Electric Ship Market

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

Report Code: AS 7444 Oct, 2021, by marketsandmarkets.com

[370 Pages Report] The global electric ship market size is projected to grow from USD 4.7 Billion in 2021 to USD 16.2 Billion by 2030, at a CAGR of 14.9% from 2021 to 2030. (Two forecast periods, i.e., 2021 to 2025 and 2025 to 2030 are considered in this market report, as the adoption of electric propulsion systems is estimated to grow at a higher rate post-2025). Some of the factors that are expected to fuel the growth of the electric ships are the International Maritime Organization’s ruling on reducing sulfur emissions, effective from 1st January 2020, and wide adoption of fully electric passenger vessels.

Kongsberg (Norway), ABB (Switzerland), Wartsila (Finland), Norwegian Electric Systems as (Norway), Corvus Energy (Canada), General Dynamics Electric Boat (US), MAN Energy Solutions SE (Germany), Vard (Norway), Siemens (Germany), and Leclanchι SA (Switzerland), among others are some of the players focusing on developing new electric ships with advanced features such as autonomous and remotely modes of operation, use of fuel cells, and solar power for providing power to ships, and fully electric propulsion for large ships among others. There are opportunities for innovative companies to manufacture lightweight, high-density marine lithium batteries.

Electric Ships Market

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 Electric Ships Market with COVID-19 Impact Analysis

As with other industries, the Coronavirus Pandemic has affected the shipping industry as well. The shipping industry has become a major part of any country’s supply chain, which was significantly affected by the global pandemic. The shipping industry is dependent upon production which was brought to a halt to prevent people from being affected by the virus, resulting in significant stress for the shipping industry.

Market dynamics of Electric Ships Market

Drivers: Rise in adoption of hybrid and electric propulsion for retrofitting ships

Shipbuilders and operators are moving toward automation and integration of newbuild ships and retrofit the existing ships with hybrid and electric propulsion. This is in response to adhere to the IMO 2020 rule. According to this rule, ship operators must use fuels that should not exceed 0.50% sulfur content against the current limit of 3.50%. Thus, ship integrators and owners are switching their existing diesel-driven engines with electric or hybrid propulsion. Various ship owners of Norway, the US, Greece, China, and France are actively involved in retrofitting their current ship fleet with new technologies like hybrid and electric. For instance, in January 2019, Wartsila signed an agreement with the Hagland Shipping AS to retrofit its diesel-driven general cargo vessels with battery hybrid propulsion for shortsea shipping.North American and European countries have been already implementing several changes to their inland transport, as there is high demand and great potential for hybrid and fully electric passenger vessels in these regions, and the governments are pushing for a cleaner mode of waterway transportation. Additionally, the cost of operation of an electric vessel is substantially lower than that of a diesel vessel.

Restraints: Limited range and capacity of fully electric ships

Limited travel distance and capacity are major restraints of full-electric ships. These ships, on average, can travel  80 km on a single charge.The largest fully electric passenger vessel, the Ellen ferry operating in Denmark, can undergo a round trip of 22 nautical miles. A huge limitation regarding electric ships is the range they can travel before the batteries require recharging. Hybrid ships can alleviate this constraint to an extent by installing diesel generators that can charge the batteries and propel the ship in times of extra power requirement or when the batteries are depleted. However, this does not solve the problem of having a “zero-emission” shipping and transport industry concept.

The capacity in terms of deadweight tonnage that fully electric ships can carry is also limited. China’s first fully electric cargo ship can travel 80 km and carry 2,200 tons of cargo. A large container ship can carry approximately 200,000 container loads of cargo. The engine itself weighs approximately 2,300 tons. There is a vast gap between the engine capacity of a diesel ship and an electric ship in the amount of cargo it can haul. It is also challenging to bridge the gap with the current battery technology.

Challenges: Impact of COVID-19

As with other industries, the coronavirus pandemic has affected the shipping industry as well. The shipping industry has become a major part of any country’s supply chain, which was significantly affected by the global pandemic. The shipping industry is dependent upon production, which was brought to a halt to prevent people from being affected by the virus, resulting in significant stress for the shipping industry.

One of the major challenges faced by the shipping industry is the failure to maintain vessels, which leads to operational failure. This results in delays and hindrances in the shipping industry due to irregular breakdowns. Travel restrictions due to the pandemic also were one of the major challenges for engineers in undertaking regular repairs. During the pandemic, key players such as ABB (Switzerland), Wartsila (Finland), and General Electric (US) faced a decline in revenue as compared to the previous fiscal year.

These challenges are being resolved to improve the current scenario in the industry. The cost of shipping is high due to low demand as well as low availability of vessels. This trend is expected to continue till the end of the pandemic. The shipping industry is expected to make efforts to overcome the challenges caused due to COVID-19 as countries are now focusing on maintaining supply chains to enable running businesses.

Opportunities:  Hybrid propulsion technology for large ships

Currently, hybrid propulsion technology is most suitable for small vessels such as ferries and cruise ships. However, with the development of marine electric propulsion technology and alternative fuels such as fuel cells, there is a huge opportunity for manufacturers to work on electric propulsion systems for larger ships.

In the UK, a shipbuilder, Ferguson Marine, has built a diesel-electric hybrid ferry, the Catriona, worth USD 14 million for CalMac to use on its Clyde and Hebridean routes. Catriona’s hybrid system works by combining diesel power with electric battery power. According to a report named A Smarter Journey, published by Siemens and Bellona in June 2018, 70% of the 180-strong Norwegian ferry fleet could be converted to a battery or hybrid propulsion, 84 to all-electric, and 43 to some form of hybrid technology.

Based on the mode of operation, the manned segment is expected to lead the electric ship market from 2021 to 2030.

Based on the mode of operation, the electric ship market is segmented into manned, remotely operated, and autonomous. The growth of the manned segment can be attributed to the high demand for electric and hybrid propulsion systems by commercial ships, including cruise ships, ferries, cargo ships, and container ships, among others. There is a large retrofit market potential for manned cargo vessels, as almost all cargo vessels currently operate with a crew.

Electric Ships Market by Region

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Electric Ships Market by Region

Based on region, the electric ship market in Europe is projected to grow the highest CAGR during the forecast period, from USD 3,358 Million in 2021 to USD 11,922 Million in 2030 due to the increase in demand for electric ships for fully electric passenger vessels, tugs, yachts, and cruise vessels, among others. Countries such as Norway, Finland, and Denmark have actively started replacing conventional passenger ferries with fully electric passenger ferries. Major developments in autonomous electric vessels that use fuel cells and remotely controlled electric vessels are also driving the market in Europe to grow.

Key Market Players

The major players in the electric ship market are Kongsberg (Norway), ABB (Switzerland), Wartsila (Finland), Norwegian Electric Systems AS (Norway), Corvus Energy (Canada), General Dynamics Electric Boat (US), MAN Energy Solutions SE (Germany) Vard (Norway), Siemens (Germany), and Leclanchι SA (Switzerland), among others. These players have adopted various growth strategies such as contracts, acquisitions, expansions, new product launches, and partnerships & agreements to expand their presence in the electric ships market further.

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Scope of the Report

Report Metric

Details

Market size available for years

2017–2030

Base year considered

2020

Forecast period

2021-2030

Forecast units

Value (USD Billion)

Segments covered

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

Geographies covered

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

Companies covered

Siemens AG (Germany), ABB (Switzerland), Wartsila (Norway), General Electric Company (US), and Vard (Finacntieri) (Norway)

The study categorizes the electric ship market based on type, system, mode of operation, ship type, power, range, tonnage, end use, and region

By Type

  • Fully Electric
  • Hybrid

By System

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

By Mode of Operation

  • Manned
  • Remotely Operated
  • Autonomous

By Ship Type

  • Commercial
  • Defense

By Power

  • <75KW
  • 75-150KW
  • 151-745KW
  • 746-7,560KW
  • >7,560KW

By Range

  • <50Km
  • 50-100Km
  • 101-1000Km
  • >1,000Km

By Tonnage

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

By End Use

  • New Build and Line fit
  • Retrofit

By Region

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

Recent Developments

  • In September 2019, Corvus Energy received a contract from AIDA Cruises (Germany) to supply a battery package for its cruise vessels. Under this contract, Corvus Energy will supply a 10MWh energy storage system for the AIDAperla ship by 2020. 
  • ABB won three contracts with Orange Marine, Global Mercy and Oceano for installation of their newly developed Azipod Electric Propulsion system in 2021.
  • In February 2021, Wδrtsilδ signed a strategic partnership agreement with SAACKE, a Germany based global supplier of marine firing plants for seagoing vessels, offshore plants and LNG tankers.
  • In November 2020, Wδrtsilδ won the contract to supply the engines and a range of its electric solutions for two new ferries under construction at the China Merchants Jinling Shipyard (Weihai) in China.
  • In February 2019, Corvus Energy received a contract from Norwegian Electric Systems (Norway) for the marine world’s largest battery package for the hybrid-powered vessel.
  • In October 2019, General Dynamics Electric Boat, a wholly-owned subsidiary of General Dynamics, received a contract from the US Navy worth USD 434 million to provide lead-yard support, development studies, and design efforts for Virginia-class submarines.
  • In August 2019, Vard received a contract from Yara to build an autonomous electric container vessel named, Yara Birkeland. The contract value is worth USD 29 million (NOK 250 million).
  • In December 2018, Siemens received a contract from AKOFS OFFSHORE (Norway) to upgrade its AKOFS Seafarer vessel with a Siemens BlueVault Energy Storage Solution.

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TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 58)
    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
           TABLE 1 USD EXCHANGE RATES, 2017–2019
    1.4 LIMITATIONS
    1.5 INCLUSIONS & EXCLUSIONS
    1.6 MARKET STAKEHOLDERS
    1.7 SUMMARY OF CHANGES

2 RESEARCH METHODOLOGY (Page No. - 63)
    2.1 INTRODUCTION
           FIGURE 1 REPORT PROCESS FLOW
           FIGURE 2 ELECTRIC SHIPS MARKET: RESEARCH DESIGN
           2.1.1 SECONDARY DATA
                    2.1.1.1 Key data from secondary sources
           2.1.2 PRIMARY DATA
                    2.1.2.1 Key data from primary sources
                    2.1.2.2 Breakdown of primaries
                               FIGURE 3 BREAKDOWN OF PRIMARY INTERVIEWS: BY COMPANY TYPE, DESIGNATION & REGION
    2.2 FACTOR ANALYSIS
           2.2.1 INTRODUCTION
           2.2.2 DEMAND-SIDE INDICATORS
                    2.2.2.1 Growing maritime tourism industry
           2.2.3 SUPPLY-SIDE ANALYSIS
                    2.2.3.1 Advanced batteries for electric ships
    2.3 MARKET DEFINITION & SCOPE
           2.3.1 SEGMENT DEFINITIONS
                    2.3.1.1 Electric ships market, by system
                    2.3.1.2 Electric ships market, by end-use
                    2.3.1.3 Electric ships market, by type
                    2.3.1.4 Electric ships market, by mode of operation
                    2.3.1.5 Electric ships market, by range (KM)
                    2.3.1.6 Electric ships market, by power (kW)
                    2.3.1.7 Electric ships market, by ship type
           2.3.2 KEY INDUSTRY INSIGHTS
                    TABLE 2 PRIMARIES INTERVIES DETAILS
    2.4 MARKET SIZE ESTIMATION & METHODOLOGY
           2.4.1 BOTTOM-UP APPROACH
                    2.4.1.1 Regional electric ship
                    2.4.1.2 Electric ships, by demand-side
                               FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
           2.4.2 TOP-DOWN APPROACH
                    FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
    2.5 PRICING ANALYSIS
    2.6 MARKET SIZING & FORECASTING
           TABLE 3 RESEARCH ASSUMPTIONS
    2.7 LIMITATIONS
           2.7.1 LIST OF SOURCES
                    TABLE 4 LIST OF PUBLICATION & ORDERBOOK OF SHIPYARD/COMPONENT SUPPLIER /REGULATORY PUBLICATION CONSIDERED FOR THE MARKET STUDY
                    TABLE 5 LIST OF MAGAZINES/PRESS RELEASES/NEWSLETTERS CONSIDERED FOR THE MARKET STUDY

3 EXECUTIVE SUMMARY (Page No. - 80)
    FIGURE 6 BY TYPE, FULLY ELECTRIC SEGMENT PROJECTED TO LEAD ELECTRIC SHIPS MARKET FROM 2021 TO 2030
    FIGURE 7 BY MODE OF OPERATION, MANNED SEGMENT PROJECTED TO DOMINATE ELECTRIC SHIPS MARKET FROM 2021 TO 2030
    FIGURE 8 BY END-USE, NEWBUILD & LINE FIT SEGMENT PROJECTED TO LEAD ELECTRIC SHIPS MARKET DURING FORECAST PERIOD
    FIGURE 9 BY SYSTEM, ENERGY STORAGE SYSTEMS SEGMENT PROJECTED TO LEAD ELECTRIC SHIPS MARKET DURING FORECAST PERIOD
    FIGURE 10 EUROPE IS ESTIMATED TO LEAD ELECTRIC SHIPS MARKET IN 2021

