電動船市場規模、シェア、動向、2032年までの世界予測

Electric Ship Market - Global Forecast To 2032

Electric Ship Market by Point of Sale (Newbuild & Line Fit vs. Retrofit), Technology (Fully Electric vs. Hybrid), Ship Type (Commercial, Defense), Solution (Storage, Conversion, Generation, Distribution, Drive) and Region - Global Forecast to 2032

商品番号 : SMB-7867

出版社MarketsandMarkets
出版年月2025年9月
ページ数318
図表数448
価格タイプシングルユーザライセンス
価格USD 4,950
種別英文調査報告書

電動船市場 – 販売時点(新造船・ラインフィット vs. レトロフィット)、テクノロジー(完全電気 vs. ハイブリッド)、船舶タイプ(商用、防衛)、ソリューション(貯蔵、転換、発電、配電、駆動)および地域別 – 2032年までの世界予測

電動船(エレクトリックシップ)市場は、2025年の48億5,000万米ドルから2032年には183億9,000万米ドルに達し、年平均成長率(CAGR)21.0%で成長すると予測されています。市場は、規制の強化、経済的要因、そして技術革新によって急速に発展を遂げており、成長を加速させています。国際機関および地域当局は、より厳しい排出規制を導入しており、船主は従来の推進システムを低排出ガスの代替システムへと切り替える動きを見せています。特にフェリーや貨物船では、航路の予測可能性と頻繁な港湾アクセスがバッテリーやハイブリッドシステムによって支えられているため、電動化は最も現実的な選択肢となっています。こうした規制環境は、コンプライアンスへの圧力を高め、造船所、港湾運営会社、そして技術プロバイダーの間で投資の優先順位を変化させています。

この市場調査は、様々なセグメントとサブセグメントにわたる電動船市場を網羅しています。様々な地域における市場規模と成長の可能性を予測することを目的としています。また、主要市場プレーヤーの企業概要、製品および事業内容に関する洞察、最近の動向、主要戦略など、詳細な競合分析も提供しています。

本レポートは、市場リーダー企業と新規参入企業にとって、電動船市場全体の収益予測に役立ちます。また、ステークホルダーが競争環境を理解し、自社のポジショニングを改善し、効果的な市場開拓戦略を策定するための洞察を得るのに役立ちます。さらに、本レポートは市場動向、主要な推進要因、制約、課題、そして機会に関する洞察も提供します。

The electric ship market is expected to reach USD 18.39 billion by 2032, from USD 4.85 billion in 2025, with a CAGR of 21.0%. The market is growing due to regulatory push, economic factors, and technological advances that facilitate faster progress. International and regional authorities are implementing stricter emissions regulations, prompting shipowners to replace traditional propulsion systems with low-emission alternatives. Electrification has become the most practical option, especially for ferries and cargo ships, where route predictability and frequent port access are supported by battery and hybrid systems. This regulatory environment increases compliance pressure and shifts investment priorities among shipyards, port operators, and technology providers.

電動船市場規模、シェア、動向、2032年までの世界予測
Electric Ship Market – Global Forecast To 2032

“Ferries are expected to be the largest passenger ship segment during the forecast period.”

Ferries are expected to be at the forefront of the electric ship market due to their unique operating style, regulatory requirements, and cost-effectiveness. They typically operate within a limited range, allowing for regular charging over short distances, especially depending on how often they visit ports. This setup aligns well with current battery and hybrid technologies. The predictability of their operations makes it easier to implement electrification without disrupting schedules, making ferries a practical option for large-scale adoption of electric vessels. Furthermore, ferries often serve urban and coastal routes where emissions regulations are more stringent, driving operators to seek low-emission alternatives.

“Manned is expected to be the largest autonomy segment during the forecast period.”

Manned ships are expected to dominate the electric ship market, as most vessels in global operations are crewed. The operation, maintenance, and adherence to international safety standards for passenger ferries, short-haul cargo ships, offshore service vessels, and naval platforms rely on human labor. Consequently, electrification efforts are primarily focused on these manned ships, enabling upgrades to propulsion and energy systems without the need to modify existing models. This enhances operational efficiency since manned vessels typically follow fixed routes, facilitating the implementation of charging facilities and hybrid-electric systems. Meanwhile, hybrid propulsion helps shipowners reduce fuel consumption and emissions while maintaining operational range, making it easier to comply with stricter emissions regulations.

