Electric Ship Market

Electric Ship Market by Type (Fully electric, Hybrid), Ship Type (Commercial, Defense), System, Mode of Operation (Manned, Remotely Operated, Autonomous), End Use (Newbuild & Linefit, Retrofit), Power, Tonnage, Range and Region Global Forecast to 2030

Report Code: AS 7444 Mar, 2023, by marketsandmarkets.com

[363 Pages Report] The Electric Ship market size is expected to reach USD 14.2 Billion by 2030 from USD 3.3 Billion in 2022 growing at a CAGR of 20.0% from 2022 to 2030. The key factor driving the growth of the worldwide Electric Ship market is the increase in global commercial trade and the adoption in hybrid and fully-electric vessels.

Electric Ship Market

Electric Ship Market

Electric Ship Market Forecast to 2030

To know about the assumptions considered for the study, Request for Free Sample Report

Electric Ship Market Dynamics

Driver: Need for reduction in carbon emmissions

Carbon emissions are one of the main drivers of the electric ships market. The shipping industry is responsible for around 2-3% of global greenhouse gas emissions, and this figure is expected to increase as global trade and shipping volumes continue to grow. Carbon emissions contribute to climate change, which can have significant and far-reaching impacts on ecosystems, economies, and societies. To address this issue, governments around the world have implemented regulations and targets aimed at reducing carbon emissions from the shipping industry. Shipping companies will need to invest in low-carbon technologies, such as electric ships. These ships emit little to no greenhouse gases during operation, depending on the source of electricity used to charge the batteries. This makes them an attractive option for companies looking to reduce their carbon footprint and comply with environmental regulations.

Electric ships also have the potential to mitigate climate change. In addition to reducing carbon emissions, they can also help shipping companies to adapt to the changing regulatory landscape and stay ahead of competitors in an increasingly environmentally conscious market. By investing in electric ships, companies can position themselves as leaders in sustainable shipping and gain a competitive advantage in the market.

According to the International Maritime Organization (IMO), the shipping industry is responsible for around 2-3% of global greenhouse gas emissions, with emissions expected to increase by up to 250% by 2050 if no action is taken.

To address this issue, the IMO has set a target of reducing shipping emissions by at least 50% by 2050 compared to 2008 levels. This target is in line with the Paris Agreement's goal of limiting global warming to well below 2º Celsius above pre-industrial levels. In addition, several countries have implemented regulations aimed at reducing emissions from the shipping industry. For example, the European Union's Emissions Trading System (ETS) includes shipping emissions, and the United States Environmental Protection Agency (EPA) has set emission standards for new marine diesel engines. As for the potential impact of electric ships on reducing emissions, studies have shown that electric ships can significantly reduce greenhouse gas emissions compared to traditional ships. For example, a study by the International Council on Clean Transportation (ICCT) found that battery-electric ferries emit up to 94% less greenhouse gases per kilometer than diesel-powered ferries. Another study by the Swedish Transport Administration found that the use of electric ships could reduce greenhouse gas emissions from the country's domestic shipping sector by up to 70%. These numbers demonstrate the significant impact that carbon emissions have on the electric ships market, as governments and companies alike seek to reduce their environmental impact and comply with regulations.

Overall, carbon emissions are a significant driver of the electric ships market, and the industry is likely to continue to grow as companies and governments look for ways to reduce their environmental impact and comply with regulations.

Restraint Long downtime in retrofitting ships

The shipping industry plays an essential role in global economic growth, as it is a crucial part of the international import and export markets. With increasing climatic changes, there is a need for a reduction in emissions of greenhouse gases from ships. However, the installation of alternate propulsion or scrubbers is a time-consuming and expensive process. Ship operations need to be halted when changing the propulsion system and installing scrubbers, which could result in revenue loss.

Shipowners with big revenue pockets can incur the retrofit cost; however, for small operators, it would be challenging to retrofit ships due to budget constraints. The installation costs depend on the system that is installed to retrofit the ship’s propulsion. Shipowners incur not only retrofitting costs but also the cost related to additional yard time due to efforts of removing and transforming the engine room. Further, there is a downtime of around 1 to 2 months due to lack of dock availability, which eventually can lead to revenue loss, thereby restraining the electric ships market.

Opportunity: Hybrid propulsion technology for large ships

Storage of energy is essential to optimize its use in hybrid ships; it is also critical for the use of electric propulsion. Propulsion systems powered by batteries are designed for and commonly used in smaller ships, while engine manufacturers are focusing on hybrid battery solutions for larger vessels. Parameters such as safety, availability of materials used, and durability should be checked and ensured that battery-driven vessels are competitive as compared to conventional ones.

With rapid advancements in technology, there are energy storage technologies such as flywheels, supercapacitors, and thermal energy storage devices that could find applications in the shipping industry in the coming years. Energy storage companies are continuously experimenting to develop batteries that can be cheaper, denser, lighter, and more powerful. Some of the potential battery technologies that can be used as an alternative to lithium-ion batteries are silicon-based batteries, room-temperature sodium-sulfur (RT-NaS) batteries, proton batteries, graphite dual-ion batteries, aluminum-ion batteries, nickel-zinc batteries, potassium-ion batteries, salt-water batteries, paper-polymer batteries, and magnesium batteries.

For example, Saft (now acquired by Total) (France)is working on three new battery technologies—lithium-ion (li-ion), lithium-sulfur, and solid-state batteries. In August 2019, Asahi Tanker Co.(Japan), Exeno Yamamizu Corp. (Japan), Mitsui O.S.K. Lines Ltd (Japan), and Mitsubishi Corp (Japan) teamed up to build the world’s first zero-emission tanker which was completed by 2022  which  was   powered by large-capacity batteries propulsion of Kawasaki Heavy Industries, Ltd. and will be operated in Tokyo Bay. e5 Lab Inc. was  another venture between Asahi Tanker Co., Exeno Yamamizu Corp., Mitsui O.S.K. Lines Ltd., and Mitsubishi Corp. Since lithium batteries cannot produce enough power to drive big ships such as cargo vessels and container ships, battery manufacturers have an opportunity to work on new technologies to target large ships.

Challenge: High initial capital expenditure

Retrofitting ships with electric or hybrid propulsion systems is both, time-consuming and expensive. The capital expenditure required to retrofit the ship alone is high, and depending on the type of ship and configuration taken, it can cost millions of dollars. Revenue loss due to the non-operation of their existing ships is an added factor to consider during retrofitting.

Leclanché (switzerland ) estimates that for passenger ferries, an average payback period would be between 5 to 6 years on the investment made. Thus, ship owners need to look at the current expected life of the ship, the ability for the ship to earn enough to recover the capital expenditure within the least amount of time, and the scrap value at the end of the life to help reduce capital expenditure. Thus, it becomes a better option for ship owners to scrap their current ship and purchase a new ship, which will last for 10-15 years. Shipowners are suffering a huge reduction in profits, and hence, they do not want to invest in assets that cannot be used in the future due to changing regulations.

Electric Ship Market Ecosystem

Prominent companies in this market include well-established, financially stable manufacturers of Electric Ship. These companies have been operating in the market for several years and possess a diversified product portfolio, state-of-the-art technologies, and strong global sales and marketing networks. The prominent companies are ABB (Switzerland), Leclanché S.A. (Switzerland), Siemens AG (Germany), Wartsila (Finland) and Kongsberg Gruppen (Norway). Commercial Passenger vessel operators, cargo operators, oil tanker operators, private cruise liners, global naval forces, and chartered operators are some of the leading consumers of Electric Ship solutions.

Electric Ship Market by Ecosystem

Commercial Segment to dominate market share during the forecast period

Based on Ship Type, the Electric Ship market has been segmented into commercial and defense. Commercial vessels, especially commercial passenger vessels, are witnessing increasing adoption of electric ship solutions as they are mostly inland vessels that travel less distance compared to cargo ships. Under passenger vessels, passenger ferries are witnessing largest growth.

Hybrid electric segment expected to the electric ship market during the forecast period

Based on type, the hybrid electric segment is expected to dominate the market during the forecast period. Due to the challenge of having lower range and lower battery capacity more developments are being made in Hybrid Electric propulsion type. Hybrid propulsion not only allows reduced emissions but also helps in increased range and handling higher load requirements.

500 – 5000 DWT segment to witness higher growth during the forecast period

Based on tonnage, the electric ship market has been classified into <500 DWT, 500-5000 DWT, 5001-15000 DWT, and >15000 DWT. Small container vessels, roll-on, and roll-off vessels for wheeled cargo are considered under the 500–5,000 DWT category. Container vessels are one of the most widley used modes of transportation and one of the most pollution-causing vessels. Hence, they were the first to get a fully electric set up to reduce marine pollution.

OEM to acquire the largest market share during the forecast period

Based on End Use, the Electric Shio market has been classified into Newbuild & Linefit, and Retrofit. Currently, electric ships use a diesel-electric hybrid system, which is mostly used by offshore and cruise vessels. The demand for electric ships has been increasing every year due to the increase in offshore exploration and the need for energy-efficient ships. Norway is setting an example across the world by heavily investing in ship electrification.

Europe is projected to witness the highest market share during the forecast period

Europe leads the electric ship market due presence of big players, OEMs, and component manufacturers which are some of the factors expected to boost the growth of the electric ship market in the region. These players continuously invest in R&D to develop electric ship solution with improved efficiency and reliability. Additionally, the growing demand for electric shipping solutions for civil & commercial applications and their increasing utility in the defense sector for carrying out persistent transport and surveillance activities are additional factors influencing the growth of the European Electric Ship market. Key manufacturers and suppliers of Electric Ship in this region include ABB (Switzerland), Leclanché S.A. (Switzerland), Siemens AG (Germany), Wartsila (Finland) and Kongsberg Gruppen (Norway).

Electric Ship Market by Region

Electric Ship Market by Region

To know about the assumptions considered for the study, download the pdf brochure

Top Electric Ship Companies - Key Market Players

The Electric Ship Companies are dominated by globally established players such as ABB (Switzerland), Leclanché S.A. (Switzerland), Siemens AG (Germany), Wartsila (Finland) and Kongsberg Gruppen (Norway).