4 PREMIUM INSIGHTS (Page No. - 84)
    4.1 ATTRACTIVE OPPORTUNITIES IN ELECTRIC SHIPS MARKET, 2021–2030
    4.2 ELECTRIC SHIPS MARKET, BY SHIP TYPE
           FIGURE 11 FERRIES SUBSEGMENT WILL LEAD THE MARKET FROM 2025 ONWARD
    4.3 ELECTRIC SHIPS MARKET, BY END-USE
           FIGURE 12 NEW BUILD & LINEFIT WILL LEAD THE MARKET
    4.4 ELECTRIC SHIPS MARKET, BY POWER
           FIGURE 13 75-150 KW SEGMENT EXPECTED TO LEAD THE MARKET DURING FORECAST PERIOD
    4.5 ELECTRIC SHIPS MARKET, BY COUNTRY
           FIGURE 14 THE MARKET IN FINLAND PROJECTED TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD

5 MARKET OVERVIEW (Page No. - 87)
    5.1 INTRODUCTION
           5.1.1 ROADMAP OF MARINE ELECTRIFICATION
                    TABLE 6 MILESTONES OF THE IMPLEMENTATION PLAN FOR ELECTRIFICATION IN MARINE TRANSPORT (2025-2035-2050)
    5.2 MARKET DYNAMICS
                    FIGURE 15 ELECTRIC SHIPS MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES FOR
           5.2.1 DRIVERS
                    5.2.1.1 Implementation of sulfur 2020 regulation
                               TABLE 7 SULFUR CONTENT REGULATIONS IN BUNKER FUEL
                    5.2.1.2 Rise in adoption of hybrid and electric propulsion for retrofitting ships
                    5.2.1.3 Increase in seaborne trade across the globe
                               FIGURE 16 GLOBAL SEABORNE TRADE, BY QUANTITY TRADED, 2015–2019
                    5.2.1.4 Growing maritime tourism industry
                               FIGURE 17 INCREASE IN NUMBER OF CRUISE PASSENGERS IN EUROPE, 2015—2020
                               FIGURE 18 GLOBAL CRUISE INDUSTRY SHARE, BY REGION, 2021
                    5.2.1.5 Development of lithium-ion batteries
                               FIGURE 19 MOST COMMON LITHIUM-ION BATTERIES WITH KEY FEATURES
                               TABLE 8 CURRENT BATTERY CAPACITY AND REQUIREMENTS OF SHIPS
           5.2.2 RESTRAINTS
                    5.2.2.1 Long downtime in retrofitting ships
                    5.2.2.2 Limited range and capacity of fully electric ships
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Potential of high-powered batteries
                               FIGURE 20 RELATIVE FEASIBILITY OF DIFFERENT ENERGY STORAGE TECHNOLOGIES
                    5.2.3.2 Potential for battery charging via renewable sources of energy
                    5.2.3.3 Hybrid propulsion technology for large ships
           5.2.4 CHALLENGES
                    5.2.4.1 Inadequate charging infrastructure
                    5.2.4.2 COVID-19 impact
                    5.2.4.3 High initial capital expenditure
    5.3 COVID-19 IMPACT ON ELECTRIC SHIPS MARKET
    5.4 RANGE/SCENARIOS
           FIGURE 21 PESSIMISTIC, REALISTIC, AND OPTIMISTIC SCENARIOS OF ELECTRIC SHIPS MARKET WITH REGARDS TO COVID-19 PANDEMIC
    5.5 PRICING ANALYSIS
           TABLE 9 CASE1: CAPITAL EXPENDITURE, SAVINGS, AND PAYBACK
           TABLE 10 CASE 2: CAPITAL EXPENDITURE, SAVINGS, AND PAYBACK
           TABLE 11 CASE 3: CAPITAL EXPENDITURE, SAVINGS, AND PAYBACK
           FIGURE 22 PRICING ANALYSIS, BY SHIP TYPE, 2020
           TABLE 12 AVERAGE SELLING PRICE OF ELECTRIC SHIPPING HARDWARE (IN USD MILLION)
    5.6 SUPPLY CHAIN ANALYSIS
           FIGURE 23 VALUE CHAIN ANALYSIS: ELECTRIC SHIPS MARKET
    5.7 MARKET ECOSYSTEM MAP
           FIGURE 24 ECOSYSTEM MAP FOR ELECTRIC SHIPS MARKET
    5.8 TRENDS/DISRUPTIONS IMPACTING CUSTOMER’S BUSINESS
           5.8.1 REVENUE SHIFT AND NEW REVENUE POCKETS FOR ELECTRIC SHIPS MARKET
                    FIGURE 25 REVENUE SHIFT IN ELECTRIC SHIPS MARKET
    5.9 PORTER’S FIVE FORCES ANALYSIS
           FIGURE 26 PORTER’S FIVE FORCES ANALYSIS OF ELECTRIC SHIPS MARKET
           TABLE 13 PORTER’S FIVE FORCES ANALYSIS
           5.9.1 THREAT OF NEW ENTRANTS
           5.9.2 THREAT OF SUBSTITUTES
           5.9.3 BARGAINING POWERS OF SUPPLIERS
           5.9.4 BARGAINING POWERS OF BUYERS
           5.9.5 INTENSITY OF COMPETITIVE RIVALRY
    5.10 TRADE ANALYSIS: IMPORT/EXPORT DATA
           5.10.1 INTERNATIONAL MARITIME TRADE DATA, 2010-2019
                    FIGURE 27 DEVELOPMENT OF INTERNATIONAL MARITIME TRADE, (2010–2019)
           5.10.2 WORLD SEABORNE TRADE, 2015-2019
                    TABLE 14 WORLD SEABORNE TRADE, 2015-2019
           5.10.3 TARIFF AND REGULATORY LANDSCAPE
    5.11 CASE STUDIES
           5.11.1 AURIGA LEADER
           5.11.2 E SHIP 1
           5.11.3 YARA BIRKELAND
           5.11.4 CHANGJIANG SAN XIA 1
           5.11.5 ELLEN
           5.11.6 FUTURE OF THE FJORDS

6 ELECTRIC SHIPS MARKET, BY SHIP TYPE (Page No. - 110)
    6.1 INTRODUCTION
           FIGURE 28 COMMERCIAL SEGMENT PROJECTED TO DOMINATE ELECTRIC SHIPS MARKET DURING FORECAST PERIOD
           TABLE 15 ELECTRIC SHIPS MARKET SIZE,BY SHIP TYPE, 2017–2020 (USD MILLION)
           TABLE 16 ELECTRIC SHIPS MARKET SIZE, BY SHIP TYPE, 2021–2030 (USD MILLION)
    6.2 COMMERCIAL
           TABLE 17 COMMERCIAL ELECTRIC SHIPS MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION)
           TABLE 18 COMMERCIAL ELECTRIC SHIPS MARKET SIZE, BY TYPE, 2021–2030 (USD MILLION)
           6.2.1 PASSENGER VESSELS
                    TABLE 19 ELECTRIC PASSENGER VESSELS MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION)
                    TABLE 20 ELECTRIC PASSENGER VESSELS MARKET SIZE, BY TYPE, 2021–2030 (USD MILLION)
                    TABLE 21 ELECTRIC SHIPS MARKET, BY PASSENGER VESSEL, VOLUME, IN UNITS
                    TABLE 22 ELECTRIC SHIPS MARKET, BY CARGO VESSEL, VOLUME, IN UNITS
                    TABLE 23 ELECTRIC SHIPS MARKET, BY OTHER VESSEL, VOLUME, IN UNITS
                    6.2.1.1 Yachts
                               6.2.1.1.1 Fully electric yachts have the ability to use solar power to charge batteries
                    6.2.1.2 Ferries
                               6.2.1.2.1 Adoption of electric ferries is high in North America and Europe due to the changing environmental regulations
                    6.2.1.3 Cruise ships
                               6.2.1.3.1 Adoption of hybrid-electric propulsion technologies for cruise ships will increase in the coming years
                    6.2.1.4 Motorboats
                               6.2.1.4.1 Rising demand for electric motorboats in European region
           6.2.2 CARGO VESSELS
                    TABLE 24 ELECTRIC CARGO VESSELS MARKET, BY TYPE, 2017–2020 (USD MILLION)
                    TABLE 25 ELECTRIC CARGO VESSELS MARKET, BY TYPE, 2021–2030 (USD MILLION)
                    6.2.2.1 Container vessels
                               6.2.2.1.1 Container ships were the first to adopt a full electric setup due to their smaller size and distance traveled.
                    6.2.2.2 Bulk carriers
                               6.2.2.2.1 The demand for retrofitting existing bulk carriers is expected to increase in the coming years
                    6.2.2.3 Tankers
                               6.2.2.3.1 Japanese company designed a domestic fully electric shipping tanker using lithium-ion batteries.
                    6.2.2.4 General cargo ships
                               6.2.2.4.1 The potential of the retrofit market for general cargo ships is high
           6.2.3 OTHERS
                    TABLE 26 OTHER COMMERCIAL VESSELS MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION)
                    TABLE 27 OTHER COMMERCIAL VESSELS MARKET SIZE, BY TYPE, 2021–2030 (USD MILLION)
                    6.2.3.1 Fishing vessels
                               6.2.3.1.1 Rising adoption of electric propulsion in fishing vessel
                    6.2.3.2 Dredgers
                               6.2.3.2.1 Dredgers have been using a diesel-electric propulsion system
                    6.2.3.3 Tugs & workboats
                               6.2.3.3.1 Tugs & workboats account for a major share of the world’s ships fleet
                    6.2.3.4 Research vessels
                               6.2.3.4.1 Market for retrofitting research vessels is larger than that for newbuilds at present
                    6.2.3.5 Submarines
                               6.2.3.5.1 Fully electric submarines are useful for underwater exploration as there is minimal vibration from the motor
    6.3 DEFENSE
           TABLE 28 DEFENSE ELECTRIC SHIPS MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION)
           TABLE 29 DEFENSE ELECTRIC SHIPS MARKET SIZE, BY TYPE, 2021–2030 (USD MILLION)
           6.3.1 DESTROYERS
                    6.3.1.1 Defense forces of countries like the US, the UK, and India are focusing on integrating electric propulsive destroyers to their fleet
           6.3.2 FRIGATES
                    6.3.2.1 Electric and hybrid propulsion has been used in frigates either directly or along with a diesel engine
           6.3.3 CORVETTES
                    6.3.3.1 South Korea ordered corvettes with all-electric propulsion
           6.3.4 OFFSHORE SUPPORT VESSELS (OSV)
                    6.3.4.1 The adoption of hybrid propulsion technology for offshore support vessels is estimated to increase during the forecast period
           6.3.5 AIRCRAFT CARRIERS
                    6.3.5.1 Indian Navy, there is a possibility of using an aircraft carrier with hybrid propulsion
           6.3.6 SUBMARINES
                    6.3.6.1 US, France, and India are currently using or developing electric propulsion systems

7 ELECTRIC SHIPS MARKET, BY TYPE (Page No. - 122)
    7.1 INTRODUCTION
           FIGURE 29 FULLY ELECTRIC SEGMENT EXPECTED TO GROW AT HIGHER CAGR DURING FORECAST PERIOD
           TABLE 30 ELECTRIC SHIPS MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION)
           TABLE 31 ELECTRIC SHIPS MARKET SIZE, BY TYPE, 2021–2030 (USD MILLION)
           TABLE 32 CRUISE SHIPS MARKET, BY POWER SOURCE, VOLUME, IN UNITS
           TABLE 33 YACHTS MARKET, BY POWER SOURCE, VOLUME, IN UNITS
           TABLE 34 FERRY MARKET, BY POWER SOURCE, VOLUME, IN UNITS
           TABLE 35 OMMERCIAL SHIPS, BY POWER SOURCE, VOLUME, IN UNITS
    7.2 FULLY ELECTRIC
           TABLE 36 GLOBAL ELECTRIC SHIPS PROJECTS
           TABLE 37 LIST OF FULLY ELECTRIC SHIPS
           FIGURE 30 LIST OF FULLY ELECTRIC SHIPS, BY COUNTRY, 2019
           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 marine sector
           7.2.3 ELECTRO-SOLAR
                    7.2.3.1 Electro-solar technology involves 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
                               TABLE 38 ONGOING FUEL CELL PROJECTS IN SHIPPING INDUSTRY
    7.3 HYBRID
           FIGURE 31 EXPERT VIEWS ON HYBRID TECHNOLOGY
           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 engines use electric propulsion motors to power ships

8 ELECTRIC SHIPS MARKET, BY SYSTEM (Page No. - 131)
    8.1 INTRODUCTION
           FIGURE 32 POWER CONVERSION SEGMENT PROJECTED TO GROW AT THE HIGHEST CAGR DURING FORECAST PERIOD
           TABLE 39 ELECTRIC SHIPS MARKET SIZE, BY SYSTEM, 2017–2020 (USD MILLION)
           TABLE 40 ELECTRIC SHIPS MARKET SIZE, BY SYSTEM, 2021–2030 (USD MILLION)
    8.2 ENERGY STORAGE SYSTEMS
           FIGURE 33 TYPES OF ENERGY STORAGE SYSTEMS
           FIGURE 34 FLYWHEEL, SMES, AND ULTRA-CAPACITORS ARE HIGHLY EFFICIENT MATERIALS TO BE USED IN THE SHIPPING INDUSTRY
           TABLE 41 COMPARISON BETWEEN PRINCIPLE ENERGY STORAGE SYSTEMS (ESS)
           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
           TABLE 42 ELECTRIC PROPULSION SHIP (8,444G/T, CEMENT CARRYING VESSEL) AND EXISTING SHIP: COMPARISON
           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 END-USE (Page No. - 139)
    9.1 INTRODUCTION
           FIGURE 35 NEWBUILD & LINE FIT SEGMENT EXPECTED TO LEAD MARKET DURING FORECAST PERIOD
           TABLE 43 ELECTRIC SHIPS MARKET SIZE, BY END-USE, 2017–2020 (USD MILLION)
           TABLE 44 ELECTRIC SHIPS MARKET SIZE, BY END-USE, 2021–2030 (USD MILLION)
    9.2 NEWBUILD & LINE FIT
           9.2.1 HIGH DEMAND FOR FULLY ELECTRIC FERRIES IN EUROPE IS EXPECTED TO DRIVE THE MARKET
    9.3 RETROFIT
           9.3.1 SHIPOWNERS UPDATE OR RETROFIT EQUIPMENT INSTALLED ON EXISTING VESSELS TO INCREASE THEIR EFFICIENCY AND EXTEND THEIR DURABILITY

