Marine Hybrid and Electric Propulsion Market 2028 By Propulsion, Power Rating, Application and Geography | The Insight Partners

Marine Hybrid and Electric Propulsion Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Propulsion (Hybrid Propulsion, Electric Propulsion); Power Rating (Below 1 MW, 1 MW - 3.5 MW, Above 3.5 MW); Application (Tugboats, Offshore Support Vehicles, Ferries, Defense Vessels, Yachts, Cruise Ships, Others) and Geography

Report Code: TIPRE00015814 | No. of Pages: 150 | Category: Automotive and Transportation | Status: Upcoming

MARKET OVERVIEW

The marine hybrid and electric propulsion is a system or mechanism used to generate thrust to move a ship or boat. Marine electric and hybrid propulsion systems are gaining popularity due to its advantages of zero-emission shipping and high performance in shipping activities. This factor is likely to propel the growth of the marine hybrid and electric propulsion market. Moreover, fuel efficiency and long-term cost-effectiveness of marine hybrid and electric propulsion are also accelerating the demand for marine hybrid and electric propulsion markets during the forecast period.

MARKET SCOPE

The "Global Marine Hybrid and Electric Propulsion Market Analysis to 2028" is a specialized and in-depth study of the marine hybrid and electric propulsion industry with a special focus on the global market trend analysis. The report aims to provide an overview marine hybrid and electric propulsion market with detailed market segmentation as propulsion, power rating, application, and geography. The report provides key statistics on the market status of the leading marine hybrid and electric propulsion market players and offers key trends and opportunities in the marine hybrid and electric propulsion market.

MARKET SEGMENTATION

  •   The global marine hybrid and electric propulsion market is segmented on the basis of propulsion, power rating, application.
  •   On the basis of propulsion the market is segmented as hybrid propulsion, electric propulsion.
  •   On the basis of power rating the market is segmented as below 1 MW, 1 MW - 3.5 MW, above 3.5 MW.
  •   On the basis of application the market is segmented as tugboats, offshore support vehicles, ferries, defense vessels, yachts, cruise ships, others.

MARKET DYNAMICS
Drivers:

  •   Government stringent regulations to lower greenhouse gases and carbon emissions result in the rising adoption of the electric propulsion system, which anticipates the growth of the marine hybrid and electric propulsion market.

Restraints:

  •   High initial investments and inadequate infrastructure may restraint the marine hybrid and electric propulsion market growth.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The Marine hybrid and electric propulsion market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the Marine hybrid and electric propulsion market in these regions.

IMPACT OF COVID-19 ON MARINE HYBRID AND ELECTRIC PROPULSION MARKET

COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.



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MARKET PLAYERS


The report covers key developments in the Marine hybrid and electric propulsion market organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from Marine hybrid and electric propulsion market market are anticipated to lucrative growth opportunities in the future with the rising demand for Marine hybrid and electric propulsion market in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the Marine hybrid and electric propulsion market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

  •   AB Volvo
  •   BAE Systems
  •   Caterpillar, Inc.
  •   General Electric Company
  •   Kongsberg Maritime
  •   MAN Energy Solutions
  •   Masson Marine
  •   Wrtsil Corporation
  •   YANMAR HOLDINGS CO., LTD.
    ZF Friedrichshafen AG

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.


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TABLE OF CONTENTS

1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Marine Hybrid And Electric Propulsion Market - By Propulsion
1.3.2 Marine Hybrid And Electric Propulsion Market - By Power Rating
1.3.3 Marine Hybrid And Electric Propulsion Market - By Application
1.3.4 Marine Hybrid And Electric Propulsion Market - By Region
1.3.4.1 By Country

2. KEY TAKEAWAYS

3. RESEARCH METHODOLOGY

4. MARINE HYBRID AND ELECTRIC PROPULSION MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS

5. MARINE HYBRID AND ELECTRIC PROPULSION MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS

6. MARINE HYBRID AND ELECTRIC PROPULSION MARKET - GLOBAL MARKET ANALYSIS
6.1. MARINE HYBRID AND ELECTRIC PROPULSION - GLOBAL MARKET OVERVIEW
6.2. MARINE HYBRID AND ELECTRIC PROPULSION - GLOBAL MARKET AND FORECAST TO 2027
6.3. MARKET POSITIONING/MARKET SHARE