Get online access to the report on the World's First Market Intelligence Cloud

  • Easy to Download Historical Data & Forecast Numbers
  • Company Analysis Dashboard for high growth potential opportunities
  • Research Analyst Access for customization & queries
  • Competitor Analysis with Interactive dashboard
  • Latest News, Updates & Trend analysis
Request Sample

Scope of the Report

Report Metric

Details

Market size available for years

2018-2030

Base year considered

2021

Forecast period

2022-2030

Forecast units

Value (USD Million/Billion)

Segments  Covered

Type, Ship Type, System, Mode of Operation , End Use , Power, Tonnage, Range and Region

Geographies Covered

North America, Europe, Asia-Pacific, Rest of the World

Companies Covered

ABB (Switzerland), Leclanché S.A. (Switzerland), Siemens AG (Germany), Wartsila (Finland) and Kongsberg Gruppen (Norway

Electric Ship Market Highlights

This research report categorizes the Electric Ship market based on Type, Ship Type, System, Mode of Operation , End Use , Power, Tonnage, Range and Region

Segment

Subsegment

Electric Ship Market, By Ship Type

  • Commercial
  • Defense

Electric Ship Market, By Type

  • Hybrid
  • Fully Electric

Electric Ship Market, By System

  • Energy Storage
  • Power Conversion
  • Power Generation
  • Power Distribution

Electric Ship Market, By Mode of Operation

  • Manned
  • Remotely Operated
  • Autonomous

Electric Ship Market, By Power

  • < 75 kW
  • 75-150 kW
  • 150-745 kW
  • 745-7,560 kW
  • > 7,560 kW

Electric Ship Market, By End Use

  • Newbuild & Line Fit
  • Retrofit

Electric Ship Market, By Tonnage

  • <500 DWT
  • 500–5,000 DWT
  • 5,001–15,000 DWT
  • >15,000 DWT

Electric Ship Market, By Range

  • <50 km
  • 50–100 km
  • 101–1,000 km
  • >1,000 km

Electric Ship Market, By Region

  • North America
  • Europe
  • Asia Pacific
  • Rest of the World

Recent Developments

  • In March 2023, Wärtsilä will supply the main propulsion machinery, as well as a range of other equipment and systems for two new 110-meter-long amphibious transport vessels being built for the Chilean Navy. The order was placed by Astilleros y Maestranzas de la Armada (Asmar), the state-owned shipyard constructing the vessels..
  • In February 2023, Kongsberg Maritime (KONGSBERG) will provide a suite of equipment to a newbuild ship named SDO-SuRS (Special and Diving Operations - Submarine Rescue Ship) to be built by the Italian shipyard T.Mariotti for Marina Militare Italiana (The Italian Navy).
  • In February 2023, GE's local subsidiary in India signed a contract with Cochin Shipyard to provide a comprehensive digital solutions package to enhance the capabilities of the LM2500 marine gas turbines that power the Indian Navy's first Indigenous Aircraft Carrier-1 (IAC-1) Vikrant, which was commissioned in August 2022.
  • In January 2023, Leclanché received orders for 22.6 MWh of battery systems from Stena RoRo and Brittany Ferries for next-generation hybrid ferries in the maritime industry.

Frequently Asked Questions (FAQ):

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

TABLE OF CONTENTS
 
1 INTRODUCTION (Page No. - 42)
    1.1 STUDY OBJECTIVES 
    1.2 MARKET DEFINITION 
           1.2.1 MARKETS COVERED
           1.2.2 REGIONAL SCOPE
           1.2.3 YEARS CONSIDERED
    1.3 CURRENCY & PRICING 
           TABLE 1 USD EXCHANGE RATES, 2019–2021
    1.4 LIMITATIONS 
    1.5 INCLUSIONS & EXCLUSIONS 
    1.6 MARKET STAKEHOLDERS 
    1.7 SUMMARY OF CHANGES 
 
2 RESEARCH METHODOLOGY (Page No. - 47)
    2.1 RESEARCH DATA 
           FIGURE 1 REPORT PROCESS FLOW
           FIGURE 2 ELECTRIC SHIPS MARKET: RESEARCH DESIGN
           2.1.1 SECONDARY DATA
                    2.1.1.1 Key data from secondary sources
           2.1.2 PRIMARY DATA
                    2.1.2.1 Key data from primary sources
    2.2 RECESSION IMPACT ANALYSIS 
           2.2.1 DEMAND-SIDE ANALYSIS
                    FIGURE 3 US: NAVAL DEFENSE BUDGET
                    FIGURE 4 BREAKDOWN OF US NAVAL DEFENSE BUDGET
           2.2.2 SUPPLY-SIDE ANALYSIS
                    FIGURE 5 QUARTERLY REVENUE OF TOP THREE COMPANIES
    2.3 FACTOR ANALYSIS 
           2.3.1 INTRODUCTION
           2.3.2 DEMAND-SIDE INDICATORS
                    2.3.2.1 Growing maritime tourism industry
           2.3.3 SUPPLY-SIDE INDICATORS
                    2.3.3.1 Advanced batteries for electric ships
           2.3.4 KEY PRIMARY DETAILS
                    TABLE 2 PRIMARY DETAILS
    2.4 MARKET SIZE ESTIMATION & METHODOLOGY 
           2.4.1 BOTTOM-UP APPROACH
                    2.4.1.1 Regional electric ships market
                    2.4.1.2 Electric ships: demand-side analysis
                               FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
           2.4.2 TOP-DOWN APPROACH
                    FIGURE 7 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
    2.5 DATA TRIANGULATION 
           FIGURE 8 DATA TRIANGULATION: ELECTRIC SHIPS MARKET
    2.6 PRICING ANALYSIS 
    2.7 MARKET SIZING & FORECASTING 
           TABLE 3 RESEARCH ASSUMPTIONS
    2.8 LIMITATIONS 
    2.9 LIST OF SOURCES 
           TABLE 4 PUBLICATIONS & ORDER BOOKS OF SHIPYARDS/COMPONENT SUPPLIERS/REGULATORY PUBLICATIONS CONSIDERED FOR MARKET STUDY
           TABLE 5 MAGAZINES/PRESS RELEASES/NEWSLETTERS REFERRED TO FOR MARKET STUDY
 
3 EXECUTIVE SUMMARY (Page No. - 64)
    FIGURE 9 HYBRID ELECTRIC SHIPS EXPECTED TO DOMINATE MARKET IN 2022
    FIGURE 10 MANNED SEGMENT PROJECTED TO LEAD ELECTRIC SHIPS MARKET FROM 2022 TO 2030
    FIGURE 11 NEWBUILD & LINE FIT SEGMENT TO HOLD LARGEST SHARE DURING FORECAST PERIOD
    FIGURE 12 EUROPE TO COMMAND ELECTRIC SHIPS MARKET IN 2022
 
4 PREMIUM INSIGHTS (Page No. - 67)
    4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN ELECTRIC SHIPS MARKET, 2022–2030 
           FIGURE 13 INCREASING NEED TO REDUCE EMISSIONS DRIVES DEMAND FOR ELECTRIC SHIPS
    4.2 ELECTRIC SHIPS MARKET, BY PASSENGER SHIP TYPE 
           FIGURE 14 FERRIES TO LEAD MARKET DURING FORECAST PERIOD
    4.3 ELECTRIC SHIPS MARKET, BY RANGE 
           FIGURE 15 50–100 KM SEGMENT EXPECTED TO LEAD MARKET DURING FORECAST PERIOD
    4.4 ELECTRIC SHIPS MARKET, BY COUNTRY 
           FIGURE 16 MARKET IN FINLAND PROJECTED TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
 
5 MARKET OVERVIEW (Page No. - 69)
    5.1 INTRODUCTION 
    5.2 ROADMAP OF MARINE ELECTRIFICATION 
           TABLE 6 MILESTONES IN IMPLEMENTATION PLAN FOR ELECTRIFICATION IN MARINE TRANSPORT (2025-2035-2050)
    5.3 MARKET DYNAMICS 
           FIGURE 17 ELECTRIC SHIPS MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
           5.3.1 DRIVERS
                    5.3.1.1 Implementation of IMO Sulphur 2020 regulation
                               TABLE 7 SULFUR CONTENT REGULATIONS IN BUNKER FUEL
                    5.3.1.2 Rise in adoption of hybrid and electric propulsion to retrofit ships
                    5.3.1.3 Increase in seaborne trade across globe
                    5.3.1.4 Growing maritime tourism industry
                               FIGURE 18 GLOBAL CRUISE INDUSTRY, BY REGION, 2021
                    5.3.1.5 Development of lithium-ion batteries
                               FIGURE 19 MOST COMMON LITHIUM-ION BATTERIES WITH KEY FEATURES
                               TABLE 8 CURRENT BATTERY CAPACITY AND REQUIREMENTS OF SHIPS
                    5.3.1.6 Need for reduction in carbon emissions
                    5.3.1.7 Reduction in overall operating costs of ships
           5.3.2 RESTRAINTS
                    5.3.2.1 Long downtime in retrofitting ships
                    5.3.2.2 Limited range and capacity of fully electric ships
           5.3.3 OPPORTUNITIES
                    5.3.3.1 Potential of high-powered batteries
                               FIGURE 20 RELATIVE FEASIBILITY OF DIFFERENT ENERGY STORAGE TECHNOLOGIES
                    5.3.3.2 Potential for battery charging via renewable sources of energy
                    5.3.3.3 Hybrid propulsion technology for large ships
           5.3.4 CHALLENGES
                    5.3.4.1 Inadequate charging infrastructure
                    5.3.4.2 High initial capital expenditure
    5.4 PRICING ANALYSIS 
           TABLE 9 CASE 1: CAPITAL EXPENDITURE, SAVINGS, AND PAYBACK
           TABLE 10 CASE 2: CAPITAL EXPENDITURE, SAVINGS, AND PAYBACK
           TABLE 11 CASE 3: CAPITAL EXPENDITURE, SAVINGS, AND PAYBACK
           TABLE 12 AVERAGE SELLING PRICE OF ELECTRIC SHIPPING HARDWARE (USD MILLION)
    5.5 VALUE CHAIN ANALYSIS 
           FIGURE 21 VALUE CHAIN ANALYSIS: ELECTRIC SHIPS MARKET
    5.6 MARKET ECOSYSTEM MAP 
           FIGURE 22 ELECTRIC SHIPS MARKET: ECOSYSTEM MAP
    5.7 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS 
           5.7.1 REVENUE SHIFT AND NEW REVENUE POCKETS FOR ELECTRIC SHIPS MARKET
                    FIGURE 23 REVENUE SHIFT IN ELECTRIC SHIPS MARKET
    5.8 PORTER'S FIVE FORCES ANALYSIS 
           FIGURE 24 PORTER'S FIVE FORCES ANALYSIS OF ELECTRIC SHIPS MARKET
           TABLE 13 PORTER'S FIVE FORCES ANALYSIS
           5.8.1 THREAT OF NEW ENTRANTS
           5.8.2 THREAT OF SUBSTITUTES
           5.8.3 BARGAINING POWERS OF SUPPLIERS
           5.8.4 BARGAINING POWERS OF BUYERS
           5.8.5 INTENSITY OF COMPETITIVE RIVALRY
    5.9 TRADE ANALYSIS: IMPORT/EXPORT DATA 
           5.9.1 INTERNATIONAL MARITIME TRADE DATA, 2010–2019
                    FIGURE 25 DEVELOPMENT OF INTERNATIONAL MARITIME TRADE (2010–2019)
           5.9.2 WORLD SEABORNE TRADE, 2015–2019
                    TABLE 14 WORLD SEABORNE TRADE, 2015–2019
    5.10 RECESSION IMPACT ANALYSIS 
           FIGURE 26 RECESSION IMPACT ANALYSIS
    5.11 CASE STUDY ANALYSIS 
           5.11.1 USE CASE: AURIGA LEADER
           5.11.2 USE CASE: YARA BIRKELAND
           5.11.3 USE CASE: CHANGJIANG SAN XIA 1
           5.11.4 USE CASE: ELLEN
           5.11.5 USE CASE: FUTURE OF THE FJORDS
    5.12 TARIFF AND REGULATORY LANDSCAPE 
    5.13 KEY STAKEHOLDERS AND BUYING CRITERIA 
           5.13.1 KEY STAKEHOLDERS IN BUYING PROCESS
                     FIGURE 27 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS OF ELECTRIC SHIP PRODUCTS AND SYSTEMS
                     TABLE 15 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS OF ELECTRIC SHIP PRODUCTS AND SYSTEMS (%)
           5.13.2 BUYING CRITERIA
                     FIGURE 28 KEY BUYING CRITERIA FOR ELECTRIC SHIP PRODUCTS AND SYSTEMS
                     TABLE 16 KEY BUYING CRITERIA FOR ELECTRIC SHIP PRODUCTS AND SYSTEMS
    5.14 KEY CONFERENCES AND EVENTS, 2023 
           TABLE 17 ELECTRIC SHIPS MARKET: CONFERENCES AND EVENTS IN 2023
 