10 ELECTRIC SHIPS MARKET, BY MODE OF OPERATION (Page No. - 143)
     10.1 INTRODUCTION
               FIGURE 36 ELECTRIC SHIPS MARKET, BY MODE OF OPERATION, 2021 & 2030 (USD MILLION)
               TABLE 45 ELECTRIC SHIPS MARKET SIZE, BY MODE OF OPERATION, 2017–2020 (USD MILLION)
               TABLE 46 ELECTRIC SHIPS MARKET SIZE, BY MODE OF OPERATION, 2021–2030 (USD MILLION)
     10.2 MANNED
             10.2.1 RETROFITTING DIESEL-DRIVEN SHIPS WITH ELECTRIC AND HYBRID PROPULSION WILL DRIVE THIS SEGMENT
     10.3 REMOTELY-OPERATED
             10.3.1 INCREASING INVESTMENTS IN REMOTELY-OPERATED SHIPS WILL DRIVE THE MARKET
     10.4 AUTONOMOUS
             10.4.1 INCREASING INVESTMENTS IS DRIVING THE MARKET FOR AUTONOMOUS ELECTRIC SHIPS
                       FIGURE 37 VIEWS ON AUTONOMY IN ELECTRIC SHIPS BY INDUSTRY EXPERTS

11 ELECTRIC SHIPS MARKET, BY RANGE (Page No. - 147)
     11.1 INTRODUCTION
               FIGURE 38 50-100 KM SEGMENT PROJECTED TO GROW AT THE HIGHEST CAGR DURING FORECAST PERIOD
               TABLE 47 ELECTRIC SHIPS MARKET SIZE, BY RANGE, 2017–2020 (USD MILLION)
               TABLE 48 ELECTRIC SHIPS MARKET SIZE, BY RANGE, 2021–2030 (USD MILLION)
     11.2 <50 KM
             11.2.1 ADOPTION OF FULLY ELECTRIC PASSENGER FERRIES AND TUGS EXPECTED TO DRIVE THIS SEGMENT
     11.3 50–100 KM
             11.3.1 DEMAND FOR FULLY ELECTRIC INLAND CONTAINER SHIPS WILL DRIVE THE MARKET
     11.4 100–1,000 KM
             11.4.1 INCREASED DEMAND FOR RETROFITTING CARGO VESSELS FUEL THIS SEGMENT
     11.5 >1,000 KM
             11.5.1 INCREASING DEMAND FOR LONG-DISTANCE CARGO VESSELS WILL DRIVE THE MARKET

12 ELECTRIC SHIPS MARKET, BY POWER (Page No. - 151)
     12.1 INTRODUCTION
               FIGURE 39 75-150 KW SEGMENT PROJECTED TO DOMINATE ELECTRIC SHIPS MARKET DURING FORECAST PERIOD
               TABLE 49 ELECTRIC SHIPS MARKET SIZE, BY POWER, 2017–2020 (USD MILLION)
               TABLE 50 ELECTRIC SHIPS MARKET SIZE, BY POWER, 2021–2030 (USD MILLION)
     12.2 <75 KW
             12.2.1 DEMAND FOR FULLY ELECTRIC YACHTS IN THE EUROPEAN REGION TO DRIVE THE MARKET
     12.3 75–150 KW
             12.3.1 USE OF FULLY ELECTRIC FERRIES FOR TRANSPORT WILL DRIVE THE MARKET
     12.4 150–745 KW
             12.4.1 CARGO VESSELS WITH A POWER RANGE FROM 151–745 KW IS EXPECTED TO BE A LARGE RETROFIT MARKET IN THE COMING YEARS
     12.5 746–7,560 KW
             12.5.1 INCREASED INVESTMENT IN HYBRID-ELECTRIC PROPULSION SYSTEMS DRIVE THE MARKET
     12.6 >7,560 KW
             12.6.1 ADOPTION OF HYBRID-ELECTRIC PROPULSION SYSTEMS IS CHALLENGING TO BE INCORPORATED IN SHIPS WITH HIGH POWER CAPACITY

13 ELECTRIC SHIPS MARKET, BY TONNAGE (Page No. - 155)
     13.1 INTRODUCTION
               FIGURE 40 <500 DWT SEGMENT PROJECTED TO DOMINATE ELECTRIC SHIPS MARKET DURING FORECAST PERIOD
               TABLE 51 ELECTRIC SHIPS MARKET SIZE, BY TONNAGE, 2017–2020 (USD MILLION)
               TABLE 52 ELECTRIC SHIPS MARKET SIZE, BY TONNAGE, 2021–2030 (USD MILLION)
     13.2 <500 DWT
             13.2.1 RISE IN DEMAND FOR PUBLIC TRANSPORT VESSELS WILL DRIVE THE MARKET
     13.3 500-5,000 DWT
             13.3.1 INCREASING MARINE TRADE FOR VARIOUS INDUSTRIES WILL DRIVE THE MARKET
     13.4 5,001-15,000 DWT
             13.4.1 INCREASING CROSS COUNTRY TRADE ALONG WITH INCREASING DEMAND FOR CARGO VESSELS WILL DRIVE THE DEMAND
     13.5 >15,000 DWT
             13.5.1 RISING DEFENSE MARINE INDUSTRY WILL DRIVE THE MARKET