電動船市場規模、シェア、動向、2032年までの世界予測 - 地域
Electric Ship Market – region

“Asia Pacific is expected to be the second-largest market for electric ships during the forecast period.”

The Asia Pacific region is expected to become the second-largest market for electric ships, driven by its strong position in the global shipbuilding industry, increasing regulatory alignment, and significant investments in maritime decarbonization efforts. Key shipbuilding countries such as China, South Korea, and Japan are actively pursuing strategies to electrify both their commercial and defense fleets. China, in particular, has launched state-supported projects that include the development of battery-powered and hybrid ferries, alongside initiatives to enhance port charging infrastructure. Meanwhile, Japan and South Korea are exploring pilot programs for fully electric vessels and hybrid solutions for larger ships, leveraging their advanced manufacturing capabilities and robust maritime research and development.

Breakdown of the profile of primary participants in the electric ship market:

  • By Company Type: Tier 1 – 35%, Tier 2 – 45%, and Tier 3 – 20%
  • By Designation: C-level – 35%, Director Level – 25%, and Others – 40%
  • By Region: North America – 25%, Europe – 15%, Asia Pacific – 45%, Middle East – 10%, and Rest of the World – 5%

Major companies profiled in the report include ABB (Switzerland),  Wartisilia (Finland), Schottel Group (Germany), Corvus Energy (Norway), and Siemens (Germany), among others.

電動船市場規模、シェア、動向、2032年までの世界予測 - 対象企業
Electric Ship Market – ecosystem

Research Coverage:

This market study covers the electric ship market across various segments and subsegments. It aims to estimate the market’s size and growth potential in different regions. The study also provides an in-depth competitive analysis of the key market players, including their company profiles, insights into their products and business offerings, recent developments, and the key strategies they have adopted.

Reasons to buy this report:

The report will assist market leaders and new entrants with estimates of the revenue figures for the overall Electric Ship Market. It will help stakeholders understand the competitive landscape and gain insights to better position their businesses and develop effective go-to-market strategies. Additionally, the report provides insights into market trends and key drivers, restraints, challenges, and opportunities.

The report covers the following key pointers:

  • In-depth Analysis of Key Drivers (IMO net-zero framework & carbon pricing, expansion of short-sea transport and maritime tourism, advances in energy storage and power systems, and decarbonization and sustainability goals), Restraints (high upfront investment and prolonged retrofit downtime, technical limitations in range and power scalability, uncertain regulatory standards and compliance burden), Opportunities (potential of high-powered batteries, scale battery and fuel cell technologies for long-range shipping, and leverage government incentives for clean shipbuilding programs), and Challenges (supply chain constraints for critical materials, high capital costs and financing barriers, and charging and port infrastructure readiness)
  • Market Penetration: Comprehensive information on electric ships offered by the top players in the market
  • Product Development/Innovation: Detailed insights on upcoming technologies, R&D activities, and new product launches in the electric ship market
  • Market Development: Comprehensive information about lucrative markets; the report analyzes the electric ship market across varied regions.
  • Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the electric ship market
  • Competitive Assessment: In-depth assessment of market shares, growth strategies, products, and manufacturing capabilities of leading players in the electric ship market

Table of Contents

1               INTRODUCTION              30

1.1           STUDY OBJECTIVES       30

1.2           MARKET DEFINITION   30

1.3           STUDY SCOPE   31

1.3.1        MARKETS COVERED AND REGIONAL SCOPE      31

1.3.2        INCLUSIONS AND EXCLUSIONS 32

1.3.3        YEARS CONSIDERED      33

1.4           CURRENCY CONSIDERED            33

1.5           STAKEHOLDERS               33

1.6           SUMMARY OF CHANGES               34

2               RESEARCH METHODOLOGY       35

2.1           RESEARCH DATA              35

2.1.1        SECONDARY DATA          36

2.1.1.1    Key data from secondary sources       37

2.1.2        PRIMARY DATA 37

2.1.2.1    Primary participants             37

2.1.2.2    Key data from primary sources           38

2.1.2.3    Breakdown of primary interviews      38

2.2           FACTOR ANALYSIS          39

2.2.1        DEMAND-SIDE INDICATORS      39

2.2.1.1    Surge in maritime tourism  39

2.2.2        SUPPLY-SIDE INDICATORS          39

2.2.2.1    Advanced batteries for electric ships 39

2.3           MARKET SIZE ESTIMATION         40

2.3.1        BOTTOM-UP APPROACH              40

2.3.1.1    Regional split        40

2.3.1.2    Market size estimation methdology (demand-side analysis)                 41

2.3.2        TOP-DOWN APPROACH                42

2.4           DATA TRIANGULATION                43

2.5           RESEARCH ASSUMPTIONS           44

2.6           RESEARCH LIMITATIONS             44

2.7           RISK ASSESSMENT           45

3               EXECUTIVE SUMMARY  46

4               PREMIUM INSIGHTS       50

4.1           ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN ELECTRIC SHIP MARKET               50

