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Electric Ship Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis (2017-2021) and Forecast (2022-2028)

Electric Ship Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis (2017-2021) and Forecast (2022-2028)

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Electric Ship Market By Type (Fully Electric, Hybrid), By Mode of Operation (Remotely Operated, Manned, Autonomous), By Application Type (Commercial, Defense, Corvettes, Offshore Support Vessels, Aircraft Carriers, Submarines), By Power (<75KW, 75 KW -150 KW, 150 KW – 745 KW, 746 KW – 7560 KW, >7560 KW), By End-Use (New Build & Line Fit, Retrofit) and Geography

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Report

Description

Electric Ship Market size is valued at USD 4,950.0 million in 2021 and is expected to reach a value of USD 14,679.3 million by 2028, growing at a CAGR of 16.8% during the forecast period 2022 to 2028. The global market provides a detailed overview of the electric ship market and that can be segmented by type, mode of operation, application type, power, and end-user. By type, the electric ship market has been segmented into fully electric and hybrid. The fully electric segment is likely to be the largest and fastest-growing segment in terms of type. Based on mode of operation, the electric ship market is segmented into remotely operated, manned, and autonomous. The remotely operated segment is expected to have the fastest-growing market during the forecast period 2022-2028. Based on application type, the electric ship market is segmented into commercial, defense, corvettes, offshore support vessels, aircraft carriers, and submarines. The commercial segment accounts for the largest share in 2021. The corvettes segment has the second-largest share during the forecast period 2021-2028. Based on power, the electric ship market is segregated into <75KW, 75 KW -150 KW, 150 KW – 745 KW, 746 KW – 7560 KW and >7560 KW. <75KW accounted largest market share during the estimated period. On the basis of end-user, the market is segregated into new build & line fit and retrofit. The new build & line-fit segment held the largest market share during the estimated period.

Key Developments:

In Feb 2021, SAACKE, a global supplier of marine fire plants for seagoing vessels, offshore facilities, and LNG tankers, has inked a strategic collaboration agreement with Wärtsilä.

Electric Ship Market

MARKET SUMMARY
-
16.8% CAGR
  • Study Period– 2022-2028
  • Base Year– 2021
  • CAGR– 16.8.%
  • Largest Market– North America
  • Fastest Growing Market–  Asia-Pacific
Electric Ship Market

  • Electric Ship Market report gives comprehensive outlook across the region with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America and Middle East and Africa.
  • Electric Ship Market is segmented based on by type, mode of operation, application, power and geography.
Market Leaders
  • SIEMENS
  • MAN ENERGY SOLUTIONS SE (TRATON GROUP)
  • CORVUS ENERGY
  • ECHANDIA MARINE AB
  • GENERAL DYNAMICS ELECTRIC BOAT
Electric Ship Market

Drivers

The shipping industry’s rising fuel consumption and rising climate pollutants have prompted the establishment of new laws aimed at reducing gas emissions across the board in the future years. The market value is being boosted by the growing demand for electric propulsion and battery storage systems in the maritime industry. Various industry participants, ranging from suppliers to OEMs, are continuously pursuing the development of new batteries and technologies, adding to market statistics.

Electric Ship Market Regional Analysis

North America dominates the market

North American market is expected to witness the highest market share during the forecast period. Strong economic growth combined with high manufacturing rates is likely to help the region maintain its status as a global industrial hub. However, in Asia Pacific countries like China, Japan, and India, the COVID-19 coronavirus has had a considerable economic impact in recent months on financial markets and susceptible businesses including manufacturing, tourism, hospitality, and travel. These countries account for the majority of Asia Pacific market growth. The shipping industry's rising

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East
Key

FEATURES OF THE REPORT

  • The electric ship market report provides granular level information about the market size, regional market share, historic market (2017-2021) and forecast (2022-2028)
  • The electric ship market report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The electric ship market report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The electric ship market report tracks recent innovations, key developments, and start-up details that are actively working in the market
  • The electric ship market report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario
Electric Ship Market Segmentation

segmentation-block-image

Type-End-Use

    • Fully Electric
    • Hybrid

    End-Use

    • New Build & Line Fit,
    • Retrofit
segmentation-block-image

Mode of Operation

    • Remotely Operated
    • Manned
    • Autonomous
segmentation-block-image

Application

    • Commercial,
    • Defense,
    • Corvettes
    • Offshore Support Vessels
    • Aircraft Carriers
    • Submarines
segmentation-block-image

Power

    • 75KW
    • 75 KW -150 KW
    • 150 KW – 745 KW,
    • 746 KW – 7560 KW
    • >7560 KW
Location

GEOGRAPHY

Frequently Asked Questions

2021 is the base year and 2028 is the forecast year.

