Electric Ships Market

Table of Contents

1 Introduction (Page No. - 23)
    1.1 Objectives of the Study
    1.2 Market Definition
           1.2.1 Markets Covered
           1.2.2 Regional Scope
           1.2.3 Years Considered for the Study
    1.3 Currency & Pricing
    1.4 Market Stakeholders

2 Research Methodology (Page No. - 26)
    2.1 Research Data
           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
                    2.1.2.2 Breakdown of Primaries
    2.2 Market Definition & Scope
           2.2.1 Segment Definitions
                    2.2.1.1 Electric Ships Market, By System
                    2.2.1.2 Electric Ships Market, By End Use
                    2.2.1.3 Electric Ships Market, By Type
                    2.2.1.4 Electric Ships Market, By Mode of Operation
                    2.2.1.5 Electric Ships Market, By Power (kW)
                    2.2.1.6 Electric Ships Market, By Range (km)
                    2.2.1.7 Electric Ships Market, By Ship Type
           2.2.2 Exclusions
    2.3 Market Size Estimation & Methodology
           2.3.1 Bottom-Up Approach
           2.3.2 Top-Down Approach
    2.4 Data Triangulation
    2.5 Market Sizing & Forecasting
    2.6 Limitations

3 Executive Summary (Page No. - 36)

4 Premium Insights (Page No. - 39)
    4.1 Attractive Growth Opportunities in Electric Ships Market
    4.2 Hybrid Ships Market, By Type
    4.3 Electric Ships Market, By Range
    4.4 Electric Ships Market, By Ship Type
    4.5 Commercial Electric Ships Market, By Type
    4.6 Electric Ships Market, By Region

5 Market Overview (Page No. - 42)
    5.1 Introduction
    5.2 Roadmap of Marine Electrification
    5.3 Market Dynamics
           5.3.1 Drivers
                    5.3.1.1 Implementation of Sulfur 2020 Rule
                    5.3.1.2 Rise in Adoption of Hybrid and Electric Propulsion Technologies for Retrofitting Ships
                    5.3.1.3 Increase in Seaborne Trade Across the Globe
                    5.3.1.4 Growing Maritime Tourism Industry
                    5.3.1.5 Development of Lithium-Ion Batteries
           5.3.2 Restraints
                    5.3.2.1 High 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
                    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 Cost

6 Industry Trends (Page No. - 53)
    6.1 Introduction
    6.2 Roadmap Towards Emission Free Shipping Industry
    6.3 Phasing of Marine Propulsion Technologies
    6.4 Value Chain Analysis
    6.5 Key Autonomous Ships Development Projects
           6.5.1 Rolls-Royce Marine – 2020
           6.5.2 Kongsberg and Yara – 2020
           6.5.3 Japanese Consortium – 2025
    6.6 Emerging Trends
           6.6.1 Electrification of Leisure Boats
           6.6.2 Potential of Hybrid Technology
           6.6.3 Fully Electric Ferries for Passenger Transport
           6.6.4 Solar Sails
           6.6.5 Advanced Batteries for Electric Ships
           6.6.6 Potential of Hydrogen as A Zero Emission Fuel for the Shipping Industry
    6.7 Innovations & Patent Registrations

7 Electric Ships Market, By Type (Page No. - 61)
    7.1 Introduction
    7.2 Fully Electric
           7.2.1 Lithium Battery
                    7.2.1.1 Lithium Batteries are Major Power Source for Hybrid and Fully Electric Vessels
           7.2.2 Lead Acid Battery
                    7.2.2.1 Wide Range of Applications in the Marine Sector Increases the Demand for Lead Acid Batteries
           7.2.3 Electro-Solar
                    7.2.3.1 Electro-Solar Technology Involves the Use of Renewable Energy to Recharge Batteries in Ships
           7.2.4 Fuel Cells
                    7.2.4.1 Fuel Cells are an Alternative Technology to Lithium-Ion and Lead Acid Batteries
    7.3 Hybrid
           7.3.1 Diesel & Battery-Driven
                    7.3.1.1 Significant Advancements in Hybrid Technology Encouraged Adoption of Hybrid-Electric Propulsion for Large Cruise Ships
           7.3.2 Lpg/Lng & Battery-Driven
                    7.3.2.1 Lpg/Lng Based Engines Use Electric Propulsion Motors to Power Ships

