Electric Ship Market Size, Size, Share & Trends 2032
Electric Ship Market by Point of Sale (Newbuild & Line Fit vs. Retrofit), Technology (Fully Electric vs. Hybrid), Ship Type (Commercial, Defense), Solution (Storage, Conversion, Generation, Distribution, Drive) and Region - Global Forecast to 2032
USD 18.39 BN
MARKET SIZE, 2030
CAGR 21%
(2025-2030)
357
REPORT PAGES
405
MARKET TABLES
OVERVIEW
Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis
The electric ship market is estimated at USD 4.85 billion in 2025 and is projected to reach USD 18.39 billion by 2032, at a CAGR of 21.0%. In terms of volume, the electric ship market is projected to grow from 553 units in 2024 to 2,958 units in 2032. Market growth is driven by the increasing demand for low-emission maritime transport, stricter regulations under the International Maritime Organization (IMO) decarbonization targets, and the rising adoption of hybrid and fully electric propulsion in ferries, tugboats, and support vessels.
KEY TAKEAWAYS
-
BY POINT OF SALEThe electric ship market by point of sale comprises newbuild & line fit and retrofit solutions. Newbuild & line fit dominate as shipyards integrate electric propulsion, battery storage, and hybrid systems directly during vessel construction, ensuring compliance with emission norms and reducing lifecycle costs. Retrofit solutions are gaining importance as existing fleets are upgraded with energy storage systems, shore power connectivity, and hybrid configurations to meet sustainability targets.
-
BY TONNAGEThe electric ship market by tonnage includes <500 DWT, 500–5,000 DWT, 5,001–15,000 DWT, and >15,000 DWT. The <500 DWT category leads adoption, covering ferries, harbor craft, and service vessels suited for full-electric operation.
-
BY SOLUTIONThe electric ship market by solution includes power storage, power conversion, power generation, power distribution, power drive, and system integration services.
-
BY RANGEThe electric ship market by range comprises <50 km, 50–100 km, 100–1,000 km, and >1,000 km. The 50–100 km range is the largest segment, driven by passenger ferries, inland waterway vessels, and short-sea cargo ships with frequent port calls and access to charging.
-
BY SHIP TYPEThe electric ship market by ship type comprises commercial and defense vessels. The commercial segment drives volume, whereas the defense segment advances high-performance, stealth-oriented solutions.
-
BY POWER CAPACITYThe electric ship market by power capacity includes <75 kW, 75–150 kW, 151–745 kW, 746–7,560 kW, and >7,560 kW. The 75–150 kW segment dominates due to widespread use in ferries, motorboats, and small cargo ships, while higher ranges support larger vessels with hybrid configurations.
-
BY AUTONOMYThe electric ship market by autonomy comprises manned, remotely operated, and autonomous vessels. Manned ships dominate current adoption, remotely operated vessels expand in offshore and defense use, while autonomous ships form the fastest-growing segment with advances in AI and automated navigation.
-
BY REGIONThe market has been segmented by region into North America, Europe, Asia Pacific, Middle East, and Rest of the World. Major ports across Scandinavia and Western Europe are investing heavily in shore power and charging infrastructure, enabling wider adoption of electric ferries and coastal vessels. Strong collaboration between governments, maritime clusters, and technology providers accelerates the commercialization of zero-emission vessels.
-
COMPETITIVE LANDSCAPEMajor players in the electric ship market have adopted both organic and inorganic strategies, including partnerships, joint ventures, and technology investments. For instance, ABB Marine & Ports, Wärtsilä, Kongsberg Maritime, Siemens Energy, and Yara Marine Technologies have entered into multiple collaborations and pilot projects to advance battery storage, hybrid propulsion, shore power connectivity, and autonomous navigation.
The future of the electric ship industry is expected to be driven by the increasing integration of electric and hybrid propulsion across passenger ferries, harbor crafts, short-sea cargo, and defense support vessels. This trend aligns with global decarbonization goals and government-led initiatives promoting maritime sustainability and green port infrastructure. Progress in battery technologies, energy management systems, and modular electric drivetrains is likely to reduce lifecycle costs and improve operational efficiency. As regulatory pressure grows through carbon pricing and zero-emission targets, electric ships are positioned as a critical enabler in the transformation of global maritime transport toward a cleaner and more resilient future.
TRENDS & DISRUPTIONS IMPACTING CUSTOMERS' CUSTOMERS
The impact on maritime businesses is being shaped by emerging customer demands and sustainability-driven disruptions. Numerous electric ship startups and maritime OEMs are seeking venture capital funding, strategic partnerships, and joint ventures to accelerate innovation in electric propulsion and onboard power systems. These collaborations are helping develop critical charging infrastructure and high-performance battery technologies, expanding the adoption potential across commercial, defense, and logistics fleets.
Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis
MARKET DYNAMICS
Drivers
Impact
Level
Level
-
Favorable regulatory frameworks and government initiatives
-
Rise in short-sea transport and coastal tourism
RESTRAINTS
Impact
Level
Level
-
High upfront investment and prolonged retrofit downtime
-
Technical limitations in range and power scalability
OPPORTUNITIES
Impact
Level
Level
-
Innovation in energy storage solutions
-
Scaling of battery and fuel cell technologies for long-range shipping
CHALLENGES
Impact
Level
Level
-
Supply chain issues for critical materials
-
Lack of adequate charging and port infrastructure
Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis
Driver: Favorable regulatory frameworks and government initiatives
Favorable regulatory frameworks and government initiatives are creating strong momentum for the electric ship market. The International Maritime Organization’s decarbonization targets, coupled with regional emission norms in Europe, North America, and the Asia Pacific, are compelling operators to adopt greener propulsion systems. Governments are supporting this transition with grants, tax incentives, and port infrastructure upgrades to accommodate charging and hybrid operations. These initiatives reduce investment risks, encourage innovation, and accelerate the commercialization of hybrid and fully electric vessels.
Restraint: High upfront investment and prolonged retrofit downtime
One of the most significant barriers to electric ship adoption is the high initial cost associated with propulsion systems, battery packs, onboard power management units, and safety controls. These systems can increase vessel cost by 30–60% compared to conventional diesel propulsion, depending on the vessel type and operational profile. Additionally, retrofitting existing fleets for partial or full electrification involves structural redesign, removal of legacy systems, battery placement, and shore power interface installations all of which require the vessel to be out of service for extended periods.
Opportunity: Innovations in energy storage solutions
Energy storage is central to the operation of hybrid and electric ships. Battery-based propulsion is increasingly applied in smaller vessels, while engine manufacturers are developing hybrid battery solutions for larger vessels. Ongoing technological innovations are expanding the range of energy storage solutions relevant for maritime use. Beyond lithium-ion, there are efforts to develop alternatives such as silicon-based, sodium-sulfur, proton, graphite dual-ion, aluminum-ion, nickel-zinc, potassium-ion, salt-water, paper-polymer, and magnesium batteries.
Challenge: Supply chain issues of critical materials
The electric ship market depends heavily on critical raw materials such as lithium, cobalt, nickel, and rare earth elements for batteries, electric motors, and power electronics. These materials face growing global demand from EVs, grid storage, and industrial electrification creating intense supply pressure. Many of these resources are geographically concentrated, often in politically unstable regions, making prices volatile and access uncertain. Additionally, ethical concerns and ESG requirements related to mining practices are increasing scrutiny on sourcing.
Electric Ship Market: COMMERCIAL USE CASES ACROSS INDUSTRIES
| COMPANY | USE CASE DESCRIPTION | BENEFITS |
|---|---|---|
 |
Yara launched the Yara Birkeland, the world’s first fully electric and autonomous container vessel for short-sea logistics in 2021. | Reduced CO2 and NO? emissions, Cuts 1,000 tonnes of CO2 annually, eliminates 40,000 truck trips per year, and sets benchmarks for zero-emission autonomous shipping.. |
 |
Wärtsilä deployed hybrid propulsion and advanced battery storage systems for the Aurora Botnia ferry, operating on the Kvarken route between Finland and Sweden. | Improved fuel efficiency by 50%, lowered emissions, and enabled flexible vessel operations in harsh Nordic conditions |
 |
ABB equipped Grandi Navi Veloci ferries with shore-to-ship power connectivity and battery support to cut port emissions. | Reduced port CO2 emissions by 30–40%, cut particulate matter by up to 98%, and ensured compliance with EU port emission standards |
 |
Kongsberg supplied propulsion and autonomous navigation systems for MS Ro Vision, the world’s first hybrid-electric live fish carrier. | Increased operational safety, supported semi-autonomous operations, and demonstrated scalable digital integration in maritime fleets. |
 |
Siemens Energy delivered modular power distribution systems for Elektra, the world’s first hydrogen-electric push boat. | Achieved 100% CO2-free operations, optimized energy distribution efficiency by 15%, and enabled emission-free inland waterway transport. |
 |
Corvus supplied battery systems for BC Ferries’ hybrid-electric vessels under its Island Class program. | Delivered high-capacity energy storage, reduced fuel costs by 25–30%, and enabled scalable electrification of short-haul routes. |
Logos and trademarks shown above are the property of their respective owners. Their use here is for informational and illustrative purposes only.
MARKET ECOSYSTEM
The key stakeholders in the market ecosystem are component manufacturers, system integrators, service providers, and ship builders. The following figure lists some key players working in the electric ship ecosystem. Major influencers in the market are investors, academic researchers, service providers, distributors, and companies producing components.
Logos and trademarks shown above are the property of their respective owners. Their use here is for informational and illustrative purposes only.
MARKET SEGMENTS
Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis
Electric Ship Market, By Range
The 50-100 km range vessels are expected to hold the largest share due to their alignment with short-sea and inland waterway operations. This range is optimal for passenger ferries, short-haul cargo carriers, and service vessels that have frequent access to charging infrastructure. The segment benefits from advancements in battery energy density and fast-charging systems, enabling reliable operations without compromising turnaround times.
Electric Ship Market, By Power Capacity
The 75–150 kW vessels are projected to dominate the electric ship market during the forecast period, driven by their suitability for small ferries, motorboats, and harbor craft that operate on short to medium ranges. These vessels typically require moderate propulsion power, making this category cost-effective and technologically viable with current battery capabilities. Growing investments in coastal transport electrification, particularly in Europe and the Asia Pacific, are further supporting this segment’s expansion.
Electric Ship Market, By Tonnage
The <500 DWT segment is projected to lead adoption in the early phase of the electric ship market, as smaller vessels are ideally suited for full-electric propulsion. The segment benefits from the availability of compact battery packs, rapid charging infrastructure, and strong regulatory support for the electrification of inland waterways and coastal transport.
Electric Ship Market, By Autonomy
The manned segment currently represents the largest share of the electric ships market, reflecting the widespread adoption of electric and hybrid propulsion in traditional vessel operations. Manned electric vessels are particularly prevalent in short-sea routes and inland waterways, where predictable operations and access to charging infrastructure make battery integration practical.
Electric Ship Market, By Ship Type
The commercial segment accounts for the largest share of the electric ship market and is expected to remain the dominant category throughout the forecast period. This segment includes ferries, cargo carriers, cruise ships, yachts, and motorboats, where electrification is being driven by rising regulatory pressure to reduce maritime emissions and growing investments in sustainable transport infrastructure.
Electric Ship Market, By Point of Sale
The newbuild & line fit segment is projected to lead the electric ship market, supported by strong demand for newly constructed vessels designed with integrated electric and hybrid propulsion systems. Shipbuilders are increasingly incorporating battery storage, power distribution, and digital control solutions during the construction phase, ensuring compliance with evolving emission regulations and future-proofing fleets.
Electric Ship Market, By Solution
The power distribution segment is expected to dominate the electric ship market. This segment is a critical enabler of electric ship operations, ensuring the efficient transfer of electricity from onboard storage systems to propulsion drives and auxiliary loads. Modern electric ships increasingly rely on integrated distribution networks that manage energy flows across propulsion, navigation, and hoteling functions, particularly in ferries, cruise ships, and offshore support vessels.
REGION
Europe to be fastest-growing region in global electric ship market during forecast period
Europe is projected to be the fastest-growing region in the global electric ship market due to stringent decarbonization policies, strong government funding, and early adoption of green maritime technologies. The International Maritime Organization’s emission targets, alongside the EU’s Fit for 55 package, are driving investments in electrification, shore charging networks, and hybrid propulsion solutions.
Electric Ship Market: COMPANY EVALUATION MATRIX
The company evaluation matrix for the electric ship market evaluates players based on product footprint and market share. It highlights their competitive positioning and ranks them according to market strength and growth strategies. ABB is positioned as a leading player with a strong focus on advanced technologies, while Yara is recognized as an emerging leader in this market.
Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis
KEY MARKET PLAYERS
List of Top Electric Ship Market Companies
MARKET SCOPE
| REPORT METRIC | DETAILS |
|---|---|
| Market Size in 2024 (Value) | USD 4.41 Billion |
| Market Forecast in 2030 (value) | USD 18.39 Billion |
| Growth Rate | CAGR of 21.0% from 2025–2032 |
| Years Considered | 2021–2032 |
| Base Year | 2024 |
| Forecast Period | 2025–2032 |
| Units Considered | Value (USD Million), Volume (Units) |
| Report Coverage | Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
| Segments Covered |
|
| Regions Covered | North America, Europe, Asia Pacific, Middle East, and Rest of the World |
WHAT IS IN IT FOR YOU: Electric Ship Market REPORT CONTENT GUIDE
DELIVERED CUSTOMIZATIONS
We have successfully delivered the following deep-dive customizations:
| CLIENT REQUEST | CUSTOMIZATION DELIVERED | VALUE ADDS |
|---|---|---|
| Comprehensive Electric Ships Market Analysis with Focus on Market Players and Ecosystem | This is a dedicated electric ship market study focusing on the ecosystem of solution providers, component suppliers, and OEMs. It also provides lifespan analysis of vessels by type and pricing benchmarks across key regions. The study also provides supply chain mapping of components, system integrators, and end users, alongside a comparative assessment of thermal management pricing structures by ship category and region. |
|
RECENT DEVELOPMENTS
- August 2025 : GE Vernova Naval Systems was awarded a USD 10.4 million contract by the US Navy to prototype a megawatt-scale hybrid modular multi-level converter (HMMC) for naval propulsion and power distribution.
- August 2025 : Corvus Energy was selected to supply the energy storage system powering the world’s first fully electric offshore construction vessel. The vessel will rely entirely on the ESS for main propulsion rather than hybrid assistance.
- July 2025 : SCHOTTEL was awarded a contract by French maritime service provider Louis Dreyfus Armateurs (LDA) to supply eight SRP 430 D RudderPropeller Dynamic units for two service operation vessels being built for Vattenfall.
- July 2025 : Kongsberg was contracted to upgrade the Norwegian Coastal Administration’s hybrid vessel, OV Bøkfjord, by installing electric Rim-Drive azimuth thrusters and enhancing its hybrid propulsion system.
- June 2025 : Wärtsilä secured a contract from Vertom Group to supply hybrid propulsion systems for four 10,700 DWT tween-decker vessels under construction at Chowgule Shipyards in India. The solution integrates Wärtsilä 25 engines, electric drive systems, CPP, thrusters, and EcoControl, enabling battery-only sailing in specific conditions.
Table of Contents
Exclusive indicates content/data unique to MarketsandMarkets and not available with any competitors.
TITLE
PAGE NO
1
INTRODUCTION
35
2
RESEARCH METHODOLOGY
40
3
EXECUTIVE SUMMARY
51
4
PREMIUM INSIGHTS
55
5
MARKET OVERVIEW
Decarbonization drives maritime innovation amid regulatory, investment, and infrastructure challenges.
58
5.1
INTRODUCTION
5.2
MARKET DYNAMICS
5.2.1
DRIVERS
5.2.1.1
IMPLEMENTATION OF NET-ZERO FRAMEWORK WITH GHG PRICING
5.2.1.2
RISE IN SHORT-SEA TRANSPORT AND COASTAL TOURISM
5.2.1.3
ADVANCES IN ENERGY STORAGE AND POWER SYSTEMS
5.2.1.4
DECARBONIZATION AND SUSTAINABILITY GOALS
5.2.2
RESTRAINTS
5.2.2.1
HIGH UPFRONT INVESTMENT AND PROLONGED RETROFIT DOWNTIME
5.2.2.2
TECHNICAL LIMITATIONS IN RANGE AND POWER SCALABILITY
5.2.2.3
FRAGMENTED REGULATORY STANDARDS AND COMPLIANCE BURDEN
5.2.3
OPPORTUNITIES
5.2.3.1
INNOVATIONS IN ENERGY STORAGE SOLUTIONS
5.2.3.2
SCALING OF BATTERY AND FUEL CELL TECHNOLOGIES FOR LONG-RANGE SHIPPING
5.2.3.3
GOVERNMENT INCENTIVES FOR CLEAN SHIPBUILDING PROGRAMS
5.2.4
CHALLENGES
5.2.4.1
SUPPLY CHAIN CONSTRAINTS FOR CRITICAL MATERIALS
5.2.4.2
LACK OF ADEQUATE CHARGING AND PORT INFRASTRUCTURE
5.3
TRENDS AND DISRUPTIONS IMPACTING CUSTOMER BUSINESS
5.4
ECOSYSTEM ANALYSIS
5.4.1
SHIP BUILDERS
5.4.2
SYSTEM INTEGRATORS
5.4.3
END USERS
5.5
CASE STUDY ANALYSIS
5.5.1
CHINA STATE SHIPBUILDING CORPORATION’S FULLY ELECTRIC CONTAINER SHIP
5.5.2
INCAT TASMANIA’S HULL 096 FERRY
5.5.3
WÄRTSILÄ AND WETA’S FULLY ELECTRIC HIGH-SPEED FERRY
5.5.4
HD HYUNDAI’S MMC HIGH-PRESSURE ELECTRIC PROPULSION DRIVE
5.5.5
ABB AZIPOD XO2100 / XO2300 BY ABB
5.5.6
ABILITY MARINE PILOT CONTROL BY ABB
5.5.7
KONGSBERG SYSTEMS ON YARA BIRKELAND BY YARA
5.5.8
NAVALT MAKO ELECTRIC MOTOR BY NAVALT
5.5.9
ABB AMXE MARINE MOTOR BY ABB
5.5.10
SAFT SEAENERGY 2.0 BY SAFT
5.5.11
ABB DYNAFIN BY ABB
5.5.12
GE NAVAL ELECTRIC POWER & PROPULSION BY GE VERNOVA
5.5.13
ELLEN BY SØBY SHIPYARD
5.5.14
AZIPULL THRUSTER BY KONGSBERG
5.5.15
FERRY 30 CAT ELECTRIC BY BALTIC WORKBOATS AS
5.5.16
CORVUS DOLPHIN NXTGEN ESS – ENERGY BY CORVUS ENERGY
5.5.17
FERRY 27 PAX HYBRID BY BALTIC WORKBOATS AS
5.5.18
DIRECT ELECTRIC-DRIVE THRUSTERS BY KONGSBERG
5.5.19
UNDERWATER MOUNTABLE AZIMUTHING BY KONGSBERG
5.5.20
GE SEAJET POD BY GE VERNOVA
5.5.21
GE SEAPULSE MV3000 AFE NAVAL MARINE DRIVE BY GE VERNOVA
5.6
KEY STAKEHOLDERS AND BUYING CRITERIA
5.6.1
KEY STAKEHOLDERS IN BUYING PROCES, BY SHIP TYPE
5.6.2
BUYING CRITERIA
5.7
KEY CONFERENCES AND EVENTS (2025-2026)
5.8
REGULATORY LANDSCAPE
5.9
TECHNOLOGY ANALYSIS
5.9.1
KEY TECHNOLOGIES
5.9.1.1
ENERGY STORAGE SYSTEMS
5.9.1.2
ELECTRIC PROPULSION AND MOTORS
5.9.1.3
SMART POWER DISTRIBUTION AND ENERGY MANAGEMENT
5.9.2
COMPLEMENTARY TECHNOLOGIES
5.9.2.1
HVDC SHIPBOARD GRIDS
5.9.2.2
FUEL CELLS
5.9.2.3
PERMANENT MAGNET PROPULSION RODS
5.9.3
ADJACENT TECHNOLOGIES
5.9.3.1
RENEWABLE ENERGY INTEGRATION
5.9.3.2
DIGITAL TWINS AND SIMULATION PLATFORMS
5.9.3.3
CHARGING AND SHORE POWER INFRASTRUCTURE
5.10
OPERATIONAL DATA
5.10.1
NEWBUILD VS. RETROFIT VESSELS
5.10.2
NEWBUILD VS. RETROFIT VESSELS, VOLUME ESTIMATES, 2021-2024 (UNITS)
5.10.3
NEWBUILD VS. RETROFIT VESSELS, VOLUME FORECASTS, 2025-2032 (UNITS)
5.11
VOLUME DATA
5.11.1
LINE FIT VS. RETROFIT PROPULSION
5.11.2
LINE FIT VS. RETROFIT PROPULSION, VOLUME ESTIMATES, 2021-2024 (UNITS)
5.11.3
LINE FIT VS. RETROFIT PROPULSION, VOLUME FORECASTS, 2025-2032 (UNITS)
5.12
TRADE DATA
5.12.1
IMPORT SCENARIO (HS CODE 8901) - COMPLIANT PRODUCTS, BY COUNTRY, 2020–2024 (USD THOUSAND)
5.12.2
EXPORT SCENARIO (HS CODE 8901) - COMPLIANT PRODUCTS, BY COUNTRY, 2020–2024 (USD THOUSAND)
5.13
PATENT ANALYSIS
5.14
MACROECONOMIC OUTLOOK
5.14.1
NORTH AMERICA
5.14.2
EUROPE
5.14.3
ASIA PACIFIC
5.14.4
MIDDLE EAST
5.14.5
REST OF THE WORLD
5.15
PRICING ANALYSIS
5.15.1
AVERAGE SELLING PRICE TREND OF SHIP TYPE OFFERED BY KEY PLAYERS (USD MILLION), 2019 TO 2024
5.15.2
AVERAGE SELLING PRICE TREND, BY REGION, (USD MILLION), 2020 TO 2024
5.16
INVESTMENT AND FUNDING SCENARIO
5.17
BUSINESS MODELS
5.17.1
DIRECT SALES MODEL
5.17.2
LEASING & CHARTER MODEL
5.17.3
PAY-PER-USE/TRANSPORT-AS-A-SERVICE MODEL
5.17.4
RETROFIT & LIFECYCLE SERVICE MODEL
5.18
VALUE CHAIN ANALYSIS
5.18.1
RESEARCH AND DEVELOPMENT (UP TO 30%)
5.18.2
RAW MATERIAL & COMPONENTS (30-40%)
5.18.3
SUBSYSTEM /PRODUCT MANUFACTURING (40-60%)
5.18.4
SYSTEM INTEGRATION & TESTING (60-80%)
5.18.5
POST-SALES SERVICE (80-100%)
5.19
BILL OF MATERIALS
5.19.1
POWER STORAGE BOM (%) FOR HYBRIDIZATION
5.19.1
POWER CONVERSION BOM (%) FOR HYBRIDIZATION
5.19.2
POWER GENERATION BOM (%) FOR HYBRIDIZATION
5.19.3
POWER DISTRIBUTION BOM (%) FOR HYBRIDIZATION
5.19.4
POWER DRIVE BOM (%) FOR HYBRIDIZATION
5.20
TOTAL COST OF OWNERSHIP
5.20.1
FUEL COST ESTIMATES AND PROJECTION (USD/KWH)
5.20.2
CHARGING COST ESTIMATES AND PROJECTION (USD/KWH)
5.20.3
CHARGING INFRASTRUCTURE COST ESTIMATES AND PROJECTION (USD/KWH)
5.20.4
BATTERY SYSTEM COST ESTIMATES AND PROJECTION (USD/KWH)
5.20.5
CO2E SOCIAL COST ESTIMATES AND PROJECTION (USD/CO2E TONNES)
5.21
TECHNOLOGY ROADMAP
5.22
IMPACT OF AI
5.22.1
INTRODUCTION
5.22.2
ADOPTION OF AI IN MARINE BY TOP COUNTRIES
5.22.3
IMPACT OF AI ON MARINE USE CASES
5.22.4
IMPACT OF AI ON ELECTRIC SHIP MARKET
5.23
US 2025 TARIFF – ELECTRIC SHIP MARKET
5.23.1
INTRODUCTION
