Report Description Table of Contents Industry Report and Statistics (Facts & Figures) - Sales Volume, ASP & Demand Analysis by Technology & Industry Verticals The use of fossil fuels has produced a number of environmental risks over time. The maritime industry contributes to air & water pollution through conventional ship emissions during transportation on oceans, rivers, and seas. Electric ships are emerging as an innovative and sustainable solutions for a greener future. The electric ships market was worth USD 7.2 Billion in 2023, and estimated value in 2025 will be $9.23 billion and it is expected to be worth USD 17.17 billion by 2030, at a 13.2% CAGR during the forecast period. A marine transport or naval vessel that uses electricity as its main source of propulsion is referred to as an electric ship, electrically driven ship, or electric vessel. Electric ships generate thrust and move through the water using electric motors connected to propellers or thrusters rather than conventional fossil fuels like diesel or gasoline. Typically, onboard energy storage technologies, such as batteries or fuel cells, are used to store the electrical energy required to run these motors. Unlike conventional ships, electric ships reduce air and water pollution by producing fewer pollutants, operating at a lower noise level, and contributing to reduced air and water pollution. They are used in ferries, passenger ships, cargo ships, research vessels, and naval fleets, among other marine industries. In response to increasing environmental concerns and stricter regulations, the development and usage of electric ships are expected to rise. This, in turn, will drive innovation in clean and sustainable maritime transportation. The United Nations has established key worldwide targets for net-zero global emissions by 2050 to prevent the worst effects of climate change. The International Maritime Organization of the United Nations, which regulates shipping, announced short-term measures in June 2021 to cut the carbon intensity of all ships by 40% by 2030. Organizations like the European Commission (EC) and the International Maritime Organization (IMO) have implemented policy initiatives in recent years to reduce airborne emissions from the shipping sector, like the International Convention for the Prevention of Pollution from Ships, the establishment of Emission Control Areas (ECAs), and the establishing of sulfur content limitations in marine. Various eco-friendly technologies and practices have been developed and adopted as a result of these policy initiatives. The need for hybrid and fully electric ships, including yachts, ferries, cruise ships, container ships, and cargo ships, is stimulating the growth of the market. The market expansion rate is influenced by the need to reduce carbon emissions, push for zero-emission transportation, and advancements in energy storage technologies such as lithium-ion batteries. As technology advances and the costs of electric ships decrease, the use of electric ships is anticipated to rise in the upcoming years. By 2030, there will be more than 1000 electric ships in service, according to a DNV GL report. Market Drivers (Electrifying the Seas: Factors Driving the Rise of Electric Ship Market) Major factors stimulating the demand for electric ships market is the rising carbon emission and the rising adoption of hybrid and electric propulsion in ships. Carbon emission is one of the major factors stimulating the demand for electric ships market. The shipping sector is known to be a major contributor of pollution and is regularly criticized for its role in the production of greenhouse gases on a global scale. The International Maritime Organization estimates that the transportation industry is responsible for 2-3% of the world's CO2 emissions, which is expected to rise to 17% by 2050. Several shipping firms are beginning to set their own decarbonization targets that surpass the IMO's objective. A.P. Moller - Maersk A/S, one of the biggest shipping firms in the world, has established a goal of achieving zero carbon emissions by 2050. In March, Maersk promised to launch the first carbon-neutral vessel by 2023 and the first vessel with zero carbon emissions by 2030. Going electric in the marine industry can result in a considerable drop in emissions and more environmentally friendly ship operation’s. Electric vessels emit no greenhouse gases, reducing pollution and protecting marine ecosystems. Thus, the rising need to reduce carbon emissions is stimulating the demand for electric ships globally. The advancement of electric propulsion and hybrid or full-electric ships has been fueled by rising environmental concerns, financial considerations related to fuel prices, and operational issues specific to certain applications over the previous ten years. Fossil fuel consumption can be decreased by using battery energy storage systems (BESS), which are appropriate for a wide range of ship applications with various needs. Electric propulsion and hybrid electric ships have been developed for operational, financial, and environmental reasons. The idea of all-electric ships (AES) has recently been introduced due to a number of advantages, including flexibility in the distribution of weight and space, increased degrees of freedom in the design of the power system, longer operating