14 REGIONAL ANALYSIS (Page No. - 159)
     14.1 INTRODUCTION
               FIGURE 41 EUROPE ESTIMATED TO HOLD LARGEST SHARE OF ELECTRIC SHIPS MARKET IN 2021
               TABLE 53 DEMAND SIDE: ELECTRIC SHIPS MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
               TABLE 54 DEMAND SIDE: ELECTRIC SHIPS MARKET SIZE, BY REGION, 2021–2030 (USD MILLION)
               TABLE 55 SUPPLY SIDE: ELECTRIC SHIPS MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
               TABLE 56 SUPPLY SIDE: ELECTRIC SHIPS MARKET SIZE, BY REGION, 2021–2030 (USD MILLION)
     14.2 NORTH AMERICA
             14.2.1 PESTLE ANALYSIS: NORTH AMERICA
                       FIGURE 42 NORTH AMERICA ELECTRIC SHIPS MARKET SNAPSHOT
             14.2.2 BY SUPPLY SIDE
                       TABLE 57 NORTH AMERICA: ELECTRIC SHIPS MARKET SIZE, BY COUNTRY, 2017–2020 (USD MILLION)
                       TABLE 58 NORTH AMERICA: ELECTRIC SHIPS MARKET SIZE, BY COUNTRY, 2021–2030 (USD MILLION)
                       TABLE 59 NORTH AMERICA: ELECTRIC SHIPS MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION)
                       TABLE 60 NORTH AMERICA: ELECTRIC SHIPS MARKET SIZE, BY TYPE, 2021–2030 (USD MILLION)
                       TABLE 61 NORTH AMERICA: FULLY ELECTRIC SHIPS MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION)
                       TABLE 62 NORTH AMERICA: FULLY ELECTRIC SHIPS MARKET SIZE, BY TYPE, 2021–2030 (USD MILLION)
                       TABLE 63 NORTH AMERICA: HYBRID ELECTRIC SHIPS MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION)
                       TABLE 64 NORTH AMERICA: HYBRID ELECTRIC SHIPS MARKET SIZE, BY TYPE, 2021–2030 (USD MILLION)
                       TABLE 65 NORTH AMERICA: ELECTRIC SHIPS MARKET SIZE, BY SHIP TYPE, 2017–2020 (USD MILLION)
                       TABLE 66 NORTH AMERICA: ELECTRIC SHIPS MARKET SIZE, BY SHIP TYPE, 2021–2030 (USD MILLION)
                       TABLE 67 NORTH AMERICA: ELECTRIC COMMERCIAL SHIPS MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION)
                       TABLE 68 NORTH AMERICA: COMMERCIAL ELECTRIC SHIPS MARKET SIZE, BY TYPE, 2021–2030 (USD MILLION)
                       TABLE 69 NORTH AMERICA: ELECTRIC PASSENGER VESSELS MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION)
                       TABLE 70 NORTH AMERICA: ELECTRIC PASSENGER VESSELS MARKET SIZE, BY TYPE, 2021–2030 (USD MILLION)
                       TABLE 71 NORTH AMERICA: ELECTRIC CARGO VESSELS MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION)
                       TABLE 72 NORTH AMERICA: ELECTRIC CARGO VESSELS MARKET SIZE, BY TYPE, 2021–2030 (USD MILLION)
                       TABLE 73 NORTH AMERICA: OTHER COMMERCIAL VESSELS MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION)
                       TABLE 74 NORTH AMERICA: OTHER COMMERCIAL VESSELS MARKET SIZE, BY TYPE, 2021–2030 (USD MILLION)
                       TABLE 75 NORTH AMERICA: ELECTRIC SHIPS MARKET SIZE, BY MODE OF OPERATION, 2017–2020 (USD MILLION)
                       TABLE 76 NORTH AMERICA: ELECTRIC SHIPS MARKET SIZE, BY MODE OF OPERATION, 2021–2030 (USD MILLION)
                       TABLE 77 NORTH AMERICA: ELECTRIC SHIPS MARKET SIZE, BY END-USE, 2017–2020 (USD MILLION)
                       TABLE 78 NORTH AMERICA: ELECTRIC SHIPS MARKET SIZE, BY END-USE, 2021–2030 (USD MILLION)
                       TABLE 79 NORTH AMERICA: ELECTRIC SHIPS MARKET SIZE, BY RANGE, 2017–2020 (USD MILLION)
                       TABLE 80 NORTH AMERICA: ELECTRIC SHIPS MARKET SIZE, BY RANGE, 2021–2030 (USD MILLION)
                       TABLE 81 NORTH AMERICA: ELECTRIC SHIPS MARKET SIZE, BY POWER, 2017–2020 (USD MILLION)
                       TABLE 82 NORTH AMERICA: ELECTRIC SHIPS MARKET SIZE, BY POWER, 2021–2030 (USD MILLION)
             14.2.3 BY DEMAND SIDE
                       TABLE 83 NORTH AMERICA: ELECTRIC SHIPS MARKET SIZE, BY COUNTRY, 2017–2020 (USD MILLION)
                       TABLE 84 NORTH AMERICA: ELECTRIC SHIPS MARKET SIZE, BY COUNTRY, 2021–2030 (USD MILLION)
                       TABLE 85 NORTH AMERICA: ELECTRIC SHIPS MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION)
                       TABLE 86 NORTH AMERICA: ELECTRIC SHIPS MARKET SIZE, BY TYPE, 2021–2030 (USD MILLION)
                       TABLE 87 NORTH AMERICA: FULLY ELECTRIC SHIPS MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION)
                       TABLE 88 NORTH AMERICA: FULLY ELECTRIC SHIPS MARKET SIZE, BY TYPE, 2021–2030 (USD MILLION)
                       TABLE 89 NORTH AMERICA: HYBRID ELECTRIC SHIPS MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION)
                       TABLE 90 NORTH AMERICA: HYBRID ELECTRIC SHIPS MARKET SIZE, BY TYPE, 2021–2030 (USD MILLION)
                       TABLE 91 NORTH AMERICA: ELECTRIC SHIPS MARKET SIZE, SHIP TYPE, 2017–2020 (USD MILLION)
                       TABLE 92 NORTH AMERICA: ELECTRIC SHIPS MARKET SIZE, SHIP TYPE, 2021–2030 (USD MILLION)
                       TABLE 93 NORTH AMERICA: COMMERCIAL ELECTRIC SHIPS MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION)
                       TABLE 94 NORTH AMERICA: COMMERCIAL ELECTRIC SHIPS MARKET SIZE, BY TYPE, 2021–2030 (USD MILLION)
                       TABLE 95 NORTH AMERICA: ELECTRIC PASSENGER VESSELS MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION)
                       TABLE 96 NORTH AMERICA: ELECTRIC PASSENGER VESSELS MARKET SIZE, BY TYPE, 2021–2030 (USD MILLION)
                       TABLE 97 NORTH AMERICA: ELECTRIC CARGO VESSELS MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION)
                       TABLE 98 NORTH AMERICA: ELECTRIC CARGO VESSELS MARKET SIZE, BY TYPE, 2021–2030 (USD MILLION)
                       TABLE 99 NORTH AMERICA: OTHER COMMERCIAL VESSELS MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION)
                       TABLE 100 NORTH AMERICA: OTHER COMMERCIAL VESSELS MARKET SIZE, BY TYPE, 2021–2030 (USD MILLION)
                       TABLE 101 NORTH AMERICA: ELECTRIC SHIPS MARKET SIZE, BY MODE OF OPERATION, 2017–2020 (USD MILLION)
                       TABLE 102 NORTH AMERICA: ELECTRIC SHIPS MARKET SIZE, BY MODE OF OPERATION, 2021–2030 (USD MILLION)
                       TABLE 103 NORTH AMERICA: ELECTRIC SHIPS MARKET SIZE, BY END-USE, 2017–2020 (USD MILLION)
                       TABLE 104 NORTH AMERICA: ELECTRIC SHIPS MARKET SIZE, BY END-USE, 2021–2030 (USD MILLION)
                       TABLE 105 NORTH AMERICA: ELECTRIC SHIPS MARKET SIZE, BY RANGE, 2017–2020 (USD MILLION)
                       TABLE 106 NORTH AMERICA: ELECTRIC SHIPS MARKET SIZE, BY RANGE, 2021–2030 (USD MILLION)
                       TABLE 107 NORTH AMERICA: ELECTRIC SHIPS MARKET SIZE, BY POWER, 2017–2020 (USD MILLION)
                       TABLE 108 NORTH AMERICA: ELECTRIC SHIPS MARKET SIZE, BY POWER, 2021–2030 (USD MILLION)
             14.2.4 US
                       14.2.4.1 Increasing demand for luxury sailing will raise the adoption of electric boats
                       14.2.4.2 By supply side
                                   TABLE 109 US: ELECTRIC SHIPS MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION)
                                   TABLE 110 US: ELECTRIC SHIPS MARKET SIZE, BY TYPE, 2021–2030 (USD MILLION)
                                   TABLE 111 US: ELECTRIC SHIPS MARKET SIZE, BY SHIP TYPE, 2017–2020 (USD MILLION)
                                   TABLE 112 US: ELECTRIC SHIPS MARKET SIZE, BY SHIP TYPE, 2021–2030 (USD MILLION)
                                   TABLE 113 US: ELECTRIC SHIPS MARKET SIZE, BY END-USE, 2017–2020 (USD MILLION)
                                   TABLE 114 US: ELECTRIC SHIPS MARKET SIZE, BY END-USE, 2021–2030 (USD MILLION)
                       14.2.4.3 By demand side
                                   TABLE 115 US: ELECTRIC SHIPS MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION)
                                   TABLE 116 US: ELECTRIC SHIPS MARKET SIZE, BY TYPE, 2021–2030 (USD MILLION)
                                   TABLE 117 US: ELECTRIC SHIPS MARKET SIZE, BY SHIP TYPE, 2017–2020 (USD MILLION)
                                   TABLE 118 US: ELECTRIC SHIPS MARKET SIZE, BY SHIP TYPE, 2021–2030 (USD MILLION)
                                   TABLE 119 US: ELECTRIC SHIPS MARKET SIZE, BY END-USE, 2017–2020 (USD MILLION)
                                   TABLE 120 US: ELECTRIC SHIPS MARKET SIZE, BY END-USE, 2021–2030 (USD MILLION)
             14.2.5 CANADA
                       14.2.5.1 Strategic decision of the government to develop its indigenous marine industry expected to fuel the market
                       14.2.5.2 By supply side
                                   TABLE 121 CANADA: ELECTRIC SHIPS MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION)
                                   TABLE 122 CANADA: ELECTRIC SHIPS MARKET SIZE, BY TYPE, 2021–2030 (USD MILLION)
                                   TABLE 123 CANADA: ELECTRIC SHIPS MARKET SIZE, BY SHIP TYPE, 2017–2020 (USD MILLION)
                                   TABLE 124 CANADA: ELECTRIC SHIPS MARKET SIZE, BY SHIP TYPE, 2021–2030 (USD MILLION)
                                   TABLE 125 CANADA: ELECTRIC SHIPS MARKET SIZE, BY END-USE, 2017–2020 (USD MILLION)
                                   TABLE 126 CANADA: ELECTRIC SHIPS MARKET SIZE, BY END-USE, 2021–2030 (USD MILLION)
                       14.2.5.3 By demand side
                                   TABLE 127 CANADA: ELECTRIC SHIPS MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION)
                                   TABLE 128 CANADA: ELECTRIC SHIPS MARKET SIZE, BY TYPE, 2021–2030 (USD MILLION)
                                   TABLE 129 CANADA: ELECTRIC SHIPS MARKET SIZE, SHIP TYPE, 2017–2020 (USD MILLION)
                                   TABLE 130 CANADA: ELECTRIC SHIPS MARKET SIZE, SHIP TYPE, 2021–2030 (USD MILLION)
                                   TABLE 131 CANADA: ELECTRIC SHIPS MARKET SIZE, BY END-USE, 2017–2020 (USD MILLION)
                                   TABLE 132 CANADA: ELECTRIC SHIPS MARKET SIZE, BY END-USE, 2021–2030 (USD MILLION)
     14.3 EUROPE
             14.3.1 PESTLE ANALYSIS: EUROPE
                       FIGURE 43 EUROPE ELECTRIC SHIPS MARKET SNAPSHOT
             14.3.2 BY SUPPLY SIDE
                       TABLE 133 EUROPE: ELECTRIC SHIPS MARKET SIZE, BY COUNTRY, 2017–2020 (USD MILLION)
                       TABLE 134 EUROPE: ELECTRIC SHIPS MARKET SIZE, BY COUNTRY, 2021–2030 (USD MILLION)
                       TABLE 135 EUROPE: ELECTRIC SHIPS MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION)
                       TABLE 136 EUROPE: ELECTRIC SHIPS MARKET SIZE, BY TYPE, 2021–2030 (USD MILLION)
                       TABLE 137 EUROPE: FULLY ELECTRIC SHIPS MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION)
                       TABLE 138 EUROPE: ELECTRIC SHIPS MARKET SIZE, BY TYPE, 2021–2030 (USD MILLION)
                       TABLE 139 EUROPE: HYBRID ELECTRIC SHIPS MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION)
                       TABLE 140 EUROPE: HYBRID ELECTRIC SHIPS MARKET SIZE, BY TYPE, 2021–2030 (USD MILLION)
                       TABLE 141 EUROPE: ELECTRIC SHIPS MARKET SIZE, BY SHIP TYPE, 2017–2020 (USD MILLION)
                       TABLE 142 EUROPE: ELECTRIC SHIPS MARKET SIZE, BY SHIP TYPE, 2021–2030 (USD MILLION)
                       TABLE 143 EUROPE: ELECTRIC COMMERCIAL SHIPS MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION)
                       TABLE 144 EUROPE: COMMERCIAL ELECTRIC SHIPS MARKET SIZE, TYPE, 2021–2030 (USD MILLION)
                       TABLE 145 EUROPE: ELECTRIC PASSENGER VESSELS MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION)
                       TABLE 146 EUROPE: ELECTRIC PASSENGER VESSELS MARKET SIZE, BY TYPE, 2021–2030 (USD MILLION)
                       TABLE 147 EUROPE: ELECTRIC CARGO VESSELS MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION)
                       TABLE 148 EUROPE: ELECTRIC CARGO VESSELS MARKET SIZE, BY TYPE, 2021–2030 (USD MILLION)
                       TABLE 149 EUROPE: OTHER COMMERCIAL VESSELS MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION)
                       TABLE 150 EUROPE: OTHER COMMERCIAL VESSELS MARKET SIZE, BY TYPE, 2021–2030 (USD MILLION)
                       TABLE 151 EUROPE: ELECTRIC SHIPS MARKET SIZE, BY MODE OF OPERATION, 2017–2020 (USD MILLION)
                       TABLE 152 EUROPE: ELECTRIC SHIPS MARKET SIZE, BY MODE OF OPERATION, 2021–2030 (USD MILLION)
                       TABLE 153 EUROPE: ELECTRIC SHIPS MARKET SIZE, BY END-USE, 2017–2020 (USD MILLION)
                       TABLE 154 EUROPE: ELECTRIC SHIPS MARKET SIZE, BY END-USE, 2021–2030 (USD MILLION)
                       TABLE 155 EUROPE: ELECTRIC SHIPS MARKET SIZE, BY RANGE, 2017–2020 (USD MILLION)
                       TABLE 156 EUROPE: ELECTRIC SHIPS MARKET SIZE, BY RANGE, 2021–2030 (USD MILLION)
                       TABLE 157 EUROPE: ELECTRIC SHIPS MARKET SIZE, BY RANGE, 2017–2020 (USD MILLION)
                       TABLE 158 EUROPE: ELECTRIC SHIPS MARKET SIZE, BY RANGE, 2021–2030 (USD MILLION)
             14.3.3 BY DEMAND SIDE
                       TABLE 160 EUROPE: ELECTRIC SHIPS MARKET SIZE, BY COUNTRY, 2021–2030 (USD MILLION)
                       TABLE 161 EUROPE: ELECTRIC SHIPS MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION)
                       TABLE 162 EUROPE: ELECTRIC SHIPS MARKET SIZE, BY TYPE, 2021–2030 (USD MILLION)
                       TABLE 163 EUROPE: FULLY ELECTRIC SHIPS MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION)
                       TABLE 164 EUROPE: FULLY ELECTRIC SHIPS MARKET SIZE, BY TYPE, 2021–2030 (USD MILLION)
                       TABLE 165 EUROPE: HYBRID ELECTRIC SHIPS MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION)
                       TABLE 166 EUROPE: HYBRID ELECTRIC SHIPS MARKET SIZE, BY TYPE, 2021–2030 (USD MILLION)
                       TABLE 167 EUROPE: ELECTRIC SHIPS MARKET SIZE, BY SHIP TYPE, 2017–2020 (USD MILLION)
                       TABLE 168 EUROPE: ELECTRIC SHIPS MARKET SIZE, BY SHIP TYPE, 2021–2030 (USD MILLION)
                       TABLE 169 EUROPE: COMMERCIAL ELECTRIC SHIPS MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION)
                       TABLE 170 EUROPE: COMMERCIAL ELECTRIC SHIPS MARKET SIZE, BY TYPE, 2021–2030 (USD MILLION)
                       TABLE 171 EUROPE: ELECTRIC PASSENGER VESSELS MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION)
                       TABLE 172 EUROPE: ELECTRIC PASSENGER VESSELS MARKET SIZE, BY TYPE, 2021–2030 (USD MILLION)
                       TABLE 173 EUROPE: ELECTRIC CARGO VESSELS MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION)
                       TABLE 174 EUROPE: ELECTRIC CARGO VESSELS MARKET SIZE, BY TYPE, 2021–2030 (USD MILLION)
                       TABLE 175 EUROPE: OTHER COMMERCIAL VESSELS MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION)
                       TABLE 176 EUROPE: OTHER COMMERCIAL VESSELS MARKET SIZE, BY TYPE, 2021–2030 (USD MILLION)
                       TABLE 177 EUROPE: ELECTRIC SHIPS MARKET SIZE, BY MODE OF OPERATION, 2017–2020 (USD MILLION)
                       TABLE 178 EUROPE: ELECTRIC SHIPS MARKET SIZE, BY MODE OF OPERATION, 2021–2030 (USD MILLION)
                       TABLE 179 EUROPE: ELECTRIC SHIPS MARKET SIZE, BY END-USE, 2017–2020 (USD MILLION)
                       TABLE 180 EUROPE: ELECTRIC SHIPS MARKET SIZE, BY END-USE, 2021–2030 (USD MILLION)
                       TABLE 181 EUROPE: ELECTRIC SHIPS MARKET SIZE, BY RANGE, 2017–2020 (USD MILLION)
                       TABLE 182 EUROPE: ELECTRIC SHIPS MARKET SIZE, BY RANGE, 2021–2030 (USD MILLION)
                       TABLE 183 EUROPE: ELECTRIC SHIPS MARKET SIZE, BY POWER, 2017–2020 (USD MILLION)
                       TABLE 184 EUROPE: ELECTRIC SHIPS MARKET SIZE, BY RANGE, 2021–2030 (USD MILLION)
             14.3.4 NORWAY
                       14.3.4.1 Implementation of the IMO rule is a major factor driving the adoption of hybrid or electric driven propulsion in Norway
                                   FIGURE 44 CO2 EMISSIONS FROM DOMESTIC SHIPPING IN NORWAY
                       14.3.4.2 By demand side
                                   TABLE 185 NORWAY: ELECTRIC SHIPS MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION)
                                   TABLE 186 NORWAY: ELECTRIC SHIPS MARKET SIZE, BY TYPE, 2021–2030 (USD MILLION)
                                   TABLE 187 NORWAY: ELECTRIC SHIPS MARKET SIZE, BY SHIP TYPE, 2017–2020 (USD MILLION)
                                   TABLE 188 NORWAY: ELECTRIC SHIPS MARKET SIZE, BY SHIP TYPE, 2021–2030 (USD MILLION)
                                   TABLE 189 NORWAY: ELECTRIC SHIPS MARKET SIZE, BY END-USE, 2017–2020 (USD MILLION)
                                   TABLE 190 NORWAY: ELECTRIC SHIPS MARKET SIZE, BY END-USE, 2021–2030 (USD MILLION)
                       14.3.4.3 By supply side
                                   TABLE 191 NORWAY: ELECTRIC SHIPS MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION)
                                   TABLE 192 NORWAY: ELECTRIC SHIPS MARKET SIZE, BY TYPE, 2021–2030 (USD MILLION)
                                   TABLE 193 NORWAY: ELECTRIC SHIPS MARKET SIZE, SHIP TYPE, 2017–2020 (USD MILLION)
                                   TABLE 194 NORWAY: ELECTRIC SHIPS MARKET SIZE, SHIP TYPE, 2021–2030 (USD MILLION)
                                   TABLE 195 NORWAY: ELECTRIC SHIPS MARKET SIZE, BY END-USE, 2017–2020 (USD MILLION)
                                   TABLE 196 NORWAY: ELECTRIC SHIPS MARKET SIZE, BY END-USE, 2021–2030 (USD MILLION)
             14.3.5 GREECE
                       14.3.5.1 Stringent IMO 2020 rule is driving the demand for electric ships in Greece
                       14.3.5.2 By supply side
                                   TABLE 197 GREECE: ELECTRIC SHIPS MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION)
                                   TABLE 198 GREECE: ELECTRIC SHIPS MARKET SIZE, BY TYPE, 2021–2030 (USD MILLION)
                                   TABLE 199 GREECE: ELECTRIC SHIPS MARKET SIZE, BY SHIP TYPE, 2017–2020 (USD MILLION)
                                   TABLE 200 GREECE: ELECTRIC SHIPS MARKET SIZE, BY SHIP TYPE, 2021–2030 (USD MILLION)
                                   TABLE 201 GREECE: ELECTRIC SHIPS MARKET SIZE, BY END-USE, 2017–2020 (USD MILLION)
                                   TABLE 202 GREECE: ELECTRIC SHIPS MARKET SIZE, BY END-USE, 2021–2030 (USD MILLION)
                       14.3.5.3 By demand side
                                   TABLE 203 GREECE: ELECTRIC SHIPS MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION)
                                   TABLE 204 GREECE: ELECTRIC SHIPS MARKET SIZE, BY TYPE,  2021–2030 (USD MILLION)
                                   TABLE 205 GREECE: ELECTRIC SHIPS MARKET SIZE, BY SHIP TYPE, 2017–2020 (USD MILLION)
                                   TABLE 206 GREECE: ELECTRIC SHIPS MARKET SIZE, BY SHIP TYPE, 2021–2030 (USD MILLION)
                                   TABLE 207 GREECE: ELECTRIC SHIPS MARKET SIZE, BY END-USE, 2017–2020 (USD MILLION)
                                   TABLE 208 GREECE: ELECTRIC SHIPS MARKET SIZE, BY END-USE, 2021–2030 (USD MILLION)
             14.3.6 NETHERLANDS
                       14.3.6.1 Push toward using zero-emission ships are driving the electric ships market in the Netherlands
                       14.3.6.2 By Demand side
                                   TABLE 209 NETHERLANDS: ELECTRIC SHIPS MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION)
                                   TABLE 210 NETHERLANDS: ELECTRIC SHIPS MARKET SIZE, BY TYPE, 2021–2030 (USD MILLION)
                                   TABLE 211 NETHERLANDS: ELECTRIC SHIPS MARKET SIZE, BY SHIP TYPE, 2017–2020 (USD MILLION)
                                   TABLE 212 NETHERLANDS: ELECTRIC SHIPS MARKET SIZE, BY SHIP TYPE, 2021–2030 (USD MILLION)
                                   TABLE 213 NETHERLANDS: ELECTRIC SHIPS MARKET SIZE, BY END-USE, 2017–2020 (USD MILLION)
                                   TABLE 214 NETHERLANDS: ELECTRIC SHIPS MARKET SIZE, BY END-USE, 2021–2030 (USD MILLION)
                       14.3.6.3 By supply side
                                   TABLE 215 NETHERLANDS: ELECTRIC SHIPS MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION)
                                   TABLE 216 NETHERLANDS: ELECTRIC SHIPS MARKET SIZE, BY TYPE, 2021–2030 (USD MILLION)
                                   TABLE 217 NETHERLANDS: ELECTRIC SHIPS MARKET SIZE, BY SHIP TYPE, 2017–2020 (USD MILLION)
                                   TABLE 218 NETHERLANDS: ELECTRIC SHIPS MARKET SIZE, BY SHIP TYPE, 2021–2030 (USD MILLION)
                                   TABLE 219 NETHERLANDS: ELECTRIC SHIPS MARKET SIZE, BY END-USE, 2017–2020 (USD MILLION)
                                   TABLE 220 NETHERLANDS: ELECTRIC SHIPS MARKET SIZE, BY END-USE, 2021–2030 (USD MILLION)
             14.3.7 FINLAND
                       14.3.7.1 Major focus on green marine technologies is anticipated to drive the growth of the market in Finland
                       14.3.7.2 By supply side
                                   TABLE 221 FINLAND: ELECTRIC SHIPS MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION)
                                   TABLE 222 FINLAND: ELECTRIC SHIPS MARKET SIZE, BY TYPE, 2021–2030 (USD MILLION)
                                   TABLE 223 FINLAND: ELECTRIC SHIPS MARKET SIZE, BY SHIP TYPE, 2017–2020 (USD MILLION)
                                   TABLE 224 FINLAND: ELECTRIC SHIPS MARKET SIZE, BY SHIP TYPE, 2021–2030 (USD MILLION)
                                   TABLE 225 FINLAND: ELECTRIC SHIPS MARKET SIZE, BY END-USE, 2017–2020 (USD MILLION)
                                   TABLE 226 FINLAND: ELECTRIC SHIPS MARKET SIZE, BY END-USE, 2021–2030 (USD MILLION)
                       14.3.7.3 By demand side
                                   TABLE 227 FINLAND: ELECTRIC SHIPS MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION)
                                   TABLE 228 FINLAND: ELECTRIC SHIPS MARKET SIZE, BY TYPE, 2021–2030 (USD MILLION)
                                   TABLE 229 FINLAND: ELECTRIC SHIPS MARKET SIZE, BY SHIP TYPE, 2017–2020 (USD MILLION)
                                   TABLE 230 FINLAND: ELECTRIC SHIPS MARKET SIZE, BY SHIP TYPE, 2021–2030 (USD MILLION)
                                   TABLE 231 FINLAND: ELECTRIC SHIPS MARKET SIZE, BY END-USE, 2017–2020 (USD MILLION)
                                   TABLE 232 FINLAND: ELECTRIC SHIPS MARKET SIZE, BY END-USE, 2021–2030 (USD MILLION)
             14.3.8 GERMANY
                       14.3.8.1 Upgradation of ship equipment will boost the demand for electric ships in Germany
                       14.3.8.2 By Demand side
                                   TABLE 233 GERMANY: ELECTRIC SHIPS MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION)
                                   TABLE 234 GERMANY: ELECTRIC SHIPS MARKET SIZE, BY TYPE, 2021–2030 (USD MILLION)
                                   TABLE 235 GERMANY: ELECTRIC SHIPS MARKET SIZE, BY SHIP TYPE, 2017–2020 (USD MILLION)
                                   TABLE 236 GERMANY: ELECTRIC SHIPS MARKET SIZE, BY SHIP TYPE, 2021–2030 (USD MILLION)
                                   TABLE 237 GERMANY: ELECTRIC SHIPS MARKET SIZE, BY END-USE, 2017–2020 (USD MILLION)
                                   TABLE 238 GERMANY: ELECTRIC SHIPS MARKET SIZE, BY END-USE, 2021–2030 (USD MILLION)
                       14.3.8.3 By supply side
                                   TABLE 239 GERMANY: ELECTRIC SHIPS MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION)
                                   TABLE 240 GERMANY: ELECTRIC SHIPS MARKET SIZE, BY TYPE, 2021–2030 (USD MILLION)
                                   TABLE 241 GERMANY: ELECTRIC SHIPS MARKET SIZE, BY SHIP TYPE, 2017–2020 (USD MILLION)
                                   TABLE 242 GERMANY: ELECTRIC SHIPS MARKET SIZE, BY SHIP TYPE, 2021–2030 (USD MILLION)
                                   TABLE 243 GERMANY: ELECTRIC SHIPS MARKET SIZE, BY END-USE, 2017–2020 (USD MILLION)
                                   TABLE 244 GERMANY: ELECTRIC SHIPS MARKET SIZE, BY END-USE, 2021–2030 (USD MILLION)
             14.3.9 DENMARK
                       14.3.9.1 Stringent environmental regulations drive the demand for electric ships in Denmark
                       14.3.9.2 By Demand side
                                   TABLE 245 DENMARK: ELECTRIC SHIPS MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION)
                                   TABLE 246 DENMARK: ELECTRIC SHIPS MARKET SIZE, BY TYPE, 2021–2030 (USD MILLION)
                                   TABLE 247 DENMARK: ELECTRIC SHIPS MARKET SIZE, BY SHIP TYPE, 2017–2020 (USD MILLION)
                                   TABLE 248 DENMARK: ELECTRIC SHIPS MARKET SIZE, BY SHIP TYPE, 2021–2030 (USD MILLION)
                                   TABLE 249 DENMARK: ELECTRIC SHIPS MARKET SIZE, BY END-USE, 2017–2020 (USD MILLION)
                                   TABLE 250 DENMARK: ELECTRIC SHIPS MARKET SIZE, BY END-USE, 2021–2030 (USD MILLION)
                       14.3.9.3 By supply side
                                   TABLE 251 DENMARK: ELECTRIC SHIPS MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION)
                                   TABLE 252 DENMARK: ELECTRIC SHIPS MARKET SIZE, BY TYPE, 2021–2030 (USD MILLION)
                                   TABLE 253 DENMARK: ELECTRIC SHIPS MARKET SIZE, BY SHIP TYPE, 2017–2020 (USD MILLION)
                                   TABLE 254 DENMARK: ELECTRIC SHIPS MARKET SIZE, BY SHIP TYPE, 2021–2030 (USD MILLION)
                                   TABLE 255 DENMARK: ELECTRIC SHIPS MARKET SIZE, BY END-USE, 2017–2020 (USD MILLION)
                                   TABLE 256 DENMARK: ELECTRIC SHIPS MARKET SIZE, BY END-USE, 2021–2030 (USD MILLION)
               14.3.10 REST OF EUROPE
            14.3.10.1 By demand side
                                   TABLE 257 REST OF EUROPE: ELECTRIC SHIPS MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION)
                                   TABLE 258 REST OF EUROPE: ELECTRIC SHIPS MARKET SIZE, BY TYPE, 2021–2030 (USD MILLION)
                                   TABLE 259 REST OF EUROPE: ELECTRIC SHIPS MARKET SIZE, BY SHIP TYPE, 2017–2020 (USD MILLION)
                                   TABLE 260 REST OF EUROPE: ELECTRIC SHIPS MARKET SIZE, BY SHIP TYPE, 2021–2030 (USD MILLION)
                                   TABLE 261 REST OF EUROPE: ELECTRIC SHIPS MARKET SIZE, BY END-USE, 2017–2020 (USD MILLION)
                                   TABLE 262 REST OF EUROPE: ELECTRIC SHIPS MARKET SIZE, BY END-USE, 2021–2030 (USD MILLION)
            14.3.10.2 By supply side
                                   TABLE 263 REST OF EUROPE: ELECTRIC SHIPS MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION)
                                   TABLE 264 REST OF EUROPE: ELECTRIC SHIPS MARKET SIZE, BY TYPE, 2021–2030 (USD MILLION)
