Global Electric Ships Market Overview

Global Electric Ships Market was valued at USD 5.10 billion in 2021 and is expected to reach USD 10.52 billion by the year 2028, at a CAGR of 10.9%.

The first electric cargo ship was launched by China in 2017 in Guangzhou city. It traveled about 80 km in a single charge. This incorporation of electric ships by governments is boosting market growth. The maritime industry is an important segment of the transportation sector, as it is responsible for the transportation of 80% of the world's commodities according to, United Nations Conference on Trade and Development. The maritime industry emits 14% of the global Green House Gases (GHGs), making it the fourth-biggest sector in emissions globally responsible for global warming. To reduce the emission and to achieve the low-carbon standards required by global societal needs, the use of electric ship is a boon. Moreover, there has been a rapid increase in the utilization of electric power in ships, for the development of more efficient and environmentally friendlier ships, which further promotes a more flexible ship power system operation and configuration. With the growing international trade and the rising concern towards global warming, electric ships provide a more efficient and greener way for transportation of goods through seaways. The maritime industry is in the transition stage, utilizing alternative technologies and fuels instead of fossil fuels and aiming to become a zero-emission industry in near future. Moreover, the growing maritime industry in developed and developing countries is supporting the growth of the Electric Ship market thus, promoting the electric ship market expansion. 

COVID-19 Impact on Electric Ships Market

The outbreak of COVID-19 in 2020 has severely affected the functioning and operational activities of various industries. The pandemic has negatively impacted the Electric Ship market. Due to the restrictions imposed by governments on the transportation and gatherings of workers, the functionality of the supply chain and logistics have been adversely affected. Moreover, the ban on tourism activities declined the manufacturing of electric ships for maritime tourism activities. Furthermore, only essential activities such as healthcare were allowed to operate during the pandemic. After a steady fall in the spike of COVID-19 cases, relaxations were imposed in certain parts of the globe. Due to the high infection rate in certain countries, certain raw materials required for the manufacturing process of the electric ship were unavailable. The pandemic resulted in the delay of certain vital electric ships projects. The fundings from the government for developing electric ships were redirected to the healthcare sector for its efficient functioning thus, COVID-19 has adversely affected the growth of the Electric Ship Market.

Market Dynamics and Key Factors In Electric Ships Market

Drivers:

The advancements in technology used in electric ships have simplified the propulsion system, including the sophisticated reduction gear used to run the ship thus propelling the expansion of electric ship markets in the period of forecast. Moreover, the incorporation of electric ships has decreased the financial burden of maintenance and repair including life cycle costs due to the fact, electric ship utilizes integrated propulsion motors with power generation motors to support the internal electrical load. Furthermore, electric ships aids in silencing the onboard noise thus reducing the impact caused by the movement of the ship on the marine animals. Additionally, electric ships enhance fuel efficiency during travel owing to the ability to maintain a constant rotational speed that offers good fuel efficiency in the motors used for producing propulsive electric power. All these factors strengthen the growth of the electric ship market during the forecast period.

The transmission of severe stresses such as torsional and vibration is restricted as there is no direct connection of propeller shaft and prime mover in electric propulsion motors. Moreover, electric ships provide more flexibility in the installation of machinery. The space required for the installation of electric propulsion motors is very less and compact as compared to the conventional system. The motor used in electric ships generates maximum torque across the entire speed range at the propeller. Furthermore, the electric motor used in electric ships provides a much-enhanced dynamic response from zero to maximum propelling speed as compared to other conventional propelling systems. In addition, the time required for maintenance and service is very less thus encouraging the electric ship market development in the period of forecast.

The revised rules and regulations implemented by International Maritime Organization (IMO) in 2020 have compelled ship operators to use fuels having 0.50% sulfur content. Thus, ship operators are integrating the use of electric or hybrid propulsion systems instead of conventional diesel-driven engines. Such rules and regulations are promoting the diversification of the Electric ship's market.

Restraints:

The cost associated with the installation of an electric propulsion system is very high. Moreover, as the system involved in the electric ship is completely different from the mechanical system, an improvised training program to generate skilled and qualified labor is required. Additionally, this is a time-consuming and costly process, thus negatively impacting the growth of the electric ship market. The distance traveled by electric ships on a single charge is the limiting factor hindering the electric ship's market growth. In addition, the current battery technology doesn't facilitate the energy required for large merchant ships. Electric ships require charging stations to recharge the depleted batteries, as the use of electric ships is limited it will take time for the charging facilities to spread globally. Moreover, the speed offered by the electric propulsion system is low as compared to the conventional diesel engines. In certain instances, the load on the electric propulsion system can cause battery breakdown, thus all these factors are hampering the electric ship market growth during the period of forecast.

