Global Marine Electrical System Solutions Market Growth (Status and Outlook) 2024-2030

Publication ID:

LPI07247790

Publication Date:

July 23, 2024

Pages:

133

Publisher:

LPI

Countries:

Global [1]

USD 3,660.00

Manufacturing (Automotive) [2]

Components [3]

Automotive [4]

Description:

Shipboard power is generated using a prime mover and an alternator working together. For this an alternating current generator is used on board. The generator works on the principle that when a magnetic field around a conductor varies, a current is induced in the conductor. The Power Distributed on board a ship needs to be supplied efficiently throughout the ship. For this the power distribution system of the ship is used. The electrical onboard ships can be divided into several specific systems: Power Conversion Equipment, Onboard Power Distribution, Electrical Propulsion System, Complete Onboard Electrical Systems. All the electrical equipment onboard ships are similar to land however, they are upgraded to withstand the rigorous atmosphere of the sea and moving ship to withstand humid surroundings, high temperatures, salty and corrosive atmosphere, vibration, etc.
The global Marine Electrical System Solutions market size is projected to grow from US$ 9313 million in 2024 to US$ 16110 million in 2030; it is expected to grow at a CAGR of 9.6% from 2024 to 2030.
The 鈥淢arine Electrical System Solutions Industry Forecast鈥� looks at past sales and reviews total world Marine Electrical System Solutions sales in 2022, providing a comprehensive analysis by region and market sector of projected Marine Electrical System Solutions sales for 2023 through 2029. With Marine Electrical System Solutions sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Marine Electrical System Solutions industry.
This Insight Report provides a comprehensive analysis of the global Marine Electrical System Solutions landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyses the strategies of leading global companies with a focus on Marine Electrical System Solutions portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms鈥� unique position in an accelerating global Marine Electrical System Solutions market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Marine Electrical System Solutions 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 Marine Electrical System Solutions.
The foundation of international trade and the global economy is maritime transit. During the projection period for the global marine vessel industry, an increase in seaborne trade is anticipated to fuel market expansion. Around 80% of the world's trade by volume and more than 70% of the traffic by value, according to Maritime Publications, is conducted by sea and is under the jurisdiction of ports all over the world. The fast rise of Asian economies like China and South Korea, as well as globalization, will have a significant impact on the expansion of marine trade. Even though shipping is thought to be the least polluting means of transportation, countries and international organizations have implemented a number of environmental protection measures to limit the harm that ships may do to the environment in the global marine vessel market. It is difficult to implement these standards in the older fleet, and doing so might impede market expansion. The expansion of the market is expected to be constrained by an increase in international marine environmental rules for greenhouse gas emissions, sulfur emissions, ship recycling, and others.
This report presents a comprehensive overview, market shares, and growth opportunities of Marine Electrical System Solutions market by product type, application, key players and key regions and countries.
Segmentation by Type:
Complete Onboard Electrical Systems
Onboard Power Distribution
Electrical Propulsion System
Power Conversion Equipment
Segmentation by Application:
Bulk Carrier
Container Ship
Oil Tanker
Ferry
Cruise Ship
Chemical Tanker
Military Vessel
Others
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
Segmentation by Type:
Complete Onboard Electrical Systems
Onboard Power Distribution
Electrical Propulsion System
Power Conversion Equipment
Segmentation by Application:
Bulk Carrier
Container Ship
Oil Tanker
Ferry
Cruise Ship
Chemical Tanker
Military Vessel
Others
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.
Wartsila
ABB
Siemens
GE Vernova
Rolls-Royce
Leonardo DRS
Fincantieri Group (VARD)
Daihatsu Diesel Mfg
Terasaki Electric
MAN Energy Solutions
Yanmar
HDKSOE
Ingeteam Marine
XEMC
Guorui Technology
RENK

Please Note - This is an on demand report and will be delivered in 2 business days (48 hours) post payment.