                                   TABLE 265 REST OF EUROPE: ELECTRIC SHIPS MARKET SIZE, BY SHIP TYPE, 2017–2020 (USD MILLION)
                                   TABLE 266 REST OF EUROPE: ELECTRIC SHIPS MARKET SIZE, BY SHIP TYPE, 2021–2030 (USD MILLION)
                                   TABLE 267 REST OF EUROPE: ELECTRIC SHIPS MARKET SIZE, BY END-USE, 2017–2020 (USD MILLION)
                                   TABLE 268 REST OF EUROPE: ELECTRIC SHIPS MARKET SIZE, BY END-USE, 2021–2030 (USD MILLION)
     14.4 ASIA PACIFIC
             14.4.1 PESTLE ANALYSIS: ASIA PACIFIC
                       FIGURE 45 ASIA PACIFIC ELECTRIC SHIPS MARKET SNAPSHOT
             14.4.2 BY SUPPLY SIDE
                       TABLE 269 ASIA PACIFIC: ELECTRIC SHIPS MARKET SIZE, BY COUNTRY, 2017–2020 (USD MILLION)
                       TABLE 270 ASIA PACIFIC: ELECTRIC SHIPS MARKET SIZE, BY COUNTRY, 2021–2030 (USD MILLION)
                       TABLE 271 ASIA PACIFIC: ELECTRIC SHIPS MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION)
                       TABLE 272 ASIA PACIFIC: ELECTRIC SHIPS MARKET SIZE, BY TYPE, 2021–2030 (USD MILLION)
                       TABLE 273 ASIA PACIFIC: FULLY ELECTRIC SHIPS MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION)
                       TABLE 274 ASIA PACIFIC: FULLY ELECTRIC SHIPS MARKET SIZE, BY TYPE, 2021–2030 (USD MILLION)
                       TABLE 275 ASIA PACIFIC: HYBRID ELECTRIC SHIPS MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION)
                       TABLE 276 ASIA PACIFIC: HYBRID ELECTRIC SHIPS MARKET SIZE, BY TYPE, 2021–2030 (USD MILLION)
                       TABLE 277 ASIA PACIFIC: ELECTRIC SHIPS MARKET SIZE, BY SHIP TYPE, 2017–2020 (USD MILLION)
                       TABLE 278 ASIA PACIFIC: ELECTRIC SHIPS MARKET SIZE, BY SHIP TYPE, 2021–2030 (USD MILLION)
                       TABLE 279 ASIA PACIFIC: COMMERCIAL ELECTRIC SHIPS MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION)
                       TABLE 280 ASIA PACIFIC: COMMERCIAL ELECTRIC SHIPS MARKET SIZE, BY TYPE, 2021–2030 (USD MILLION)
                       TABLE 281 ASIA PACIFIC: ELECTRIC PASSENGER VESSELS MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION)
                       TABLE 282 ASIA PACIFIC: ELECTRIC PASSENGER VESSELS MARKET SIZE, BY TYPE, 2021–2030 (USD MILLION)
                       TABLE 283 ASIA PACIFIC: ELECTRIC CARGO VESSELS MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION)
                       TABLE 284 ASIA PACIFIC: ELECTRIC CARGO VESSELS MARKET SIZE, BY TYPE, 2021–2030 (USD MILLION)
                       TABLE 285 ASIA PACIFIC: OTHER COMMERCIAL VESSELS MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION)
                       TABLE 286 ASIA PACIFIC: OTHER COMMERCIAL VESSELS MARKET SIZE, BY TYPE, 2021–2030 (USD MILLION)
                       TABLE 287 ASIA PACIFIC: ELECTRIC SHIPS MARKET SIZE, BY MODE OF OPERATION, 2017–2020 (USD MILLION)
                       TABLE 288 ASIA PACIFIC: ELECTRIC SHIPS MARKET SIZE, BY MODE OF OPERATION, 2021–2030 (USD MILLION)
                       TABLE 289 ASIA PACIFIC: ELECTRIC SHIPS MARKET SIZE, BY END-USE, 2017–2020 (USD MILLION)
                       TABLE 290 ASIA PACIFIC: ELECTRIC SHIPS MARKET SIZE, BY END-USE, 2021–2030 (USD MILLION)
                       TABLE 291 ASIA PACIFIC: ELECTRIC SHIPS MARKET SIZE, BY RANGE, 2017–2020 (USD MILLION)
                       TABLE 292 ASIA PACIFIC: ELECTRIC SHIPS MARKET SIZE, BY RANGE, 2021–2030 (USD MILLION)
                       TABLE 293 ASIA PACIFIC: ELECTRIC SHIPS MARKET SIZE, BY RANGE, 2017–2020 (USD MILLION)
                       TABLE 294 ASIA PACIFIC: ELECTRIC SHIPS MARKET SIZE, BY RANGE, 2021–2030 (USD MILLION)
             14.4.3 BY DEMAND SIDE
                       TABLE 295 ASIA PACIFIC: ELECTRIC SHIPS MARKET SIZE, BY COUNTRY, 2017–2020 (USD MILLION)
                       TABLE 296 ASIA PACIFIC: ELECTRIC SHIPS MARKET SIZE, BY COUNTRY, 2021–2030 (USD MILLION)
                       TABLE 297 ASIA PACIFIC: ELECTRIC SHIPS MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION)
                       TABLE 298 ASIA PACIFIC: ELECTRIC SHIPS MARKET SIZE, BY TYPE, 2021–2030 (USD MILLION)
                       TABLE 299 ASIA PACIFIC: FULLY ELECTRIC SHIPS MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION)
                       TABLE 300 ASIA PACIFIC: FULLY ELECTRIC SHIPS MARKET SIZE, BY TYPE, 2021–2030 (USD MILLION)
                       TABLE 301 ASIA PACIFIC: HYBRID ELECTRIC SHIPS MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION)
                       TABLE 302 ASIA PACIFIC: HYBRID ELECTRIC SHIPS MARKET SIZE, BY TYPE, 2021–2030 (USD MILLION)
                       TABLE 303 ASIA PACIFIC: ELECTRIC SHIPS MARKET SIZE, BY SHIP TYPE, 2017–2020 (USD MILLION)
                       TABLE 304 ASIA PACIFIC: ELECTRIC SHIPS MARKET SIZE, BY SHIP TYPE, 2021–2030 (USD MILLION)
                       TABLE 305 ASIA PACIFIC: COMERCIAL ELECTRIC SHIPS MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION)
                       TABLE 306 ASIA PACIFIC: COMMERCIAL ELECTRIC SHIPS MARKET SIZE, BY TYPE, 2021–2030 (USD MILLION)
                       TABLE 307 ASIA PACIFIC: ELECTRIC PASSENGER VESSELS MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION)
                       TABLE 308 ASIA PACIFIC: ELECTRIC PASSENGER VESSELS MARKET SIZE, BY TYPE, 2021–2030 (USD MILLION)
                       TABLE 309 ASIA PACIFIC: ELECTRIC CARGO VESSELS MARKET SIZE, BY TYPE,  2017–2020 (USD MILLION)
                       TABLE 310 ASIA PACIFIC: ELECTRIC CARGO VESSELS MARKET SIZE, BY TYPE, 2021–2030 (USD MILLION)
                       TABLE 311 ASIA PACIFIC: OTHER COMMERCIAL VESSELS MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION)
                       TABLE 312 ASIA PACIFIC: OTHER COMMERCIAL VESSELS MARKET SIZE, BY TYPE, 2021–2030 (USD MILLION)
                       TABLE 313 ASIA PACIFIC: ELECTRIC SHIPS MARKET SIZE, BY MODE OF OPERATION, 2017–2020 (USD MILLION)
                       TABLE 314 ASIA PACIFIC: ELECTRIC SHIPS MARKET SIZE, BY MODE OF OPERATION, 2021–2030 (USD MILLION)
                       TABLE 315 ASIA PACIFIC: ELECTRIC SHIPS MARKET SIZE, BY END-USE, 2017–2020 (USD MILLION)
                       TABLE 316 ASIA PACIFIC: ELECTRIC SHIPS MARKET SIZE, BY END-USE, 2021–2030 (USD MILLION)
                       TABLE 317 ASIA PACIFIC: ELECTRIC SHIPS MARKET SIZE, BY RANGE, 2017–2020 (USD MILLION)
                       TABLE 318 ASIA PACIFIC: ELECTRIC SHIPS MARKET SIZE, BY RANGE, 2021–2030 (USD MILLION)
                       TABLE 319 ASIA PACIFIC: ELECTRIC SHIPS MARKET SIZE, BY RANGE, 2017–2020 (USD MILLION)
                       TABLE 320 ASIA PACIFIC: ELECTRIC SHIPS MARKET SIZE, BY RANGE, 2021–2030 (USD MILLION)
             14.4.4 CHINA
                       14.4.4.1 Presence of several shipbuilding companies boost the growth of the market in the country
                       14.4.4.2 By Demand side
                                   TABLE 321 CHINA: ELECTRIC SHIPS MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION)
                                   TABLE 322 CHINA: ELECTRIC SHIPS MARKET SIZE, BY TYPE, 2021–2030 (USD MILLION)
                                   TABLE 323 CHINA: ELECTRIC SHIPS MARKET SIZE, BY SHIP TYPE, 2017–2020 (USD MILLION)
                                   TABLE 324 CHINA: ELECTRIC SHIPS MARKET SIZE, BY SHIP TYPE, 2021–2030 (USD MILLION)
                                   TABLE 325 CHINA: ELECTRIC SHIPS MARKET SIZE, BY END-USE, 2017–2020 (USD MILLION)
                                   TABLE 326 CHINA: ELECTRIC SHIPS MARKET SIZE, BY END-USE, 2021–2030 (USD MILLION)
                       14.4.4.3 By supply side
                                   TABLE 327 CHINA: ELECTRIC SHIPS MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION)
                                   TABLE 328 CHINA: ELECTRIC SHIPS MARKET SIZE, BY TYPE, 2021–2030 (USD MILLION)
                                   TABLE 329 CHINA: ELECTRIC SHIPS MARKET SIZE, BY SHIP TYPE, 2017–2020 (USD MILLION)
                                   TABLE 330 CHINA: ELECTRIC SHIPS MARKET SIZE, BY SHIP TYPE, 2021–2030 (USD MILLION)
                                   TABLE 331 CHINA: ELECTRIC SHIPS MARKET SIZE, BY END-USE, 2017–2020 (USD MILLION)
                                   TABLE 332 CHINA: ELECTRIC SHIPS MARKET SIZE, BY END-USE, 2021–2030 (USD MILLION)
             14.4.5 SOUTH KOREA
                       14.4.5.1 Adoption of fuel cells for the development of ships and the aim towards achieving a hydrogen economy are expected to fuel the market in South Korea
                       14.4.5.2 By demand side
                                   TABLE 333 SOUTH KOREA: ELECTRIC SHIPS MARKET SIZE, BY TYPE, 2017–2020 (USDMILLION)
                                   TABLE 334 SOUTH KOREA: ELECTRIC SHIPS MARKET SIZE, BY TYPE, 2021–2030 (USD MILLION)
                                   TABLE 335 SOUTH KOREA: ELECTRIC SHIPS MARKET SIZE, BY SHIP TYPE, 2017–2020 (USDMILLION)
                                   TABLE 336 SOUTH KOREA: ELECTRIC SHIPS MARKET SIZE, BY SHIP TYPE, 2021–2030 (USD MILLION)
                                   TABLE 337 SOUTH KOREA: ELECTRIC SHIPS MARKET SIZE, BY END-USE, 2017–2020 (USD MILLION)
                                   TABLE 338 SOUTH KOREA: ELECTRIC SHIPS MARKET SIZE, BY END-USE, 2021–2030 (USD MILLION)
                       14.4.5.3 By supply side
                                   TABLE 339 SOUTH KOREA: ELECTRIC SHIPS MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION)
                                   TABLE 340 SOUTH KOREA: ELECTRIC SHIPS MARKET SIZE, BY TYPE, 2021–2030 (USD MILLION)
                                   TABLE 341 SOUTH KOREA: ELECTRIC SHIPS MARKET SIZE, BY SHIP TYPE, 2017–2020 (USD MILLION)
                                   TABLE 342 SOUTH KOREA: ELECTRIC SHIPS MARKET SIZE, BY SHIP TYPE, 2021–2030 (USD MILLION)
                                   TABLE 343 SOUTH KOREA: ELECTRIC SHIPS MARKET SIZE, BY END-USE, 2017–2020 (USD MILLION)
                                   TABLE 344 SOUTH KOREA: ELECTRIC SHIPS MARKET SIZE, BY END-USE, 2021–2030 (USD MILLION)
             14.4.6 JAPAN
                       14.4.6.1 Focus on reducing greenhouse gas emissions from international shipping is supporting the growth of the market in Japan
                       14.4.6.2 By demand side
                                   TABLE 345 JAPAN: ELECTRIC SHIPS MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION)
                                   TABLE 346 JAPAN: ELECTRIC SHIPS MARKET SIZE, BY TYPE, 2021–2030 (USD MILLION)
                                   TABLE 347 JAPAN: ELECTRIC SHIPS MARKET SIZE, BY SHIP TYPE, 2017–2020 (USD MILLION)
                                   TABLE 348 JAPAN: ELECTRIC SHIPS MARKET SIZE, BY SHIP TYPE, 2021–2030 (USD MILLION)
                                   TABLE 349 JAPAN: ELECTRIC SHIPS MARKET SIZE, BY END-USE, 2017–2020 (USD MILLION)
                                   TABLE 350 JAPAN: ELECTRIC SHIPS MARKET SIZE, BY END-USE, 2021–2030 (USD MILLION)
                       14.4.6.3 By supply side
                                   TABLE 351 JAPAN: ELECTRIC SHIPS MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION)
                                   TABLE 352 JAPAN: ELECTRIC SHIPS MARKET SIZE, BY TYPE, 2021–2030 (USD MILLION)
                                   TABLE 353 JAPAN: ELECTRIC SHIPS MARKET SIZE, BY SHIP TYPE, 2017–2020 (USD MILLION)
                                   TABLE 354 JAPAN: ELECTRIC SHIPS MARKET SIZE, BY SHIP TYPE, 2021–2030 (USD MILLION)
                                   TABLE 355 JAPAN: ELECTRIC SHIPS MARKET SIZE, BY END-USE, 2017–2020 (USD MILLION)
                                   TABLE 356 JAPAN: ELECTRIC SHIPS MARKET SIZE, BY END-USE, 2021–2030 (USD MILLION)
             14.4.7 NEW ZEALAND
                       14.4.7.1 Increase focus on shifting from diesel-driven ships to electric ships in New Zealand to reduce operational costs will drive the market
                       14.4.7.2 By demand side
                                   TABLE 357 NEW ZEALAND: ELECTRIC SHIPS MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION)
                                   TABLE 358 NEW ZEALAND: ELECTRIC SHIPS MARKET SIZE, BY TYPE, 2021–2030 (USD MILLION)
                                   TABLE 359 NEW ZEALAND: ELECTRIC SHIPS MARKET SIZE, BY SHIP TYPE, 2017–2020 (USD MILLION)
                                   TABLE 360 NEW ZEALAND: ELECTRIC SHIPS MARKET SIZE, BY SHIP TYPE, 2021–2030 (USD MILLION)
                                   TABLE 361 NEW ZEALAND: ELECTRIC SHIPS MARKET SIZE, BY END-USE, 2017–2020 (USD MILLION)
                                   TABLE 362 NEW ZEALAND: ELECTRIC SHIPS MARKET SIZE, BY END-USE, 2021–2030 (USD MILLION)
                       14.4.7.3 By supply side
                                   TABLE 363 NEW ZEALAND: ELECTRIC SHIPS MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION)
                                   TABLE 364 NEW ZEALAND: ELECTRIC SHIPS MARKET SIZE, BY TYPE, 2021–2030 (USD MILLION)
                                   TABLE 365 NEW ZEALAND: ELECTRIC SHIPS MARKET SIZE, BY SHIP TYPE, 2017–2020 (USD MILLION)
                                   TABLE 366 NEW ZEALAND: ELECTRIC SHIPS MARKET SIZE, BY SHIP TYPE, 2021–2030 (USD MILLION)
                                   TABLE 367 NEW ZEALAND: ELECTRIC SHIPS MARKET SIZE, BY END-USE, 2017–2020 (USD MILLION)
                                   TABLE 368 NEW ZEALAND: ELECTRIC SHIPS MARKET SIZE, BY END-USE, 2021–2030 (USD MILLION)
             14.4.8 INDIA
                       14.4.8.1 Shift from diesel-driven to electrically driven vessels to lower operating costs will drive the market
                       14.4.8.2 By demand side
                                   TABLE 369 INDIA: ELECTRIC SHIPS MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION)
                                   TABLE 370 INDIA: ELECTRIC SHIPS MARKET SIZE, BY TYPE, 2021–2030 (USD MILLION)
                                   TABLE 371 INDIA: ELECTRIC SHIPS MARKET SIZE, BY SHIP TYPE, 2017–2020 (USD MILLION)
                                   TABLE 372 INDIA: ELECTRIC SHIPS MARKET SIZE, BY SHIP TYPE, 2021–2030 (USD MILLION)
                                   TABLE 373 INDIA: ELECTRIC SHIPS MARKET SIZE, BY END-USE, 2017–2020 (USD MILLION)
                                   TABLE 374 INDIA: ELECTRIC SHIPS MARKET SIZE, BY END-USE, 2021–2030 (USD MILLION)
                       14.4.8.3 By supply side
                                   TABLE 375 INDIA: ELECTRIC SHIPS MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION)
                                   TABLE 376 INDIA: ELECTRIC SHIPS MARKET SIZE, BY TYPE, 2021–2030 (USD MILLION)
                                   TABLE 377 INDIA: ELECTRIC SHIPS MARKET SIZE, BY SHIP TYPE, 2017–2020 (USD MILLION)
                                   TABLE 378 INDIA: ELECTRIC SHIPS MARKET SIZE, BY SHIP TYPE, 2021–2030 (USD MILLION)
                                   TABLE 379 INDIA: ELECTRIC SHIPS MARKET SIZE, BY END-USE, 2017–2020 (USD MILLION)
                                   TABLE 380 INDIA: ELECTRIC SHIPS MARKET SIZE, BY END-USE, 2021–2030 (USD MILLION)
             14.4.9 REST OF ASIA PACIFIC
                       14.4.9.1 The development of electric passenger ferries is expected to fuel the growth of electric ships in this region
                       14.4.9.2 By demand side
                                   TABLE 381 REST OF APAC: ELECTRIC SHIPS MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION)
                                   TABLE 382 REST OF APAC: ELECTRIC SHIPS MARKET SIZE, BY TYPE, 2021–2030 (USD MILLION)
                                   TABLE 383 REST OF APAC: ELECTRIC SHIPS MARKET SIZE, BY SHIP TYPE, 2017–2020 (USD MILLION)
                                   TABLE 384 REST OF APAC: ELECTRIC SHIPS MARKET SIZE, BY SHIP TYPE, 2021–2030 (USD MILLION)
                                   TABLE 385 REST OF APAC: ELECTRIC SHIPS MARKET SIZE, BY END-USE, 2017–2020 (USD MILLION)
                                   TABLE 386 REST OF APAC: ELECTRIC SHIPS MARKET SIZE, BY END-USE, 2021–2030 (USD MILLION)
                       14.4.9.3 From supply side
                                   TABLE 387 REST OF APAC: ELECTRIC SHIPS MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION)
                                   TABLE 388 REST OF APAC: ELECTRIC SHIPS MARKET SIZE, BY TYPE, 2021–2030 (USD MILLION)
                                   TABLE 389 REST OF APAC: ELECTRIC SHIPS MARKET SIZE, BY SHIP TYPE, 2017–2020 (USD MILLION)
                                   TABLE 390 REST OF APAC: ELECTRIC SHIPS MARKET SIZE, BY SHIP TYPE, 2021–2030 (USD MILLION)
                                   TABLE 391 REST OF APAC: ELECTRIC SHIPS MARKET SIZE, BY END-USE, 2017–2020 (REST OF APACD MILLION)
                                   TABLE 392 REST OF APAC: ELECTRIC SHIPS MARKET SIZE, BY END-USE,  2021–2030 (REST OF APACD MILLION)
     14.5 REST OF THE WORLD
             14.5.1 PESTLE ANALYSIS: REST OF THE WORLD
             14.5.2 BY SUPPLY SIDE
                       TABLE 393 REST OF THE WORLD: ELECTRIC SHIPS MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
                       TABLE 394 REST OF THE WORLD: ELECTRIC SHIPS MARKET SIZE, BY REGION, 2021–2030 (USD MILLION)
                       TABLE 395 REST OF THE WORLD: ELECTRIC SHIPS MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION)
                       TABLE 396 REST OF THE WORLD: ELECTRIC SHIPS MARKET SIZE, BY TYPE, 2021–2030 (USD MILLION)
                       TABLE 397 REST OF THE WORLD: FULLY ELECTRIC SHIPS MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION)
                       TABLE 398 REST OF THE WORLD: FULLY ELECTRIC SHIPS MARKET SIZE, BY TYPE, 2021–2030 (USD MILLION)
                       TABLE 399 REST OF THE WORLD: HYBRID ELECTRIC SHIPS MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION)
                       TABLE 400 REST OF THE WORLD: HYBRID ELECTRIC SHIPS MARKET SIZE, BY TYPE, 2021–2030 (USD MILLION)
                       TABLE 401 REST OF THE WORLD: ELECTRIC SHIPS MARKET SIZE, BY SHIP TYPE, 2017–2020 (USD MILLION)
                       TABLE 402 REST OF THE WORLD: ELECTRIC SHIPS MARKET SIZE, BY SHIP TYPE, 2021–2030 (USD MILLION)
                       TABLE 403 REST OF THE WORLD: COMMERCIAL ELECTRIC SHIPS MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION)
                       TABLE 404 REST OF THE WORLD: COMMERCIAL ELECTRIC SHIPS MARKET SIZE,  BY TYPE, 2021–2030 (USD MILLION)
                       TABLE 405 REST OF THE WORLD: ELECTRIC PASSENGER VESSELS MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION)
                       TABLE 406 REST OF THE WORLD: ELECTRIC PASSENGER VESSELS MARKET, BY TYPE, 2021–2030 (USD MILLION)
                       TABLE 407 REST OF THE WORLD: ELECTRIC CARGO VESSELS MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION)
                       TABLE 408 REST OF THE WORLD: ELECTRIC CARGO VESSELS MARKET SIZE, BY TYPE, 2021–2030 (USD MILLION)
                       TABLE 409 REST OF THE WORLD: OTHER COMMERCIAL VESSELS MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION)
                       TABLE 410 REST OF THE WORLD: OTHER COMMERCIAL VESSELS MARKET SIZE, BY TYPE, 2021–2030 (USD MILLION)
                       TABLE 411 REST OF THE WORLD: ELECTRIC SHIPS MARKET SIZE, BY MODE OF OPERATION, 2017–2020 (USD MILLION)
                       TABLE 412 REST OF THE WORLD: ELECTRIC SHIPS MARKET SIZE, BY MODE OF OPERATION, 2021–2030 (USD MILLION)
                       TABLE 413 REST OF THE WORLD: ELECTRIC SHIPS MARKET SIZE, BY END-USE, 2017–2020 (USD MILLION)
                       TABLE 414 REST OF THE WORLD: ELECTRIC SHIPS MARKET SIZE, BY END-USE, 2021–2030 (USD MILLION)
                       TABLE 415 REST OF THE WORLD: ELECTRIC SHIPS MARKET SIZE, BY RANGE, 2017–2020 (USD MILLION)
                       TABLE 416 REST OF THE WORLD: ELECTRIC SHIPS MARKET SIZE, BY RANGE, 2021–2030 (USD MILLION)
                       TABLE 417 REST OF THE WORLD: ELECTRIC SHIPS MARKET SIZE, BY RANGE, 2017–2020 (USD MILLION)
                       TABLE 418 REST OF THE WORLD: ELECTRIC SHIPS MARKET SIZE, BY RANGE, 2021–2030 (USD MILLION)
             14.5.3 BY DEMAND SIDE
                       TABLE 419 REST OF THE WORLD: ELECTRIC SHIPS MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
                       TABLE 420 REST OF THE WORLD: ELECTRIC SHIPS MARKET SIZE, BY REGION, 2021–2030 (USD MILLION)
                       TABLE 421 REST OF THE WORLD: ELECTRIC SHIPS MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION)
                       TABLE 422 REST OF THE WORLD: ELECTRIC SHIPS MARKET SIZE, BY TYPE, 2021–2030 (USD MILLION)
                       TABLE 423 REST OF THE WORLD: FULLY ELECTRIC SHIPS MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION)
                       TABLE 424 REST OF THE WORLD: FULLY ELECTRIC SHIPS MARKET SIZE, BY TYPE, 2021–2030 (USD MILLION)
                       TABLE 425 REST OF THE WORLD: HYBRID ELECTRIC SHIPS MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION)
                       TABLE 426 REST OF THE WORLD: HYBRID ELECTRIC SHIPS MARKET SIZE, BY TYPE, 2021–2030 (USD MILLION)
                       TABLE 427 REST OF THE WORLD: ELECTRIC SHIPS MARKET SIZE, BY SHIP TYPE, 2017–2020 (USD MILLION)
                       TABLE 428 REST OF THE WORLD: ELECTRIC SHIPS MARKET SIZE, BY SHIP TYPE, 2021–2030 (USD MILLION)
                       TABLE 429 REST OF THE WORLD: COMMERCIAL ELECTRIC SHIPS MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION)
                       TABLE 430 REST OF THE WORLD: COMMERCIAL ELECTRIC SHIPS MARKET SIZE, BY TYPE, 2021–2030 (USD MILLION)
                       TABLE 431 REST OF THE WORLD: ELECTRIC PASSENGER VESSELS MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION)
                       TABLE 432 REST OF THE WORLD: ELECTRIC PASSENGER VESSELS MARKET SIZE, BY TYPE, 2021–2030 (USD MILLION)
                       TABLE 433 REST OF THE WORLD: ELECTRIC CARGO VESSELS MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION)
                       TABLE 434 REST OF THE WORLD: ELECTRIC CARGO VESSELS MARKET SIZE, BY TYPE, 2021–2030 (USD MILLION)
                       TABLE 435 REST OF THE WORLD: OTHER COMMERCIAL VESSELS MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION)
                       TABLE 436 REST OF THE WORLD: OTHER COMMERCIAL VESSELS MARKET SIZE, BY TYPE, 2021–2030 (USD MILLION)
                       TABLE 437 REST OF THE WORLD: ELECTRIC SHIPS MARKET SIZE,BY MODE OF OPERATION, 2017–2020 (USD MILLION)
                       TABLE 438 REST OF THE WORLD: ELECTRIC SHIPS MARKET SIZE, BY MODE OF OPERATION, 2021–2030 (USD MILLION)
                       TABLE 439 REST OF THE WORLD: ELECTRIC SHIPS MARKET SIZE, BY END-USE, 2017–2020 (USD MILLION)
                       TABLE 440 REST OF THE WORLD: ELECTRIC SHIPS MARKET SIZE, BY END-USE, 2021–2030 (USD MILLION)
                       TABLE 441 REST OF THE WORLD: ELECTRIC SHIPS MARKET SIZE, BY RANGE, 2017–2020 (USD MILLION)
                       TABLE 442 REST OF THE WORLD: ELECTRIC SHIPS MARKET SIZE, BY RANGE, 2021–2030 (USD MILLION)
                       TABLE 443 REST OF THE WORLD: ELECTRIC SHIPS MARKET SIZE, BY RANGE, 2017–2020 (USD MILLION)
                       TABLE 444 REST OF THE WORLD: ELECTRIC SHIPS MARKET SIZE, BY RANGE, 2021–2030 (USD MILLION)
             14.5.4 LATIN AMERICA
                       14.5.4.1 Large fleet size of ships in Latin America encourages the adoption of hybrid propulsion
                       14.5.4.2 By supply side
                                   TABLE 445 LATIN AMERICA: ELECTRIC SHIPS MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION)
                                   TABLE 446 LATIN AMERICA: ELECTRIC SHIPS MARKET SIZE, BY TYPE, 2021–2030 (USD MILLION)
                                   TABLE 447 LATIN AMERICA: ELECTRIC SHIPS MARKET SIZE, BY SHIP TYPE, 2017–2020 (USD MILLION)
                                   TABLE 448 LATIN AMERICA: ELECTRIC SHIPS MARKET SIZE, BY SHIP TYPE, 2021–2030 (USD MILLION)
                                   TABLE 449 LATIN AMERICA: ELECTRIC SHIPS MARKET SIZE, BY END-USE, 2017–2020 (USD MILLION)
                                   TABLE 450 LATIN AMERICA: ELECTRIC SHIPS MARKET SIZE, BY END-USE, 2021–2030 (USD MILLION)
                       14.5.4.3 By demand side
                                   TABLE 451 LATIN AMERICA: ELECTRIC SHIPS MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION)
                                   TABLE 452 LATIN AMERICA: ELECTRIC SHIPS MARKET SIZE, BY TYPE, 2021–2030 (USD MILLION)
                                   TABLE 453 LATIN AMERICA: ELECTRIC SHIPS MARKET SIZE, BY SHIP TYPE, 2017–2020 (USD MILLION)
                                   TABLE 454 LATIN AMERICA: ELECTRIC SHIPS MARKET SIZE, BY SHIP TYPE, 2021–2030 (USD MILLION)
                                   TABLE 455 LATIN AMERICA: ELECTRIC SHIPS MARKET SIZE, BY END-USE, 2017–2020 (USD MILLION)
                                   TABLE 456 LATIN AMERICA: ELECTRIC SHIPS MARKET SIZE, BY END-USE, 2021–2030 (USD MILLION)
             14.5.5 MIDDLE EAST & AFRICA
                       14.5.5.1 Retrofitting the existing fleet size of ships is driving the electric ships market in this region
                       14.5.5.2 By supply side
                                   TABLE 457 MIDDLE EAST & AFRICA: ELECTRIC SHIPS MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION)
                                   TABLE 458 MIDDLE EAST & AFRICA: ELECTRIC SHIPS MARKET SIZE, BY TYPE, 2021–2030 (USD MILLION)
                                   TABLE 459 MIDDLE EAST & AFRICA: ELECTRIC SHIPS MARKET SIZE, BY SHIP TYPE, 2017–2020 (USD MILLION)
                                   TABLE 460 MIDDLE EAST & AFRICA: ELECTRIC SHIPS MARKET SIZE, BY SHIP TYPE, 2021–2030 (USD MILLION)
                                   TABLE 461 MIDDLE EAST & AFRICA: ELECTRIC SHIPS MARKET SIZE, BY END-USE, 2017–2020 (USD MILLION)
                                   TABLE 462 MIDDLE EAST & AFRICA: ELECTRIC SHIPS MARKET SIZE, BY END-USE, 2021–2030 (USD MILLION)
                       14.5.5.3 By demand side
                                   TABLE 463 MIDDLE EAST & AFRICA: ELECTRIC SHIPS MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION)
                                   TABLE 464 MIDDLE EAST & AFRICA: ELECTRIC SHIPS MARKET SIZE, BY TYPE, 2021–2030 (USD MILLION)
                                   TABLE 465 MIDDLE EAST & AFRICA: ELECTRIC SHIPS MARKET SIZE, BY SHIP TYPE, 2017–2020 (USD MILLION)
                                   TABLE 466 MIDDLE EAST & AFRICA: ELECTRIC SHIPS MARKET SIZE, BY SHIP TYPE, 2021–2030 (USD MILLION)
                                   TABLE 467 MIDDLE EAST & AFRICA: ELECTRIC SHIPS MARKET SIZE, BY END-USE, 2017–2020 (USD MILLION)
                                   TABLE 468 MIDDLE EAST & AFRICA: ELECTRIC SHIPS MARKET SIZE, BY END-USE, 2021–2030 (USD MILLION)

