Electric Ship Market Share, Size, Trends, Industry Analysis Report, By Power Source (Fully Electric, Hybrid); By Vessel (Commercial, Defense, Special); By Power Output; By Autonomy Level; By Region; Segment Forecast, 2024 - 2032

Electric Ship Market Share, Size, Trends, Industry Analysis Report, By Power Source (Fully Electric, Hybrid); By Vessel (Commercial, Defense, Special); By Power Output; By Autonomy Level; By Region; Segment Forecast, 2024 - 2032



The global electric ship market size is expected to reach USD 19.89 billion by 2032 according to a new study by Polaris Market Research. The report “Electric Ship Market Share, Size, Trends, Industry Analysis Report, By Power Source (Fully Electric, Hybrid); By Vessel (Commercial, Defense, Special); By Power Output; By Autonomy Level; By Region; Segment Forecast, 2021 - 2028” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Perceptible factors esteeming the market growth include the increasing rate of adoption of the products with an ever-increasing transportation and logistics companies, the surge in incentives on environment-friendly and fuel-efficient vehicles offered by the government bodies and growing maritime industry due to increasing seaborne trade are the few integral factors accelerating the market growth during the forecasting years.

Based on vessel, the commercial vessels accounted for a maximum stake, owing to its rising government norms and regulations to mandate the adoption of zero-emission vehicles in the marine trade, whereas the defense vessel segment is projected to witness the fastest growth rate in the overall industry. Factors such as the reduced maintenance cost, increased fuel economy, and quiet operation of the system are responsible.

With a surge in government initiative for promoting the adoption of the vehicle since the last few years, the products have witnessed a higher preference over conventional vessels due to no noise pollution and promote environmental safety. According to the government of the United Arab Emirates, by 2020, the central government expected to lessen 15% carbon emissions & a nearly 20% adoption of the products. With the rising rate of electronic vehicles adoption, shipping companies are interested in promoting environmental friendliness and safety; in turn, the adoption of the product is growing at a healthy rate considering the global scenario.

Major Participants such as MAN Energy Solutions SE, Boesch Motorboote AG, ABB, Bureau Veritas, Yara Birkeland, Baltic Workboats AS, Corvus Energy, Duffy Electric Boat, Electrovaya Inc., Kongsberg, Leclanché SA, Wärtsilä, Norwegian Electric Systems AS, Siemens, Triton Submarines, Vard AS, and Canadian Electric Boat Company are some of the key players operating in the global market.

Polaris Market Research has segmented the electric ship market report on the basis of power source, power output, autonomy level, vessel, and region:

Electric Ship, Power Source Outlook (Revenue, USD Billion, 2016 - 2028)

- Battery Ships

- Hybrid

Electric Ship, Power Output Outlook (Revenue, USD Billion, 2016 - 2028)

- <75 kW

- 75-745 kW

- 746-7,560 kW

- >7,560 kW

Electric Ship, Autonomy Level Outlook (Revenue, USD Billion, 2016 - 2028)

- Semi-Autonomous

- Fully Autonomous

Electric Ship, Vessel Type Outlook (Revenue, USD Billion, 2016 - 2028)

- Commercial Vessel

- Defense Vessel

- Special Vessel

Electric Ship, Regional Outlook (Revenue, USD Billion, 2016 - 2028)

- North America

U.S.