Table Of Contents:

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 Marine Electrical System Solutions Market Size 2019-2030
2.1.2 Marine Electrical System Solutions Market Size CAGR by Region (2019 VS 2023 VS 2030)
2.1.3 World Current & Future Analysis for Marine Electrical System Solutions by Country/Region, 2019, 2023 & 2030
2.2 Marine Electrical System Solutions Segment by Type
2.2.1 Complete Onboard Electrical Systems
2.2.2 Onboard Power Distribution
2.2.3 Electrical Propulsion System
2.2.4 Power Conversion Equipment
2.3 Marine Electrical System Solutions Market Size by Type
2.3.1 Marine Electrical System Solutions Market Size CAGR by Type (2019 VS 2023 VS 2030)
2.3.2 Global Marine Electrical System Solutions Market Size Market Share by Type (2019-2024)
2.4 Marine Electrical System Solutions Segment by Application
2.4.1 Bulk Carrier
2.4.2 Container Ship
2.4.3 Oil Tanker
2.4.4 Ferry
2.4.5 Cruise Ship
2.4.6 Chemical Tanker
2.4.7 Military Vessel
2.4.8 Others
2.5 Marine Electrical System Solutions Market Size by Application
2.5.1 Marine Electrical System Solutions Market Size CAGR by Application (2019 VS 2023 VS 2030)
2.5.2 Global Marine Electrical System Solutions Market Size Market Share by Application (2019-2024)
3 Marine Electrical System Solutions Market Size by Player
3.1 Marine Electrical System Solutions Market Size Market Share by Player
3.1.1 Global Marine Electrical System Solutions Revenue by Player (2019-2024)
3.1.2 Global Marine Electrical System Solutions Revenue Market Share by Player (2019-2024)
3.2 Global Marine Electrical System Solutions Key Players Head office and Products Offered
3.3 Market Concentration Rate Analysis
3.3.1 Competition Landscape Analysis
3.3.2 Concentration Ratio (CR3, CR5 and CR10) & (2022-2024)
3.4 New Products and Potential Entrants
3.5 Mergers & Acquisitions, Expansion
4 Marine Electrical System Solutions by Region
4.1 Marine Electrical System Solutions Market Size by Region (2019-2024)
4.2 Global Marine Electrical System Solutions Annual Revenue by Country/Region (2019-2024)
4.3 Americas Marine Electrical System Solutions Market Size Growth (2019-2024)
4.4 APAC Marine Electrical System Solutions Market Size Growth (2019-2024)
4.5 Europe Marine Electrical System Solutions Market Size Growth (2019-2024)
4.6 Middle East & Africa Marine Electrical System Solutions Market Size Growth (2019-2024)
5 Americas
5.1 Americas Marine Electrical System Solutions Market Size by Country (2019-2024)
5.2 Americas Marine Electrical System Solutions Market Size by Type (2019-2024)
5.3 Americas Marine Electrical System Solutions Market Size by Application (2019-2024)
5.4 United States
5.5 Canada
5.6 Mexico
5.7 Brazil
6 APAC
6.1 APAC Marine Electrical System Solutions Market Size by Region (2019-2024)
6.2 APAC Marine Electrical System Solutions Market Size by Type (2019-2024)
6.3 APAC Marine Electrical System Solutions Market Size by Application (2019-2024)
6.4 China
6.5 Japan
6.6 South Korea
6.7 Southeast Asia
6.8 India
6.9 Australia
7 Europe
7.1 Europe Marine Electrical System Solutions Market Size by Country (2019-2024)
7.2 Europe Marine Electrical System Solutions Market Size by Type (2019-2024)
7.3 Europe Marine Electrical System Solutions Market Size by Application (2019-2024)
7.4 Germany
7.5 France
7.6 UK
7.7 Italy
7.8 Russia
8 Middle East & Africa
8.1 Middle East & Africa Marine Electrical System Solutions by Region (2019-2024)
8.2 Middle East & Africa Marine Electrical System Solutions Market Size by Type (2019-2024)
8.3 Middle East & Africa Marine Electrical System Solutions Market Size by Application (2019-2024)
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 Global Marine Electrical System Solutions Market Forecast
