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Global Hybrid And Full Electric Marine Propulsion Market Report By Propulsion Type (Full Electric Vessel And Hybrid Vessel), Vessel (Tugboats & OSVs, Ferries, Defense Vessels, Yachts, Cruise Ships And Others), Power Rating (Up To 1 MW, 1.1-2 MW, 2.1-3.5 M, And Above 3.5 MW), RPM (0-1000 RPM, 1001-2500 RPM, And Above 2500 RPM) And By Regions - Industry Trends, Size, Share, Growth, Estimation And Forecast, 2021-2028
ID:VMR11211168
March 2022
Report Formats:
The global demand for Hybrid And Full Electric Marine Propulsion Market is presumed to reach the valuation of nearlyUSD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% under the study period of 2022-2028. Whereas with regards to volume, the market was calculated XX Units in 2021 and foreseen to touch XX Units by 2028 with a CAGR of XX% during 2021-2027.
The marine propulsion is the mechanism or system, which is used to generate thrust with the help of propeller shaft for the movement of ship or boat across water. The setup of the marine propulsion system depends on the vessel size, trade or type of operation. In hybrid marine propulsion, battery, as well as alternate fuel such as diesel and LNG, are utilized during propulsion of the vessel. In full electric marine propulsion, 100% propulsion is made through the usage of rechargeable battery packs.
Market Dynamics
The increasing number of marine ships for operational purpose inside and outside a country is boosting the demand for fuel-efficient marine propulsion systems. Increasing usage of ferries for transportation purposes in coastal waterways is fuelling the market growth. Increasing investment for the development of fuel-efficient marine propulsion systems owing to the implementation of strict regulations around the emission control areas (ECA) across the globe is further fuelling the demand in the market. However, strict rules and regulations and volatility in crude oil are likely to hamper the market growth. Whereas, numerous attractive technologically advanced models are expected to be introduced across the globe, which is expected to create potential opportunity over the forecast period.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of hybrid and full electric marine propulsion.
Market Segmentation
The entire hybrid and full electric marine propulsion market has been sub-categorized into propulsion type, vessel, power rating, and RPM. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
By Propulsion Type
By Vessel
By Power Rating
By RPM
Regional Analysis
This section covers regional segmentation which accentuates on current and future demand for hybrid and full electric marine propulsion market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Hybrid And Full Electric Marine Propulsion Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the hybrid and full electric marine propulsion market include AB Volvo Penta, BAE Systems, Caterpillar Inc., Cummins Inc., Fairbanks Morse Engine, GE, MAN Diesel & Turbo SE, Masson-Marine S.A.S, Niigata Power Systems Co., Ltd., Rolls Royce Plc., STEYR MOTORS GmbH, Torqeedo GmbH, and Wärtsilä Corporation. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
METHODOLOGY:
This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.
The marine propulsion is the mechanism or system, which is used to generate thrust with the help of propeller shaft for the movement of ship or boat across water. The setup of the marine propulsion system depends on the vessel size, trade or type of operation. In hybrid marine propulsion, battery, as well as alternate fuel such as diesel and LNG, are utilized during propulsion of the vessel. In full electric marine propulsion, 100% propulsion is made through the usage of rechargeable battery packs.
Market Dynamics
The increasing number of marine ships for operational purpose inside and outside a country is boosting the demand for fuel-efficient marine propulsion systems. Increasing usage of ferries for transportation purposes in coastal waterways is fuelling the market growth. Increasing investment for the development of fuel-efficient marine propulsion systems owing to the implementation of strict regulations around the emission control areas (ECA) across the globe is further fuelling the demand in the market. However, strict rules and regulations and volatility in crude oil are likely to hamper the market growth. Whereas, numerous attractive technologically advanced models are expected to be introduced across the globe, which is expected to create potential opportunity over the forecast period.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of hybrid and full electric marine propulsion.
