Global Marine Electrical System Solutions Market Research Report 2024

Publication ID:

PB507246870

Publication Date:

July 22, 2024

Pages:

Publisher:

MRRPB5

Countries:

Global [1]

USD 2,900.00

Manufacturing (Automotive) [2]

Automotive [3]

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 was valued at US$ 8650 million in 2023 and is anticipated to reach US$ 16160 million by 2030, witnessing a CAGR of 9.2% during the forecast period 2024-2030.
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 aims to provide a comprehensive presentation of the global market for Marine Electrical System Solutions, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Marine Electrical System Solutions.
The Marine Electrical System Solutions market size, estimations, and forecasts are provided in terms of and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Marine Electrical System Solutions market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Marine Electrical System Solutions companies, new entrants, and industry chain related companies in this market with information on the revenues for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
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
Segment by Type
Complete Onboard Electrical Systems
Onboard Power Distribution
Electrical Propulsion System
Power Conversion Equipment
Segment by Application
Bulk Carrier
Container Ship
Oil Tanker
Ferry
Cruise Ship
Chemical Tanker
Military Vessel
Others
By Region
North America
United States
Canada
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Rest of Europe
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Introduces executive summary of global market size, regional market size, this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter 3: Detailed analysis of Marine Electrical System Solutions company competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6, 7, 8, 9, 10: North America, Europe, Asia Pacific, Latin America, Middle East and Africa segment by country. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.
Chapter 11: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 12: The main points and conclusions of the report.

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

Table Of Contents:

