
Wind-Assisted Propulsion Market - A Global and Regional Analysis: Focus on Application, Technology, Installation Type, Vessel Type, and Region - Analysis and Forecast, 2023-2032
Description
Wind-Assisted Propulsion Market - A Global and Regional Analysis: Focus on Application, Technology, Installation Type, Vessel Type, and Region - Analysis and Forecast, 2023-2032
Wind-Assisted Propulsion Market: Industry Overview
Wind-assisted propulsion is classified within energy efficiency indices as an energy harvesting technology, given its utilization of wind to directly augment thrust. Nevertheless, operational costs remain subject to weather-related uncertainties. However, the advantages of sailing can be amplified through the application of weather routing algorithms, which can chart optimal routes tailored to specific vessels. Nonetheless, the widespread adoption of wind-assisted propulsion systems (WAPSs) faces several hurdles, including the imperative need for reliable and efficient technologies capable of functioning effectively across diverse environmental conditions.
While there is a prospect for wind propulsion systems to become more cost-effective in the future, these presently represent substantial investments. The absence of a standardized approach to designing, constructing, and integrating wind-assisted propulsion systems on board vessels makes it challenging to attain the economies of scale and consistent production required to reduce costs. Wind-assisted propulsion systems is expected to boom over the next decade as it acts as a substitute to fuel types such as green methanol, biofuels, green hydrogen and others.
Market Lifecycle Stage
The wind-assisted propulsion is in its initial stage of commercialization, while some of the technologies, such as hull form, are in their developing stage. The ecosystem of the wind-assisted propulsion market comprises wind-assisted propulsion manufacturers, technology providers, ship-building companies, and shipowners. The market is still developing, with Europe at the forefront, followed by other regions such as Asia-Pacific and Japan, China, Rest-of-the-World, North America, and the U.K.
Industrial Impact
Sea shipping is a cornerstone of global trade and the primary mode for transporting goods across the world. However, the maritime industry has long been recognized as a significant contributor to greenhouse gas (GHG) emissions, largely due to the use of fossil fuels for propulsion. In light of the urgent need to combat climate change and reduce carbon emissions, the maritime sector is experiencing a profound transformation. Wind energy, harnessed through innovative technologies such as kite propulsion systems and other wind-assisted solutions, is poised to play a pivotal role in helping the marine shipping industry achieve its ambitious goals for GHG emission reduction. By tapping into the inexhaustible and clean power of the wind, the maritime sector can significantly enhance its sustainability and reduce its carbon footprint. This transition aligns with global efforts to create a more environmentally responsible and sustainable future, making wind energy a crucial ally in the journey toward greener and more efficient maritime transportation.
Market Segmentation:
Segmentation 1: by Application
Cargo Ships
Tankers
Car Carriers/Ro-Ro Vessels
Container Ships
General Cargo Vessels
Passenger Ships
Fishing Vessels
Bulk Carriers
Wind-assisted propulsion is expected to have a high penetration in cargo ships, among other applications, over the forecast period 2023-2032, owing to the increased initiatives by the maritime industry related to decarbonization.
Segmentation 2: by Technology
Towing Kites
Sails
Soft-Wing Sails
Hard-Wing Sails
Flettner Rotors
Suction Wings
Others
Based on technology, the wind-assisted propulsion market is estimated to be led by the sails segment during the forecast period of 2023-2032.
Segmentation 3: by Installation Type
Retrofit
New Installation
Based on installation type, the wind-assisted propulsion market was led by the retrofit segment in 2022.
Segmentation 4: by Vessel Type
Wind-Assisted Motor Vessels
Purely Wind Vessels
Based on vessel type, the wind-assisted propulsion market is estimated to be led by the wind-assisted motor vessels segment during the forecast period of 2023-2032.
Segmentation 5: by Region
North America
Europe - Germany, Greece, France, Norway, Finland, and Rest-of-Europe
China
U.K.
Asia-Pacific and Japan - Japan, South Korea, Singapore, and Rest-of-Asia-Pacific and Japan
Rest-of-the-World
In the global wind-assisted propulsion market, Asia-Pacific and Japan and Europe are anticipated to gain traction in terms of wind-assisted propulsion production, owing to the increased need for decarbonization in the regions.
Recent Developments in the Wind-Assisted Propulsion Market
In May 2022, Econowind and Vertom jointly announced their partnership to equip multiple vessels with wind-assist VentoFoil units by the end of 2022. The initial installations would take place on the general cargo vessels MV Progress and MV Perfect, marking the first fleet order for Econowind.
In April 2021, BAR Technologies and Yara Marine Technologies entered into an exclusive agreement to collaborate on the design and deployment of wind-assisted propulsion systems for the worldwide shipping sector. Utilizing solid wing sails, this innovative solution is expected to provide the shipping industry with potential fuel efficiency savings of up to 30%.
In June 2021, Alfa Laval and Wallenius revealed their plan to establish a new joint venture with a 50/50 ownership structure. This joint venture, named AlfaWall Oceanbird, would be dedicated to advancing and implementing technology for entirely wind-powered vessel propulsion.
In September 2023, Airbus plans to install new fuel-saving sails for its maritime operations. The company intends to outfit one of its vessels, which it uses for transporting aircraft subassemblies, and is chartered from shipowner Louis Dreyfus Armateurs, with wind-assisted propulsion technology. This technology harnesses wind energy to generate thrust, resulting in significant fuel consumption and CO2 emission savings.
Demand - Drivers and Limitations
The following are the demand drivers for the wind-assisted propulsion market:
Increasing Need for Reducing GHG Emissions
Rise in Sea Trade
The market is expected to face some limitations due to the following challenges:
High Installation Cost of Wind-Assisted Propulsion Systems
Technical Challenges Resisting the Adoption of Wind-Assisted Propulsion
How can this report add value to an organization?
