leveraging fuel-based propulsion for extended voyages, vessels can achieve optimized efficiency and reduced emissions. This approach not only aligns with international emission standards but also helps operators cut long-term operational costs.
The Waterjet Propulsion Devices Market is poised for significant growth as advanced digital control systems are being integrated to enhance operational precision and efficiency. Modern waterjet systems now boast features like joystick-controlled navigation and autopilot functions, making vessel operation significantly easier and enabling precise maneuvering. This technology enables dynamic positioning, automated docking, and agile handling - essential capabilities for high-speed vessels that require rapid directional changes.

Companies such as Kongsberg, with its Kamewa waterjet solutions, and Wärtsilä, with its SmartDock system, are spearheading this innovation. These automation advancements not only boost vessel performance but also reduce the need for skilled operators by providing intuitive and responsive controls - a valuable asset in complex or high-risk navigation scenarios.

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As the maritime industry continues to evolve towards a greener future, innovative propulsion technologies are gaining prominence. Hybrid and electric waterjet systems are now playing a pivotal role in this transformation. The synergy of diesel and electric propulsion enables vessels to achieve substantial fuel savings, lower emissions, and enhanced operational adaptability, thereby supporting global sustainability objectives.

The integration of advanced pump technologies, such as Wärtsilä's WXJ series axial-flow pumps, has significantly elevated the efficiency and performance capabilities of waterjet propulsion systems. This technological leap is poised to make waterjets a more attractive option for various marine applications that demand high-speed maneuverability and reduced environmental impact.
The shift towards more environmentally friendly propulsion solutions in the maritime industry is gaining momentum, driven by the need to reduce carbon emissions and fuel consumption. As countries aim to cut global shipping emissions by 50% by 2050, according to the International Maritime Organization's (IMO) mandate, the demand for hybrid and electric waterjet systems is on the rise. These eco-friendly alternatives enable vessels to operate at lower speeds in ports and protected areas while allowing them to switch to diesel propulsion for long-distance travel. Furthermore, the increasing need for high-speed vessels in commercial, defense, and luxury yacht markets is accelerating the adoption of waterjet propulsion. Waterjet systems offer superior maneuverability, speed, and safety, making them a preferred choice for applications requiring high precision, such as patrol boats, high-speed ferries, and military vessels.
The Waterjet Propulsion Devices Market faces a significant hurdle in its growth due to the substantial initial investment required to bring these systems online. The intricate engineering, advanced control systems, and high-powered turbines that waterjet propulsion units necessitate contribute to their elevated price point. Moreover, customization for specialized vessels such as military ships and luxury yachts heightens costs even further.

As a result, this financial barrier tends to restrict adoption among smaller commercial ferry services and less-funded naval projects. While waterjet systems excel in high-speed and shallow-water operations due to their efficiency, they are not ideal for deep-sea, long-haul vessels where sustained power over extended distances at lower speeds is required.

This disparity makes traditional propulsion methods more suitable for container ships, bulk carriers, and oil tankers that demand continuous power during prolonged journeys.
The push for sustainable maritime operations is driving innovation in hybrid and electric waterjet propulsion systems. Governments and private investors are pouring resources into research and development, sparking a surge in demand for eco-friendly technologies that minimize environmental impact. As offshore wind farms and eco-tourism continue to expand, vessels catering to these sectors must meet stringent emissions standards, creating an ideal market for companies like Marine Jet Power (MJP) developing advanced waterjet systems with improved maneuverability and fuel efficiency. Compact and lightweight pump designs are also gaining traction, enhancing vessel performance and optimizing space, expanding the range of potential applications in this rapidly evolving sector.
Waterjet propulsion has the potential to revolutionize the maritime industry, yet several challenges stand in its way. High initial investment costs pose a significant hurdle for budget-conscious operators, limiting widespread adoption. Although waterjets excel in high-speed applications, their efficiency in larger, deeper vessels is a notable limitation. The technology's reliance on high-pressure water expulsion makes it well-suited for smaller, faster craft but less practical for long-endurance operations. Overcoming these challenges will necessitate further innovation and potentially hybridizing with other propulsion methods to broaden the scope of waterjet adoption across multiple maritime applications.
Global Waterjet Propulsion Devices Market Segmentation Analysis
The global waterjet propulsion devices market can be divided into distinct segments to cater to various demands of customers. The product segment encompasses a range of devices used in waterjet propulsion systems, including pumps, nozzles, and control systems.