Opportunities:

Recently there has been a rise in investments by governments in electric ships, to make them compatible for long-distance transportation and to deploy charging stations at numerous points. Moreover, advancements in technology have improvised the efficiency of hybrid-electric propulsion systems utilized in electric ships. Maritime tourism has observed significant growth in recent years. The increasing popularity of cruises, yachts, personalized boats and small boats is proving a vital opportunity for the market players to develop electric ships according to need. Furthermore, the rapid rise in the integration of electric or hybrid propulsion systems to reduce carbon emission and to preserve the natural flora and fauna of the marine ecosystem is instigating market players to manufacture electric motors.

Challenges:

To increase the capacity of the batteries and to make them lightweight are some of the major challenges faced by the manufacturers of electric ships. Current technologies used in the manufacturing of electric ship does not guarantee zero-emission standard thus, to make them emission-free is a vital challenge as major of commodity transportation takes place through ships.

Market Segmentation

Segmentation Analysis of Electric Ships Market:

Depending on Power Source, the hybrid segment is anticipated to dominate the market in the period of forecast. Hybrid electric propulsion systems generate less pollution compared to conventional engines which use heavy fuel. In hybrid engines, the power to propel the shaft is provided by natural gas/diesel generator and prime mover assembly as the shaft is directly connected to the AC/DC motor. It has been discovered that there has been a 20% decrease in the consumption of fuel and about a 15% reduction in carbon dioxide emissions when hybrid engines are used, thus boosting the growth of the hybrid segment.

Depending upon the Mode of Operation, the semi-autonomous segment is predicted to have the highest share of the electric ship market. To sustain the proper functioning and maintenance of a hybrid propulsion system there is a need for crew members to look after it, thus propelling the growth of this segment. The autonomous segment is forecasted to have the second-highest share of the market owing to the reduction in labor cost and decrease in errors caused by humans.

Depending upon Battery Type, the lithium-ion battery is forecasted to lead the electric ship market. Lithium-ion batteries have long-lasting life as compared to lead-acid batteries. Moreover, lithium-ion batteries are light in weight, get charged quickly, and discharge electricity according to the need. Lithium-ion batteries can operate at adverse temperatures efficiently compared to the other solutions available in the market, thus supporting the growth of this segment.

Depending on Vessel Type, the commercial segment is expected to dominate the electric ship market throughout the forecast. The commercial segment comprises tanker ships, container vessels, general cargo ships, yachts, cruise, and ferries. The increase in seaborne trade and the growing maritime tourism industry is strengthening the growth of the commercial segment. Various rules and regulations implemented by governments to decrease the use of sulfur in fuels are expected to increase the demand for commercial electric ships.

Depending on the System, the energy storage segment is anticipated to have significant growth. Features such as lower emissions, fuel savings, and increased safety during operation and maintenance are driving the need for energy storage systems in electric ships, thus fueling the development of this segment.

Regional Analysis of Electric Ships Market:

The European region is forecasted to have the highest share of the electric ship market during the forecast period. The growing demand in this region is attributed to the rising awareness of emissions from the maritime industry. Moreover, the incentives offered by the governments to the manufacturing companies in this region are further boosting the growth of the electric ship market. To make maritime transportation environmentally friendly countries such as Denmark, Norway, and the UK are actively incorporating the use of electric ships for inland passenger and goods transportation.

The North American region is expected to have a significant growth rate owing to the advancements and developments in the technology used for the manufacturing of electric ships. Moreover, the United States has adopted the use of electric propulsion ships in defense, thus enhancing the growth of the electric ship market.

Asia-Pacific region is anticipated to have a high growth rate owing to countries such as China, and Japan which are extensively integrating the use of commercial electric ships for ferries, maritime tourism, and transportation of goods. Japan is having the highest technological advancement as the majority of its activities are dependent on sea routes. Countries such as India, Sri Lanka, and China are increasing the use of electric ships for tourism as well as strengthening the navy.