life, improved survivability and maintainability, and overall increased efficiency. However, other types of boats, including ferries, are starting to become interesting applications for electric ships with energy storage. Thus, the rising adoption of hybrid and electric propulsion in ships has accelerated the market growth rate. Restraints (Electric Ships: Charged Up for Change, But Stuck in the Dock (High Costs & No Infrastructure)) Lack of charging infrastructure is a major concern associated with electric ships. Shipbuilders are unable to use the technology due to the lack of charging infrastructure. The use of electric vessels requires the development of a reliable and accessible charging infrastructure, and ports must update their infrastructure globally to encourage the use of this more environmentally friendly technology. The high investment cost is another significant barrier to the adoption of electric ships. Batteries, retrofitting, or new vessel construction are expensive investments. Any ship that is entirely electric costs two to six times more than an equivalent traditional watercraft. Although battery technology has advanced significantly, it is still expensive. In 2022, batteries cost an average of €140 per kWh. Opportunity (Electric Ships Set Sail: Ferries Lead Charge with Greener Batteries and Government Support) The market will develop rapidly in the future due to the rising adoption of electric ferries and hybrid cargo vessels. Between 2019 and 2022, electric ferry orders accounted for 37% of maritime battery capacity deliveries and were the main driver behind the growth of the electric ship sector. Meanwhile, investment like President Biden's 2021 Bipartisan Infrastructure Law in the United States is supporting developments in electric ferry technology. Furthermore, developments in rechargeable battery technology, with batteries growing lighter and more compact, will further stimulate market growth in the coming years. Battery safety has increased under marine conditions, and the technology has also grown more cost-effective for users because electric motors are easier to maintain and charge as compared to internal combustion engines. Charging times have also decreased, with many current batteries capable of charging in under 10 minutes when connected to shore power in port. Electric Ships: A Diverse Market - Unvelling Key Segmentation Trends The market segmentation of electric ships is done on the basis of power, propulsion type, ship type, system, tonnage, and region. By Power 300kW to 600kW 600kW to 1MW 1MW to 2MW By Ship Type Commercial Vessels Passenger Cruise Bulk Carrier & Container ships Others Defense Vessels Aircraft Carrier War Ship Submarines Others By Propulsion Type Hybrid Fully Electric By System Energy Storage Power Conversion Power Generation Power Distribution By Tonnage 500–5,000 DWT 5,001–15,000 DWT >15,000 DWT Exploring the Electric Ship Market by Region North America Canada United States Asia Pacific South Korea China Japan India Australia Rest of APAC Europe France Germany Spain Italy UK Rest of Europe On the basis of power, the 300kW-600kW segment ruled the market with a share of 39.78% in 2022. 90% of the time, when the ship is in port and during routine navigation, the power load is 600 kW; the other 10% is between 300 kW and 500 kW. On the basis of the ship, the commercial vessel segment ruled the market with the largest revenue share of 74.58% in 2022. Many marine industries use electric commercial ships, including fishing boats, passenger ferries, cruise ships, cargo ships, and research vessels. They are beneficial because they significantly cut emissions, boost air and water quality, reduce operating expenses, and increase operational effectiveness. On the basis of propulsion type, the hybrid segment ruled the market with a share of 79.25% in 2022. Hybrid ships are more affordable, environmentally friendly, and produce up to 25% fewer pollutants than comparable diesel-powered vessels. More emphasis has been placed on decarbonizing shipping in recent years, and hybrid vessels can lower emissions by 10% to 30% compared to ships that use standard diesel fuel. This is significant because shipping firms have committed to becoming carbon neutral by 2050, cutting their carbon intensity by at least half. Examples of these companies include BP and Shell. Electric systems and fully electric vessels, which are increasingly more prevalent, were also made possible by hybrid systems. The added benefit of energy-dense fuel and generators with quiet, zero-emission electric power is provided by hybrid propulsion. On the basis of tonnage, the "500–5,000 DWT" segment ruled the market with a share of 41.56% in 2022. The 500-5,000 DWT includes small container vessels as well as roll-on roll-off vessels for wheeled goods. In modern shipping, electric propulsion is increasingly popular for vessels with a DWT of 500 to 5,000 tons due to technological, economic, and environmental factors. In 2022, Europe significantly led the market with a share of 44.89%. Germany ruled the European market with a revenue share of approximately 35.68%. Sweden, Norway, and Finland are major contributors to this expansion since they are promoting the use of electric boats and ships in response to more stringent environmental legislation and emission requirements. In