7. MARINE HYBRID AND ELECTRIC PROPULSION MARKET - REVENUE AND FORECASTS TO 2027 - PROPULSION
7.1. OVERVIEW
7.2. PROPULSION MARKET FORECASTS AND ANALYSIS
7.3. HYBRID PROPULSION
7.3.1. Overview
7.3.2. Hybrid Propulsion Market Forecast and Analysis
7.4. ELECTRIC PROPULSION
7.4.1. Overview
7.4.2. Electric Propulsion Market Forecast and Analysis
8. MARINE HYBRID AND ELECTRIC PROPULSION MARKET - REVENUE AND FORECASTS TO 2027 - POWER RATING
8.1. OVERVIEW
8.2. POWER RATING MARKET FORECASTS AND ANALYSIS
8.3. BELOW 1 MW
8.3.1. Overview
8.3.2. Below 1 MW Market Forecast and Analysis
8.4. 1 MW - 3.5 MW
8.4.1. Overview
8.4.2. 1 MW - 3.5 MW Market Forecast and Analysis
8.5. ABOVE 3.5 MW
8.5.1. Overview
8.5.2. Above 3.5 MW Market Forecast and Analysis
9. MARINE HYBRID AND ELECTRIC PROPULSION MARKET - REVENUE AND FORECASTS TO 2027 - APPLICATION
9.1. OVERVIEW
9.2. APPLICATION MARKET FORECASTS AND ANALYSIS
9.3. TUGBOATS
9.3.1. Overview
9.3.2. Tugboats Market Forecast and Analysis
9.4. OFFSHORE SUPPORT VEHICLES
9.4.1. Overview
9.4.2. Offshore Support Vehicles Market Forecast and Analysis
9.5. FERRIES
9.5.1. Overview
9.5.2. Ferries Market Forecast and Analysis
9.6. DEFENSE VESSELS
9.6.1. Overview
9.6.2. Defense Vessels Market Forecast and Analysis
9.7. YACHTS
9.7.1. Overview
9.7.2. Yachts Market Forecast and Analysis
9.8. CRUISE SHIPS
9.8.1. Overview
9.8.2. Cruise Ships Market Forecast and Analysis
9.9. OTHERS
9.9.1. Overview
9.9.2. Others Market Forecast and Analysis

