Global Electric Ships Market By Type (Fully Electric, Hybrid), Power (kW) (<75 kW, 75–150 kW, 151–745 kW, 746–7,560 kW, >7,560 kW), Range (km) (<50 km, 50–100 km, 101–1,000 km, >1,000 km), System (Energy Storage Systems, Power Conversion, Power Generation, Power Distribution Systems), Ship Type (Commercial, Defense), Mode Of Operation (Manned, Remotely Operated, Autonomous), End-Use (Newbuild and Line Fit and Retrofit), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights: Global Electric Ships Market
The electric ships market is expected to witness market growth at a rate of 8.10% in the forecast period of 2021 to 2028 and is expected to reach USD 6,051.46 million by 2028. Data Bridge Market Research report on electric ships market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The increase in the seaborne sector is escalating the growth of electric ships market.
Electric ships are referred to marine vessels that are powered by electricity instead of conventional fuels. These vessels are known to utilize batteries rather than diesel engines in order to keep them running.
The rise in the number of retro fit applications and higher emphasis on emission reduction act as the major factors driving the growth of electric ships market. The increase in the investment in the development of various power sources for the shipping industry for the purpose of aligning themselves toward the goal of reducing carbon emission and expansion of marine tourism industry accelerate the market growth. The rise in the design and development of ships causing surge in automation and decline in energy consumption and adoption of hybrid and electric propulsion technologies for retrofitting ships further influence the market. Additionally, implementation of sulfur 2020 rule, development of lithium-ion batteries, growth in commercial aircraft and surge in disposable income of people positively affect the electric ships market. Furthermore, hybrid propulsion technology for large ships and potential for battery charging via renewable sources of energy extend profitable opportunities to the market players in the forecast period of 2021 to 2028.
- On the other hand, high initial capital expenditure cost and high downtime in retrofitting ships are the factors expected to obstruct the market growth. Limited range and capacity of fully-electric ships and inadequate charging infrastructure are projected to challenge the electric ships market in the forecast period of 2021-2028.
This electric ships market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on electric ships market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Electric Ships Market Scope and Market Size
The electric ships market is segmented on the basis of type, power, range, system, ship type, mode of operation and end use. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of type, the electric ships market is segmented into fully electric and hybrid. Fully electric is further segmented into lithium battery, lead acid battery, electro-solar and fuel cells. Hybrid is further segmented into diesel & battery-driven and LPG/LNG & battery-driven.
- On the basis of power, the electric ships market is segmented into <75 kw, 75–150 kw, 151–745 kw, 746–7,560 kw and >7,560 kw.
- On the basis of range, the electric ships market is segmented into <50 km, 50–100 km, 101–1,000 km, and >1,000 km.
- On the basis of system, the electric ships market is segmented into energy storage systems, power conversion, power generation and power distribution systems.
- On the basis of mode of operation, the electric ships market is segmented into manned, remotely operated and autonomous.
- On the basis of ship type, the electric ships market is segmented into commercial and defense.
- On the basis of end use, the electric ships market is segmented into new-build and line fit and retrofits.
Global Electric Ships Market Country Level Analysis
The electric ships market is analyzed and market size, volume information is provided by country, type, power, range, system, ship type, mode of operation and end use outlook as referenced above.
The countries covered in the global electric ships market report are the U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America dominates the electric ships market because of the rising environmental awareness of the general population, growing popularity of electric recreational and leisure vessels in marine tourism and government initiatives to promote electrically operated transportation modes within the region. Asia-Pacific is expected to witness highest growth during the forecast period of 2021 to 2028 because of the strong economic growth in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Electric Ships Market Share Analysis
The electric ships market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to electric ships market.