10.1 Global Marine Electrical System Solutions Forecast by Region (2025-2030)
10.1.1 Global Marine Electrical System Solutions Forecast by Region (2025-2030)
10.1.2 Americas Marine Electrical System Solutions Forecast
10.1.3 APAC Marine Electrical System Solutions Forecast
10.1.4 Europe Marine Electrical System Solutions Forecast
10.1.5 Middle East & Africa Marine Electrical System Solutions Forecast
10.2 Americas Marine Electrical System Solutions Forecast by Country (2025-2030)
10.2.1 United States Market Marine Electrical System Solutions Forecast
10.2.2 Canada Market Marine Electrical System Solutions Forecast
10.2.3 Mexico Market Marine Electrical System Solutions Forecast
10.2.4 Brazil Market Marine Electrical System Solutions Forecast
10.3 APAC Marine Electrical System Solutions Forecast by Region (2025-2030)
10.3.1 China Marine Electrical System Solutions Market Forecast
10.3.2 Japan Market Marine Electrical System Solutions Forecast
10.3.3 Korea Market Marine Electrical System Solutions Forecast
10.3.4 Southeast Asia Market Marine Electrical System Solutions Forecast
10.3.5 India Market Marine Electrical System Solutions Forecast
10.3.6 Australia Market Marine Electrical System Solutions Forecast
10.4 Europe Marine Electrical System Solutions Forecast by Country (2025-2030)
10.4.1 Germany Market Marine Electrical System Solutions Forecast
10.4.2 France Market Marine Electrical System Solutions Forecast
10.4.3 UK Market Marine Electrical System Solutions Forecast
10.4.4 Italy Market Marine Electrical System Solutions Forecast
10.4.5 Russia Market Marine Electrical System Solutions Forecast
10.5 Middle East & Africa Marine Electrical System Solutions Forecast by Region (2025-2030)
10.5.1 Egypt Market Marine Electrical System Solutions Forecast
10.5.2 South Africa Market Marine Electrical System Solutions Forecast
10.5.3 Israel Market Marine Electrical System Solutions Forecast
10.5.4 Turkey Market Marine Electrical System Solutions Forecast
10.6 Global Marine Electrical System Solutions Forecast by Type (2025-2030)
10.7 Global Marine Electrical System Solutions Forecast by Application (2025-2030)
10.7.1 GCC Countries Market Marine Electrical System Solutions Forecast
11 Key Players Analysis
11.1 Wartsila
11.1.1 Wartsila Company Information
11.1.2 Wartsila Marine Electrical System Solutions Product Offered
11.1.3 Wartsila Marine Electrical System Solutions Revenue, Gross Margin and Market Share (2019-2024)
11.1.4 Wartsila Main Business Overview
11.1.5 Wartsila Latest Developments
11.2 ABB
11.2.1 ABB Company Information
11.2.2 ABB Marine Electrical System Solutions Product Offered
11.2.3 ABB Marine Electrical System Solutions Revenue, Gross Margin and Market Share (2019-2024)
11.2.4 ABB Main Business Overview
11.2.5 ABB Latest Developments
11.3 Siemens
11.3.1 Siemens Company Information
11.3.2 Siemens Marine Electrical System Solutions Product Offered
11.3.3 Siemens Marine Electrical System Solutions Revenue, Gross Margin and Market Share (2019-2024)
11.3.4 Siemens Main Business Overview
11.3.5 Siemens Latest Developments
11.4 GE Vernova
11.4.1 GE Vernova Company Information
11.4.2 GE Vernova Marine Electrical System Solutions Product Offered
11.4.3 GE Vernova Marine Electrical System Solutions Revenue, Gross Margin and Market Share (2019-2024)
11.4.4 GE Vernova Main Business Overview
11.4.5 GE Vernova Latest Developments
11.5 Rolls-Royce
11.5.1 Rolls-Royce Company Information
11.5.2 Rolls-Royce Marine Electrical System Solutions Product Offered
11.5.3 Rolls-Royce Marine Electrical System Solutions Revenue, Gross Margin and Market Share (2019-2024)
11.5.4 Rolls-Royce Main Business Overview
11.5.5 Rolls-Royce Latest Developments