The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).

In our report, we provide 12-15 market players’ information into the report. However, based on the client’s request we will provide additional country and regional market players information as well.

Report

Table Of Content

1. Executive Summary
2. Global Electric Ship Market Introduction
2.1. Global Electric Ship Market – Taxonomy
2.2. Global Electric Ship Market – Definitions
2.2.1. By Type
2.2.2. By Mode of Operation
2.2.3. By Application Type
2.2.4. By Power
2.2.5. By End-Use
2.2.6. By Region
3. Global Electric Ship Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Global Electric Ship Market Dynamic Factors – Impact Analysis
3.6. Global Electric Ship Market – Competition Landscape
4. Global Electric Ship Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028
4.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
4.2. Year-over-Year (Y-o-Y) Growth Analysis (%)
4.3. Market Opportunity Analysis
5. Global Electric Ship Market, By Type, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn) 
5.1. Fully Electric
5.1.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
5.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.1.3. Market Opportunity Analysis
5.2. Hybrid
5.2.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.2.3. Market Opportunity Analysis
6. Global Electric Ship Market, By Mode of Operation, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn) 
6.1. Remotely Operated
6.1.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.1.3. Market Opportunity Analysis
6.2. Manned
6.2.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.2.3. Market Opportunity Analysis
6.3. Autonomous
6.3.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
6.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.3.3. Market Opportunity Analysis
7. Global Electric Ship Market, By Application Type, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn) 
7.1. Commercial
7.1.1. Passenger Vessels
7.1.1.1. Yatch
7.1.1.1.1.  Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
7.1.1.1.2.  Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.1.1.1.3.  Market Opportunity Analysis
7.1.1.2. Cruise Ships
7.1.1.2.1.  Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
7.1.1.2.2.  Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.1.1.2.3.  Market Opportunity Analysis
7.1.1.3. Ferries
7.1.1.3.1.  Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
7.1.1.3.2.  Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.1.1.3.3.  Market Opportunity Analysis
7.1.1.4. Motorboats
7.1.1.4.1.  Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
7.1.1.4.2.  Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.1.1.4.3.  Market Opportunity Analysis
7.1.2. Cargo Vessels
7.1.2.1. Container Vessels
7.1.2.1.1.  Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
7.1.2.1.2.  Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.1.2.1.3.  Market Opportunity Analysis
7.1.2.2. Bulk Carriers
7.1.2.2.1.  Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
7.1.2.2.2.  Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.1.2.2.3.  Market Opportunity Analysis
7.1.2.3. General Cargo Ships
7.1.2.3.1.  Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
7.1.2.3.2.  Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.1.2.3.3.  Market Opportunity Analysis
7.1.2.4. Tankers
7.1.2.4.1.  Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
7.1.2.4.2.  Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.1.2.4.3.  Market Opportunity Analysis
7.2. Defense
7.2.1. Destroyers
7.2.1.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
7.2.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.2.1.3. Market Opportunity Analysis
7.2.2. Frigates
7.2.2.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
7.2.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.2.2.3. Market Opportunity Analysis
7.2.3. Corvettes
7.2.3.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
7.2.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.2.3.3. Market Opportunity Analysis
7.2.4. Offshore Support Vessels
7.2.4.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
7.2.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.2.4.3. Market Opportunity Analysis
7.2.5. Aircraft Carriers
7.2.5.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
7.2.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.2.5.3. Market Opportunity Analysis
7.2.6. Submarines
7.2.6.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
7.2.6.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.2.6.3. Market Opportunity Analysis
8. Global Electric Ship Market, By Power, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn) 
8.1. <75 KW
8.1.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
8.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.1.3. Market Opportunity Analysis
8.2. 75 KW -150 KW
8.2.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
8.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.2.3. Market Opportunity Analysis
8.3. 150 KW – 745 KW
8.3.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
8.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.3.3. Market Opportunity Analysis
8.4. 746 KW – 7560 KW
8.4.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