order to encourage the use of low-carbon ship technologies in less developed economies, the European Commission additionally donates €10 million to an EU-IMO energy efficiency project. In order to reduce the drawbacks caused by the region's lack of oil and gas, European nations are moving quickly toward cleaner energy sources. This is a major factor for Europe’s strong position in the market for electric ships worldwide. The promotion of eco-friendly and electric marine mobility by the governments of several European countries, including Sweden, Finland, Norway, and the Netherlands, is anticipated to play a significant role in securing Europe's position as the world's leading market for electric ships. Powering the Future of Shipping: A Look at Leading Electric Ship Manufacturers Kongsberg Leclanché S.A. Wartsila Bureau Veritas Vision Marine Technologies KONGSBERG GRUPPEN Corvus Energy Ltd. Grove Boats SA YaraBirkeland Vision Marine Technologies Inc. Duffy Electric Boat General Dynamics Triton Submarines Electric Systems AS Corvus Energy MAN Energy Solutions Others Electric Ship Market Report Coverage Report Attribute Details Forecast Period 2023 - 2032 Market size value in 2023 USD 4.07 Billion Revenue Forecast in 2032 USD 5.54 Billion Growth rate CAGR of approximately 4.34% Base year for estimation 2021 Historical data 2017 – 2020 Unit USD Billion, CAGR (2023 - 2032) Segmentation By Platform, By Propulsion, By Propulsion Technology, By Components; By Orbit; By End-User Application, By Region By Power 300kW to 600kW, 600kW to 1MW, 1MW to 2MW By Ship Type Commercial Vessels, Passenger Cruise, Bulk Carrier & Container ships, Others, Defense Vessels, Aircraft Carrier, War Ship, Submarines, Others By Propulsion Type Hybrid, Fully Electric0; By System (Energy Storage, Power Conversion, Power Generation, Power Distribution By Tonnage 500–5,000 DWT, 5,001–15,000 DWT, >15,000 DWT By Region Asia Pacific, North America, Europe, LAMEA Country Scope U.S., Canada, France, Germany, U.K., China, Japan, India, South Korea, Mexico, Brazil, U.A.E. etc. Company Usability Profiles Kongsberg , Leclanché S.A., Wartsila, Bureau Veritas, Vision Marine Technologies, KONGSBERG GRUPPEN, Corvus Energy Ltd., Grove Boats SA, YaraBirkeland, Vision Marine Technologies Inc., Duffy Electric Boat, General Dynamics, Triton Submarines, Electric Systems AS, Corvus Energy, MAN Energy Solutions, Others. Pricing and purchase options Avail customized purchase options to meet your exact research needs. How Recent Developments are Revolutionizing Electric Ship Industry In August 2023, the largest battery-powered ship in the world will be equipped with a battery electric propulsion system and waterjets developed by Wärtsilä. It will be the largest battery power pack ever delivered, which will be used in conjunction with eight-waterjet propulsor arrangement. The eight e-motor waterjet propulsion system boasts all the advantages of Wärtsilä's axial flow waterjet technology, including low weight, shallow draft, excellent maneuverability, and low maintenance, making it the most effective option currently on the market for this speed range and type of application. In August 2023, Hurtigruten Norway revealed plans for a solar-panel-covered electric cruise ship with retractable sails to launch by 2030. As renewable energy sources make up 98% of Norway's electrical supply, the final design will run mostly on 60-megawatt batteries that can be recharged with clean energy in port. In April 2023, at its Singapore refinery, Shell Plc launched the world's first electric ferry and pledged to collaborate with the city-state's port administration to reduce ship emissions. The Singapore port authority's requirement mandates that, from 2030, all new harbor vessels operating in its waters must be powered by electricity, biofuels, or net-zero fuels. According to Singapore's Maritime and Port Authority (MPA), Shell Eastern Trading has collaborated with the port authority over a five-year period to create charging infrastructure for electric harbor vessels and carry out research and development for low and zero-carbon fuels. In May 2023, COSCO SHIPPING Heavy Industry is building the second electric containership owned by COSCO SHIPPING Development, 700 TEU. This containership is a significant undertaking for COSCO SHIPPING Development in support of the "carbon peaking and carbon neutrality" campaign for the promotion of environmentally friendly, zero-carbon shipping. The ship is a 10,000 DWT special route river/coastal ship with a molded beam of 23.6 meters, LOA of 119.8 meters, and a planned draft of 5.5 meters. It is powered by portable container-sized batteries. The ship has two main propulsion motors with a combined 900kW, making it the most notable electric container ship in the world. Frequently Asked Question About This Report How big is the electric ship market and what is its projected growth? The electric ships market was worth USD 7.2 Billion in 2023, and estimated value in 2025 will be $9.23 billion and it is expected to be worth USD 17.17 billion by 2030, at a 13.2% CAGR during the forecast period. What are the main challenges facing wider adoption of electric ships? Lack of charging infrastructure is a major concern associated with electric ships. Additionally, the high investment cost is another significant barrier to the