11.6 Leonardo DRS
11.6.1 Leonardo DRS Company Information
11.6.2 Leonardo DRS Marine Electrical System Solutions Product Offered
11.6.3 Leonardo DRS Marine Electrical System Solutions Revenue, Gross Margin and Market Share (2019-2024)
11.6.4 Leonardo DRS Main Business Overview
11.6.5 Leonardo DRS Latest Developments
11.7 Fincantieri Group (VARD)
11.7.1 Fincantieri Group (VARD) Company Information
11.7.2 Fincantieri Group (VARD) Marine Electrical System Solutions Product Offered
11.7.3 Fincantieri Group (VARD) Marine Electrical System Solutions Revenue, Gross Margin and Market Share (2019-2024)
11.7.4 Fincantieri Group (VARD) Main Business Overview
11.7.5 Fincantieri Group (VARD) Latest Developments
11.8 Daihatsu Diesel Mfg
11.8.1 Daihatsu Diesel Mfg Company Information
11.8.2 Daihatsu Diesel Mfg Marine Electrical System Solutions Product Offered
11.8.3 Daihatsu Diesel Mfg Marine Electrical System Solutions Revenue, Gross Margin and Market Share (2019-2024)
11.8.4 Daihatsu Diesel Mfg Main Business Overview
11.8.5 Daihatsu Diesel Mfg Latest Developments
11.9 Terasaki Electric
11.9.1 Terasaki Electric Company Information
11.9.2 Terasaki Electric Marine Electrical System Solutions Product Offered
11.9.3 Terasaki Electric Marine Electrical System Solutions Revenue, Gross Margin and Market Share (2019-2024)
11.9.4 Terasaki Electric Main Business Overview
11.9.5 Terasaki Electric Latest Developments
11.10 MAN Energy Solutions
11.10.1 MAN Energy Solutions Company Information
11.10.2 MAN Energy Solutions Marine Electrical System Solutions Product Offered
11.10.3 MAN Energy Solutions Marine Electrical System Solutions Revenue, Gross Margin and Market Share (2019-2024)
11.10.4 MAN Energy Solutions Main Business Overview
11.10.5 MAN Energy Solutions Latest Developments
11.11 Yanmar
11.11.1 Yanmar Company Information
11.11.2 Yanmar Marine Electrical System Solutions Product Offered
11.11.3 Yanmar Marine Electrical System Solutions Revenue, Gross Margin and Market Share (2019-2024)
11.11.4 Yanmar Main Business Overview
11.11.5 Yanmar Latest Developments
11.12 HDKSOE
11.12.1 HDKSOE Company Information
11.12.2 HDKSOE Marine Electrical System Solutions Product Offered
11.12.3 HDKSOE Marine Electrical System Solutions Revenue, Gross Margin and Market Share (2019-2024)
11.12.4 HDKSOE Main Business Overview
11.12.5 HDKSOE Latest Developments
11.13 Ingeteam Marine
11.13.1 Ingeteam Marine Company Information
11.13.2 Ingeteam Marine Marine Electrical System Solutions Product Offered
11.13.3 Ingeteam Marine Marine Electrical System Solutions Revenue, Gross Margin and Market Share (2019-2024)
11.13.4 Ingeteam Marine Main Business Overview
11.13.5 Ingeteam Marine Latest Developments
11.14 XEMC
11.14.1 XEMC Company Information
11.14.2 XEMC Marine Electrical System Solutions Product Offered
11.14.3 XEMC Marine Electrical System Solutions Revenue, Gross Margin and Market Share (2019-2024)
11.14.4 XEMC Main Business Overview
11.14.5 XEMC Latest Developments
11.15 Guorui Technology
11.15.1 Guorui Technology Company Information
11.15.2 Guorui Technology Marine Electrical System Solutions Product Offered
11.15.3 Guorui Technology Marine Electrical System Solutions Revenue, Gross Margin and Market Share (2019-2024)
11.15.4 Guorui Technology Main Business Overview
11.15.5 Guorui Technology Latest Developments
11.16 RENK
11.16.1 RENK Company Information
11.16.2 RENK Marine Electrical System Solutions Product Offered
11.16.3 RENK Marine Electrical System Solutions Revenue, Gross Margin and Market Share (2019-2024)
11.16.4 RENK Main Business Overview
11.16.5 RENK Latest Developments
12 Research Findings and Conclusion

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