1 Report Overview
1.1 Study Scope
1.2 Market Analysis by Type
1.2.1 Global Marine Electrical System Solutions Market Size Growth Rate by Type: 2019 VS 2023 VS 2030
1.2.2 Complete Onboard Electrical Systems
1.2.3 Onboard Power Distribution
1.2.4 Electrical Propulsion System
1.2.5 Power Conversion Equipment
1.3 Market by Application
1.3.1 Global Marine Electrical System Solutions Market Growth by Application: 2019 VS 2023 VS 2030
1.3.2 Bulk Carrier
1.3.3 Container Ship
1.3.4 Oil Tanker
1.3.5 Ferry
1.3.6 Cruise Ship
1.3.7 Chemical Tanker
1.3.8 Military Vessel
1.3.9 Others
1.4 Assumptions and Limitations
1.5 Study Objectives
1.6 Years Considered
2 Global Growth Trends
2.1 Global Marine Electrical System Solutions Market Perspective (2019-2030)
2.2 Global Marine Electrical System Solutions Growth Trends by Region
2.2.1 Global Marine Electrical System Solutions Market Size by Region: 2019 VS 2023 VS 2030
2.2.2 Marine Electrical System Solutions Historic Market Size by Region (2019-2024)
2.2.3 Marine Electrical System Solutions Forecasted Market Size by Region (2025-2030)
2.3 Marine Electrical System Solutions Market Dynamics
2.3.1 Marine Electrical System Solutions Industry Trends
2.3.2 Marine Electrical System Solutions Market Drivers
2.3.3 Marine Electrical System Solutions Market Challenges
2.3.4 Marine Electrical System Solutions Market Restraints
3 Competition Landscape by Key Players
3.1 Global Top Marine Electrical System Solutions Players by Revenue
3.1.1 Global Top Marine Electrical System Solutions Players by Revenue (2019-2024)
3.1.2 Global Marine Electrical System Solutions Revenue Market Share by Players (2019-2024)
3.2 Global Marine Electrical System Solutions Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.3 Global Key Players Ranking by Marine Electrical System Solutions Revenue
3.4 Global Marine Electrical System Solutions Market Concentration Ratio
3.4.1 Global Marine Electrical System Solutions Market Concentration Ratio (CR5 and HHI)
3.4.2 Global Top 10 and Top 5 Companies by Marine Electrical System Solutions Revenue in 2023
3.5 Global Key Players of Marine Electrical System Solutions Head office and Area Served
3.6 Global Key Players of Marine Electrical System Solutions, Product and Application
3.7 Global Key Players of Marine Electrical System Solutions, Date of Enter into This Industry
3.8 Mergers & Acquisitions, Expansion Plans
4 Marine Electrical System Solutions Breakdown Data by Type
4.1 Global Marine Electrical System Solutions Historic Market Size by Type (2019-2024)
4.2 Global Marine Electrical System Solutions Forecasted Market Size by Type (2025-2030)
5 Marine Electrical System Solutions Breakdown Data by Application
5.1 Global Marine Electrical System Solutions Historic Market Size by Application (2019-2024)
5.2 Global Marine Electrical System Solutions Forecasted Market Size by Application (2025-2030)
6 North America
6.1 North America Marine Electrical System Solutions Market Size (2019-2030)
6.2 North America Marine Electrical System Solutions Market Growth Rate by Country: 2019 VS 2023 VS 2030
6.3 North America Marine Electrical System Solutions Market Size by Country (2019-2024)
6.4 North America Marine Electrical System Solutions Market Size by Country (2025-2030)
6.5 United States
6.6 Canada
7 Europe
7.1 Europe Marine Electrical System Solutions Market Size (2019-2030)
7.2 Europe Marine Electrical System Solutions Market Growth Rate by Country: 2019 VS 2023 VS 2030
7.3 Europe Marine Electrical System Solutions Market Size by Country (2019-2024)
7.4 Europe Marine Electrical System Solutions Market Size by Country (2025-2030)
7.5 Germany
7.6 France
7.7 U.K.
7.8 Italy
7.9 Russia
7.10 Nordic Countries
8 Asia-Pacific
8.1 Asia-Pacific Marine Electrical System Solutions Market Size (2019-2030)
8.2 Asia-Pacific Marine Electrical System Solutions Market Growth Rate by Country: 2019 VS 2023 VS 2030
8.3 Asia-Pacific Marine Electrical System Solutions Market Size by Region (2019-2024)
8.4 Asia-Pacific Marine Electrical System Solutions Market Size by Region (2025-2030)
8.5 China
8.6 Japan
8.7 South Korea
8.8 Southeast Asia
8.9 India
8.10 Australia
9 Latin America
9.1 Latin America Marine Electrical System Solutions Market Size (2019-2030)
9.2 Latin America Marine Electrical System Solutions Market Growth Rate by Country: 2019 VS 2023 VS 2030
9.3 Latin America Marine Electrical System Solutions Market Size by Country (2019-2024)
9.4 Latin America Marine Electrical System Solutions Market Size by Country (2025-2030)
9.5 Mexico
9.6 Brazil
10 Middle East & Africa
10.1 Middle East & Africa Marine Electrical System Solutions Market Size (2019-2030)
10.2 Middle East & Africa Marine Electrical System Solutions Market Growth Rate by Country: 2019 VS 2023 VS 2030
10.3 Middle East & Africa Marine Electrical System Solutions Market Size by Country (2019-2024)
10.4 Middle East & Africa Marine Electrical System Solutions Market Size by Country (2025-2030)
10.5 Turkey
10.6 Saudi Arabia
10.7 UAE
11 Key Players Profiles