4.2           ELECTRIC SHIP MARKET, BY PROPULSION          50

4.3           ELECTRIC SHIP MARKET, BY HYBRID PROPULSION                 51

4.4           ELECTRIC SHIP MARKET, BY COMMERCIAL VESSEL                 51

4.5           ELECTRIC SHIP MARKET, BY PASSENGER VESSEL                 52

5               MARKET OVERVIEW       53

5.1           INTRODUCTION              53

5.2           MARKET DYNAMICS       54

5.2.1        DRIVERS               54

5.2.1.1    Implementation of Net-Zero Framework with GHG pricing                 54

5.2.1.2    Rise in short-sea transport and coastal tourism               55

5.2.1.3    Advances in energy storage and power systems               55

5.2.1.4    Decarbonization and sustainability goals         56

5.2.2        RESTRAINTS      57

5.2.2.1    High upfront investment and prolonged retrofit downtime                 57

5.2.2.2    Technical limitations in range and power scalability      57

5.2.2.3    Fragmented regulatory standards and compliance burden                 57

5.2.3        OPPORTUNITIES              58

5.2.3.1    Innovations in energy storage solutions            58

5.2.3.2    Scaling of battery and fuel cell technologies for long-range shipping 59

5.2.3.3    Government incentives for clean shipbuilding programs                 59

5.2.4        CHALLENGES    59

5.2.4.1    Supply chain constraints for critical materials 59

5.2.4.2    Lack of adequate charging and port infrastructure         60

5.3           TRENDS AND DISRUPTIONS IMPACTING CUSTOMER BUSINESS            60

5.4           ECOSYSTEM ANALYSIS  61

5.4.1        SHIP BUILDERS 61

5.4.2        SYSTEM INTEGRATORS 61

5.4.3        END USERS         61

5.5           CASE STUDY ANALYSIS 62

5.5.1        CHINA STATE SHIPBUILDING CORPORATION’S FULLY ELECTRIC CONTAINER SHIP       62

5.5.2        INCAT TASMANIA’S HULL 096 FERRY      63

5.5.3        WÄRTSILÄ AND WETA’S FULLY ELECTRIC HIGH-SPEED FERRY   63

5.5.4        HD HYUNDAI’S MMC HIGH-PRESSURE ELECTRIC PROPULSION DRIVE       63

5.6           KEY STAKEHOLDERS AND BUYING CRITERIA     64

5.6.1        KEY STAKEHOLDERS IN BUYING PROCESS           64

5.6.2        BUYING CRITERIA           64

5.7           KEY CONFERENCES AND EVENTS             65

5.8           REGULATORY LANDSCAPE         66

5.9           TECHNOLOGY ANALYSIS             68

5.9.1        KEY TECHNOLOGIES     68

5.9.1.1    Energy storage systems       68

5.9.1.2    Electric propulsion and motors          68

5.9.1.3    Smart power distribution and energy management        69

5.9.2        COMPLEMENTARY TECHNOLOGIES       69

5.9.2.1    HVDC shipboard grids        69

5.9.2.2    Fuel cells                69

5.9.2.3    Permanent magnet propulsion rods  70

5.9.3        ADJACENT TECHNOLOGIES       70

5.9.3.1    Renewable energy integration             70

5.9.3.2    Digital twins and simulation platforms             70

5.9.3.3    Charging and shore power infrastructure         71

5.10         NEWBUILD VS. RETROFIT VESSELS         71

5.11         TRADE DATA     72

5.11.1      IMPORT SCENARIO (HS CODE 8901)        72

5.11.2      EXPORT SCENARIO (HS CODE 8901)        73

5.12         PATENT ANALYSIS          75

5.13         MACROECONOMIC OUTLOOK  76