adoption of electric ships. What is the future outlook for the electric ship market? The market will develop rapidly in the future due to the rising adoption of electric ferries and hybrid cargo vessels. Between 2019 and 2022, electric ferry orders accounted for 37% of maritime battery capacity deliveries and were the main driver behind the growth of the electric ship sector. Which power type is leading in electric ship market? On the basis of power, the 300kW-600kW segment ruled the market with a share of 39.78% in 2022. Which propulsion type is leading in electric ship market? On the basis of propulsion type, the hybrid segment ruled the market with a share of 79.25% in 2022. Hybrid ships are more affordable, environmentally friendly, and produce up to 25% fewer pollutants than comparable diesel-powered vessels. Which ship type is leading in electric ship market? On the basis of the ship, the commercial vessel segment ruled the market with the largest revenue share of 74.58% in 2022. Many marine industries use electric commercial ships, including fishing boats, passenger ferries, cruise ships, cargo ships, and research vessels. Which is the leading country in electric ship? Europe significantly led the market with a share of 44.89%. Germany ruled the European market with a revenue share of approximately 35.68%. Sweden, Norway, and Finland are major contributors to this expansion since they are promoting the use of electric boats and ships in response to more stringent environmental legislation and emission requirements. What are the key factors driving the growth of the electric ship market? Major factors stimulating the demand for electric ships market is the rising carbon emission and the rising adoption of hybrid and electric propulsion in ships. Sources: https://www.mdpi.com/2571-5577/2/4/34 https://www.comap-control.com/insights/are-hybrid-electric-ships-the-answer-for-a-more-sustainable-marine-industry/ https://www.sciencedirect.com/science/article/abs/pii/S0378779617301980 https://www.cntraveller.in/story/youre-about-to-see-electric-ferries-everywhere-heres-what-to-know/ https://www.mdpi.com/1996-1073/13/6/1380 https://www.cntraveller.in/story/youre-about-to-see-electric-ferries-everywhere-heres-what-to-know/ https://www.energyconnects.com/opinion/features/2022/june/are-hybrid-powered-ships-robust-enough-to-cope-with-increasing-demands-at-sea/ https://www.wartsila.com/insights/article/seven-fascinating-hybrid-ship-trends-that-everyone-needs-to-know-about Table of Contents 1. EXECUTIVE SUMMARY 1.1. Market Attractiveness 1.2. Understanding the Target Customers 1.3. CXO perspective 1.4. Global Electric Ship Market, Historical Market Size & Future Projections Analysis 1.5. Global Electric Ship Market, By Power 1.6. Global Electric Ship Market, By Ship Type 1.7. Global Electric Ship Market, By Propulsion Type 1.8. Global Electric Ship Market, By System 1.9. Global Electric Ship Market, By Tonnage 1.10. Global Electric Ship Market, By Country 2. MARKET SHARE ANALYSIS 2.1. Top 10 Players with Revenue and Volume 2.2. Market Share, 2022 3. VOLUME (FLEET SIZE), BY COUNTRY, FORECAST TILL 2030 3.1. North America (United States, Canada) 3.2. Europe (UK, Germany, France, Netherlands, Italy, Spain, Benelux, Rest of Europe) 3.3. Asia Pacific (China, Japan, South Korea, India, Australia, Rest of APAC) 3.4. Rest of the World 4. ELECTRIC MOTOR TECHNOLOGIES WITHIN THE ELECTRIC SHIP MARKET, DETAILED COMPARISON 4.1. Benefits and Recent Technological Progress in Permanent Magnet Motors for Electric Ships 4.2. Benefits and Recent Technological Progress in Switched Reluctance and Copper Rotor Induction Motors for Electric Ships 4.3. Benefits and Recent Technological Progress in Brushless DC Motors for Electric Ships 5. GOVERNMENT POLICIES & EMISSION REGULATIONS IMPACTING THE ELECTRIC SHIP MARKET 5.1. The International Maritime Organization (IMO): Ensuring Safe Shipping and Environmental Protection on a Global Scale 5.2. IMO's Greenhouse Gas Reduction Initiatives: EEXI and CII for Enhanced Energy Efficiency 5.3. Diesel Ship Emissions: Impact of Nitrogen Oxides (NOx) and Sulphur Oxides (SOx) on the Environment 5.4. Transitioning Toward Clean Energy in Emission Policies 6. INVESTMENT OPPORTUNITIES IN THE MARKET 6.1. On Going Market Developments 6.2. Merger & Acquisition Trends 6.3. Key Investment Opportunities 6.4. Most Potential Product Segments from Growth and Investment Perspective 7. MARKET INTRODUCTION 7.1. Definition 7.2. Scope of the Study 7.3. Market Structure 7.4. Macro Factor Indicator Analysis 7.5. Key findings 7.5.1. Top investment pockets 8. RESEARCH METHODOLOGY 8.1. Research Process 8.2. Primary Research 8.3. Secondary Research 8.4. Market Size Estimation 8.5. Forecast Model 9. MARKET DYNAMICS 9.1. Introduction 9.2. Drivers 9.3. Restraints 9.4. Opportunities 9.5. Challenges 10.1. Overview 10.2. Global Electric Ship Historical Market size ($MILLION), Sales Volume, (2017 – 2021) 10.3. Global Electric Ship Market size ($MILLION), Sales Volume, and Forecasts (2022 – 2027) 10.4. Global Electric Ship Market size ($MILLION), Sales Volume, and Forecasts (2022 – 2027), By Power 10.4.1. 300kW to 600kW 10.4.2. 600kW to 1MW 10.4.3. 