5.23.2
KEY TARIFF RATES
5.23.3
PRICE IMPACT ANALYSIS
5.23.4
IMPACT ON COUNTRY/REGION
5.23.4.1
US
5.23.4.2
EUROPE
5.23.4.3
ASIA PACIFIC
5.23.5
IMPACT ON END-USE INDUSTRIES
6
ELECTRIC SHIP MARKET, BY POINT OF SALE (MARKET SIZE & FORECAST TO 2032 – USD MILLION)
Market Size & Growth Rate Forecast Analysis to 2032 in USD Million | 8 Data Tables
113
6.1
INTRODUCTION
6.1.1
NEWBUILD & LINEFIT VESSELS VS. RETROFIT
6.2
FULLY ELECTRIC, BY PROPULSION
6.2.1
PREVALENCE OF BATTERY-POWERED VESSELS TO DRIVE DEMAND FOR FULLY ELECTRIC VESSELS
6.2.2
BATTERY-POWERED
6.2.2.1
USE CASE: NYK E-CREA EMPLOYS FULLY BATTERY-POWERED VESSEL FOR SHORT-RANGE MARITIME SUPPORT ACTIVITIES
6.2.3
ELECTRO-SOLAR & BATTERY-POWERED
6.2.3.1
USE CASE: HGK “BLUE MARLIN” INCORPORATED ELECTRO-SOLAR & BATTERY-POWERED CONFIGURATION TO IMPROVE OPERATIONAL PERFORMANCE
6.2.4
FUEL CELL & BATTERY-POWERED
6.2.4.1
USE CASE: CMB.TECH “HYDROVILLE” APPLIES FUEL CELL BATTERY-DRIVEN SYSTEMS FOR POWER DELIVERY
6.3
HYBRID, BY PROPULSION
6.3.1
EXTENSIVE USE IN VESSELS WITH VARIABLE DUTY CYCLES TO DRIVE THE ADOPTION OF HYBRID PROPULSION
6.3.2
DIESEL & BATTERY-POWERED
6.3.2.1
USE CASE: SIEMENS BLUEDRIVE SYSTEM USES LITHIUM-ION BATTERIES FOR ENERGY STORAGE & DIESEL ENGINE FOR POWER GENERATION
6.3.3
LPG/LNG & BATTERY-POWERED
6.3.3.1
USE CASE: KAWASAKI HYBRID PROPULSION & POWER SUPPLY SYSTEM COMBINES LNG ENGINE WITH BATTERY ENERGY STORAGE SYSTEM
7
ELECTRIC SHIP MARKET, BY SOLUTION (MARKET SIZE & FORECAST TO 2032 – USD MILLION)
Market Size & Growth Rate Forecast Analysis to 2032 in USD Million | 6 Data Tables
121
7.1
INTRODUCTION
7.1.1
LINE FIT VS. RETROFIT PROPULSION
7.2
POWER STORAGE
7.2.1
RIGOROUS PUSH FOR DECARBONIZATION TO DRIVE THE MARKET
7.2.2
BATTERIES
7.2.2.1
USE CASE: CORVUS ORCA ENERGY STORAGE SYSTEM (ESS) USES LITHIOUM-ION BATTERY TECHNOLOGY
7.2.2.2
LITHIUM-ION
7.2.2.3
LEAD ACID
7.2.2.4
NICKEL CADMIUM
7.2.2.5
SODIUM-ION
7.2.3
SUPERCAPACITORS/ULTRACAPACITORS
7.2.3.1
USE CASE: LECLANCHÉ MARINE RACK SYSTEM (MRS) INCORPORATES SUPERCAPACITOR MODULES TO MANAGE POWER DEMANDS
7.2.4
HYBRID ENERGY STORAGE SYSTEMS
7.2.4.1
USE CASE: SAFT SEANERGY 2.0 SYSTEM USES HYBRID ENERGY STORAGE SYSTEM COMBINING LI-ION WITH POWER GENERATORS
7.3
POWER CONVERSION
7.3.1
INCREASING COMPLEXITY OF ELECTRIC AND HYBRID SHIP DESIGNS TO DRIVE THE MARKET
7.3.2
CONVERTERS
7.3.2.1
USE CASE: GE VERNOVA MV7000 MEDIUM VOLTAGE DRIVE USES VARIABLE FREQUENCY CONVERSION TO ALLOW MOTORS TO OPERATE EFFICIENTLY
7.3.3
TRANSFORMERS
7.3.3.1
USE CASE: SCHNEIDER ELECTRIC ECOSTRUXURE MARINE MEDIUM-VOLTAGE DRY-TYPE TRANSFORMER TO PROVIDE CONSISTENT VOLTAGE CONVERSION
7.4
POWER GENERATION
7.4.1
SHIFT FROM CONVENTIONAL FUELS TO EMERGING TECHNOLOGIES TO DRIVE THE MARKET
7.4.2
AC VS. DC GENERATORS
7.4.2.1
USE CASE: WÄRTSILÄ HY ELECTRIC PROPULSION SYSTEM APPLIES DC GENERATOR CONFIGURATION
7.4.3
LPG/LNG VS. DIESEL ENGINES
7.4.3.1
USE CASE: MAN 51/60DF DUAL-FUEL ENGINE ENABLES LNG/LPG AS PRIMARY FUEL WITH DIESEL AS SECONDARY FUEL
7.4.4
SOLAR CELLS
7.4.4.1
USE CASE: NAVALT “INDRA” APPLIES ONBOARD SOLAR POWER GENERATION SYSTEM WITH 25 KWP SOLAR PANELS TO GENERATE POWER
7.4.5
FUEL CELLS
7.4.5.1
USE CASE: MV SEA CHANGE OPERATES ON A HYDROGEN FUEL CELL SYSTEM FOR ELECTROCHEMICAL POWER GENERATION
7.5
POWER DISTRIBUTION
7.5.1
EXPANSION OF MARITIME ELECTRIFICATION TO LARGER COMMERCIAL AND DEFENSE PLATFORMS TO DRIVE THE MARKET
7.5.2
INTERCONNECTORS
7.5.2.1
USE CASE: SCHNEIDER ELECTRIC ECOSTRUXURE MARINE MICROGRID POWER DISTRIBUTION SYSTEM ENABLES CONNECTION & MANAGEMENT OF MULTIPLE ENERGY SOURCES
7.5.3
SWITCHBOARDS
7.5.3.1
USE CASE: WÄRTSILÄ LOW- AND MEDIUM-VOLTAGE MARINE SWITCHBOARD SYSTEM DESIGNED FOR POWER DISTRIBUTION
7.6
POWER DRIVE
7.6.1
RAPID ADOPTION DUE TO ADVANCES IN ELECTRIFICATION TO DRIVE THE MARKET
7.6.2
VARIABLE FREQUENCY DRIVES
7.6.2.1
USE CASE: SIEMENS SINAMICS PERFECT HARMONY GH180 MARINE DRIVE REGULATES THE ELECTRICAL SUPPLY TO PROPULSION MOTORS
7.6.3
MOTORS
7.6.3.1
USE CASE: SIEMENS PERMASYN SYNCHRONOUS PROPULSION MOTOR USES PERMANENT-MAGNET SYNCHRONOUS OPERATION TO MAINTAIN CONSTANT TORQUE
7.6.3.2
SYNCHRONOUS MOTORS
7.6.3.3
INDUCTION MOTORS
7.6.4
GEARBOXES
7.6.4.1
USE CASE: TWIN DISC MGE-5126SC HYBRID-READY MARINE TRANSMISSION ALLOWS POWER TRANSFER FROM DIESEL ENGINES & ELECTRIC MOTORS
7.6.5
PROPELLERS
7.6.5.1
USE CASE: ROLLS-ROYCE KAMEWA TYPE A CONTROLLABLE PITCH PROPELLER (CPP) TO MANAGE OPERATIONAL VARIATIONS
7.6.6
THRUSTERS
7.6.6.1
USE CASE: BRUNVOLL FU SERIES AZIMUTH TUNNEL THRUSTER PROVIDES A ROTATIONAL PROPULSION SYSTEM FOR POWER DRIVE
7.7
SYSTEM INTEGRATION
7.7.1
USE CASE: CROWLEY EWOLF SHOWS HOW SMART INTEGRATION TURNS ELECTRIC PROPULSION INTO DAY-ONE RELIABILITY
8
ELECTRIC SHIP MARKET, BY AUTONOMY (MARKET SIZE & FORECAST TO 2032 – USD MILLION)
Market Size & Growth Rate Forecast Analysis to 2032 in USD Million | 2 Data Tables
139
8.1
INTRODUCTION
8.2
MANNED
8.2.1
ALIGNMENT WITH EXISTING MARITIME PRACTICES TO DRIVE MARKET
8.3
REMOTELY OPERATED
8.3.1
IMPROVED OPERATIONAL FEASIBILITY TO DRIVE MARKET
8.4
AUTONOMOUS
8.4.1
FAVORABLE REGULATORY FRAMEWORKS AND SUPPORTING INFRASTRUCTURE AT PORTS TO DRIVE MARKET
9
ELECTRIC SHIP MARKET, BY POWER CAPACITY (MARKET SIZE & FORECAST TO 2032 – USD MILLION)
Market Size & Growth Rate Forecast Analysis to 2032 in USD Million | 2 Data Tables
143
9.1
INTRODUCTION
9.2
<75 KW
9.2.1
LARGE-SCALE ADOPTION IN SMALLER VESSELS TO DRIVE MARKET
9.3
75–150 KW
9.3.1
NEED FOR LONGER OPERATING HOURS AND HIGHER SERVICE SPEEDS TO DRIVE MARKET
9.4
151–745 KW
9.4.1
FERRY ELECTRIFICATION PROGRAMS AND DECARBONIZATION POLICIES TO DRIVE MARKET
9.5
746–7,560 KW
9.5.1
EMPHASIS ON SYSTEM RELIABILITY AND ENDURANCE TO DRIVE MARKET
9.6
>7,560 KW
9.6.1
INTRODUCTION OF ALTERNATIVE ENERGY SOURCES INTO OCEANGOING SHIPPING TO DRIVE MARKET
10
ELECTRIC SHIP MARKET, BY RANGE (MARKET SIZE & FORECAST TO 2032 – USD MILLION)
Market Size & Growth Rate Forecast Analysis to 2032 in USD Million | 2 Data Tables
148
10.1
INTRODUCTION
10.2
<50 KM
10.2.1
COMMERCIAL VIABILITY FOR ELECTRIC PROPULSION ADOPTION TO DRIVE MARKET
10.3
50–100 KM
10.3.1
REGIONAL CONNECTIVITY NEEDS TO DRIVE MARKET
10.4
101–1,000 KM
10.4.1
VESSEL OPERATIONS REQUIRING EXTENDED ENDURANCE AND CONSISTENT PERFORMANCE TO DRIVE MARKET
10.5
>1,000 KM
10.5.1
CONTINUOUS HIGH-POWER OUTPUT REQUIREMENT FOR PROLONGED PERIOD TO DRIVE MARKET
11
ELECTRIC SHIP MARKET, BY TONNAGE (MARKET SIZE & FORECAST TO 2032 – USD MILLION)
Market Size & Growth Rate Forecast Analysis to 2032 in USD Million | 2 Data Tables
152
11.1
INTRODUCTION
11.2
<500 DWT
11.2.1
REDUCED PROPULSION DEMAND DUE TO LIMITED CARGO AND PASSENGER CAPACITY TO DRIVE MARKET
11.3
500–5,000 DWT
11.3.1
OPERATIONAL DEMANDS FOR SCALABLE AND MODULAR PROPULSION SOLUTIONS TO DRIVE MARKET
11.4
5,001–15,000 DWT
11.4.1
NEED FOR HIGHER PROPULSION CAPACITY AND ENDURANCE TO DRIVE MARKET
11.5
>15,000 DWT
11.5.1
EXTENSIVE USE OF HYBRID CONFIGURATIONS TO DRIVE MARKET
12
ELECTRIC SHIP MARKET, BY SHIP TYPE (MARKET SIZE & FORECAST TO 2032 – USD MILLION)
Market Size & Growth Rate Forecast Analysis to 2032 in USD Million | 12 Data Tables
156
12.1
INTRODUCTION
12.2
COMMERCIAL
12.2.1
STRINGENT ENVIRONMENTAL REGULATIONS AND EXPANSION OF CHARGING INFRASTRUCTURE TO DRIVE MARKET
12.2.2
PASSENGER VESSELS
12.2.2.1
YACHTS
12.2.2.2
FERRIES
12.2.2.3
CRUISE SHIPS
12.2.2.4
MOTORBOATS
12.2.3
CARGO VESSELS
12.2.3.1
CONTAINER VESSELS
12.2.3.2
BULK CARRIERS
12.2.3.3
TANKERS
12.2.3.4
GENERAL CARGO SHIPS
12.2.4
OTHERS
12.2.4.1
FISHING VESSELS
12.2.4.2
TUGS & WORKBOATS
12.2.4.3
RESEARCH VESSELS
12.2.4.4
DREDGERS
12.2.4.5
SUBMARINES
12.3
DEFENSE
12.3.1
NAVAL MODERNIZATION PROGRAMS TO DRIVE MARKET
12.3.2
DESTROYERS
12.3.3
FRIGATES
12.3.4
CORVETTES
12.3.5
OFFSHORE SUPPORT VESSELS
12.3.6
AIRCRAFT CARRIERS
12.3.7
SUBMARINES
13
ELECTRIC SHIP MARKET, BY REGION (MARKET SIZE & FORECAST TO 2032 – USD MILLION)
Comprehensive coverage of 8 Regions with country-level deep-dive of 16 Countries | 236 Data Tables.