Product/Innovation Strategy: The product segment helps the reader understand the different technologies, installation types, and vessel types involved in the wind-assisted propulsion market. The technology segment has been segmented into towing kites, sails (soft-wing sails, hard-wing sails), flettner rotors, suction wings, and others. The installation type segment has been segmented into retrofit and new installation. The vessel type segment has been segmented into wind-assisted motor vessels and purely wind vessels. Moreover, the study provides the reader with a detailed understanding of the wind-assisted propulsion market based on application, including cargo ships (tankers, car carriers/ro-ro vessels, container ships, general cargo vessels), passenger ships, fishing vessels, and bulk carriers. The increasing adoption of wind-assisted propulsion in bulk carriers and cargo ships is expected to fuel market growth in the future.
Growth/Marketing Strategy: The wind-assisted propulsion market has seen major development by key players operating in the market, such as business expansions, partnerships, collaborations, mergers and acquisitions, and joint ventures. The favored strategy for the companies has been business partnerships to strengthen their position in the wind-assisted propulsion market. For instance, in April 2021, BAR Technologies and Yara Marine Technologies entered into an exclusive agreement to collaborate on the design and deployment of wind-assisted propulsion systems for the worldwide shipping sector. Utilizing solid wing sails, this innovative solution is expected to provide the shipping industry with potential fuel efficiency savings of up to 30%.
Competitive Strategy: Key players in the wind-assisted propulsion market analyzed and profiled in the study involve wind-assisted propulsion manufacturers and the overall ecosystem. Moreover, a detailed competitive benchmarking of the players operating in the wind-assisted propulsion market has been done to help the reader understand how players stack against each other, presenting a clear market landscape. Additionally, comprehensive competitive strategies such as partnerships, agreements, acquisitions, and collaborations will aid the reader in understanding the untapped revenue pockets in the market.
Key Market Players and Competition Synopsis
Wind-assisted propulsion technologies are increasingly garnering recognition within the maritime sector as a strategy to curtail fuel consumption and emissions. These innovative systems leverage wind power to bolster a vessel's propulsion through the generation of aerodynamic forces. These systems hold the promise of substantially enhancing the efficiency of shipping operations and playing a substantial role in the industry's transition to a more sustainable, decarbonized future. Wind, as an abundant, renewable, and emissions-free energy source, offers an invaluable opportunity for progress. Various pioneering sailing technology concepts have either been developed or are currently in the development stage. These encompass sails (hard-wing and soft-wing sails), flettner rotors, suction wings, and towing kites, among others. In 2022, sails led the global wind-assisted propulsion market and are further expected to gain traction over the forecast period with increased installations.
Some of the prominent producers of wind-assisted propulsion are:
Company Type 1 (by Technology): Towing Kites
SkySails Marine
Company Type 2 (by Technology): Hard-Wing Sails
Eco Marine Power Co. Ltd.
GT Green Technologies
OCEANBIRD
Mitsui O.S.K. Lines
Company Type 3 (by Technology): Soft-Wing Sails
Omer Wing-Sail
WingSails Co.
Company Type 4 (by Technology): Flettner Rotors
Anemoi Marine Technologies Ltd.
Norsepower
Company Type 5 (by Technology): Suction Wings
Econowind
bound4blue
Company Type 6 (by Technology): Others
Bar Technologies
Various other players are involved in the market as well, which has been covered in different sections of the report.
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Table of Contents
204 Pages
- 1 Markets
- 1.1 Industry Outlook
- 1.1.1 Trends: Current and Future
- 1.1.1.1 Technological Innovations in Shipping Industry
- 1.1.1.2 Increasing Investment in Wind-Assisted Propulsion
- 1.1.2 Supply Chain Analysis
- 1.1.3 Ecosystem of Wind-Assisted Propulsion Market
- 1.1.3.1 Consortiums and Associations
- 1.1.3.2 Regulatory/Certification Bodies
- 1.1.3.3 Government Programs
- 1.1.3.4 Programs by Research Institutions and Universities
- 1.1.4 Economic Impact of Wind-Assisted Propulsion
- 1.2 Business Dynamics
- 1.2.1 Business Drivers
- 1.2.1.1 Increasing Need for Reducing GHG Emissions
- 1.2.1.2 Rise in Sea Trade
- 1.2.2 Business Challenges
- 1.2.2.1 High Installation Cost of Wind-Assisted Propulsion Systems
- 1.2.2.2 Technical Challenges Resisting the Adoption of Wind-Assisted Propulsion
- 1.2.3 Business Strategies
- 1.2.3.1 Product and Market Developments
- 1.2.4 Corporate Strategies
- 1.2.4.1 Mergers and Acquisitions, Partnerships, and Joint Ventures
- 1.2.5 Business Opportunities
- 1.2.5.1 Increasing Preference for Environmental-Friendly Shipping Services
- 1.2.5.2 Offsetting High Cost of Fossil and Green Fuels
- 1.3 Start-Up Landscape
- 1.3.1 Key Start-Ups in the Ecosystem
- 2 Application
- 2.1 Global Wind-Assisted Propulsion Market (Applications and Specifications)
- 2.1.1 Global Wind-Assisted Propulsion Market (by Application)
- 2.1.1.1 Cargo Ships
- 2.1.1.1.1 Tankers
