Product Code: A09173
The Electric Ship Market is likely to experience a significant growth rate of 18.0% from 2023-2032 owing to environmental regulations, an increase in demand for high efficiency and less life cycle cost, and a surge in the retrofitting of hybrid systems in ships - Allied Market Research
An energy storage system (ESS) in electric ships refers to a set of technologies and components that store electrical energy to power the vessel's propulsion system and onboard systems. Electric ships utilize ESS to store electricity generated from various sources (such as batteries, fuel cells, or supercapacitors) and release it as needed to drive electric motors for propulsion and other ship functions.
ESS used in electric ships typically have high energy density to store a large amount of energy in a relatively compact space, allowing for extended sailing durations without recharging. Electric ships powered by clean energy ESS contribute to reduced greenhouse gas emissions and air pollution compared to traditional fossil fuel-powered vessels. The maritime industry has shown a growing interest in electric ships and energy storage systems due to stricter environmental regulations and a push toward sustainable transportation solutions. Integrating ESS with renewable energy sources like solar panels or wind turbines is a growing trend, allowing ships to harness clean energy for propulsion and onboard operations.
The power generation system in electric ships refers to the technology and components responsible for generating electrical energy that powers the ship's propulsion system and onboard systems. It encompasses various methods of producing electricity, such as diesel generators, gas turbines, fuel cells, solar panels, and wind turbines, among others.
Electric ships often use a combination of power sources to generate electricity, providing flexibility and redundancy in power generation. Common sources include internal combustion engines, fuel cells, and renewable energy systems. Power generation systems are typically integrated with energy storage systems, allowing excess power to be stored for later use and ensuring continuous power supply during periods of low power generation. The adoption of electric ships with advanced power generation systems is steadily growing due to stricter environmental regulations, increased awareness of climate change, and a global push for sustainable transportation. Hydrogen fuel cells are gaining interest as a promising power generation option for electric ships, offering zero-emission propulsion and higher energy density than batteries. Ports are investing in shore power infrastructure, allowing electric ships to plug into the grid while docked, reducing emissions and noise pollution while at port.
A power storage system in electric ships refers to the technology and components used to store electrical energy generated from various sources and release it as needed to power the vessel's propulsion system and onboard systems. It is similar to the energy storage system mentioned earlier, but the term "power storage" specifically emphasizes the role of storing and delivering electrical power to meet the instantaneous demands of the ship's operations.
Power storage systems in electric ships are designed to deliver high power outputs quickly, enabling rapid acceleration and maneuverability. These systems have rapid response times, allowing them to meet sudden power demands during various operational conditions. Power storage systems offer high-efficiency energy conversion and utilization, reducing energy wastage during power transmission and distribution. Continuous research and development efforts are focused on improving the performance and cost-effectiveness of power storage systems, driving their widespread adoption in the maritime industry. Governments and international organizations are implementing stricter environmental regulations and providing support for sustainable shipping practices, encouraging the adoption of electric ships with power storage systems.
The electric market is segmented on the basis of propulsion type, mode of operation, system, and region. Based on propulsion type, it is segmented into fully electric, and hybrid. On the basis of mode of operation, it is classified into autonomous, and non-autonomous. By system, it is categorized into energy storage, power conversion, power generation, and power distribution. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Some major companies operating in the market include: Leclanche SA, Siemens, Wartsila, ECHANDIA AB, KONGSBERG, ABB, Corvus Energy, HOLLAND SHIPYARDS GROUP, Brodrene Aa, and Norwegian Electric Systems
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the electric ships market analysis from 2022 to 2032 to identify the prevailing electric ships market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the electric ships market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global electric ships market trends, key players, market segments, application areas, and market growth strategies.
Additional benefits you will get with this purchase are:
- Quarterly Update and* (only available with a corporate license, on listed price)
- 5 additional Company Profile of client Choice pre- or Post-purchase, as a free update.
- Free Upcoming Version on the Purchase of Five and Enterprise User License.
- 16 analyst hours of support* (post-purchase, if you find additional data requirements upon review of the report, you may receive support amounting to 16 analyst hours to solve questions, and post-sale queries)
- 15% Free Customization* (in case the scope or segment of the report does not match your requirements, 20% is equivalent to 3 working days of free work, applicable once)
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- Free Industry updates and white papers.
