Global Electrical Systems in Ships Market 2025 by Company, Regions, Type and Application, Forecast to 2031

According to our (Global Info Research) latest study, the global Electrical Systems in Ships market size was valued at US$ 9236 million in 2024 and is forecast to a readjusted size of USD 16450 million by 2031 with a CAGR of 8.7% during review period.

The electrical onboard ships can be divided into several specific systems: Power Conversion Equipment, Onboard Power Distribution, Electrical Propulsion System, Complete Onboard Electrical Systems. All the electrical equipment onboard ships are similar to land however, they are upgraded to withstand the rigorous atmosphere of the sea and moving ship to withstand humid surroundings, high temperatures, salty and corrosive atmosphere, vibration, etc.

Global key players of electrical system in ships include Wartsila, ABB, Siemens, GE, Rolls-Royce, etc. The top five players hold a share over 55%. Asia-Pacific is the largest market, has a share about 78%, followed by Europe and North America, with share 11% and 8%, separately. In terms of product type, Complete Onboard Electrical Systems is the largest segment, occupied for a share of 49%, and in terms of application, Bulk Carrier has a share about 28 percent.

This report is a detailed and comprehensive analysis for global Electrical Systems in Ships 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 Electrical Systems in Ships market size and forecasts, in consumption value ($ Million), 2020-2031

Global Electrical Systems in Ships market size and forecasts by region and country, in consumption value ($ Million), 2020-2031

Global Electrical Systems in Ships market size and forecasts, by Type and by Application, in consumption value ($ Million), 2020-2031

Global Electrical Systems in Ships 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 Electrical Systems in Ships

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 Electrical Systems in Ships 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 Wartsila, ABB, GE, Man, Siemens, Rolls-Royce, DAIHATSU DIESEL MFG, Yanmar, Leonardo DRS, Ingeteam Marine, etc.

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

Market segmentation

Electrical Systems in Ships 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
Generator System
Main Switchboard System
Emergency Switchboard System
Distribution System
Electrical Propulsion System

Market segment by Application
Military Ship
Marine Work Ship
Transport Ship
Others

Market segment by players, this report covers
Wartsila
ABB
GE
Man
Siemens
Rolls-Royce
DAIHATSU DIESEL MFG
Yanmar
Leonardo DRS
Ingeteam Marine
Qingdao Zhenhai Marine
Jiangsu Hiscaler Electric
Source-auto

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 Electrical Systems in Ships product scope, market overview, market estimation caveats and base year.

Chapter 2, to profile the top players of Electrical Systems in Ships, with revenue, gross margin, and global market share of Electrical Systems in Ships from 2020 to 2025.

Chapter 3, the Electrical Systems in Ships 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 Electrical Systems in Ships 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 Electrical Systems in Ships.

Chapter 13, to describe Electrical Systems in Ships research findings and conclusion.