8 Electric Ships Market, By System (Page No. - 68)
    8.1 Introduction
    8.2 Energy Storage Systems
           8.2.1 <1,000 kW
                    8.2.1.1 <1,000 kW Energy Storage Systems are Majorly Required By Small Ships
           8.2.2 1,001–5,000 kW
                    8.2.2.1 Medium-Sized Ships With Medium Sailing Speed Require 1,001-5,000 kW
           8.2.3 >5,000 kW
                    8.2.3.1 Large Ships Use >5,000 kW Power
    8.3 Power Conversion
    8.4 Power Generation
           8.4.1 Generators
                    8.4.1.1 Rise in Demand for Electric Propulsion is Driving the Demand for Generators
           8.4.2 Engines
                    8.4.2.1 Rise in Demand for Hybrid Driven Propulsion is Driving the Demand for Engines
           8.4.3 Propulsion Motors
                    8.4.3.1 Power for Propulsion Motor is Supplied By the Ship’s Generator and Prime Mover Assembly
    8.5 Power Distribution

9 Electric Ships Market, By Mode of Operation (Page No. - 75)
    9.1 Introduction
    9.2 Manned
           9.2.1 Large Retrofit Market Potential for Manned Cargo Vessels is Expected to Drive the Market for Electric Ships
    9.3 Remotely Operated
           9.3.1 Remotely Operated Ships are Controlled By Operators Via Satellite Communications
    9.4 Autonomous
           9.4.1 Autonomous Electric Ships Function Based on Artificial Intelligence and Sensor Fusion Technologies

10 Electric Ships Market, By Ship Type (Page No. - 79)
     10.1 Introduction
     10.2 Commercial
             10.2.1 Passenger Vessels
                        10.2.1.1 Yachts
                                     10.2.1.1.1 Fully Electric Yachts have the Ability to Use Solar Power to Charge the Batteries
                        10.2.1.2 Ferries
                                     10.2.1.2.1 The Adoption of Electric Ferries is High in North America and Europe Due to the Changing Environmental Regulations.
                        10.2.1.3 Cruise Ships
                                     10.2.1.3.1 The Adoption of Hybrid-Electric Propulsion Technologies for Cruise Ships is Estimated to Increase in the Coming Years
             10.2.2 Cargo Vessels
                        10.2.2.1 Container Vessels
                                     10.2.2.1.1 Container Ships Were the First to Adopt A Full Electric Set Up Due to Their Smaller Size and Distance Traveled.
                        10.2.2.2 Bulk Carriers
                                     10.2.2.2.1 The Demand for Retrofitting Existing Bulk Carriers is Expected to Increase in the Coming Years
                        10.2.2.3 Tankers
                                     10.2.2.3.1 Japense Company Designed A Domestic Fully Electric Shipping Tanker Using Lithium-Ion Batteries.
                        10.2.2.4 General Cargo Ships
                                     10.2.2.4.1 The Potential of the Retrofit Market for General Cargo Ships is High
             10.2.3 Others
                        10.2.3.1 Fishing Vessels
                                     10.2.3.1.1 Rising Adoption of Electric Propulsion in Fishing Vessel
                        10.2.3.2 Dredgers
                                     10.2.3.2.1 Dredgers have Been Using A Diesel-Electric Propulsion System
                        10.2.3.3 Tugs & Workboats
                                     10.2.3.3.1 Tugs & Workboats Account for A Major Share in the World’s Ships Fleet
                        10.2.3.4 Research Vessels
                                     10.2.3.4.1 Market for Retrofitting Research Vessels is Larger Than That for Newbuilds at Present
                        10.2.3.5 Submarines
                                     10.2.3.5.1 Fully Electric Submarines are Useful for Underwater Exploration as There is Minimal Vibration From the Motor
     10.3 Defense
             10.3.1 Destroyers
                        10.3.1.1 Defense Forces of Countries Like Us, the Uk, and India are Focusing on Integrating Electric Propulsive Destroyers to Its Fleet
             10.3.2 Frigates
                        10.3.2.1 Electric and Hybrid Propulsion has Been Used in Frigates Either Directly Or Along With A Diesel Engine
             10.3.3 Corvettes
                        10.3.3.1 South Korea Ordered Corvettes With All-Electric Propulsion
             10.3.4 Offshore Support Vessels (OSV)
                        10.3.4.1 The Adoption of Hybrid Propulsion Technology for Offshore Support Vessels is Estimated to Increase During the Forecast Period
             10.3.5 Aircraft Carriers
                        10.3.5.1 Indian Navy, There is A Possibility of Using an Aircraft Carrier With Hybrid Propulsion
             10.3.6 Submarines
                        10.3.6.1 Us, France, and India are Currently Using Or Developing Electric Propulsion Systems

