SHARE
Marine Hybrid And Full Electric Propulsion Market

Marine Hybrid & Full Electric Propulsion Market Forecasts to 2028 – Global Analysis By Power Rating, Fuel, Revolutions Per Minute (RPM), Propulsion, End User and By Geography

5.0 (70 reviews)
Published: May 2021 ID: SMRC20508
5.0 (70 reviews)
Published: May 2021 ID: SMRC20508

This report covers the impact of COVID-19 on this global market
Loading...

According to Stratistics MRC, the Global Marine Hybrid & Full Electric Propulsion Market is accounted for $3.42 billion in 2020 and is expected to reach $7.87 billion by 2028 growing at a CAGR of 11.0% during the forecast period. The increase in adoption of hybrid propulsion systems in retrofit ships and the significant increase in sea trade are the major factors propelling the market growth. However, high initial investments and inadequate infrastructure are hindering the market growth.

Marine propulsion is used to generate thrust to propel a boat and ship across the water. The arrangement of the entire propulsion system relies on the type of operation, the system of transport, and the size of the vessel. However, almost all types of vessels such as recreational vessels, defense vessels, yachts, ferries, and tugboats employ hybrid systems to move. Diesel-electric marine propulsion systems are increasingly used in marine vessels.
 
Based on the propulsion, the full electric propulsion segment is estimated to have a huge demand due to the implementation of stringent regulations related to the minimization of harmful carbon emissions. Full electric marine propulsion enhances the overall efficiency of the vessel. It also reduces the carbon footprint.

By geography, the Asia Pacific is going to have lucrative growth during the forecast period. Investments in the shipping industry have increased significantly in the region over the past few years, due to the rise in sea trade in countries such as China and Japan.

Some of the key players profiled in the Marine Hybrid & Full Electric Propulsion Market include Wärtsilä, Torqeedo, STEYR MOTORS, Rolls-Royce plc, Masson Marine, Cummins, IHI Power Systems Co.,Ltd., General Electric, Fairbanks-Morse, MAN Energy Solutions, Caterpillar, BAE Systems, and AB Volvo.
 
Power Ratings Covered:
• Up to 1 Megawatt
• 1.1 Megawatt - 2 Megawatt
• 2.1 Megawatt - 3.5 Megawatt
• Above 3.5 Megawatt

Fuels Covered:
• Hydrogen
• Liquefied Natural Gas (LNG)
• Diesel
• Other Fuels

Revolutions Per Minute (RPM) Covered:
• 0 RPM - 1,000 RPM
• 1,001 RPM - 2,500 RPM
• Above 2,500 RPM

Propulsions Covered:
• Hybrid Propulsion
• Full Electric Propulsion

End Users Covered:
• Cruise Ships
• Defense Vessels
• Ferries
• Offshore Support Vehicles
• Tugboats
• Yachts
• Other End Users

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan       
o China       
o India       
o Australia 
o New Zealand
o South Korea
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 2019, 2020, 2021, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- 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

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 End User Analysis             
 3.7 Emerging Markets            
 3.8 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 Marine Hybrid & Full Electric Propulsion Market, By Power Rating            
 
 5.1 Introduction            
 5.2 Up to 1 Megawatt             
 5.3 1.1 Megawatt - 2 Megawatt             
 5.4 2.1 Megawatt - 3.5 Megawatt            
 5.5 Above 3.5 Megawatt            
              
6 Global Marine Hybrid & Full Electric Propulsion Market, By Fuel             
 6.1 Introduction             
 6.2 Hydrogen            
 6.3 Liquefied Natural Gas (LNG)            
 6.4 Diesel            
 6.5 Other Fuels            
  6.5.1 Nuclear Fuel           
  6.5.2 Heavy Fuel Oil           
  6.5.3 Biodiesel           
              
7 Global Marine Hybrid & Full Electric Propulsion Market, By Revolutions Per Minute (RPM)             
 7.1 Introduction            
 7.2 0 RPM - 1,000 RPM            
 7.3 1,001 RPM - 2,500 RPM            
 7.4 Above 2,500 RPM            
              
8 Global Marine Hybrid & Full Electric Propulsion Market, By Propulsion             
 8.1 Introduction            
 8.2 Hybrid Propulsion            
 8.3 Full Electric Propulsion            
              
