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Global Marine Hybrid and Full Electric Propulsion System Market Research Report 2025
Synopsis
The global Marine Hybrid and Full Electric Propulsion System market was valued at US$ million in 2023 and is anticipated to reach US$ million by 2030, witnessing a CAGR of % during the forecast period 2024-2030.
North American market for Marine Hybrid and Full Electric Propulsion System is estimated to increase from $ million in 2023 to reach $ million by 2030, at a CAGR of % during the forecast period of 2024 through 2030.
Asia-Pacific market for Marine Hybrid and Full Electric Propulsion System is estimated to increase from $ million in 2023 to reach $ million by 2030, at a CAGR of % during the forecast period of 2024 through 2030.
The global market for Marine Hybrid and Full Electric Propulsion System in Tugboats is estimated to increase from $ million in 2023 to $ million by 2030, at a CAGR of % during the forecast period of 2024 through 2030.
The major global companies of Marine Hybrid and Full Electric Propulsion System include Cummins Inc., AB Volvo, IHI Power Systems Co.,Ltd., General Electric, Caterpillar, BAE Systems Fairbanks Morse, Masson Marine, Wärtsilä Corporation and Rolls-Royce plc, etc. In 2023, the world's top three vendors accounted for approximately % of the revenue.
This report aims to provide a comprehensive presentation of the global market for Marine Hybrid and Full Electric Propulsion System, 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 Marine Hybrid and Full Electric Propulsion System.
Report Scope
The Marine Hybrid and Full Electric Propulsion System market size, estimations, and forecasts are provided in terms of revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Marine Hybrid and Full Electric Propulsion System market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Marine Hybrid and Full Electric Propulsion System companies, new entrants, and industry chain related companies in this market with information on the revenues, sales volume, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
Cummins Inc.
AB Volvo
IHI Power Systems Co.,Ltd.
General Electric
Caterpillar
BAE Systems Fairbanks Morse
Masson Marine
Wärtsilä Corporation
Rolls-Royce plc
STEYR MOTORS GmbH
MAN Diesel & Turbo SE
Torqeedo GmbH
Segment by Type
Hybrid Propulsion
Full Electric Propulsion
Segment by Application
Tugboats
Ferries
Defense Vessels
Others
By Region
North America
United States
Canada
Europe
Germany
France
UK
Italy
Russia
Nordic Countries
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
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, executive summary of different market segments (by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Introduces executive summary of global market size, regional market size, this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter 3: Detailed analysis of Marine Hybrid and Full Electric Propulsion System companies’ competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: 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 5: 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 6, 7, 8, 9, 10: North America, Europe, Asia Pacific, Latin America, Middle East and Africa segment by country. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.
Chapter 11: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 12: The main points and conclusions of the report.
The global Marine Hybrid and Full Electric Propulsion System market was valued at US$ million in 2023 and is anticipated to reach US$ million by 2030, witnessing a CAGR of % during the forecast period 2024-2030.
North American market for Marine Hybrid and Full Electric Propulsion System is estimated to increase from $ million in 2023 to reach $ million by 2030, at a CAGR of % during the forecast period of 2024 through 2030.
Asia-Pacific market for Marine Hybrid and Full Electric Propulsion System is estimated to increase from $ million in 2023 to reach $ million by 2030, at a CAGR of % during the forecast period of 2024 through 2030.
The global market for Marine Hybrid and Full Electric Propulsion System in Tugboats is estimated to increase from $ million in 2023 to $ million by 2030, at a CAGR of % during the forecast period of 2024 through 2030.
The major global companies of Marine Hybrid and Full Electric Propulsion System include Cummins Inc., AB Volvo, IHI Power Systems Co.,Ltd., General Electric, Caterpillar, BAE Systems Fairbanks Morse, Masson Marine, Wärtsilä Corporation and Rolls-Royce plc, etc. In 2023, the world's top three vendors accounted for approximately % of the revenue.
This report aims to provide a comprehensive presentation of the global market for Marine Hybrid and Full Electric Propulsion System, 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 Marine Hybrid and Full Electric Propulsion System.
Report Scope
The Marine Hybrid and Full Electric Propulsion System market size, estimations, and forecasts are provided in terms of revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Marine Hybrid and Full Electric Propulsion System market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Marine Hybrid and Full Electric Propulsion System companies, new entrants, and industry chain related companies in this market with information on the revenues, sales volume, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
Cummins Inc.