11 Electric Ships Market, By Power (Page No. - 88)
     11.1 Introduction
     11.2 <75 kW
             11.2.1 Demand for Fully Electric Yachts in the European Region to Drive the Electric Ships Market
     11.3 75–150 kW
             11.3.1 Use of Fully Electric Ferries for Transport Will Drive the Electric Ships Market
     11.4 151–745 kW
             11.4.1 Cargo Vessels in the 151–745 kW Range has Large Retrofit Potential
     11.5 746–7,560 kW
             11.5.1 Increased Investment in Hybrid-Electric Propulsion Systems Drive the Market for Electric Ships
             11.5.2 Adoption of Electric Propulsion in Large-Sized Container and Cargo Ships is Driving the Demand for These Ships Having Power >7,560 kW

12 Electric Ships Market, By Range (Page No. - 91)
     12.1 Introduction
     12.2 <50 km
             12.2.1 Adoption of Fully Electric Passenger Ferries and Tugs Drive the Demand for Electric Ships
     12.3 50–100 km
             12.3.1 Demand for Fully Electric Container Ships Will Drive the Demand for Electric Propulsion
     12.4 101–1,000 km
             12.4.1 Retrofit of Cargo Vessels to Drive the Market for Electric Ships
     12.5 >1,000 km
             12.5.1 Increased Investment in Hybrid-Electric Propulsion Systems Will Bear Fruit as the Adoption Rate Increases for Long-Voyage Ships

13 Electric Ships Market, By End Use (Page No. - 94)
     13.1 Introduction
     13.2 Newbuild & Line Fit
             13.2.1 High Demand for Fully Electric Ferries in Europe is Expected to Drive the Market for Electric Ships
     13.3 Retrofit
             13.3.1 Shipowners Update Or Retrofit Equipment Installed on Existing Vessels to Increase Their Efficiency and Extend Their Durability

14 Regional Analysis (Page No. - 98)
     14.1 Introduction
     14.2 North America
             14.2.1 US
                        14.2.1.1 Increasing Demand for Luxury Sailing Will Raise the Adoption of Electric Boats
             14.2.2 Canada
                        14.2.2.1 Canada Government’s Strategic Decision to Develop Its Indigenous Marine Industry to Grow the Market
     14.3 Europe
             14.3.1 Norway
                        14.3.1.1 Implementation of Imo Rule is Major Factor Driving the Adoption of Hybrid Or Electric Driven Propulsion in the Shipping Industry in Norway
             14.3.2 Greece
                        14.3.2.1 Stringent Imo 2020 Rule is Driving the Demand for Electric Ships in Greece
             14.3.3 Netherlands
                        14.3.3.1 Push Toward Using Zero-Emission Ships are Driving the Electric Ships Market in the Netherlands
             14.3.4 France
                        14.3.4.1 Presence of Stringent Regulations Drive the Demand for Electric Ships in France
             14.3.5 Rest of Europe
     14.4 Asia Pacific
             14.4.1 China
                        14.4.1.1 Presence of Several Shipbuilding Companies in China Boost the Growth of the Electric Ships Market in the Country
             14.4.2 South Korea
                        14.4.2.1 Adoption of Fuel Cells for the Development of Ships and the Aim Towards Achieving A Hydrogen Economy are Expected to Fuel Electric Ships Market in South Korea
             14.4.3 Japan
                        14.4.3.1 Focus on Reducing Greenhouse Gas Emissions From International Shipping is Supporting the Growth of Electric Ships Market in Japan
             14.4.4 New Zealand
                        14.4.4.1 There is A Switch From Diesel-Driven Ships to Electric Ships in New Zealand to Reduce Operational Costs
             14.4.5 Rest of Asia Pacific
                        14.4.5.1 Development of Electric Passenger Ferries is Expected to Fuel the Growth of Electric Ships in Rest of Asia Pacific
     14.5 Rest of the World
             14.5.1 Latin America
                        14.5.1.1 Large Fleet Size of Ships in Latin America Encourages Adoption of Hybrid Propulsion
             14.5.2 Middle East & Africa
                        14.5.2.1 Retrofitting Existing Fleet Size of Ships is Driving the Electric Ships Market in Middle East & Africa