- 2.1.1.1.2 Car Carriers/RO-RO Vessels
- 2.1.1.1.3 Container Ships
- 2.1.1.1.4 General Cargo Vessels
- 2.1.1.2 Bulk Carriers
- 2.1.1.3 Passenger Ships
- 2.1.1.4 Fishing Vessels
- 2.2 Demand Analysis of Wind-Assisted Propulsion Market (by Application), Volume and Value Data
- 3 Products
- 3.1 Global Wind-Assisted Propulsion Market (Technology and Specifications)
- 3.1.1 Global Wind-Assisted Propulsion Market (by Technology)
- 3.1.1.1 Towing Kites
- 3.1.1.2 Sails
- 3.1.1.2.1 Soft-Wing Sails
- 3.1.1.2.2 Hard-Wing Sails
- 3.1.1.3 Flettner Rotors
- 3.1.1.4 Suction Wings
- 3.1.1.5 Others
- 3.2 Demand Analysis of Wind-Assisted Propulsion Market (by Technology), Volume and Value Data
- 3.3 Global Wind-Assisted Propulsion Market (Installation Type and Specifications)
- 3.3.1 Global Wind-Assisted Propulsion Market (by Installation Type)
- 3.3.1.1 Retrofit
- 3.3.1.2 New Installation
- 3.4 Demand Analysis of Wind-Assisted Propulsion Market (by Installation Type), Volume and Value Data
- 3.5 Global Wind-Assisted Propulsion Market (Vessel Type and Specifications)
- 3.5.1 Global Wind-Assisted Propulsion Market (by Vessel Type)
- 3.5.1.1 Wind-Assisted Motor Vessels
- 3.5.1.2 Purely Wind Vessels
- 3.6 Demand Analysis of Wind-Assisted Propulsion Market (by Vessel Type), Volume and Value Data
- 3.7 Wind-Assisted Propulsion Technology and its Role in Greening the Maritime Industry
- 3.8 Patent Analysis
- 3.8.1 Patent Analysis (by Status)
- 3.9 Average Pricing Analysis: Global and Regional Level, Wind-Assisted Propulsion Systems
- 4 Regions
- 4.1 North America
- 4.1.1 Market
- 4.1.1.1 Key Producers and Suppliers in North America
- 4.1.1.2 Business Drivers
- 4.1.1.3 Business Challenges
- 4.1.2 Application
- 4.1.2.1 North America Wind-Assisted Propulsion Market (by Application), Volume and Value Data
- 4.1.3 Product
- 4.1.3.1 North America Wind-Assisted Propulsion Market (by Technology), Volume and Value Data
- 4.1.3.2 North America Wind-Assisted Propulsion Market (by Installation Type), Volume and Value Data
- 4.1.3.3 North America Wind-Assisted Propulsion Market (by Vessel Type), Volume and Value Data
- 4.2 Europe
- 4.2.1 Market
- 4.2.1.1 Key Producers and Suppliers in Europe
- 4.2.1.2 Business Drivers
- 4.2.1.3 Business Challenges
- 4.2.2 Application
- 4.2.2.1 Europe Wind-Assisted Propulsion Market (by Application), Volume and Value Data
- 4.2.3 Product
- 4.2.3.1 Europe Wind-Assisted Propulsion Market (by Technology), Volume and Value Data
- 4.2.3.2 Europe Wind-Assisted Propulsion Market (by Installation Type), Volume and Value Data
- 4.2.3.3 Europe Wind-Assisted Propulsion Market (by Vessel Type), Volume and Value Data
- 4.2.4 Europe (by Country)
- 4.2.4.1 Germany
- 4.2.4.1.1 Market
- 4.2.4.1.2 Application
- 4.2.4.1.2.1 Germany Wind-Assisted Propulsion Market (by Application), Volume and Value Data
- 4.2.4.1.3 Product
- 4.2.4.1.3.1 Germany Wind-Assisted Propulsion Market (by Technology), Volume and Value Data
- 4.2.4.1.3.2 Germany Wind-Assisted Propulsion Market (by Installation Type), Volume and Value Data
- 4.2.4.1.3.3 Germany Wind-Assisted Propulsion Market (by Vessel Type), Volume and Value Data
- 4.2.4.2 Greece
- 4.2.4.2.1 Market
- 4.2.4.2.2 Application
- 4.2.4.2.2.1 Greece Wind-Assisted Propulsion Market (by Application), Volume and Value Data
- 4.2.4.2.3 Product
- 4.2.4.2.3.1 Greece Wind-Assisted Propulsion Market (by Technology), Volume and Value Data
- 4.2.4.2.3.2 Greece Wind-Assisted Propulsion Market (by Installation Type), Volume and Value Data
- 4.2.4.2.3.3 Greece Wind-Assisted Propulsion Market (by Vessel Type), Volume and Value Data
- 4.2.4.3 Norway
- 4.2.4.3.1 Market
- 4.2.4.3.2 Application
- 4.2.4.3.2.1 Norway Wind-Assisted Propulsion Market (by Application), Volume and Value Data
- 4.2.4.3.3 Product
- 4.2.4.3.3.1 Norway Wind-Assisted Propulsion Market (by Technology), Volume and Value Data
- 4.2.4.3.3.2 Norway Wind-Assisted Propulsion Market (by Installation Type), Volume and Value Data
- 4.2.4.3.3.3 Norway Wind-Assisted Propulsion Market (by Vessel Type), Volume and Value Data
- 4.2.4.4 France
- 4.2.4.4.1 Market
- 4.2.4.4.2 Application
- 4.2.4.4.2.1 France Wind-Assisted Propulsion Market (by Application), Volume and Value Data
- 4.2.4.4.3 Product
- 4.2.4.4.3.1 France Wind-Assisted Propulsion Market (by Technology), Volume and Value Data
- 4.2.4.4.3.2 France Wind-Assisted Propulsion Market (by Installation Type), Volume and Value Data
- 4.2.4.4.3.3 France Wind-Assisted Propulsion Market (by Vessel Type), Volume and Value Data
- 4.2.4.5 Finland
- 4.2.4.5.1 Market
- 4.2.4.5.2 Application
- 4.2.4.5.2.1 Finland Wind-Assisted Propulsion Market (by Application), Volume and Value Data
- 4.2.4.5.3 Product
- 4.2.4.5.3.1 Finland Wind-Assisted Propulsion Market (by Technology), Volume and Value Data
- 4.2.4.5.3.2 Finland Wind-Assisted Propulsion Market (by Installation Type), Volume and Value Data
- 4.2.4.5.3.3 Finland Wind-Assisted Propulsion Market (by Vessel Type), Volume and Value Data
- 4.2.4.6 Rest-of-Europe
- 4.2.4.6.1 Market
- 4.2.4.6.2 Application
- 4.2.4.6.2.1 Rest-of-Europe Wind-Assisted Propulsion Market (by Application), Volume and Value Data
- 4.2.4.6.3 Product
- 4.2.4.6.3.1 Rest-of-Europe Wind-Assisted Propulsion Market (by Technology), Volume and Value Data
- 4.2.4.6.3.2 Rest-of-Europe Wind-Assisted Propulsion Market (by Installation Type), Volume and Value Data
- 4.2.4.6.3.3 Rest-of-Europe Wind-Assisted Propulsion Market (by Vessel Type), Volume and Value Data
- 4.3 U.K.