AB Volvo
IHI Power Systems Co.,Ltd.
General Electric
Caterpillar
BAE Systems Fairbanks Morse
Masson Marine
Wärtsilä Corporation
Rolls-Royce plc
STEYR MOTORS GmbH
MAN Diesel & Turbo SE
Torqeedo GmbH
Segment by Type
Hybrid Propulsion
Full Electric Propulsion
Segment by Application
Tugboats
Ferries
Defense Vessels
Others
By Region
North America
United States
Canada
Europe
Germany
France
UK
Italy
Russia
Nordic Countries
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
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, executive summary of different market segments (by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Introduces executive summary of global market size, regional market size, this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter 3: Detailed analysis of Marine Hybrid and Full Electric Propulsion System companies’ competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: 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 5: 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 6, 7, 8, 9, 10: North America, Europe, Asia Pacific, Latin America, Middle East and Africa segment by country. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.
Chapter 11: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 12: The main points and conclusions of the report.
Index1 Report Overview
1.1 Study Scope
1.2 Market Analysis by Type
1.2.1 Global Marine Hybrid and Full Electric Propulsion System Market Size Growth Rate by Type: 2019 VS 2023 VS 2030
1.2.2 Hybrid Propulsion
1.2.3 Full Electric Propulsion
1.3 Market by Application
1.3.1 Global Marine Hybrid and Full Electric Propulsion System Market Growth by Application: 2019 VS 2023 VS 2030
1.3.2 Tugboats
1.3.3 Ferries
1.3.4 Defense Vessels
1.3.5 Others
1.4 Study Objectives
1.5 Years Considered
1.6 Years Considered
2 Global Growth Trends
2.1 Global Marine Hybrid and Full Electric Propulsion System Market Perspective (2019-2030)
2.2 Marine Hybrid and Full Electric Propulsion System Growth Trends by Region
2.2.1 Global Marine Hybrid and Full Electric Propulsion System Market Size by Region: 2019 VS 2023 VS 2030
2.2.2 Marine Hybrid and Full Electric Propulsion System Historic Market Size by Region (2019-2024)
2.2.3 Marine Hybrid and Full Electric Propulsion System Forecasted Market Size by Region (2025-2030)
2.3 Marine Hybrid and Full Electric Propulsion System Market Dynamics
2.3.1 Marine Hybrid and Full Electric Propulsion System Industry Trends
2.3.2 Marine Hybrid and Full Electric Propulsion System Market Drivers
2.3.3 Marine Hybrid and Full Electric Propulsion System Market Challenges
2.3.4 Marine Hybrid and Full Electric Propulsion System Market Restraints
3 Competition Landscape by Key Players
3.1 Global Top Marine Hybrid and Full Electric Propulsion System Players by Revenue
3.1.1 Global Top Marine Hybrid and Full Electric Propulsion System Players by Revenue (2019-2024)
3.1.2 Global Marine Hybrid and Full Electric Propulsion System Revenue Market Share by Players (2019-2024)
3.2 Global Marine Hybrid and Full Electric Propulsion System Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.3 Players Covered: Ranking by Marine Hybrid and Full Electric Propulsion System Revenue