The major players covered in the electric ships market report are Wärtsilä, KONGSBERG, General Electric, VARD, Siemens, Leclanché SA, BAE Systems., Norwegian Electric Systems, MAN Energy Solutions, Corvus Energy., Echandia, General Dynamics Electric Boat, Anglo Belgian Corporation, SCHOTTEL Group, Danfoss, Eco Marine Power, AKASOL AG, EST-Floattech, Saft, Duffy Electric Boat Company., and Vision Marine Technologies among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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Table of Content
1. INTRODUCTION
1.1 OBJECTIVES OF THE STUDY
1.2 MARKET DEFINITION
1.3 OVERVIEW OF GLOBAL ELECTRIC SHIPS MARKET
1.4 CURRENCY AND PRICING
1.5 LIMITATION
1.6 MARKETS COVERED
2. MARKET SEGMENTATION
2.1 KEY TAKEAWAYS
2.2 ARRIVING AT THE GLOBAL ELECTRIC SHIPS MARKET
2.3 VENDOR POSITIONING GRID
2.4 TECHNOLOGY LIFE LINE CURVE
2.5 MARKET GUIDE
2.6 MULTIVARIATE MODELLING
2.7 TOP TO BOTTOM ANALYSIS
2.8 STANDARDS OF MEASUREMENT
2.9 VENDOR SHARE ANALYSIS
2.10 DATA POINTS FROM KEY PRIMARY INTERVIEWS
2.11 DATA POINTS FROM KEY SECONDARY DATABASES
2.12 GLOBAL ELECTRIC SHIPS MARKET: RESEARCH SNAPSHOT
2.13 ASSUMPTIONS
3. MARKET OVERVIEW
3.1 DRIVERS
3.2 RESTRAINTS
3.3 OPPORTUNITIES
3.4 CHALLENGES
4. EXECUTIVE SUMMARY
5. PREMIUM INSIGHTS
6. IMPACT OF COVID-19 PANDEMIC ON THE GLOBAL ELECTRIC SHIPS MARKET
6.1 ANALYSIS ON IMPACT OF COVID-19 ON THE MARKET
6.2 AFTER MATH OF COVID-19 AND GOVERNMENT INITIATIVE TO BOOST THE MARKET
6.3 STRATEGIC DECISIONS FOR MANUFACTURERS AFTER COVID-19 TO GAIN COMPETITIVE MARKET SHARE
6.4 PRICE IMPACT
6.5 IMPACT ON DEMAND
6.6 IMPACT ON SUPPLY CHAIN
6.7 CONCLUSION
7. GLOBAL ELECTRIC SHIPS MARKET, BY TYPE
7.1 OVERVIEW
7.2 FULLY ELECTRIC
7.3 HYBRID
8. GLOBAL ELECTRIC SHIPS MARKET, BY SYSTEM
8.1 OVERVIEW
8.2 ENERGY STORAGE SYSTEMS
8.3 POWER CONVERSION
8.4 POWER GENERATION
8.5 POWER DISTRIBUTION
9. GLOBAL ELECTRIC SHIPS MARKET, BY MODE OF OPERATION
9.1 OVERVIEW
9.2 MANNED
9.3 REMOTELY OPERATED
9.4 AUTONOMOUS
9.4.1 DEFENSE
9.4.1.1. NUCLEAR SUBMARINES
9.4.1.2. SUBMARINES
9.4.1.3. AIRCRAFT CARRIERS
9.4.1.4. DESTROYERS
9.4.1.5. FRIGATE
9.4.1.6. AMPHIBIOUS
9.4.2 COMMERCIAL
9.4.2.1. PASSENGER CRUISE
9.4.2.2. BULK CARRIERS
