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Electric Ships Market by Type (Fully Electric, Hybrid), System (Energy Storage Systems, Power Conversion, Power Distribution), Mode of Operation, Ship Type, Power, End-Use - Global Forecast 2024-2030

Publisher 360iResearch
Published Jan 15, 2024
Length 189 Pages
SKU # IRE18443102

Description

Electric Ships Market by Type (Fully Electric, Hybrid), System (Energy Storage Systems, Power Conversion, Power Distribution), Mode of Operation, Ship Type, Power, End-Use - Global Forecast 2024-2030


The Electric Ships Market size was estimated at USD 12.37 billion in 2023and expected to reach USD 14.14 billion in 2024,at a CAGR 15.13%to reach USD 33.18 billion by 2030.

Electric ships are primarily ferries and small passenger ships on inland waterways that sail entirely with electricity and travel only short distances, approximately 80 km, on a single charge. Electric ships use a battery financial institution to supply electricity to force electric-powered motors. Various batteries are utilized in an electric-powered delivery, including lead-acid batteries, lithium-ion batteries, and gas cells. Increasing demand for hybrid and electric propulsion for retrofitting ships and the emerging maritime tourism industry worldwide raised the adoption of electric ships. However, concerns associated with limited range and capacity and lack of charging infrastructure impede the utilization of electric ships. In addition, ongoing technological advances and innovations are expected to create robust opportunities for the development of electric ships.

Regional Insights

In the Americas, governments in various nations, such as Mexico and Brazil, are heavily investing in developing advanced technology for the marine sector to enhance the adoption of electric ships. The 2030 Green Ship-K Promotion Strategy is relevant to South Korea’s plans to gain carbon neutrality through 2050, particularly goals for developing and wider use of low-carbon delivery technology consisting of hydrogen gasoline cells and propulsion systems. The initiative intends to decrease the country’s transport greenhouse fuel line emissions by 40% within 25 years and 70% by 2050. Countries together with Norway, Finland, and Denmark have actively begun changing traditional passenger ferries with completely electric-powered passenger ferries. Major traits in self-sustaining electric-powered ships that use gas cells and remotely managed electric-powered ships are using the marketplace to develop further in Europe. The United Kingdom, France, Spain, and Italy opt for key technologies supporting port automation and digitalization, including the Internet of Things (IoT), artificial intelligence (AI), unmanned vehicles, equipment, and blockchain are expected to drive the market growth in the European region.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Electric Ships Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Electric Ships Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Electric Ships Market, highlighting leading vendors and their innovative profiles. These include Anglo Belgian Corporation NV, Baumüller Nürnberg GmbH, Cavotec SA, Craig Catamaran Corporation, Damen Shipyards Group, Duffy Electric Boat Company, Echandia Marine AB, Electric Ship Facilities B.V., General Dynamics Company, General Electric Company, ICE Group, Kongsberg Gruppen, Leclanché SA, Mitsubishi Corp., Navalt Inc., SCHOTTEL GmbH, Shell plc, Siemens AG, Speedgoat GmbH, Toshiba Corporation, and Wärtsilä Corporation.

Market Segmentation & Coverage

This research report categorizes the Electric Ships Market to forecast the revenues and analyze trends in each of the following sub-markets:

  • Type
    • Fully Electric
    • Hybrid
  • System
    • Energy Storage Systems
    • Power Conversion
    • Power Distribution
    • Power Generation
  • Mode of Operation
    • Autonomous
    • Manned
    • Remotely Operated
  • Ship Type
    • Commercial
    • Defense
  • Power
    • 151-745KW
    • 746-7,560KW
    • 75-150KW
    • <75KW
    • >7,560KW
  • End-Use
    • New Build & Line fit
    • Retrofit
  • Region
    • Americas
      • Argentina
      • Brazil
      • Canada
      • Mexico
      • United States
        • California
        • Florida
        • Illinois
        • New York
        • Ohio
        • Pennsylvania
        • Texas
    • Asia-Pacific
      • Australia
      • China
      • India
      • Indonesia
      • Japan
      • Malaysia
      • Philippines
      • Singapore
      • South Korea
      • Taiwan
      • Thailand
      • Vietnam
    • Europe, Middle East & Africa
      • Denmark
      • Egypt
      • Finland
      • France
      • Germany
      • Israel
      • Italy
      • Netherlands
      • Nigeria
      • Norway
      • Poland
      • Qatar
      • Russia
      • Saudi Arabia
      • South Africa
      • Spain
      • Sweden
      • Switzerland
      • Turkey
      • United Arab Emirates
      • United Kingdom
The report offers valuable insights on the following aspects:

  1. Market Penetration: It presents comprehensive information on the market provided by key players.
  2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
  3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
  4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
  5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.
The report addresses key questions such as:

  1. What is the market size and forecast of the Electric Ships Market?
  2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Electric Ships Market?
  3. What are the technology trends and regulatory frameworks in the Electric Ships Market?
  4. What is the market share of the leading vendors in the Electric Ships Market?
  5. Which modes and strategic moves are suitable for entering the Electric Ships Market?
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Table of Contents

189 Pages
1. Preface
1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Limitations
1.7. Assumptions
1.8. Stakeholders
2. Research Methodology
2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update
3. Executive Summary
4. Market Overview
4.1. Introduction
4.2. Electric Ships Market, by Region
5. Market Insights
5.1. Market Dynamics
5.1.1. Drivers
5.1.1.1. Increasing demand of hybrid and electric propulsion for retrofitting ships
5.1.1.2. Growing maritime tourism industry worldwide
5.1.1.3. Remarkable growth of lithium-ion batteries
5.1.2. Restraints
5.1.2.1. Concern associated with limited range and capacity of complete electric ships
5.1.3. Opportunities
5.1.3.1. Emergence of advanced and innovative high speed electric ships
5.1.3.2. Potential for battery charging through renewable sources of energy
5.1.4. Challenges
5.1.4.1. Lack of charging infrastructure for electric ships
5.2. Market Segmentation Analysis
5.3. Market Trend Analysis
5.4. Cumulative Impact of High Inflation
5.5. Porter’s Five Forces Analysis
5.5.1. Threat of New Entrants
5.5.2. Threat of Substitutes
5.5.3. Bargaining Power of Customers
5.5.4. Bargaining Power of Suppliers
5.5.5. Industry Rivalry
5.6. Value Chain & Critical Path Analysis
5.7. Regulatory Framework
6. Electric Ships Market, by Type
6.1. Introduction
6.2. Fully Electric
6.3. Hybrid
7. Electric Ships Market, by System
7.1. Introduction
7.2. Energy Storage Systems
7.3. Power Conversion
7.4. Power Distribution
7.5. Power Generation
8. Electric Ships Market, by Mode of Operation
8.1. Introduction
8.2. Autonomous
8.3. Manned
8.4. Remotely Operated
9. Electric Ships Market, by Ship Type
9.1. Introduction
9.2. Commercial
9.3. Defense
10. Electric Ships Market, by Power
10.1. Introduction
10.2. 151-745KW
10.3. 746-7,560KW
10.4. 75-150KW
10.5.<75KW
10.6. >7,560KW
11. Electric Ships Market, by End-Use
11.1. Introduction
11.2. New Build & Line fit
11.3. Retrofit
12. Americas Electric Ships Market
12.1. Introduction
12.2. Argentina
12.3. Brazil
12.4. Canada
12.5. Mexico
12.6. United States
13. Asia-Pacific Electric Ships Market
13.1. Introduction
13.2. Australia
13.3. China
13.4. India
13.5. Indonesia
13.6. Japan
13.7. Malaysia
13.8. Philippines
13.9. Singapore
13.10. South Korea
13.11. Taiwan
13.12. Thailand
13.13. Vietnam
14. Europe, Middle East & Africa Electric Ships Market
14.1. Introduction
14.2. Denmark
14.3. Egypt
14.4. Finland
14.5. France
14.6. Germany
14.7. Israel
14.8. Italy
14.9. Netherlands
14.10. Nigeria
14.11. Norway
14.12. Poland
14.13. Qatar
14.14. Russia
14.15. Saudi Arabia
14.16. South Africa
14.17. Spain
14.18. Sweden
14.19. Switzerland
14.20. Turkey
14.21. United Arab Emirates
14.22. United Kingdom
15. Competitive Landscape
15.1. FPNV Positioning Matrix
15.2. Market Share Analysis, By Key Player
15.3. Competitive Scenario Analysis, By Key Player
15.3.1. Merger & Acquisition
15.3.1.1. Sitronics Group Acquired 50% of Russian Company Emperium Producing Ships with Electric Propulsion.
15.3.2. Agreement, Collaboration, & Partnership