6 INDUSTRY TRENDS (Page No. - 91)
    6.1 INTRODUCTION 
    6.2 ROADMAP TOWARD EMISSION-FREE SHIPPING INDUSTRY 
           FIGURE 29 ROADMAP TOWARD EMISSION-FREE SHIPPING INDUSTRY
    6.3 PHASING OF MARINE PROPULSION TECHNOLOGIES 
           FIGURE 30 POTENTIAL PHASING OF DIFFERENT PROPULSION TECHNOLOGIES IN MARINE INDUSTRY
    6.4 EMERGING TRENDS 
           FIGURE 31 EMERGING TRENDS
           6.4.1 ELECTRIFICATION OF LEISURE BOATS
           6.4.2 POTENTIAL OF HYBRID TECHNOLOGY
           6.4.3 SOLAR SAILS
           6.4.4 ADVANCED BATTERIES FOR ELECTRIC SHIPS
           6.4.5 HYDROGEN AS ZERO-EMISSION FUEL
           6.4.6 BATTERY-POWERED NAVAL VESSELS
           6.4.7 NEXT-GENERATION SOLID-STATE BATTERY TECHNOLOGY
                    6.4.7.1 Summary of commercial batteries
    6.5 SUPPLY CHAIN ANALYSIS 
           FIGURE 32 ELECTRIC SHIPS: SUPPLY CHAIN
    6.6 ELECTRIC SHIPS MARKET: KEY PATENTS 
 
7 ELECTRIC SHIPS MARKET, BY SHIP TYPE (Page No. - 99)
    7.1 INTRODUCTION 
           FIGURE 33 COMMERCIAL SEGMENT PROJECTED TO DOMINATE ELECTRIC SHIPS MARKET DURING FORECAST PERIOD
           TABLE 18 ELECTRIC SHIPS MARKET, BY SHIP TYPE, 2018–2021 (USD MILLION)
           TABLE 19 ELECTRIC SHIPS MARKET, BY SHIP TYPE, 2022–2030 (USD MILLION)
    7.2 COMMERCIAL 
           TABLE 20 COMMERCIAL ELECTRIC SHIPS MARKET, BY SHIP TYPE, 2018–2021 (USD MILLION)
           TABLE 21 COMMERCIAL ELECTRIC SHIPS MARKET, BY SHIP TYPE, 2022–2030 (USD MILLION)
           7.2.1 PASSENGER VESSELS
                    TABLE 22 ELECTRIC PASSENGER VESSELS MARKET, BY SHIP TYPE, 2018–2021 (USD MILLION)
                    TABLE 23 ELECTRIC PASSENGER VESSELS MARKET, BY SHIP TYPE, 2022–2030 (USD MILLION)
                    TABLE 24 ELECTRIC PASSENGER VESSELS VOLUME (UNITS)
                    TABLE 25 ELECTRIC CARGO VESSELS VOLUME (UNITS)
                    TABLE 26 OTHER COMMERCIAL ELECTRIC VESSELS VOLUME (UNITS)
                    7.2.1.1 Yachts
                               7.2.1.1.1 Solar power used to charge batteries of fully electric yachts
                    7.2.1.2 Ferries
                               7.2.1.2.1 High adoption in North America and Europe due to changing environmental regulations
                    7.2.1.3 Cruise ships
                               7.2.1.3.1 Adoption of hybrid-electric propulsion technology likely to increase in coming years
                    7.2.1.4 Motorboats
                               7.2.1.4.1 Rising demand for electric motorboats in Europe
           7.2.2 CARGO VESSELS
                    TABLE 27 ELECTRIC CARGO VESSELS MARKET, BY SHIP TYPE, 2018–2021 (USD MILLION)
                    TABLE 28 ELECTRIC CARGO VESSELS MARKET, BY SHIP TYPE, 2022–2030 (USD MILLION)
                    7.2.2.1 Container vessels
                               7.2.2.1.1 First to adopt full electric setup due to smaller size
                    7.2.2.2 Bulk carriers
                               7.2.2.2.1 Retrofit demand in bulk carriers to increase in coming years
                    7.2.2.3 Tankers
                               7.2.2.3.1 Increasing developments underway to equip tankers with lithium-ion batteries
                    7.2.2.4 General cargo ships
                               7.2.2.4.1 High potential of retrofit market for general cargo ships
           7.2.3 OTHERS
                    TABLE 29 OTHER COMMERCIAL VESSELS MARKET, BY SHIP TYPE, 2018–2021 (USD MILLION)
                    TABLE 30 OTHER COMMERCIAL VESSELS MARKET, BY SHIP TYPE, 2022–2030 (USD MILLION)
                    7.2.3.1 Fishing vessels
                               7.2.3.1.1 Rising adoption of electric propulsion in fishing vessels
                    7.2.3.2 Dredgers
                               7.2.3.2.1 Negligible market for dredgers with fully electric propulsion system
                    7.2.3.3 Tugs & workboats
                               7.2.3.3.1 Account for major share of global ship fleet
                    7.2.3.4 Research vessels
                               7.2.3.4.1 Market for retrofitting research vessels larger than newbuilds
                    7.2.3.5 Submarines
                               7.2.3.5.1 Useful for underwater exploration due to minimal vibration from motor
    7.3 DEFENSE 
           TABLE 31 DEFENSE ELECTRIC SHIPS MARKET, BY SHIP TYPE, 2018–2021 (USD MILLION)
           TABLE 32 DEFENSE ELECTRIC SHIPS MARKET, BY SHIP TYPE, 2022–2030 (USD MILLION)
           7.3.1 DESTROYERS
                    7.3.1.1 Defense forces of US, UK, and India to focus on integration of electric propulsive destroyers
           7.3.2 FRIGATES
                    7.3.2.1 Electric and hybrid propulsion used in frigates either directly or along with diesel engine
           7.3.3 CORVETTES
                    7.3.3.1 South Korea key market for corvettes with all-electric propulsion
           7.3.4 OFFSHORE SUPPORT VESSELS
                    7.3.4.1 Adoption of hybrid propulsion technology for OSVs to increase during forecast period
           7.3.5 AIRCRAFT CARRIERS
                    7.3.5.1 Indian Navy states possibility of using aircraft carrier with hybrid propulsion
           7.3.6 SUBMARINES
                    7.3.6.1 US, France, and India — currently using or developing electric propulsion systems
 
8 ELECTRIC SHIPS MARKET, BY TYPE (Page No. - 110)
    8.1 INTRODUCTION 
           FIGURE 34 FULLY ELECTRIC SEGMENT EXPECTED TO GROW AT HIGHER CAGR DURING FORECAST PERIOD
           TABLE 33 ELECTRIC SHIPS MARKET, BY TYPE, 2018–2021 (USD MILLION)
           TABLE 34 ELECTRIC SHIPS MARKET, BY TYPE, 2022–2030 (USD MILLION)
           TABLE 35 CRUISE SHIPS MARKET VOLUME, BY POWER SOURCE (UNITS)
           TABLE 36 YACHTS MARKET VOLUME, BY POWER SOURCE (UNITS)
           TABLE 37 FERRY MARKET VOLUME, BY POWER SOURCE (UNITS)
           TABLE 38 COMMERCIAL SHIPS MARKET VOLUME, BY POWER SOURCE (UNITS)
    8.2 FULLY ELECTRIC 
           TABLE 39 GLOBAL ELECTRIC SHIP PROJECTS
           TABLE 40 LIST OF FULLY ELECTRIC SHIPS
           FIGURE 35 NUMBER OF FULLY ELECTRIC SHIPS, BY COUNTRY, 2019
           TABLE 41 FULLY ELECTRIC SHIPS MARKET, BY TYPE, 2018–2021 (USD MILLION)
           TABLE 42 FULLY ELECTRIC SHIPS MARKET, BY TYPE, 2022–2030 (USD MILLION)
           8.2.1 BATTERY
                    8.2.1.1 Lithium battery
                               8.2.1.1.1 Major power source for hybrid and fully electric vessels
                    8.2.1.2 Lead acid battery
                               8.2.1.2.1 Wide range of applications in marine sector
           8.2.2 ELECTRO-SOLAR
                    8.2.2.1 Involves use of renewable energy to recharge batteries in ships
           8.2.3 FUEL CELLS
                    8.2.3.1 Alternative to lithium-ion and lead acid batteries
           TABLE 43 ONGOING FUEL CELL PROJECTS IN SHIPPING INDUSTRY
    8.3 HYBRID 
           FIGURE 36 EXPERT VIEWS ON HYBRID TECHNOLOGY
           TABLE 44 HYBRID ELECTRIC SHIPS MARKET, BY TYPE, 2018–2021 (USD MILLION)
           TABLE 45 HYBRID ELECTRIC SHIPS MARKET, BY TYPE, 2022–2030 (USD MILLION)
           8.3.1 DIESEL & BATTERY
                    8.3.1.1 Significant advancements to encourage adoption of hybrid-electric propulsion in large cruise ships
           8.3.2 LPG/LNG & BATTERY
                    8.3.2.1 LPG/LNG engines use electric propulsion motors to power ships
 
9 ELECTRIC SHIPS MARKET, BY END USE (Page No. - 119)
    9.1 INTRODUCTION 
           FIGURE 37 NEWBUILD & LINE FIT SEGMENT EXPECTED TO LEAD MARKET DURING FORECAST PERIOD
           TABLE 46 ELECTRIC SHIPS MARKET, BY END USE, 2018–2021 (USD MILLION)
           TABLE 47 ELECTRIC SHIPS MARKET, BY END USE, 2022–2030 (USD MILLION)
    9.2 NEWBUILD & LINE FIT 
           9.2.1 HIGH DEMAND FOR FULLY ELECTRIC FERRIES IN EUROPE
    9.3 RETROFIT 
           9.3.1 INCREASE IN RETROFITTING TO INCREASE EFFICIENCY AND EXTEND DURABILITY OF VESSELS
 
10 ELECTRIC SHIPS MARKET, BY POWER (Page No. - 123)
     10.1 INTRODUCTION 
             FIGURE 38 75–150 KW SEGMENT PROJECTED TO DOMINATE ELECTRIC SHIPS MARKET DURING FORECAST PERIOD
             TABLE 48 ELECTRIC SHIPS MARKET, BY POWER, 2018–2021 (USD MILLION)
             TABLE 49 ELECTRIC SHIPS MARKET, BY POWER, 2022–2030 (USD MILLION)
     10.2 <75 KW 
             10.2.1 DEMAND FOR FULLY ELECTRIC YACHTS IN EUROPE TO DRIVE MARKET
     10.3 75–150 KW 
             10.3.1 USE OF FULLY ELECTRIC FERRIES FOR TRANSPORT TO BOOST MARKET
     10.4 151–745 KW 
             10.4.1 CARGO VESSELS WITH 151–745 KW POWER RANGE TO PRESENT LARGE RETROFIT MARKET
     10.5 746–7,560 KW 
             10.5.1 INCREASED DEVELOPMENT OF HYBRID PROPULSION IN 746–7560 KW SEGMENT
     10.6 >7,560 KW 
             10.6.1 ADOPTION OF HYBRID-ELECTRIC PROPULSION SYSTEMS CHALLENGING IN SHIPS WITH HIGH POWER CAPACITY
 
