

An Electric Ship Propulsion System is a propulsion technology for watercraft that replaces traditional internal combustion engines with electric motors powered by batteries. This system eliminates the need for fuel consumption, reduces emissions, and provides a more sustainable and environmentally friendly solution for marine transportation. Electric ship propulsion systems are gaining popularity in various vessels, including boats and ships, offering advantages such as reduced noise, lower maintenance costs, and improved energy efficiency. These systems typically include components like electric motors, power electronics, batteries, and control systems, contributing to the growing trend of electrification in the maritime industry.
The global Electric Ship Propulsion System market size is projected to grow from US$ million in 2023 to US$ million in 2030; it is expected to grow at a CAGR of % from 2024 to 2030.
The “Electric Ship Propulsion System Industry Forecast” looks at past sales and reviews total world Electric Ship Propulsion System sales in 2023, providing a comprehensive analysis by region and market sector of projected Electric Ship Propulsion System sales for 2024 through 2030. With Electric Ship Propulsion System sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Electric Ship Propulsion System industry.
This Insight Report provides a comprehensive analysis of the global Electric Ship Propulsion System landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Electric Ship Propulsion System portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Electric Ship Propulsion System market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Electric Ship Propulsion System and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Electric Ship Propulsion System.
United States market for Electric Ship Propulsion System is estimated to increase from US$ million in 2023 to US$ million by 2030, at a CAGR of % from 2024 through 2030.
China market for Electric Ship Propulsion System is estimated to increase from US$ million in 2023 to US$ million by 2030, at a CAGR of % from 2024 through 2030.
Europe market for Electric Ship Propulsion System is estimated to increase from US$ million in 2023 to US$ million by 2030, at a CAGR of % from 2024 through 2030.
Global key Electric Ship Propulsion System players cover Yanmar, äٲä, Yaskawa Electric, Siemens Energy and GE Power, etc. In terms of revenue, the global two largest companies occupied for a share nearly % in 2023.
This report presents a comprehensive overview, market shares, and growth opportunities of Electric Ship Propulsion System market by product type, application, key manufacturers and key regions and countries.
Segmentation by type
Diesel Driven Prime Mover
Steam Driven Prime Mover
Segmentation by application
Tugs
Offshore Vessels
Research and Special Vessels
Large Cruise Ships
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Yanmar
äٲä
Yaskawa Electric
Siemens Energy
GE Power
ABB
Volvo Penta
Oceanvolt
Nidec Industrial
DAIHATSU
e-Motion Hybrid System
Twin Disc
BAE Systems
Kawasaki
Key Questions Addressed in this Report
What is the 10-year outlook for the global Electric Ship Propulsion System market?
What factors are driving Electric Ship Propulsion System market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Electric Ship Propulsion System market opportunities vary by end market size?
How does Electric Ship Propulsion System break out type, application?
