Global Vessel Retrofit Market 2025 by Company, Regions, Type and Application, Forecast to 2031

According to our (Global Info Research) latest study, the global Vessel Retrofit market size was valued at US$ 5421 million in 2024 and is forecast to a readjusted size of USD 7142 million by 2031 with a CAGR of 4.0% during review period.

Ship retrofitting is the process of upgrading or modifying an existing vessel with new technology, equipment or systems to improve fuel efficiency, reduce emissions, increase performance or comply with changing environmental regulations.



This report is a detailed and comprehensive analysis for global Vessel Retrofit market. Both quantitative and qualitative analyses are presented by company, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.

Key Features:

Global Vessel Retrofit market size and forecasts, in consumption value ($ Million), 2020-2031

Global Vessel Retrofit market size and forecasts by region and country, in consumption value ($ Million), 2020-2031

Global Vessel Retrofit market size and forecasts, by Type and by Application, in consumption value ($ Million), 2020-2031

Global Vessel Retrofit market shares of main players, in revenue ($ Million), 2020-2025

The Primary Objectives in This Report Are:

To determine the size of the total market opportunity of global and key countries

To assess the growth potential for Vessel Retrofit

To forecast future growth in each product and end-use market

To assess competitive factors affecting the marketplace

This report profiles key players in the global Vessel Retrofit market based on the following parameters - company overview, revenue, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include MITSUBISHI HEAVY INDUSTRIES, LTD., ALFA LAVAL, Kongsberg Maritime, MAN Energy Solutions, ABB Group, Wärtsilä, HD Hyundai Marine Solutions Co., Ltd., YANMAR HOLDINGS Co., Ltd, DNV, Seatrium, etc.

This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.

Market segmentation

Vessel Retrofit market is split by Type and by Application. For the period 2020-2031, the growth among segments provides accurate calculations and forecasts for Consumption Value by Type and by Application. This analysis can help you expand your business by targeting qualified niche markets.

Market segment by Type

Alternative Fuel Retrofits

Energy Efficiency Retrofits

Emission Control Retrofits

Other

Market segment by Application

Commercial Cargo Ships

Passenger Ships

Specialized Vessels

Market segment by players, this report covers

MITSUBISHI HEAVY INDUSTRIES, LTD.

ALFA LAVAL

Kongsberg Maritime

MAN Energy Solutions

ABB Group

Wärtsilä

HD Hyundai Marine Solutions Co., Ltd.

YANMAR HOLDINGS Co., Ltd

DNV

Seatrium

Market segment by regions, regional analysis covers

North America (United States, Canada and Mexico)

Europe (Germany, France, UK, Russia, Italy and Rest of Europe)

Asia-Pacific (China, Japan, South Korea, India, Southeast Asia and Rest of Asia-Pacific)

South America (Brazil, Rest of South America)

Middle East & Africa (Turkey, Saudi Arabia, UAE, Rest of Middle East & Africa)

The content of the study subjects, includes a total of 13 chapters:

Chapter 1, to describe Vessel Retrofit product scope, market overview, market estimation caveats and base year.

Chapter 2, to profile the top players of Vessel Retrofit, with revenue, gross margin, and global market share of Vessel Retrofit from 2020 to 2025.

Chapter 3, the Vessel Retrofit competitive situation, revenue, and global market share of top players are analyzed emphatically by landscape contrast.

Chapter 4 and 5, to segment the market size by Type and by Application, with consumption value and growth rate by Type, by Application, from 2020 to 2031

Chapter 6, 7, 8, 9, and 10, to break the market size data at the country level, with revenue and market share for key countries in the world, from 2020 to 2025.and Vessel Retrofit market forecast, by regions, by Type and by Application, with consumption value, from 2026 to 2031.

Chapter 11, market dynamics, drivers, restraints, trends, Porters Five Forces analysis.

Chapter 12, the key raw materials and key suppliers, and industry chain of Vessel Retrofit.

Chapter 13, to describe Vessel Retrofit research findings and conclusion.