167
13.1
INTRODUCTION
13.2
NORTH AMERICA
13.2.1
PESTLE ANALYSIS
13.2.2
US
13.2.2.1
RISE OF MARITIME ELECTRIFICATION TO DRIVE MARKET
13.2.3
CANADA
13.2.3.1
ADVANCES IN ELECTRIC SHIPPING THROUGH FLEET RENEWAL AND INTEGRATED INFRASTRUCTURE PROGRAMS TO DRIVE MARKET
13.3
EUROPE
13.3.1
PESTLE ANALYSIS
13.3.2
NORWAY
13.3.2.1
SHIFT FROM TRADITIONAL FOSSIL-FUEL-POWERED VESSELS TO ELECTRIC ALTERNATIVES TO DRIVE MARKET
13.3.3
SWEDEN
13.3.3.1
ROBUST NATIONAL SUSTAINABILITY AGENDA TO DRIVE MARKET
13.3.4
NETHERLANDS
13.3.4.1
TRANSITION TO ZERO-EMISSION SHIPPING TO DRIVE MARKET
13.3.5
FINLAND
13.3.5.1
ADVANCED SHIPBUILDING EXPERTISE TO DRIVE MARKET
13.3.6
DENMARK
13.3.6.1
FAVORABLE ENVIRONMENTAL REGULATIONS TO DRIVE MARKET
13.3.7
UK
13.3.7.1
REGULATORY PUSH FOR ZERO-EMISSION SHIPPING TO DRIVE MARKET
13.3.8
REST OF EUROPE
13.4
ASIA PACIFIC
13.4.1
PESTLE ANALYSIS
13.4.2
CHINA
13.4.2.1
DOMESTIC BATTERY AND POWER ELECTRONICS LEADERSHIP TO DRIVE MARKET
13.4.3
JAPAN
13.4.3.1
GOVERNMENT-LED AUTONOMY INITIATIVES TO DRIVE MARKET
13.4.4
AUSTRALIA
13.4.4.1
INFRASTRUCTURE MODERNIZATION AND INNOVATION AGILITY TO DRIVE MARKET
13.4.5
SOUTH KOREA
13.4.5.1
POLICY-BACKED FLEETS, GREEN POWER SUPPLY, AND SHIPYARD DOMINANCE TO DRIVE MARKET
13.4.6
INDIA
13.4.6.1
INFRASTRUCTURE MODERNIZATION AND SOLAR INNOVATION TO DRIVE MARKET
13.4.7
REST OF ASIA PACIFIC
13.5
MIDDLE EAST
13.5.1
PESTLE ANALYSIS
13.5.2
GCC
13.5.2.1
SAUDI ARABIA
13.5.2.2
UAE
13.5.3
ISRAEL
13.5.3.1
TECHNOLOGY INTEGRATION AND NAVAL MODERNIZATION TO DRIVE MARKET
13.5.4
TURKEY
13.5.4.1
COMPLIANCE WITH INTERNATIONAL TRADE AND SHIPPING REGULATIONS TO DRIVE MARKET
13.6
REST OF THE WORLD
13.6.1
PESTLE ANALYSIS
13.6.2
AFRICA
13.6.2.1
URBAN TRANSIT MODERNIZATION AND TOURISM-LED INITIATIVES TO DRIVE MARKET
13.6.3
LATIN AMERICA
13.6.3.1
INLAND WATERWAY SCALE AND ECO-TOURISM TO DRIVE MARKET
14
COMPETITIVE LANDSCAPE
Uncover strategic market shifts and dominant players shaping competitive dynamics through 2025.
240
14.1
INTRODUCTION
14.2
KEY PLAYER STRATEGIES/RIGHT TO WIN, 2022–2025
14.3
MARKET SHARE ANALYSIS, 2024
14.3.1
SHARE ANALYSIS OF ABB, WÄRTSILÄ, SCHOTTEL GROUP, CORVUS ENERGY & GE VERNOVA
14.3.2
DEGREE OF COMPETITION
14.4
REVENUE ANALYSIS, 2021–2024
14.4.1
REVENUE OF ABB, WÄRTSILÄ, SCHOTTEL GROUP, CORVUS ENERGY & GE VERNOVA
14.5
BRAND/PRODUCT COMPARISON
14.6
COMPANY VALUATION AND FINANCIAL METRICS
14.7
COMPANY EVALUATION MATRIX: KEY PLAYERS, 2024
14.7.1
STARS
14.7.2
EMERGING LEADERS
14.7.3
PERVASIVE PLAYERS
14.7.4
PARTICIPANTS
14.7.5
COMPANY FOOTPRINT
14.7.5.1
COMPANY FOOTPRINT
14.7.5.2
REGION FOOTPRINT
14.7.5.3
POINT OF SALE FOOTPRINT
14.7.5.4
SHIP TYPE FOOTPRINT
14.8
COMPANY EVALUATION MATRIX: START-UPS/SMES, 2025
14.8.1
PROGRESSIVE COMPANIES
14.8.2
RESPONSIVE COMPANIES
14.8.3
DYNAMIC COMPANIES
14.8.4
STARTING BLOCKS
14.8.5
COMPETITIVE BENCHMARKING
14.8.5.1
LIST OF START-UPS/SMES
14.8.5.2
COMPETITIVE BENCHMARKING OF START-UPS/SMES
14.9
COMPETITIVE SCENARIO
14.9.1
PRODUCT LAUNCHES/DEVELOPMENTS
14.9.2
DEALS
14.9.3
OTHERS
15
COMPANY PROFILES
In-depth Company Profiles of Leading Market Players with detailed Business Overview, Product and Service Portfolio, Recent Developments, and Unique Analyst Perspective (MnM View)
278
15.1
KEY PLAYERS
15.1.1
ABB
15.1.1.1
BUSINESS OVERVIEW
15.1.1.2
PRODUCTS OFFERED
15.1.1.3
RECENT DEVELOPMENTS
15.1.1.4
MNM VIEW
15.1.2
WÄRTSILÄ
15.1.3
SCHOTTEL GROUP
15.1.4
CORVUS ENERGY
15.1.5
GE VERNOVA
15.1.6
KONGSBERG
15.1.7
VARD AS
15.1.8
SIEMENS
15.1.9
LECLANCHÉ SA
15.1.10
BAE SYSTEMS
15.1.11
SAFT
15.1.12
NORWEGIAN ELECTRIC SYSTEMS
15.1.13
EVERLLENCE
15.1.14
ECHANDIA AB
15.1.15
ANGLO BELGIAN CORPORATION NV
15.1.16
DANFOSS
15.1.17
FJELLSTRAND AS
15.1.18
SØBY SHIPYARD
15.1.19
MITSUBISHI SHIPBUILDING CO., LTD.
15.1.20
DAMEN SHIPYARDS GROUP
15.1.21
BALTIC WORKBOATS AS
15.1.22
COCHIN SHIPYARD LIMITED
15.2
OTHER PLAYERS
15.2.1
ECO MARINE POWER CO., LTD.
15.2.2
EST FLOATTECH
15.2.3
SHIFT
15.2.4
INCAT CROWTHER
15.2.5
INGETEAM, S.A.
15.2.6
VOITH TURBO MARINE
15.2.7
YARA
16
APPENDIX
352
16.1
DISCUSSION GUIDE
16.2
KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
16.3
CUSTOMIZATION OPTIONS
16.4
RELATED REPORTS
16.5
AUTHOR DETAILS
LIST OF TABLES
TABLE 1
USD EXCHANGE RATE
TABLE 2
BATTERY CAPACITY/POWER REQUIREMENTS OF SHIPS
TABLE 3
ROLE OF COMPANIES IN ECOSYSTEM
TABLE 4
INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY SHIP TYPE (%)
TABLE 5
KEY BUYING CRITERIA, BY SHIP TYPE
TABLE 6
KEY CONFERENCES AND EVENTS, 2025–2026
TABLE 7
NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 8
EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 9
ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 10
REST OF THE WORLD: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 11
NEWBUILD VS. RETROFIT VESSELS, 2021–2024 (UNITS)
TABLE 12
NEWBUILD VS. RETROFIT VESSELS, 2025–2032 (UNITS)
TABLE 13
LINE FIT VS. RETROFIT PROPULSION, 2021–2024 (UNITS)
TABLE 14
LINE FIT VS. RETROFIT PROPULSION, 2025–2032 (UNITS)
TABLE 15
IMPORT DATA FOR HS CODE 8901-COMPLIANT PRODUCTS, BY COUNTRY, 2020–2024 (USD THOUSAND)
TABLE 16
EXPORT DATA FOR HS CODE 8901-COMPLIANT PRODUCTS, BY COUNTRY, 2020–2024 (USD THOUSAND)
TABLE 17
PATENT ANALYSIS
TABLE 18
AVERAGE SELLING PRICE TREND OF ELECTRIC SHIPS OFFERED BY KEY PLAYERS, 2021–2024 (USD MILLION)
TABLE 19
AVERAGE SELLING PRICE TREND, BY REGION, 2020–2024 (USD MILLION)
TABLE 20
BUSINESS MODELS IN ELECTRIC SHIP MARKET
TABLE 21
KEY OBSERVATIONS BY SUBSYSTEM & COMPONENTS OF ELECTRIC SHIPS
TABLE 22
RETROFIT PROPLULSION BILL OF MATERIALS FOR POWER STORAGE BY SHIP TYPE (%)
TABLE 23
RETROFIT PROPLULSION BILL OF MATERIALS FOR POWER CONVERSION BY SHIP TYPE (%)
TABLE 24
RETROFIT PROPLULSION BILL OF MATERIALS FOR POWER GENERATION BY SHIP TYPE (%)
TABLE 25
RETROFIT PROPLULSION BILL OF MATERIALS FOR POWER DISTRIBUTION BY SHIP TYPE (%)
TABLE 26
RETROFIT PROPLULSION BILL OF MATERIALS FOR POWER DRIVE BY SHIP TYPE (%)
TABLE 27
COST ELEMENTS & IMPACT OF COMPONENT ON TCO
TABLE 28
FUEL COST ESTIMATES 2022 TO 2050, (USD/KWH)
TABLE 29
CHARGING COST ESTIMATES 2022 TO 2050, (USD/KWH)
TABLE 30
CHARGING INFRASTRUCTURE COST ESTIMATES 2022 TO 2024, (USD/KWH)
TABLE 31
BATTERY SYSTEM COST ESTIMATES 2022 TO 2050, (USD/KWH)
TABLE 32
CO2E SOCIAL COST ESTIMATES 2022 TO 2050, (USD/CO2E TONNES)
TABLE 33
US-ADJUSTED RECIPROCAL TARIFF RATES
TABLE 34
KEY PRODUCT-RELATED TARIFF FOR ELECTRIC SHIPS
TABLE 35
ANTICIPATED CHANGES IN PRICES AND POTENTIAL IMPACT ON END-USE MARKETS
TABLE 36
NEWBUILD & LINE FIT VESSELS VS. RETROFIT, 2021–2024 (USD MILLION)
TABLE 37
NEWBUILD & LINE FIT VESSELS VS. RETROFIT, 2025–2032 (USD MILLION)
TABLE 38
ELECTRIC SHIP MARKET, BY PROPULSION, 2021–2024 (USD MILLION)
TABLE 39
ELECTRIC SHIP MARKET, BY PROPULSION, 2025–2032 (USD MILLION)
TABLE 40
FULLY ELECTRIC SHIP MARKET, BY PROPULSION, 2021–2024 (USD MILLION)
TABLE 41
FULLY ELECTRIC SHIP MARKET, BY PROPULSION, 2025–2032 (USD MILLION)
TABLE 42
HYBRID ELECTRIC SHIP MARKET, BY PROPULSION, 2021–2024 (USD MILLION)
TABLE 43
HYBRID ELECTRIC SHIP MARKET, BY PROPULSION, 2025–2032 (USD MILLION)
TABLE 44
LINE FIT VS. RETROFIT PROPULSION, 2021–2024 (USD MILLION)
TABLE 45
LINE FIT VS. RETROFIT PROPULSION, 2025–2032 (USD MILLION)
TABLE 46
ELECTRIC SHIP MARKET, BY SOLUTION, 2021–2024 (USD MILLION)
TABLE 47
ELECTRIC SHIP MARKET, BY SOLUTION, 2025–2032 (USD MILLION)
TABLE 48
ELECTRIC SHIP SOLUTION MARKET, BY REGION, 2021–2024 (USD MILLION)
TABLE 49
ELECTRIC SHIP SOLUTION MARKET, BY REGION, 2025–2032 (USD MILLION)
TABLE 50
ELECTRIC SHIP MARKET, BY AUTONOMY, 2021–2024 (USD MILLION)
TABLE 51
ELECTRIC SHIP MARKET, BY AUTONOMY, 2025–2032 (USD MILLION)
TABLE 52
ELECTRIC SHIP MARKET, BY POWER CAPACITY, 2021–2024 (USD MILLION)
TABLE 53
ELECTRIC SHIP MARKET, BY POWER CAPACITY, 2025–2032 (USD MILLION)
TABLE 54
ELECTRIC SHIP MARKET, BY RANGE, 2021–2024 (USD MILLION)
TABLE 55
ELECTRIC SHIP MARKET, BY RANGE, 2025–2032 (USD MILLION)
TABLE 56
ELECTRIC SHIP MARKET, BY TONNAGE, 2021–2024 (USD MILLION)
TABLE 57
ELECTRIC SHIP MARKET, BY TONNAGE, 2025–2032 (USD MILLION)
TABLE 58
ELECTRIC SHIP MARKET, BY SHIP TYPE, 2021–2024 (USD MILLION)
TABLE 59
ELECTRIC SHIP MARKET, BY SHIP TYPE, 2025–2032 (USD MILLION)
TABLE 60
COMMERCIAL ELECTRIC SHIP MARKET, BY SHIP TYPE, 2021–2024 (USD MILLION)
TABLE 61
COMMERCIAL ELECTRIC SHIP MARKET, BY SHIP TYPE, 2025–2032 (USD MILLION)
TABLE 62
PASSENGER VESSELS: COMMERCIAL ELECTRIC SHIP MARKET, BY TYPE, 2021–2024 (USD MILLION)
TABLE 63
PASSENGER VESSELS: COMMERCIAL ELECTRIC SHIP MARKET, BY TYPE, 2025–2032 (USD MILLION)
TABLE 64
CARGO VESSELS: COMMERCIAL ELECTRIC SHIP MARKET, BY TYPE, 2021–2024 (USD MILLION)
TABLE 65
CARGO VESSELS: COMMERCIAL ELECTRIC SHIP MARKET, BY TYPE, 2025–2032 (USD MILLION)
TABLE 66