Players Covered in Electric Ships market are :

Key Industry Developments In Electric Ships Market

  • In September 2021, ABB launched its innovative technology the Containerized Energy Storage System (ESS) to meet the rapidly rising demand of low and zero-emission from ships. Containerized ESS provides a complete, plug-in solution to install sustainable marine energy storage at scale housed in a 20ft high-cube ISO container and ready to incorporate with the vessel's main power distribution system. It further provides safety during operation and maintenance. 
  • In September 2021, BAE Systems will use its expertise in providing integrated solutions in electric propulsion and power management, alongside its experience in vessel autonomy by working in two separate projects in the city with Cory, waste to the energy management company, and Uber Boat by Thames Clippers, a ferry operator. This collaboration is expected to deliver connected solutions to increase efficiency and to reduce the power demands of vessels, in conjunction with their design
  • In January 2021, Corvus Energy received the contract to supply the Energy Storage System (ESS), for the first-ever manufactured zero-emission electric "e5 tanker" currently under construction for Asahi Tanker Co., Ltd. of Tokyo, Japan. Kawasaki Heavy Industries has selected Corvus Energy for this project.

Global Electric Ships Market

Base Year:

2021

Forecast Period:

2022-2028

Historical Data:

2016 to 2020

Market Size in 2021:

USD 5.10 Bn.

Forecast Period 2022-28 CAGR:

10.9%

Market Size in 2028:

USD 10.52 Bn.

Segments Covered:

By Power Source

  • Hybrid
  • Fully Electric

By Autonomy Level

  • Semi-Autonomous
  • Fully Autonomous

By Vessel Type

  • Commercial
  • Defense
  • Special

By Region

  • North America (U.S., Canada, Mexico)
  • Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
  • Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
  • Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
  • South America (Brazil, Argentina, Rest of SA)

Key Market Drivers:

  • Rapid Expansion in Seaborne Trade

Key Market Restraints:

  • High Installation Cost of an Electric Propulsion System

Key Opportunities:

  • The Increasing Popularity of Cruises, Yachts, and Personalized Boats

Companies Covered in the report:

  • ABB (Switzerland), ECO Marine Power Co Ltd. (UK), Anglo Belgian Corporation NV (Belgium), Bae Systems (UK), Corvus Energy (Canada), and Other major players.

Chapter 1: Introduction
 1.1 Research Objectives
 1.2 Research Methodology
 1.3 Research Process
 1.4 Scope and Coverage
  1.4.1 Market Definition
  1.4.2 Key Questions Answered
 1.5 Market Segmentation

Chapter 2:Executive Summary

Chapter 3:Growth Opportunities By Segment
 3.1 By Power Source
 3.2 By Autonomy Level
 3.3 By Vessel Type

Chapter 4: Market Landscape
 4.1 Porter's Five Forces Analysis
  4.1.1 Bargaining Power of Supplier
  4.1.2 Threat of New Entrants
  4.1.3 Threat of Substitutes
  4.1.4 Competitive Rivalry
  4.1.5 Bargaining Power Among Buyers
 4.2 Industry Value Chain Analysis
 4.3 Market Dynamics
  4.3.1 Drivers
  4.3.2 Restraints
  4.3.3 Opportunities
  4.5.4 Challenges
 4.4 Pestle Analysis
 4.5 Technological Roadmap
 4.6 Regulatory Landscape
 4.7 SWOT Analysis
 4.8 Price Trend Analysis
 4.9 Patent Analysis
 4.10 Analysis of the Impact of Covid-19
  4.10.1 Impact on the Overall Market
  4.10.2 Impact on the Supply Chain
  4.10.3 Impact on the Key Manufacturers
  4.10.4 Impact on the Pricing

Chapter 5: Electric Ships Market by Power Source
 5.1 Electric Ships Market Overview Snapshot and Growth Engine
 5.2 Electric Ships Market Overview
 5.3 Hybrid
  5.3.1 Introduction and Market Overview
  5.3.2 Historic and Forecasted Market Size (2016-2028F)
  5.3.3 Key Market Trends, Growth Factors and Opportunities
  5.3.4 Hybrid: Grographic Segmentation
 5.4 Fully Electric
  5.4.1 Introduction and Market Overview
  5.4.2 Historic and Forecasted Market Size (2016-2028F)
  5.4.3 Key Market Trends, Growth Factors and Opportunities
  5.4.4 Fully Electric: Grographic Segmentation