Possible Customization with this report (with additional cost and timeline talk to the sales executive to know more)
- Additional company profiles with specific to client's interest
- Additional country or region analysis- market size and forecast
- Expanded list for Company Profiles
- SWOT Analysis
Key Market Segments
By Propulsion Type
By Mode of Operation
- Autonomous
- Non-autonomous
By System
- Energy Storage
- Power Conversion
- Power Generation
- Power Distribution
By Region
- North America
- Europe
- UK
- Germany
- France
- Russia
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Key Market Players:
- Leclanche SA
- Wartsila
- Corvus Energy
- Norwegian Electric Systems
- Siemens
- ECHANDIA AB
- ABB
- HOLLAND SHIPYARDS GROUP
- Brodrene Aa
- KONGSBERG
TABLE OF CONTENTS
CHAPTER 1: INTRODUCTION
- 1.1. Report description
- 1.2. Key market segments
- 1.3. Key benefits to the stakeholders
- 1.4. Research Methodology
- 1.4.1. Primary research
- 1.4.2. Secondary research
- 1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
- 3.1. Market definition and scope
- 3.2. Key findings
- 3.2.1. Top impacting factors
- 3.2.2. Top investment pockets
- 3.3. Porter's five forces analysis
- 3.3.1. Low bargaining power of suppliers
- 3.3.2. Low threat of new entrants
- 3.3.3. Low threat of substitutes
- 3.3.4. Low intensity of rivalry
- 3.3.5. Low bargaining power of buyers
- 3.4. Market dynamics
- 3.4.1. Drivers
- 3.4.1.1. Stringent environment regulations
- 3.4.1.2. Increase in demand for high efficiency and less life cycle cost
- 3.4.1.3. Surge in the retrofitting of hybrid systems in ships
- 3.4.2. Restraints
- 3.4.2.1. Limited infrastructure and charging facilities
- 3.4.2.2. High initial investment cost
- 3.4.3. Opportunities
- 3.4.3.1. Technological advancements
- 3.4.3.2. Growing popularity of autonomous electric ships
- 3.5. COVID-19 Impact Analysis on the market
CHAPTER 4: ELECTRIC SHIPS MARKET, BY PROPULSION TYPE
- 4.1. Overview
- 4.1.1. Market size and forecast
- 4.2. Fully Electric
- 4.2.1. Key market trends, growth factors and opportunities
- 4.2.2. Market size and forecast, by region
- 4.2.3. Market share analysis by country
- 4.3. Hybrid
- 4.3.1. Key market trends, growth factors and opportunities
- 4.3.2. Market size and forecast, by region
- 4.3.3. Market share analysis by country
CHAPTER 5: ELECTRIC SHIPS MARKET, BY MODE OF OPERATION
- 5.1. Overview
- 5.1.1. Market size and forecast
- 5.2. Autonomous
- 5.2.1. Key market trends, growth factors and opportunities
- 5.2.2. Market size and forecast, by region
- 5.2.3. Market share analysis by country
- 5.3. Non-autonomous
- 5.3.1. Key market trends, growth factors and opportunities
- 5.3.2. Market size and forecast, by region
- 5.3.3. Market share analysis by country
CHAPTER 6: ELECTRIC SHIPS MARKET, BY SYSTEM
- 6.1. Overview
- 6.1.1. Market size and forecast
- 6.2. Energy Storage
- 6.2.1. Key market trends, growth factors and opportunities
- 6.2.2. Market size and forecast, by region
- 6.2.3. Market share analysis by country
- 6.3. Power Conversion
- 6.3.1. Key market trends, growth factors and opportunities
- 6.3.2. Market size and forecast, by region
- 6.3.3. Market share analysis by country
- 6.4. Power Generation
- 6.4.1. Key market trends, growth factors and opportunities
- 6.4.2. Market size and forecast, by region
- 6.4.3. Market share analysis by country
- 6.5. Power Distribution
- 6.5.1. Key market trends, growth factors and opportunities
- 6.5.2. Market size and forecast, by region
- 6.5.3. Market share analysis by country
CHAPTER 7: ELECTRIC SHIPS MARKET, BY REGION
- 7.1. Overview
- 7.1.1. Market size and forecast By Region
- 7.2. North America
- 7.2.1. Key market trends, growth factors and opportunities
- 7.2.2. Market size and forecast, by Propulsion Type
- 7.2.3. Market size and forecast, by Mode of Operation
- 7.2.4. Market size and forecast, by System
- 7.2.5. Market size and forecast, by country
- 7.2.5.1. U.S.