Canada

- Europe

France

Germany

UK

Italy

Spain

Netherlands

Austria

- Asia Pacific

China

India

Japan

Malaysia

South Korea

Indonesia

- Latin America

Mexico

Brazil

Argentina

- Middle East & Africa

UAE

Saudi Arabia

Israel

South Africa


1. Introduction
1. Report Description
1. Objectives of the Study
2. Market Scope
3. Assumptions
2. Stakeholders
2. Executive Summary
1. Market Highlights
3. Research Methodology
1. Overview
1. Data Mining
2. Data Sources
1. Primary Sources
2. Secondary Sources
4. Electric Ship Market Insights
1. Electric Ship – Industry Snapshot
2. Electric Ship Market Dynamics
1. Drivers and Opportunities
1. Favorable government push and incentives
2. Use of technology such 5G and AI
2. Restraints and Challenges
1. High cost of operation
3. Porter’s Five Forces Analysis
1. Bargaining Power of Suppliers (Moderate)
2. Threats of New Entrants: (Low)
3. Bargaining Power of Buyers (Moderate)
4. Threat of Substitute (Moderate)
5. Rivalry among existing firms (High)
4. PESTLE Analysis
5. Electric Ship Market Industry trends
6. COVID-19 Impact Analysis
5. Electric Ship Market Assessment by Power Source
1. Key Findings
2. Introduction
1. Global Electric Ship Market, by Power Source, 2016 - 2028 (USD Billion)
3. Fully Electric
1. Global Electric Ship Market, by Fully Electric, by Region, 2016 - 2028 (USD Billion)
4. Hybrid
1. Global Electric Ship Market, by Hybrid, by Region, 2016 - 2028 (USD Billion)
6. Electric Ship Market Assessment by Power Output
1. Key Findings
2. Introduction
1. Global Electric Ship Market, by Power Output, 2016 - 2028 (USD Billion)
3. <75 kW
1. Global Electric Ship Market, by <75 kW, by Region, 2016 - 2028 (USD Billion)
4. 75-745 kW
1. Global Electric Ship Market, by 75-745 kW, by Region, 2016 - 2028 (USD Billion)
5. 746-7,560 kW
1. Global Electric Ship Market, by 746-7,560 kW, by Region, 2016 - 2028 (USD Billion)
6. >7,560 kW
1. Global Electric Ship Market, by >7,560 kW, by Region, 2016 - 2028 (USD Billion)
7. Global Electric Ship Market, by Autonomy Level
1. Key Findings
Introduction
1. Global Electric Ship Market, by Autonomy Level, 2016 - 2028 (USD Billion)
2. Semi-Autonomous
1. Global Electric Ship Market, by Semi-Autonomous, by Region, 2016 - 2028 (USD Billion)
3. Fully Autonomous
1. Global Electric Ship Market, by Fully Autonomous, by Region, 2016 - 2028 (USD Billion)
8. Global Electric Ship Market, by Vessel
1. Key Findings
2. Introduction
1. Global Electric Ship Market, by Vessel, 2016 - 2028 (USD Billion)
3. Commercial Vessel
1. Global Electric Ship Market, By Commercial Vessel, By Region, 2016 - 2028 (USD Billion)
4. Defense Vessel
1. Global Electric Ship Market, by Defense Vessel, by Region, 2016 - 2028 (USD Billion)
5. Special Vessel
1. Global Electric Ship Market, by Special Vessel, by Region, 2016 - 2028 (USD Billion)
9. Electric Ship Market Assessment by Geography
1. Key findings
2. Introduction
1. Electric Ship Market Assessment, By Geography, 2016 - 2028 (USD Billion)
3. Electric Ship Market – North America
1. North America: Electric Ship Market, by Power Source, 2016 - 2028 (USD Billion)
2. North America: Electric Ship Market, by Power Output, 2016 - 2028 (USD Billion)
3. North America: Electric Ship Market, by Autonomy Level, 2016 - 2028 (USD Billion)
4. North America: Electric Ship Market, by Vessel, 2016 - 2028 (USD Billion)
5. Electric Ship Market – U.S.
1. U.S.: Electric Ship Market, by Power Source, 2016 - 2028 (USD Billion)
2. U.S.: Electric Ship Market, by Power Output, 2016 - 2028 (USD Billion)
3. U.S.: Electric Ship Market, by Autonomy Level, 2016 - 2028 (USD Billion)