15 COMPETITIVE LANDSCAPE (Page No. - 282)
     15.1 INTRODUCTION
     15.2 RANKING OF LEADING PLAYERS, 2020
               FIGURE 46 MARKET RANKING OF LEADING PLAYERS IN ELECTRIC SHIP MARKET, 2021
     15.3 MARKET SHARE ANALYSIS OF LEADING PLAYERS, 2021
               FIGURE 47 MARKET SHARE ANALYSIS OF LEADING PLAYERS IN ELECTRIC SHIP MARKET (BATTERY SUPPLIER), 2020
               FIGURE 48 MARKET SHARE ANALYSIS OF LEADING PLAYERS IN ELECTRIC SHIP MARKET (SYSTEM INTEGRATORS), 2020
               FIGURE 49 MARKET SHARE ANALYSIS OF ELECTRIC SHIPS MARKET (AREA OF OPERATION), 2020
               FIGURE 50 MARKET SHARE ANALYSIS OF ELECTRIC SHIPS MARKET (BATTERY APPLICATION), 2020
               FIGURE 51 MARKET SHARE ANALYSIS OF ELECTRIC SHIPS MARKET (END-USE), 2020
               FIGURE 52 MARKET SHARE ANALYSIS OF ELECTRIC SHIP MARKET (NUMBER OF SHIPS WITH BATTERY INSTALLED OR ON ORDER)
               FIGURE 53 MARKET SHARE ANALYSIS OF ELECTRIC SHIPS MARKET, (MODE OF OPERATION)
     15.4 REVENUE ANALYSIS OF TOP 5 MARKET PLAYERS, 2020
               FIGURE 54 REVENUE ANALYSIS OF LEADING PLAYERS IN THE ELECTRIC SHIPS MARKET, 2020
     15.5 COMPETITIVE OVERVIEW
               TABLE 469 KEY DEVELOPMENTS BY LEADING PLAYERS IN ELECTRIC SHIP MARKET BETWEEN 2017 AND 2021
     15.6 COMPANY PRODUCT FOOTPRINT ANALYSIS
               TABLE 470 COMPANY PRODUCT FOOTPRINT
               TABLE 471 COMPANY TECHNOLOGY FOOTPRINT
               TABLE 472 COMPANY INDUSTRY FOOTPRINT
               TABLE 473 COMPANY REGION FOOTPRINT
     15.7 COMPANY EVALUATION QUADRANT
             15.7.1 STAR
             15.7.2 EMERGING LEADER
             15.7.3 PERVASIVE
             15.7.4 PARTICIPANT
                       FIGURE 55 ELECTRIC SHIP MARKET COMPETITIVE LEADERSHIP MAPPING, 2021
     15.8 COMPETITIVE SCENARIO
             15.8.1 DEALS
                       TABLE 474 DEALS, 2019-2021
             15.8.2 CONTRACTS
                       TABLE 475 CONTRACTS BY SHIP MANUFACTURER /COMPOENENT SUPPLIER/
             15.8.3 PARTNERSHIPS, AGREEMENTS, JOINT VENTURES, AND COLLABORATIONS
             15.8.4 PRODUCT LAUNCHES
                       TABLE 476 PRODUCT LAUNCHES, 2019-2021