Chapter 6: Electric Ships Market by Autonomy Level
 6.1 Electric Ships Market Overview Snapshot and Growth Engine
 6.2 Electric Ships Market Overview
 6.3 Semi-Autonomous
  6.3.1 Introduction and Market Overview
  6.3.2 Historic and Forecasted Market Size (2016-2028F)
  6.3.3 Key Market Trends, Growth Factors and Opportunities
  6.3.4 Semi-Autonomous: Grographic Segmentation
 6.4 Fully Autonomous
  6.4.1 Introduction and Market Overview
  6.4.2 Historic and Forecasted Market Size (2016-2028F)
  6.4.3 Key Market Trends, Growth Factors and Opportunities
  6.4.4 Fully Autonomous: Grographic Segmentation

Chapter 7: Electric Ships Market by Vessel Type
 7.1 Electric Ships Market Overview Snapshot and Growth Engine
 7.2 Electric Ships Market Overview
 7.3 Commercial
  7.3.1 Introduction and Market Overview
  7.3.2 Historic and Forecasted Market Size (2016-2028F)
  7.3.3 Key Market Trends, Growth Factors and Opportunities
  7.3.4 Commercial: Grographic Segmentation
 7.4 Defense
  7.4.1 Introduction and Market Overview
  7.4.2 Historic and Forecasted Market Size (2016-2028F)
  7.4.3 Key Market Trends, Growth Factors and Opportunities
  7.4.4 Defense: Grographic Segmentation
 7.5 Special
  7.5.1 Introduction and Market Overview
  7.5.2 Historic and Forecasted Market Size (2016-2028F)
  7.5.3 Key Market Trends, Growth Factors and Opportunities
  7.5.4 Special: Grographic Segmentation

Chapter 8: Company Profiles and Competitive Analysis
 8.1 Competitive Landscape
  8.1.1 Competitive Positioning
  8.1.2 Electric Ships Sales and Market Share By Players
  8.1.3 Industry BCG Matrix
  8.1.4 Ansoff Matrix
  8.1.5 Electric Ships Industry Concentration Ratio (CR5 and HHI)
  8.1.6 Top 5 Electric Ships Players Market Share
  8.1.7 Mergers and Acquisitions
  8.1.8 Business Strategies By Top Players
 8.2 ABB
  8.2.1 Company Overview
  8.2.2 Key Executives
  8.2.3 Company Snapshot
  8.2.4 Operating Business Segments
  8.2.5 Product Portfolio
  8.2.6 Business Performance
  8.2.7 Key Strategic Moves and Recent Developments
  8.2.8 SWOT Analysis
 8.3 ECO MARINE POWER CO LTD
 8.4 ANGLO BELGIAN CORPORATION NV
 8.5 BAE SYSTEMS
 8.6 CORVUS ENERGY
 8.7 ECHANDIA MARINE AB
 8.8 EST FLOATTECH
 8.9 GENERAL DYNAMICS ELECTRIC BOAT
 8.10 GENERAL ELECTRI
 8.11 KONGSBERG GRUPPEN
 8.12 LECLANCHÉ SA
 8.13 MAN ENERGY SOLUTIONS
 8.14 NORWEGIAN ELECTRIC SYSTEMS
 8.15 SIEMENS
 8.16 WARTSILA
 8.17 OTHER MAJOR PLAYERS

Chapter 9: Global Electric Ships Market Analysis, Insights and Forecast, 2016-2028
 9.1 Market Overview
 9.2 Historic and Forecasted Market Size By Power Source
  9.2.1 Hybrid
  9.2.2 Fully Electric
 9.3 Historic and Forecasted Market Size By Autonomy Level
  9.3.1 Semi-Autonomous
  9.3.2 Fully Autonomous
 9.4 Historic and Forecasted Market Size By Vessel Type
  9.4.1 Commercial
  9.4.2 Defense
  9.4.3 Special

Chapter 10: North America Electric Ships Market Analysis, Insights and Forecast, 2016-2028
 10.1 Key Market Trends, Growth Factors and Opportunities
 10.2 Impact of Covid-19
 10.3 Key Players
 10.4 Key Market Trends, Growth Factors and Opportunities
 10.4 Historic and Forecasted Market Size By Power Source
  10.4.1 Hybrid
  10.4.2 Fully Electric
 10.5 Historic and Forecasted Market Size By Autonomy Level
  10.5.1 Semi-Autonomous
  10.5.2 Fully Autonomous
 10.6 Historic and Forecasted Market Size By Vessel Type
  10.6.1 Commercial
  10.6.2 Defense
  10.6.3 Special
 10.7 Historic and Forecast Market Size by Country
  10.7.1 U.S.
  10.7.2 Canada
  10.7.3 Mexico

