The Market Reports

Synopsis
The global market for Electrical Propulsion System in Ships was estimated to be worth US$ 2883 million in 2024 and is forecast to a readjusted size of US$ 6225 million by 2031 with a CAGR of 12.0% during the forecast period 2025-2031.
Electric Propulsion System in Ships is a system that uses electricity to drive the ship's propeller. Compared with traditional mechanical propulsion systems, it has higher flexibility, energy efficiency and environmental protection.
Global Shipping Industry Growth and Maritime Trade Expansion. The continued growth of the global shipping industry and the increase in maritime trade volume have driven the demand for ship power market. New trade routes: The melting of Arctic ice has opened up shorter trade routes, reducing transportation time and costs. With the increase in international trade and ocean shipping demand, the number of ships and shipping frequency have gradually increased, and modern electric drive equipment has become an important option for shipping companies to ensure navigation safety. In the military field, the application power of electric propulsion systems on ships has continued to increase in recent years. With the need for high stealth performance of ships themselves and the increase in power demand for new equipment, the application scope of integrated electric propulsion will continue to expand. In the civilian field, the pollutant emissions of ships using integrated electric propulsion systems have been significantly reduced, and integrated electric propulsion has become the main direction of upgrading ship power technology. The shipping industry has made great progress in the research and development of reducing propulsion costs without increasing marine pollution. The traditional propulsion system of ships is highly efficient, but requires high operating costs and increases marine pollution. Of all the potential alternative energy sources, electric propulsion systems are one of the most worthwhile alternatives to try today.
This report aims to provide a comprehensive presentation of the global market for Electrical Propulsion System in Ships, focusing on the total sales revenue, key companies market share and ranking, together with an analysis of Electrical Propulsion System in Ships by region & country, by Type, and by Application.
The Electrical Propulsion System in Ships market size, estimations, and forecasts are provided in terms of sales revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. With both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Electrical Propulsion System in Ships.
Market Segmentation
By Company
ABB
Siemens
GE Vernova
Wartsila
Leonardo DRS
Rolls-Royce
Yanmar
Daihatsu Diesel Mfg
CSSC
MAN Energy Solutions
Ingeteam Marine
Xiangtan Electric Manufacturing Co., Ltd
Segment by Type
Shaftline Propulsion
Pod Propulsion
Others
Segment by Application
Passenger Ship
Military Ship
Work Ship
Transport Ship
Others
By Region
North America
United States
Canada
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia-Pacific
Europe
Germany
France
U.K.
Italy
Netherlands
Nordic Countries
Rest of Europe
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
Chapter Outline
Chapter 1: Introduces the report scope of the report, global total market size. This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 2: Detailed analysis of Electrical Propulsion System in Ships company competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 5: Revenue of Electrical Propulsion System in Ships in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 6: Revenue of Electrical Propulsion System in Ships in country level. It provides sigmate data by Type, and by Application for each country/region.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product revenue, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.

Index