10. MARINE HYBRID AND ELECTRIC PROPULSION MARKET REVENUE AND FORECASTS TO 2027 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Marine Hybrid And Electric Propulsion Market Overview
10.1.2 North America Marine Hybrid And Electric Propulsion Market Forecasts and Analysis
10.1.3 North America Marine Hybrid And Electric Propulsion Market Forecasts and Analysis - By Propulsion
10.1.4 North America Marine Hybrid And Electric Propulsion Market Forecasts and Analysis - By Power Rating
10.1.5 North America Marine Hybrid And Electric Propulsion Market Forecasts and Analysis - By Application
10.1.6 North America Marine Hybrid And Electric Propulsion Market Forecasts and Analysis - By Countries
10.1.6.1 United States Marine Hybrid And Electric Propulsion Market
10.1.6.1.1 United States Marine Hybrid And Electric Propulsion Market by Propulsion
10.1.6.1.2 United States Marine Hybrid And Electric Propulsion Market by Power Rating
10.1.6.1.3 United States Marine Hybrid And Electric Propulsion Market by Application
10.1.6.2 Canada Marine Hybrid And Electric Propulsion Market
10.1.6.2.1 Canada Marine Hybrid And Electric Propulsion Market by Propulsion
10.1.6.2.2 Canada Marine Hybrid And Electric Propulsion Market by Power Rating
10.1.6.2.3 Canada Marine Hybrid And Electric Propulsion Market by Application
10.1.6.3 Mexico Marine Hybrid And Electric Propulsion Market
10.1.6.3.1 Mexico Marine Hybrid And Electric Propulsion Market by Propulsion
10.1.6.3.2 Mexico Marine Hybrid And Electric Propulsion Market by Power Rating
10.1.6.3.3 Mexico Marine Hybrid And Electric Propulsion Market by Application
10.2. EUROPE
10.2.1 Europe Marine Hybrid And Electric Propulsion Market Overview
10.2.2 Europe Marine Hybrid And Electric Propulsion Market Forecasts and Analysis
10.2.3 Europe Marine Hybrid And Electric Propulsion Market Forecasts and Analysis - By Propulsion
10.2.4 Europe Marine Hybrid And Electric Propulsion Market Forecasts and Analysis - By Power Rating
10.2.5 Europe Marine Hybrid And Electric Propulsion Market Forecasts and Analysis - By Application
10.2.6 Europe Marine Hybrid And Electric Propulsion Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Marine Hybrid And Electric Propulsion Market
10.2.6.1.1 Germany Marine Hybrid And Electric Propulsion Market by Propulsion
10.2.6.1.2 Germany Marine Hybrid And Electric Propulsion Market by Power Rating
10.2.6.1.3 Germany Marine Hybrid And Electric Propulsion Market by Application
10.2.6.2 France Marine Hybrid And Electric Propulsion Market
10.2.6.2.1 France Marine Hybrid And Electric Propulsion Market by Propulsion
10.2.6.2.2 France Marine Hybrid And Electric Propulsion Market by Power Rating
10.2.6.2.3 France Marine Hybrid And Electric Propulsion Market by Application
10.2.6.3 Italy Marine Hybrid And Electric Propulsion Market
10.2.6.3.1 Italy Marine Hybrid And Electric Propulsion Market by Propulsion
10.2.6.3.2 Italy Marine Hybrid And Electric Propulsion Market by Power Rating
10.2.6.3.3 Italy Marine Hybrid And Electric Propulsion Market by Application
10.2.6.4 United Kingdom Marine Hybrid And Electric Propulsion Market
10.2.6.4.1 United Kingdom Marine Hybrid And Electric Propulsion Market by Propulsion
10.2.6.4.2 United Kingdom Marine Hybrid And Electric Propulsion Market by Power Rating
10.2.6.4.3 United Kingdom Marine Hybrid And Electric Propulsion Market by Application
10.2.6.5 Russia Marine Hybrid And Electric Propulsion Market
10.2.6.5.1 Russia Marine Hybrid And Electric Propulsion Market by Propulsion
10.2.6.5.2 Russia Marine Hybrid And Electric Propulsion Market by Power Rating
10.2.6.5.3 Russia Marine Hybrid And Electric Propulsion Market by Application
10.2.6.6 Rest of Europe Marine Hybrid And Electric Propulsion Market
10.2.6.6.1 Rest of Europe Marine Hybrid And Electric Propulsion Market by Propulsion
10.2.6.6.2 Rest of Europe Marine Hybrid And Electric Propulsion Market by Power Rating
10.2.6.6.3 Rest of Europe Marine Hybrid And Electric Propulsion Market by Application
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Marine Hybrid And Electric Propulsion Market Overview
10.3.2 Asia-Pacific Marine Hybrid And Electric Propulsion Market Forecasts and Analysis
10.3.3 Asia-Pacific Marine Hybrid And Electric Propulsion Market Forecasts and Analysis - By Propulsion
10.3.4 Asia-Pacific Marine Hybrid And Electric Propulsion Market Forecasts and Analysis - By Power Rating
10.3.5 Asia-Pacific Marine Hybrid And Electric Propulsion Market Forecasts and Analysis - By Application
10.3.6 Asia-Pacific Marine Hybrid And Electric Propulsion Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Marine Hybrid And Electric Propulsion Market
10.3.6.1.1 Australia Marine Hybrid And Electric Propulsion Market by Propulsion
10.3.6.1.2 Australia Marine Hybrid And Electric Propulsion Market by Power Rating
10.3.6.1.3 Australia Marine Hybrid And Electric Propulsion Market by Application
10.3.6.2 China Marine Hybrid And Electric Propulsion Market
10.3.6.2.1 China Marine Hybrid And Electric Propulsion Market by Propulsion