1MW to 2MW 10.5. Global Electric Ship Market size ($MILLION), Sales Volume, and Forecasts (2022 – 2027), By Ship Type 10.5.1. Commercial Vessels 10.5.1.1. Passenger Cruise 10.5.1.2. Bulk Carrier & Container ships 10.5.1.3. Others 10.5.2. Defense Vessels 10.5.2.1. Aircraft Carrier 10.5.2.2. War Ship 10.5.2.3. Submarines 10.5.2.4. Others 10.6. Global Electric Ship Market size ($MILLION), Sales Volume, and Forecasts (2022 – 2027), By Propulsion Type 10.6.1. Hybrid 10.6.2. Fully Electric 10. GLOBAL ELECTRIC SHIP MARKET ANALYSIS BY SEGMENT (COUNTRY LEVEL ANALYSIS) 10.7. Global Electric Ship Market size ($MILLION), Sales Volume, and Forecasts (2022 – 2027), By System 10.7.1. Energy Storage 10.7.2. Power Conversion 10.7.3. Power Generation 10.7.4. Power Distribution 10.8. Global Electric Ship Market size ($MILLION), Sales Volume, and Forecasts (2022 – 2027), By Tonnage 10.8.1. 500–5,000 DWT 10.8.2. 5,001–15,000 DWT 10.8.3. >15,000 DWT 10.9. Global Electric Ship Market size ($MILLION), Sales Volume, and Forecasts (2022 – 2027), By Geography 10.9.1. North America 10.9.2. Asia Pacific 10.9.3. Europe 10.9.4. Rest of the World 11.1. Overview 11.2. North America Electric Ship Historical Market size ($MILLION), Sales Volume, (2017 – 2021) 11.3. North America Electric Ship Market size ($MILLION), Sales Volume and Forecasts (2022 – 2027) 11.4. North America Electric Ship Market size ($MILLION), Sales Volume, and Forecasts (2022 – 2027), By Power 11.4.1. 300kW to 600kW 11.4.2. 600kW to 1MW 11.4.3. 1MW to 2MW 11.5. North America Electric Ship Market size ($MILLION), Sales Volume, and Forecasts (2022 – 2027), By Ship Type 11.5.1. Commercial Vessels 11.5.1.1. Passenger Cruise 11. NORTH AMERICA ELECTRIC SHIP MARKET ANALYSIS 11.5.1.2. Bulk Carrier & Container ships 11.5.1.3. Others 11.5.2. Defense Vessels 11.5.2.1. Aircraft Carrier 11.5.2.2. War Ship 11.5.2.3. Submarines 11.5.2.4. Others 11.6. North America Electric Ship Market size ($MILLION), Sales Volume, and Forecasts (2022 – 2027), By Propulsion Type 11.6.1. Hybrid 11.6.2. Fully Electric 11.7. North America Electric Ship Market size ($MILLION), Sales Volume, and Forecasts (2022 – 2027), By System 11.7.1. Energy Storage 11.7.2. Power Conversion 11.7.3. Power Generation 11.7.4. Power Distribution 11.8. North America Electric Ship Market size ($MILLION), Sales Volume, and Forecasts (2022 – 2027), By Tonnage 11.8.1. 500–5,000 DWT 11.8.2. 5,001–15,000 DWT 11.8.3. >15,000 DWT 11.9. North America Electric Ship Market size ($MILLION), Sales Volume, and Forecasts (2022 – 2027), By Geography 11.9.1. USA 11.9.2. Canada 11.9.3. Rest of North America 12.1. Overview 12.2. Europe Electric Ship Historical Market size ($MILLION), Sales Volume, (2017 – 2021) 12. EUROPE ELECTRIC SHIP MARKET ANALYSIS 12.3. Europe Electric Ship Market size ($MILLION), Sales Volume, and Forecasts (2022 – 2027) 12.4. Europe Electric Ship Market size ($MILLION), Sales Volume, and Forecasts (2022 – 2027), By Power 12.4.1. 300kW to 600kW 12.4.2. 600kW to 1MW 12.4.3. 1MW to 2MW 12.5. Europe Electric Ship Market size ($MILLION), Sales Volume, and Forecasts (2022 – 2027), By Ship Type 12.5.1. Commercial Vessels 12.5.1.1. Passenger Cruise 12.5.1.2. Bulk Carrier & Container ships 12.5.1.3. Others 12.5.2. Defense Vessels 12.5.2.1. Aircraft Carrier 12.5.2.2. War Ship 12.5.2.3. Submarines 12.5.2.4. Others 12.6. Europe Electric Ship Market size ($MILLION), Sales Volume, and Forecasts (2022 – 2027), By Propulsion Type 12.6.1. Hybrid 12.6.2. Fully Electric 12.7. Europe Electric Ship Market size ($MILLION), Sales Volume, and Forecasts (2022 – 2027), By System 12.7.1. Energy Storage 12.7.2. Power Conversion 12.7.3. Power Generation 12.7.4. Power Distribution 12.8. Europe Electric Ship Market size ($MILLION), Sales Volume, and Forecasts (2022 – 2027), By Tonnage 12.8.1. 500–5,000 DWT 12.8.2. 5,001–15,000 DWT 12.8.3. >15,000 DWT 12.9. Europe Electric Ship Market size ($MILLION), Sales Volume, and Forecasts (2022 – 2027), By Country 12.9.1. Germany 12.9.2. UK 12.9.3. France 12.9.4. Spain 12.9.5. Italy 12.9.6. Benelux 12.9.7. Rest of Europe 13.1. Overview 13.2. Asia Pacific Electric Ship Historical Market size ($MILLION), Sales Volume, (2017 – 2021) 13.3. Asia Pacific Electric Ship Market size ($MILLION), Sales Volume, and Forecasts (2022 – 2027) 13.4. Asia Pacific Electric Ship Market size ($MILLION), Sales Volume, and Forecasts (2022 – 2027), By Power 13.4.1. 300kW to 600kW 13.4.2. 600kW to 1MW 13.4.3. 1MW to 2MW 13.5. Asia Pacific Electric Ship Market size ($MILLION), Sales Volume, and Forecasts (2022 – 2027), By Ship Type 13.5.1. Commercial Vessels 13.5.1.1. Passenger Cruise 13.5.1.2. Bulk Carrier & Container ships 13.5.1.3. Others 13.5.2. Defense Vessels 13.5.2.1. Aircraft Carrier 13.5.2.2. War Ship 13.5.2.3. Submarines 13.5.2.4. Others 13. ASIA PACIFIC ELECTRIC SHIP MARKET ANALYSIS 13.6. Asia Pacific Electric Ship Market size ($MILLION), Sales Volume, and Forecasts (2022 – 2027), By Propulsion Type 13.6.1. Hybrid 13.6.2. Fully Electric 13.7. Asia Pacific Electric Ship Market size ($MILLION), Sales Volume, and Forecasts (2022 – 2027), By System 13.7.1. Energy Storage 13.7.2. Power Conversion 13.7.3. Power Generation 13.7.4. Power Distribution 13.8. Asia Pacific Electric Ship Market size ($MILLION), Sales Volume, and Forecasts (2022 – 2027), By Tonnage 13.8.1. 500–5,000 DWT 13.8.2. 