9.4.2.3. DRY CARGO
9.4.2.3.1. CONTAINERS
9.4.2.3.2. GENERAL CARGO
9.4.2.4. TANKERS
9.4.2.5. GAS TANKERS
9.4.2.6. RESEARCH VESSELS
9.4.2.7. DREGERS
9.4.2.8. OTHERS
10. GLOBAL ELECTRIC SHIPS MARKET, BY SHIP TYPE
10.1 OVERVIEW
10.2 COMMERCIAL
10.3 DEFENSE
11. GLOBAL ELECTRIC SHIPS MARKET, BY POWER
11.1 OVERVIEW
11.2 LESS THAN 75 KW
11.3 75 KW TO 150 KW
11.4 151 KW TO 745 KW
11.5 756 KW TO 7,560 KW
11.6 MORE THAN 7,560 KW
12. GLOBAL ELECTRIC SHIPS MARKET, BY RANGE
12.1 OVERVIEW
12.2 LESS 50 KM
12.3 50 KM TO 100 KM
12.4 101 KM TO 1000 KM
12.5 MORE THAN 1,000 KM
13. GLOBAL ELECTRIC SHIPS MARKET, BY TONNAGE
13.1 OVERVIEW
13.2 LESS THAN 5000 DWT
13.3 500 TO 5,000 DWT
13.4 5001 TO 15,000 DWT
13.5 MORE THAN 15,000 DWT
14. GLOBAL ELECTRIC SHIPS MARKET, BY END-USE
14.1 OVERVIEW
14.2 NEW BUILD AND LINE FIT
14.2.1 FULLY ELECTRIC
14.2.2 HYBRID
14.3 RETROFIT
14.3.1 FULLY ELECTRIC
14.3.2 HYBRID
15. GLOBAL ELECTRIC SHIPS MARKET, BY REGION
15.1 GLOBAL ELECTRIC SHIPS MARKET, (ALL SEGMENTATION PROVIDED ABOVE IS REPRESENTED IN THIS CHAPTER BY COUNTRY)
15.1.1 NORTH AMERICA
15.1.1.1. U.S.
15.1.1.2. CANADA
15.1.1.3. MEXICO
15.1.2 EUROPE
15.1.2.1. GERMANY
15.1.2.2. FRANCE
15.1.2.3. U.K.
15.1.2.4. ITALY
15.1.2.5. SPAIN
15.1.2.6. RUSSIA
15.1.2.7. TURKEY
15.1.2.8. BELGIUM
15.1.2.9. NETHERLANDS
15.1.2.10. SWITZERLAND
15.1.2.11. REST OF EUROPE
15.1.3 ASIA PACIFIC
15.1.3.1. JAPAN
15.1.3.2. CHINA
15.1.3.3. SOUTH KOREA
15.1.3.4. INDIA
15.1.3.5. AUSTRALIA
15.1.3.6. SINGAPORE
15.1.3.7. THAILAND
15.1.3.8. MALAYSIA
15.1.3.9. INDONESIA
15.1.3.10. PHILIPPINES
15.1.3.11. REST OF ASIA PACIFIC
15.1.4 SOUTH AMERICA
15.1.4.1. BRAZIL
15.1.4.2. ARGENTINA
15.1.4.3. REST OF SOUTH AMERICA
15.1.5 MIDDLE EAST AND AFRICA
15.1.5.1. SOUTH AFRICA
15.1.5.2. SAUDI ARABIA
15.1.5.3. EGYPT
15.1.5.4. ISRAEL
15.1.5.5. REST OF MIDDLE EAST AND AFRICA
15.2 KEY PRIMARY INSIGHTS: BY MAJOR COUNTRIES
16. GLOBAL ELECTRIC SHIPS MARKET, COMPANY LANDSCAPE
16.1 COMPANY SHARE ANALYSIS: GLOBAL
16.2 COMPANY SHARE ANALYSIS: NORTH AMERICA
16.3 COMPANY SHARE ANALYSIS: EUROPE
16.4 COMPANY SHARE ANALYSIS: ASIA PACIFIC
16.5 MERGERS & ACQUISITIONS
16.6 NEW PRODUCT DEVELOPMENT & APPROVALS
16.7 EXPANSIONS
16.8 REGULATORY CHANGES