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1 Scope of the Report
1.1 Market Introduction
1.2 Years Considered
1.3 Research Objectives
1.4 Market Research Methodology
1.5 Research Process and Data Source
1.6 Economic Indicators
1.7 Currency Considered
1.8 Market Estimation Caveats
2 Executive Summary
2.1 World Market Overview
2.1.1 Global Electric Ship Propulsion System Annual Sales 2019-2030
2.1.2 World Current & Future Analysis for Electric Ship Propulsion System by Geographic Region, 2019, 2023 & 2030
2.1.3 World Current & Future Analysis for Electric Ship Propulsion System by Country/Region, 2019, 2023 & 2030
2.2 Electric Ship Propulsion System Segment by Type
2.2.1 Diesel Driven Prime Mover
2.2.2 Steam Driven Prime Mover
2.3 Electric Ship Propulsion System Sales by Type
2.3.1 Global Electric Ship Propulsion System Sales Market Share by Type (2019-2024)
2.3.2 Global Electric Ship Propulsion System Revenue and Market Share by Type (2019-2024)
2.3.3 Global Electric Ship Propulsion System Sale Price by Type (2019-2024)
2.4 Electric Ship Propulsion System Segment by Application
2.4.1 Tugs
2.4.2 Offshore Vessels
2.4.3 Research and Special Vessels
2.4.4 Large Cruise Ships
2.5 Electric Ship Propulsion System Sales by Application
2.5.1 Global Electric Ship Propulsion System Sale Market Share by Application (2019-2024)
2.5.2 Global Electric Ship Propulsion System Revenue and Market Share by Application (2019-2024)
2.5.3 Global Electric Ship Propulsion System Sale Price by Application (2019-2024)
3 Global Electric Ship Propulsion System by Company
3.1 Global Electric Ship Propulsion System Breakdown Data by Company
3.1.1 Global Electric Ship Propulsion System Annual Sales by Company (2019-2024)
3.1.2 Global Electric Ship Propulsion System Sales Market Share by Company (2019-2024)
3.2 Global Electric Ship Propulsion System Annual Revenue by Company (2019-2024)
3.2.1 Global Electric Ship Propulsion System Revenue by Company (2019-2024)
3.2.2 Global Electric Ship Propulsion System Revenue Market Share by Company (2019-2024)
3.3 Global Electric Ship Propulsion System Sale Price by Company
3.4 Key Manufacturers Electric Ship Propulsion System Producing Area Distribution, Sales Area, Product Type
3.4.1 Key Manufacturers Electric Ship Propulsion System Product Location Distribution
3.4.2 Players Electric Ship Propulsion System Products Offered
3.5 Market Concentration Rate Analysis
3.5.1 Competition Landscape Analysis
3.5.2 Concentration Ratio (CR3, CR5 and CR10) & (2019-2024)
3.6 New Products and Potential Entrants
3.7 Mergers & Acquisitions, Expansion
4 World Historic Review for Electric Ship Propulsion System by Geographic Region
4.1 World Historic Electric Ship Propulsion System Market Size by Geographic Region (2019-2024)
4.1.1 Global Electric Ship Propulsion System Annual Sales by Geographic Region (2019-2024)
4.1.2 Global Electric Ship Propulsion System Annual Revenue by Geographic Region (2019-2024)
4.2 World Historic Electric Ship Propulsion System Market Size by Country/Region (2019-2024)
4.2.1 Global Electric Ship Propulsion System Annual Sales by Country/Region (2019-2024)
4.2.2 Global Electric Ship Propulsion System Annual Revenue by Country/Region (2019-2024)
4.3 Americas Electric Ship Propulsion System Sales Growth
4.4 APAC Electric Ship Propulsion System Sales Growth
4.5 Europe Electric Ship Propulsion System Sales Growth
4.6 Middle East & Africa Electric Ship Propulsion System Sales Growth
5 Americas
5.1 Americas Electric Ship Propulsion System Sales by Country
5.1.1 Americas Electric Ship Propulsion System Sales by Country (2019-2024)
5.1.2 Americas Electric Ship Propulsion System Revenue by Country (2019-2024)