15.3.2.1. Engineers to Develop New Electric-Hydrogen Ships.
15.3.2.2. PG&E and Angel Island Ferry Partner to Launch California's First Zero-Emission, Electric Short-Run Ferry.
15.3.2.3. Cosco Orders All-Electric Feeder Vessels to Carry Boxes on the Yangtze.
15.3.3. New Product Launch & Enhancement
15.3.3.1. COSCO launches China Electric Ship Innovation Alliance.
15.3.4. Investment & Funding
15.3.4.1. ADB Finances Electric Ferries in Thailand — First in Southeast Asia
15.3.4.2. Mitsubishi invests in Marindows to promote electric propulsion and ship digitalisation
15.3.4.3. Ferry raises $4M in seed funding to make electric vehicles more accessible to US drivers and catalyze the digitization of the automotive industry
15.3.5. Award, Recognition, & Expansion
15.3.5.1. Shell launches its first electric ferry at Singapore plant
16. Competitive Portfolio
16.1. Key Company Profiles
16.1.1. Anglo Belgian Corporation NV
16.1.2. Baumüller Nürnberg GmbH
16.1.3. Cavotec SA
16.1.4. Craig Catamaran Corporation
16.1.5. Damen Shipyards Group
16.1.6. Duffy Electric Boat Company
16.1.7. Echandia Marine AB
16.1.8. Electric Ship Facilities B.V.
16.1.9. General Dynamics Company
16.1.10. General Electric Company
16.1.11. ICE Group
16.1.12. Kongsberg Gruppen
16.1.13. Leclanché SA
16.1.14. Mitsubishi Corp.
16.1.15. Navalt Inc.
16.1.16. SCHOTTEL GmbH
16.1.17. Shell plc
16.1.18. Siemens AG
16.1.19. Speedgoat GmbH
16.1.20. Toshiba Corporation
16.1.21. Wärtsilä Corporation
16.2. Key Product Portfolio
17. Appendix
17.1. Discussion Guide
17.2. License & Pricing
FIGURE 1. ELECTRIC SHIPS MARKET RESEARCH PROCESS
FIGURE 2. ELECTRIC SHIPS MARKET SIZE, 2023 VS 2030
FIGURE 3. ELECTRIC SHIPS MARKET SIZE, 2018-2030 (USD MILLION)
FIGURE 4. ELECTRIC SHIPS MARKET SIZE, BY REGION, 2023 VS 2030 (%)
FIGURE 5. ELECTRIC SHIPS MARKET SIZE, BY REGION, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 6. ELECTRIC SHIPS MARKET DYNAMICS
FIGURE 7. ELECTRIC SHIPS MARKET SIZE, BY TYPE, 2023 VS 2030 (%)
FIGURE 8. ELECTRIC SHIPS MARKET SIZE, BY TYPE, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 9. ELECTRIC SHIPS MARKET SIZE, BY SYSTEM, 2023 VS 2030 (%)
FIGURE 10. ELECTRIC SHIPS MARKET SIZE, BY SYSTEM, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 11. ELECTRIC SHIPS MARKET SIZE, BY MODE OF OPERATION, 2023 VS 2030 (%)
FIGURE 12. ELECTRIC SHIPS MARKET SIZE, BY MODE OF OPERATION, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 13. ELECTRIC SHIPS MARKET SIZE, BY SHIP TYPE, 2023 VS 2030 (%)
FIGURE 14. ELECTRIC SHIPS MARKET SIZE, BY SHIP TYPE, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 15. ELECTRIC SHIPS MARKET SIZE, BY POWER, 2023 VS 2030 (%)
FIGURE 16. ELECTRIC SHIPS MARKET SIZE, BY POWER, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 17. ELECTRIC SHIPS MARKET SIZE, BY END-USE, 2023 VS 2030 (%)
FIGURE 18. ELECTRIC SHIPS MARKET SIZE, BY END-USE, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 19. AMERICAS ELECTRIC SHIPS MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
FIGURE 20. AMERICAS ELECTRIC SHIPS MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 21. UNITED STATES ELECTRIC SHIPS MARKET SIZE, BY STATE, 2023 VS 2030 (%)
FIGURE 22. UNITED STATES ELECTRIC SHIPS MARKET SIZE, BY STATE, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 23. ASIA-PACIFIC ELECTRIC SHIPS MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
FIGURE 24. ASIA-PACIFIC ELECTRIC SHIPS MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 25. EUROPE, MIDDLE EAST & AFRICA ELECTRIC SHIPS MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
FIGURE 26. EUROPE, MIDDLE EAST & AFRICA ELECTRIC SHIPS MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 27. ELECTRIC SHIPS MARKET, FPNV POSITIONING MATRIX, 2023
FIGURE 28. ELECTRIC SHIPS MARKET SHARE, BY KEY PLAYER, 2023

Pricing

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