5.13.1      NORTH AMERICA             76

5.13.2      EUROPE               77

5.13.3      ASIA PACIFIC     77

5.13.4      MIDDLE EAST   78

5.13.5      REST OF THE WORLD    78

5.14         PRICING ANALYSIS          78

5.14.1      AVERAGE SELLING PRICE TREND OF ELECTRIC SHIPS OFFERED  BY KEY PLAYERS       79

5.14.2      AVERAGE SELLING PRICE TREND, BY REGION   79

5.15         INVESTMENT AND FUNDING SCENARIO               80

5.16         BUSINESS MODELS         80

5.17         TECHNOLOGY ROADMAP            83

5.18         IMPACT OF AI   84

5.18.1      INTRODUCTION              84

5.18.2      ADOPTION OF AI IN MARINE BY TOP COUNTRIES                 85

5.18.3      IMPACT OF AI ON MARINE USE CASES   86

5.18.4      IMPACT OF AI ON ELECTRIC SHIP MARKET         87

5.19         US 2025 TARIFF 89

5.19.1      INTRODUCTION              89

5.19.2      KEY TARIFF RATES          90

5.19.3      PRICE IMPACT ANALYSIS             91

5.19.4      IMPACT ON COUNTRY/REGION                92

5.19.4.1  US           92

5.19.4.2  Europe   92

5.19.4.3  Asia Pacific            93

5.19.5      IMPACT ON END-USE INDUSTRIES          93

6               ELECTRIC SHIP MARKET, BY AUTONOMY

(MARKET SIZE & FORECAST TO 2032, USD)          94

6.1           INTRODUCTION              95

6.2           MANNED             96

6.2.1        ALIGNMENT WITH EXISTING MARITIME PRACTICES TO DRIVE MARKET 96

6.3           REMOTELY OPERATED 96

6.3.1        IMPROVED OPERATIONAL FEASIBILITY TO DRIVE MARKET               96

6.4           AUTONOMOUS 97

6.4.1        FAVORABLE REGULATORY FRAMEWORKS AND SUPPORTING INFRASTRUCTURE AT PORTS TO DRIVE MARKET                 97

7               ELECTRIC SHIP MARKET, BY POINT OF SALE

(MARKET SIZE & FORECAST TO 2032, USD)          98

7.1           INTRODUCTION              99

7.2           FULLY ELECTRIC              100

7.2.1        PREVALENCE OF BATTERY-POWERED VESSELS TO DRIVE MARKET 100

7.2.2        BATTERY-POWERED      101

7.2.3        ELECTRO-SOLAR & BATTERY-POWERED              101

7.2.4        FUEL CELL & BATTERY-POWERED           101

7.3           HYBRID                102

7.3.1        EXTENSIVE USE IN VESSELS WITH VARIABLE DUTY CYCLES TO DRIVE MARKET        102

7.3.2        DIESEL & BATTERY-POWERED  102

7.3.3        LPG/LNG & BATTERY-POWERED              103

8               ELECTRIC SHIP MARKET, BY POWER CAPACITY

(MARKET SIZE & FORECAST TO 2032, USD)          104

8.1           INTRODUCTION              105

8.2           <75 KW 106

8.2.1        LARGE-SCALE ADOPTION IN SMALLER VESSELS TO DRIVE MARKET 106

8.3           75–150 KW            106

8.3.1        NEED FOR LONGER OPERATING HOURS AND HIGHER SERVICE SPEEDS TO DRIVE MARKET      106

8.4           151–745 KW          106

8.4.1        FERRY ELECTRIFICATION PROGRAMS AND DECARBONIZATION POLICIES TO DRIVE MARKET           106

8.5           746–7,560 KW      107

8.5.1        EMPHASIS ON SYSTEM RELIABILITY AND ENDURANCE TO DRIVE MARKET         107

8.6           >7,560 KW            107

8.6.1        INTRODUCTION OF ALTERNATIVE ENERGY SOURCES INTO OCEANGOING SHIPPING TO DRIVE MARKET          107

9               ELECTRIC SHIP MARKET, BY RANGE

(MARKET SIZE & FORECAST TO 2032, USD)          108