8.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.4.3. Market Opportunity Analysis
8.5. >7560 KW
8.5.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
8.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.5.3. Market Opportunity Analysis
9. Global Electric Ship Market, By End-Use, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn) 
9.1. New Build & Line Fit
9.1.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
9.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
9.1.3. Market Opportunity Analysis
9.2. Retrofit
9.2.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
9.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
9.2.3. Market Opportunity Analysis
10. Global Electric Ship Market Forecast, By Region, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn) 
10.1. North America
10.1.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
10.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
10.1.3. Market Opportunity Analysis
10.2. Europe
10.2.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
10.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
10.2.3. Market Opportunity Analysis
10.3. Asia-Pacific
10.3.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
10.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
10.3.3. Market Opportunity Analysis
10.4. Latin America
10.4.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
10.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
10.4.3. Market Opportunity Analysis
10.5. Middle East and Africa
10.5.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
10.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
10.5.3. Market Opportunity Analysis
10.6. Global Electric Ship Market – Opportunity Analysis Index, By Type, By Mode of Operation, By Application Type, By Power, By End-Use and Region, 2022 – 2028
11. North America Electric Ship Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn) 
11.1. Type of service Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
11.1.1. Fully Electric
11.1.2. Hybrid
11.2. Mode of Operation Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
11.2.1. Remotely Operated
11.2.2. Manned
11.2.3. Autonomous
11.3. Application Type Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
11.3.1. Commercial
11.3.1.1. Passenger Vessels
11.3.1.1.1.                Yatch
11.3.1.1.2.                Cruise Ships
11.3.1.1.3.                Ferries
11.3.1.1.4.                Motorboats
11.3.1.2. Cargo Vessels
11.3.1.2.1.                Container Vessels
11.3.1.2.2.                Bulk Carriers
11.3.1.2.3.                General Cargo Ships
11.3.1.2.4.                Tankers
11.3.2. Defense
11.3.2.1. Destroyers
11.3.2.2. Frigates
11.3.2.3. Corvettes
11.3.2.4. Offshore Support Vessels
11.3.2.5. Aircraft Carriers
11.3.2.6. Submarines
11.4. Power Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
11.4.1. <75KW
11.4.2. 75 KW -150 KW
11.4.3. 150 KW – 745 KW
11.4.4. 746 KW – 7560 KW
11.4.5. >7560 KW
11.5. End-Use Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
11.5.1. New Build & Line Fit
11.5.2. Retrofit
11.6. Country Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
11.6.1. USA
11.6.2. Canada
11.7. North America Electric Ship Market – Opportunity Analysis Index, By Type, By Mode of Operation, By Application Type, By Power, By End-Use and Country, 2022 – 2028
11.8. North America Electric Ship Market Dynamics – Trends
12. Europe Electric Ship Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn) 
12.1. Type of service Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
12.1.1. Fully Electric
12.1.2. Hybrid
12.2. Mode of Operation Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
12.2.1. Remotely Operated
12.2.2. Manned
12.2.3. Autonomous
12.3. Application Type Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
12.3.1. Commercial
12.3.1.1. Passenger Vessels
12.3.1.1.1.                Yatch
12.3.1.1.2.                Cruise Ships
12.3.1.1.3.                Ferries
12.3.1.1.4.                Motorboats
12.3.1.2. Cargo Vessels
12.3.1.2.1.                Container Vessels
12.3.1.2.2.                Bulk Carriers
12.3.1.2.3.                General Cargo Ships
12.3.1.2.4.                Tankers
12.3.2. Defense
12.3.2.1. Destroyers
12.3.2.2. Frigates
12.3.2.3. Corvettes
12.3.2.4. Offshore Support Vessels
12.3.2.5. Aircraft Carriers
12.3.2.6. Submarines
12.4. Power Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
12.4.1. <75KW
12.4.2. 75 KW -150 KW
12.4.3. 150 KW – 745 KW
12.4.4. 746 KW – 7560 KW
12.4.5. >7560 KW
12.5. End-Use Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
12.5.1. New Build & Line Fit
12.5.2. Retrofit
12.6. Country Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
12.6.1. Germany
12.6.2. UK
12.6.3. France
12.6.4. Spain
12.6.5. Italy
12.6.6. Russia
12.6.7. Rest of Europe
12.7. Europe Electric Ship Market – Opportunity Analysis Index, By Type of service, By Enterprise Size, and Country, 2022 – 2028
12.8. Europe Electric Ship Market Dynamics – Trends
13. Asia-Pacific Electric Ship Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn) 
13.1. Type of service Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
13.1.1. Fully Electric
13.1.2. Hybrid
13.2. Mode of Operation Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
