Global Electrical System in Ships Market Growth (Status and Outlook) 2023-2029
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.
LPI (LP Information)' newest research report, the “Electrical System in Ships Industry Forecast” looks at past sales and reviews total world Electrical System in Ships sales in 2022, providing a comprehensive analysis by region and market sector of projected Electrical System in Ships sales for 2023 through 2029. With Electrical System in Ships sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Electrical System in Ships industry.
This Insight Report provides a comprehensive analysis of the global Electrical System in Ships landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Electrical System in Ships portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Electrical System in Ships market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Electrical System in Ships and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Electrical System in Ships.
The global Electrical System in Ships market size is projected to grow from US$ 7375 million in 2022 to US$ 13640 million in 2029; it is expected to grow at a CAGR of 9.2% from 2023 to 2029.
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 presents a comprehensive overview, market shares, and growth opportunities of Electrical System in Ships market by product type, application, key players and key regions and countries.
Market Segmentation:
Segmentation by type
Complete Onboard Electrical Systems
Onboard Power Distribution
Electrical Propulsion System
Power Conversion Equipment
Segmentation by application
Bulk Carrier
Container Ship
Oil Tanker
Ferry
Cruise Ship
Offshore Vessel
Chemical Tanker
Military Vessel
AUV
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Wartsila
ABB
Siemens
GE
Rolls-Royce
Daihatsu Diesel Mfg
MAN Energy Solutions
Yanmar
Leonardo DRS
Ingeteam Marine
Please note: The report will take approximately 2 business days to prepare and deliver.
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