11 ELECTRIC SHIPS MARKET, BY TONNAGE (Page No. - 127)
     11.1 INTRODUCTION 
             FIGURE 39 <500 DWT SEGMENT PROJECTED TO LEAD ELECTRIC SHIPS MARKET DURING FORECAST PERIOD
             TABLE 50 ELECTRIC SHIPS MARKET, BY TONNAGE, 2018–2021 (USD MILLION)
             TABLE 51 ELECTRIC SHIPS MARKET, BY TONNAGE, 2022–2030 (USD MILLION)
     11.2 <500 DWT 
             11.2.1 RISE IN DEMAND FOR PUBLIC TRANSPORT VESSELS TO DRIVE MARKET
     11.3 500–5,000 DWT 
             11.3.1 INCREASING MARINE TRADE ACROSS VARIOUS INDUSTRIES TO BOOST MARKET
     11.4 5,001–15,000 DWT 
             11.4.1 INCREASING CROSS-COUNTRY TRADE BY CARGO VESSELS TO DRIVE DEMAND
     11.5 >15,000 DWT 
             11.5.1 GROWING DEFENSE MARINE INDUSTRY TO FUEL MARKET
 
12 ELECTRIC SHIPS MARKET, BY SYSTEM (Page No. - 131)
     12.1 INTRODUCTION 
             FIGURE 40 POWER CONVERSION SEGMENT TO GROW FASTEST DURING FORECAST PERIOD
             TABLE 52 ELECTRIC SHIPS MARKET, BY SYSTEM, 2018–2021 (USD MILLION)
             TABLE 53 ELECTRIC SHIPS MARKET, BY SYSTEM, 2022–2030 (USD MILLION)
     12.2 ENERGY STORAGE SYSTEMS 
             FIGURE 41 TYPES OF ENERGY STORAGE SYSTEMS
             FIGURE 42 FLYWHEEL, SMES, AND ULTRA-CAPACITORS: EFFICIENT FOR USE IN SHIPPING INDUSTRY
             TABLE 54 COMPARISON OF PRINCIPAL ENERGY STORAGE SYSTEMS
             12.2.1 <1,000 KW
                        12.2.1.1 <1,000 kW energy storage systems majorly required by small ships
             12.2.2 1,001–5,000 KW
                        12.2.2.1 Tourism to drive 1,001–5,000-kW segment for Ro-Ro and sightseeing boats
             12.2.3 >5,000 KW
                        12.2.3.1 >5,000 kW power used by large ships
     12.3 POWER CONVERSION 
     12.4 POWER GENERATION 
             TABLE 55 ELECTRIC PROPULSION SHIP (8,444G/T, CEMENT CARRYING VESSEL) AND EXISTING SHIP: COMPARISON
             12.4.1 GENERATORS
                        12.4.1.1 Rise in demand for electric propulsion to increase demand for generators
             12.4.2 ENGINES
                        12.4.2.1 Hybrid propulsion to boost demand for engines
             12.4.3 PROPULSION MOTORS
                        12.4.3.1 Retrofitting to fuel demand for propulsion motors
     12.5 POWER DISTRIBUTION 
 
13 ELECTRIC SHIPS MARKET, BY MODE OF OPERATION (Page No. - 138)
     13.1 INTRODUCTION 
             FIGURE 43 MANNED SEGMENT TO COMMAND LARGEST MARKET SHARE DURING FORECAST PERIOD
             TABLE 56 ELECTRIC SHIPS MARKET, BY MODE OF OPERATION, 2018–2021 (USD MILLION)
             TABLE 57 ELECTRIC SHIPS MARKET, BY MODE OF OPERATION, 2022–2030 (USD MILLION)
     13.2 MANNED 
             13.2.1 RETROFITTING DIESEL-DRIVEN SHIPS WITH ELECTRIC AND HYBRID PROPULSION TO DRIVE SEGMENT
     13.3 REMOTELY OPERATED 
             13.3.1 INCREASING INVESTMENTS IN REMOTELY OPERATED SHIPS TO BOOST SEGMENT
     13.4 AUTONOMOUS 
             13.4.1 INCREASING INVESTMENTS DRIVE MARKET FOR AUTONOMOUS ELECTRIC SHIPS
           FIGURE 44 VIEWS ON AUTONOMY IN ELECTRIC SHIPS BY INDUSTRY EXPERTS
 
14 ELECTRIC SHIPS MARKET, BY RANGE (Page No. - 142)
     14.1 INTRODUCTION 
             FIGURE 45 50–100 KM SEGMENT PROJECTED TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
             TABLE 58 ELECTRIC SHIPS MARKET, BY RANGE, 2018–2021 (USD MILLION)
             TABLE 59 ELECTRIC SHIPS MARKET, BY RANGE, 2022–2030 (USD MILLION)
     14.2 <50 KM 
             14.2.1 ADOPTION OF FULLY ELECTRIC PASSENGER FERRIES AND TUGS TO DRIVE SEGMENT
     14.3 50–100 KM 
             14.3.1 DEMAND FOR FULLY ELECTRIC INLAND CONTAINER SHIPS TO FUEL MARKET
     14.4 100–1,000 KM 
             14.4.1 INCREASED DEMAND FOR RETROFITTING CARGO VESSELS TO FUEL SEGMENT
     14.5 >1,000 KM 
             14.5.1 HIGH DEMAND FOR LONG-DISTANCE CARGO VESSELS TO BOOST MARKET
 