- 7.2.5.1.1. Market size and forecast, by Propulsion Type
- 7.2.5.1.2. Market size and forecast, by Mode of Operation
- 7.2.5.1.3. Market size and forecast, by System
- 7.2.5.2. Canada
- 7.2.5.2.1. Market size and forecast, by Propulsion Type
- 7.2.5.2.2. Market size and forecast, by Mode of Operation
- 7.2.5.2.3. Market size and forecast, by System
- 7.2.5.3. Mexico
- 7.2.5.3.1. Market size and forecast, by Propulsion Type
- 7.2.5.3.2. Market size and forecast, by Mode of Operation
- 7.2.5.3.3. Market size and forecast, by System
- 7.3. Europe
- 7.3.1. Key market trends, growth factors and opportunities
- 7.3.2. Market size and forecast, by Propulsion Type
- 7.3.3. Market size and forecast, by Mode of Operation
- 7.3.4. Market size and forecast, by System
- 7.3.5. Market size and forecast, by country
- 7.3.5.1. UK
- 7.3.5.1.1. Market size and forecast, by Propulsion Type
- 7.3.5.1.2. Market size and forecast, by Mode of Operation
- 7.3.5.1.3. Market size and forecast, by System
- 7.3.5.2. Germany
- 7.3.5.2.1. Market size and forecast, by Propulsion Type
- 7.3.5.2.2. Market size and forecast, by Mode of Operation
- 7.3.5.2.3. Market size and forecast, by System
- 7.3.5.3. France
- 7.3.5.3.1. Market size and forecast, by Propulsion Type
- 7.3.5.3.2. Market size and forecast, by Mode of Operation
- 7.3.5.3.3. Market size and forecast, by System
- 7.3.5.4. Russia
- 7.3.5.4.1. Market size and forecast, by Propulsion Type
- 7.3.5.4.2. Market size and forecast, by Mode of Operation
- 7.3.5.4.3. Market size and forecast, by System
- 7.3.5.5. Rest of Europe
- 7.3.5.5.1. Market size and forecast, by Propulsion Type
- 7.3.5.5.2. Market size and forecast, by Mode of Operation
- 7.3.5.5.3. Market size and forecast, by System
- 7.4. Asia-Pacific
- 7.4.1. Key market trends, growth factors and opportunities
- 7.4.2. Market size and forecast, by Propulsion Type
- 7.4.3. Market size and forecast, by Mode of Operation
- 7.4.4. Market size and forecast, by System
- 7.4.5. Market size and forecast, by country
- 7.4.5.1. China
- 7.4.5.1.1. Market size and forecast, by Propulsion Type
- 7.4.5.1.2. Market size and forecast, by Mode of Operation
- 7.4.5.1.3. Market size and forecast, by System
- 7.4.5.2. Japan
- 7.4.5.2.1. Market size and forecast, by Propulsion Type
- 7.4.5.2.2. Market size and forecast, by Mode of Operation
- 7.4.5.2.3. Market size and forecast, by System
- 7.4.5.3. India
- 7.4.5.3.1. Market size and forecast, by Propulsion Type
- 7.4.5.3.2. Market size and forecast, by Mode of Operation
- 7.4.5.3.3. Market size and forecast, by System
- 7.4.5.4. South Korea
- 7.4.5.4.1. Market size and forecast, by Propulsion Type
- 7.4.5.4.2. Market size and forecast, by Mode of Operation
- 7.4.5.4.3. Market size and forecast, by System
- 7.4.5.5. Rest of Asia-Pacific
- 7.4.5.5.1. Market size and forecast, by Propulsion Type
- 7.4.5.5.2. Market size and forecast, by Mode of Operation
- 7.4.5.5.3. Market size and forecast, by System
- 7.5. LAMEA
- 7.5.1. Key market trends, growth factors and opportunities
- 7.5.2. Market size and forecast, by Propulsion Type