Market Segmentation
The entire hybrid and full electric marine propulsion market has been sub-categorized into propulsion type, vessel, power rating, and RPM. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
By Propulsion Type
- Full Electric Vessel
- Hybrid Vessel
By Vessel
- Tugboats & OSVs
- Ferries
- Defense Vessels
- Yachts
- Cruise Ships
- Others
By Power Rating
- Up to 1 MW
- 1.1-2 MW
- 2.1-3.5 MW
- Above 3.5 MW
By RPM
- 0-1000 RPM
- 1001-2500 RPM
- Above 2500 RPM
Regional Analysis
This section covers regional segmentation which accentuates on current and future demand for hybrid and full electric marine propulsion market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Hybrid And Full Electric Marine Propulsion Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the hybrid and full electric marine propulsion market include AB Volvo Penta, BAE Systems, Caterpillar Inc., Cummins Inc., Fairbanks Morse Engine, GE, MAN Diesel & Turbo SE, Masson-Marine S.A.S, Niigata Power Systems Co., Ltd., Rolls Royce Plc., STEYR MOTORS GmbH, Torqeedo GmbH, and Wärtsilä Corporation. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
METHODOLOGY:
This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.
1 . PREFACE
1.1. Report Description
1.1.1. Objective
1.1.2. Target Audience
1.1.3. Unique Selling Proposition (USP) & offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Market Research Process