5,001–15,000 DWT 13.8.3. >15,000 DWT 13.9. Asia Pacific Electric Ship Market size ($MILLION), Sales Volume, and Forecasts (2022 – 2027), By Country 13.9.1. China 13.9.2. Japan 13.9.3. Korea 13.9.4. India 13.9.5. Australia 13.9.6. Rest of APAC 14.1. Overview 14.2. Rest of the World Electric Ship Market Historical Market size ($MILLION), Sales Volume, (2017 – 2021) 14.3. Rest of the World Electric Ship Market size ($MILLION), Sales Volume, and Forecasts (2022 – 2027) 14. REST OF THE WORLD ELECTRIC SHIP MARKET ANALYSIS 14.4. Rest of the World Electric Ship Market size ($MILLION), Sales Volume, and Forecasts (2022 – 2027), By Power 14.4.1. 300kW to 600kW 14.4.2. 600kW to 1MW 14.4.3. 1MW to 2MW 14.5. Rest of the World Electric Ship Market size ($MILLION), Sales Volume, and Forecasts (2022 – 2027), By Ship Type 14.5.1. Commercial Vessels 14.5.1.1. Passenger Cruise 14.5.1.2. Bulk Carrier & Container ships 14.5.1.3. Others 14.5.2. Defense Vessels 14.5.2.1. Aircraft Carrier 14.5.2.2. War Ship 14.5.2.3. Submarines 14.5.2.4. Others 14.6. Rest of the World Electric Ship Market size ($MILLION), Sales Volume, and Forecasts (2022 – 2027), By Propulsion Type 14.6.1. Hybrid 14.6.2. Fully Electric 14.7. Rest of the World Electric Ship Market size ($MILLION), Sales Volume, and Forecasts (2022 – 2027), By System 14.7.1. Energy Storage 14.7.2. Power Conversion 14.7.3. Power Generation 14.7.4. Power Distribution 14.8. Rest of the World Electric Ship Market size ($MILLION), Sales Volume, and Forecasts (2022 – 2027), By Tonnage 14.8.1. 500–5,000 DWT 14.8.2. 5,001–15,000 DWT 14.8.3. >15,000 DWT 14.9. Rest of the World Electric Ship Market size ($MILLION), Sales Volume, and Forecasts (2022 – 2027), By Country 15.1. SIEMENS ENERGY 15.1.1. Company Overview 15.1.2. Company Snapshot 15.1.3. Operating business segments 15.1.4. Product offered and Revenue from Electric Ship Business 15.1.5. Key business performances, strategies and developments 15.2. LECLANCHÉ S.A. 15.2.1. Company Overview 15.2.2. Company Snapshot 15.2.3. Operating business segments 15.2.4. Product offered and Revenue from Electric Ship Business 15.2.5. Key business performances, strategies and developments 15.3. ABB 15.3.1. Company Overview 15.3.2. Company Snapshot 15.3.3. Operating business segments 15.3.4. Product offered and Revenue from Electric Ship Business 15.3.5. Key business performances, strategies and developments 15.4. WARTSILA 15.4.1. Company Overview 15.4.2. Company Snapshot 15.4.3. Operating business segments 15.4.4. Product offered and Revenue from Electric Ship Business 15.4.5. Key business performances, strategies and developments 15.5. KONGSBERG GRUPPEN 15.5.1. Company Overview 15.5.2. Company Snapshot 15. COMPANY PROFILES Global Electric Ship Market, till 2030 15.5.3. Operating business segments 15.5.4. Product offered and Revenue from Electric Ship Business 15.5.5. Key business performances, strategies and developments 15.6. CORVUS ENERGY 15.6.1. Company Overview 15.6.2. Company Snapshot 15.6.3. Operating business segments 15.6.4. Product offered and Revenue from Electric Ship Business 15.6.5. Key business performances, strategies and developments 15.7. HYUNDAI HEAVY INDUSTRIES (HYUNDAI ELECTRIC LIMITED) 15.7.1. Company Overview 15.7.2. Company Snapshot 15.7.3. Operating business segments 15.7.4. Product offered and Revenue from Electric Ship Business 15.7.5. Key business performances, strategies and developments 15.8. VISION MARINE TECHNOLOGIES INC. 15.8.1. Company Overview 15.8.2. Company Snapshot 15.8.3. Operating business segments 15.8.4. Product offered and Revenue from Electric Ship Business 15.8.5. Key business performances, strategies and developments 15.9. GENERAL DYNAMICS ELECTRIC BOAT 15.9.1. Company Overview 15.9.2. Company Snapshot 15.9.3. Operating business segments 15.9.4. Product offered and Revenue from Electric Ship Business 15.9.5. Key business performances, strategies and developments 15.10. GROVE BOATS SA 15.10.1. Company Overview 15.10.2. Company Snapshot 15.10.3. Operating business segments 15.10.4. Product offered and Revenue from Electric Ship Business 15.10.5. Key business performances, strategies and developments 15.11. Other Market Players LIST OF TABLES 1. TABLE: MARKET, BY POWER, 2022-2027 (USD MILLION) 2. TABLE: MARKET FOR 300KW TO 600KW, BY REGION, 2022-2027 (USD MILLION) 3. TABLE: MARKET FOR 600KW TO 1MW, BY REGION, 2022-2027 (USD MILLION) 4. TABLE: MARKET FOR 1MW TO 2MW, BY REGION, 2022-2027 (USD MILLION) 5. TABLE: MARKET, BY SHIP TYPE, 2022-2027 (USD MILLION) 6. TABLE: MARKET FOR COMMERCIAL VESSELS, BY REGION, 2022-2027 (USD MILLION) 7. TABLE: MARKET FOR DEFENSE VESSELS, BY REGION, 2022-2027 (USD MILLION) 8. TABLE: MARKET, BY PROPULSION TYPE, 2022-2027 (USD MILLION) 9. TABLE: MARKET FOR HYBRID, BY REGION, 2022-2027 (USD MILLION) 10. TABLE: MARKET FOR FULLY ELECTRIC, BY REGION, 2022-2027 (USD MILLION) 11. TABLE: MARKET, BY SYSTEM, 2022-2027 (USD MILLION) 12. TABLE: MARKET FOR ENERGY STORAGE, BY REGION, 2022-2027 (USD MILLION) 13. TABLE: MARKET FOR POWER CONVERSION, BY REGION, 2022-2027 (USD MILLION) 14. TABLE: MARKET FOR POWER GENERATION, BY REGION, 2022-2027 (USD MILLION) 15. TABLE: MARKET FOR POWER DISTRIBUTION, BY REGION, 2022-2027 (USD MILLION) 16. TABLE: MARKET, BY TONNAGE, 2022-2027 (USD MILLION) 17. TABLE: MARKET FOR 500–5,000 DWT, BY REGION, 2022-2027 (USD MILLION) 18. TABLE: MARKET FOR 5,001–15,000 DWT, BY REGION, 2022-2027 (USD MILLION) 19. TABLE: MARKET FOR >15,000 DWT, BY REGION, 2022-2027 (USD MILLION) 20. TABLE: MARKET, BY REGION, 2022-2027 (USD MILLION) 21. TABLE: NORTH AMERICA MARKET, BY COUNTRY, 2022-2027 (USD MILLION) 22. TABLE: NORTH AMERICA MARKET, BY POWER, 2022-2027 (USD MILLION) 23. TABLE: NORTH AMERICA MARKET, BY SHIP TYPE, 2022-2027 (USD MILLION) 24. TABLE: NORTH AMERICA MARKET, BY PROPULSION TYPE, 2022-2027 (USD MILLION) 25. TABLE: NORTH AMERICA MARKET, BY SYSTEM, 2022-2027 (USD MILLION) 26. TABLE: NORTH AMERICA MARKET, BY TONNAGE, 2022-2027 (USD MILLION) 27. TABLE: USA MARKET BY POWER, 2022-2027 (USD MILLION) 28. TABLE: USA MARKET, BY SHIP TYPE, 2022-2027 (USD MILLION) 29. TABLE: USA MARKET, BY PROPULSION TYPE, 2022-2027 (USD MILLION) 30. TABLE: USA MARKET, BY SYSTEM, 2022-2027 (USD MILLION) 31. TABLE: USA MARKET, BY TONNAGE, 2022-2027 (USD MILLION) 32. TABLE: CALIFORNIA MARKET, BY POWER, 2022-2027 (USD MILLION) 33. TABLE: CALIFORNIA MARKET, BY SHIP TYPE, 2022-2027 (USD MILLION) 34. TABLE: CALIFORNIA MARKET, BY PROPULSION TYPE, 2022-2027 (USD MILLION) 35. TABLE: CALIFORNIA MARKET, BY SYSTEM, 2022-2027 (USD MILLION) 36. TABLE: CALIFORNIA MARKET, BY TONNAGE, 2022-2027 (USD MILLION) 37. TABLE: TEXAS MARKET BY POWER, 2022-2027 (USD MILLION) 38. TABLE: TEXAS MARKET, BY SHIP TYPE, 2022-2027 (USD MILLION) 39. TABLE: TEXAS MARKET, BY PROPULSION TYPE, 2022-2027 (USD MILLION) 40. TABLE: TEXAS MARKET, BY SYSTEM, 2022-2027 (USD MILLION) 41. TABLE: TEXAS MARKET, BY TONNAGE, 2022-2027 (USD MILLION) 42. TABLE: FLORIDA MARKET BY POWER, 2022-2027 (USD MILLION) 43. TABLE: FLORIDA MARKET, BY SHIP TYPE, 2022-2027 (USD MILLION) 44. TABLE: FLORIDA MARKET, BY PROPULSION TYPE, 2022-2027 (USD MILLION) 45. TABLE: FLORIDA MARKET, BY SYSTEM, 2022-2027 (USD MILLION) 46. TABLE: FLORIDA MARKET, BY TONNAGE, 2022-2027 (USD MILLION) 47. TABLE: CANADA MARKET, BY POWER, 2022-2027 (USD MILLION) 48. TABLE: CANADA MARKET, BY SHIP TYPE, 2022-2027 (USD MILLION) 49. TABLE: CANADA MARKET, BY PROPULSION TYPE, 2022-2027 (USD MILLION) 50. TABLE: CANADA MARKET, BY SYSTEM, 2022-2027 (USD MILLION) 51. TABLE: CANADA MARKET, BY TONNAGE, 2022-2027 (USD MILLION) 52. TABLE: MEXICO MARKET, BY POWER, 2022-2027 (USD MILLION) 53. TABLE: MEXICO MARKET, BY SHIP TYPE, 2022-2027 (USD MILLION) 54. TABLE: MEXICO MARKET, BY PROPULSION TYPE, 2022-2027 (USD MILLION) 55. TABLE: MEXICO MARKET, BY SYSTEM, 2022-2027 (USD MILLION) 56. TABLE: MEXICO MARKET, BY TONNAGE, 2022-2027 (USD MILLION) 57. TABLE: REST OF NORTH AMERICA MARKET, BY POWER, 2022-2027 (USD MILLION) 58. TABLE: REST OF NORTH AMERICA MARKET, BY SHIP TYPE, 2022-2027 (USD MILLION) 59. TABLE: REST OF NORTH AMERICA MARKET, BY PROPULSION TYPE, 2022-2027 (USD MILLION) 60. TABLE: REST OF NORTH AMERICA MARKET, BY SYSTEM, 2022-2027 (USD MILLION) 61. TABLE: REST OF NORTH AMERICA MARKET, BY TONNAGE, 2022-2027 (USD MILLION) 62. TABLE: EUROPE MARKET, BY COUNTRY, 2022-2027 (USD MILLION) 63. TABLE: EUROPE MARKET, BY POWER, 2022-2027 (USD MILLION) 64. TABLE: EUROPE MARKET, BY SHIP TYPE, 2022-2027 (USD MILLION) 65. TABLE: EUROPE MARKET, BY PROPULSION TYPE, 2022-2027 (USD MILLION) 66. TABLE: EUROPE MARKET, BY SYSTEM, 2022-2027 (USD MILLION) 67. TABLE: EUROPE MARKET, BY TONNAGE, 2022-2027 (USD MILLION) 68. TABLE: GERMANY MARKET, BY POWER, 2022-2027 (USD MILLION) 69. TABLE: GERMANY MARKET, BY SHIP TYPE, 2022-2027 (USD MILLION) 70. TABLE: GERMANY MARKET, BY PROPULSION TYPE, 2022-2027 (USD MILLION) 71. TABLE: GERMANY MARKET, BY SYSTEM, 2022-2027 (USD MILLION) 72. TABLE: GERMANY MARKET, BY TONNAGE, 2022-2027 (USD MILLION) 73. TABLE: FRANCE MARKET, BY POWER, 2022-2027 (USD MILLION) 74. TABLE: FRANCE MARKET, BY SHIP TYPE, 2022-2027 (USD MILLION) 75. TABLE: FRANCE MARKET, BY PROPULSION TYPE, 2022-2027 (USD MILLION) 76. TABLE: FRANCE MARKET, BY SYSTEM, 2022-2027 (USD MILLION) 77. TABLE: FRANCE MARKET, BY TONNAGE, 2022-2027 (USD MILLION) 78. TABLE: UK MARKET, BY POWER, 2022-2027 (USD MILLION) 79. TABLE: UK MARKET, BY SHIP TYPE, 2022-2027 (USD MILLION) 80. TABLE: UK MARKET, BY PROPULSION TYPE, 2022-2027 (USD MILLION) 81. TABLE: UK MARKET, BY SYSTEM, 2022-2027 (USD MILLION) 82. TABLE: UK MARKET, BY TONNAGE, 2022-2027 (USD MILLION) 83. TABLE: ITALY MARKET, BY POWER, 2022-2027 (USD MILLION) 84. TABLE: ITALY MARKET, BY SHIP TYPE, 2022-2027 (USD MILLION) 85. TABLE: ITALY MARKET, BY PROPULSION TYPE, 2022-2027 (USD MILLION) 86. TABLE: ITALY MARKET, BY SYSTEM, 2022-2027 (USD MILLION) 87. TABLE: ITALY MARKET, BY TONNAGE, 2022-2027 (USD MILLION) 88. TABLE: SPAIN MARKET, BY POWER, 2022-2027 (USD MILLION) 89. TABLE: SPAIN MARKET, BY SHIP TYPE, 2022-2027 (USD MILLION) 90. TABLE: SPAIN MARKET, BY PROPULSION TYPE, 2022-2027 (USD MILLION) 91. TABLE: SPAIN MARKET, BY SYSTEM, 2022-2027 (USD MILLION) 92. TABLE: SPAIN MARKET, BY TONNAGE, 2022-2027 (USD MILLION) 93. TABLE: REST OF EUROPE MARKET, BY POWER, 2022-2027 (USD MILLION) 94. TABLE: REST OF EUROPE MARKET, BY SHIP TYPE, 2022-2027 (USD MILLION) 95. TABLE: REST OF EUROPE MARKET, BY PROPULSION TYPE, 2022-2027 (USD MILLION) 96. TABLE: REST OF EUROPE MARKET, BY SYSTEM, 2022-2027 (USD MILLION) 97. TABLE: REST OF EUROPE MARKET, BY TONNAGE, 2022-2027 (USD MILLION) 98. TABLE: ASIA PACIFIC MARKET, BY POWER, 2022-2027 (USD MILLION) 99. TABLE: ASIA PACIFIC MARKET, BY SHIP TYPE, 2022-2027 (USD MILLION) 100. TABLE: ASIA PACIFIC MARKET, BY PROPULSION TYPE, 2022-2027 (USD MILLION) 101. TABLE: ASIA PACIFIC MARKET, BY SYSTEM, 2022-2027 (USD MILLION) 102. TABLE: ASIA PACIFIC MARKET, BY TONNAGE, 2022-2027 (USD MILLION) 