9.1           INTRODUCTION              109

9.2           <50 KM 110

9.2.1        COMMERCIAL VIABILITY FOR ELECTRIC PROPULSION ADOPTION TO DRIVE MARKET 110

9.3           50–100 KM            110

9.3.1        REGIONAL CONNECTIVITY NEEDS TO DRIVE MARKET                 110

9.4           101–1,000 KM      111

9.4.1        VESSEL OPERATIONS REQUIRING EXTENDED ENDURANCE AND CONSISTENT PERFORMANCE TO DRIVE MARKET               111

9.5           >1,000 KM            111

9.5.1        CONTINUOUS HIGH-POWER OUTPUT REQUIREMENT FOR PROLONGED PERIOD TO DRIVE MARKET  111

10            ELECTRIC SHIP MARKET, BY TONNAGE

(MARKET SIZE & FORECAST TO 2032, USD)          112

10.1         INTRODUCTION              113

10.2         <500 DWT            114

10.2.1      REDUCED PROPULSION DEMAND DUE TO LIMITED CARGO AND PASSENGER CAPACITY TO DRIVE MARKET                 114

10.3         500–5,000 DWT   114

10.3.1      OPERATIONAL DEMANDS FOR SCALABLE AND MODULAR PROPULSION SOLUTIONS TO DRIVE MARKET                 114

10.4         5,001–15,000 DWT              115

10.4.1      NEED FOR HIGHER PROPULSION CAPACITY AND ENDURANCE TO DRIVE MARKET              115

10.5         >15,000 DWT      115

10.5.1      EXTENSIVE USE OF HYBRID CONFIGURATIONS TO DRIVE MARKET 115

11            ELECTRIC SHIP MARKET, BY SHIP TYPE

(MARKET SIZE & FORECAST TO 2032, USD)          116

11.1         INTRODUCTION              117

11.2         COMMERCIAL   118

11.2.1      STRINGENT ENVIRONMENTAL REGULATIONS AND EXPANSION OF CHARGING INFRASTRUCTURE TO DRIVE MARKET               118

11.2.2      PASSENGER VESSELS     118

11.2.2.1  Yachts    119

11.2.2.2  Ferries    119

11.2.2.3  Cruise ships           120

11.2.2.4  Motorboats            120

11.2.3      CARGO VESSELS               120

11.2.3.1  Container vessels 121

11.2.3.2  Bulk carriers          121

11.2.3.3  Tankers  121

11.2.3.4  General cargo ships              121

11.2.4      OTHERS                122

11.2.4.1  Fishing vessels      122

11.2.4.2  Tugs & workboats 123

11.2.4.3  Research vessels   123

11.2.4.4  Dredgers                123

11.2.4.5  Submarines            123

11.3         DEFENSE             124

11.3.1      NAVAL MODERNIZATION PROGRAMS TO DRIVE MARKET               124

11.3.2      DESTROYERS     124

11.3.3      FRIGATES            125

11.3.4      CORVETTES       125

11.3.5      OFFSHORE SUPPORT VESSELS  125

11.3.6      AIRCRAFT CARRIERS      125

11.3.7      SUBMARINES     126

12            ELECTRIC SHIP MARKET, BY REGION

(MARKET SIZE & FORECAST TO 2032, USD)          127

12.1         INTRODUCTION              128

12.2         NORTH AMERICA             129

12.2.1      PESTLE ANALYSIS            129

12.2.2      US           136

12.2.2.1  Rise of maritime electrification to drive market               136

12.2.3      CANADA               138

12.2.3.1  Advances in electric shipping through fleet renewal and integrated infrastructure programs to drive market        138

12.3         EUROPE               140

12.3.1      PESTLE ANALYSIS            140

12.3.2      NORWAY              146

12.3.2.1  Shift from traditional fossil-fuel-powered vessels to electric alternatives to drive market                 146