4. U.S.: Electric Ship Market, by Vessel, 2016 - 2028 (USD Billion)
6. Electric Ship Market – Canada
1. Canada: Electric Ship Market, by Power Source, 2016 - 2028 (USD Billion)
2. Canada.: Electric Ship Market, by Power Output, 2016 - 2028 (USD Billion)
3. Canada: Electric Ship Market, by Autonomy Level, 2016 - 2028 (USD Billion)
4. Canada: Electric Ship Market, by Vessel, 2016 - 2028 (USD Billion)
4. Electric Ship Market – Europe
1. Europe: Electric Ship Market, by Power Source, 2016 - 2028 (USD Billion)
2. Europe.: Electric Ship Market, by Power Output, 2016 - 2028 (USD Billion)
3. Europe: Electric Ship Market, by Autonomy Level, 2016 - 2028 (USD Billion)
4. Europe: Electric Ship Market, by Vessel, 2016 - 2028 (USD Billion)
5. Electric Ship Market – UK
1. UK: Electric Ship Market, by Power Source, 2016 - 2028 (USD Billion)
2. UK.: Electric Ship Market, by Power Output, 2016 - 2028 (USD Billion)
3. UK: Electric Ship Market, by Autonomy Level, 2016 - 2028 (USD Billion)
4. UK: Electric Ship Market, by Vessel, 2016 - 2028 (USD Billion)
6. Electric Ship Market – France
1. France: Electric Ship Market, by Power Source, 2016 - 2028 (USD Billion)
2. France.: Electric Ship Market, by Power Output, 2016 - 2028 (USD Billion)
3. France: Electric Ship Market, by Autonomy Level, 2016 - 2028 (USD Billion)
4. France: Electric Ship Market, by Vessel, 2016 - 2028 (USD Billion)
7. Electric Ship Market – Germany
1. Germany: Electric Ship Market, by Power Source, 2016 - 2028 (USD Billion)
2. Germany.: Electric Ship Market, by Power Output, 2016 - 2028 (USD Billion)
3. Germany: Electric Ship Market, by Autonomy Level, 2016 - 2028 (USD Billion)
4. Germany: Electric Ship Market, by Vessel, 2016 - 2028 (USD Billion)
8. Electric Ship Market – Italy
1. Italy: Electric Ship Market, by Power Source, 2016 - 2028 (USD Billion)
2. Italy.: Electric Ship Market, by Power Output, 2016 - 2028 (USD Billion)
3. Italy: Electric Ship Market, by Autonomy Level, 2016 - 2028 (USD Billion)
4. Italy: Electric Ship Market, by Vessel, 2016 - 2028 (USD Billion)
9. Electric Ship Market – Spain
1. Spain: Electric Ship Market, by Power Source, 2016 - 2028 (USD Billion)
2. Spain.: Electric Ship Market, by Power Output, 2016 - 2028 (USD Billion)
3. Spain: Electric Ship Market, by Autonomy Level, 2016 - 2028 (USD Billion)
4. Spain: Electric Ship Market, by Vessel, 2016 - 2028 (USD Billion)
10. Electric Ship Market – Netherlands
1. Netherlands: Electric Ship Market, by Power Source, 2016 - 2028 (USD Billion)
2. Netherlands.: Electric Ship Market, by Power Output, 2016 - 2028 (USD Billion)
3. Netherlands: Electric Ship Market, by Autonomy Level, 2016 - 2028 (USD Billion)
4. Netherlands: Electric Ship Market, by Vessel, 2016 - 2028 (USD Billion)
11. Electric Ship Market – Austria
1. Austria: Electric Ship Market, by Power Source, 2016 - 2028 (USD Billion)
2. Austria.: Electric Ship Market, by Power Output, 2016 - 2028 (USD Billion)
3. Austria: Electric Ship Market, by Autonomy Level, 2016 - 2028 (USD Billion)
4. Austria: Electric Ship Market, by Vessel, 2016 - 2028 (USD Billion)
5. Electric Ship Market – Asia Pacific
1. Asia Pacific: Electric Ship Market, by Power Source, 2016 - 2028 (USD Billion)
2. Asia Pacific.: Electric Ship Market, by Power Output, 2016 - 2028 (USD Billion)
3. Asia pacific: Electric Ship Market, by Autonomy Level, 2016 - 2028 (USD Billion)
4. Asia pacific: Electric Ship Market, by Vessel, 2016 - 2028 (USD Billion)
5. Electric Ship Market – China
1. China: Electric Ship Market, by Power Source, 2016 - 2028 (USD Billion)