15 REGIONAL ANALYSIS (Page No. - 146)
     15.1 INTRODUCTION 
             FIGURE 46 EUROPE ESTIMATED TO HOLD LARGEST SHARE OF ELECTRIC SHIPS MARKET IN 2022
             15.1.1 REGIONAL RECESSION IMPACT ANALYSIS
                        FIGURE 47 NAVAL BUDGET TREND, BY REGION (2019–2022)
                        TABLE 60 REGIONAL RECESSION IMPACT ANALYSIS
                        TABLE 61 ELECTRIC SHIPS MARKET, BY REGION, 2018–2021 (USD MILLION)
                        TABLE 62 ELECTRIC SHIPS MARKET, BY REGION, 2022–2030 (USD MILLION)
     15.2 NORTH AMERICA 
             15.2.1 PESTLE ANALYSIS: NORTH AMERICA
                        FIGURE 48 NORTH AMERICA: ELECTRIC SHIPS MARKET SNAPSHOT
                        TABLE 63 NORTH AMERICA: ELECTRIC SHIPS MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
                        TABLE 64 NORTH AMERICA: ELECTRIC SHIPS MARKET, BY COUNTRY, 2022–2030 (USD MILLION)
                        TABLE 65 NORTH AMERICA: ELECTRIC SHIPS MARKET, BY TYPE, 2018–2021 (USD MILLION)
                        TABLE 66 NORTH AMERICA: ELECTRIC SHIPS MARKET, BY TYPE, 2022–2030 (USD MILLION)
                        TABLE 67 NORTH AMERICA: FULLY ELECTRIC SHIPS MARKET, BY TYPE, 2018–2021 (USD MILLION)
                        TABLE 68 NORTH AMERICA: FULLY ELECTRIC SHIPS MARKET, BY TYPE, 2022–2030 (USD MILLION)
                        TABLE 69 NORTH AMERICA: HYBRID ELECTRIC SHIPS MARKET, BY TYPE, 2018–2021 (USD MILLION)
                        TABLE 70 NORTH AMERICA: HYBRID ELECTRIC SHIPS MARKET, BY TYPE, 2022–2030 (USD MILLION)
                        TABLE 71 NORTH AMERICA: ELECTRIC SHIPS MARKET, BY SHIP TYPE, 2018–2021 (USD MILLION)
                        TABLE 72 NORTH AMERICA: ELECTRIC SHIPS MARKET, BY SHIP TYPE, 2022–2030 (USD MILLION)
                        TABLE 73 NORTH AMERICA: COMMERCIAL ELECTRIC SHIPS MARKET, BY TYPE, 2018–2021 (USD MILLION)
                        TABLE 74 NORTH AMERICA: COMMERCIAL ELECTRIC SHIPS MARKET, BY TYPE, 2022–2030 (USD MILLION)
                        TABLE 75 NORTH AMERICA: ELECTRIC PASSENGER VESSELS MARKET, BY TYPE, 2018–2021 (USD MILLION)
                        TABLE 76 NORTH AMERICA: ELECTRIC PASSENGER VESSELS MARKET, BY TYPE, 2022–2030 (USD MILLION)
                        TABLE 77 NORTH AMERICA: ELECTRIC CARGO VESSELS MARKET, BY TYPE, 2018–2021 (USD MILLION)
                        TABLE 78 NORTH AMERICA: ELECTRIC CARGO VESSELS MARKET, BY TYPE, 2022–2030 (USD MILLION)
                        TABLE 79 NORTH AMERICA: OTHER COMMERCIAL VESSELS MARKET, BY TYPE, 2018–2021 (USD MILLION)
                        TABLE 80 NORTH AMERICA: OTHER COMMERCIAL VESSELS MARKET, BY TYPE, 2022–2030 (USD MILLION)
                        TABLE 81 NORTH AMERICA: ELECTRIC SHIPS MARKET, BY MODE OF OPERATION, 2018–2021 (USD MILLION)
                        TABLE 82 NORTH AMERICA: ELECTRIC SHIPS MARKET, BY MODE OF OPERATION, 2022–2030 (USD MILLION)
                        TABLE 83 NORTH AMERICA: ELECTRIC SHIPS MARKET, BY END USE, 2018–2021 (USD MILLION)
                        TABLE 84 NORTH AMERICA: ELECTRIC SHIPS MARKET, BY END USE, 2022–2030 (USD MILLION)
                        TABLE 85 NORTH AMERICA: ELECTRIC SHIPS MARKET, BY RANGE, 2018–2021 (USD MILLION)
                        TABLE 86 NORTH AMERICA: ELECTRIC SHIPS MARKET, BY RANGE, 2022–2030 (USD MILLION)
                        TABLE 87 NORTH AMERICA: ELECTRIC SHIPS MARKET, BY POWER, 2018–2021 (USD MILLION)
                        TABLE 88 NORTH AMERICA: ELECTRIC SHIPS MARKET, BY POWER, 2022–2030 (USD MILLION)
             15.2.2 US
                        15.2.2.1 High demand for luxury sailing to increase adoption of electric boats
                                     TABLE 89 US: ELECTRIC SHIPS MARKET, BY TYPE, 2018–2021 (USD MILLION)
                                     TABLE 90 US: ELECTRIC SHIPS MARKET, BY TYPE, 2022–2030 (USD MILLION)
                                     TABLE 91 US: ELECTRIC SHIPS MARKET, BY SHIP TYPE, 2018–2021 (USD MILLION)
                                     TABLE 92 US: ELECTRIC SHIPS MARKET, BY SHIP TYPE, 2022–2030 (USD MILLION)
                                     TABLE 93 US: ELECTRIC SHIPS MARKET, BY END USE, 2018–2021 (USD MILLION)
                                     TABLE 94 US: ELECTRIC SHIPS MARKET, BY END USE, 2022–2030 (USD MILLION)
             15.2.3 CANADA
                        15.2.3.1 Strategic government decision to develop indigenous marine industry
                                     TABLE 95 CANADA: ELECTRIC SHIPS MARKET, BY TYPE, 2018–2021 (USD MILLION)
                                     TABLE 96 CANADA: ELECTRIC SHIPS MARKET, BY TYPE, 2022–2030 (USD MILLION)
                                     TABLE 97 CANADA: ELECTRIC SHIPS MARKET, BY SHIP TYPE, 2018–2021 (USD MILLION)
                                     TABLE 98 CANADA: ELECTRIC SHIPS MARKET, BY SHIP TYPE, 2022–2030 (USD MILLION)
                                     TABLE 99 CANADA: ELECTRIC SHIPS MARKET, BY END USE, 2018–2021 (USD MILLION)
                                     TABLE 100 CANADA: ELECTRIC SHIPS MARKET, BY END USE, 2022–2030 (USD MILLION)
     15.3 EUROPE 
             15.3.1 PESTLE ANALYSIS: EUROPE
                        FIGURE 49 EUROPE: ELECTRIC SHIPS MARKET SNAPSHOT
                        TABLE 101 EUROPE: ELECTRIC SHIPS MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
                        TABLE 102 EUROPE: ELECTRIC SHIPS MARKET, BY COUNTRY, 2022–2030 (USD MILLION)
                        TABLE 103 EUROPE: ELECTRIC SHIPS MARKET, BY TYPE, 2018–2021 (USD MILLION)
                        TABLE 104 EUROPE: ELECTRIC SHIPS MARKET, BY TYPE, 2022–2030 (USD MILLION)
                        TABLE 105 EUROPE: FULLY ELECTRIC SHIPS MARKET, BY TYPE, 2018–2021 (USD MILLION)
                        TABLE 106 EUROPE: ELECTRIC SHIPS MARKET, BY TYPE, 2022–2030 (USD MILLION)
                        TABLE 107 EUROPE: HYBRID ELECTRIC SHIPS MARKET, BY TYPE, 2018–2021 (USD MILLION)
                        TABLE 108 EUROPE: HYBRID ELECTRIC SHIPS MARKET, BY TYPE, 2022–2030 (USD MILLION)
                        TABLE 109 EUROPE: ELECTRIC SHIPS MARKET, BY SHIP TYPE, 2018–2021 (USD MILLION)
                        TABLE 110 EUROPE: ELECTRIC SHIPS MARKET, BY SHIP TYPE, 2022–2030 (USD MILLION)
                        TABLE 111 EUROPE: ELECTRIC COMMERCIAL SHIPS MARKET, BY TYPE, 2018–2021 (USD MILLION)
                        TABLE 112 EUROPE: ELECTRIC COMMERCIAL SHIPS MARKET, BY TYPE, 2022–2030 (USD MILLION)
                        TABLE 113 EUROPE: ELECTRIC PASSENGER VESSELS MARKET, BY TYPE, 2018–2021 (USD MILLION)
                        TABLE 114 EUROPE: ELECTRIC PASSENGER VESSELS MARKET, BY TYPE, 2022–2030 (USD MILLION)
                        TABLE 115 EUROPE: ELECTRIC CARGO VESSELS MARKET, BY TYPE, 2018–2021 (USD MILLION)
                        TABLE 116 EUROPE: ELECTRIC CARGO VESSELS MARKET, BY TYPE, 2022–2030 (USD MILLION)
                        TABLE 117 EUROPE: OTHER COMMERCIAL VESSELS MARKET, BY TYPE, 2018–2021 (USD MILLION)
                        TABLE 118 EUROPE: OTHER COMMERCIAL VESSELS MARKET, BY TYPE, 2022–2030 (USD MILLION)
                        TABLE 119 EUROPE: ELECTRIC SHIPS MARKET, BY MODE OF OPERATION, 2018–2021 (USD MILLION)
                        TABLE 120 EUROPE: ELECTRIC SHIPS MARKET, BY MODE OF OPERATION, 2022–2030 (USD MILLION)
                        TABLE 121 EUROPE: ELECTRIC SHIPS MARKET, BY END USE, 2018–2021 (USD MILLION)
                        TABLE 122 EUROPE: ELECTRIC SHIPS MARKET, BY END USE, 2022–2030 (USD MILLION)
                        TABLE 123 EUROPE: ELECTRIC SHIPS MARKET, BY RANGE, 2018–2021 (USD MILLION)
                        TABLE 124 EUROPE: ELECTRIC SHIPS MARKET, BY RANGE, 2022–2030 (USD MILLION)
                        TABLE 125 EUROPE: ELECTRIC SHIPS MARKET, BY POWER 2018–2021 (USD MILLION)
                        TABLE 126 EUROPE: ELECTRIC SHIPS MARKET, BY POWER, 2022–2030 (USD MILLION)
             15.3.2 NORWAY
                        15.3.2.1 Implementation of IMO rule to drive adoption of hybrid or electric propulsion
                                     FIGURE 50 CO2 EMISSIONS FROM DOMESTIC SHIPPING IN NORWAY
                                     TABLE 127 NORWAY: ELECTRIC SHIPS MARKET, BY TYPE, 2018–2021 (USD MILLION)
                                     TABLE 128 NORWAY: ELECTRIC SHIPS MARKET, BY TYPE, 2022–2030 (USD MILLION)
                                     TABLE 129 NORWAY: ELECTRIC SHIPS MARKET, BY SHIP TYPE, 2018–2021 (USD MILLION)
                                     TABLE 130 NORWAY: ELECTRIC SHIPS MARKET, BY SHIP TYPE, 2022–2030 (USD MILLION)
                                     TABLE 131 NORWAY: ELECTRIC SHIPS MARKET, BY END USE, 2018–2021 (USD MILLION)
                                     TABLE 132 NORWAY: ELECTRIC SHIPS MARKET, BY END USE, 2022–2030 (USD MILLION)
             15.3.3 GREECE
                        15.3.3.1 Stringent IMO 2020 rule to drive demand for electric ships
                                     TABLE 133 GREECE: ELECTRIC SHIPS MARKET, BY TYPE, 2018–2021 (USD MILLION)
                                     TABLE 134 GREECE: ELECTRIC SHIPS MARKET, BY TYPE, 2022–2030 (USD MILLION)
                                     TABLE 135 GREECE: ELECTRIC SHIPS MARKET, BY SHIP TYPE, 2018–2021 (USD MILLION)
                                     TABLE 136 GREECE: ELECTRIC SHIPS MARKET, BY SHIP TYPE, 2022–2030 (USD MILLION)
                                     TABLE 137 GREECE: ELECTRIC SHIPS MARKET, BY END USE, 2018–2021 (USD MILLION)
                                     TABLE 138 GREECE: ELECTRIC SHIPS MARKET, BY END USE, 2022–2030 (USD MILLION)
             15.3.4 NETHERLANDS
                        15.3.4.1 Push toward using zero-emission ships to reduce costs and improve efficiency
                                     TABLE 139 NETHERLANDS: ELECTRIC SHIPS MARKET, BY TYPE, 2018–2021 (USD MILLION)
                                     TABLE 140 NETHERLANDS: ELECTRIC SHIPS MARKET, BY TYPE, 2022–2030 (USD MILLION)
                                     TABLE 141 NETHERLANDS: ELECTRIC SHIPS MARKET, BY SHIP TYPE, 2018–2021 (USD MILLION)
                                     TABLE 142 NETHERLANDS: ELECTRIC SHIPS MARKET, BY SHIP TYPE, 2022–2030 (USD MILLION)
                                     TABLE 143 NETHERLANDS: ELECTRIC SHIPS MARKET, BY END USE, 2018–2021 (USD MILLION)
                                     TABLE 144 NETHERLANDS: ELECTRIC SHIPS MARKET, BY END USE, 2022–2030 (USD MILLION)
             15.3.5 FINLAND
                        15.3.5.1 Major focus on green marine technologies
                                     TABLE 145 FINLAND: ELECTRIC SHIPS MARKET, BY TYPE, 2018–2021 (USD MILLION)
                                     TABLE 146 FINLAND: ELECTRIC SHIPS MARKET, BY TYPE, 2022–2030 (USD MILLION)
                                     TABLE 147 FINLAND: ELECTRIC SHIPS MARKET, BY SHIP TYPE, 2018–2021 (USD MILLION)
                                     TABLE 148 FINLAND: ELECTRIC SHIPS MARKET, BY SHIP TYPE, 2022–2030 (USD MILLION)
                                     TABLE 149 FINLAND: ELECTRIC SHIPS MARKET, BY END USE, 2018–2021 (USD MILLION)
                                     TABLE 150 FINLAND: ELECTRIC SHIPS MARKET, BY END USE, 2022–2030 (USD MILLION)
             15.3.6 GERMANY
                        15.3.6.1 Upgrades of ship equipment to boost demand for electric ships
                                     TABLE 151 GERMANY: ELECTRIC SHIPS MARKET, BY TYPE, 2018–2021 (USD MILLION)
                                     TABLE 152 GERMANY: ELECTRIC SHIPS MARKET, BY TYPE, 2022–2030 (USD MILLION)
                                     TABLE 153 GERMANY: ELECTRIC SHIPS MARKET, BY SHIP TYPE, 2018–2021 (USD MILLION)
                                     TABLE 154 GERMANY: ELECTRIC SHIPS MARKET, BY SHIP TYPE, 2022–2030 (USD MILLION)
                                     TABLE 155 GERMANY: ELECTRIC SHIPS MARKET, BY END USE, 2018–2021 (USD MILLION)
                                     TABLE 156 GERMANY: ELECTRIC SHIPS MARKET, BY END USE, 2022–2030 (USD MILLION)
             15.3.7 DENMARK
                        15.3.7.1 Presence of stringent environmental regulations
                                     TABLE 157 DENMARK: ELECTRIC SHIPS MARKET, BY TYPE, 2018–2021 (USD MILLION)
                                     TABLE 158 DENMARK: ELECTRIC SHIPS MARKET, BY TYPE, 2022–2030 (USD MILLION)
                                     TABLE 159 DENMARK: ELECTRIC SHIPS MARKET, BY SHIP TYPE, 2018–2021 (USD MILLION)
                                     TABLE 160 DENMARK: ELECTRIC SHIPS MARKET, BY SHIP TYPE, 2022–2030 (USD MILLION)
                                     TABLE 161 DENMARK: ELECTRIC SHIPS MARKET, BY END USE, 2018–2021 (USD MILLION)
                                     TABLE 162 DENMARK: ELECTRIC SHIPS MARKET, BY END USE, 2022–2030 (USD MILLION)
             15.3.8 REST OF EUROPE
                        TABLE 163 REST OF EUROPE: ELECTRIC SHIPS MARKET, BY TYPE, 2018–2021 (USD MILLION)
                        TABLE 164 REST OF EUROPE: ELECTRIC SHIPS MARKET, BY TYPE, 2022–2030 (USD MILLION)
                        TABLE 165 REST OF EUROPE: ELECTRIC SHIPS MARKET, BY SHIP TYPE, 2018–2021 (USD MILLION)
                        TABLE 166 REST OF EUROPE: ELECTRIC SHIPS MARKET, BY SHIP TYPE, 2022–2030 (USD MILLION)
                        TABLE 167 REST OF EUROPE: ELECTRIC SHIPS MARKET, BY END USE, 2018–2021 (USD MILLION)
                        TABLE 168 REST OF EUROPE: ELECTRIC SHIPS MARKET, BY END USE, 2022–2030 (USD MILLION)
     15.4 ASIA PACIFIC 
             15.4.1 PESTLE ANALYSIS: ASIA PACIFIC
                        FIGURE 51 ASIA PACIFIC: ELECTRIC SHIPS MARKET SNAPSHOT
                        TABLE 169 ASIA PACIFIC: ELECTRIC SHIPS MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
                        TABLE 170 ASIA PACIFIC: ELECTRIC SHIPS MARKET, BY COUNTRY, 2022–2030 (USD MILLION)
                        TABLE 171 ASIA PACIFIC: ELECTRIC SHIPS MARKET, BY TYPE, 2018–2021 (USD MILLION)
                        TABLE 172 ASIA PACIFIC: ELECTRIC SHIPS MARKET, BY TYPE, 2022–2030 (USD MILLION)
                        TABLE 173 ASIA PACIFIC: FULLY ELECTRIC SHIPS MARKET, BY TYPE, 2018–2021 (USD MILLION)
                        TABLE 174 ASIA PACIFIC: FULLY ELECTRIC SHIPS MARKET, BY TYPE, 2022–2030 (USD MILLION)
                        TABLE 175 ASIA PACIFIC: HYBRID ELECTRIC SHIPS MARKET, BY TYPE, 2018–2021 (USD MILLION)
                        TABLE 176 ASIA PACIFIC: HYBRID ELECTRIC SHIPS MARKET, BY TYPE, 2022–2030 (USD MILLION)
                        TABLE 177 ASIA PACIFIC: ELECTRIC SHIPS MARKET, BY SHIP TYPE, 2018–2021 (USD MILLION)
                        TABLE 178 ASIA PACIFIC: ELECTRIC SHIPS MARKET, BY SHIP TYPE, 2022–2030 (USD MILLION)
                        TABLE 179 ASIA PACIFIC: COMMERCIAL ELECTRIC SHIPS MARKET, BY TYPE, 2018–2021 (USD MILLION)
                        TABLE 180 ASIA PACIFIC: COMMERCIAL ELECTRIC SHIPS MARKET, BY TYPE, 2022–2030 (USD MILLION)
                        TABLE 181 ASIA PACIFIC: ELECTRIC PASSENGER VESSELS MARKET, BY TYPE, 2018–2021 (USD MILLION)
                        TABLE 182 ASIA PACIFIC: ELECTRIC PASSENGER VESSELS MARKET, BY TYPE, 2022–2030 (USD MILLION)
                        TABLE 183 ASIA PACIFIC: ELECTRIC CARGO VESSELS MARKET, BY TYPE, 2018–2021 (USD MILLION)
                        TABLE 184 ASIA PACIFIC: ELECTRIC CARGO VESSELS MARKET, BY TYPE, 2022–2030 (USD MILLION)
                        TABLE 185 ASIA PACIFIC: OTHER COMMERCIAL VESSELS MARKET, BY TYPE, 2018–2021 (USD MILLION)
                        TABLE 186 ASIA PACIFIC: OTHER COMMERCIAL VESSELS MARKET, BY TYPE, 2022–2030 (USD MILLION)
                        TABLE 187 ASIA PACIFIC: ELECTRIC SHIPS MARKET, BY MODE OF OPERATION, 2018–2021 (USD MILLION)
                        TABLE 188 ASIA PACIFIC: ELECTRIC SHIPS MARKET, BY MODE OF OPERATION, 2022–2030 (USD MILLION)
                        TABLE 189 ASIA PACIFIC: ELECTRIC SHIPS MARKET, BY END USE, 2018–2021 (USD MILLION)
                        TABLE 190 ASIA PACIFIC: ELECTRIC SHIPS MARKET, BY END USE, 2021–2030 (USD MILLION)
                        TABLE 191 ASIA PACIFIC: ELECTRIC SHIPS MARKET, BY RANGE, 2018–2021 (USD MILLION)
                        TABLE 192 ASIA PACIFIC: ELECTRIC SHIPS MARKET, BY RANGE, 2022–2030 (USD MILLION)
                        TABLE 193 ASIA PACIFIC: ELECTRIC SHIPS MARKET, BY POWER, 2018–2021 (USD MILLION)
                        TABLE 194 ASIA PACIFIC: ELECTRIC SHIPS MARKET, BY POWER, 2022–2030 (USD MILLION)
             15.4.2 CHINA
                        15.4.2.1 Presence of several shipbuilding companies
                                     TABLE 195 CHINA: ELECTRIC SHIPS MARKET, BY TYPE, 2018–2021 (USD MILLION)
                                     TABLE 196 CHINA: ELECTRIC SHIPS MARKET, BY TYPE, 2022–2030 (USD MILLION)
                                     TABLE 197 CHINA: ELECTRIC SHIPS MARKET, BY SHIP TYPE, 2018–2021 (USD MILLION)
                                     TABLE 198 CHINA: ELECTRIC SHIPS MARKET, BY SHIP TYPE, 2022–2030 (USD MILLION)
                                     TABLE 199 CHINA: ELECTRIC SHIPS MARKET, BY END USE, 2018–2021 (USD MILLION)
                                     TABLE 200 CHINA: ELECTRIC SHIPS MARKET, BY END USE, 2022–2030 (USD MILLION)
             15.4.3 SOUTH KOREA
                        15.4.3.1 Adoption of fuel cells for development of ships and hydrogen economy
                                     TABLE 201 SOUTH KOREA: ELECTRIC SHIPS MARKET, BY TYPE, 2018–2021 (USD MILLION)
                                     TABLE 202 SOUTH KOREA: ELECTRIC SHIPS MARKET, BY TYPE, 2022–2030 (USD MILLION)
                                     TABLE 203 SOUTH KOREA: ELECTRIC SHIPS MARKET, BY SHIP TYPE, 2018–2021 (USD MILLION)
                                     TABLE 204 SOUTH KOREA: ELECTRIC SHIPS MARKET, BY SHIP TYPE, 2022–2030 (USD MILLION)
                                     TABLE 205 SOUTH KOREA: ELECTRIC SHIPS MARKET, BY END USE, 2018–2021 (USD MILLION)
                                     TABLE 206 SOUTH KOREA: ELECTRIC SHIPS MARKET, BY END USE, 2022–2030 (USD MILLION)
             15.4.4 JAPAN
                        15.4.4.1 Focus on reduction of greenhouse gas emissions from international shipping
                                     TABLE 207 JAPAN: ELECTRIC SHIPS MARKET, BY TYPE, 2018–2021 (USD MILLION)
                                     TABLE 208 JAPAN: ELECTRIC SHIPS MARKET, BY TYPE, 2022–2030 (USD MILLION)
                                     TABLE 209 JAPAN: ELECTRIC SHIPS MARKET, BY SHIP TYPE, 2018–2020 (USD MILLION)
                                     TABLE 210 JAPAN: ELECTRIC SHIPS MARKET, BY SHIP TYPE, 2022–2030 (USD MILLION)
                                     TABLE 211 JAPAN: ELECTRIC SHIPS MARKET, BY END USE, 2018–2021 (USD MILLION)
                                     TABLE 212 JAPAN: ELECTRIC SHIPS MARKET, BY END USE, 2022–2030 (USD MILLION)
             15.4.5 NEW ZEALAND
                        15.4.5.1 Increased focus on shift from diesel-driven ships to electric ships to reduce operational costs
                                     TABLE 213 NEW ZEALAND: ELECTRIC SHIPS MARKET, BY TYPE, 2018–2021 (USD MILLION)
                                     TABLE 214 NEW ZEALAND: ELECTRIC SHIPS MARKET, BY TYPE, 2022–2030 (USD MILLION)
                                     TABLE 215 NEW ZEALAND: ELECTRIC SHIPS MARKET, BY SHIP TYPE, 2018–2021 (USD MILLION)
                                     TABLE 216 NEW ZEALAND: ELECTRIC SHIPS MARKET, BY SHIP TYPE, 2022–2030 (USD MILLION)
                                     TABLE 217 NEW ZEALAND: ELECTRIC SHIPS MARKET, BY END USE, 2018–2021 (USD MILLION)
                                     TABLE 218 NEW ZEALAND: ELECTRIC SHIPS MARKET, BY END USE, 2022–2030 (USD MILLION)
             15.4.6 INDIA
                        15.4.6.1 Significant retrofit potential for navy ships
                                     TABLE 219 INDIA: ELECTRIC SHIPS MARKET, BY TYPE, 2018–2021 (USD MILLION)
                                     TABLE 220 INDIA: ELECTRIC SHIPS MARKET, BY TYPE, 2022–2030 (USD MILLION)
                                     TABLE 221 INDIA: ELECTRIC SHIPS MARKET, BY SHIP TYPE, 2018–2021 (USD MILLION)
                                     TABLE 222 INDIA: ELECTRIC SHIPS MARKET, BY SHIP TYPE, 2022–2030 (USD MILLION)
                                     TABLE 223 INDIA: ELECTRIC SHIPS MARKET, BY END USE, 2018–2021 (USD MILLION)
                                     TABLE 224 INDIA: ELECTRIC SHIPS MARKET, BY END USE, 2022–2030 (USD MILLION)
             15.4.7 REST OF ASIA PACIFIC
                        15.4.7.1 Increasing development of electric passenger ferries
                                     TABLE 225 REST OF ASIA PACIFIC: ELECTRIC SHIPS MARKET, BY TYPE, 2018–2021 (USD MILLION)
                                     TABLE 226 REST OF ASIA PACIFIC: ELECTRIC SHIPS MARKET, BY TYPE, 2022–2030 (USD MILLION)
                                     TABLE 227 REST OF ASIA PACIFIC: ELECTRIC SHIPS MARKET, BY SHIP TYPE, 2018–2021 (USD MILLION)
                                     TABLE 228 REST OF APAC: ELECTRIC SHIPS MARKET, BY SHIP TYPE, 2022–2030 (USD MILLION)
                                     TABLE 229 REST OF ASIA PACIFIC: ELECTRIC SHIPS MARKET, BY END USE, 2018–2021 (USD MILLION)
                                     TABLE 230 REST OF ASIA PACIFIC: ELECTRIC SHIPS MARKET, BY END USE, 2022–2030 (USD MILLION)
     15.5 REST OF THE WORLD 
             15.5.1 PESTLE ANALYSIS: REST OF THE WORLD
                        FIGURE 52 REST OF THE WORLD: ELECTRIC SHIPS MARKET SNAPSHOT
                        TABLE 231 REST OF THE WORLD: ELECTRIC SHIPS MARKET, BY REGION, 2018–2021 (USD MILLION)
                        TABLE 232 REST OF THE WORLD: ELECTRIC SHIPS MARKET, BY REGION, 2022–2030 (USD MILLION)
                        TABLE 233 REST OF THE WORLD: ELECTRIC SHIPS MARKET, BY TYPE, 2018–2021 (USD MILLION)
                        TABLE 234 REST OF THE WORLD: ELECTRIC SHIPS MARKET, BY TYPE, 2022–2030 (USD MILLION)
                        TABLE 235 REST OF THE WORLD: FULLY ELECTRIC SHIPS MARKET, BY TYPE, 2018–2021 (USD MILLION)
                        TABLE 236 REST OF THE WORLD: FULLY ELECTRIC SHIPS MARKET, BY TYPE, 2022–2030 (USD MILLION)
                        TABLE 237 REST OF THE WORLD: HYBRID ELECTRIC SHIPS MARKET, BY TYPE, 2018–2021 (USD MILLION)
                        TABLE 238 REST OF THE WORLD: HYBRID ELECTRIC SHIPS MARKET, BY TYPE, 2022–2030 (USD MILLION)
                        TABLE 239 REST OF THE WORLD: ELECTRIC SHIPS MARKET, BY SHIP TYPE, 2018–2021 (USD MILLION)
                        TABLE 240 REST OF THE WORLD: ELECTRIC SHIPS MARKET, BY SHIP TYPE, 2022–2030 (USD MILLION)
                        TABLE 241 REST OF THE WORLD: COMMERCIAL ELECTRIC SHIPS MARKET, BY TYPE, 2018–2021 (USD MILLION)
                        TABLE 242 REST OF THE WORLD: COMMERCIAL ELECTRIC SHIPS MARKET, BY TYPE, 2022–2030 (USD MILLION)
                        TABLE 243 REST OF THE WORLD: ELECTRIC PASSENGER VESSELS MARKET, BY TYPE, 2018–2021 (USD MILLION)
                        TABLE 244 REST OF THE WORLD: ELECTRIC PASSENGER VESSELS MARKET, BY TYPE, 2022–2030 (USD MILLION)
                        TABLE 245 REST OF THE WORLD: ELECTRIC CARGO VESSELS MARKET, BY TYPE, 2018–2021 (USD MILLION)
                        TABLE 246 REST OF THE WORLD: ELECTRIC CARGO VESSELS MARKET, BY TYPE, 2022–2030 (USD MILLION)
                        TABLE 247 REST OF THE WORLD: OTHER COMMERCIAL VESSELS MARKET, BY TYPE, 2018–2021 (USD MILLION)
                        TABLE 248 REST OF THE WORLD: OTHER COMMERCIAL VESSELS MARKET, BY TYPE, 2022–2030 (USD MILLION)
                        TABLE 249 REST OF THE WORLD: ELECTRIC SHIPS MARKET, BY MODE OF OPERATION, 2018–2021 (USD MILLION)
                        TABLE 250 REST OF THE WORLD: ELECTRIC SHIPS MARKET, BY MODE OF OPERATION, 2022–2030 (USD MILLION)
                        TABLE 251 REST OF THE WORLD: ELECTRIC SHIPS MARKET, BY END USE, 2018–2021 (USD MILLION)
                        TABLE 252 REST OF THE WORLD: ELECTRIC SHIPS MARKET, BY END USE, 2022–2030 (USD MILLION)
                        TABLE 253 REST OF THE WORLD: ELECTRIC SHIPS MARKET, BY RANGE, 2018–2021 (USD MILLION)
                        TABLE 254 REST OF THE WORLD: ELECTRIC SHIPS MARKET, BY RANGE, 2022–2030 (USD MILLION)
                        TABLE 255 REST OF THE WORLD: ELECTRIC SHIPS MARKET, BY POWER, 2018–2021 (USD MILLION)
                        TABLE 256 REST OF THE WORLD: ELECTRIC SHIPS MARKET, BY POWER, 2022–2030 (USD MILLION)
             15.5.2 LATIN AMERICA
                        15.5.2.1 Large fleet size of ships to encourage adoption of hybrid propulsion
                                     TABLE 257 LATIN AMERICA: ELECTRIC SHIPS MARKET, BY TYPE, 2018–2021 (USD MILLION)
                                     TABLE 258 LATIN AMERICA: ELECTRIC SHIPS MARKET, BY TYPE, 2022–2030 (USD MILLION)
                                     TABLE 259 LATIN AMERICA: ELECTRIC SHIPS MARKET, BY SHIP TYPE, 2018–2021 (USD MILLION)
                                     TABLE 260 LATIN AMERICA: ELECTRIC SHIPS MARKET, BY SHIP TYPE, 2022–2030 (USD MILLION)
                                     TABLE 261 LATIN AMERICA: ELECTRIC SHIPS MARKET, BY END USE, 2018–2021 (USD MILLION)
                                     TABLE 262 LATIN AMERICA: ELECTRIC SHIPS MARKET, BY END USE, 2022–2030 (USD MILLION)
             15.5.3 MIDDLE EAST & AFRICA
                        15.5.3.1 Retrofitting of existing fleet of ships to boost market
                                     TABLE 263 MIDDLE EAST & AFRICA: ELECTRIC SHIPS MARKET, BY TYPE, 2018–2021 (USD MILLION)
                                     TABLE 264 MIDDLE EAST & AFRICA: ELECTRIC SHIPS MARKET, BY TYPE, 2022–2030 (USD MILLION)
                                     TABLE 265 MIDDLE EAST & AFRICA: ELECTRIC SHIPS MARKET, BY SHIP TYPE, 2018–2021 (USD MILLION)
                                     TABLE 266 MIDDLE EAST & AFRICA: ELECTRIC SHIPS MARKET, BY SHIP TYPE, 2022–2030 (USD MILLION)
                                     TABLE 267 MIDDLE EAST & AFRICA: ELECTRIC SHIPS MARKET, BY END USE, 2018–2021 (USD MILLION)
                                     TABLE 268 MIDDLE EAST & AFRICA: ELECTRIC SHIPS MARKET, BY END USE, 2022–2030 (USD MILLION)
 