12.3.3      SWEDEN              148

12.3.3.1  Robust national sustainability agenda to drive market   148

12.3.4      NETHERLANDS 149

12.3.4.1  Transition to zero-emission shipping to drive market    149

12.3.5      FINLAND             151

12.3.5.1  Advanced shipbuilding expertise to drive market            151

12.3.6      DENMARK           152

12.3.6.1  Favorable environmental regulations to drive market    152

12.3.7      UK          154

12.3.7.1  Regulatory push for zero-emission shipping to drive market                 154

12.3.8      REST OF EUROPE             155

12.4         ASIA PACIFIC     157

12.4.1      PESTLE ANALYSIS            157

12.4.2      CHINA  164

12.4.2.1  Domestic battery and power electronics leadership to drive market    164

12.4.3      JAPAN   165

12.4.3.1  Government-led autonomy initiatives to drive market   165

12.4.4      AUSTRALIA         167

12.4.4.1  Infrastructure modernization and innovation agility to drive market    167

12.4.5      SOUTH KOREA  169

12.4.5.1  Policy-backed fleets, green power supply, and shipyard dominance to drive market 169

12.4.6      INDIA    170

12.4.6.1  Infrastructure modernization and solar innovation to drive market    170

12.4.7      REST OF ASIA PACIFIC   172

12.5         MIDDLE EAST   173

12.5.1      PESTLE ANALYSIS            174

12.5.2      GCC       180

12.5.2.1  Saudi Arabia          182

12.5.2.1.1                Increase in marine travel to drive market         182

12.5.2.2  UAE        183

12.5.2.2.1                Port modernization and green shipping initiatives to drive market          183

12.5.3      ISRAEL  185

12.5.3.1  Technology integration and naval modernization to drive market                 185

12.5.4      TURKEY                186

12.5.4.1  Compliance with international trade and shipping regulations to drive market          186

12.6         REST OF THE WORLD    188

12.6.1      PESTLE ANALYSIS            189

12.6.2      AFRICA 196

12.6.2.1  Urban transit modernization and tourism-led initiatives to drive market    196

12.6.3      LATIN AMERICA                197

12.6.3.1  Inland waterway scale and eco-tourism to drive market 197

13            COMPETITIVE LANDSCAPE         200

13.1         INTRODUCTION              200

13.2         KEY PLAYER STRATEGIES/RIGHT TO WIN, 2022–2025                 200

13.3         MARKET SHARE ANALYSIS, 2024                 202

13.4         REVENUE ANALYSIS, 2021–2024  204

13.5         BRAND/PRODUCT COMPARISON             205

13.6         COMPANY VALUATION AND FINANCIAL METRICS                 205

13.7         COMPANY EVALUATION MATRIX: KEY PLAYERS, 2024                 206

13.7.1      STARS   206

13.7.2      EMERGING LEADERS     207

13.7.3      PERVASIVE PLAYERS      207

13.7.4      PARTICIPANTS 207

13.7.5      COMPANY FOOTPRINT 208

13.7.5.1  Company footprint               208

13.7.5.2  Region footprint   209

13.7.5.3  Point of sale footprint          210

13.7.5.4  Ship type footprint                211

13.8         COMPANY EVALUATION MATRIX: START-UPS/SMES, 2025        212

13.8.1      PROGRESSIVE COMPANIES         212

13.8.2      RESPONSIVE COMPANIES            212

13.8.3      DYNAMIC COMPANIES  212

13.8.4      STARTING BLOCKS         212

13.8.5      COMPETITIVE BENCHMARKING               214

13.8.5.1  List of start-ups/SMEs        214

13.8.5.2  Competitive benchmarking of start-ups/SMEs               214

13.9         COMPETITIVE SCENARIO             215

13.9.1      PRODUCT LAUNCHES/DEVELOPMENTS               215

13.9.2      DEALS  217

13.9.3      OTHERS                223

14            COMPANY PROFILES      238

14.1         KEY PLAYERS     238

14.1.1      ABB        238

14.1.1.1  Business overview 238

14.1.1.2  Products offered   239

14.1.1.3  Recent developments           240

14.1.1.3.1                Product launches/developments        240

14.1.1.3.2                Deals      240

14.1.1.3.3                Others    241

14.1.1.4  MnM view              242

14.1.1.4.1                Right to win           242

14.1.1.4.2                Strategic choices   242

14.1.1.4.3                Weaknesses and competitive threats 242

14.1.2      WÄRTSILÄ           243

14.1.2.1  Business overview 243

14.1.2.2  Products offered   244

14.1.2.3  Recent developments           245

14.1.2.3.1                Product launches/developments        245

14.1.2.3.2                Deals      245

14.1.2.3.3                Others    246

14.1.2.4  MnM view              247

14.1.2.4.1                Right to win           247

14.1.2.4.2                Strategic choices   247