2. China.: Electric Ship Market, by Power Output, 2016 - 2028 (USD Billion)
3. China: Electric Ship Market, by Autonomy Level, 2016 - 2028 (USD Billion)
4. China: Electric Ship Market, by Vessel, 2016 - 2028 (USD Billion)
6. Electric Ship Market – India
1. India: Electric Ship Market, by Power Source, 2016 - 2028 (USD Billion)
2. India.: Electric Ship Market, by Power Output, 2016 - 2028 (USD Billion)
3. India: Electric Ship Market, by Autonomy Level, 2016 - 2028 (USD Billion)
4. India: Electric Ship Market, by Vessel, 2016 - 2028 (USD Billion)
7. Electric Ship Market – Malaysia
1. Malaysia: Electric Ship Market, by Power Source, 2016 - 2028 (USD Billion)
2. Malaysia.: Electric Ship Market, by Power Output, 2016 - 2028 (USD Billion)
3. Malaysia: Electric Ship Market, by Autonomy Level, 2016 - 2028 (USD Billion)
4. Malaysia: Electric Ship Market, by Vessel, 2016 - 2028 (USD Billion)
8. Electric Ship Market – Japan
1. Japan: Electric Ship Market, by Power Source, 2016 - 2028 (USD Billion)
2. Japan.: Electric Ship Market, by Power Output, 2016 - 2028 (USD Billion)
3. Japan: Electric Ship Market, by Autonomy Level, 2016 - 2028 (USD Billion)
4. Japan: Electric Ship Market, by Vessel, 2016 - 2028 (USD Billion)
9. Electric Ship Market – Indonesia
1. Indonesia: Electric Ship Market, by Power Source, 2016 - 2028 (USD Billion)
2. Indonesia.: Electric Ship Market, by Power Output, 2016 - 2028 (USD Billion)
3. Indonesia: Electric Ship Market, by Autonomy Level, 2016 - 2028 (USD Billion)
4. Indonesia: Electric Ship Market, by Vessel, 2016 - 2028 (USD Billion)
10. Electric Ship Market – South Korea
1. South Korea: Electric Ship Market, by Power Source, 2016 - 2028 (USD Billion)
2. South Korea.: Electric Ship Market, by Power Output, 2016 - 2028 (USD Billion)
3. South Korea: Electric Ship Market, by Autonomy Level, 2016 - 2028 (USD Billion)
4. South Korea: Electric Ship Market, by Vessel, 2016 - 2028 (USD Billion)
6. Electric Ship Market – Middle East & Africa
1. Middle East & Africa: Electric Ship Market, by Power Source, 2016 - 2028 (USD Billion)
2. Middle East & Africa.: Electric Ship Market, by Power Output, 2016 - 2028 (USD Billion)
3. Middle East & Africa: Electric Ship Market, by Autonomy Level, 2016 - 2028 (USD Billion)
4. Middle East & Africa: Electric Ship Market, by Vessel, 2016 - 2028 (USD Billion)
5. Electric Ship Market – Saudi Arabia
1. Saudi Arabia: Electric Ship Market, by Power Source, 2016 - 2028 (USD Billion)
2. Saudi Arabia.: Electric Ship Market, by Power Output, 2016 - 2028 (USD Billion)
3. Saudi Arabia: Electric Ship Market, by Autonomy Level, 2016 - 2028 (USD Billion)
4. Saudi Arabia: Electric Ship Market, by Vessel, 2016 - 2028 (USD Billion)
6. Electric Ship Market – UAE
1. UAE: Electric Ship Market, by Power Source, 2016 - 2028 (USD Billion)
2. UAE.: Electric Ship Market, by Power Output, 2016 - 2028 (USD Billion)
3. UAE: Electric Ship Market, by Autonomy Level, 2016 - 2028 (USD Billion)
4. UAE: Electric Ship Market, by Vessel, 2016 - 2028 (USD Billion)
7. Electric Ship Market – Israel
1. Israel: Electric Ship Market, by Power Source, 2016 - 2028 (USD Billion)
2. Israel.: Electric Ship Market, by Power Output, 2016 - 2028 (USD Billion)
3. Israel: Electric Ship Market, by Autonomy Level, 2016 - 2028 (USD Billion)
4. Israel: Electric Ship Market, by Vessel, 2016 - 2028 (USD Billion)
8. Electric Ship Market – South Africa
1. South Africa: Electric Ship Market, by Power Source, 2016 - 2028 (USD Billion)
2. South Africa.: Electric Ship Market, by Power Output, 2016 - 2028 (USD Billion)
3. South Africa: Electric Ship Market, by Autonomy Level, 2016 - 2028 (USD Billion)