- 4.3.1 Market
- 4.3.1.1 Key Producers and Suppliers in the U.K.
- 4.3.1.2 Business Drivers
- 4.3.1.3 Business Challenges
- 4.3.2 Application
- 4.3.2.1 U.K. Wind-Assisted Propulsion Market (by Application), Volume and Value Data
- 4.3.3 Product
- 4.3.3.1 U.K. Wind-Assisted Propulsion Market (by Technology), Volume and Value Data
- 4.3.3.2 U.K. Wind-Assisted Propulsion Market (by Installation Type), Volume and Value Data
- 4.3.3.3 U.K. Wind-Assisted Propulsion Market (by Vessel Type), Volume and Value Data
- 4.4 China
- 4.4.1 Market
- 4.4.1.1 Key Producers and Suppliers in China
- 4.4.1.2 Business Drivers
- 4.4.1.3 Business Challenges
- 4.4.2 Application
- 4.4.2.1 China Wind-Assisted Propulsion Market (by Application), Volume and Value Data
- 4.4.3 Product
- 4.4.3.1 China Wind-Assisted Propulsion Market (by Technology), Volume and Value Data
- 4.4.3.2 China Wind-Assisted Propulsion Market (by Installation Type), Volume and Value Data
- 4.4.3.3 China Wind-Assisted Propulsion Market (by Vessel Type), Volume and Value Data
- 4.5 Asia-Pacific and Japan
- 4.5.1 Market
- 4.5.1.1 Key Producers and Suppliers in Asia-Pacific and Japan
- 4.5.1.2 Business Drivers
- 4.5.1.3 Business Challenges
- 4.5.2 Application
- 4.5.2.1 Asia-Pacific and Japan Wind-Assisted Propulsion Market (by Application), Volume and Value Data
- 4.5.3 Product
- 4.5.3.1 Asia-Pacific and Japan Wind-Assisted Propulsion Market (by Technology), Volume and Value Data
- 4.5.3.2 Asia-Pacific and Japan Wind-Assisted Propulsion Market (by Installation Type), Volume and Value Data
- 4.5.3.3 Asia-Pacific and Japan Wind-Assisted Propulsion Market (by Vessel Type), Volume and Value Data
- 4.5.4 Asia-Pacific and Japan (by Country)
- 4.5.4.1 Japan
- 4.5.4.1.1 Market
- 4.5.4.1.2 Application
- 4.5.4.1.2.1 Japan Wind-Assisted Propulsion Market (by Application), Volume and Value Data
- 4.5.4.1.3 Product
- 4.5.4.1.3.1 Japan Wind-Assisted Propulsion Market (by Technology), Volume and Value Data
- 4.5.4.1.3.2 Japan Wind-assisted Propulsion Market (by Installation Type), Volume and Value Data
- 4.5.4.1.3.3 Japan Wind-Assisted Propulsion Market (by Vessel Type), Volume and Value Data
- 4.5.4.2 South Korea
- 4.5.4.2.1 Market
- 4.5.4.2.2 Application
- 4.5.4.2.2.1 South Korea Wind-Assisted Propulsion Market (by Application), Volume and Value Data
- 4.5.4.2.3 Product
- 4.5.4.2.3.1 South Korea Wind-Assisted Propulsion Market (by Technology), Volume and Value Data
- 4.5.4.2.3.2 South Korea Wind-Assisted Propulsion Market (by Installation Type), Volume and Value Data
- 4.5.4.2.3.3 South Korea Wind-Assisted Propulsion Market (by Vessel Type), Volume and Value Data
- 4.5.4.3 Singapore
- 4.5.4.3.1 Market
- 4.5.4.3.2 Application
- 4.5.4.3.2.1 Singapore Wind-Assisted Propulsion Market (by Application), Volume and Value Data
- 4.5.4.3.3 Product
- 4.5.4.3.3.1 Singapore Wind-Assisted Propulsion Market (by Technology), Volume and Value Data
- 4.5.4.3.3.2 Singapore Wind-Assisted Propulsion Market (by Installation Type), Volume and Value Data
- 4.5.4.3.3.3 Singapore Wind-Assisted Propulsion Market (by Vessel Type), Volume and Value Data
- 4.5.4.4 Rest-of-Asia-Pacific and Japan
- 4.5.4.4.1 Market
- 4.5.4.4.2 Application
- 4.5.4.4.2.1 Rest-of-Asia-Pacific and Japan Wind-Assisted Propulsion Market (by Application), Volume and Value Data
- 4.5.4.4.3 Product
- 4.5.4.4.3.1 Rest-of-Asia-Pacific and Japan Wind-Assisted Propulsion Market (by Technology), Volume and Value Data
- 4.5.4.4.3.2 Rest-of-Asia-Pacific and Japan Wind-Assisted Propulsion Market (by Installation Type), Volume and Value Data
- 4.5.4.4.3.3 Rest-of-Asia-Pacific and Japan Wind-Assisted Propulsion Market (by Vessel Type), Volume and Value Data
- 4.6 Rest-of-the-World
- 4.6.1 Market
- 4.6.1.1 Key Producers and Suppliers in Rest-of-the-World
- 4.6.1.2 Business Drivers
- 4.6.1.3 Business Challenges