9 Global Marine Hybrid & Full Electric Propulsion Market, By End User             
 9.1 Introduction            
 9.2 Cruise Ships            
 9.3 Defense Vessels            
 9.4 Ferries            
 9.5 Offshore Support Vehicles            
 9.6 Tugboats            
 9.7 Yachts            
 9.8 Other End Users            
  9.8.1 Oil Tankers           
  9.8.2 Container Ships           
  9.8.3 Cargo Ships           
  9.8.4 Roll-On & Roll-Off Ships           
              
10 Global Marine Hybrid & Full Electric Propulsion Market, By Geography             
 10.1 Introduction            
 10.2 North America            
  10.2.1 US           
  10.2.2 Canada           
  10.2.3 Mexico           
 10.3 Europe            
  10.3.1 Germany           
  10.3.2 UK           
  10.3.3 Italy           
  10.3.4 France           
  10.3.5 Spain           
  10.3.6 Rest of Europe           
 10.4 Asia Pacific            
  10.4.1 Japan           
  10.4.2 China           
  10.4.3 India           
  10.4.4 Australia           
  10.4.5 New Zealand           
  10.4.6 South Korea           
  10.4.7 Rest of Asia Pacific           
 10.5 South America            
  10.5.1 Argentina           
  10.5.2 Brazil           
  10.5.3 Chile           
  10.5.4 Rest of South America            
 10.6 Middle East & Africa            
  10.6.1 Saudi Arabia           
  10.6.2 UAE           
  10.6.3 Qatar           
  10.6.4 South Africa           
  10.6.5 Rest of Middle East & Africa           
              
11 Key Developments              
 11.1 Agreements, Partnerships, Collaborations and Joint Ventures            
 11.2 Acquisitions & Mergers            
 11.3 New Product Launch            
 11.4 Expansions            
 11.5 Other Key Strategies            
               
12 Company Profiling             
 12.1 Wärtsilä            
 12.2 Torqeedo            
 12.3 STEYR MOTORS            
 12.4 Rolls-Royce plc            
 12.5 Masson Marine            
 12.6 Cummins            
 12.7 IHI Power Systems Co.,Ltd.             
 12.8 General Electric            
 12.9 Fairbanks-Morse            
 12.10 MAN Energy Solutions            
 12.11 Caterpillar            
 12.12 BAE Systems             
 12.13 AB Volvo            