OTHERS: COMMERCIAL ELECTRIC SHIP MARKET, BY TYPE, 2021–2024 (USD MILLION)
TABLE 67
OTHERS: COMMERCIAL ELECTRIC SHIP MARKET, BY TYPE, 2025–2032 (USD MILLION)
TABLE 68
DEFENSE ELECTRIC SHIP MARKET, BY SHIP TYPE, 2021–2024 (USD MILLION)
TABLE 69
DEFENSE ELECTRIC SHIP MARKET, BY SHIP TYPE, 2025–2032 (USD MILLION)
TABLE 70
ELECTRIC SHIP MARKET, BY REGION, 2021–2024 (USD MILLION)
TABLE 71
ELECTRIC SHIP MARKET, BY REGION, 2025–2032 (USD MILLION)
TABLE 72
NORTH AMERICA: ELECTRIC SHIP MARKET, BY COUNTRY, 2021–2024 (USD MILLION)
TABLE 73
NORTH AMERICA: ELECTRIC SHIP MARKET, BY COUNTRY, 2025–2032 (USD MILLION)
TABLE 74
NORTH AMERICA: ELECTRIC SHIP MARKET, BY POINT OF SALE, 2021–2024 (USD MILLION)
TABLE 75
NORTH AMERICA: ELECTRIC SHIP MARKET, BY POINT OF SALE, 2025–2032 (USD MILLION)
TABLE 76
NORTH AMERICA: ELECTRIC SHIP MARKET, BY PROPULSION, 2021–2024 (USD MILLION)
TABLE 77
NORTH AMERICA: ELECTRIC SHIP MARKET, BY PROPULSION, 2025–2032 (USD MILLION)
TABLE 78
NORTH AMERICA: FULLY ELECTRIC SHIP MARKET, BY TYPE, 2021–2024 (USD MILLION)
TABLE 79
NORTH AMERICA: FULLY ELECTRIC SHIP MARKET, BY TYPE, 2025–2032 (USD MILLION)
TABLE 80
NORTH AMERICA: HYBRID ELECTRIC SHIP MARKET, BY TYPE, 2021–2024 (USD MILLION)
TABLE 81
NORTH AMERICA: HYBRID ELECTRIC SHIP MARKET, BY TYPE, 2025–2032 (USD MILLION)
TABLE 82
NORTH AMERICA: ELECTRIC SHIP MARKET, BY SHIP TYPE, 2021–2024 (USD MILLION)
TABLE 83
NORTH AMERICA: ELECTRIC SHIP MARKET, BY SHIP TYPE, 2025–2032 (USD MILLION)
TABLE 84
NORTH AMERICA: COMMERCIAL ELECTRIC SHIP MARKET, BY SHIP TYPE, 2021–2024 (USD MILLION)
TABLE 85
NORTH AMERICA: COMMERCIAL ELECTRIC SHIP MARKET, BY SHIP TYPE, 2025–2032 (USD MILLION)
TABLE 86
NORTH AMERICA: ELECTRIC PASSENGER VESSEL MARKET, BY TYPE, 2021–2024 (USD MILLION)
TABLE 87
NORTH AMERICA: ELECTRIC PASSENGER VESSEL MARKET, BY TYPE, 2025–2032 (USD MILLION)
TABLE 88
NORTH AMERICA: ELECTRIC CARGO VESSEL MARKET, BY TYPE, 2021–2024 (USD MILLION)
TABLE 89
NORTH AMERICA: ELECTRIC CARGO VESSEL MARKET, BY TYPE, 2025–2032 (USD MILLION)
TABLE 90
NORTH AMERICA: OTHER COMMERCIAL VESSEL MARKET, BY TYPE, 2021–2024 (USD MILLION)
TABLE 91
NORTH AMERICA: OTHER COMMERCIAL VESSEL MARKET, BY TYPE, 2025–2032 (USD MILLION)
TABLE 92
US: ELECTRIC SHIP MARKET, BY POINT OF SALE, 2021–2024 (USD MILLION)
TABLE 93
US: ELECTRIC SHIP MARKET, BY POINT OF SALE, 2025–2032 (USD MILLION)
TABLE 94
US: ELECTRIC SHIP MARKET, BY PROPULSION, 2021–2024 (USD MILLION)
TABLE 95
US: ELECTRIC SHIP MARKET, BY PROPULSION, 2025–2032 (USD MILLION)
TABLE 96
US: ELECTRIC SHIP MARKET, BY SHIP TYPE, 2021–2024 (USD MILLION)
TABLE 97
US: ELECTRIC SHIP MARKET, BY SHIP TYPE, 2025–2032 (USD MILLION)
TABLE 98
CANADA: ELECTRIC SHIP MARKET, BY POINT OF SALE, 2021–2024 (USD MILLION)
TABLE 99
CANADA: ELECTRIC SHIP MARKET, BY POINT OF SALE, 2025–2032 (USD MILLION)
TABLE 100
CANADA: ELECTRIC SHIP MARKET, BY PROPULSION, 2021–2024 (USD MILLION)
TABLE 101
CANADA: ELECTRIC SHIP MARKET, BY PROPULSION, 2025–2032 (USD MILLION)
TABLE 102
CANADA: ELECTRIC SHIP MARKET, BY SHIP TYPE, 2021–2024 (USD MILLION)
TABLE 103
CANADA: ELECTRIC SHIP MARKET, BY SHIP TYPE, 2025–2032 (USD MILLION)
TABLE 104
EUROPE: ELECTRIC SHIP MARKET, BY COUNTRY, 2021–2024 (USD MILLION)
TABLE 105
EUROPE: ELECTRIC SHIP MARKET, BY COUNTRY, 2025–2032 (USD MILLION)
TABLE 106
EUROPE: ELECTRIC SHIP MARKET, BY POINT OF SALE, 2021–2024 (USD MILLION)
TABLE 107
EUROPE: ELECTRIC SHIP MARKET, BY POINT OF SALE, 2025–2032 (USD MILLION)
TABLE 108
EUROPE: ELECTRIC SHIP MARKET, BY PROPULSION, 2021–2024 (USD MILLION)
TABLE 109
EUROPE: ELECTRIC SHIP MARKET, BY PROPULSION, 2025–2032 (USD MILLION)
TABLE 110
EUROPE: FULLY ELECTRIC SHIP MARKET, BY TYPE, 2021–2024 (USD MILLION)
TABLE 111
EUROPE: FULLY ELECTRIC SHIP MARKET, BY TYPE, 2025–2032 (USD MILLION)
TABLE 112
EUROPE: HYBRID ELECTRIC SHIP MARKET, BY TYPE, 2021–2024 (USD MILLION)
TABLE 113
EUROPE: HYBRID ELECTRIC SHIP MARKET, BY TYPE, 2025–2032 (USD MILLION)
TABLE 114
EUROPE: ELECTRIC SHIP MARKET, BY SHIP TYPE, 2021–2024 (USD MILLION)
TABLE 115
EUROPE: ELECTRIC SHIP MARKET, BY SHIP TYPE, 2025–2032 (USD MILLION)
TABLE 116
EUROPE: COMMERCIAL ELECTRIC SHIP MARKET, BY SHIP TYPE, 2021–2024 (USD MILLION)
TABLE 117
EUROPE: COMMERCIAL ELECTRIC SHIP MARKET, BY SHIP TYPE, 2025–2032 (USD MILLION)
TABLE 118
EUROPE: ELECTRIC PASSENGER VESSEL MARKET, BY TYPE, 2021–2024 (USD MILLION)
TABLE 119
EUROPE: ELECTRIC PASSENGER VESSEL MARKET, BY TYPE, 2025–2032 (USD MILLION)
TABLE 120
EUROPE: ELECTRIC CARGO VESSEL MARKET, BY TYPE, 2021–2024 (USD MILLION)
TABLE 121
EUROPE: ELECTRIC CARGO VESSEL MARKET, BY TYPE, 2025–2032 (USD MILLION)
TABLE 122
EUROPE: OTHER COMMERCIAL VESSEL MARKET, BY TYPE, 2021–2024 (USD MILLION)
TABLE 123
EUROPE: OTHER COMMERCIAL VESSEL MARKET, BY TYPE, 2025–2032 (USD MILLION)
TABLE 124
NORWAY: ELECTRIC SHIP MARKET, BY POINT OF SALE, 2021–2024 (USD MILLION)
TABLE 125
NORWAY: ELECTRIC SHIP MARKET, BY POINT OF SALE, 2025–2032 (USD MILLION)
TABLE 126
NORWAY: ELECTRIC SHIP MARKET, BY PROPULSION, 2021–2024 (USD MILLION)
TABLE 127
NORWAY: ELECTRIC SHIP MARKET, BY PROPULSION, 2025–2032 (USD MILLION)
TABLE 128
NORWAY: ELECTRIC SHIP MARKET, BY SHIP TYPE, 2021–2024 (USD MILLION)
TABLE 129
NORWAY: ELECTRIC SHIP MARKET, BY SHIP TYPE, 2025–2032 (USD MILLION)
TABLE 130
SWEDEN: ELECTRIC SHIP MARKET, BY POINT OF SALE, 2021–2024 (USD MILLION)
TABLE 131
SWEDEN: ELECTRIC SHIP MARKET, BY POINT OF SALE, 2025–2032 (USD MILLION)
TABLE 132
SWEDEN: ELECTRIC SHIP MARKET, BY PROPULSION, 2021–2024 (USD MILLION)
TABLE 133
SWEDEN: ELECTRIC SHIP MARKET, BY PROPULSION, 2025–2032 (USD MILLION)
TABLE 134
SWEDEN: ELECTRIC SHIP MARKET, BY SHIP TYPE, 2021–2024 (USD MILLION)
TABLE 135
SWEDEN: ELECTRIC SHIP MARKET, BY SHIP TYPE, 2025–2032 (USD MILLION)
TABLE 136
NETHERLANDS: ELECTRIC SHIP MARKET, BY POINT OF SALE, 2021–2024 (USD MILLION)
TABLE 137
NETHERLANDS: ELECTRIC SHIP MARKET, BY POINT OF SALE, 2025–2032 (USD MILLION)
TABLE 138
NETHERLANDS: ELECTRIC SHIP MARKET, BY PROPULSION, 2021–2024 (USD MILLION)
TABLE 139
NETHERLANDS: ELECTRIC SHIP MARKET, BY PROPULSION, 2025–2032 (USD MILLION)
TABLE 140
NETHERLANDS: ELECTRIC SHIP MARKET, BY SHIP TYPE, 2021–2024 (USD MILLION)
TABLE 141
NETHERLANDS: ELECTRIC SHIP MARKET, BY SHIP TYPE, 2025–2032 (USD MILLION)
TABLE 142
FINLAND: ELECTRIC SHIP MARKET, BY POINT OF SALE, 2021–2024 (USD MILLION)
TABLE 143
FINLAND: ELECTRIC SHIP MARKET, BY POINT OF SALE, 2025–2032 (USD MILLION)
TABLE 144
FINLAND: ELECTRIC SHIP MARKET, BY PROPULSION, 2021–2024 (USD MILLION)
TABLE 145
FINLAND: ELECTRIC SHIP MARKET, BY PROPULSION, 2025–2032 (USD MILLION)
TABLE 146
FINLAND: ELECTRIC SHIP MARKET, BY SHIP TYPE, 2021–2024 (USD MILLION)
TABLE 147
FINLAND: ELECTRIC SHIP MARKET, BY SHIP TYPE, 2025–2032 (USD MILLION)
TABLE 148
DENMARK: ELECTRIC SHIP MARKET, BY POINT OF SALE, 2021–2024 (USD MILLION)
TABLE 149
DENMARK: ELECTRIC SHIP MARKET, BY POINT OF SALE, 2025–2032 (USD MILLION)
TABLE 150
DENMARK: ELECTRIC SHIP MARKET, BY PROPULSION, 2021–2024 (USD MILLION)
TABLE 151
DENMARK: ELECTRIC SHIP MARKET, BY PROPULSION, 2025–2032 (USD MILLION)
TABLE 152
DENMARK: ELECTRIC SHIP MARKET, BY SHIP TYPE, 2021–2024 (USD MILLION)
TABLE 153
DENMARK: ELECTRIC SHIP MARKET, BY SHIP TYPE, 2025–2032 (USD MILLION)
TABLE 154
UK: ELECTRIC SHIP MARKET, BY POINT OF SALE, 2021–2024 (USD MILLION)
TABLE 155
UK: ELECTRIC SHIP MARKET, BY POINT OF SALE, 2025–2032 (USD MILLION)
TABLE 156
UK: ELECTRIC SHIP MARKET, BY PROPULSION, 2021–2024 (USD MILLION)
TABLE 157
UK: ELECTRIC SHIP MARKET, BY PROPULSION, 2025–2032 (USD MILLION)
TABLE 158
UK: ELECTRIC SHIP MARKET, BY SHIP TYPE, 2021–2024 (USD MILLION)
TABLE 159
UK: ELECTRIC SHIP MARKET, BY SHIP TYPE, 2025–2032 (USD MILLION)
TABLE 160
REST OF EUROPE: ELECTRIC SHIP MARKET, BY POINT OF SALE, 2021–2024 (USD MILLION)
TABLE 161
REST OF EUROPE: ELECTRIC SHIP MARKET, BY POINT OF SALE, 2025–2032 (USD MILLION)
TABLE 162
REST OF EUROPE: ELECTRIC SHIP MARKET, BY PROPULSION, 2021–2024 (USD MILLION)
TABLE 163
REST OF EUROPE: ELECTRIC SHIP MARKET, BY PROPULSION, 2025–2032 (USD MILLION)
TABLE 164
REST OF EUROPE: ELECTRIC SHIP MARKET, BY SHIP TYPE, 2021–2024 (USD MILLION)
TABLE 165
REST OF EUROPE: ELECTRIC SHIP MARKET, BY SHIP TYPE, 2025–2032 (USD MILLION)
TABLE 166
ASIA PACIFIC: ELECTRIC SHIP MARKET, BY COUNTRY, 2021–2024 (USD MILLION)
TABLE 167
ASIA PACIFIC: ELECTRIC SHIP MARKET, BY COUNTRY, 2025–2032 (USD MILLION)
TABLE 168
ASIA PACIFIC: ELECTRIC SHIP MARKET, BY POINT OF SALE, 2021–2024 (USD MILLION)
TABLE 169
ASIA PACIFIC: ELECTRIC SHIP MARKET, BY POINT OF SALE, 2025–2032 (USD MILLION)
TABLE 170
ASIA PACIFIC: ELECTRIC SHIP MARKET, BY PROPULSION, 2021–2024 (USD MILLION)
TABLE 171
ASIA PACIFIC: ELECTRIC SHIP MARKET, BY PROPULSION, 2025–2032 (USD MILLION)
TABLE 172