11.1 Wartsila
11.1.1 Wartsila Company Details
11.1.2 Wartsila Business Overview
11.1.3 Wartsila Marine Electrical System Solutions Introduction
11.1.4 Wartsila Revenue in Marine Electrical System Solutions Business (2019-2024)
11.1.5 Wartsila Recent Development
11.2 ABB
11.2.1 ABB Company Details
11.2.2 ABB Business Overview
11.2.3 ABB Marine Electrical System Solutions Introduction
11.2.4 ABB Revenue in Marine Electrical System Solutions Business (2019-2024)
11.2.5 ABB Recent Development
11.3 Siemens
11.3.1 Siemens Company Details
11.3.2 Siemens Business Overview
11.3.3 Siemens Marine Electrical System Solutions Introduction
11.3.4 Siemens Revenue in Marine Electrical System Solutions Business (2019-2024)
11.3.5 Siemens Recent Development
11.4 GE Vernova
11.4.1 GE Vernova Company Details
11.4.2 GE Vernova Business Overview
11.4.3 GE Vernova Marine Electrical System Solutions Introduction
11.4.4 GE Vernova Revenue in Marine Electrical System Solutions Business (2019-2024)
11.4.5 GE Vernova Recent Development
11.5 Rolls-Royce
11.5.1 Rolls-Royce Company Details
11.5.2 Rolls-Royce Business Overview
11.5.3 Rolls-Royce Marine Electrical System Solutions Introduction
11.5.4 Rolls-Royce Revenue in Marine Electrical System Solutions Business (2019-2024)
11.5.5 Rolls-Royce Recent Development
11.6 Leonardo DRS
11.6.1 Leonardo DRS Company Details
11.6.2 Leonardo DRS Business Overview
11.6.3 Leonardo DRS Marine Electrical System Solutions Introduction
11.6.4 Leonardo DRS Revenue in Marine Electrical System Solutions Business (2019-2024)
11.6.5 Leonardo DRS Recent Development
11.7 Fincantieri Group (VARD)
11.7.1 Fincantieri Group (VARD) Company Details
11.7.2 Fincantieri Group (VARD) Business Overview
11.7.3 Fincantieri Group (VARD) Marine Electrical System Solutions Introduction
11.7.4 Fincantieri Group (VARD) Revenue in Marine Electrical System Solutions Business (2019-2024)
11.7.5 Fincantieri Group (VARD) Recent Development
11.8 Daihatsu Diesel Mfg
11.8.1 Daihatsu Diesel Mfg Company Details
11.8.2 Daihatsu Diesel Mfg Business Overview
11.8.3 Daihatsu Diesel Mfg Marine Electrical System Solutions Introduction
11.8.4 Daihatsu Diesel Mfg Revenue in Marine Electrical System Solutions Business (2019-2024)
11.8.5 Daihatsu Diesel Mfg Recent Development
11.9 Terasaki Electric
11.9.1 Terasaki Electric Company Details
11.9.2 Terasaki Electric Business Overview
11.9.3 Terasaki Electric Marine Electrical System Solutions Introduction
11.9.4 Terasaki Electric Revenue in Marine Electrical System Solutions Business (2019-2024)
11.9.5 Terasaki Electric Recent Development
11.10 MAN Energy Solutions
11.10.1 MAN Energy Solutions Company Details
11.10.2 MAN Energy Solutions Business Overview
11.10.3 MAN Energy Solutions Marine Electrical System Solutions Introduction
11.10.4 MAN Energy Solutions Revenue in Marine Electrical System Solutions Business (2019-2024)
11.10.5 MAN Energy Solutions Recent Development
11.11 Yanmar
11.11.1 Yanmar Company Details
11.11.2 Yanmar Business Overview
11.11.3 Yanmar Marine Electrical System Solutions Introduction
11.11.4 Yanmar Revenue in Marine Electrical System Solutions Business (2019-2024)
11.11.5 Yanmar Recent Development
11.12 HDKSOE
11.12.1 HDKSOE Company Details
11.12.2 HDKSOE Business Overview
11.12.3 HDKSOE Marine Electrical System Solutions Introduction
11.12.4 HDKSOE Revenue in Marine Electrical System Solutions Business (2019-2024)
11.12.5 HDKSOE Recent Development
11.13 Ingeteam Marine
11.13.1 Ingeteam Marine Company Details
11.13.2 Ingeteam Marine Business Overview
11.13.3 Ingeteam Marine Marine Electrical System Solutions Introduction
11.13.4 Ingeteam Marine Revenue in Marine Electrical System Solutions Business (2019-2024)
11.13.5 Ingeteam Marine Recent Development
11.14 XEMC
11.14.1 XEMC Company Details
11.14.2 XEMC Business Overview
11.14.3 XEMC Marine Electrical System Solutions Introduction
11.14.4 XEMC Revenue in Marine Electrical System Solutions Business (2019-2024)
11.14.5 XEMC Recent Development
11.15 Guorui Technology
11.15.1 Guorui Technology Company Details
11.15.2 Guorui Technology Business Overview
11.15.3 Guorui Technology Marine Electrical System Solutions Introduction
11.15.4 Guorui Technology Revenue in Marine Electrical System Solutions Business (2019-2024)
11.15.5 Guorui Technology Recent Development
11.16 RENK
11.16.1 RENK Company Details
11.16.2 RENK Business Overview
11.16.3 RENK Marine Electrical System Solutions Introduction
11.16.4 RENK Revenue in Marine Electrical System Solutions Business (2019-2024)
11.16.5 RENK Recent Development
12 Analyst's Viewpoints/Conclusions
13 Appendix
13.1 Research Methodology
13.1.1 Methodology/Research Approach
13.1.1.1 Research Programs/Design
13.1.1.2 Market Size Estimation
13.1.1.3 Market Breakdown and Data Triangulation
13.1.2 Data Source
13.1.2.1 Secondary Sources
13.1.2.2 Primary Sources
13.2 Author Details
13.3 Disclaimer

Companies Mentioned:

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

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