13.2.1. Remotely Operated
13.2.2. Manned
13.2.3. Autonomous
13.3. Application Type Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
13.3.1. Commercial
13.3.1.1. Passenger Vessels
13.3.1.1.1.                Yatch
13.3.1.1.2.                Cruise Ships
13.3.1.1.3.                Ferries
13.3.1.1.4.                Motorboats
13.3.1.2. Cargo Vessels
13.3.1.2.1.                Container Vessels
13.3.1.2.2.                Bulk Carriers
13.3.1.2.3.                General Cargo Ships
13.3.1.2.4.                Tankers
13.3.2. Defense
13.3.2.1. Destroyers
13.3.2.2. Frigates
13.3.2.3. Corvettes
13.3.2.4. Offshore Support Vessels
13.3.2.5. Aircraft Carriers
13.3.2.6. Submarines
13.4. Power Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
13.4.1. <75KW
13.4.2. 75 KW -150 KW
13.4.3. 150 KW – 745 KW
13.4.4. 746 KW – 7560 KW
13.4.5. >7560 KW
13.5. End-Use Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
13.5.1. New Build & Line Fit
13.5.2. Retrofit
13.6. Country Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
13.6.1. China
13.6.2. India
13.6.3. Japan
13.6.4. ASEAN
13.6.5. Australia & New Zealand
13.6.6. Rest of Asia-Pacific
13.7. Asia-Pacific Electric Ship Market – Opportunity Analysis Index, By Type, By Mode of Operation, By Application Type, By Power, By End-Use, and Country, 2022 – 2028
13.8. Asia-Pacific Electric Ship Market Dynamics – Trends
14. Latin America Electric Ship Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn) 
14.1. Type of service Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
14.1.1. Fully Electric
14.1.2. Hybrid
14.2. Mode of Operation Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
14.2.1. Remotely Operated
14.2.2. Manned
14.2.3. Autonomous
14.3. Application Type Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
14.3.1. Commercial
14.3.1.1. Passenger Vessels
14.3.1.1.1.                Yatch
14.3.1.1.2.                Cruise Ships
14.3.1.1.3.                Ferries
14.3.1.1.4.                Motorboats
14.3.1.2. Cargo Vessels
14.3.1.2.1.                Container Vessels
14.3.1.2.2.                Bulk Carriers
14.3.1.2.3.                General Cargo Ships
14.3.1.2.4.                Tankers
14.3.2. Defense
14.3.2.1. Destroyers
14.3.2.2. Frigates
14.3.2.3. Corvettes
14.3.2.4. Offshore Support Vessels
14.3.2.5. Aircraft Carriers
14.3.2.6. Submarines
14.4. Power Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
14.4.1. <75KW
14.4.2. 75 KW -150 KW
14.4.3. 150 KW – 745 KW
14.4.4. 746 KW – 7560 KW
14.4.5. >7560 KW
14.5. End-Use Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
14.5.1. New Build & Line Fit
14.5.2. Retrofit
14.6. Country Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
14.6.1. Brazil
14.6.2. Mexico
14.6.3. Argentina
14.6.4. Rest of Latin America
14.7. Latin America Electric Ship Market – Opportunity Analysis Index, By Type, By Mode of Operation, By Application Type, By Power, By End-Use, and Country, 2022 – 2028
14.8. Latin America Electric Ship Market Dynamics – Trends
15. Middle East and Africa Electric Ship Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn) 
15.1. Type of service Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
15.1.1. Fully Electric
15.1.2. Hybrid
15.2. Mode of Operation Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
15.2.1. Remotely Operated
15.2.2. Manned
15.2.3. Autonomous
15.3. Application Type Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
15.3.1. Commercial
15.3.1.1. Passenger Vessels
15.3.1.1.1.                Yatch
15.3.1.1.2.                Cruise Ships
15.3.1.1.3.                Ferries
15.3.1.1.4.                Motorboats
15.3.1.2. Cargo Vessels
15.3.1.2.1.                Container Vessels
15.3.1.2.2.                Bulk Carriers
15.3.1.2.3.                General Cargo Ships
15.3.1.2.4.                Tankers
15.3.2. Defense
15.3.2.1. Destroyers
15.3.2.2. Frigates
15.3.2.3. Corvettes
15.3.2.4. Offshore Support Vessels
15.3.2.5. Aircraft Carriers
15.3.2.6. Submarines
15.4. Power Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
15.4.1. <75KW
15.4.2. 75 KW -150 KW
15.4.3. 150 KW – 745 KW
15.4.4. 746 KW – 7560 KW
15.4.5. >7560 KW
15.5. End-Use Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
15.5.1. New Build & Line Fit
15.5.2. Retrofit
15.6. Country Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
15.6.1. Gulf Cooperation Council (GCC) Countries
15.6.2. Israel
15.6.3. South Africa
15.6.4. Rest of MEA
15.7. MEA Electric Ship Market – Opportunity Analysis Index, By Type, By Mode of Operation, By Application, By Power, By End-Use and Country, 2022 – 2028
15.8. MEA Electric Ship Market Dynamics – Trends
16. Competition Landscape 
16.1. Strategic Dashboard of Top Market Players
16.2. Company Profiles (Introduction, Financial Analysis, Offerings, Key Developments, Strategies, and SWOT Analysis)
16.2.1. SIEMENS
16.2.2. MAN ENERGY SOLUTIONS SE (TRATON GROUP)
16.2.3. CORVUS ENERGY
16.2.4. ECHANDIA MARINE AB
16.2.5. GENERAL DYNAMICS ELECTRIC BOAT
16.2.6. SCHOTTEL GMBH
16.2.7. AKASOL AG
16.2.8. EST FLOATTECH
16.2.9. KONGSBERG GRUPPEN
16.2.10. GENERAL ELECTRIC COMPANY (GE)
16.2.11. VARD (FINCANTIERI)
16.2.12. LECLANCHÉ SA
16.2.13. BAE SYSTEMS
16.2.14. SAFT (TOTAL)
16.2.15. ABB
16.2.16. WARTSILA
17. Research Methodology
18. Key Assumptions and Acronyms
Report