The capacity segment is segmented based on the volume of water that the device can process, ranging from 100 to over 10,000 liters per hour. This segmentation helps businesses select devices that meet their specific needs and production capacities.

The application segment includes various sectors such as construction, mining, oil & gas, and marine industries. Each sector has unique requirements for waterjet propulsion systems, making it essential to understand these differences when selecting a device.

The end-use segment is segmented based on the intended application of the device, including residential, commercial, industrial, and military. Understanding the intended use case helps businesses choose devices that meet specific needs.

Geographically, the market can be divided into key regions such as North America, Europe, Asia-Pacific, South America, Africa, and Middle East. The regional segmentation allows businesses to tailor their product offerings to local demand and preferences.
Waterjet Propulsion Devices Market, By Product
The global waterjet propulsion devices market has been segmented into axial flow waterjet, mixed flow waterjet, and centrifugal flow waterjet. The majority share of 46.35% is held by axial flow waterjet as of 2024, with a significant value of USD 727.7 Million. Moreover, this segment is anticipated to experience a compound annual growth rate (CAGR) of 5.21% during the forecast period, while mixed flow waterjet holds the second-largest market share in 2024.
Axial flow waterjets currently spearhead the global Waterjet Propulsion Devices Market, fueled by their exceptional efficiency at medium to high speeds. By directing water parallel to the axis of the impeller, these waterjets capitalize on maximum thrust with negligible energy loss. This makes them particularly well-suited for high-speed military vessels, ferries, and luxury yachts, where speed, efficiency, and agility are paramount.
Waterjet Propulsion Devices Market, By Capacity
The global waterjet propulsion devices market has been segmented into less than 600 kW, 600 kW - 1000 kW, 1000 kW - 2000 kW, 2000 kW - 4000 kW, and above 4000 kW capacities.

Notably, the 1000 kW - 2000 kW segment dominated the market with a significant share of 27.65% in 2024, valued at USD 434.1 Million. Notably, this segment is also expected to exhibit the highest growth rate of 6.56% during the forecast period due to its substantial market value and widespread adoption. In contrast, the 2000 kW - 4000 kW segment held the second-largest market share in 2024, underscoring its considerable presence in the global waterjet propulsion devices market.
In the 600 kW segment, we cater to a diverse range of users who require a balance between power and efficiency. This niche is predominantly driven by the growing demand for recreational boating and water tourism, particularly in established markets such as North America and Europe. Our waterjet propulsion systems excel in this space due to their compact footprint, affordability, and agile performance, making them an ideal fit for personal watercraft and smaller vessels used for leisure activities.

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Waterjet Propulsion Devices Market, By Application
The global waterjet propulsion devices market has been segmented into monohull, multihull, and others, with monohull being the most prominent segment. In 2024, monohull dominated the market, accounting for a significant share of 58.47% and a substantial revenue value of USD 918.0 Million. With a forecasted Compound Annual Growth Rate (CAGR) of 4.86%, the monohull segment is poised for significant growth during the predicted period.
Monohull vessels have secured a significant share of the waterjet propulsion device market due to their adaptability across diverse maritime sectors, encompassing ferries, patrol boats, high-speed crafts, and recreational boats. Their single-hull design confers greater stability at high speeds and superior handling in rough waters, making them an attractive choice for various applications.

