Hybrid And Full Electric Marine Propulsion Market
Hybrid and Full Electric Marine Propulsion - Global Market Outlook (2019-2027)
According to Stratistics MRC, the Global Hybrid and Full Electric Marine Propulsion Market is accounted for $3,954.30 million in 2019 and is expected to reach $9,047.37 million by 2027 growing at a CAGR of 10.9% during the forecast period. Some of the key factors propelling the market growth are increasing maritime activities and rising concern about environment conservation. However, stringent regulatory measures are the restraining factors for the growth of the market.
Marine propulsion refers to a system or a mechanism that is utilized in the generation of thrust to propel a boat and ship across water. The arrangement of the whole propulsion system depends on the operation type, system of transport, and size of vessel.
By propulsion type, the full electric vessel segment is expected to grow at a significant market share during the forecast period because of its ability to provide more efficiency. On the basis of geography, Asia Pacific is anticipated to hold considerable market share during the forecast period due to the introduction of various technologically advanced systems.
Some of the key players in Hybrid and Full Electric Marine Propulsion Market include Caterpillar, AB Volvo Penta, Rolls Royce, BAE Systems, Wartsila, GE, Cummins, Niigata Power Systems, Torqeedo GmbH, Steyr Motors, Fairbanks Morse Engine, Masson-Marine SAS, and MAN Diesel & Turbo.
Propulsion Types Covered:
• Full Electric Vessel
• Hybrid Vessel
Power Ratings Covered:
• Up to 1 MW
• 1.1-2 MW
• 2.1-3.5 MW
• Above 3.5 MW
Vessels Covered:
• Cruise Ships
• Ferries
• Tugboats & Offshore Service Vessels (OSVs)
• Yachts
• Anchor Handling Tug Supply (AHTS) Vessels
• Submarines
• Platform Supply Vessel (PSV)
• Small Cargo Ships
• Other Vessels
Revolutions Per Minute (RPM) Covered:
• 0-1,000 RPM
• 1,001-2,500 RPM
• Above 2500 RPM
Deadweights Covered:
• Less Than 5K Dead Weight Tonnage (DWT)
• 5K-10K Dead Weight Tonnage (DWT)
• More Than 10K Dead Weight Tonnage (DWT)
Applications Covered:
• Offshore Drilling
• Commercial
• Logistics
End Users Covered:
• Military Ships
• Civil Ships
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o France
o Italy
o UK
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2018, 2019, 2020, 2024 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic analysis: Drivers and Constraints, Product/Technology Analysis, Porter’s five forces analysis, SWOT analysis, etc.
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 End User Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Hybrid and Full Electric Marine Propulsion Market, By Propulsion Type
5.1 Introduction
5.2 Full Electric Vessel
5.3 Hybrid Vessel
6 Global Hybrid and Full Electric Marine Propulsion Market, By Power Rating
6.1 Introduction
6.2 Up to 1 MW
6.3 1.1-2 MW
6.4 2.1-3.5 MW
6.5 Above 3.5 MW
7 Global Hybrid and Full Electric Marine Propulsion Market, By Vessel
7.1 Introduction
7.2 Cruise Ships
7.3 Ferries
7.4 Tugboats & Offshore Service Vessels (OSVs)
7.5 Yachts
7.6 Anchor Handling Tug Supply (AHTS) Vessels
7.7 Submarines
7.8 Platform Supply Vessel (PSV)
7.9 Small Cargo Ships
7.10 Other Vessels
7.10.1 Underwater Vehicles
7.10.2 Water Sports
7.10.3 Fishing Vessels
8 Global Hybrid and Full Electric Marine Propulsion Market, By Revolution Per Minute (RPM)
8.1 Introduction
8.2 0-1,000 RPM
8.3 1,001-2,500 RPM
8.4 Above 2500 RPM
9 Global Hybrid and Full Electric Marine Propulsion Market, By Deadweight
9.1 Introduction
9.2 Less Than 5K Dead Weight Tonnage (DWT)
9.3 5K-10K Dead Weight Tonnage (DWT)
9.4 More Than 10K Dead Weight Tonnage (DWT)
10 Global Hybrid and Full Electric Marine Propulsion Market, By Application
10.1 Introduction
10.2 Offshore Drilling
10.3 Commercial
10.4 Logistics
11 Global Hybrid and Full Electric Marine Propulsion Market, By End User
11.1 Introduction
11.2 Military Ships
11.3 Civil Ships
12 Global Hybrid and Full Electric Marine Propulsion Market, By Geography
12.1 Introduction
12.2 North America
12.2.1 US
12.2.2 Canada
12.2.3 Mexico
12.3 Europe
12.3.1 Germany
12.3.2 UK
12.3.3 Italy
12.3.4 France
12.3.5 Spain
12.3.6 Rest of Europe
12.4 Asia Pacific
12.4.1 Japan
12.4.2 China
12.4.3 India
12.4.4 Australia
12.4.5 New Zealand
12.4.6 South Korea
12.4.7 Rest of Asia Pacific
12.5 South America
12.5.1 Argentina
12.5.2 Brazil
12.5.3 Chile
12.5.4 Rest of South America
12.6 Middle East & Africa
12.6.1 Saudi Arabia
12.6.2 UAE
12.6.3 Qatar
12.6.4 South Africa