- 7.5.3. Market size and forecast, by Mode of Operation
- 7.5.4. Market size and forecast, by System
- 7.5.5. Market size and forecast, by country
- 7.5.5.1. Latin America
- 7.5.5.1.1. Market size and forecast, by Propulsion Type
- 7.5.5.1.2. Market size and forecast, by Mode of Operation
- 7.5.5.1.3. Market size and forecast, by System
- 7.5.5.2. Middle East
- 7.5.5.2.1. Market size and forecast, by Propulsion Type
- 7.5.5.2.2. Market size and forecast, by Mode of Operation
- 7.5.5.2.3. Market size and forecast, by System
- 7.5.5.3. Africa
- 7.5.5.3.1. Market size and forecast, by Propulsion Type
- 7.5.5.3.2. Market size and forecast, by Mode of Operation
- 7.5.5.3.3. Market size and forecast, by System
CHAPTER 8: COMPETITIVE LANDSCAPE
- 8.1. Introduction
- 8.2. Top winning strategies
- 8.3. Product Mapping of Top 10 Player
- 8.4. Competitive Dashboard
- 8.5. Competitive Heatmap
- 8.6. Top player positioning, 2022
CHAPTER 9: COMPANY PROFILES
- 9.1. Wartsila
- 9.1.1. Company overview
- 9.1.2. Key Executives
- 9.1.3. Company snapshot
- 9.1.4. Operating business segments
- 9.1.5. Product portfolio
- 9.1.6. Business performance
- 9.1.7. Key strategic moves and developments
- 9.2. KONGSBERG
- 9.2.1. Company overview
- 9.2.2. Key Executives
- 9.2.3. Company snapshot
- 9.2.4. Operating business segments
- 9.2.5. Product portfolio
- 9.2.6. Business performance
- 9.2.7. Key strategic moves and developments
- 9.3. Leclanche SA
- 9.3.1. Company overview
- 9.3.2. Key Executives
- 9.3.3. Company snapshot
- 9.3.4. Operating business segments
- 9.3.5. Product portfolio
- 9.3.6. Business performance
- 9.3.7. Key strategic moves and developments
- 9.4. ABB
- 9.4.1. Company overview
- 9.4.2. Key Executives
- 9.4.3. Company snapshot
- 9.4.4. Operating business segments
- 9.4.5. Product portfolio
- 9.4.6. Business performance
- 9.4.7. Key strategic moves and developments
- 9.5. Corvus Energy
- 9.5.1. Company overview
- 9.5.2. Key Executives
- 9.5.3. Company snapshot
- 9.5.4. Operating business segments
- 9.5.5. Product portfolio
- 9.5.6. Business performance
- 9.5.7. Key strategic moves and developments
- 9.6. Siemens
- 9.6.1. Company overview
- 9.6.2. Key Executives
- 9.6.3. Company snapshot
- 9.6.4. Operating business segments
- 9.6.5. Product portfolio
- 9.6.6. Business performance
- 9.7. ECHANDIA AB
- 9.7.1. Company overview
- 9.7.2. Key Executives
- 9.7.3. Company snapshot
- 9.7.4. Operating business segments
- 9.7.5. Product portfolio
- 9.7.6. Key strategic moves and developments
- 9.8. Norwegian Electric Systems
- 9.8.1. Company overview
- 9.8.2. Key Executives
- 9.8.3. Company snapshot
- 9.8.4. Operating business segments
- 9.8.5. Product portfolio
- 9.8.6. Business performance
- 9.9. HOLLAND SHIPYARDS GROUP
- 9.9.1. Company overview
- 9.9.2. Key Executives
- 9.9.3. Company snapshot
- 9.9.4. Operating business segments
- 9.9.5. Product portfolio
- 9.9.6. Key strategic moves and developments
- 9.10. Brodrene Aa
- 9.10.1. Company overview
- 9.10.2. Key Executives
- 9.10.3. Company snapshot
- 9.10.4. Operating business segments
- 9.10.5. Product portfolio
- 9.10.6. Key strategic moves and developments