In monohull vessels, waterjet propulsion systems are particularly popular due to their ability to achieve high speeds while enhancing maneuverability, which is essential for navigating tight spaces - a critical requirement for coast guard patrol boats and commercial ferries. With this setup, these vessels can efficiently operate in congested areas, ensuring safe navigation and timely delivery of cargo or passengers.
Waterjet Propulsion Devices Market, By End-Use
The global waterjet propulsion devices market has been segmented into two primary end-use segments: commercial boats and military boats. Commercial boats have dominated the market, accounting for the largest share of 64.92% as of 2024, with a market value of USD 1,019.2 Million. This segment is expected to continue its growth trajectory, projected at a CAGR of 5.11% during the forecast period. Military boats, while smaller in scale, still hold significant importance and accounted for the second-largest share in 2024.
The adoption of waterjet propulsion systems in the commercial boat market has witnessed significant growth over the past few years, driven primarily by increasing demand from diverse industries, including ferry services, offshore support vessels, and fishing boats. One key reason behind this surge in popularity is the inherent advantages offered by waterjets - namely, high speeds, exceptional maneuverability, and reduced draft. These characteristics make them particularly suitable for vessels that operate in shallow waters.

Ferries and workboats such as crew transfer vessels (CTVs) are among the primary beneficiaries of waterjet propulsion systems. CTVs, which play a vital role in offshore wind farms, heavily rely on waterjets to transport personnel and equipment with speed and agility. The expansion of offshore wind farms in regions like Europe and Asia-Pacific has been instrumental in driving growth in the commercial boat segment.

The figures suggest that this growth trend is likely to continue, as waterjet propulsion systems become an increasingly popular choice among industry professionals.
Waterjet Propulsion Devices Market, By Geography
The global waterjet propulsion devices market is segmented regionally, with North America emerging as the leading contributor, accounting for approximately 34.83% market share in 2024. The regional hub boasts a substantial market value of USD 546.8 Million, poised to expand at a CAGR of 5.05% during the forecast period, driven by growing demand from industries such as aerospace and renewable energy.
The North American waterjet propulsion devices market has witnessed significant growth, driven primarily by the United States, which remains a leading player in this sector. The increasing need for sophisticated propulsion solutions is fueling demand across the defense, coastal security, and renewable energy industries, with many companies investing heavily in research and development to stay ahead of the curve, while also adhering to strict environmental regulations.
Key Players
Several key players in the Waterjet Propulsion Devices Market are strengthening their market position through strategic partnerships and collaborations. Over the forecast period, emerging participants will expand steadily, driven by substantial profit margins. The major players operating in this space include Wärtsilä, Kongsberg Gruppen, HamiltonJet, Marine Jet Power, Rolls-Royce plc, Doen WaterJets, Castoldi, Scott WaterJet, Alamarin-Jet Oy, and Thrustmaster of Texas. This section offers comprehensive insights into company profiles, market share analysis, regional and industry presence, as well as an ACE Matrix to help guide informed decision-making.
Our in-depth market analysis includes a dedicated section focused on these prominent industry leaders. Our analysts offer valuable insights into their financial performance, conducting thorough assessments of their product portfolios and SWOT analyses to help our clients make informed decisions.
Ace Matrix Analysis
We present to you the Ace Matrix, a comprehensive ranking tool that offers insights into the performance of key players in this industry. By analyzing various factors such as service features & innovations, scalability, innovation of services, industry coverage, industry reach, and growth roadmap, we have categorized these companies into four distinct tiers: Active, Cutting Edge, Emerging, and Innovators.

Our ranking provides a clear understanding of how each company is positioned within the market, enabling you to make informed decisions about partnerships, investments, and other strategic initiatives.
Market Attractiveness
The visual representation of market attractiveness offers valuable insights into the segment dominating the Global Waterjet Propulsion Devices Market, providing a deeper understanding of its trajectory. By examining the key drivers contributing to industry expansion within specific regions, we can gain a comprehensive understanding of the market's dynamics and growth prospects.
Porter’s Five Forces
A visual representation would aid in comprehending the Porter's five forces framework as a strategic roadmap for grasping competitors' behavior and establishing a player's market positioning within their respective industry. Utilizing Porter's five forces model can provide valuable insights into assessing the competitive landscape of the Global Waterjet Propulsion Devices Market, evaluate the attractiveness of a specific sector, and assess potential investment opportunities.
Report Scope
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We're proud to be part of a dynamic community that's shaping the future of marine propulsion. Our esteemed partners include Wärtsilä (11.5% market share), Kongsberg Gruppen (15%), HamiltonJet (25%), Marine Jet Power, Rolls-Royce plc (45%), Doen WaterJets, Castoldi, Scott WaterJet, Alamarin-Jet Oy, and Thrustmaster of Texas.
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Meet our high-performance industrial pumps, designed to meet the needs of discerning manufacturers worldwide. With a capacity of 500-10000 gallons per minute, our pumps are built for heavy-duty applications. Whether you're producing steel, sugar, or pharmaceuticals, we've got a pump that can handle it.