15 Competitive Landscape (Page No. - 133)
     15.1 Introduction
     15.2 Major Players, 2018
     15.3 Competitive Scenario
     15.4 Competitive Leadership Mapping
             15.4.1 Visionary Leaders
             15.4.2 Innovators
             15.4.3 Dynamic Differentiators
             15.4.4 Emerging Companies
     15.5 Strength of Product Portfolio
     15.6 Business Strategy Excellence
     15.7 Competitive Scenario
             15.7.1 New Product Launches
             15.7.2 Contracts
             15.7.3 Expansions & Acquisitions
             15.7.4 Partnerships, Agreements, Joint Ventures, and Collaborations

16 Company Profiles (Page No. - 145)
     16.1 ABB
(Business Overview, Products/Solutions/Services Offered, Customers and Application Areas, Unique Value Proposition and Right to Win, Growth Strategy, Organic Strategy, Inorganic Strategy, Recent Developments, SWOT Analysis, and MnM View)*
     16.2 Wartsila
     16.3 Kongsberg Gruppen
     16.4 General Electric (GE)
     16.5 Vard
     16.6 Siemens
     16.7 Leclanché SA
     16.8 Bae Systems
     16.9 Norwegian Electric Systems
     16.1 MAN Energy Solutions SE
     16.11 Corvus Energy
     16.12 Echandia Marine AB
     16.13 General Dynamics Electric Boat
     16.14 Anglo Belgian Corporation (ABC) NV 
     16.15 Schottel GmbH
     16.16 Visedo
     16.17 ECO Marine Power Co Ltd.
     16.18 Akasol AG
     16.19 EST Floattech
     16.20 Saft (Total)

*Details on Business Overview, Products/Solutions/Services Offered, Customers and Application Areas, Unique Value Proposition and Right to Win, Growth Strategy, Organic Strategy, Inorganic Strategy, Recent Developments, SWOT Analysis, and MnM View Might Not Be Captured in Case of Unlisted Companies.

17 Appendix (Page No. - 194)
     17.1 Discussion Guide
     17.2 Knowledge Store: Marketsandmarkets™ Subscription Portal
     17.3 Available Customizations
     17.4 Related Reports
     17.5 Author Details

List of Tables (131 Tables)