12.6.5 Rest of Middle East & Africa
13 Key Developments
13.1 Agreements, Partnerships, Collaborations and Joint Ventures
13.2 Acquisitions & Mergers
13.3 New Product Launch
13.4 Expansions
13.5 Other Key Strategies
14 Company Profiling
14.1 Caterpillar
14.2 AB Volvo Penta
14.3 Rolls Royce
14.4 BAE Systems
14.5 Wartsila
14.6 GE
14.7 Cummins
14.8 Niigata Power Systems
14.9 Torqeedo GmbH
14.10 Steyr Motors
14.11 Fairbanks Morse Engine
14.12 Masson-Marine SAS
14.13 MAN Diesel & Turbo
List of Tables
1 Global Hybrid and Full Electric Marine Propulsion Market Outlook, By Region (2018-2027) ($MN)
2 Global Hybrid and Full Electric Marine Propulsion Market Outlook, By Propulsion Type (2018-2027) ($MN)
3 Global Hybrid and Full Electric Marine Propulsion Market Outlook, By Full Electric Vessel (2018-2027) ($MN)
4 Global Hybrid and Full Electric Marine Propulsion Market Outlook, By Hybrid Vessel (2018-2027) ($MN)
5 Global Hybrid and Full Electric Marine Propulsion Market Outlook, By Power Rating (2018-2027) ($MN)
6 Global Hybrid and Full Electric Marine Propulsion Market Outlook, By Up to 1 MW (2018-2027) ($MN)
7 Global Hybrid and Full Electric Marine Propulsion Market Outlook, By 1.1-2 MW (2018-2027) ($MN)
8 Global Hybrid and Full Electric Marine Propulsion Market Outlook, By 2.1-3.5 MW (2018-2027) ($MN)
9 Global Hybrid and Full Electric Marine Propulsion Market Outlook, By Above 3.5 MW (2018-2027) ($MN)
10 Global Hybrid and Full Electric Marine Propulsion Market Outlook, By Vessel (2018-2027) ($MN)
11 Global Hybrid and Full Electric Marine Propulsion Market Outlook, By Cruise Ships (2018-2027) ($MN)
12 Global Hybrid and Full Electric Marine Propulsion Market Outlook, By Ferries (2018-2027) ($MN)
13 Global Hybrid and Full Electric Marine Propulsion Market Outlook, By Tugboats & Offshore Service Vessels (OSVs) (2018-2027) ($MN)
14 Global Hybrid and Full Electric Marine Propulsion Market Outlook, By Yachts (2018-2027) ($MN)
15 Global Hybrid and Full Electric Marine Propulsion Market Outlook, By Anchor Handling Tug Supply (AHTS) Vessels (2018-2027) ($MN)
16 Global Hybrid and Full Electric Marine Propulsion Market Outlook, By Submarines (2018-2027) ($MN)
17 Global Hybrid and Full Electric Marine Propulsion Market Outlook, By Platform Supply Vessel (PSV) (2018-2027) ($MN)
18 Global Hybrid and Full Electric Marine Propulsion Market Outlook, By Small Cargo Ships (2018-2027) ($MN)
19 Global Hybrid and Full Electric Marine Propulsion Market Outlook, By Other Vessels (2018-2027) ($MN)
20 Global Hybrid and Full Electric Marine Propulsion Market Outlook, By Underwater Vehicles (2018-2027) ($MN)
21 Global Hybrid and Full Electric Marine Propulsion Market Outlook, By Water Sports (2018-2027) ($MN)
22 Global Hybrid and Full Electric Marine Propulsion Market Outlook, By Fishing Vessels (2018-2027) ($MN)
23 Global Hybrid and Full Electric Marine Propulsion Market Outlook, By Revolution Per Minute (RPM) (2018-2027) ($MN)
24 Global Hybrid and Full Electric Marine Propulsion Market Outlook, By 0-1,000 RPM (2018-2027) ($MN)
25 Global Hybrid and Full Electric Marine Propulsion Market Outlook, By 1,001-2,500 RPM (2018-2027) ($MN)
26 Global Hybrid and Full Electric Marine Propulsion Market Outlook, By Above 2500 RPM (2018-2027) ($MN)
27 Global Hybrid and Full Electric Marine Propulsion Market Outlook, By Deadweight (2018-2027) ($MN)
28 Global Hybrid and Full Electric Marine Propulsion Market Outlook, By Less Than 5K Dead Weight Tonnage (DWT) (2018-2027) ($MN)
29 Global Hybrid and Full Electric Marine Propulsion Market Outlook, By 5K-10K Dead Weight Tonnage (DWT) (2018-2027) ($MN)
30 Global Hybrid and Full Electric Marine Propulsion Market Outlook, By More Than 10K Dead Weight Tonnage (DWT) (2018-2027) ($MN)
31 Global Hybrid and Full Electric Marine Propulsion Market Outlook, By Application (2018-2027) ($MN)
32 Global Hybrid and Full Electric Marine Propulsion Market Outlook, By Offshore Drilling (2018-2027) ($MN)
33 Global Hybrid and Full Electric Marine Propulsion Market Outlook, By Commercial (2018-2027) ($MN)
34 Global Hybrid and Full Electric Marine Propulsion Market Outlook, By Logistics (2018-2027) ($MN)
35 Global Hybrid and Full Electric Marine Propulsion Market Outlook, By End User (2018-2027) ($MN)
36 Global Hybrid and Full Electric Marine Propulsion Market Outlook, By Military Ships (2018-2027) ($MN)
37 Global Hybrid and Full Electric Marine Propulsion Market Outlook, By Civil Ships (2018-2027) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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