- 4.6.2 Application
- 4.6.2.1 Rest-of-the-World Wind-Assisted Propulsion Market (by Application), Volume and Value Data
- 4.6.3 Product
- 4.6.3.1 Rest-of-the-World Wind-Assisted Propulsion Market (by Technology), Volume and Value Data
- 4.6.3.2 Rest-of-the-World Wind-Assisted Propulsion Market (by Installation Type), Volume and Value Data
- 4.6.3.3 Rest-of-the-World Wind-Assisted Propulsion Market (by Vessel Type), Volume and Value Data
- 5 Markets - Competitive Benchmarking & Company Profiles
- 5.1 Competitive Benchmarking
- 5.1.1 Competitive Position Matrix
- 5.1.2 Product Matrix of Key Companies (by Technology)
- 5.1.3 Market Share Analysis of Key Companies, 2022
- 5.2 Company Profiles
- 5.2.1 Norsepower
- 5.2.1.1 Company Overview
- 5.2.1.1.1 Role of Norsepower in the Wind-Assisted Propulsion Market
- 5.2.1.1.2 Product Portfolio
- 5.2.1.2 Analyst View
- 5.2.2 bound4blue
- 5.2.2.1 Company Overview
- 5.2.2.1.1 Role of bound4blue in the Wind-Assisted Propulsion Market
- 5.2.2.1.2 Product Portfolio
- 5.2.2.2 Business Strategies
- 5.2.2.2.1 Market Developments and Product Developments
- 5.2.2.3 Corporate Strategies
- 5.2.2.3.1 Mergers and Acquisitions, Collaborations, Partnerships, and Joint Ventures
- 5.2.2.4 Analyst View
- 5.2.3 Eco Marine Power Co. Ltd.
- 5.2.3.1 Company Overview
- 5.2.3.1.1 Role of Eco Marine Power Co. Ltd. in the Wind-Assisted Propulsion Market
- 5.2.3.1.2 Product Portfolio
- 5.2.3.2 Business Strategies
- 5.2.3.2.1 Market Developments and Product Developments
- 5.2.3.3 Corporate Strategies
- 5.2.3.3.1 Mergers and Acquisitions, Collaborations, Partnerships, and Joint Ventures
- 5.2.3.4 Analyst View
- 5.2.4 Econowind
- 5.2.4.1 Company Overview
- 5.2.4.1.1 Role of Econowind in the Wind-Assisted Propulsion Market
- 5.2.4.1.2 Product Portfolio
- 5.2.4.2 Analyst View
- 5.2.5 Anemoi Marine Technologies Ltd.
- 5.2.5.1 Company Overview
- 5.2.5.1.1 Role of Anemoi Marine Technologies Ltd. in the Wind-Assisted Propulsion Market
- 5.2.5.1.2 Product Portfolio
- 5.2.5.2 Business Strategies
- 5.2.5.2.1 Market Developments and Product Developments
- 5.2.5.3 Corporate Strategies
- 5.2.5.3.1 Mergers and Acquisitions, Partnerships, Collaborations, and Joint Ventures
- 5.2.5.4 Analyst View
- 5.2.6 Airseas
- 5.2.6.1 Company Overview
- 5.2.6.1.1 Role of Airseas in the Wind-Assisted Propulsion Market
- 5.2.6.1.2 Product Portfolio
- 5.2.6.2 Business Strategies
- 5.2.6.2.1 Market Developments and Product Developments
- 5.2.6.3 Corporate Strategies
- 5.2.6.3.1 Mergers and Acquisitions, Partnerships, Collaborations, and Joint Ventures
- 5.2.6.4 Analyst View
- 5.2.7 GT Green Technologies
- 5.2.7.1 Company Overview
- 5.2.7.1.1 Role of GT Green Technologies in the Wind-Assisted Propulsion Market
- 5.2.7.2 Product Portfolio
- 5.2.7.3 Business Strategies
- 5.2.7.3.1 Product Developments and Market Developments
- 5.2.7.4 Corporate Strategies
- 5.2.7.4.1 Mergers and Acquisitions, Partnerships, Collaborations, and Joint Ventures
- 5.2.7.5 Analyst View
- 5.2.8 DNV GL
- 5.2.8.1 Company Overview
- 5.2.8.1.1 Role of DNV GL in the Wind-Assisted Propulsion Market
- 5.2.8.1.2 Product Portfolio
- 5.2.8.2 Analyst View
- 5.2.9 Mitsui O.S.K. Lines
- 5.2.9.1 Company Overview
- 5.2.9.1.1 Role of Mitsui O.S.K. Lines in the Wind-Assisted Propulsion Market
- 5.2.9.1.2 Product Portfolio
- 5.2.9.2 Analyst View
- 5.2.10 OCEANBIRD
- 5.2.10.1 Company Overview
- 5.2.10.2 Role of OCEANBIRD in the Global Wind-Assisted Propulsion Market
- 5.2.10.2.1 Product Portfolio
- 5.2.10.3 Corporate Strategies
- 5.2.10.3.1 Mergers and Acquisitions, Partnerships, Collaboration, and Joint Venture
- 5.2.10.4 Analyst View
- 5.2.11 Becker Marine Systems
- 5.2.11.1 Company Overview
- 5.2.11.2 Role of Becker Marine Systems in the Global Wind-Assisted Propulsion Market
- 5.2.11.2.1 Product Portfolio
- 5.2.11.3 Analyst View
- 5.2.12 Propelwind S.A.S.