5.2 Americas Electric Ship Propulsion System Sales by Type
5.3 Americas Electric Ship Propulsion System Sales by Application
5.4 United States
5.5 Canada
5.6 Mexico
5.7 Brazil
6 APAC
6.1 APAC Electric Ship Propulsion System Sales by Region
6.1.1 APAC Electric Ship Propulsion System Sales by Region (2019-2024)
6.1.2 APAC Electric Ship Propulsion System Revenue by Region (2019-2024)
6.2 APAC Electric Ship Propulsion System Sales by Type
6.3 APAC Electric Ship Propulsion System Sales by Application
6.4 China
6.5 Japan
6.6 South Korea
6.7 Southeast Asia
6.8 India
6.9 Australia
6.10 China Taiwan
7 Europe
7.1 Europe Electric Ship Propulsion System by Country
7.1.1 Europe Electric Ship Propulsion System Sales by Country (2019-2024)
7.1.2 Europe Electric Ship Propulsion System Revenue by Country (2019-2024)
7.2 Europe Electric Ship Propulsion System Sales by Type
7.3 Europe Electric Ship Propulsion System Sales by Application
7.4 Germany
7.5 France
7.6 UK
7.7 Italy
7.8 Russia
8 Middle East & Africa
8.1 Middle East & Africa Electric Ship Propulsion System by Country
8.1.1 Middle East & Africa Electric Ship Propulsion System Sales by Country (2019-2024)
8.1.2 Middle East & Africa Electric Ship Propulsion System Revenue by Country (2019-2024)
8.2 Middle East & Africa Electric Ship Propulsion System Sales by Type
8.3 Middle East & Africa Electric Ship Propulsion System Sales by Application
8.4 Egypt
8.5 South Africa
8.6 Israel
8.7 Turkey
8.8 GCC Countries
9 Market Drivers, Challenges and Trends
9.1 Market Drivers & Growth Opportunities
9.2 Market Challenges & Risks
9.3 Industry Trends
10 Manufacturing Cost Structure Analysis
10.1 Raw Material and Suppliers
10.2 Manufacturing Cost Structure Analysis of Electric Ship Propulsion System
10.3 Manufacturing Process Analysis of Electric Ship Propulsion System
10.4 Industry Chain Structure of Electric Ship Propulsion System
11 Marketing, Distributors and Customer
11.1 Sales Channel
11.1.1 Direct Channels
11.1.2 Indirect Channels
11.2 Electric Ship Propulsion System Distributors
11.3 Electric Ship Propulsion System Customer
12 World Forecast Review for Electric Ship Propulsion System by Geographic Region
12.1 Global Electric Ship Propulsion System Market Size Forecast by Region
12.1.1 Global Electric Ship Propulsion System Forecast by Region (2025-2030)
12.1.2 Global Electric Ship Propulsion System Annual Revenue Forecast by Region (2025-2030)
12.2 Americas Forecast by Country
12.3 APAC Forecast by Region
12.4 Europe Forecast by Country
12.5 Middle East & Africa Forecast by Country
12.6 Global Electric Ship Propulsion System Forecast by Type
12.7 Global Electric Ship Propulsion System Forecast by Application
13 Key Players Analysis
13.1 Yanmar
13.1.1 Yanmar Company Information
13.1.2 Yanmar Electric Ship Propulsion System Product Portfolios and Specifications
13.1.3 Yanmar Electric Ship Propulsion System Sales, Revenue, Price and Gross Margin (2019-2024)
13.1.4 Yanmar Main Business Overview
13.1.5 Yanmar Latest Developments
13.2 äٲä
13.2.1 äٲä Company Information
13.2.2 äٲä Electric Ship Propulsion System Product Portfolios and Specifications
13.2.3 äٲä Electric Ship Propulsion System Sales, Revenue, Price and Gross Margin (2019-2024)
13.2.4 äٲä Main Business Overview
13.2.5 äٲä Latest Developments
13.3 Yaskawa Electric
13.3.1 Yaskawa Electric Company Information
13.3.2 Yaskawa Electric Electric Ship Propulsion System Product Portfolios and Specifications
13.3.3 Yaskawa Electric Electric Ship Propulsion System Sales, Revenue, Price and Gross Margin (2019-2024)
13.3.4 Yaskawa Electric Main Business Overview
13.3.5 Yaskawa Electric Latest Developments
