Outlook on the Electric Ship Global Market to 2028 - Featuring Boesch Motorboote, ABB and Yara Birkeland Among Others

News provided by

Feb 10, 2022, 09:30 ET

DUBLIN, Feb. 10, 2022 /PRNewswire/ -- The "Electric Ship Market Share, Size, Trends, Industry Analysis Report, By Power Source; By Vessel; By Power Output; By Autonomy Level; By Region; Segment Forecast, 2021 - 2028" report has been added to ResearchAndMarkets.com's offering.

The global electric ship market size is expected to reach $12.57 billion by 2028 according to a new study. This report 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, Leclanche SA, Wartsila, 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.

Key Topics Covered:

1. Introduction

2. Executive Summary

3. Research Methodology

4. Electric Ship Market Insights
4.1. Electric Ship - Industry Snapshot
4.2. Electric Ship Market Dynamics
4.2.1. Drivers and Opportunities
4.2.1.1. Favorable government push and incentives
4.2.1.2. Use of technology such 5G and AI
4.2.2. Restraints and Challenges
4.2.2.1. High cost of operation
4.2.3. Porter's Five Forces Analysis
4.2.3.1. Bargaining Power of Suppliers (Moderate)
4.2.3.2. Threats of New Entrants: (Low)
4.2.3.3. Bargaining Power of Buyers (Moderate)
4.2.3.4. Threat of Substitute (Moderate)
4.2.3.5. Rivalry among existing firms (High)
4.2.4. PESTLE Analysis
4.2.5. Electric Ship Market Industry trends
4.2.6. COVID-19 Impact Analysis

5. Electric Ship Market Assessment by Power Source
5.1. Key Findings
5.2. Introduction
5.2.1. Global Electric Ship Market, by Power Source, 2016 - 2028 (USD Billion)
5.3. Fully Electric
5.3.1. Global Electric Ship Market, by Fully Electric, by Region, 2016 - 2028 (USD Billion)
5.4. Hybrid
5.4.1. Global Electric Ship Market, by Hybrid, by Region, 2016 - 2028 (USD Billion)

6. Electric Ship Market Assessment by Power Output
6.1. Key Findings
6.2. Introduction
6.2.1. Global Electric Ship Market, by Power Output, 2016 - 2028 (USD Billion)
6.3. <_5 />6.3.1. Global Electric Ship Market, by <_5 kw_="kw_" by="by" region_="region_" _016="_016" _="_" _028="_028" _usd="_usd" />6.4. 75-745 kW
6.4.1. Global Electric Ship Market, by 75-745 kW, by Region, 2016 - 2028 (USD Billion)
6.5. 746-7,560 kW
6.5.1. Global Electric Ship Market, by 746-7,560 kW, by Region, 2016 - 2028 (USD Billion)
6.6. >7,560 kW
6.6.1. Global Electric Ship Market, by >7,560 kW, by Region, 2016 - 2028 (USD Billion)

7. Global Electric Ship Market, by Autonomy Level
7.1. Key Findings
Introduction
7.1.1. Global Electric Ship Market, by Autonomy Level, 2016 - 2028 (USD Billion)
7.2. Semi-Autonomous
7.2.1. Global Electric Ship Market, by Semi-Autonomous, by Region, 2016 - 2028 (USD Billion)
7.3. Fully Autonomous
7.3.1. Global Electric Ship Market, by Fully Autonomous, by Region, 2016 - 2028 (USD Billion)

8. Global Electric Ship Market, by Vessel
8.1. Key Findings
8.2. Introduction
8.2.1. Global Electric Ship Market, by Vessel, 2016 - 2028 (USD Billion)
8.3. Commercial Vessel
8.3.1. Global Electric Ship Market, By Commercial Vessel, By Region, 2016 - 2028 (USD Billion)
8.4. Defense Vessel
8.4.1. Global Electric Ship Market, by Defense Vessel, by Region, 2016 - 2028 (USD Billion)
8.5. Special Vessel
8.5.1. Global Electric Ship Market, by Special Vessel, by Region, 2016 - 2028 (USD Billion)

9. Electric Ship Market Assessment by Geography

10. Competitive Landscape
10.1. Expansion and Acquisition Analysis
10.1.1. Expansion
10.1.2. Acquisitions
10.2. Partnerships/Collaborations/Agreements/Exhibitions

11. Company Profiles
11.1. ABB
11.1.1. Company Overview
11.1.2. Financial Performance
11.1.3. Product Benchmarking
11.1.4. Recent Development
11.2. Baltic Workboats AS
11.2.1. Company Overview
11.2.2. Financial Performance
11.2.3. Product Benchmarking
11.2.4. Recent Development
11.3. Boesch Motorboote AG
11.3.1. Company Overview
11.3.2. Financial Performance
11.3.3. Product Benchmarking
11.3.4. Recent Development
11.4. Bureau Veritas
11.4.1. Company Overview
11.4.2. Financial Performance
11.4.3. Product Benchmarking
11.4.4. Recent Development
11.5. Canadian Electric Boat Company
11.5.1. Company Overview
11.5.2. Financial Performance
11.5.3. Product Benchmarking
11.5.4. Recent Development
11.6. Corvus Energy
11.6.1. Company Overview
11.6.2. Financial Performance
11.6.3. Product Benchmarking
11.6.4. Recent Development
11.7. Duffy Electric Boat
11.7.1. Company Overview
11.7.2. Financial Performance
11.7.3. Product Benchmarking
11.7.4. Recent Development
11.8. Electrovaya Inc.
11.8.1. Company Overview
11.8.2. Financial Performance
11.8.3. Product Benchmarking
11.8.4. Recent Development
11.9. Kongsberg
11.9.1. Company Overview
11.9.2. Financial Performance
11.9.3. Product Benchmarking
11.9.4. Recent Development
11.10. Leclanche SA
11.10.1. Company Overview
11.10.2. Financial Performance
11.10.3. Product Benchmarking
11.10.4. Recent Development
11.11. MAN Energy Solutions SE
11.11.1. Company Overview
11.11.2. Financial Performance
11.11.3. Product Benchmarking
11.11.4. Recent Development
11.12. Norwegian Electric Systems AS
11.12.1. Company Overview
11.12.2. Financial Performance
11.12.3. Product Benchmarking
11.12.4. Recent Development
11.13. Siemens
11.13.1. Company Overview
11.13.2. Financial Performance
11.13.3. Product Benchmarking
11.13.4. Recent Development
11.14. Triton Submarines
11.14.1. Company Overview
11.14.2. Financial Performance
11.14.3. Product Benchmarking
11.14.4. Recent Development
11.15. Vard AS
11.15.1. Company Overview
11.15.2. Financial Performance
11.15.3. Product Benchmarking
11.15.4. Recent Development
11.16. Wartsila
11.16.1. Company Overview
11.16.2. Financial Performance
11.16.3. Product Benchmarking
11.16.4. Recent Development
11.17. Yara Birkeland
11.17.1. Company Overview
11.17.2. Financial Performance
11.17.3. Product Benchmarking
11.17.4. Recent Development