1.3.2. Market Research Methodology
2 . EXECUTIVE SUMMARY
2.1. Highlights of Market
2.2. Global Market Snapshot
3 . HYBRID AND FULL ELECTRIC MARINE PROPULSION – INDUSTRY ANALYSIS
3.1. Introduction - Market Dynamics
3.2. Market Drivers
3.3. Market Restraints
3.4. Opportunities
3.5. Industry Trends
3.6. Porter’s Five Force Analysis
3.7. Market Attractiveness Analysis
3.7.1 Market Attractiveness Analysis By Propulsion Type
3.7.2 Market Attractiveness Analysis By Vessel
3.7.3 Market Attractiveness Analysis By Power Rating
3.7.4 Market Attractiveness Analysis By RPM
3.7.5 Market Attractiveness Analysis By Region
4 . VALUE CHAIN ANALYSIS
4.1. Value Chain Analysis
4.2. Raw Material Analysis
4.2.1. List of Raw Materials
4.2.2. Raw Material Manufactures List
4.2.3. Price Trend of Key Raw Materials
4.3. List of Potential Buyers
4.4. Marketing Channel
4.4.1. Direct Marketing
4.4.2. Indirect Marketing
4.4.3. Marketing Channel Development Trend
5 . IMPACT ANALYSIS OF COVID-19 OUTBREAK
5.1. Impact Analysis of Covid-19 Outbreak
5.1.1. Direct Impact on Production
5.1.2. Supply Chain and Market Disruption
5.1.3. Financial Impact on Firms and Financial Markets
5.2. COVID-19 Impact Analysis by Production, Import, Export and Demand
5.3. Market: Pre V/S Post COVID-19
5.4. Estimated Impact of the Coronavirus (COVID-19) Epidemic
5.5. COVID-19: Micro and Macro Factor Analysis
6 . GLOBAL HYBRID AND FULL ELECTRIC MARINE PROPULSION MARKET ANALYSIS BY PROPULSION TYPE
6.1 Overview by Propulsion Type
6.2 Historical and Forecast Data
6.3 Analysis by Propulsion Type
6.4 Full Electric Vessel Historic and Forecast Sales by Regions
6.5 Hybrid Vessel Historic and Forecast Sales by Regions
7 . GLOBAL HYBRID AND FULL ELECTRIC MARINE PROPULSION MARKET ANALYSIS BY VESSEL
7.1 Overview by Vessel
7.2 Historical and Forecast Data
7.3 Analysis by Vessel
7.4 Tugboats & OSVs Historic and Forecast Sales by Regions
7.5 Ferries Historic and Forecast Sales by Regions
7.6 Defense Vessels Historic and Forecast Sales by Regions
7.7 Yachts Historic and Forecast Sales by Regions
7.8 Cruise Ships Historic and Forecast Sales by Regions
7.9 Others Historic and Forecast Sales by Regions
8 . GLOBAL HYBRID AND FULL ELECTRIC MARINE PROPULSION MARKET ANALYSIS BY POWER RATING
8.1 Overview by Power Rating
8.2 Historical and Forecast Data
8.3 Analysis by Power Rating
8.4 Up to 1 MW Historic and Forecast Sales by Regions
8.5 1.1-2 MW Historic and Forecast Sales by Regions
8.6 2.1-3.5 MW Historic and Forecast Sales by Regions
8.7 Above 3.5 MW Historic and Forecast Sales by Regions
9 . GLOBAL HYBRID AND FULL ELECTRIC MARINE PROPULSION MARKET ANALYSIS BY RPM
9.1 Overview by RPM
9.2 Historical and Forecast Data
9.3 Analysis by RPM
9.4 0-1000 RPM Historic and Forecast Sales by Regions
9.5 1001-2500 RPM Historic and Forecast Sales by Regions
9.6 Above 2500 RPM Historic and Forecast Sales by Regions
10 . GLOBAL HYBRID AND FULL ELECTRIC MARINE PROPULSION MARKET ANALYSIS BY GEOGRAPHY
10.1. Regional Outlook
10.2. Introduction
10.3. North America Sales Analysis
10.3.1. Overview, Historic and Forecast Sales Analysis
10.3.2. North America By Segment Sales Analysis
10.3.3. North America By Country Sales Analysis
10.3.4. United State Sales Analysis
10.3.5. Canada Sales Analysis
10.3.6. Mexico Sales Analysis
10.4. Europe Sales Analysis
10.4.1. Overview, Historic and Forecast Sales Analysis
10.4.2. Europe by Segment Sales Analysis
10.4.3. Europe by Country Sales Analysis
10.4.4. United Kingdom Sales Analysis
10.4.5. France Sales Analysis
10.4.6. Germany Sales Analysis
10.4.7. Italy Sales Analysis
10.4.8. Russia Sales Analysis
10.4.9. Rest Of Europe Sales Analysis
10.5. Asia Pacific Sales Analysis
10.5.1. Overview, Historic and Forecast Sales Analysis
10.5.2. Asia Pacific by Segment Sales Analysis
10.5.3. Asia Pacific by Country Sales Analysis
10.5.4. China Sales Analysis
10.5.5. India Sales Analysis
10.5.6. Japan Sales Analysis