16 COMPETITIVE LANDSCAPE (Page No. - 216)
     16.1 INTRODUCTION 
     16.2 RANKING OF LEADING PLAYERS, 2022 
             FIGURE 53 RANKING OF LEADING PLAYERS IN ELECTRIC SHIPS MARKET, 2022
     16.3 MARKET SHARE ANALYSIS OF LEADING PLAYERS, 2022 
             FIGURE 54 ELECTRIC SHIPS MARKET: SHARE OF LEADING BATTERY SUPPLIERS, 2022
             FIGURE 55 ELECTRIC SHIPS MARKET: SHARE OF LEADING SYSTEM INTEGRATORS, 2022
             FIGURE 56 ELECTRIC SHIPS MARKET SHARE, BY AREA OF OPERATION, 2022
             FIGURE 57 ELECTRIC SHIPS MARKET SHARE, BY BATTERY APPLICATION, 2022
             FIGURE 58 ELECTRIC SHIPS MARKET SHARE, BY MODE OF OPERATION
     16.4 REVENUE ANALYSIS OF TOP FIVE MARKET PLAYERS, 2022 
             FIGURE 59 REVENUE ANALYSIS OF LEADING PLAYERS IN ELECTRIC SHIPS MARKET, 2022
     16.5 COMPETITIVE OVERVIEW 
             TABLE 269 KEY DEVELOPMENTS BY LEADING PLAYERS IN ELECTRIC SHIPS MARKET BETWEEN 2018 AND 2023
     16.6 COMPANY PRODUCT FOOTPRINT ANALYSIS 
             TABLE 270 COMPANY PRODUCT FOOTPRINT
             TABLE 271 COMPANY TYPE FOOTPRINT
             TABLE 272 COMPANY SHIP TYPE FOOTPRINT
             TABLE 273 COMPANY REGION FOOTPRINT
     16.7 COMPANY EVALUATION QUADRANT 
             16.7.1 STARS
             16.7.2 EMERGING LEADERS
             16.7.3 PERVASIVE PLAYERS
             16.7.4 PARTICIPANTS
                        FIGURE 60 ELECTRIC SHIPS MARKET COMPETITIVE LEADERSHIP MAPPING, 2022
     16.8 STARTUPS/SME EVALUATION QUADRANT 
             16.8.1 PROGRESSIVE COMPANIES
             16.8.2 RESPONSIVE COMPANIES
             16.8.3 DYNAMIC COMPANIES
             16.8.4 STARTING BLOCKS
                        FIGURE 61 ELECTRIC SHIPS MARKET: STARTUPS/SME COMPETITIVE LEADERSHIP MAPPING, 2022
     16.9 COMPETITIVE BENCHMARKING 
             TABLE 274 ELECTRIC SHIP MARKET: KEY STARTUPS/SMES
     16.1 COMPETITIVE SCENARIO 
             16.10.1 DEALS
                         TABLE 275 DEALS, 2018–2023
             16.10.2 PRODUCT LAUNCHES
                         TABLE 276 PRODUCT LAUNCHES, 2018–2023
             16.10.3 OTHERS
                         TABLE 277 OTHERS, 2018–2023
 