Chapter 11: Europe Electric Ships Market Analysis, Insights and Forecast, 2016-2028
 11.1 Key Market Trends, Growth Factors and Opportunities
 11.2 Impact of Covid-19
 11.3 Key Players
 11.4 Key Market Trends, Growth Factors and Opportunities
 11.4 Historic and Forecasted Market Size By Power Source
  11.4.1 Hybrid
  11.4.2 Fully Electric
 11.5 Historic and Forecasted Market Size By Autonomy Level
  11.5.1 Semi-Autonomous
  11.5.2 Fully Autonomous
 11.6 Historic and Forecasted Market Size By Vessel Type
  11.6.1 Commercial
  11.6.2 Defense
  11.6.3 Special
 11.7 Historic and Forecast Market Size by Country
  11.7.1 Germany
  11.7.2 U.K.
  11.7.3 France
  11.7.4 Italy
  11.7.5 Russia
  11.7.6 Spain
  11.7.7 Rest of Europe

Chapter 12: Asia-Pacific Electric Ships Market Analysis, Insights and Forecast, 2016-2028
 12.1 Key Market Trends, Growth Factors and Opportunities
 12.2 Impact of Covid-19
 12.3 Key Players
 12.4 Key Market Trends, Growth Factors and Opportunities
 12.4 Historic and Forecasted Market Size By Power Source
  12.4.1 Hybrid
  12.4.2 Fully Electric
 12.5 Historic and Forecasted Market Size By Autonomy Level
  12.5.1 Semi-Autonomous
  12.5.2 Fully Autonomous
 12.6 Historic and Forecasted Market Size By Vessel Type
  12.6.1 Commercial
  12.6.2 Defense
  12.6.3 Special
 12.7 Historic and Forecast Market Size by Country
  12.7.1 China
  12.7.2 India
  12.7.3 Japan
  12.7.4 Singapore
  12.7.5 Australia
  12.7.6 New Zealand
  12.7.7 Rest of APAC

Chapter 13: Middle East & Africa Electric Ships Market Analysis, Insights and Forecast, 2016-2028
 13.1 Key Market Trends, Growth Factors and Opportunities
 13.2 Impact of Covid-19
 13.3 Key Players
 13.4 Key Market Trends, Growth Factors and Opportunities
 13.4 Historic and Forecasted Market Size By Power Source
  13.4.1 Hybrid
  13.4.2 Fully Electric
 13.5 Historic and Forecasted Market Size By Autonomy Level
  13.5.1 Semi-Autonomous
  13.5.2 Fully Autonomous
 13.6 Historic and Forecasted Market Size By Vessel Type
  13.6.1 Commercial
  13.6.2 Defense
  13.6.3 Special
 13.7 Historic and Forecast Market Size by Country
  13.7.1 Turkey
  13.7.2 Saudi Arabia
  13.7.3 Iran
  13.7.4 UAE
  13.7.5 Africa
  13.7.6 Rest of MEA

Chapter 14: South America Electric Ships Market Analysis, Insights and Forecast, 2016-2028
 14.1 Key Market Trends, Growth Factors and Opportunities
 14.2 Impact of Covid-19
 14.3 Key Players
 14.4 Key Market Trends, Growth Factors and Opportunities
 14.4 Historic and Forecasted Market Size By Power Source
  14.4.1 Hybrid
  14.4.2 Fully Electric
 14.5 Historic and Forecasted Market Size By Autonomy Level
  14.5.1 Semi-Autonomous
  14.5.2 Fully Autonomous
 14.6 Historic and Forecasted Market Size By Vessel Type
  14.6.1 Commercial
  14.6.2 Defense
  14.6.3 Special
 14.7 Historic and Forecast Market Size by Country
  14.7.1 Brazil
  14.7.2 Argentina
  14.7.3 Rest of SA

Chapter 15 Investment Analysis

Chapter 16 Analyst Viewpoint and Conclusion

Global Electric Ships Market

Base Year:

2021

Forecast Period:

2022-2028

Historical Data:

2016 to 2020

Market Size in 2021:

USD 5.10 Bn.

Forecast Period 2022-28 CAGR:

10.9%

Market Size in 2028:

USD 10.52 Bn.

