Market Share of Degaussing Systems Industry
The degaussing systems market is semi-consolidated, and the prominent players in the degaussing systems market are L3Harris Technologies Inc., ECA Group, Ultra Electronics Holdings Limited, Polyamp AB, and American Superconductor Corporation. L3Harris Technologies, Inc. provides various designs and configurations of degaussing systems to the German Navy, Thai Navy, Korean Navy, Spanish Navy, Turkish Navy, Portuguese Navy, and Indian Navy, among others.
With a competitive market scenario, companies are investing in the development of new degaussing methods that will replace the existing and conventional degaussing systems. For instance, to capture new market opportunities, American Superconductor Corporation was the first to introduce high-temperature superconductor (HTS) degaussing cable. These HTS cables are proven to reduce 20% of the weight of cables, 40% of installation costs, and utilize lower operating voltages. With the introduction of such products into the market, the companies can strengthen their expansion plans with strong cash flows in the future.
Degaussing Systems Market Leaders
ECA Group
Polyamp AB
American Superconductor Corporation
Ultra Electronics Holdings Limited
L3Harris Technologies, Inc.
*Disclaimer: Major Players sorted in no particular order