Table 1 USD Exchange Rates, 2017–2019
Table 2 Research Assumptions
Table 3 Milestones of the Implementation Plan for Electrification in Marine Transport
Table 4 Sulfur Content Regulations in Bunker Fuel
Table 5 Current Battery Capacity and Requirements of Ships
Table 6 Capital Expenditure, Savings, and Payback
Table 7 Capital Expenditure, Savings, and Payback
Table 8 Capital Expenditure, Savings, and Payback
Table 9 Innovations & Patent Registrations, 2011–2017
Table 10 Electric Ships Market Size, By Type, 2017—2030 (USD Million)
Table 11 Global All Electric Ships Projects
Table 12 Ongoing Fuel Cell Projects in Shipping Industry
Table 13 Electric Ships Market Size, By System, 2017—2030 (USD Million)
Table 14 Comparison Between Principle Energy Storage Systems (Ess)
Table 15 Energy Storage Systems Market Size, By Wattage, 2017—2030 (USD Million)
Table 16 Electric Propulsion Ship (8,444G/T, Cement Carrying Vessel) and Existing Ship: Comparison
Table 17 Electric Ships Market Size, By Mode of Operation, 2017—2030 (USD Million)
Table 18 Electric Ships Market Size, By Ship Type, 2017—2030 (USD Million)
Table 19 Commercial Electric Ships Market Size, By Type, 2017—2030 (USD Million)
Table 20 Commercial Electric Ships Market Size, By Passenger Vessel, 2017—2030 (USD Million)
Table 21 Commercial Electric Ships Market Size, By Cargo Vessel, 2017—2030 (USD Million)
Table 22 Commercial Electric Ships Market Size, Other Vessel, 2017—2030 (USD Million)
Table 23 Defense Electric Ships Market Size, By Type, 2017—2030 (USD Million)
Table 24 Electric Ships Market Size, By Power, 2017—2030 (USD Million)
Table 25 Electric Ships Market Size, By Range, 2017—2030 (USD Million)
Table 26 Electric Ships Market Size, By End Use, 2017—2030 (USD Million)
Table 27 Newbuild & Line Fit Electric Ships Market Size, By Shipbuilding, 2017—2030 (USD Million)
Table 28 Electric Ships Market Size, By Region, 2017—2030 (USD Million)
Table 29 North America: Electric Ships Market Size, By Type, 2017—2030 (USD Million)
Table 30 North America: Fully Electric Ships Market Size, By Power Source, 2017–2030 (USD Million)
Table 31 North America: Hybrid Ships Market Size, By Power Source, 2017—2030 (USD Million)
Table 32 North America: Electric Ships Market Size, By Ship Type, 2017—2030 (USD Million)
Table 33 North America: Commercial Electric Ships Market Size, By Type, 2017–2030 (USD Million)
Table 34 North America: Commercial Electric Ships Market Size, By Passenger Vessel, 2017—2030 (USD Million)
Table 35 North America: Commercial Electric Ships Market Size, By Cargo Vessel, 2017—2030 (USD Million)
Table 36 North America: Commercial Electric Ships Market Size, By Other Vessel, 2017—2030 (USD Million)
Table 37 North America: Electric Ships Market Size, By Mode of Operation, 2017—2030 (USD Million)
Table 38 North America: Electric Ships Market Size, By End Use, 2017—2030 (USD Million)
Table 39 North America: Electric Ships Market Size, By Range, 2017—2030 (USD Million)
Table 40 North America: Electric Ships Market Size, By Power, 2017—2030 (USD Million)
Table 41 North America: Electric Ships Market Size, By Country, 2017—2030 (USD Million)
Table 42 US: Electric Ships Market Size, By Type, 2017—2030 (USD Million)
Table 43 US: Electric Ships Market Size, By Ship Type, 2017—2030 (USD Million)
Table 44 US: Electric Ships Market Size, By End Use, 2017—2030 (USD Million)
Table 45 Canada: Electric Ships Market Size, By Type, 2017—2030 (USD Million)
Table 46 Canada: Electric Ships Market Size, By Ship Type, 2017—2030 (USD Million)
Table 47 Canada: Electric Ships Market Size, By End Use, 2017—2030 (USD Million)
Table 48 Europe: Electric Ships Market Size, By Type, 2017–2030 (USD Million)
Table 49 Europe: Fully Electric Ships Market Size, By Power Source, 2017–2030 (USD Million)
Table 50 Europe: Hybrid Ships Market Size, By Power Source, 2017–2030 (USD Million)
Table 51 Europe: Electric Ships Market Size, By Ship Type, 2017–2030 (USD Million)
Table 52 Europe: Commercial Electric Ships Market Size, By Type, 2017–2030 (USD Million)
Table 53 Europe: Commercial Electric Ships Market Size, By Passenger Vessel, 2017–2030 (USD Million)
Table 54 Europe: Commercial Electric Ships Market Size, By Cargo Vessel, 2017–2030 (USD Million)
Table 55 Europe: Commercial Electric Ships Market Size, By Other Vessel, 2017–2030 (USD Million)
Table 56 Europe: Electric Ships Market Size, By Mode of Operation, 2017–2030 (USD Million)
Table 57 Europe: Electric Ships Market Size, By End Use, 2017–2030 (USD Million)
Table 58 Europe: Electric Ships Market Size, By Range, 2017–2030 (USD Million)
Table 59 Europe: Electric Ships Market Size, By Power, 2017–2030 (USD Million)
Table 60 Europe: Electric Ships Market Size, By Country, 2017–2030 (USD Million)
Table 61 Norway: Electric Ship Market Size, By Type, 2017–2030 (USD Million)
Table 62 Norway: Electric Ships Market Size, By Ship Type, 2017–2030 (USD Million)
Table 63 Norway: Electric Ships Market Size, By End Use, 2017–2030 (USD Million)
Table 64 Greece: Electric Ships Market Size, By Type, 2017–2030 (USD Million)
Table 65 Greece: Electric Ships Market Size, By Ship Type, 2017–2030 (USD Million)
Table 66 Greece: Electric Ships Market Size, By End Use, 2017–2030 (USD Million)
Table 67 Netherlands: Electric Ships Market Size, By Type, 2017–2030 (USD Million)