List of Tables               
1 Global Marine Hybrid & Full Electric Propulsion Market Outlook, By Region (2019-2028) ($MN)             
2 Global Marine Hybrid & Full Electric Propulsion Market Outlook, By Power Rating (2019-2028) ($MN)             
3 Global Marine Hybrid & Full Electric Propulsion Market Outlook, By Up to 1 Megawatt (2019-2028) ($MN)             
4 Global Marine Hybrid & Full Electric Propulsion Market Outlook, By 1.1 Megawatt - 2 Megawatt  (2019-2028) ($MN)             
5 Global Marine Hybrid & Full Electric Propulsion Market Outlook, By 2.1 Megawatt - 3.5 Megawatt (2019-2028) ($MN)             
6 Global Marine Hybrid & Full Electric Propulsion Market Outlook, By Above 3.5 Megawatt (2019-2028) ($MN)             
7 Global Marine Hybrid & Full Electric Propulsion Market Outlook, By Fuel (2019-2028) ($MN)             
8 Global Marine Hybrid & Full Electric Propulsion Market Outlook, By Hydrogen (2019-2028) ($MN)             
9 Global Marine Hybrid & Full Electric Propulsion Market Outlook, By Liquefied Natural Gas (LNG) (2019-2028) ($MN)             
10 Global Marine Hybrid & Full Electric Propulsion Market Outlook, By Diesel (2019-2028) ($MN)             
11 Global Marine Hybrid & Full Electric Propulsion Market Outlook, By Other Fuels (2019-2028) ($MN)              
12 Global Marine Hybrid & Full Electric Propulsion Market Outlook, By Nuclear Fuel (2019-2028) ($MN)             
13 Global Marine Hybrid & Full Electric Propulsion Market Outlook, By Heavy Fuel Oil (2019-2028) ($MN)             
14 Global Marine Hybrid & Full Electric Propulsion Market Outlook, By Biodiesel (2019-2028) ($MN)             
15 Global Marine Hybrid & Full Electric Propulsion Market Outlook, By Revolutions Per Minute (RPM) (2019-2028) ($MN)             
16 Global Marine Hybrid & Full Electric Propulsion Market Outlook, By 0 RPM - 1,000 RPM (2019-2028) ($MN)             
17 Global Marine Hybrid & Full Electric Propulsion Market Outlook, By 1,001 RPM - 2,500 RPM (2019-2028) ($MN)             
18 Global Marine Hybrid & Full Electric Propulsion Market Outlook, By Above 2,500 RPM (2019-2028) ($MN)             
19 Global Marine Hybrid & Full Electric Propulsion Market Outlook, By Propulsion (2019-2028) ($MN)             
20 Global Marine Hybrid & Full Electric Propulsion Market Outlook, By Hybrid Propulsion (2019-2028) ($MN)             
21 Global Marine Hybrid & Full Electric Propulsion Market Outlook, By Full Electric Propulsion (2019-2028) ($MN)             
22 Global Marine Hybrid & Full Electric Propulsion Market Outlook, By End User (2019-2028) ($MN)             
23 Global Marine Hybrid & Full Electric Propulsion Market Outlook, By Cruise Ships (2019-2028) ($MN)             
24 Global Marine Hybrid & Full Electric Propulsion Market Outlook, By Defense Vessels (2019-2028) ($MN)             
25 Global Marine Hybrid & Full Electric Propulsion Market Outlook, By Ferries (2019-2028) ($MN)             
26 Global Marine Hybrid & Full Electric Propulsion Market Outlook, By Offshore Support Vehicles (2019-2028) ($MN)             
27 Global Marine Hybrid & Full Electric Propulsion Market Outlook, By Tugboats (2019-2028) ($MN)             
28 Global Marine Hybrid & Full Electric Propulsion Market Outlook, By Yachts (2019-2028) ($MN)             
29 Global Marine Hybrid & Full Electric Propulsion Market Outlook, By Other End Users (2019-2028) ($MN)             
30 Global Marine Hybrid & Full Electric Propulsion Market Outlook, By Oil Tankers (2019-2028) ($MN)             
31 Global Marine Hybrid & Full Electric Propulsion Market Outlook, By Container Ships (2019-2028) ($MN)             
32 Global Marine Hybrid & Full Electric Propulsion Market Outlook, By Cargo Ships (2019-2028) ($MN)             
33 Global Marine Hybrid & Full Electric Propulsion Market Outlook, By Roll-On & Roll-Off Ships (2019-2028) ($MN)             
              
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.             

In case of any queries regarding this report, you can contact the customer service by filing the “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: info@strategymrc.com or phone: +1-301-202-5929

Yes, the samples are available for all the published reports. You can request them by filling the “Request Sample” option available in this page.

Yes, you can request a sample with your specific requirements. All the customized samples will be provided as per the requirement with the real data masked.

All our reports are available in Digital PDF format. In case if you require them in any other formats, such as PPT, Excel etc you can submit a request through “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: info@strategymrc.com or phone: +1-301-202-5929

We offer a free 15% customization with every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.

We have 3 different licensing options available in electronic format.

  • Single User Licence: Allows one person, typically the buyer, to have access to the ordered product. The ordered product cannot be distributed to anyone else.
  • 2-5 User Licence: Allows the ordered product to be shared among a maximum of 5 people within your organisation.
  • Corporate License: Allows the product to be shared among all employees of your organisation regardless of their geographical location.

All our reports are typically be emailed to you as an attachment.

To order any available report you need to register on our website. The payment can be made either through CCAvenue or PayPal payments gateways which accept all international cards.

We extend our support to 6 months post sale. A post sale customization is also provided to cover your unmet needs in the report.

We provide a free 15% customization on every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.

Note: This customization is absolutely free until it falls under the 15% bracket. If your requirement exceeds this a feasibility check will be performed. Post that, a quote will be provided along with the timelines.

Select License Type

Allows one person to have access to the ordered product.The ordered product cannot be distributed to anyone else.
Allows the ordered product to be shared among a maximum of 5 people within your organisation.
Allows the product to be shared among all employees of your organisation at one particular location.
Allows the product to be shared among all employees of your organisation regardless of their geographical location.

WHY CHOOSE US ?

Assured Quality

Assured Quality

Best in class reports with high standard of research integrity

24X7 Research Support

24X7 Research Support

Continuous support to ensure the best customer experience.

Free Customization

Free Customization

Adding more values to your product of interest.

Safe and Secure Access

Safe & Secure Access

Providing a secured environment for all online transactions.

Trusted by 600+ Brands

Trusted by 600+ Brands

Serving the most reputed brands across the world.

Testimonials