Segments Covered:

By Power Source

  • Hybrid
  • Fully Electric

By Autonomy Level

  • Semi-Autonomous
  • Fully Autonomous

By Vessel Type

  • Commercial
  • Defense
  • Special

By Region

  • North America (U.S., Canada, Mexico)
  • Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
  • Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
  • Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
  • South America (Brazil, Argentina, Rest of SA)

Key Market Drivers:

  • Rapid Expansion in Seaborne Trade

Key Market Restraints:

  • High Installation Cost of an Electric Propulsion System

Key Opportunities:

  • The Increasing Popularity of Cruises, Yachts, and Personalized Boats

Companies Covered in the report:

  • ABB (Switzerland), ECO Marine Power Co Ltd. (UK), Anglo Belgian Corporation NV (Belgium), Bae Systems (UK), Corvus Energy (Canada), and Other major players.

LIST OF TABLES

TABLE 001. EXECUTIVE SUMMARY
TABLE 002. ELECTRIC SHIPS MARKET BARGAINING POWER OF SUPPLIERS
TABLE 003. ELECTRIC SHIPS MARKET BARGAINING POWER OF CUSTOMERS
TABLE 004. ELECTRIC SHIPS MARKET COMPETITIVE RIVALRY
TABLE 005. ELECTRIC SHIPS MARKET THREAT OF NEW ENTRANTS
TABLE 006. ELECTRIC SHIPS MARKET THREAT OF SUBSTITUTES
TABLE 007. ELECTRIC SHIPS MARKET BY POWER SOURCE
TABLE 008. HYBRID MARKET OVERVIEW (2016-2028)
TABLE 009. FULLY ELECTRIC MARKET OVERVIEW (2016-2028)
TABLE 010. ELECTRIC SHIPS MARKET BY AUTONOMY LEVEL
TABLE 011. SEMI-AUTONOMOUS MARKET OVERVIEW (2016-2028)
TABLE 012. FULLY AUTONOMOUS MARKET OVERVIEW (2016-2028)
TABLE 013. ELECTRIC SHIPS MARKET BY VESSEL TYPE
TABLE 014. COMMERCIAL MARKET OVERVIEW (2016-2028)
TABLE 015. DEFENSE MARKET OVERVIEW (2016-2028)
TABLE 016. SPECIAL MARKET OVERVIEW (2016-2028)
TABLE 017. NORTH AMERICA ELECTRIC SHIPS MARKET, BY POWER SOURCE (2016-2028)
TABLE 018. NORTH AMERICA ELECTRIC SHIPS MARKET, BY AUTONOMY LEVEL (2016-2028)
TABLE 019. NORTH AMERICA ELECTRIC SHIPS MARKET, BY VESSEL TYPE (2016-2028)
TABLE 020. N ELECTRIC SHIPS MARKET, BY COUNTRY (2016-2028)
TABLE 021. EUROPE ELECTRIC SHIPS MARKET, BY POWER SOURCE (2016-2028)
TABLE 022. EUROPE ELECTRIC SHIPS MARKET, BY AUTONOMY LEVEL (2016-2028)
TABLE 023. EUROPE ELECTRIC SHIPS MARKET, BY VESSEL TYPE (2016-2028)
TABLE 024. ELECTRIC SHIPS MARKET, BY COUNTRY (2016-2028)
TABLE 025. ASIA PACIFIC ELECTRIC SHIPS MARKET, BY POWER SOURCE (2016-2028)
TABLE 026. ASIA PACIFIC ELECTRIC SHIPS MARKET, BY AUTONOMY LEVEL (2016-2028)
TABLE 027. ASIA PACIFIC ELECTRIC SHIPS MARKET, BY VESSEL TYPE (2016-2028)
TABLE 028. ELECTRIC SHIPS MARKET, BY COUNTRY (2016-2028)
TABLE 029. MIDDLE EAST & AFRICA ELECTRIC SHIPS MARKET, BY POWER SOURCE (2016-2028)
TABLE 030. MIDDLE EAST & AFRICA ELECTRIC SHIPS MARKET, BY AUTONOMY LEVEL (2016-2028)
TABLE 031. MIDDLE EAST & AFRICA ELECTRIC SHIPS MARKET, BY VESSEL TYPE (2016-2028)
TABLE 032. ELECTRIC SHIPS MARKET, BY COUNTRY (2016-2028)
TABLE 033. SOUTH AMERICA ELECTRIC SHIPS MARKET, BY POWER SOURCE (2016-2028)
TABLE 034. SOUTH AMERICA ELECTRIC SHIPS MARKET, BY AUTONOMY LEVEL (2016-2028)
TABLE 035. SOUTH AMERICA ELECTRIC SHIPS MARKET, BY VESSEL TYPE (2016-2028)
TABLE 036. ELECTRIC SHIPS MARKET, BY COUNTRY (2016-2028)
TABLE 037. ABB: SNAPSHOT
TABLE 038. ABB: BUSINESS PERFORMANCE
TABLE 039. ABB: PRODUCT PORTFOLIO