In the chemicals industry, our pumps play a critical role in transporting corrosive fluids across vast distances. Our pumps have been used to transport sulfuric acid, hydrochloric acid, and other hazardous materials with precision and reliability.

In the oil and gas sector, our pumps are employed in drilling operations, ensuring that wells are drilled efficiently and safely. We've also supplied pumps for offshore platforms, where harsh weather conditions pose a significant challenge to pump performance.

Our pumps have found application in various end-users' industries, including food processing, paper mills, and power plants. In the food industry, our pumps have been used to transport milk, juice, and other dairy products while maintaining their quality and safety standards.

We serve customers across multiple geographic regions, with a strong presence in Asia-Pacific, Europe, North America, and South America.
We offer flexible reporting options to cater to your specific needs. A complimentary customisation package is included with the purchase, allowing for the equivalent of up to 4 analyst's working days of tailored analysis. Additionally, we can accommodate changes to our country, regional and segment scope, allowing you to refine the focus of the report to suit your priorities.
Research Methodology of The Research Insights
Reasons to Purchase this Report
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
• 6-month post-sales analyst support
Frequently Asked Questions
What is the projected market size & growth rate of the Waterjet Propulsion Devices Market?
What are the key driving factors for the growth of the Waterjet Propulsion Devices Market?
What are the top players operating in the Waterjet Propulsion Devices Market?
What segments are covered in the Waterjet Propulsion Devices Market report?
How can I get a sample report/company profiles for the Waterjet Propulsion Devices Market?
                   
                                                    


                            
                            

                                             

             Frequently Asked Questions About This Report
            
                                                                

                                    

                                      
                                            

                                                1What is the projected market size & growth rate of the Waterjet Propulsion Devices Market?
                                            
                                    
                                    
                                    

                                        

                                            
Waterjet Propulsion Devices Market was valued at USD 1,570.01 Million in 2024 and is projected to reach USD 12,265.08 Million by 2032, growing at a CAGR of 5.38% from 2026 to 2032.
                                        
                                    
                                
                                                                

                                    

                                      
                                            

                                                2What are the key driving factors for the growth of the Waterjet Propulsion Devices Market?
                                            
                                    
                                    
                                    

                                        

                                            
Increased demand for high-speed vessels, improved maneuverability and safety with waterjet propulsion and advancements in pump technology are the factors driving market growth.
                                        
                                    
                                
                                                                

                                    

                                      
                                            

                                                3What are the top players operating in the Waterjet Propulsion Devices Market?
                                            
                                    
                                    
                                    

                                        

                                            
The major players are Wärtsilä, Kongsberg Gruppen, HamiltonJet, Marine Jet Power, Rolls-Royce plc, Doen WaterJets, Castoldi, Scott WaterJet, Alamarin-Jet Oy, Thrustmaster of Texas.
                                        
                                    
                                
                                                                

                                    

                                      
                                            

                                                4What segments are covered in the Waterjet Propulsion Devices Market report?
                                            
                                    
                                    
                                    

                                        

                                            
The Global Waterjet Propulsion Devices Market is segmented based on Product, Capacity, Application, End-Use and Geography.
                                        
                                    
                                
                                                                

                                    

                                      
                                            

                                                5How can I get a sample report/company profiles for the Waterjet Propulsion Devices Market?
                                            
                                    
                                    
                                    

                                        

                                            
The sample report for the Waterjet Propulsion Devices Market can be obtained on demand from the website. Also, the 24*7 chat support & direct call services are provided to procure the sample report.