14.1.2.4.3                Weaknesses and competitive threats 247

14.1.3      SCHOTTEL GROUP         248

14.1.3.1  Business overview 248

14.1.3.2  Products offered   248

14.1.3.3  Recent developments           249

14.1.3.3.1                Deals      249

14.1.3.3.2                Others    250

14.1.3.4  MnM view              251

14.1.3.4.1                Right to win           251

14.1.3.4.2                Strategic choices   251

14.1.3.4.3                Weaknesses and competitive threats 251

14.1.4      CORVUS ENERGY             252

14.1.4.1  Business overview 252

14.1.4.2  Products offered   252

14.1.4.3  Recent developments           253

14.1.4.3.1                Deals      253

14.1.4.3.2                Others    253

14.1.4.4  MnM view              254

14.1.4.4.1                Right to win           254

14.1.4.4.2                Strategic choices   254

14.1.4.4.3                Weaknesses and competitive threats 255

14.1.5      GE VERNOVA     256

14.1.5.1  Business overview 256

14.1.5.2  Products offered   257

14.1.5.3  Recent developments           258

14.1.5.3.1                Deals      258

14.1.5.3.2                Others    258

14.1.5.4  MnM view              259

14.1.5.4.1                Right to win           259

14.1.5.4.2                Strategic choices   260

14.1.5.4.3                Weaknesses and competitive threats 260

14.1.6      KONGSBERG      261

14.1.6.1  Business overview 261

14.1.6.2  Products offered   262

14.1.6.3  Recent developments           263

14.1.6.3.1                Others    263

14.1.7      VARD AS               265

14.1.7.1  Business overview 265

14.1.7.2  Products offered   265

14.1.7.3  Recent developments           265

14.1.7.3.1                Others    265

14.1.8      SIEMENS              268

14.1.8.1  Business overview 268

14.1.8.2  Products offered   269

14.1.9      LECLANCHÉ SA 270

14.1.9.1  Business overview 270

14.1.9.2  Products offered   270

14.1.9.3  Recent developments           271

14.1.9.3.1                Product launches/developments        271

14.1.9.3.2                Deals      271

14.1.9.3.3                Others    271

14.1.10   BAE SYSTEMS    273

14.1.10.1                 Business overview 273

14.1.10.2                 Products offered   274

14.1.10.3                 Recent developments           275

14.1.10.3.1             Others    275

14.1.11   SAFT      276

14.1.11.1                 Business overview 276

14.1.11.2                 Products offered   276

14.1.12   NORWEGIAN ELECTRIC SYSTEMS            277

14.1.12.1                 Business overview 277

14.1.12.2                 Products offered   277

14.1.12.3                 Recent developments           278

14.1.12.3.1             Deals      278

14.1.12.3.2             Others    278

14.1.13   EVERLLENCE     280

14.1.13.1                 Business overview 280

14.1.13.2                 Products offered   280

14.1.13.3                 Recent developments           281

14.1.13.3.1             Product launches/developments        281

14.1.13.3.2             Deals      281

14.1.13.3.3             Others    282

14.1.14   ECHANDIA AB   283

14.1.14.1                 Business overview 283

14.1.14.2                 Products offered   283

14.1.14.3                 Recent developments           284

14.1.14.3.1             Deals      284

14.1.14.3.2             Others    284

14.1.15   ANGLO BELGIAN CORPORATION NV      286

14.1.15.1                 Business overview 286

14.1.15.2                 Products offered   286

14.1.15.3                 Recent developments           287

14.1.15.3.1             Deals      287

14.1.15.3.2             Others    288

14.1.16   DANFOSS             289

14.1.16.1                 Business overview 289

14.1.16.2                 Products offered   289

14.1.16.3                 Recent developments           290

14.1.16.3.1             Deals      290

14.1.16.3.2             Others    290

14.1.17   FJELLSTRAND AS              292

14.1.17.1                 Business overview 292

14.1.17.2                 Products offered   292

14.1.17.3                 Recent developments           293

14.1.17.3.1             Product launches/developments        293

14.1.17.3.2             Others    293

14.1.18   SØBY SHIPYARD               294

14.1.18.1                 Business overview 294

14.1.18.2                 Products offered   294

14.1.19   MITSUBISHI SHIPBUILDING CO., LTD.   295

14.1.19.1                 Business overview 295

14.1.19.2                 Products offered   295

14.1.20   DAMEN SHIPYARDS GROUP        296

14.1.20.1                 Business overview 296