TABLE 040. ABB: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 040. ECO MARINE POWER CO LTD: SNAPSHOT
TABLE 041. ECO MARINE POWER CO LTD: BUSINESS PERFORMANCE
TABLE 042. ECO MARINE POWER CO LTD: PRODUCT PORTFOLIO
TABLE 043. ECO MARINE POWER CO LTD: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 043. ANGLO BELGIAN CORPORATION NV: SNAPSHOT
TABLE 044. ANGLO BELGIAN CORPORATION NV: BUSINESS PERFORMANCE
TABLE 045. ANGLO BELGIAN CORPORATION NV: PRODUCT PORTFOLIO
TABLE 046. ANGLO BELGIAN CORPORATION NV: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 046. BAE SYSTEMS: SNAPSHOT
TABLE 047. BAE SYSTEMS: BUSINESS PERFORMANCE
TABLE 048. BAE SYSTEMS: PRODUCT PORTFOLIO
TABLE 049. BAE SYSTEMS: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 049. CORVUS ENERGY: SNAPSHOT
TABLE 050. CORVUS ENERGY: BUSINESS PERFORMANCE
TABLE 051. CORVUS ENERGY: PRODUCT PORTFOLIO
TABLE 052. CORVUS ENERGY: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 052. ECHANDIA MARINE AB: SNAPSHOT
TABLE 053. ECHANDIA MARINE AB: BUSINESS PERFORMANCE
TABLE 054. ECHANDIA MARINE AB: PRODUCT PORTFOLIO
TABLE 055. ECHANDIA MARINE AB: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 055. EST FLOATTECH: SNAPSHOT
TABLE 056. EST FLOATTECH: BUSINESS PERFORMANCE
TABLE 057. EST FLOATTECH: PRODUCT PORTFOLIO
TABLE 058. EST FLOATTECH: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 058. GENERAL DYNAMICS ELECTRIC BOAT: SNAPSHOT
TABLE 059. GENERAL DYNAMICS ELECTRIC BOAT: BUSINESS PERFORMANCE
TABLE 060. GENERAL DYNAMICS ELECTRIC BOAT: PRODUCT PORTFOLIO
TABLE 061. GENERAL DYNAMICS ELECTRIC BOAT: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 061. GENERAL ELECTRI: SNAPSHOT
TABLE 062. GENERAL ELECTRI: BUSINESS PERFORMANCE
TABLE 063. GENERAL ELECTRI: PRODUCT PORTFOLIO
TABLE 064. GENERAL ELECTRI: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 064. KONGSBERG GRUPPEN: SNAPSHOT
TABLE 065. KONGSBERG GRUPPEN: BUSINESS PERFORMANCE
TABLE 066. KONGSBERG GRUPPEN: PRODUCT PORTFOLIO
TABLE 067. KONGSBERG GRUPPEN: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 067. LECLANCHÉ SA: SNAPSHOT
TABLE 068. LECLANCHÉ SA: BUSINESS PERFORMANCE
TABLE 069. LECLANCHÉ SA: PRODUCT PORTFOLIO
TABLE 070. LECLANCHÉ SA: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 070. MAN ENERGY SOLUTIONS: SNAPSHOT
TABLE 071. MAN ENERGY SOLUTIONS: BUSINESS PERFORMANCE
TABLE 072. MAN ENERGY SOLUTIONS: PRODUCT PORTFOLIO
TABLE 073. MAN ENERGY SOLUTIONS: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 073. NORWEGIAN ELECTRIC SYSTEMS: SNAPSHOT
TABLE 074. NORWEGIAN ELECTRIC SYSTEMS: BUSINESS PERFORMANCE
TABLE 075. NORWEGIAN ELECTRIC SYSTEMS: PRODUCT PORTFOLIO
TABLE 076. NORWEGIAN ELECTRIC SYSTEMS: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 076. SIEMENS: SNAPSHOT
TABLE 077. SIEMENS: BUSINESS PERFORMANCE
TABLE 078. SIEMENS: PRODUCT PORTFOLIO
TABLE 079. SIEMENS: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 079. WARTSILA: SNAPSHOT
TABLE 080. WARTSILA: BUSINESS PERFORMANCE
TABLE 081. WARTSILA: PRODUCT PORTFOLIO
TABLE 082. WARTSILA: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 082. OTHER MAJOR PLAYERS: SNAPSHOT
TABLE 083. OTHER MAJOR PLAYERS: BUSINESS PERFORMANCE
TABLE 084. OTHER MAJOR PLAYERS: PRODUCT PORTFOLIO
TABLE 085. OTHER MAJOR PLAYERS: KEY STRATEGIC MOVES AND DEVELOPMENTS