Table 68 Netherlands: Electric Ships Market Size, By Ship Type, 2017–2030 (USD Million)
Table 69 Netherlands: Electric Ships Market Size, By End Use, 2017–2030 (USD Million)
Table 70 France: Electric Ships Market Size, By Type, 2017–2030 (USD Million)
Table 71 France: Electric Ships Market Size, By Ship Type, 2017–2030 (USD Million)
Table 72 France: Electric Ships Market Size, By End Use, 2017–2030 (USD Million)
Table 73 Rest of Europe: Electric Ship Market Size, By Type, 2017–2030 (USD Million)
Table 74 Rest of Europe: Electric Ships Market Size, By Ship Type, 2017–2030 (USD Million)
Table 75 Rest of Europe: Electric Ships Market Size, By End Use, 2017–2030 (USD Million)
Table 76 Asia Pacific: Electric Ships Market Size, By Type, 2017–2030 (USD Million)
Table 77 Asia Pacific: Fully Electric Ships Market Size, By Power Source, 2017–2030 (USD Million)
Table 78 Asia Pacific: Hybrid Ships Market Size, By Power Source, 2017–2030 (USD Million)
Table 79 Asia Pacific: Electric Ships Market Size, By Ship Type, 2017–2030 (USD Million)
Table 80 Asia Pacific: Commercial Electric Ships Market Size, By Type, 2017–2030 (USD Million)
Table 81 Asia Pacific: Commercial Electric Ships Market Size, By Passenger Vessel, 2017–2030 (USD Million)
Table 82 Asia Pacific: Commercial Electric Ships Market Size, By Cargo Vessel, 2017–2030 (USD Million)
Table 83 Asia Pacific: Commercial Electric Ships Market Size, By Other Vessel, 2017–2030 (USD Million)
Table 84 Asia Pacific: Electric Ships Market Size, By Mode of Operation, 2017–2030 (USD Million)
Table 85 Asia Pacific: Electric Ships Market Size, By End Use, 2017–2030 (USD Million)
Table 86 Asia Pacific: Electric Ships Market Size, By Range, 2017–2030 (USD Million)
Table 87 Asia Pacific: Electric Ships Market Size, By Power, 2017–2030 (USD Million)
Table 88 Asia Pacific: Electric Ships Market Size, By Country, 2017–2030 (USD Million)
Table 89 China: Electric Ships Market Size, By Type, 2017–2030 (USD Million)
Table 90 China: Electric Ships Market Size, By Ship Type, 2017–2030 (USD Million)
Table 91 China: Electric Ships Market Size, By End Use, 2017–2030 (USD Million)
Table 92 South Korea: Electric Ships Market Size, By Type, 2017–2030 (USD Million)
Table 93 South Korea: Electric Ships Market Size, By Ship Type, 2017–2030 (USD Million)
Table 94 South Korea: Electric Ships Market Size, By End Use, 2017–2030 (USD Million)
Table 95 Japan: Electric Ships Market Size, By Type, 2017–2030 (USD Million)
Table 96 Japan: Electric Ships Market Size, By Ship Type, 2017–2030 (USD Million)
Table 97 Japan: Electric Ships Market Size, By End Use, 2017–2030 (USD Million)
Table 98 New Zealand: Electric Ships Market Size, By Type, 2017–2030 (USD Million)
Table 99 New Zealand: Electric Ships Market Size, By Ship Type, 2017–2030 (USD Million)
Table 100 New Zealand: Electric Ships Market Size, By End Use, 2017–2030 (USD Million)
Table 101 Rest of Asia Pacific: Electric Ships Market Size, By Type, 2017–2030 (USD Million)
Table 102 Rest of Asia Pacific: Electric Ships Market Size, By Ship Type, 2017–2030 (USD Million)
Table 103 Rest of Asia Pacific: Electric Ships Market Size, By End Use, 2017–2030 (USD Million)
Table 104 Rest of the World: Electric Ships Market Size, By Type, 2017—2030 (USD Million)
Table 105 Rest of the World: Fully Electric Ships Market Size, By Power Source, 2017—2030 (USD Million)
Table 106 Rest of the World: Hybrid Ships Market Size, By Power Source, 2017—2030 (USD Million)
Table 107 Rest of the World: Electric Ships Market Size, By Ship Type, 2017—2030 (USD Million)
Table 108 Rest of the World: Commercial Electric Ships Market Size, By Type, 2017—2030 (USD Million)
Table 109 Rest of the World: Commercial Electric Ships Market Size, By Passenger Vessel, 2017—2030 (USD Million)
Table 110 Rest of the World: Commercial Electric Ships Market Size, By Cargo Vessel, 2017–2030 (USD Million)
Table 111 Rest of the World: Commercial Electric Ships Market Size, By Other Vessel, 2017–2030 (USD Million)
Table 112 Rest of the World: Electric Ships Market Size, By Mode of Operation, 2017—2030 (USD Million)
Table 113 Rest of the World: Electric Ships Market Size, By End Use, 2017—2030 (USD Million)
Table 114 Rest of the World: Electric Ships Market Size, By Range, 2017—2030 (USD Million)
Table 115 Rest of the World: Electric Ships Market Size, By Power, 2017—2030 (USD Million)
Table 116 Rest of the World: Electric Ships Market Size, By Region, 2017—2030 (USD Million)
Table 117 Latin America: Electric Ships Market Size, By Type, 2017—2030 (USD Million)
Table 118 Latin America: Electric Ships Market Size, By Ship Type, 2017—2030 (USD Million)
Table 119 Latin America: Electric Ships Market Size, By End Use, 2017—2030 (USD Million)
Table 120 Middle East & Africa: Electric Ships Market Size, By Type, 2017—2030 (USD Million)
Table 121 Middle East & Africa: Electric Ships Market Size, By Ship Type, 2017—2030 (USD Million)
Table 122 Middle East & Africa: Electric Ships Market Size, By End Use, 2017—2030 (USD Million)
Table 123 New Product Launches, August 2015– May 2019
Table 124 Contracts, 2015 - 2019
Table 125 Expansions and Acquisitions, 2015–2019
Table 126 Partnerships, Agreements, Joint Ventures, and Collaborations, 2015 –2019
Table 127 ABB: SWOT Analysis
Table 128 Wartsila: SWOT Analysis
Table 129 Kongsberg: SWOT Analysis
Table 130 GE: SWOT Analysis
Table 131 Siemens: SWOT Analysis