17 COMPANY PROFILES (Page No. - 274)
(Business Overview, Products Offered, Recent Developments, MnM View Right to win, Strategic choices made, Weaknesses and competitive threats) *  
     17.1 INTRODUCTION 
     17.2 KEY PLAYERS 
             17.2.1 ABB
                        TABLE 278 ABB: BUSINESS OVERVIEW
                        FIGURE 62 ABB: COMPANY SNAPSHOT
                        TABLE 279 ABB: PRODUCTS/SERVICES/SOLUTIONS OFFERED
                        TABLE 280 ABB: DEALS
             17.2.2 WÄRTSILÄ
                        TABLE 281 WÄRTSILÄ: BUSINESS OVERVIEW
                        FIGURE 63 WÄRTSILÄ: COMPANY SNAPSHOT
                        TABLE 282 WÄRTSILÄ: PRODUCTS/SERVICES/SOLUTIONS OFFERED
                        TABLE 283 WÄRTSILÄ: DEALS
                        TABLE 284 WÄRTSILÄ: PRODUCT LAUNCHES
             17.2.3 KONGSBERG GRUPPEN
                        TABLE 285 KONGSBERG GRUPPEN: BUSINESS OVERVIEW
                        FIGURE 64 KONGSBERG GRUPPEN: COMPANY SNAPSHOT
                        TABLE 286 KONGSBERG GRUPPEN: PRODUCTS/SERVICES/SOLUTIONS OFFERED
                        TABLE 287 KONGSBERG GRUPPEN: DEALS
             17.2.4 GENERAL ELECTRIC COMPANY
                        TABLE 288 GENERAL ELECTRIC COMPANY: BUSINESS OVERVIEW
                        FIGURE 65 GENERAL ELECTRIC COMPANY: COMPANY SNAPSHOT
                        TABLE 289 GENERAL ELECTRIC COMPANY: PRODUCTS/SERVICES/SOLUTIONS OFFERED
                        TABLE 290 GENERAL ELECTRIC COMPANY: DEALS
             17.2.5 VARD (FINCANTIERI)
                        TABLE 291 VARD (FINCANTIERI): BUSINESS OVERVIEW
                        TABLE 292 VARD (FINCANTIERI): PRODUCTS/SERVICES/SOLUTIONS OFFERED
                        TABLE 293 VARD (FINCANTIERI): DEALS
             17.2.6 SIEMENS
                        TABLE 294 SIEMENS: BUSINESS OVERVIEW
                        FIGURE 66 SIEMENS: COMPANY SNAPSHOT
                        TABLE 295 SIEMENS: PRODUCTS/SERVICES/SOLUTIONS OFFERED
                        TABLE 296 SIEMENS: DEALS
             17.2.7 LECLANCHÉ SA
                        TABLE 297 LECLANCHÉ SA: BUSINESS OVERVIEW
                        FIGURE 67 LECLANCHÉ SA: COMPANY SNAPSHOT
                        TABLE 298 LECLANCHÉ SA: PRODUCTS/SERVICES/SOLUTIONS OFFERED
                        TABLE 299 LECLANCHÉ SA: DEALS
                        TABLE 300 LECLANCHÉ SA: PRODUCT LAUNCHES
             17.2.8 BAE SYSTEMS
                        TABLE 301 BAE SYSTEMS: BUSINESS OVERVIEW
                        FIGURE 68 BAE SYSTEMS: COMPANY SNAPSHOT
                        TABLE 302 BAE SYSTEMS: PRODUCTS/SERVICES/SOLUTIONS OFFERED
                        TABLE 303 BAE SYSTEMS: DEALS
             17.2.9 SAFT
                        TABLE 304 SAFT: BUSINESS OVERVIEW
                        FIGURE 69 SAFT: COMPANY SNAPSHOT
                        TABLE 305 SAFT: PRODUCTS/SERVICES/SOLUTIONS OFFERED
                        TABLE 306 SAFT: DEALS
             17.2.10 NORWEGIAN ELECTRIC SYSTEMS AS (HAVYARD GROUP ASA)
                        TABLE 307 NORWEGIAN ELECTRIC SYSTEMS AS (HAVYARD GROUP ASA): BUSINESS OVERVIEW
                        TABLE 308 NORWEGIAN ELECTRIC SYSTEMS AS (HAVYARD GROUP ASA): PRODUCTS/SERVICES/SOLUTIONS OFFERED
                        TABLE 309 NORWEGIAN ELECTRIC SYSTEMS AS (HAVYARD GROUP ASA): DEALS
             17.2.11 MAN ENERGY SOLUTIONS SE (TRATON GROUP)
                        TABLE 310 MAN ENERGY SOLUTIONS SE (TRATON GROUP): BUSINESS OVERVIEW
                        TABLE 311 MAN ENERGY SOLUTIONS SE (TRATON GROUP): PRODUCTS & SERVICES OFFERED
                        TABLE 312 MAN ENERGY SOLUTIONS SE (TRATON GROUP): DEALS
             17.2.12 CORVUS ENERGY
                        TABLE 313 CORVUS ENERGY: BUSINESS OVERVIEW
                        TABLE 314 CORVUS ENERGY: PRODUCTS/SERVICES/SOLUTIONS OFFERED
                        TABLE 315 CORVUS ENERGY: DEALS
                        TABLE 316 CORVUS ENERGY: OTHERS
             17.2.13 ECHANDIA MARINE AB
                        TABLE 317 ECHANDIA MARINE AB: BUSINESS OVERVIEW
                        TABLE 318 ECHANDIA MARINE AB: PRODUCTS/SERVICES/SOLUTIONS OFFERED
                        TABLE 319 ECHANDIA MARINE AB: DEALS
             17.2.14 GENERAL DYNAMICS ELECTRIC BOAT
                        TABLE 320 GENERAL DYNAMICS ELECTRIC BOAT: BUSINESS OVERVIEW
                        TABLE 321 GENERAL DYNAMICS ELECTRIC BOAT: PRODUCTS/SERVICES/SOLUTIONS OFFERED
                        TABLE 322 GENERAL DYNAMICS ELECTRIC BOAT: DEALS
             17.2.15 ANGLO BELGIAN CORPORATION (ABC) NV
                        TABLE 323 ANGLO BELGIAN CORPORATION (ABC) NV: BUSINESS OVERVIEW
                        TABLE 324 ANGLO BELGIAN CORPORATION (ABC) NV: PRODUCTS/SERVICES/SOLUTIONS OFFERED
                        TABLE 325 ANGLO BELGIAN CORPORATION (ABC) NV: DEALS
             17.2.16 SCHOTTEL GMBH
                        TABLE 326 SCHOTTEL GMBH: BUSINESS OVERVIEW
                        TABLE 327 SCHOTTEL GMBH: PRODUCTS/SERVICES/SOLUTIONS OFFERED
                        TABLE 328 SCHOTTEL GMBH: DEALS
             17.2.17 VISEDO (DANFOSS)
                        TABLE 329 VISEDO (DANFOSS): BUSINESS OVERVIEW
                        TABLE 330 VISEDO (DANFOSS): PRODUCTS/SERVICES/SOLUTIONS OFFERED
                        TABLE 331 VISEDO (DANFOSS): DEALS
             17.2.18 BORGWARNER
                        TABLE 332 BORGWARNER: BUSINESS OVERVIEW
                        TABLE 333 BORGWARNER: PRODUCTS/SERVICES/SOLUTIONS OFFERED
                        TABLE 334 BORGWARNER: DEALS
             17.2.19 FJELLSTRAND
                        TABLE 335 FJELLSTRAND: BUSINESS OVERVIEW
                        TABLE 336 FJELLSTRAND: PRODUCTS/SERVICES/SOLUTIONS OFFERED
                        TABLE 337 FJELLSTRAND: PRODUCT LAUNCHES
                        TABLE 338 FJELLSTRAND: DEALS
             17.2.20 SØBY VÆRFT A/S
                        TABLE 339 SØBY VÆRFT A/S: BUSINESS OVERVIEW
                        TABLE 340 SØBY VÆRFT A/S: PRODUCTS/SERVICES/SOLUTIONS OFFERED
             17.2.21 MITSUBISHI SHIPBUILDING CO. LTD.
                        TABLE 341 MITSUBISHI SHIPBUILDING CO. LTD.: BUSINESS OVERVIEW
                        TABLE 342 MITSUBISHI SHIPBUILDING CO. LTD.: PRODUCTS/SERVICES/SOLUTIONS OFFERED
                        TABLE 343 MITSUBISHI SHIPBUILDING CO. LTD.: DEALS
     17.3 OTHER PLAYERS 
             17.3.1 ECO MARINE POWER CO. LTD.
                        TABLE 344 ECO MARINE POWER CO. LTD.: COMPANY OVERVIEW
             17.3.2 EST FLOATTECH
                        TABLE 345 EST FLOATTECH: COMPANY OVERVIEW
             17.3.3 THE COCHIN SHIPYARD
                        TABLE 346 THE COCHIN SHIPYARD: COMPANY OVERVIEW
             17.3.4 SHIFT
                        TABLE 347 SHIFT: COMPANY OVERVIEW
*Details on Business Overview, Products Offered, Recent Developments, MnM View, Right to win, Strategic choices made, Weaknesses and competitive threats might not be captured in case of unlisted companies.  
 