10.3.6.2.2 China Marine Hybrid And Electric Propulsion Market by Power Rating
10.3.6.2.3 China Marine Hybrid And Electric Propulsion Market by Application
10.3.6.3 India Marine Hybrid And Electric Propulsion Market
10.3.6.3.1 India Marine Hybrid And Electric Propulsion Market by Propulsion
10.3.6.3.2 India Marine Hybrid And Electric Propulsion Market by Power Rating
10.3.6.3.3 India Marine Hybrid And Electric Propulsion Market by Application
10.3.6.4 Japan Marine Hybrid And Electric Propulsion Market
10.3.6.4.1 Japan Marine Hybrid And Electric Propulsion Market by Propulsion
10.3.6.4.2 Japan Marine Hybrid And Electric Propulsion Market by Power Rating
10.3.6.4.3 Japan Marine Hybrid And Electric Propulsion Market by Application
10.3.6.5 South Korea Marine Hybrid And Electric Propulsion Market
10.3.6.5.1 South Korea Marine Hybrid And Electric Propulsion Market by Propulsion
10.3.6.5.2 South Korea Marine Hybrid And Electric Propulsion Market by Power Rating
10.3.6.5.3 South Korea Marine Hybrid And Electric Propulsion Market by Application
10.3.6.6 Rest of Asia-Pacific Marine Hybrid And Electric Propulsion Market
10.3.6.6.1 Rest of Asia-Pacific Marine Hybrid And Electric Propulsion Market by Propulsion
10.3.6.6.2 Rest of Asia-Pacific Marine Hybrid And Electric Propulsion Market by Power Rating
10.3.6.6.3 Rest of Asia-Pacific Marine Hybrid And Electric Propulsion Market by Application
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Marine Hybrid And Electric Propulsion Market Overview
10.4.2 Middle East and Africa Marine Hybrid And Electric Propulsion Market Forecasts and Analysis
10.4.3 Middle East and Africa Marine Hybrid And Electric Propulsion Market Forecasts and Analysis - By Propulsion
10.4.4 Middle East and Africa Marine Hybrid And Electric Propulsion Market Forecasts and Analysis - By Power Rating
10.4.5 Middle East and Africa Marine Hybrid And Electric Propulsion Market Forecasts and Analysis - By Application
10.4.6 Middle East and Africa Marine Hybrid And Electric Propulsion Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Marine Hybrid And Electric Propulsion Market
10.4.6.1.1 South Africa Marine Hybrid And Electric Propulsion Market by Propulsion
10.4.6.1.2 South Africa Marine Hybrid And Electric Propulsion Market by Power Rating
10.4.6.1.3 South Africa Marine Hybrid And Electric Propulsion Market by Application
10.4.6.2 Saudi Arabia Marine Hybrid And Electric Propulsion Market
10.4.6.2.1 Saudi Arabia Marine Hybrid And Electric Propulsion Market by Propulsion
10.4.6.2.2 Saudi Arabia Marine Hybrid And Electric Propulsion Market by Power Rating
10.4.6.2.3 Saudi Arabia Marine Hybrid And Electric Propulsion Market by Application
10.4.6.3 U.A.E Marine Hybrid And Electric Propulsion Market
10.4.6.3.1 U.A.E Marine Hybrid And Electric Propulsion Market by Propulsion
10.4.6.3.2 U.A.E Marine Hybrid And Electric Propulsion Market by Power Rating
10.4.6.3.3 U.A.E Marine Hybrid And Electric Propulsion Market by Application
10.4.6.4 Rest of Middle East and Africa Marine Hybrid And Electric Propulsion Market
10.4.6.4.1 Rest of Middle East and Africa Marine Hybrid And Electric Propulsion Market by Propulsion
10.4.6.4.2 Rest of Middle East and Africa Marine Hybrid And Electric Propulsion Market by Power Rating
10.4.6.4.3 Rest of Middle East and Africa Marine Hybrid And Electric Propulsion Market by Application
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Marine Hybrid And Electric Propulsion Market Overview
10.5.2 South and Central America Marine Hybrid And Electric Propulsion Market Forecasts and Analysis
10.5.3 South and Central America Marine Hybrid And Electric Propulsion Market Forecasts and Analysis - By Propulsion
10.5.4 South and Central America Marine Hybrid And Electric Propulsion Market Forecasts and Analysis - By Power Rating
10.5.5 South and Central America Marine Hybrid And Electric Propulsion Market Forecasts and Analysis - By Application
10.5.6 South and Central America Marine Hybrid And Electric Propulsion Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Marine Hybrid And Electric Propulsion Market
10.5.6.1.1 Brazil Marine Hybrid And Electric Propulsion Market by Propulsion
10.5.6.1.2 Brazil Marine Hybrid And Electric Propulsion Market by Power Rating
10.5.6.1.3 Brazil Marine Hybrid And Electric Propulsion Market by Application
10.5.6.2 Argentina Marine Hybrid And Electric Propulsion Market
10.5.6.2.1 Argentina Marine Hybrid And Electric Propulsion Market by Propulsion
10.5.6.2.2 Argentina Marine Hybrid And Electric Propulsion Market by Power Rating
10.5.6.2.3 Argentina Marine Hybrid And Electric Propulsion Market by Application
10.5.6.3 Rest of South and Central America Marine Hybrid And Electric Propulsion Market
10.5.6.3.1 Rest of South and Central America Marine Hybrid And Electric Propulsion Market by Propulsion
10.5.6.3.2 Rest of South and Central America Marine Hybrid And Electric Propulsion Market by Power Rating
10.5.6.3.3 Rest of South and Central America Marine Hybrid And Electric Propulsion Market by Application