List of Figures (53 Figures)

Figure 1 Report Process Flow
Figure 2 Electric Ships Market: Research Design
Figure 3 Breakdown of Primary Interviews: By Company Type, Designation & Region
Figure 4 Market Size Estimation Methodology: Bottom-Up Approach
Figure 5 Market Size Estimation Methodology: Top-Down Approach
Figure 6 Data Triangulation: Electric Ships Market
Figure 7 By Type, Hybrid Segment Projected to Lead Electric Ships Market From 2019 to 2030
Figure 8 By Mode of Operation, Manned Segment Projected to Dominate Electric Ships Market From 2019 to 2030
Figure 9 By End Use, Newbuild & Line Fit Segment Projected to Lead Electric Ships Market During Forecast Period
Figure 10 By System, Energy Storage Systems Segment Projected to Lead Electric Ships Market During Forecast Period
Figure 11 By Region, Europe is Projected to Lead Electric Ships Market From 2019 to 2030
Figure 12 Implementation of Sulfur 2020 Rule and Development of Lithium-Ion Batteries are Major Factors Driving Electric Ships Market
Figure 13 Diesel & Battery-Driven Segment to Lead Hybrid Ships Market During Forecast Period
Figure 14 <50 km Segment Projected to Lead Electric Ships Market From 2019 to 2030
Figure 15 Commercial Segment Expected to Dominate Electric Ships Market During Forecast Period
Figure 16 Passenger Vessels Segment to Lead Commercial Electric Ships Market From 2019 to 2030
Figure 17 Europe Expected to Lead Electric Ships Market From 2019 to 2025
Figure 18 Electric Ships Market Dynamics: Drivers, Restraints, Opportunities & Challenges
Figure 19 Global Seaborne Trade, By Quantity Traded, 2005–2017
Figure 20 Increase in Number of Cruise Passengers in Europe, 2007—2016
Figure 21 Global Cruise Industry Share, By Region, 2016
Figure 22 Most Common Lithium-Ion Batteries With Key Features
Figure 23 Relative Feasibility of Different Energy-Storage Technologies
Figure 24 Roadmap Towards Emission Free Shipping Industry
Figure 25 Potential Phasing of Different Propulsion Technologies in Marine Industry
Figure 26 Battery Energy Storage Systems: Maximum Value-Added During Manufacturing Stage
Figure 27 Fully Electric Segment Expected to Grow at the Highest CAGR During Forecast Period
Figure 28 Expert Views on Hybrid Technology
Figure 29 Power Conversion Segment Projected to Grow at the Highest CAGR During Forecast Period
Figure 30 Type of Energy Storage Systems
Figure 31 Adoption of Fuel Cells in Small & Medium Electric Ship
Figure 32 Electric Ships Market, By Mode of Operation, 2019 & 2030 (USD Million)
Figure 33 Commercial Segment Projected to Dominate Electric Ships Market During Forecast Period
Figure 34 151–745 kW Segment Projected to Lead Electric Ships Market During Forecast Period
Figure 35 The <50 km Segment Projected to Grow at the Highest CAGR During Forecast Period
Figure 36 Newbuild & Line Fit Segment is Expected to Grow at A Higher CAGR During Forecast Period
Figure 37 Europe Estimated to Hold Largest Share of Electric Ships Market in 2019
Figure 38 North America Electric Ships Market Snapshot
Figure 39 Europe Electric Ships Market Snapshot
Figure 40 Co2 Emissions From Domestic Shipping in Norway
Figure 41 Asia Pacific Electric Ships Market Snapshot
Figure 42 Major Players in Electric Ships Market, 2018
Figure 43 Companies Adopted Several Growth Strategies From August 2015 to October 2019
Figure 44 Electric Ships Competitive Leadership Mapping, 2019
Figure 45 ABB: Company Snapshot
Figure 46 Wartsila: Company Snapshot
Figure 47 Kongsberg Gruppen: Company Snapshot
Figure 48 General Electric: Company Snapshot
Figure 49 Vard: Company Snapshot
Figure 50 Siemens: Company Snapshot
Figure 51 Leclanche SA: Company Snapshot
Figure 52 BAE Systems: Company Snapshot
Figure 53 Saft: Company Snapshot