10.5.7. South Korea Sales Analysis
10.5.8. Australia Sales Analysis
10.5.9. Rest Of Asia Pacific Sales Analysis
10.6. Latin America Sales Analysis
10.6.1. Overview, Historic and Forecast Sales Analysis
10.6.2. Latin America by Segment Sales Analysis
10.6.3. Latin America by Country Sales Analysis
10.6.4. Brazil Sales Analysis
10.6.5. Argentina Sales Analysis
10.6.6. Peru Sales Analysis
10.6.7. Chile Sales Analysis
10.6.8. Rest of Latin America Sales Analysis
10.7. Middle East & Africa Sales Analysis
10.7.1. Overview, Historic and Forecast Sales Analysis
10.7.2. Middle East & Africa by Segment Sales Analysis
10.7.3. Middle East & Africa by Country Sales Analysis
10.7.4. Saudi Arabia Sales Analysis
10.7.5. UAE Sales Analysis
10.7.6. Israel Sales Analysis
10.7.7. South Africa Sales Analysis
10.7.8. Rest Of Middle East And Africa Sales Analysis
11 . COMPETITIVE LANDSCAPE OF THE HYBRID AND FULL ELECTRIC MARINE PROPULSION COMPANIES
11.1. Hybrid And Full Electric Marine Propulsion Market Competition
11.2. Partnership/Collaboration/Agreement
11.3. Merger And Acquisitions
11.4. New Product Launch
11.5. Other Developments
12 . COMPANY PROFILES OF HYBRID AND FULL ELECTRIC MARINE PROPULSION INDUSTRY
12.1. Top 10 Company Share Analysis
12.2. Market Concentration Rate
12.3. AB Volvo Penta
12.3.1. Company Overview
12.3.2. Company Revenue
12.3.3. Products
12.3.4. Recent Developments
12.4. BAE Systems
12.4.1. Company Overview
12.4.2. Company Revenue
12.4.3. Products
12.4.4. Recent Developments
12.5. Caterpillar Inc.
12.5.1. Company Overview
12.5.2. Company Revenue
12.5.3. Products
12.5.4. Recent Developments
12.6. Cummins Inc.
12.6.1. Company Overview
12.6.2. Company Revenue
12.6.3. Products
12.6.4. Recent Developments
12.7. Fairbanks Morse Engine
12.7.1. Company Overview
12.7.2. Company Revenue
12.7.3. Products
12.7.4. Recent Developments
12.8. GE
12.8.1. Company Overview
12.8.2. Company Revenue
12.8.3. Products
12.8.4. Recent Developments
12.9. MAN Diesel & Turbo SE
12.9.1. Company Overview
12.9.2. Company Revenue
12.9.3. Products
12.9.4. Recent Developments
12.10. Masson-Marine S.A.S
12.10.1. Company Overview
12.10.2. Company Revenue
12.10.3. Products
12.10.4. Recent Developments
12.11. Niigata Power Systems Co. Ltd.
12.11.1. Company Overview
12.11.2. Company Revenue
12.11.3. Products
12.11.4. Recent Developments
12.12. Rolls Royce Plc.
12.12.1. Company Overview
12.12.2. Company Revenue
12.12.3. Products
12.12.4. Recent Developments
12.13. STEYR MOTORS GmbH
12.13.1. Company Overview
12.13.2. Company Revenue
12.13.3. Products
12.13.4. Recent Developments
12.14. Torqeedo GmbH
12.14.1. Company Overview
12.14.2. Company Revenue
12.14.3. Products
12.14.4. Recent Developments
12.15. Wärtsilä Corporation.
12.15.1. Company Overview
12.15.2. Company Revenue
12.15.3. Products
12.15.4. Recent Developments
*Note - in company profiling, financial details and recent development are subject to availability or might not be covered in case of private companies
LIST OF TABLES
- Market Snapshot
- Drivers : Impact Analysis
- Restraints : Impact Analysis
- List of Raw Material
- List of Raw Material Manufactures
- List of Potential Buyers
- COVID-19 Impact Analysis by Production, Import, Export and Demand
- Pre V/S Post COVID-19
- Estimated Impact Of The Coronavirus (Covid-19) Epidemic
- COVID-19: Micro and Macro Factor Analysis
- Analysis by Propulsion Type (USD MN)
- Full Electric Vessel Market Sales by Geography (USD MN)
- Hybrid Vessel Market Sales by Geography (USD MN)
- Analysis Market by Vessel (USD MN)
- Tugboats & OSVs Market Sales by Geography (USD MN)
- Ferries Market Sales by Geography (USD MN)
- Defense Vessels Market Sales by Geography (USD MN)
- Yachts Market Sales by Geography (USD MN)
- Cruise Ships Market Sales by Geography (USD MN)
- Others Market Sales by Geography (USD MN)
- Analysis by Power Rating (USD MN)
- Up to 1 MW Market Sales by Geography (USD MN)
- 1.1-2 MW Market Sales by Geography (USD MN)