- 5.2.12.1 Company Overview
- 5.2.12.2 Role of Propelwind S.A.S. in the Global Wind-Assisted Propulsion Market
- 5.2.12.2.1 Product Portfolio
- 5.2.12.3 Analyst View
- 5.2.13 NayamWings Ltd.
- 5.2.13.1 Company Overview
- 5.2.13.2 Role of NayamWings Ltd. in the Global Wind-Assisted Propulsion Market
- 5.2.13.2.1 Product Portfolio
- 5.2.13.3 Analyst View
- 5.2.14 Aloft Systems Inc.
- 5.2.14.1 Company Overview
- 5.2.14.2 Role of Aloft Systems Inc. in the Global Wind-Assisted Propulsion Market
- 5.2.14.2.1 Product Portfolio
- 5.2.14.3 Business Strategies
- 5.2.14.3.1 Product Developments and Market Developments
- 5.2.14.4 Corporate Strategies
- 5.2.14.4.1 Mergers and Acquisitions, Partnerships, Collaborations, and Joint Ventures
- 5.2.14.5 Analyst View
- 5.2.15 SkySails Marine
- 5.2.15.1 Company Overview
- 5.2.15.2 Role of SkySails Marine in the Global Wind-Assisted Propulsion Market
- 5.2.15.2.1 Product Portfolio
- 5.2.15.3 Analyst View
- 6 Research Methodology
- 6.1 Primary Data Sources
- 6.2 BIS Data Soursces
- 6.2.1 Research Methodology
- 6.2.2 Factors for Data Prediction and Modelling
- 6.3 Assumptions and Limitations
- List of Figures
- Figure 1: Global Wind-Assisted Propulsion Market, $Million, 2022, 2023, and 2032
- Figure 2: Global Wind-Assisted Propulsion Market (by Application), $Million, 2027 and 2032
- Figure 3: Global Wind-Assisted Propulsion Market (by Technology), $Million, 2024 and 2032
- Figure 4: Global Wind-Assisted Propulsion Market (by Installation Type), $Million, 2023 and 2032
- Figure 5: Global Wind-Assisted Propulsion Market (by Vessel Type), $Million, 2023 and 2032
- Figure 6: Global Wind-Assisted Propulsion Market (by Region), $Million, 2024 and 2032
- Figure 7: Global Wind-Assisted Propulsion Market Coverage
- Figure 8: Supply Chain Analysis of the Wind-Assisted Propulsion Market
- Figure 9: Wind Propulsion Savings with Increased Fuel Prices
- Figure 10: Sales in Ocean-Based Industries, 2018
- Figure 11: Patent Analysis (by Year), January 2019-December 2022
- Figure 12: Patent Analysis (by Status), January 2019-December 2022
- Figure 13: Research Methodology
- Figure 14: Top-Down and Bottom-Up Approach
- Figure 15: Wind-Assisted Propulsion Market: Influencing Factors
- Figure 16: Assumptions and Limitations
- List of Tables
- Table 1: Consortiums and Associations
- Table 2: Regulatory/Certification Bodies
- Table 3: List of Government Programs for the Wind-Assisted Propulsion Market
- Table 4: List of Programs by Research Institutions and Universities
- Table 5: Key Product and Market Developments
- Table 6: Key Mergers and Acquisitions, Partnerships, and Joint Ventures
- Table 7: Global Wind-Assisted Propulsion Market (by Application), Units Installed, 2022-2032
- Table 8: Global Wind-Assisted Propulsion Market (by Application), $Million, 2022-2032
- Table 9: Global Wind-Assisted Propulsion Market (by Technology), Units Installed, 2022-2032
- Table 10: Global Wind-Assisted Propulsion Market (by Technology), $Million, 2022-2032
- Table 11: Global Wind-Assisted Propulsion Market (by Installation Type), Units Installed, 2022-2032
- Table 12: Global Wind-Assisted Propulsion Market (by Installation Type), $Million, 2022-2032
- Table 13: Global Wind-Assisted Propulsion Market (by Vessel Type), Units Installed, 2022-2032
- Table 14: Global Wind-Assisted Propulsion Market (by Vessel Type), $Million, 2022-2032
- Table 15: Average Global and Regional Level Pricing Analysis, Wind-Assisted Propulsion Systems, $Thousand/Unit, 2022-2032
- Table 16: Global Wind-Assisted Propulsion Market (by Region), Units Installed, 2022-2032
- Table 17: Global Wind-Assisted Propulsion Market (by Region), $Million, 2022-2032
- Table 18: North America Wind-Assisted Propulsion Market (by Application), Units Installed, 2022-2032
- Table 19: North America Wind-Assisted Propulsion Market (by Application), $Million, 2022-2032
- Table 20: North America Wind-Assisted Propulsion Market (by Technology), Units Installed, 2022-2032
- Table 21: North America Wind-Assisted Propulsion Market (by Technology), $Million, 2022-2032
- Table 22: North America Wind-Assisted Propulsion Market (by Installation Type), Units Installed, 2022-2032
- Table 23: North America Wind-Assisted Propulsion Market (by Installation Type), $Million, 2022-2032
- Table 24: North America Wind-Assisted Propulsion Market (by Vessel Type), Units Installed, 2022-2032
- Table 25: North America Wind-Assisted Propulsion Market (by Vessel Type), $Million, 2022-2032
- Table 26: Europe Wind-Assisted Propulsion Market (by Application), Units Installed, 2022-2032
- Table 27: Europe Wind-Assisted Propulsion Market (by Application), $Million, 2022-2032
- Table 28: Europe Wind-Assisted Propulsion Market (by Technology), Units Installed, 2022-2032
- Table 29: Europe Wind-Assisted Propulsion Market (by Technology), $Million, 2022-2032
- Table 30: Europe Wind-Assisted Propulsion Market (by Installation Type), Units Installed, 2022-2032
- Table 31: Europe Wind-Assisted Propulsion Market (by Installation Type), $Million, 2022-2032