103. TABLE: CHINA MARKET, BY POWER, 2022-2027 (USD MILLION) 104. TABLE: CHINA MARKET, BY SHIP TYPE, 2022-2027 (USD MILLION) 105. TABLE: CHINA MARKET, BY PROPULSION TYPE, 2022-2027 (USD MILLION) 106. TABLE: CHINA MARKET, BY SYSTEM, 2022-2027 (USD MILLION) 107. TABLE: CHINA MARKET, BY TONNAGE, 2022-2027 (USD MILLION) 108. TABLE: INDIA MARKET, BY POWER, 2022-2027 (USD MILLION) 109. TABLE: INDIA MARKET, BY SHIP TYPE, 2022-2027 (USD MILLION) 110. TABLE: INDIA MARKET, BY PROPULSION TYPE, 2022-2027 (USD MILLION) 111. TABLE: INDIA MARKET, BY SYSTEM, 2022-2027 (USD MILLION) 112. TABLE: INDIA MARKET, BY TONNAGE, 2022-2027 (USD MILLION) 113. TABLE: JAPAN MARKET, BY POWER, 2022-2027 (USD MILLION) 114. TABLE: JAPAN MARKET, BY SHIP TYPE, 2022-2027 (USD MILLION) 115. TABLE: JAPAN MARKET, BY PROPULSION TYPE, 2022-2027 (USD MILLION) 116. TABLE: JAPAN MARKET, BY SYSTEM, 2022-2027 (USD MILLION) 117. TABLE: JAPAN MARKET, BY TONNAGE, 2022-2027 (USD MILLION) 118. TABLE: KOREA MARKET, BY POWER, 2022-2027 (USD MILLION) 119. TABLE: KOREA MARKET, BY SHIP TYPE, 2022-2027 (USD MILLION) 120. TABLE: KOREA MARKET, BY PROPULSION TYPE, 2022-2027 (USD MILLION) 121. TABLE: KOREA MARKET, BY SYSTEM, 2022-2027 (USD MILLION) 122. TABLE: KOREA MARKET, BY TONNAGE, 2022-2027 (USD MILLION) 123. TABLE: AUSTRALIA MARKET, BY POWER, 2022-2027 (USD MILLION) 124. TABLE: AUSTRALIA MARKET, BY SHIP TYPE, 2022-2027 (USD MILLION) 125. TABLE: AUSTRALIA MARKET, BY PROPULSION TYPE, 2022-2027 (USD MILLION) 126. TABLE: AUSTRALIA MARKET, BY SYSTEM, 2022-2027 (USD MILLION) 127. TABLE: AUSTRALIA MARKET, BY TONNAGE, 2022-2027 (USD MILLION) 128. TABLE: REST OF ASIA PACIFIC MARKET, BY POWER, 2022-2027 (USD MILLION) 129. TABLE: REST OF ASIA PACIFIC MARKET, BY SHIP TYPE, 2022-2027 (USD MILLION) 130. TABLE: REST OF ASIA PACIFIC MARKET, BY PROPULSION TYPE, 2022-2027 (USD MILLION) 131. TABLE: REST OF ASIA PACIFIC MARKET, BY SYSTEM, 2022-2027 (USD MILLION) 132. TABLE: REST OF ASIA PACIFIC MARKET, BY TONNAGE, 2022-2027 (USD MILLION) 133. TABLE: REST OF THE WORLD MARKET, BY POWER, 2022-2027 (USD MILLION) 134. TABLE: REST OF THE WORLD MARKET, BY SHIP TYPE, 2022-2027 (USD MILLION) 135. TABLE: REST OF THE WORLD MARKET, BY PROPULSION TYPE, 2022-2027 (USD MILLION) 136. TABLE: REST OF THE WORLD MARKET, BY SYSTEM, 2022-2027 (USD MILLION) 137. TABLE: REST OF THE WORLD MARKET, BY TONNAGE, 2022-2027 (USD MILLION) 138. TABLE: LECLANCHÉ S.A.: COMPANY SNAPSHOT 139. TABLE: LECLANCHÉ S.A.: OPERATING SEGMENTS 140. TABLE: ABB: COMPANY SNAPSHOT 141. TABLE: ABB: OPERATING SEGMENTS 142. TABLE: WARTSILA: COMPANY SNAPSHOT 143. TABLE: WARTSILA: OPERATING SEGMENTS 144. TABLE: SIEMENS ENERGY. COMPANY SNAPSHOT 145. TABLE: SIEMENS ENERGY. OPERATING SEGMENTS 146. TABLE: KONGSBERG GRUPPEN: COMPANY SNAPSHOT 147. TABLE: KONGSBERG GRUPPEN: OPERATING SEGMENTS 148. TABLE: CORVUS ENERGY: COMPANY SNAPSHOT 149. TABLE: CORVUS ENERGY: OPERATING SEGMENTS 150. TABLE: HYUNDAI HEAVY INDUSTRIES (HYUNDAI ELECTRIC LIMITED): COMPANY SNAPSHOT 151. TABLE: HYUNDAI HEAVY INDUSTRIES (HYUNDAI ELECTRIC LIMITED): OPERATING SEGMENTS 152. TABLE: VISION MARINE TECHNOLOGIES INC.: COMPANY SNAPSHOT 153. TABLE: VISION MARINE TECHNOLOGIES INC.: OPERATING SEGMENTS 154. TABLE: GENERAL DYNAMICS ELECTRIC BOAT: COMPANY SNAPSHOT 155. TABLE: GENERAL DYNAMICS ELECTRIC BOAT: OPERATING SEGMENTS 156. TABLE: GROVE BOATS SA: COMPANY SNAPSHOT 157. TABLE: GROVE BOATS SA: OPERATING SEGMENTS LIST OF FIGURES 1. Figure: Market: Research Methodology Steps 2. Figure: Research Design 3. Figure: Breakdown of Primaries: Market 4. Figure: Research Methodology: Hypothesis Building 5. Figure: Growth Strategies Adopted By the Key Players 6. Figure: Growth Strategies Adopted By the Key Players 7. Figure: Data Triangulation Methodology 8. Figure: Dominating Market Share, By Power, 2022 vs. 2027 (USD MILLION) 9. Figure: Dominating Market Share, By Ship Type, 2022 vs. 2027 (USD MILLION) 10. Figure: Dominating Market Share, By Propulsion Type, 2022 vs. 2027 (USD MILLION) 11. Figure: Dominating Market Share, By System, 2022 vs. 2027 (USD MILLION) 12. Figure: Dominating Market Share, By Tonnage, 2022 vs. 2027 (USD MILLION) 13. Figure: Geographical Snapshot of the Market 14. Figure: 300kW to 600kW held the largest share in the Market for Power Segment during the Forecast Period. 15. Figure: Europe Accounted for the Largest Share of the Market, By Regional Basis, in 2022 16. Figure: Market: Drivers, Restraints, Opportunities, and Challenges 17. Figure: North America: Market Snapshot 18. Figure: Asia Pacific: Market Snapshot 19. Figure: Europe: Market Snapshot 20. Figure: Rest of the World: Market Snapshot 21. Figure: Vendor Dive: Evaluation Overview 22. Figure: Global Electric Ship: Competitive Benchmarking 23. Figure: Leclanché S.A.: Financial Overview (2022-2027) 24. Figure: ABB: Financial Overview (2022-2027) 25. Figure: Wartsila: Financial Overview (2022-2027) 26. Figure: Siemens Energy. Financial Overview (2022-2027) 27. Figure: KONGSBERG GRUPPEN: Financial Overview (2022-2027) 28. Figure: Corvus Energy: Financial Overview (2022-2027) 29. Figure: Hyundai Heavy Industries (Hyundai Electric Limited): Financial Overview (2022-2027) 30. Figure: Vision Marine Technologies Inc.: Financial Overview (2022-2027) 31. Figure: General Dynamics Electric Boat: Financial Overview (2022-2027) 32. Figure: Grove Boats SA: Financial Overview (2022-2027)