- 2.1-3.5 MW Market Sales by Geography (USD MN)
- Above 3.5 MW Market Sales by Geography (USD MN)
- Analysis by RPM (USD MN)
- 0-1000 RPM Market Sales by Geography (USD MN)
- 1001-2500 RPM Market Sales by Geography (USD MN)
- Above 2500 RPM Market Sales by Geography (USD MN)
- Global Hybrid And Full Electric Marine Propulsion Market Sales by Geography (USD MN)
- North America Market Analysis (USD MN)
- United State Market Analysis (USD MN)
- Canada Market Analysis (USD MN)
- Mexico Market Analysis (USD MN)
- Europe Market Analysis (USD MN)
- Europe Market Estimate by Country (USD MN)
- United Kingdom Market Analysis (USD MN)
- France Market Analysis (USD MN)
- Germany Market Analysis (USD MN)
- Italy Market Analysis (USD MN)
- Russia Market Analysis (USD MN)
- Spain Market Analysis (USD MN)
- Rest of Europe Market Analysis (USD MN)
- Asia Pacific Market Analysis (USD MN)
- China Market Analysis (USD MN)
- Japan Market Analysis (USD MN)
- India Market Analysis (USD MN)
- South Korea Market Analysis (USD MN)
- Australia Market Analysis (USD MN)
- Rest of Asia Pacific Market Analysis (USD MN)
- Latin America Market Analysis (USD MN)
- Brazil Market Analysis (USD MN)
- Argentina Market Analysis (USD MN)
- Peru Market Analysis (USD MN)
- Chile Market Analysis (USD MN)
- Rest of Latin America Market Analysis (USD MN)
- Middle East & Africa Market Analysis (USD MN)
- Saudi Arabia Market Analysis (USD MN)
- UAE Market Analysis (USD MN)
- Israel Market Analysis (USD MN)
- South Africa Market Analysis (USD MN)
- Rest of Middle East and Africa Market Analysis (USD MN)
- Partnership/Collaboration/Agreement
- Mergers And Acquisiton
LIST OF FIGURES
- Research Scope of Hybrid And Full Electric Marine Propulsion Report
- Market Research Process
- Market Research Methodology
- Global Hybrid And Full Electric Marine Propulsion Market Size, by Region (USD MN)
- Porters Five Forces Analysis
- Market Attractiveness Analysis by Propulsion Type
- Market Attractiveness Analysis by Vessel
- Market Attractiveness Analysis by Power Rating
- Market Attractiveness Analysis by RPM
- Market Attractiveness Analysis by Region
- Value Chain Analysis
- Global Market Analysis by Propulsion Type (USD MN)
- Full Electric Vessel Market Sales by Geography (USD MN)
- Hybrid Vessel Market Sales by Geography (USD MN)
- Global Market Analysis by Vessel (USD MN)
- Tugboats & OSVs Market Sales by Geography (USD MN)
- Ferries Market Sales by Geography (USD MN)
- Defense Vessels Market Sales by Geography (USD MN)
- Yachts Market Sales by Geography (USD MN)
- Cruise Ships Market Sales by Geography (USD MN)
- Others Market Sales by Geography (USD MN)
- Global Market Analysis by Power Rating (USD MN)
- Up to 1 MW Market Sales by Geography (USD MN)
- 1.1-2 MW Market Sales by Geography (USD MN)
- 2.1-3.5 MW Market Sales by Geography (USD MN)
- Above 3.5 MW Market Sales by Geography (USD MN)
- Global Market Analysis by RPM (USD MN)
- 0-1000 RPM Market Sales by Geography (USD MN)
- 1001-2500 RPM Market Sales by Geography (USD MN)
- Above 2500 RPM Market Sales by Geography (USD MN)
- Global Market by Revenue
- North America Market by Revenue
- Europe Market by Revenue
- Asia Pacific Market by Revenue
- Latin America Market by Revenue
- Middle East & Africa Market by Revenue
- Recent Development in Industry
- Top 10 Company Share Analysis
* Kindly note that the above listed are the basic tables and figures of the report and are not limited to the TOC.
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Objectives of Study
- Define and measure the global market
- Volume or revenue forecast of the global market and its various sub-segments with respect to main geographies
- Analyze and identify major market trends along with the factors driving or inhibiting the market growth
- Study the company profiles of the major market players with their market share
- Analyze competitive developments