LIST OF FIGURES

FIGURE 001. YEARS CONSIDERED FOR ANALYSIS
FIGURE 002. SCOPE OF THE STUDY
FIGURE 003. ELECTRIC SHIPS MARKET OVERVIEW BY REGIONS
FIGURE 004. PORTER'S FIVE FORCES ANALYSIS
FIGURE 005. BARGAINING POWER OF SUPPLIERS
FIGURE 006. COMPETITIVE RIVALRYFIGURE 007. THREAT OF NEW ENTRANTS
FIGURE 008. THREAT OF SUBSTITUTES
FIGURE 009. VALUE CHAIN ANALYSIS
FIGURE 010. PESTLE ANALYSIS
FIGURE 011. ELECTRIC SHIPS MARKET OVERVIEW BY POWER SOURCE
FIGURE 012. HYBRID MARKET OVERVIEW (2016-2028)
FIGURE 013. FULLY ELECTRIC MARKET OVERVIEW (2016-2028)
FIGURE 014. ELECTRIC SHIPS MARKET OVERVIEW BY AUTONOMY LEVEL
FIGURE 015. SEMI-AUTONOMOUS MARKET OVERVIEW (2016-2028)
FIGURE 016. FULLY AUTONOMOUS MARKET OVERVIEW (2016-2028)
FIGURE 017. ELECTRIC SHIPS MARKET OVERVIEW BY VESSEL TYPE
FIGURE 018. COMMERCIAL MARKET OVERVIEW (2016-2028)
FIGURE 019. DEFENSE MARKET OVERVIEW (2016-2028)
FIGURE 020. SPECIAL MARKET OVERVIEW (2016-2028)
FIGURE 021. NORTH AMERICA ELECTRIC SHIPS MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 022. EUROPE ELECTRIC SHIPS MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 023. ASIA PACIFIC ELECTRIC SHIPS MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 024. MIDDLE EAST & AFRICA ELECTRIC SHIPS MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 025. SOUTH AMERICA ELECTRIC SHIPS MARKET OVERVIEW BY COUNTRY (2016-2028)

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Frequently Asked Questions :

What would be the forecast period in the Electric Ships Market research report?

The forecast period in the Electric Ships Market research report is 2022-2028.

Who are the key players in Electric Ships Market?

ABB (Switzerland), ECO Marine Power Co Ltd. (UK), Anglo Belgian Corporation NV (Belgium), Bae Systems (UK), Corvus Energy (Canada), Echandia Marine AB (Sweden), EST Floattech (Netherlands), General Dynamics Electric Boat (US), General Electric (US), Kongsberg Gruppen (Norway), Leclanché SA (Switzerland), Man Energy Solutions (Germany), Norwegian Electric Systems (Norway), Siemens (Germany), Wartsila (Finland), and other major players.

What are the segments of the Electric Ships Market?

The Electric Ships Market is segmented into power source, autonomy level, vessel type, and region. By Power Source, the market is categorized into Hybrid and Fully Electric. By Autonomy Level, the market is categorized into Semi-Autonomous and Fully Autonomous. By Vessel Type, the market is categorized into Commercial, Defense, and Special. By region, it is analyzed across North America (U.S.; Canada; Mexico), Europe (Germany; U.K.; France; Italy; Russia; Spain, etc.), Asia-Pacific (China; India; Japan; Southeast Asia, etc.), South America (Brazil; Argentina, etc.), Middle East & Africa (Saudi Arabia; South Africa, etc.).

What is the Electric Ships Market?

Fully electric ships use lead-corrosive or lithium batteries, power modules or solar energy as a force source. Hybrid electric ships show less contamination when compared to the traditional marine drive systems which consume large-scale oil.

How big is the Electric Ships Market?

The Electric Ships Market was valued at USD 5.10 Billion in 2021 and is projected to reach USD 10.52 Billion by 2028, growing at a CAGR of 10.9% from 2022 to 2028.