Exhaustive secondary research was undertaken to collect information on the electric ships market, its adjacent markets, and its parent market. The next step was to validate these findings, assumptions, and sizing with the industry experts across the value chain through primary research. Both demand and supply-side analyses were employed to estimate the overall size of the market. Thereafter, market breakdown and data triangulation procedures were used to estimate the market sizes of different segments and subsegments.

Secondary Research

In the secondary research process, various secondary sources such as Clarkson’s Research, International Maritime Organization (IMO), United Nations Conference on Trade and Development (UNCTAD), Statista, World Bank, Global Firepower, Defense IQ, Factiva, Bloomberg, BusinessWeek, SEC filings, annual reports, press releases & investor presentations of companies, certified publications, and articles by recognized authors were referred to for identifying and collecting information on the electric ships market.

Primary Research

The electric ships market comprises several stakeholders such as raw material suppliers, processors, end-product manufacturers, and integratory and regulatory organizations in its supply chain. The demand side of this market is characterized by various end-users, such as commercial organizations and military forces of different countries. The supply side is characterized by technological advancements in energy storage systems, electric propulsion systems, developers of alternate sources of energy, dual-fuel engines, and solar panels, among others. The following is the breakdown of the primary respondents that were interviewed to obtain qualitative and quantitative information about the electric ships market.

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 ships market. These methods were also used extensively to estimate the size of various segments and subsegments of the market. The research methodology used to estimate the market size included the following:

• Key players in the industry and market were identified through extensive secondary research of their product matrix and geographical presence and developments undertaken by them.
• All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.

Data Triangulation

After arriving at the overall size of the electric ships market using the market size estimation processes 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 demand as well as supply sides of the electric ships market.

Report Objectives

• To define, describe, and forecast the size of the electric ships market based on type, ship type, mode of operation, system, end-use, range, power, and region
• To forecast the size of segments of the market based on four regions, namely, North America, Europe, Asia Pacific, and the Rest of the World, along with major countries in each of these regions
• To identify and analyze key drivers, restraints, opportunities, and challenges influencing the growth of the market
• To identify industry trends, market trends, and technology trends currently prevailing in the market
• To analyze micromarkets1 with respect to individual technological trends, prospects, and their contribution to the overall market
• To analyze the degree of competition in the market by identifying key players
• To analyze competitive growth strategies, such as new product developments, contracts, partnerships, joint ventures agreements, collaborations, and acquisitions of the key players in the market
• To strategically profile key players in the electric ships market and comprehensively analyze their market share and core competencies2
• 1. Micromarkets are defined as further segments and subsegments of the electric ships market.
• 2. Core competencies of companies have been captured in terms of their key developments, SWOT analyses, and strategies adopted by key players to sustain their position in the market.

Available Customizations

Along with the market data, MarketsandMarkets offers customizations according to the specific requirements of companies.

Product Analysis

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

Company Information

• Detailed analysis and profiles of additional market players (up to 5)