13.4 Siemens Energy
13.4.1 Siemens Energy Company Information
13.4.2 Siemens Energy Electric Ship Propulsion System Product Portfolios and Specifications
13.4.3 Siemens Energy Electric Ship Propulsion System Sales, Revenue, Price and Gross Margin (2019-2024)
13.4.4 Siemens Energy Main Business Overview
13.4.5 Siemens Energy Latest Developments
13.5 GE Power
13.5.1 GE Power Company Information
13.5.2 GE Power Electric Ship Propulsion System Product Portfolios and Specifications
13.5.3 GE Power Electric Ship Propulsion System Sales, Revenue, Price and Gross Margin (2019-2024)
13.5.4 GE Power Main Business Overview
13.5.5 GE Power Latest Developments
13.6 ABB
13.6.1 ABB Company Information
13.6.2 ABB Electric Ship Propulsion System Product Portfolios and Specifications
13.6.3 ABB Electric Ship Propulsion System Sales, Revenue, Price and Gross Margin (2019-2024)
13.6.4 ABB Main Business Overview
13.6.5 ABB Latest Developments
13.7 Volvo Penta
13.7.1 Volvo Penta Company Information
13.7.2 Volvo Penta Electric Ship Propulsion System Product Portfolios and Specifications
13.7.3 Volvo Penta Electric Ship Propulsion System Sales, Revenue, Price and Gross Margin (2019-2024)
13.7.4 Volvo Penta Main Business Overview
13.7.5 Volvo Penta Latest Developments
13.8 Oceanvolt
13.8.1 Oceanvolt Company Information
13.8.2 Oceanvolt Electric Ship Propulsion System Product Portfolios and Specifications
13.8.3 Oceanvolt Electric Ship Propulsion System Sales, Revenue, Price and Gross Margin (2019-2024)
13.8.4 Oceanvolt Main Business Overview
13.8.5 Oceanvolt Latest Developments
13.9 Nidec Industrial
13.9.1 Nidec Industrial Company Information
13.9.2 Nidec Industrial Electric Ship Propulsion System Product Portfolios and Specifications
13.9.3 Nidec Industrial Electric Ship Propulsion System Sales, Revenue, Price and Gross Margin (2019-2024)
13.9.4 Nidec Industrial Main Business Overview
13.9.5 Nidec Industrial Latest Developments
13.10 DAIHATSU
13.10.1 DAIHATSU Company Information
13.10.2 DAIHATSU Electric Ship Propulsion System Product Portfolios and Specifications
13.10.3 DAIHATSU Electric Ship Propulsion System Sales, Revenue, Price and Gross Margin (2019-2024)
13.10.4 DAIHATSU Main Business Overview
13.10.5 DAIHATSU Latest Developments
13.11 e-Motion Hybrid System
13.11.1 e-Motion Hybrid System Company Information
13.11.2 e-Motion Hybrid System Electric Ship Propulsion System Product Portfolios and Specifications
13.11.3 e-Motion Hybrid System Electric Ship Propulsion System Sales, Revenue, Price and Gross Margin (2019-2024)
13.11.4 e-Motion Hybrid System Main Business Overview
13.11.5 e-Motion Hybrid System Latest Developments
13.12 Twin Disc
13.12.1 Twin Disc Company Information
13.12.2 Twin Disc Electric Ship Propulsion System Product Portfolios and Specifications
13.12.3 Twin Disc Electric Ship Propulsion System Sales, Revenue, Price and Gross Margin (2019-2024)
13.12.4 Twin Disc Main Business Overview
13.12.5 Twin Disc Latest Developments
13.13 BAE Systems
13.13.1 BAE Systems Company Information
13.13.2 BAE Systems Electric Ship Propulsion System Product Portfolios and Specifications
13.13.3 BAE Systems Electric Ship Propulsion System Sales, Revenue, Price and Gross Margin (2019-2024)
13.13.4 BAE Systems Main Business Overview
13.13.5 BAE Systems Latest Developments
13.14 Kawasaki
13.14.1 Kawasaki Company Information
13.14.2 Kawasaki Electric Ship Propulsion System Product Portfolios and Specifications
13.14.3 Kawasaki Electric Ship Propulsion System Sales, Revenue, Price and Gross Margin (2019-2024)
13.14.4 Kawasaki Main Business Overview
13.14.5 Kawasaki Latest Developments
14 Research Findings and Conclusion
*If Applicable.