16.9 PARTNERSHIP AND OTHER STRATEGIC DEVELOPMENTS
17. GLOBAL ELECTRIC SHIPS MARKET, SWOT ANALYSIS
18. GLOBAL ELECTRIC SHIPS MARKET, COMPANY PROFILE
18.1 ABB LTD.
18.1.1 COMPANY SNAPSHOT
18.1.2 REVENUE ANALYSIS
18.1.3 GEOGRAPHIC PRESENCE
18.1.4 PRODUCT PORTFOLIO
18.1.5 RECENT DEVELOPMENTS
18.2 WARTSILA
18.2.1 COMPANY SNAPSHOT
18.2.2 REVENUE ANALYSIS
18.2.3 GEOGRAPHIC PRESENCE
18.2.4 PRODUCT PORTFOLIO
18.2.5 RECENT DEVELOPMENTS
18.3 KONGSBERG GRUPPEN
18.3.1 COMPANY SNAPSHOT
18.3.2 REVENUE ANALYSIS
18.3.3 GEOGRAPHIC PRESENCE
18.3.4 PRODUCT PORTFOLIO
18.3.5 RECENT DEVELOPMENTS
18.4 GENERAL ELECTRIC
18.4.1 COMPANY SNAPSHOT
18.4.2 REVENUE ANALYSIS
18.4.3 GEOGRAPHIC PRESENCE
18.4.4 PRODUCT PORTFOLIO
18.4.5 RECENT DEVELOPMENTS
18.5 VARD
18.5.1 COMPANY SNAPSHOT
18.5.2 REVENUE ANALYSIS
18.5.3 GEOGRAPHIC PRESENCE
18.5.4 PRODUCT PORTFOLIO
18.5.5 RECENT DEVELOPMENTS
18.6 SIEMENS
18.6.1 COMPANY SNAPSHOT
18.6.2 REVENUE ANALYSIS
18.6.3 GEOGRAPHIC PRESENCE
18.6.4 PRODUCT PORTFOLIO
18.6.5 RECENT DEVELOPMENTS
18.7 LECLANCHÉ SA
18.7.1 COMPANY SNAPSHOT
18.7.2 REVENUE ANALYSIS
18.7.3 GEOGRAPHIC PRESENCE
18.7.4 PRODUCT PORTFOLIO
18.7.5 RECENT DEVELOPMENTS
18.8 BAE SYSTEMS
18.8.1 COMPANY SNAPSHOT
18.8.2 REVENUE ANALYSIS
18.8.3 GEOGRAPHIC PRESENCE
18.8.4 PRODUCT PORTFOLIO
18.8.5 RECENT DEVELOPMENTS
18.9 SAFT (TOTAL)
18.9.1 COMPANY SNAPSHOT
18.9.2 REVENUE ANALYSIS
18.9.3 GEOGRAPHIC PRESENCE
18.9.4 PRODUCT PORTFOLIO
18.9.5 RECENT DEVELOPMENTS
18.10 NORWEGIAN ELECTRIC SYSTEMS AS (HAVYARD GROUP ASA)
18.10.1 COMPANY SNAPSHOT
18.10.2 REVENUE ANALYSIS
18.10.3 GEOGRAPHIC PRESENCE
18.10.4 PRODUCT PORTFOLIO
18.10.5 RECENT DEVELOPMENTS
18.11 MAN ENERGY SOLUTIONS SE (TRATON GROUP)
18.11.1 COMPANY SNAPSHOT
18.11.2 REVENUE ANALYSIS
18.11.3 GEOGRAPHIC PRESENCE
18.11.4 PRODUCT PORTFOLIO
18.11.5 RECENT DEVELOPMENTS
18.12 CORVUS ENERGY
18.12.1 COMPANY SNAPSHOT
18.12.2 REVENUE ANALYSIS
18.12.3 GEOGRAPHIC PRESENCE
18.12.4 PRODUCT PORTFOLIO
18.12.5 RECENT DEVELOPMENTS
18.13 ECHANDIA MARINE AB
18.13.1 COMPANY SNAPSHOT
18.13.2 REVENUE ANALYSIS
18.13.3 GEOGRAPHIC PRESENCE
18.13.4 PRODUCT PORTFOLIO
18.13.5 RECENT DEVELOPMENTS
18.14 GENERAL DYNAMICS ELECTRIC BOAT
18.14.1 COMPANY SNAPSHOT
18.14.2 REVENUE ANALYSIS