- Table 32: Europe Wind-Assisted Propulsion Market (by Vessel Type), Units Installed, 2022-2032
- Table 33: Europe Wind-Assisted Propulsion Market (by Vessel Type), $Million, 2022-2032
- Table 34: Germany Wind-Assisted Propulsion Market (by Application), Units Installed, 2022-2032
- Table 35: Germany Wind-Assisted Propulsion Market (by Application), $Million, 2022-2032
- Table 36: Germany Wind-Assisted Propulsion Market (by Technology), Units Installed, 2022-2032
- Table 37: Germany Wind-Assisted Propulsion Market (by Technology), $Million, 2022-2032
- Table 38: Germany Wind-Assisted Propulsion Market (by Installation Type), Units Installed, 2022-2032
- Table 39: Germany Wind-Assisted Propulsion Market (by Installation Type), $Million, 2022-2032
- Table 40: Germany Wind-Assisted Propulsion Market (by Vessel Type), Units Installed, 2022-2032
- Table 41: Germany Wind-Assisted Propulsion Market (by Vessel Type), $Million, 2022-2032
- Table 42: Greece Wind-Assisted Propulsion Market (by Application), Units Installed, 2022-2032
- Table 43: Greece Wind-Assisted Propulsion Market (by Application), $Million, 2022-2032
- Table 44: Greece Wind-Assisted Propulsion Market (by Technology), Units Installed, 2022-2032
- Table 45: Greece Wind-Assisted Propulsion Market (by Technology), $Million, 2022-2032
- Table 46: Greece Wind-Assisted Propulsion Market (by Installation Type), Units Installed, 2022-2032
- Table 47: Greece Wind-Assisted Propulsion Market (by Installation Type), $Million, 2022-2032
- Table 48: Greece Wind-Assisted Propulsion Market (by Vessel Type), Units Installed, 2022-2032
- Table 49: Greece Wind-Assisted Propulsion Market (by Vessel Type), $Million, 2022-2032
- Table 50: Norway Wind-Assisted Propulsion Market (by Application), Units Installed, 2022-2032
- Table 51: Norway Wind-Assisted Propulsion Market (by Application), $Million, 2022-2032
- Table 52: Norway Wind-Assisted Propulsion Market (by Technology), Units Installed, 2022-2032
- Table 53: Norway Wind-Assisted Propulsion Market (by Technology), $Million, 2022-2032
- Table 54: Norway Wind-Assisted Propulsion Market (by Installation Type), Units Installed, 2022-2032
- Table 55: Norway Wind-Assisted Propulsion Market (by Installation Type), $Million, 2022-2032
- Table 56: Norway Wind-Assisted Propulsion Market (by Vessel Type), Units Installed, 2022-2032
- Table 57: Norway Wind-Assisted Propulsion Market (by Vessel Type), $Million, 2022-2032
- Table 58: France Wind-Assisted Propulsion Market (by Application), Units Installed, 2022-2032
- Table 59: France Wind-Assisted Propulsion Market (by Application), $Million, 2022-2032
- Table 60: France Wind-Assisted Propulsion Market (by Technology), Units Installed, 2022-2032
- Table 61: France Wind-Assisted Propulsion Market (by Technology), $Million, 2022-2032
- Table 62: France Wind-Assisted Propulsion Market (by Installation Type), Units Installed, 2022-2032
- Table 63: France Wind-Assisted Propulsion Market (by Installation Type), $Million, 2022-2032
- Table 64: France Wind-Assisted Propulsion Market (by Vessel Type), Units Installed, 2022-2032
- Table 65: France Wind-Assisted Propulsion Market (by Vessel Type), $Million, 2022-2032
- Table 66: Finland Wind-Assisted Propulsion Market (by Application), Units Installed, 2022-2032
- Table 67: Finland Wind-Assisted Propulsion Market (by Application), $Million, 2022-2032
- Table 68: Finland Wind-Assisted Propulsion Market (by Technology), Units Installed, 2022-2032
- Table 69: Finland Wind-Assisted Propulsion Market (by Technology), $Million, 2022-2032
- Table 70: Finland Wind-Assisted Propulsion Market (by Installation Type), Units Installed, 2022-2032
- Table 71: Finland Wind-Assisted Propulsion Market (by Installation Type), $Million, 2022-2032
- Table 72: Finland Wind-Assisted Propulsion Market (by Vessel Type), Units Installed, 2022-2032
- Table 73: Finland Wind-Assisted Propulsion Market (by Vessel Type), $Million, 2022-2032
- Table 74: Rest-of-Europe Wind-Assisted Propulsion Market (by Application), Units Installed, 2022-2032
- Table 75: Rest-of-Europe Wind-Assisted Propulsion Market (by Application), $Million, 2022-2032
- Table 76: Rest-of-Europe Wind-Assisted Propulsion Market (by Technology), Units Installed, 2022-2032
- Table 77: Rest-of-Europe Wind-Assisted Propulsion Market (by Technology), $Million, 2022-2032
- Table 78: Rest-of-Europe Wind-Assisted Propulsion Market (by Installation Type), Units Installed, 2022-2032
- Table 79: Rest-of-Europe Wind-Assisted Propulsion Market (by Installation Type), $Million, 2022-2032
- Table 80: Rest-of-Europe Wind-Assisted Propulsion Market (by Vessel Type), Units Installed, 2022-2032
- Table 81: Rest-of-Europe Wind-Assisted Propulsion Market (by Vessel Type), $Million, 2022-2032
- Table 82: U.K. Wind-Assisted Propulsion Market (by Application), Units Installed, 2022-2032
- Table 83: U.K. Wind-Assisted Propulsion Market (by Application), $Million, 2022-2032
- Table 84: U.K. Wind-Assisted Propulsion Market (by Technology), Units Installed, 2022-2032
- Table 85: U.K. Wind-Assisted Propulsion Market (by Technology), $Million, 2022-2032