Company Profile

  • SIEMENS
  • MAN ENERGY SOLUTIONS SE (TRATON GROUP)
  • CORVUS ENERGY
  • ECHANDIA MARINE AB
  • GENERAL DYNAMICS ELECTRIC BOAT
  • SCHOTTEL GMBH
  • AKASOL AG
  • EST FLOATTECH
  • KONGSBERG GRUPPEN
  • GENERAL ELECTRIC COMPANY (GE)
  • VARD (FINCANTIERI)
  • LECLANCHÉ SA
  • BAE SYSTEMS
  • SAFT (TOTAL)
  • ABB
  • WARTSILA

Description

Electric Ship Market size is valued at USD 4,950.0 million in 2021 and is expected to reach a value of USD 14,679.3 million by 2028, growing at a CAGR of 16.8% during the forecast period 2022 to 2028. The global market provides a detailed overview of the electric ship market and that can be segmented by type, mode of operation, application type, power, and end-user. By type, the electric ship market has been segmented into fully electric and hybrid. The fully electric segment is likely to be the largest and fastest-growing segment in terms of type. Based on mode of operation, the electric ship market is segmented into remotely operated, manned, and autonomous. The remotely operated segment is expected to have the fastest-growing market during the forecast period 2022-2028. Based on application type, the electric ship market is segmented into commercial, defense, corvettes, offshore support vessels, aircraft carriers, and submarines. The commercial segment accounts for the largest share in 2021. The corvettes segment has the second-largest share during the forecast period 2021-2028. Based on power, the electric ship market is segregated into <75KW, 75 KW -150 KW, 150 KW – 745 KW, 746 KW – 7560 KW and >7560 KW. <75KW accounted largest market share during the estimated period. On the basis of end-user, the market is segregated into new build & line fit and retrofit. The new build & line-fit segment held the largest market share during the estimated period.

Key Developments:

In Feb 2021, SAACKE, a global supplier of marine fire plants for seagoing vessels, offshore facilities, and LNG tankers, has inked a strategic collaboration agreement with Wärtsilä.

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