4. South Africa: Electric Ship Market, by Vessel, 2016 - 2028 (USD Billion)
7. Electric Ship Market – Latin America
1. Latin America: Electric Ship Market, by Power Source, 2016 - 2028 (USD Billion)
2. Latin America.: Electric Ship Market, by Power Output, 2016 - 2028 (USD Billion)
3. Latin America: Electric Ship Market, by Autonomy Level, 2016 - 2028 (USD Billion)
4. Latin America: Electric Ship Market, by Vessel, 2016 - 2028 (USD Billion)
5. Electric Ship Market – Mexico
1. Mexico: Electric Ship Market, by Power Source, 2016 - 2028 (USD Billion)
2. Mexico.: Electric Ship Market, by Power Output, 2016 - 2028 (USD Billion)
3. Mexico: Electric Ship Market, by Autonomy Level, 2016 - 2028 (USD Billion)
4. Mexico: Electric Ship Market, by Vessel, 2016 - 2028 (USD Billion)
6. Electric Ship Market – Brazil
1. Brazil: Electric Ship Market, by Power Source, 2016 - 2028 (USD Billion)
2. Brazil.: Electric Ship Market, by Power Output, 2016 - 2028 (USD Billion)
3. Brazil: Electric Ship Market, by Autonomy Level, 2016 - 2028 (USD Billion)
4. Brazil: Electric Ship Market, by Vessel, 2016 - 2028 (USD Billion)
7. Electric Ship Market – Argentina
1. Argentina: Electric Ship Market, by Power Source, 2016 - 2028 (USD Billion)
2. Argentina.: Electric Ship Market, by Power Output, 2016 - 2028 (USD Billion)
3. Argentina: Electric Ship Market, by Autonomy Level, 2016 - 2028 (USD Billion)
4. Argentina: Electric Ship Market, by Vessel, 2016 - 2028 (USD Billion)
10. Competitive Landscape
1. Expansion and Acquisition Analysis
1. Expansion
2. Acquisitions
2. Partnerships/Collaborations/Agreements/Exhibitions
11. Company Profiles
1. ABB
1. Company Overview
2. Financial Performance
3. Product Benchmarking
4. Recent Development
2. Baltic Workboats AS
1. Company Overview
2. Financial Performance
3. Product Benchmarking
4. Recent Development
3. Boesch Motorboote AG
1. Company Overview
2. Financial Performance
3. Product Benchmarking
4. Recent Development
4. Bureau Veritas
1. Company Overview
2. Financial Performance
3. Product Benchmarking
4. Recent Development
5. Canadian Electric Boat Company
1. Company Overview
2. Financial Performance
3. Product Benchmarking
4. Recent Development
6. Corvus Energy
1. Company Overview
2. Financial Performance
3. Product Benchmarking
4. Recent Development
7. Duffy Electric Boat
1. Company Overview
2. Financial Performance
3. Product Benchmarking
4. Recent Development
8. Electrovaya Inc.
1. Company Overview
2. Financial Performance
3. Product Benchmarking
4. Recent Development
9. Kongsberg
1. Company Overview
2. Financial Performance
3. Product Benchmarking
4. Recent Development
10. Leclanché SA
1. Company Overview
2. Financial Performance
3. Product Benchmarking
4. Recent Development
11. MAN Energy Solutions SE
1. Company Overview
2. Financial Performance
3. Product Benchmarking
4. Recent Development
12. Norwegian Electric Systems AS
1. Company Overview
2. Financial Performance
3. Product Benchmarking
4. Recent Development
13. Siemens
1. Company Overview
2. Financial Performance
3. Product Benchmarking
4. Recent Development
14. Triton Submarines
1. Company Overview
2. Financial Performance
3. Product Benchmarking
4. Recent Development
15. Vard AS
1. Company Overview
2. Financial Performance
3. Product Benchmarking
4. Recent Development
16. Wärtsilä
1. Company Overview
2. Financial Performance
3. Product Benchmarking
4. Recent Development
17. Yara Birkeland
1. Company Overview
2. Financial Performance
3. Product Benchmarking
4. Recent Development

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