18.14.3 GEOGRAPHIC PRESENCE
18.14.4 PRODUCT PORTFOLIO
18.14.5 RECENT DEVELOPMENTS
18.15 ANGLO BELGIAN CORPORATION (ABC) NV
18.15.1 \ COMPANY SNAPSHOT
18.15.2 REVENUE ANALYSIS
18.15.3 GEOGRAPHIC PRESENCE
18.15.4 PRODUCT PORTFOLIO
18.15.5 RECENT DEVELOPMENTS
18.16 SCHOTTEL GMBH
18.16.1 COMPANY SNAPSHOT
18.16.2 REVENUE ANALYSIS
18.16.3 GEOGRAPHIC PRESENCE
18.16.4 PRODUCT PORTFOLIO
18.16.5 RECENT DEVELOPMENTS
18.17 VISEDO (DANFOSS)
18.17.1 COMPANY SNAPSHOT
18.17.2 REVENUE ANALYSIS
18.17.3 GEOGRAPHIC PRESENCE
18.17.4 PRODUCT PORTFOLIO
18.17.5 RECENT DEVELOPMENTS
18.18 ECO MARINE POWER CO LTD.
18.18.1 COMPANY SNAPSHOT
18.18.2 REVENUE ANALYSIS
18.18.3 GEOGRAPHIC PRESENCE
18.18.4 PRODUCT PORTFOLIO
18.18.5 RECENT DEVELOPMENTS
18.19 AKASOL AG
18.19.1 COMPANY SNAPSHOT
18.19.2 REVENUE ANALYSIS
18.19.3 GEOGRAPHIC PRESENCE
18.19.4 PRODUCT PORTFOLIO
18.19.5 RECENT DEVELOPMENTS
18.20 EST FLOATTECH
18.20.1 COMPANY SNAPSHOT
18.20.2 REVENUE ANALYSIS
18.20.3 GEOGRAPHIC PRESENCE
18.20.4 PRODUCT PORTFOLIO
18.20.5 RECENT DEVELOPMENTS
18.21 FJELLSTRAND
18.21.1 COMPANY SNAPSHOT
18.21.2 REVENUE ANALYSIS
18.21.3 GEOGRAPHIC PRESENCE
18.21.4 PRODUCT PORTFOLIO
18.21.5 RECENT DEVELOPMENTS
18.22 SØBY VÆRFT A/S
18.22.1 COMPANY SNAPSHOT
18.22.2 REVENUE ANALYSIS
18.22.3 GEOGRAPHIC PRESENCE
18.22.4 PRODUCT PORTFOLIO
18.22.5 RECENT DEVELOPMENTS
18.23 MITSUBISHI SHIPBUILDING
18.23.1 COMPANY SNAPSHOT
18.23.2 REVENUE ANALYSIS
18.23.3 GEOGRAPHIC PRESENCE
18.23.4 PRODUCT PORTFOLIO
18.23.5 RECENT DEVELOPMENTS
18.24 STERLING PLANB ENERGY SOLUTIONS
18.24.1 COMPANY SNAPSHOT
18.24.2 REVENUE ANALYSIS
18.24.3 GEOGRAPHIC PRESENCE
18.24.4 PRODUCT PORTFOLIO
18.24.5 RECENT DEVELOPMENTS
18.25 COCHIN SHIPYARD
18.25.1 COMPANY SNAPSHOT
18.25.2 REVENUE ANALYSIS
18.25.3 GEOGRAPHIC PRESENCE
18.25.4 PRODUCT PORTFOLIO
18.25.5 RECENT DEVELOPMENTS
NOTE: THE COMPANIES PROFILED IS NOT EXHAUSTIVE LIST AND IS AS PER OUR PREVIOUS CLIENT REQUIREMENT. WE PROFILE MORE THAN 100 COMPANIES IN OUR STUDY AND HENCE THE LIST OF COMPANIES CAN BE MODIFIED OR REPLACED ON REQUEST
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20. QUESTIONNAIRE
21. ABOUT DATA BRIDGE MARKET RESEARCH
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