ASIA PACIFIC: FULLY ELECTRIC SHIP MARKET, BY TYPE, 2021–2024 (USD MILLION)
TABLE 173
ASIA PACIFIC: FULLY ELECTRIC SHIP MARKET, BY TYPE, 2025–2032 (USD MILLION)
TABLE 174
ASIA PACIFIC: HYBRID ELECTRIC SHIP MARKET, BY TYPE, 2021–2024 (USD MILLION)
TABLE 175
ASIA PACIFIC: HYBRID ELECTRIC SHIP MARKET, BY TYPE, 2025–2032 (USD MILLION)
TABLE 176
ASIA PACIFIC: ELECTRIC SHIP MARKET, BY SHIP TYPE, 2021–2024 (USD MILLION)
TABLE 177
ASIA PACIFIC: ELECTRIC SHIP MARKET, BY SHIP TYPE, 2025–2032 (USD MILLION)
TABLE 178
ASIA PACIFIC: COMMERCIAL ELECTRIC SHIP MARKET, BY SHIP TYPE, 2021–2024 (USD MILLION)
TABLE 179
ASIA PACIFIC: COMMERCIAL ELECTRIC SHIP MARKET, BY SHIP TYPE, 2025–2032 (USD MILLION)
TABLE 180
ASIA PACIFIC: ELECTRIC PASSENGER VESSEL MARKET, BY TYPE, 2021–2024 (USD MILLION)
TABLE 181
ASIA PACIFIC: ELECTRIC PASSENGER VESSEL MARKET, BY TYPE, 2025–2032 (USD MILLION)
TABLE 182
ASIA PACIFIC: ELECTRIC CARGO VESSEL MARKET, BY TYPE, 2021–2024 (USD MILLION)
TABLE 183
ASIA PACIFIC: ELECTRIC CARGO VESSEL MARKET, BY TYPE, 2025–2032 (USD MILLION)
TABLE 184
ASIA PACIFIC: OTHER COMMERCIAL VESSEL MARKET, BY TYPE, 2021–2024 (USD MILLION)
TABLE 185
ASIA PACIFIC: OTHER COMMERCIAL VESSEL MARKET, BY TYPE, 2025–2032 (USD MILLION)
TABLE 186
CHINA: ELECTRIC SHIP MARKET, BY POINT OF SALE, 2021–2024 (USD MILLION)
TABLE 187
CHINA: ELECTRIC SHIP MARKET, BY POINT OF SALE, 2025–2032 (USD MILLION)
TABLE 188
CHINA: ELECTRIC SHIP MARKET, BY PROPULSION, 2021–2024 (USD MILLION)
TABLE 189
CHINA: ELECTRIC SHIP MARKET, BY PROPULSION, 2025–2032 (USD MILLION)
TABLE 190
CHINA: ELECTRIC SHIP MARKET, BY SHIP TYPE, 2021–2024 (USD MILLION)
TABLE 191
CHINA: ELECTRIC SHIP MARKET, BY SHIP TYPE, 2025–2032 (USD MILLION)
TABLE 192
JAPAN: ELECTRIC SHIP MARKET, BY POINT OF SALE, 2021–2024 (USD MILLION)
TABLE 193
JAPAN: ELECTRIC SHIP MARKET, BY POINT OF SALE, 2025–2032 (USD MILLION)
TABLE 194
JAPAN: ELECTRIC SHIP MARKET, BY PROPULSION, 2021–2024 (USD MILLION)
TABLE 195
JAPAN: ELECTRIC SHIP MARKET, BY PROPULSION, 2025–2032 (USD MILLION)
TABLE 196
JAPAN: ELECTRIC SHIP MARKET, BY SHIP TYPE, 2021–2024 (USD MILLION)
TABLE 197
JAPAN: ELECTRIC SHIP MARKET, BY SHIP TYPE, 2025–2032 (USD MILLION)
TABLE 198
AUSTRALIA: ELECTRIC SHIP MARKET, BY POINT OF SALE, 2021–2024 (USD MILLION)
TABLE 199
AUSTRALIA: ELECTRIC SHIP MARKET, BY POINT OF SALE, 2025–2032 (USD MILLION)
TABLE 200
AUSTRALIA: ELECTRIC SHIP MARKET, BY PROPULSION, 2021–2024 (USD MILLION)
TABLE 201
AUSTRALIA: ELECTRIC SHIP MARKET, BY PROPULSION, 2025–2032 (USD MILLION)
TABLE 202
AUSTRALIA: ELECTRIC SHIP MARKET, BY SHIP TYPE, 2021–2024 (USD MILLION)
TABLE 203
AUSTRALIA: ELECTRIC SHIP MARKET, BY SHIP TYPE, 2025–2032 (USD MILLION)
TABLE 204
SOUTH KOREA: ELECTRIC SHIP MARKET, BY POINT OF SALE, 2021–2024 (USD MILLION)
TABLE 205
SOUTH KOREA: ELECTRIC SHIP MARKET, BY POINT OF SALE, 2025–2032 (USD MILLION)
TABLE 206
SOUTH KOREA: ELECTRIC SHIP MARKET, BY PROPULSION, 2021–2024 (USD MILLION)
TABLE 207
SOUTH KOREA: ELECTRIC SHIP MARKET, BY PROPULSION, 2025–2032 (USD MILLION)
TABLE 208
SOUTH KOREA: ELECTRIC SHIP MARKET, BY SHIP TYPE, 2021–2024 (USD MILLION)
TABLE 209
SOUTH KOREA: ELECTRIC SHIP MARKET, BY SHIP TYPE, 2025–2032 (USD MILLION)
TABLE 210
INDIA: ELECTRIC SHIP MARKET, BY POINT OF SALE, 2021–2024 (USD MILLION)
TABLE 211
INDIA: ELECTRIC SHIP MARKET, BY POINT OF SALE, 2025–2032 (USD MILLION)
TABLE 212
INDIA: ELECTRIC SHIP MARKET, BY PROPULSION, 2021–2024 (USD MILLION)
TABLE 213
INDIA: ELECTRIC SHIP MARKET, BY PROPULSION, 2025–2032 (USD MILLION)
TABLE 214
INDIA: ELECTRIC SHIP MARKET, BY SHIP TYPE, 2021–2024 (USD MILLION)
TABLE 215
INDIA: ELECTRIC SHIP MARKET, BY SHIP TYPE, 2025–2032 (USD MILLION)
TABLE 216
REST OF ASIA PACIFIC: ELECTRIC SHIP MARKET, BY POINT OF SALE, 2021–2024 (USD MILLION)
TABLE 217
REST OF ASIA PACIFIC: ELECTRIC SHIP MARKET, BY POINT OF SALE, 2025–2032 (USD MILLION)
TABLE 218
REST OF ASIA PACIFIC: ELECTRIC SHIP MARKET, BY PROPULSION, 2021–2024 (USD MILLION)
TABLE 219
REST OF ASIA PACIFIC: ELECTRIC SHIP MARKET, BY PROPULSION, 2025–2032 (USD MILLION)
TABLE 220
REST OF ASIA PACIFIC: ELECTRIC SHIP MARKET, BY SHIP TYPE, 2021–2024 (USD MILLION)
TABLE 221
REST OF ASIA PACIFIC: ELECTRIC SHIP MARKET, BY SHIP TYPE, 2025–2032 (USD MILLION)
TABLE 222
MIDDLE EAST: ELECTRIC SHIP MARKET, BY COUNTRY, 2021–2024 (USD MILLION)
TABLE 223
MIDDLE EAST: ELECTRIC SHIP MARKET, BY COUNTRY, 2025–2032 (USD MILLION)
TABLE 224
MIDDLE EAST: ELECTRIC SHIP MARKET, BY POINT OF SALE, 2021–2024 (USD MILLION)
TABLE 225
MIDDLE EAST: ELECTRIC SHIP MARKET, BY POINT OF SALE, 2025–2032 (USD MILLION)
TABLE 226
MIDDLE EAST: ELECTRIC SHIP MARKET, BY PROPULSION, 2021–2024 (USD MILLION)
TABLE 227
MIDDLE EAST: ELECTRIC SHIP MARKET, BY PROPULSION, 2025–2032 (USD MILLION)
TABLE 228
MIDDLE EAST: FULLY ELECTRIC SHIP MARKET, BY TYPE, 2021–2024 (USD MILLION)
TABLE 229
MIDDLE EAST: FULLY ELECTRIC SHIP MARKET, BY TYPE, 2025–2032 (USD MILLION)
TABLE 230
MIDDLE EAST: HYBRID ELECTRIC SHIP MARKET, BY TYPE, 2021–2024 (USD MILLION)
TABLE 231
MIDDLE EAST: HYBRID ELECTRIC SHIP MARKET, BY TYPE, 2025–2032 (USD MILLION)
TABLE 232
MIDDLE EAST: ELECTRIC SHIP MARKET, BY SHIP TYPE, 2021–2024 (USD MILLION)
TABLE 233
MIDDLE EAST: ELECTRIC SHIP MARKET, BY SHIP TYPE, 2025–2032 (USD MILLION)
TABLE 234
MIDDLE EAST: COMMERCIAL ELECTRIC SHIP MARKET, BY SHIP TYPE, 2021–2024 (USD MILLION)
TABLE 235
MIDDLE EAST: COMMERCIAL ELECTRIC SHIP MARKET, BY SHIP TYPE, 2025–2032 (USD MILLION)
TABLE 236
MIDDLE EAST: ELECTRIC PASSENGER VESSEL MARKET, BY TYPE, 2021–2024 (USD MILLION)
TABLE 237
MIDDLE EAST: ELECTRIC PASSENGER VESSEL MARKET, BY TYPE, 2025–2032 (USD MILLION)
TABLE 238
MIDDLE EAST: ELECTRIC CARGO VESSEL MARKET, BY TYPE, 2021–2024 (USD MILLION)
TABLE 239
MIDDLE EAST: ELECTRIC CARGO VESSEL MARKET, BY TYPE, 2025–2032 (USD MILLION)
TABLE 240
MIDDLE EAST: OTHER COMMERCIAL VESSEL MARKET, BY TYPE, 2021–2024 (USD MILLION)
TABLE 241
MIDDLE EAST: OTHER COMMERCIAL VESSEL MARKET, BY TYPE, 2025–2032 (USD MILLION)
TABLE 242
GCC: ELECTRIC SHIP MARKET, BY COUNTRY, 2021–2024 (USD MILLION)
TABLE 243
GCC: ELECTRIC SHIP MARKET, BY COUNTRY, 2025–2032 (USD MILLION)
TABLE 244
GCC: ELECTRIC SHIP MARKET, BY POINT OF SALE, 2021–2024 (USD MILLION)
TABLE 245
GCC: ELECTRIC SHIP MARKET, BY POINT OF SALE, 2025–2032 (USD MILLION)
TABLE 246
GCC: ELECTRIC SHIP MARKET, BY PROPULSION, 2021–2024 (USD MILLION)
TABLE 247
GCC: ELECTRIC SHIP MARKET, BY PROPULSION, 2025–2032 (USD MILLION)
TABLE 248
GCC: ELECTRIC SHIP MARKET, BY SHIP TYPE, 2021–2024 (USD MILLION)
TABLE 249
GCC: ELECTRIC SHIP MARKET, BY SHIP TYPE, 2025–2032 (USD MILLION)
TABLE 250
SAUDI ARABIA: ELECTRIC SHIP MARKET, BY POINT OF SALE, 2021–2024 (USD MILLION)
TABLE 251
SAUDI ARABIA: ELECTRIC SHIP MARKET, BY POINT OF SALE, 2025–2032 (USD MILLION)
TABLE 252
SAUDI ARABIA: ELECTRIC SHIP MARKET, BY PROPULSION, 2021–2024 (USD MILLION)
TABLE 253
SAUDI ARABIA: ELECTRIC SHIP MARKET, BY PROPULSION, 2025–2032 (USD MILLION)
TABLE 254
SAUDI ARABIA: ELECTRIC SHIP MARKET, BY SHIP TYPE, 2021–2024 (USD MILLION)
TABLE 255
SAUDI ARABIA: ELECTRIC SHIP MARKET, BY SHIP TYPE, 2025–2032 (USD MILLION)
TABLE 256
UAE: ELECTRIC SHIP MARKET, BY POINT OF SALE, 2021–2024 (USD MILLION)
TABLE 257
UAE: ELECTRIC SHIP MARKET, BY POINT OF SALE, 2025–2032 (USD MILLION)
TABLE 258
UAE: ELECTRIC SHIP MARKET, BY PROPULSION, 2021–2024 (USD MILLION)
TABLE 259
UAE: ELECTRIC SHIP MARKET, BY PROPULSION, 2025–2032 (USD MILLION)
TABLE 260
UAE: ELECTRIC SHIP MARKET, BY SHIP TYPE, 2021–2024 (USD MILLION)
TABLE 261
UAE: ELECTRIC SHIP MARKET, BY SHIP TYPE, 2025–2032 (USD MILLION)
TABLE 262
ISRAEL: ELECTRIC SHIP MARKET, BY POINT OF SALE, 2021–2024 (USD MILLION)
TABLE 263
ISRAEL: ELECTRIC SHIP MARKET, BY POINT OF SALE, 2025–2032 (USD MILLION)
TABLE 264
ISRAEL: ELECTRIC SHIP MARKET, BY PROPULSION, 2021–2024 (USD MILLION)
TABLE 265
ISRAEL: ELECTRIC SHIP MARKET, BY PROPULSION, 2025–2032 (USD MILLION)
TABLE 266
ISRAEL: ELECTRIC SHIP MARKET, BY SHIP TYPE, 2021–2024 (USD MILLION)
TABLE 267
ISRAEL: ELECTRIC SHIP MARKET, BY SHIP TYPE, 2025–2032 (USD MILLION)
TABLE 268
TURKEY: ELECTRIC SHIP MARKET, BY POINT OF SALE, 2021–2024 (USD MILLION)
TABLE 269
TURKEY: ELECTRIC SHIP MARKET, BY POINT OF SALE, 2025–2032 (USD MILLION)
TABLE 270
TURKEY: ELECTRIC SHIP MARKET, BY PROPULSION, 2021–2024 (USD MILLION)
TABLE 271
TURKEY: ELECTRIC SHIP MARKET, BY PROPULSION, 2025–2032 (USD MILLION)
TABLE 272
TURKEY: ELECTRIC SHIP MARKET, BY SHIP TYPE, 2021–2024 (USD MILLION)
TABLE 273
TURKEY: ELECTRIC SHIP MARKET, BY SHIP TYPE, 2025–2032 (USD MILLION)
TABLE 274
REST OF THE WORLD: ELECTRIC SHIP MARKET, BY REGION, 2021–2024 (USD MILLION)
TABLE 275
REST OF THE WORLD: ELECTRIC SHIP MARKET, BY REGION, 2025–2032 (USD MILLION)
TABLE 276