11. INDUSTRY LANDSCAPE
11.1. MERGERS AND ACQUISITIONS
11.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
11.3. NEW PRODUCT LAUNCHES
11.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS

12. MARINE HYBRID AND ELECTRIC PROPULSION MARKET, KEY COMPANY PROFILES
12.1. AB VOLVO
12.1.1. Key Facts
12.1.2. Business Description
12.1.3. Products and Services
12.1.4. Financial Overview
12.1.5. SWOT Analysis
12.1.6. Key Developments
12.2. BAE SYSTEMS
12.2.1. Key Facts
12.2.2. Business Description
12.2.3. Products and Services
12.2.4. Financial Overview
12.2.5. SWOT Analysis
12.2.6. Key Developments
12.3. CATERPILLAR, INC.
12.3.1. Key Facts
12.3.2. Business Description
12.3.3. Products and Services
12.3.4. Financial Overview
12.3.5. SWOT Analysis
12.3.6. Key Developments
12.4. GENERAL ELECTRIC COMPANY
12.4.1. Key Facts
12.4.2. Business Description
12.4.3. Products and Services
12.4.4. Financial Overview
12.4.5. SWOT Analysis
12.4.6. Key Developments
12.5. KONGSBERG MARITIME
12.5.1. Key Facts
12.5.2. Business Description
12.5.3. Products and Services
12.5.4. Financial Overview
12.5.5. SWOT Analysis
12.5.6. Key Developments
12.6. MAN ENERGY SOLUTIONS
12.6.1. Key Facts
12.6.2. Business Description
12.6.3. Products and Services
12.6.4. Financial Overview
12.6.5. SWOT Analysis
12.6.6. Key Developments
12.7. MASSON MARINE
12.7.1. Key Facts
12.7.2. Business Description
12.7.3. Products and Services
12.7.4. Financial Overview
12.7.5. SWOT Analysis
12.7.6. Key Developments
12.8. WäRTSILä CORPORATION
12.8.1. Key Facts
12.8.2. Business Description
12.8.3. Products and Services
12.8.4. Financial Overview
12.8.5. SWOT Analysis
12.8.6. Key Developments
12.9. YANMAR HOLDINGS CO., LTD.
12.9.1. Key Facts
12.9.2. Business Description
12.9.3. Products and Services
12.9.4. Financial Overview
12.9.5. SWOT Analysis
12.9.6. Key Developments
12.10. ZF FRIEDRICHSHAFEN AG
12.10.1. Key Facts
12.10.2. Business Description
12.10.3. Products and Services
12.10.4. Financial Overview
12.10.5. SWOT Analysis
12.10.6. Key Developments

13. APPENDIX
13.1. ABOUT THE INSIGHT PARTNERS
13.2. GLOSSARY OF TERMS
The List of Companies

1.AB Volvo
2.BAE Systems
3.Caterpillar, Inc.
4.General Electric Company
5.Kongsberg Maritime
6.MAN Energy Solutions
7.Masson Marine
8.Wärtsilä Corporation
9.YANMAR HOLDINGS CO., LTD.
10.ZF Friedrichshafen AG
TIPRE00015814
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