- Table 86: U.K. Wind-Assisted Propulsion Market (by Installation Type), Units Installed, 2022-2032
- Table 87: U.K. Wind-Assisted Propulsion Market (by Installation Type), $Million, 2022-2032
- Table 88: U.K. Wind-Assisted Propulsion Market (by Vessel Type), Units Installed, 2022-2032
- Table 89: U.K. Wind-Assisted Propulsion Market (by Vessel Type), $Million, 2022-2032
- Table 90: China Wind-Assisted Propulsion Market (by Application), Units Installed, 2022-2032
- Table 91: China Wind-Assisted Propulsion Market (by Application), $Million, 2022-2032
- Table 92: China Wind-Assisted Propulsion Market (by Technology), Units Installed, 2022-2032
- Table 93: China Wind-Assisted Propulsion Market (by Technology), $Million, 2022-2032
- Table 94: China Wind-Assisted Propulsion Market (by Installation Type), Units Installed, 2022-2032
- Table 95: China Wind-Assisted Propulsion Market (by Installation Type), $Million, 2022-2032
- Table 96: China Wind-Assisted Propulsion Market (by Vessel Type), Units Installed, 2022-2032
- Table 97: China Wind-Assisted Propulsion Market (by Vessel Type), $Million, 2022-2032
- Table 98: Asia-Pacific and Japan Wind-Assisted Propulsion Market (by Application), Units Installed, 2022-2032
- Table 99: Asia-Pacific and Japan Wind-Assisted Propulsion Market (by Application), $Million, 2022-2032
- Table 100: Asia-Pacific and Japan Wind-Assisted Propulsion Market (by Technology), Units Installed, 2022-2032
- Table 101: Asia-Pacific and Japan Wind-Assisted Propulsion Market (by Technology), $Million, 2022-2032
- Table 102: Asia-Pacific and Japan Wind-Assisted Propulsion Market (by Installation Type), Units Installed, 2022-2032
- Table 103: Asia-Pacific and Japan Wind-Assisted Propulsion Market (by Installation Type), $Million, 2022-2032
- Table 104: Asia-Pacific and Japan Wind-Assisted Propulsion Market (by Vessel Type), Units Installed, 2022-2032
- Table 105: Asia-Pacific and Japan Wind-Assisted Propulsion Market (by Vessel Type), $Million, 2022-2032
- Table 106: Japan Wind-Assisted Propulsion Market (by Application), Units Installed, 2022-2032
- Table 107: Japan Wind-Assisted Propulsion Market (by Application), $Million, 2022-2032
- Table 108: Japan Wind-Assisted Propulsion Market (by Technology), Units Installed, 2022-2032
- Table 109: Japan Wind-Assisted Propulsion Market (by Technology), $Million, 2022-2032
- Table 110: Japan Wind-Assisted Propulsion Market (by Installation Type), Units Installed, 2022-2032
- Table 111: Japan Wind-Assisted Propulsion Market (by Installation Type), $Million, 2022-2032
- Table 112: Japan Wind-Assisted Propulsion Market (by Vessel Type), Units Installed, 2022-2032
- Table 113: Japan Wind-Assisted Propulsion Market (by Vessel Type), $Million, 2022-2032
- Table 114: South Korea Wind-Assisted Propulsion Market (by Application), Units Installed, 2022-2032
- Table 115: South Korea Wind-Assisted Propulsion Market (by Application), $Million, 2022-2032
- Table 116: South Korea Wind-Assisted Propulsion Market (by Technology), Units Installed, 2022-2032
- Table 117: South Korea Wind-Assisted Propulsion Market (by Technology), $Million, 2022-2032
- Table 118: South Korea Wind-Assisted Propulsion Market (by Installation Type), Units Installed, 2022-2032
- Table 119: South Korea Wind-Assisted Propulsion Market (by Installation Type), $Million, 2022-2032
- Table 120: South Korea Wind-Assisted Propulsion Market (by Vessel Type), Units Installed, 2022-2032
- Table 121: South Korea Wind-Assisted Propulsion Market (by Vessel Type), $Million, 2022-2032
- Table 122: Singapore Wind-Assisted Propulsion Market (by Application), Units Installed, 2022-2032
- Table 123: Singapore Wind-Assisted Propulsion Market (by Application), $Million, 2022-2032
- Table 124: Singapore Wind-Assisted Propulsion Market (by Technology), Units Installed, 2022-2032
- Table 125: Singapore Wind-Assisted Propulsion Market (by Technology), $Million, 2022-2032
- Table 126: Singapore Wind-Assisted Propulsion Market (by Installation Type), Units Installed, 2022-2032
- Table 127: Singapore Wind-Assisted Propulsion Market (by Installation Type), $Million, 2022-2032
- Table 128: Singapore Wind-Assisted Propulsion Market (by Vessel Type), Units Installed, 2022-2032
- Table 129: Singapore Wind-Assisted Propulsion Market (by Vessel Type), $Million, 2022-2032
- Table 130: Rest-of-Asia-Pacific and Japan Wind-Assisted Propulsion Market (by Application), Units Installed, 2022-2032
- Table 131: Rest-of-Asia-Pacific and Japan Wind-Assisted Propulsion Market (by Application), $Million, 2022-2032
- Table 132: Rest-of-Asia-Pacific and Japan Wind-Assisted Propulsion Market (by Technology), Units Installed, 2022-2032
- Table 133: Rest-of-Asia-Pacific and Japan Wind-Assisted Propulsion Market (by Technology), $Million, 2022-2032
- Table 134: Rest-of-Asia-Pacific and Japan Wind-Assisted Propulsion Market (by Installation Type), Units Installed, 2022-2032
- Table 135: Rest-of-Asia-Pacific and Japan Wind-Assisted Propulsion Market (by Installation Type), $Million, 2022-2032
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