16 COMPANY PROFILE (Page No. - 304)
(Business Overview, Products Offered, Recent Developments, MnM View Right to win, Strategic choices made, Weaknesses and competitive threats) *
     16.1 ABB
             TABLE 477 ABB: BUSINESS OVERVIEW
             FIGURE 56 ABB: COMPANY SNAPSHOT
     16.2 WARTSILA
             TABLE 478 WARTSILA: BUSINESS OVERVIEW
             FIGURE 57 WARTSILA: COMPANY SNAPSHOT
     16.3 KONGSBERG GRUPPEN
             16.3.1 BUSINESS OVERVIEW
                       TABLE 479 KONGSBERG GRUPPEN: BUSINESS OVERVIEW
                       FIGURE 58 KONGSBERG GRUPPEN: COMPANY SNAPSHOT
     16.4 GENERAL ELECTRIC COMPANY (GE)
             TABLE 480 GENERAL ELECTRIC COMPANY: BUSINESS OVERVIEW
             FIGURE 59 GENERAL ELECTRIC COMPANY: COMPANY SNAPSHOT
     16.5 VARD (FINCANTIERI)
             TABLE 481 VARD (FINCANTIERI): BUSINESS OVERVIEW
             FIGURE 60 VARD (FINCANTIERI): COMPANY SNAPSHOT
     16.6 SIEMENS
             TABLE 482 SIEMENS: BUSINESS OVERVIEW
             FIGURE 61 SIEMENS AG: COMPANY SNAPSHOT
     16.7 LECLANCHΙ SA
             TABLE 483 LECLANCE SA: BUSINESS OVERVIEW
             FIGURE 62 LECLANCHE SA: COMPANY SNAPSHOT
     16.8 BAE SYSTEMS
             TABLE 484 BAE SYSTEMS: BUSINESS OVERVIEW
             FIGURE 63 BAE SYSTEMS: COMPANY SNAPSHOT
     16.9 SAFT (TOTAL)
             TABLE 485 SAFT: BUSINESS OVERVIEW
     16.10 NORWEGIAN ELECTRIC SYSTEMS AS (HAVYARD GROUP ASA)
             TABLE 486 NORWEGIAN ELECTRIC SYSTEMS AS (HAVYARD GROUP SA): BUSINESS OVERVIEW
     16.11 MAN ENERGY SOLUTIONS SE (TRATON GROUP)
             TABLE 487 MAN ENERGY SOLUTIONS SE (TRATON GROUP): BUSINESS OVERVIEW
     16.12 CORVUS ENERGY
             TABLE 488 CORVUS ENERGY: BUSINESS OVERVIEW
            16.12.2.2 Recent developments: Merger and Acquisition
     16.13 ECHANDIA MARINE AB
             TABLE 489 ECHANDIA MARINE AB: BUSINESS OVERVIEW
     16.14 GENERAL DYNAMICS ELECTRIC BOAT
             TABLE 490 GENERAL DYNAMICS ELECTRIC BOAT: BUSINESS OVERVIEW
     16.15 ANGLO BELGIAN CORPORATION (ABC) NV
             TABLE 491 ANGLO BELGIAN CORPORATION (ABC) NV: BUSINESS OVERVIEW
     16.16 SCHOTTEL GMBH
             TABLE 492 SCHOTTEL GMBH: BUSINESS OVERVIEW
     16.17 VISEDO (DANFOSS)
             TABLE 493 VISEDO (DANFOSS): BUSINESS OVERVIEW
     16.18 ECO MARINE POWER CO LTD.
             TABLE 494 ECO MARINE POWER CO LTD.: BUSINESS OVERVIEW
     16.19 AKASOL AG
             TABLE 495 AKASOL AG BUSINESS OVERVIEW
     16.20 EST FLOATTECH
             TABLE 496 EST FLOATTECH: BUSINESS OVERVIEW
     16.21 FJELLSTRAND
             TABLE 497 FJELLSTRAND: BUSINESS OVERVIEW
     16.22 SΨBY VΖRFT A/S
             TABLE 498 SΨBY VΖRFT A/S: BUSINESS OVERVIEW
     16.23 MITSUBISHI SHIPBUILDING
             TABLE 499 MITSUBISHI SHIPBUILDING: BUSINESS OVERVIEW
             FIGURE 64 MITSUBISHI HEAVY INDUSTRIES: COMPANY SNAPSHOT
     16.24 STERLING PLANB ENERGY SOLUTIONS
             TABLE 500 STERLING PLANB ENERGY SOLUTIONS: BUSINESS OVERVIEW
     16.25 COCHIN SHIPYARD
             TABLE 501 COCHIN SHIPYARD: BUSINESS OVERVIEW