REST OF THE WORLD: ELECTRIC SHIP MARKET, BY POINT OF SALE, 2021–2024 (USD MILLION)
TABLE 277
REST OF THE WORLD: ELECTRIC SHIP MARKET, BY POINT OF SALE, 2025–2032 (USD MILLION)
TABLE 278
REST OF THE WORLD: ELECTRIC SHIP MARKET, BY PROPULSION, 2021–2024 (USD MILLION)
TABLE 279
REST OF THE WORLD: ELECTRIC SHIP MARKET, BY PROPULSION, 2025–2032 (USD MILLION)
TABLE 280
REST OF THE WORLD: FULLY ELECTRIC SHIP MARKET, BY TYPE, 2021–2024 (USD MILLION)
TABLE 281
REST OF THE WORLD: FULLY ELECTRIC SHIP MARKET, BY TYPE, 2025–2032 (USD MILLION)
TABLE 282
REST OF THE WORLD: HYBRID ELECTRIC SHIP MARKET, BY TYPE, 2021–2024 (USD MILLION)
TABLE 283
REST OF THE WORLD: HYBRID ELECTRIC SHIP MARKET, BY TYPE, 2025–2032 (USD MILLION)
TABLE 284
REST OF THE WORLD: ELECTRIC SHIP MARKET, BY SHIP TYPE, 2021–2024 (USD MILLION)
TABLE 285
REST OF THE WORLD: ELECTRIC SHIP MARKET, BY SHIP TYPE, 2025–2032 (USD MILLION)
TABLE 286
REST OF THE WORLD: COMMERCIAL ELECTRIC SHIP MARKET, BY SHIP TYPE, 2021–2024 (USD MILLION)
TABLE 287
REST OF THE WORLD: COMMERCIAL ELECTRIC SHIP MARKET, BY SHIP TYPE, 2025–2032 (USD MILLION)
TABLE 288
REST OF THE WORLD: ELECTRIC PASSENGER VESSEL MARKET, BY TYPE, 2021–2024 (USD MILLION)
TABLE 289
REST OF THE WORLD: ELECTRIC PASSENGER VESSEL MARKET, BY TYPE, 2025–2032 (USD MILLION)
TABLE 290
REST OF THE WORLD: ELECTRIC CARGO VESSEL MARKET, BY TYPE, 2021–2024 (USD MILLION)
TABLE 291
REST OF THE WORLD: ELECTRIC CARGO VESSEL MARKET, BY TYPE, 2025–2032 (USD MILLION)
TABLE 292
REST OF THE WORLD: OTHER COMMERCIAL VESSEL MARKET, BY TYPE, 2021–2024 (USD MILLION)
TABLE 293
REST OF THE WORLD: OTHER COMMERCIAL VESSEL MARKET, BY TYPE, 2025–2032 (USD MILLION)
TABLE 294
AFRICA: ELECTRIC SHIP MARKET, BY POINT OF SALE, 2021–2024 (USD MILLION)
TABLE 295
AFRICA: ELECTRIC SHIP MARKET, BY POINT OF SALE, 2025–2032 (USD MILLION)
TABLE 296
AFRICA: ELECTRIC SHIP MARKET, BY PROPULSION, 2021–2024 (USD MILLION)
TABLE 297
AFRICA: ELECTRIC SHIP MARKET, BY PROPULSION, 2025–2032 (USD MILLION)
TABLE 298
AFRICA: ELECTRIC SHIP MARKET, BY SHIP TYPE, 2021–2024 (USD MILLION)
TABLE 299
AFRICA: ELECTRIC SHIP MARKET, BY SHIP TYPE, 2025–2032 (USD MILLION)
TABLE 300
LATIN AMERICA: ELECTRIC SHIP MARKET, BY POINT OF SALE, 2021–2024 (USD MILLION)
TABLE 301
LATIN AMERICA: ELECTRIC SHIP MARKET, BY POINT OF SALE, 2025–2032 (USD MILLION)
TABLE 302
LATIN AMERICA: ELECTRIC SHIP MARKET, BY PROPULSION, 2021–2024 (USD MILLION)
TABLE 303
LATIN AMERICA: ELECTRIC SHIP MARKET, BY PROPULSION, 2025–2032 (USD MILLION)
TABLE 304
LATIN AMERICA: ELECTRIC SHIP MARKET, BY SHIP TYPE, 2021–2024 (USD MILLION)
TABLE 305
LATIN AMERICA: ELECTRIC SHIP MARKET, BY SHIP TYPE, 2025–2032 (USD MILLION)
TABLE 306
KEY PLAYER STRATEGIES/RIGHT TO WIN, 2022–2025
TABLE 307
ELECTRIC SHIP MARKET: DEGREE OF COMPETITION
TABLE 308
REGION FOOTPRINT
TABLE 309
POINT OF SALE FOOTPRINT
TABLE 310
SHIP TYPE FOOTPRINT
TABLE 311
LIST OF START-UPS/SMES
TABLE 312
COMPETITIVE BENCHMARKING OF START-UPS/SMES
TABLE 313
ELECTRIC SHIP MARKET: PRODUCT LAUNCHES/DEVELOPMENTS, 2021–2025
TABLE 314
ELECTRIC SHIP MARKET: DEALS, 2021–2025
TABLE 315
ELECTRIC SHIP MARKET: OTHERS, 2021–2025
TABLE 316
ABB: COMPANY OVERVIEW
TABLE 317
ABB: PRODUCTS OFFERED
TABLE 318
ABB: PRODUCT LAUNCHES/DEVELOPMENTS
TABLE 319
ABB: DEALS
TABLE 320
ABB: OTHERS
TABLE 321
WÄRTSILÄ: COMPANY OVERVIEW
TABLE 322
WÄRTSILÄ: PRODUCTS OFFERED
TABLE 323
WÄRTSILÄ: PRODUCT LAUNCHES/DEVELOPMENTS
TABLE 324
WÄRTSILÄ: DEALS
TABLE 325
WÄRTSILÄ: OTHERS
TABLE 326
SCHOTTEL GROUP: COMPANY OVERVIEW
TABLE 327
SCHOTTEL GROUP: PRODUCTS OFFERED
TABLE 328
SCHOTTEL GROUP: DEALS
TABLE 329
SCHOTTEL GROUP: OTHERS
TABLE 330
CORVUS ENERGY: COMPANY OVERVIEW
TABLE 331
CORVUS ENERGY: PRODUCTS OFFERED
TABLE 332
CORVUS ENERGY: DEALS
TABLE 333
CORVUS ENERGY: OTHERS
TABLE 334
GE VERNOVA: COMPANY OVERVIEW
TABLE 335
GE VERNOVA: PRODUCTS OFFERED
TABLE 336
GE VERNOVA: DEALS
TABLE 337
GE VERNOVA: OTHERS
TABLE 338
KONGSBERG: COMPANY OVERVIEW
TABLE 339
KONGSBERG: PRODUCTS OFFERED
TABLE 340
KONGSBERG: OTHERS
TABLE 341
VARD AS: COMPANY OVERVIEW
TABLE 342
VARD AS: PRODUCTS OFFERED
TABLE 343
VARD AS: OTHERS
TABLE 344
SIEMENS: COMPANY OVERVIEW
TABLE 345
SIEMENS: PRODUCTS OFFERED
TABLE 346
LECLANCHÉ SA: COMPANY OVERVIEW
TABLE 347
LECLANCHÉ SA: PRODUCTS OFFERED
TABLE 348
LECLANCHÉ SA: PRODUCT LAUNCHES/DEVELOPMENTS
TABLE 349
LECLANCHÉ SA: DEALS
TABLE 350
LECLANCHÉ SA: OTHERS
TABLE 351
BAE SYSTEMS: COMPANY OVERVIEW
TABLE 352
BAE SYSTEMS: PRODUCTS OFFERED
TABLE 353
BAE SYSTEMS: OTHERS
TABLE 354
SAFT: COMPANY OVERVIEW
TABLE 355
SAFT: PRODUCTS OFFERED
TABLE 356
NORWEGIAN ELECTRIC SYSTEMS: COMPANY OVERVIEW
TABLE 357
NORWEGIAN ELECTRIC SYSTEMS: PRODUCTS OFFERED
TABLE 358
NORWEGIAN ELECTRIC SYSTEMS: DEALS
TABLE 359
NORWEGIAN ELECTRIC SYSTEMS: OTHERS
TABLE 360
EVERLLENCE: COMPANY OVERVIEW
TABLE 361
EVERLLENCE: PRODUCTS OFFERED
TABLE 362
EVERLLENCE: PRODUCT LAUNCHES/DEVELOPMENTS
TABLE 363
EVERLLENCE: DEALS
TABLE 364
EVERLLENCE: OTHERS
TABLE 365
ECHANDIA AB: COMPANY OVERVIEW
TABLE 366
ECHANDIA AB: PRODUCTS OFFERED
TABLE 367
ECHANDIA AB: DEALS
TABLE 368
ECHANDIA AB: OTHERS
TABLE 369
ANGLO BELGIAN CORPORATION NV: COMPANY OVERVIEW
TABLE 370
ANGLO BELGIAN CORPORATION NV: PRODUCTS OFFERED
TABLE 371
ANGLO BELGIAN CORPORATION NV: DEALS
TABLE 372
ANGLO BELGIAN CORPORATION NV: OTHERS
TABLE 373
DANFOSS: COMPANY OVERVIEW
TABLE 374
DANFOSS: PRODUCTS OFFERED
TABLE 375
DANFOSS: DEALS
TABLE 376
DANFOSS: OTHERS
TABLE 377
FJELLSTRAND AS: COMPANY OVERVIEW
TABLE 378
FJELLSTRAND AS: PRODUCTS OFFERED
TABLE 379
FJELLSTRAND AS: PRODUCT LAUNCHES/DEVELOPMENTS
TABLE 380
FJELLSTRAND AS: OTHERS
TABLE 381
SØBY SHIPYARD: COMPANY OVERVIEW
TABLE 382
SØBY SHIPYARD: PRODUCTS OFFERED
TABLE 383
MITSUBISHI SHIPBUILDING CO., LTD.: COMPANY OVERVIEW
TABLE 384
MITSUBISHI SHIPBUILDING CO., LTD.: PRODUCTS OFFERED
TABLE 385
DAMEN SHIPYARDS GROUP: COMPANY OVERVIEW
TABLE 386
DAMEN SHIPYARDS GROUP: PRODUCTS OFFERED
TABLE 387
DAMEN SHIPYARDS GROUP: PRODUCT LAUNCHES/DEVELOPMENTS
TABLE 388
DAMEN SHIPYARDS GROUP: DEALS
TABLE 389
DAMEN SHIPYARDS GROUP: OTHERS
TABLE 390
BALTIC WORKBOATS AS: COMPANY OVERVIEW
TABLE 391
BALTIC WORKBOATS AS: PRODUCTS OFFERED
TABLE 392
BALTIC WORKBOATS AS: DEALS
TABLE 393
BALTIC WORKBOATS AS: OTHERS
TABLE 394
COCHIN SHIPYARD LIMITED: COMPANY OVERVIEW
TABLE 395
COCHIN SHIPYARD LIMITED: PRODUCTS OFFERED
TABLE 396
COCHIN SHIPYARD LIMITED: PRODUCT LAUNCHES/DEVELOPMENTS
TABLE 397
COCHIN SHIPYARD LIMITED: DEALS
TABLE 398
COCHIN SHIPYARD LIMITED: OTHERS
TABLE 399
ECO MARINE POWER CO., LTD.: COMPANY OVERVIEW
TABLE 400
EST FLOATTECH: COMPANY OVERVIEW
TABLE 401
SHIFT: COMPANY OVERVIEW
TABLE 402
INCAT CROWTHER: COMPANY OVERVIEW
TABLE 403
INGETEAM, S.A.: COMPANY OVERVIEW
TABLE 404
VOITH TURBO MARINE: COMPANY OVERVIEW
TABLE 405
YARA: COMPANY OVERVIEW
LIST OF FIGURES
FIGURE 1
ELECTRIC SHIP MARKET SEGMENTATION
FIGURE 2
RESEARCH DESIGN MODEL
FIGURE 3
RESEARCH DESIGN
FIGURE 4
BOTTOM-UP APPROACH
FIGURE 5
TOP-DOWN APPROACH
FIGURE 6
DATA TRIANGULATION
FIGURE 7
COMMERCIAL TO BE LARGER THAN DEFENSE DURING FORECAST PERIOD
FIGURE 8
MANNED SEGMENT TO BE DOMINANT DURING FORECAST PERIOD
FIGURE 9
NEWBUILD & LINE FIT SEGMENT TO ACQUIRE HIGHER SHARE DURING FORECAST PERIOD
FIGURE 10
POWER DRIVE TO RECORD HIGHEST CAGR DURING FORECAST PERIOD
FIGURE 11
<500 DWT SEGMENT TO LEAD MARKET DURING FORECAST PERIOD
FIGURE 12
EUROPE TO EXHIBIT FASTEST GROWTH DURING FORECAST PERIOD
FIGURE 13
RISING ADOPTION OF ELECTRIC PROPULSION TO DRIVE MARKET
FIGURE 14
FULLY ELECTRIC TO HOLD HIGHER SHARE THAN HYBRID IN 2025
FIGURE 15
DIESEL & BATTERY-POWERED TO BE LARGEST SEGMENT DURING FORECAST PERIOD
FIGURE 16
PASSENGER VESSELS TO SURPASS OTHER SEGMENTS DURING FORECAST PERIOD
FIGURE 17
FERRIES TO SECURE LEADING POSITION DURING FORECAST PERIOD
FIGURE 18
ELECTRIC SHIP MARKET DYNAMICS
FIGURE 19
COMMON LITHIUM-ION BATTERIES
FIGURE 20
RELATIVE FEASIBILITY OF ENERGY STORAGE TECHNOLOGIES
FIGURE 21
TRENDS AND DISRUPTIONS IMPACTING CUSTOMER BUSINESS
FIGURE 22
ECOSYSTEM ANALYSIS
FIGURE 23
INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY SHIP TYPE
FIGURE 24
KEY BUYING CRITERIA, BY SHIP TYPE
FIGURE 25
IMPORT DATA FOR HS CODE 8901-COMPLIANT PRODUCTS, BY COUNTRY, 2020–2024 (USD THOUSAND)
FIGURE 26
EXPORT DATA FOR HS CODE 8901-COMPLIANT PRODUCTS, BY COUNTRY, 2020–2024 (USD THOUSAND)
FIGURE 27
PATENT ANALYSIS
FIGURE 28
AVERAGE SELLING PRICING TREND ELECTRIC SHIPS OFFERED BY KEY PLAYERS, 2021–2024 (USD MILLION)
FIGURE 29
AVERAGE SELLING PRICING TREND, BY REGION, 2020–2024 (USD MILLION)
FIGURE 30
INVESTMENT AND FUNDING SCENARIO, 2020–2024
FIGURE 31
BUSINESS MODELS IN ELECTRIC SHIP MARKET
FIGURE 32
VALUE CHAIN ANALYSIS
FIGURE 33
TECHNOLOGY ROADMAP OF ELECTRIC SHIP MARKET
FIGURE 34
EVOLUTION OF ELECTRIC SHIP TECHNOLOGIES
FIGURE 35