18 APPENDIX (Page No. - 358)
     18.1 DISCUSSION GUIDE 
     18.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 
     18.3 CUSTOMIZATION OPTIONS 
     18.4 RELATED REPORTS 
     18.5 AUTHOR DETAILS 
 

The study involved four major activities in estimating the current market size for the Electric Ship market. Exhaustive secondary research was conducted to collect information on the market, the peer markets, and the parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, market breakdown and data triangulation procedures were used to estimate the market size of segments and subsegments.

Secondary Research

In the secondary research process, various secondary sources, such as D&B Hoovers, Bloomberg, BusinessWeek, and different magazines, were referred to identify and collect information for this study. Secondary sources also included annual reports, press releases & investor presentations of companies, certified publications, articles by recognized authors, and simulator databases.

Primary Research

The Electric Ship market comprises several stakeholders, such as raw material providers, Electric Ship manufacturers and electrical system providers, and regulatory organizations in the supply chain. While the demand side of this market is characterized by various end users, the supply side is characterized by technological advancements in electric ships. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information. Following is the breakdown of primary respondents:

Electric Ship Market Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Both top-down and bottom-up approaches were used to estimate and validate the total size of the Electric Ship market. These methods were also used extensively to estimate the size of various subsegments of the market. The research methodology used to estimate the market size includes the following:

  • Key players in the industry and markets were identified through extensive secondary research.
  • The industry’s supply chain and market size, in terms of value, were determined through primary and secondary research processes.
  • All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.

Market size estimation methodology: Bottom-Up Approach

The bottom-up approach was employed to arrive at the overall size of the Electric Ship market from the demand for such systems and components by end users in each country, and the average cost of electric ships system was multiplied by the new ship deliveries and retorofit fleet size, respectively. These calculations led to the estimation of the overall market size.

Electric Ship Market Size, and Bottom-Up Approach

Market size estimation methodology: Top-Down Approach

In the top-down approach, the overall market size was used to estimate the size of individual markets (mentioned in the market segmentation) acquired through percentage splits from secondary and primary research. For the calculation of specific market segments, the size of the most appropriate, immediate parent market was used to implement the top-down approach. The bottom-up approach was also implemented to validate the revenue obtained for various market segments.

  • Companies supplying electric ships, as well as components, were included in the report.
  • The total revenue of these companies was identified through their annual reports and other authentic sources. In cases where annual reports were not available, company earnings were estimated based on the number of employees, press releases, and any publicly available data.
  • Company revenue was calculated based on the various operating segments.
  • All publicly available company contracts related to electric ships were mapped and summed up.
  • Based on these parameters (contracts, agreements, partnerships, joint ventures, product matrix, secondary research), the share of electric ships in each segment was estimated.

Electric Ship Market Size, and Top-Down Approach

Data Triangulation

After arriving at the overall market size-using the market size estimation process explained above-the market was split into several segments and subsegments. Data triangulation and market breakdown procedures were employed, wherever applicable, to complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment. The data was triangulated by studying various factors and trends from both the demand and supply sides of the Electric Ship market.

Report Objectives

  • To identify and analyze key drivers, restraints, challenges, and opportunities influencing the growth of the Electric Ship market
  • To analyze the impact of macro and micro indicators on the market
  • To forecast the market size of segments for four regions, namely, North America, Europe, Asia Pacific, and Rest of the World along with major countries in each of these regions
  • To strategically analyze micro markets with respect to individual technological trends, prospects, and their contribution to the overall market
  • To strategically profile key market players and comprehensively analyze their market ranking and core competencies
  • To provide a detailed competitive landscape of the market, along with an analysis of business and corporate strategies, such as contracts, agreements, partnerships, and expansions.
  • To identify detailed financial positions, key products, unique selling points, and key developments of leading companies in the market

Market Definition

An electric ship is a vessel powered by a battery system and has diesel generators to back up the battery system during high power requirements, or when the batteries are drained.

The report on the electric ships market covers the electrification of existing ships under the retrofit segment. The demand for new ships with hybrid propulsion is covered under the line fit segment, and the demand for fully electric ships with electric propulsion is covered under the newbuild segment.

The demand for fully electric and hybrid ships is high in the North American and European regions, especially, in countries such as the US, Canada, Norway, Sweden, Denmark, Finland, Australia, and New Zealand, due to the stringent regulations formulated by agencies and organizations such as the International Maritime Organization (IMO) and various local government legislation regarding pollution and emissions from ships.

Market Stakeholders

  • System/Component Manufacturers
  • Passenger Vessel Operators
  • Shipping Vessel Operators
  • Government Organizations
  • Shipbuilders
  • System Integrators

Available customizations

Along with the market data, MarketsandMarkets offers customizations as per the specific needs of companies. The following customization options are available for the report:

Product Analysis

  • Product matrix, which gives a detailed comparison of the product portfolio of each company

Regional Analysis

  • Further breakdown of the market segments at country-level

Company Information

  • Detailed analysis and profiling of additional market players (up to 6)
Custom Market Research Services

We will customize the research for you, in case the report listed above does not meet with your exact requirements. Our custom research will comprehensively cover the business information you require to help you arrive at strategic and profitable business decisions.

Request Customization

Instant Answers with GPT - Ask Now!

Ask real questions. Get complete answers !
Report Code
AS 7444
Published ON
Mar, 2023
GET A FREE SAMPLE

FREE Sample Pages includes Electric Ship Market analysis, growth, market forecasts and much more.

REQUEST FREE SAMPLE

Order Your Copy Now

ORDER THIS REPORT
  • SHARE
X
Request Customization
Speak to Analyst
Speak to Analyst
OR FACE-TO-FACE MEETING
PERSONALIZE THIS RESEARCH
  • Triangulate with your Own Data
  • Get Data as per your Format and Definition
  • Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
  • Any level of Personalization
REQUEST A FREE CUSTOMIZATION
LET US HELP YOU!
  • What are the Known and Unknown Adjacencies Impacting the Electric Ship Market
  • What will your New Revenue Sources be?
  • Who will be your Top Customer; what will make them switch?
  • Defend your Market Share or Win Competitors
  • Get a Scorecard for Target Partners
CUSTOMIZED WORKSHOP REQUEST
+1-888-600-6441
  • Call Us
  • +1-888-600-6441 (Corporate office hours)
  • +1-888-600-6441 (US/Can toll free)
  • +44-800-368-9399 (UK office hours)
CONNECT WITH US
ABOUT TRUST ONLINE
©2023 MarketsandMarkets Research Private Ltd. All rights reserved
DMCA.com Protection Status Website Feedback