3.4 Global Marine Hybrid and Full Electric Propulsion System Market Concentration Ratio
3.4.1 Global Marine Hybrid and Full Electric Propulsion System Market Concentration Ratio (CR5 and HHI)
3.4.2 Global Top 10 and Top 5 Companies by Marine Hybrid and Full Electric Propulsion System Revenue in 2023
3.5 Marine Hybrid and Full Electric Propulsion System Key Players Head office and Area Served
3.6 Key Players Marine Hybrid and Full Electric Propulsion System Product Solution and Service
3.7 Date of Enter into Marine Hybrid and Full Electric Propulsion System Market
3.8 Mergers & Acquisitions, Expansion Plans
4 Marine Hybrid and Full Electric Propulsion System Breakdown Data by Type
4.1 Global Marine Hybrid and Full Electric Propulsion System Historic Market Size by Type (2019-2024)
4.2 Global Marine Hybrid and Full Electric Propulsion System Forecasted Market Size by Type (2025-2030)
5 Marine Hybrid and Full Electric Propulsion System Breakdown Data by Application
5.1 Global Marine Hybrid and Full Electric Propulsion System Historic Market Size by Application (2019-2024)
5.2 Global Marine Hybrid and Full Electric Propulsion System Forecasted Market Size by Application (2025-2030)
6 North America
6.1 North America Marine Hybrid and Full Electric Propulsion System Market Size (2019-2030)
6.2 North America Marine Hybrid and Full Electric Propulsion System Market Growth Rate by Country: 2019 VS 2023 VS 2030
6.3 North America Marine Hybrid and Full Electric Propulsion System Market Size by Country (2019-2024)
6.4 North America Marine Hybrid and Full Electric Propulsion System Market Size by Country (2025-2030)
6.5 United States
6.6 Canada
7 Europe
7.1 Europe Marine Hybrid and Full Electric Propulsion System Market Size (2019-2030)
7.2 Europe Marine Hybrid and Full Electric Propulsion System Market Growth Rate by Country: 2019 VS 2023 VS 2030
7.3 Europe Marine Hybrid and Full Electric Propulsion System Market Size by Country (2019-2024)
7.4 Europe Marine Hybrid and Full Electric Propulsion System Market Size by Country (2025-2030)
7.5 Germany
7.6 France
7.7 U.K.
7.8 Italy
7.9 Russia
7.10 Nordic Countries
8 Asia-Pacific
8.1 Asia-Pacific Marine Hybrid and Full Electric Propulsion System Market Size (2019-2030)
8.2 Asia-Pacific Marine Hybrid and Full Electric Propulsion System Market Growth Rate by Region: 2019 VS 2023 VS 2030
8.3 Asia-Pacific Marine Hybrid and Full Electric Propulsion System Market Size by Region (2019-2024)
8.4 Asia-Pacific Marine Hybrid and Full Electric Propulsion System Market Size by Region (2025-2030)
8.5 China
8.6 Japan
8.7 South Korea
8.8 Southeast Asia
8.9 India
8.10 Australia
9 Latin America
9.1 Latin America Marine Hybrid and Full Electric Propulsion System Market Size (2019-2030)
9.2 Latin America Marine Hybrid and Full Electric Propulsion System Market Growth Rate by Country: 2019 VS 2023 VS 2030
9.3 Latin America Marine Hybrid and Full Electric Propulsion System Market Size by Country (2019-2024)
9.4 Latin America Marine Hybrid and Full Electric Propulsion System Market Size by Country (2025-2030)
9.5 Mexico
9.6 Brazil
10 Middle East & Africa
10.1 Middle East & Africa Marine Hybrid and Full Electric Propulsion System Market Size (2019-2030)
10.2 Middle East & Africa Marine Hybrid and Full Electric Propulsion System Market Growth Rate by Country: 2019 VS 2023 VS 2030