AI IN MARINE INDUSTRY
FIGURE 36
ADOPTION OF AI IN MARINE INDUSTRY BY TOP COUNTRIES
FIGURE 37
IMPACT OF AI ON DIFFERENT MARINE VESSELS
FIGURE 38
IMPACT OF AI ON ELECTRIC SHIP MARKET
FIGURE 39
NEWBUILD & LINE FIT VESSELS VS. RETROFIT, 2025–2032 (USD MILLION)
FIGURE 40
ELECTRIC SHIP MARKET, BY SOLUTION, 2025–2032 (USD MILLION)
FIGURE 41
ELECTRIC SHIP MARKET, BY AUTONOMY, 2025–2032 (USD MILLION)
FIGURE 42
ELECTRIC SHIP MARKET, BY POWER CAPACITY, 2025–2032 (USD MILLION)
FIGURE 43
ELECTRIC SHIP MARKET, BY RANGE, 2025–2032 (USD MILLION)
FIGURE 44
ELECTRIC SHIP MARKET, BY TONNAGE, 2025–2032 (USD MILLION)
FIGURE 45
ELECTRIC SHIP MARKET, BY SHIP TYPE, 2025–2032 (USD MILLION)
FIGURE 46
ELECTRIC SHIP MARKET, BY REGION, 2025–2032 (USD MILLION)
FIGURE 47
NORTH AMERICA: ELECTRIC SHIP MARKET SNAPSHOT
FIGURE 48
EUROPE: ELECTRIC SHIP MARKET SNAPSHOT
FIGURE 49
ASIA PACIFIC: ELECTRIC SHIP MARKET SNAPSHOT
FIGURE 50
MIDDLE EAST: ELECTRIC SHIP MARKET SNAPSHOT
FIGURE 51
REST OF THE WORLD: ELECTRIC SHIP MARKET SNAPSHOT
FIGURE 52
MARKET SHARE ANALYSIS OF TOP FIVE PLAYERS, 2024
FIGURE 53
REVENUE ANALYSIS OF TOP FIVE PLAYERS, 2021–2024
FIGURE 54
BRAND/PRODUCT COMPARISON
FIGURE 55
FINANCIAL METRICS (EV/EBITDA)
FIGURE 56
COMPANY VALUATION (USD BILLION)
FIGURE 57
COMPANY EVALUATION MATRIX (KEY PLAYERS), 2025
FIGURE 58
COMPANY FOOTPRINT
FIGURE 59
COMPANY EVALUATION MATRIX (START-UPS/SMES), 2025
FIGURE 60
ABB: COMPANY SNAPSHOT
FIGURE 61
WÄRTSILÄ: COMPANY SNAPSHOT
FIGURE 62
GE VERNOVA: COMPANY SNAPSHOT
FIGURE 63
KONGSBERG: COMPANY SNAPSHOT
FIGURE 64
SIEMENS: COMPANY SNAPSHOT
FIGURE 65
BAE SYSTEMS: COMPANY SNAPSHOT
Methodology
The study involved four major activities in estimating the current size of the electric ship market. Extensive secondary research was conducted to collect information on the electric ship market, its adjacent markets, and its parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Demand-side analysis was carried out to estimate the overall size of the market. After that, market breakdown and data triangulation procedures were used to estimate the sizes of different segments and subsegments of the electric ship market.
Secondary Research
In the secondary research process, various sources were referred to identify and collect information for this study. The secondary sources included government sources; corporate filings such as annual reports, press releases, and investor presentations of companies; white papers, journals, and certified publications; and articles from recognized authors, directories, and databases.
Primary Research
Extensive primary research was conducted after acquiring information regarding the market scenario through secondary research. Several primary interviews were conducted with market experts from both the demand and supply sides across North America, Europe, Asia Pacific, the Middle East, and the Rest of the World, comprising Africa and Latin America. Primary data was collected through questionnaires, emails, and telephone interviews.
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
The top-down and bottom-up approaches were used to estimate and validate the size of the electric ship market. The research methodology used to estimate the market size includes the following details.
- Key players in the electric ship market were identified through secondary research, and their market share was determined through primary and secondary research. This included a study of the annual and financial reports of the top market players and extensive interviews with leaders such as directors, engineers, marketing executives, and other stakeholders of leading companies operating in the electric ship market.
- All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources. All possible parameters that affect the markets covered in this research study were accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data on the electric ship market. This data was consolidated, enhanced with detailed inputs, analyzed by MarketsandMarkets, and presented in this report.
Electric Ship Market : Top-Down and Bottom-Up Approach
Data Triangulation
After arriving at the overall market size, the total market was split into several segments and subsegments. The data triangulation and market breakdown procedures explained below were implemented, wherever applicable, to complete the overall market engineering process and arrive at the estimated market numbers for the market segments and subsegments. The data was triangulated by studying various factors and trends from the demand and supply sides. The market size was also validated using the top-down and bottom-up approaches.
Market Definition
The electric ship market encompasses the development, deployment, and operation of vessels that utilize full or hybrid electric propulsion systems. It includes applications across passenger ferries, cargo vessels, defense platforms, and service ships, supported by advanced batteries, hybrid energy storage, and integrated power management systems. The market is driven by stringent environmental regulations, high fuel costs, and improvements in energy storage and distribution technologies that enhance operational efficiency and reduce lifecycle emissions. Beyond propulsion, the scope extends to supporting port infrastructure, charging networks, and digital energy management solutions that enable wider adoption.
Key Stakeholders
- System/Component Manufacturers
- Passenger Vessel Operators
- Shipping Vessel Operators
- Government Organizations
- Shipbuilders
- System Integrators
Report Objectives
- To define, describe, segment, and forecast the size of the electric ship market based on point of sale, solution, ship type, power capacity, tonnage, range, autonomy, and region from 2025 to 2032
- To forecast the size of market segments with respect to five major regions, namely North America, Europe, Asia Pacific, the Middle East, and the Rest of the World
- To identify and analyze key drivers, restraints, opportunities, and challenges influencing market growth
- To strategically analyze micro markets with respect to individual growth trends, prospects, and their contribution to the market
- To analyze opportunities for stakeholders in the market by identifying key market trends
- To analyze competitive developments such as acquisitions, agreements, contracts, expansions, joint ventures, partnerships, product launches/developments, and R&D activities in the market
- To provide a detailed competitive landscape of the market, in addition to an analysis of business and corporate strategies adopted by leading market players
- To strategically profile key market players and comprehensively analyze their core competencies
Customization Options
MarketsandMarkets offers the following customizations for this market report:
- Additional country-level analysis of the electric ship market
- Profiling of five additional market players
Product Analysis
- Product matrix, which provides a detailed comparison of the product portfolio of each company in the electric ship market
Company Information
- Detailed analysis and profiling of up to five additional market players
Key Questions Addressed by the Report
Which are the major companies in the electric ship market?
Key market players include ABB (Switzerland), Wartsila (Finland), Kongsberg (Norway), GE Vernova (US), VARD AS (Norway), and Siemens (Germany).
What are the drivers and opportunities for the electric ship market?
The electric ship market is growing due to regulatory demands, fuel price fluctuations, and decarbonization goals, increasing the demand for cleaner propulsion systems. Advances in battery, hybrid storage, and fuel cell technology are enhancing efficiency, safety, and lifespan, while reductions in fuel use and maintenance costs are improving operating margins. The strongest growth prospects are in short-sea shipping, inland waterways, and passenger ferries, where the technology matches operational needs.
Which region will hold the largest share in the next five years?
Europe is expected to hold the largest share from 2025 to 2032, showcasing strong demand for electric ships.
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
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
Custom Market Research Services
We Will Customise The Research For You, In Case The Report Listed Above Does Not Meet With Your Requirements
Get 10% Free Customisation
Before You Go
Expand Beyond Electric Ship Market
Explore the top 20 industries influencing your market growth
Human and AI Powered Market Intelligence
Find Untapped Markets
Growth opportunities and latent adjacency in Electric Ship Market