*Details on Business Overview, Products Offered, Recent Developments, MnM View, Right to win, Strategic choices made, Weaknesses and competitive threats might not be captured in case of unlisted companies.

17 APPENDIX (Page No. - 365)
     17.1 DISCUSSION GUIDE
     17.2 KNOWLEDGE STORE: MARKETSANDMARKETS™ SUBSCRIPTION PORTAL
     17.3 AVAILABLE CUSTOMIZATIONS
     17.4 RELATED REPORTS
     17.5 AUTHOR DETAILS

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

In the primary research process, various primary sources from both supply and demand sides were interviewed to obtain qualitative and quantitative information on the market. The primary sources from the supply side included various industry experts, such as Chief X Officers (CXOs), Vice Presidents (VPs), Directors, from business development, marketing, product development/innovation teams, and related key executives from electric ship vendors; system integrators; component providers; distributors; and key opinion leaders.

Primary interviews were conducted to gather insights such as market statistics, data of revenue collected from the products and services, market breakdowns, market size estimations, market forecasting, and data triangulation. Primary research also helped in understanding the various trends related to technology, application, vertical, and region. Stakeholders from the demand side, such as CIOs, CTOs, and CSOs, and installation teams of the customer/end users who are using electric ship were interviewed to understand the buyer’s perspective on the suppliers, products, component providers, and their current usage of electric ship and future outlook of their business which will affect the overall market.

Electric Ships Market Size, and Share

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

Market Size Estimation

Both top-down and bottom-up approaches were used to estimate and validate the total size of the electric ship market. These methods were also used extensively to estimate the size of various 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.

Electric Ships Market Size, and Share

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

Data Triangulation

After arriving at the overall size of the electric ship Market using the market size estimation processes explained above, the market was split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, data triangulation, and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from demand as well as supply sides of the electric ship market.

Report Objectives

  • To define, describe, segment, and forecast the size of the electric ship market based on type, system, mode of operation, ship type, power, range, tonnage, end use and region
  • To forecast the market size of segments with respect to various regions, including North America, Europe, Asia Pacific, and Rest of the World, along with major countries in each region
  • To identify and analyze key drivers, restraints, opportunities, and challenges influencing the growth of the electric ship market
  • To analyze technological advancements and product launches in the market
  • To strategically analyze micromarkets1, with respect to their growth trends, prospects, and their contribution to the market
  • To identify financial positions, key products, and key developments of leading companies in the market
  • To provide a detailed competitive landscape of the market, along with market share analysis
  • To provide a comprehensive analysis of business and corporate strategies adopted by the key players in the market
  • To strategically profile key players in the market and comprehensively analyze their core competencies

Available Customizations

MarketsandMarkets offers the following customizations for this market report:

  • Additional country-level analysis of the electric ship market
  • Profiling of additional market players (up to 5)

Product Analysis

  • Product matrix, which provides a detailed comparison of the product portfolio of each company in the electric ship Market
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Benchmarking the rapid strategy shifts of the Top 100 companies in the Electric Ship Market

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