10.3 Middle East & Africa Marine Hybrid and Full Electric Propulsion System Market Size by Country (2019-2024)
10.4 Middle East & Africa Marine Hybrid and Full Electric Propulsion System Market Size by Country (2025-2030)
10.5 Turkey
10.6 Saudi Arabia
10.7 UAE
11 Key Players Profiles
11.1 Cummins Inc.
11.1.1 Cummins Inc. Company Detail
11.1.2 Cummins Inc. Business Overview
11.1.3 Cummins Inc. Marine Hybrid and Full Electric Propulsion System Introduction
11.1.4 Cummins Inc. Revenue in Marine Hybrid and Full Electric Propulsion System Business (2019-2024)
11.1.5 Cummins Inc. Recent Development
11.2 AB Volvo
11.2.1 AB Volvo Company Detail
11.2.2 AB Volvo Business Overview
11.2.3 AB Volvo Marine Hybrid and Full Electric Propulsion System Introduction
11.2.4 AB Volvo Revenue in Marine Hybrid and Full Electric Propulsion System Business (2019-2024)
11.2.5 AB Volvo Recent Development
11.3 IHI Power Systems Co.,Ltd.
11.3.1 IHI Power Systems Co.,Ltd. Company Detail
11.3.2 IHI Power Systems Co.,Ltd. Business Overview
11.3.3 IHI Power Systems Co.,Ltd. Marine Hybrid and Full Electric Propulsion System Introduction
11.3.4 IHI Power Systems Co.,Ltd. Revenue in Marine Hybrid and Full Electric Propulsion System Business (2019-2024)
11.3.5 IHI Power Systems Co.,Ltd. Recent Development
11.4 General Electric
11.4.1 General Electric Company Detail
11.4.2 General Electric Business Overview
11.4.3 General Electric Marine Hybrid and Full Electric Propulsion System Introduction
11.4.4 General Electric Revenue in Marine Hybrid and Full Electric Propulsion System Business (2019-2024)
11.4.5 General Electric Recent Development
11.5 Caterpillar
11.5.1 Caterpillar Company Detail
11.5.2 Caterpillar Business Overview
11.5.3 Caterpillar Marine Hybrid and Full Electric Propulsion System Introduction
11.5.4 Caterpillar Revenue in Marine Hybrid and Full Electric Propulsion System Business (2019-2024)
11.5.5 Caterpillar Recent Development
11.6 BAE Systems Fairbanks Morse
11.6.1 BAE Systems Fairbanks Morse Company Detail
11.6.2 BAE Systems Fairbanks Morse Business Overview
11.6.3 BAE Systems Fairbanks Morse Marine Hybrid and Full Electric Propulsion System Introduction
11.6.4 BAE Systems Fairbanks Morse Revenue in Marine Hybrid and Full Electric Propulsion System Business (2019-2024)
11.6.5 BAE Systems Fairbanks Morse Recent Development
11.7 Masson Marine
11.7.1 Masson Marine Company Detail
11.7.2 Masson Marine Business Overview
11.7.3 Masson Marine Marine Hybrid and Full Electric Propulsion System Introduction
11.7.4 Masson Marine Revenue in Marine Hybrid and Full Electric Propulsion System Business (2019-2024)
11.7.5 Masson Marine Recent Development
11.8 Wärtsilä Corporation
11.8.1 Wärtsilä Corporation Company Detail
11.8.2 Wärtsilä Corporation Business Overview
11.8.3 Wärtsilä Corporation Marine Hybrid and Full Electric Propulsion System Introduction
11.8.4 Wärtsilä Corporation Revenue in Marine Hybrid and Full Electric Propulsion System Business (2019-2024)
11.8.5 Wärtsilä Corporation Recent Development
11.9 Rolls-Royce plc
11.9.1 Rolls-Royce plc Company Detail
11.9.2 Rolls-Royce plc Business Overview
11.9.3 Rolls-Royce plc Marine Hybrid and Full Electric Propulsion System Introduction
11.9.4 Rolls-Royce plc Revenue in Marine Hybrid and Full Electric Propulsion System Business (2019-2024)
11.9.5 Rolls-Royce plc Recent Development
11.10 STEYR MOTORS GmbH
11.10.1 STEYR MOTORS GmbH Company Detail
11.10.2 STEYR MOTORS GmbH Business Overview
11.10.3 STEYR MOTORS GmbH Marine Hybrid and Full Electric Propulsion System Introduction
11.10.4 STEYR MOTORS GmbH Revenue in Marine Hybrid and Full Electric Propulsion System Business (2019-2024)
11.10.5 STEYR MOTORS GmbH Recent Development
11.11 MAN Diesel & Turbo SE
11.11.1 MAN Diesel & Turbo SE Company Detail
11.11.2 MAN Diesel & Turbo SE Business Overview
11.11.3 MAN Diesel & Turbo SE Marine Hybrid and Full Electric Propulsion System Introduction
11.11.4 MAN Diesel & Turbo SE Revenue in Marine Hybrid and Full Electric Propulsion System Business (2019-2024)
11.11.5 MAN Diesel & Turbo SE Recent Development
11.12 Torqeedo GmbH
11.12.1 Torqeedo GmbH Company Detail
11.12.2 Torqeedo GmbH Business Overview
11.12.3 Torqeedo GmbH Marine Hybrid and Full Electric Propulsion System Introduction
11.12.4 Torqeedo GmbH Revenue in Marine Hybrid and Full Electric Propulsion System Business (2019-2024)
11.12.5 Torqeedo GmbH Recent Development
12 Analyst's Viewpoints/Conclusions
13 Appendix
13.1 Research Methodology
13.1.1 Methodology/Research Approach
13.1.2 Data Source
13.2 Disclaimer
13.3 Author Details
Published By : QY Research
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