14.1.20.2                 Products offered   296

14.1.20.3                 Recent developments           297

14.1.20.3.1             Product launches/developments        297

14.1.20.3.2             Deals      298

14.1.20.3.3             Others    298

14.1.21   BALTIC WORKBOATS AS               300

14.1.21.1                 Business overview 300

14.1.21.2                 Products offered   300

14.1.21.3                 Recent developments           301

14.1.21.3.1             Deals      301

14.1.21.3.2             Others    301

14.1.22   COCHIN SHIPYARD LIMITED      303

14.1.22.1                 Business overview 303

14.1.22.2                 Products offered   303

14.1.22.3                 Recent developments           303

14.1.22.3.1             Product launches/developments        303

14.1.22.3.2             Deals      304

14.1.22.3.3             Others    304

14.2         OTHER PLAYERS              306

14.2.1      ECO MARINE POWER CO., LTD. 306

14.2.2      EST FLOATTECH              307

14.2.3      SHIFT    308

14.2.4      INCAT CROWTHER          309

14.2.5      INGETEAM, S.A. 310

14.2.6      VOITH TURBO MARINE 311

14.2.7      YARA     311

15            APPENDIX           312

15.1         DISCUSSION GUIDE        312

15.2         KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL                314

15.3         CUSTOMIZATION OPTIONS        316

15.4         RELATED REPORTS         316

15.5         AUTHOR DETAILS           317

LIST OF TABLES

TABLE 1                USD EXCHANGE RATE   33

TABLE 2                BATTERY CAPACITY/POWER REQUIREMENTS OF SHIPS              56

TABLE 3                ROLE OF COMPANIES IN ECOSYSTEM    62

TABLE 4                INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY SHIP TYPE (%)        64

TABLE 5                KEY BUYING CRITERIA, BY SHIP TYPE    65

TABLE 6                KEY CONFERENCES AND EVENTS, 2025–2026                 65

TABLE 7                NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS                 66

TABLE 8                EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS           67

TABLE 9                ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS                 67

TABLE 10              REST OF THE WORLD: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS                 68

TABLE 11              NEWBUILD VS. RETROFIT VESSELS, 2021–2024 (UNITS)                71

TABLE 12              NEWBUILD VS. RETROFIT VESSELS, 2025–2032 (UNITS)                72

TABLE 13              IMPORT DATA FOR HS CODE 8901-COMPLIANT PRODUCTS, BY COUNTRY,

2020–2024 (USD THOUSAND)      73

TABLE 14              EXPORT DATA FOR HS CODE 8901-COMPLIANT PRODUCTS, BY COUNTRY,

2020–2024 (USD THOUSAND)      74

TABLE 15              PATENT ANALYSIS          75

TABLE 16              AVERAGE SELLING PRICE TREND OF ELECTRIC SHIPS OFFERED BY KEY PLAYERS,  2021–2024 (USD MILLION)                 79

TABLE 17              AVERAGE SELLING PRICE TREND, BY REGION, 2020–2024 (USD MILLION)            79

TABLE 18              BUSINESS MODELS IN ELECTRIC SHIP MARKET                 82

TABLE 19              US-ADJUSTED RECIPROCAL TARIFF RATES                 90

TABLE 20              KEY PRODUCT-RELATED TARIFF FOR ELECTRIC SHIPS               90

TABLE 21              ANTICIPATED CHANGES IN PRICES AND POTENTIAL IMPACT ON END-USE MARKETS      91

TABLE 22              ELECTRIC SHIP MARKET, BY AUTONOMY, 2021–2024 (USD MILLION)       95

TABLE 23              ELECTRIC SHIP MARKET, BY AUTONOMY, 2025–2032 (USD MILLION)       96

TABLE 24              NEWBUILD & LINE FIT VS. RETROFIT, 2021–2024 (USD MILLION) 99

TABLE 25              NEWBUILD & LINE FIT VS. RETROFIT, 2025–2032 (USD MILLION) 99

TABLE 26              ELECTRIC SHIP MARKET, BY PROPULSION, 2021–2024 (USD MILLION)            100

TABLE 27              ELECTRIC SHIP MARKET, BY PROPULSION, 2025–2032 (USD MILLION)            100

TABLE 28              FULLY ELECTRIC SHIP MARKET, BY TYPE, 2021–2024 (USD MILLION)       100

TABLE 29              FULLY ELECTRIC SHIP MARKET, BY TYPE, 2025–2032 (USD MILLION)       101

TABLE 30              HYBRID ELECTRIC SHIP MARKET, BY TYPE, 2021–2024 (USD MILLION)            102

TABLE 31              HYBRID ELECTRIC SHIP MARKET, BY TYPE, 2025–2032 (USD MILLION)            102

TABLE 32              ELECTRIC SHIP MARKET, BY POWER CAPACITY, 2021–2024 (USD MILLION)            105

TABLE 33              ELECTRIC SHIP MARKET, BY POWER CAPACITY, 2025–2032 (USD MILLION)            106

TABLE 34              ELECTRIC SHIP MARKET, BY RANGE, 2021–2024 (USD MILLION) 109

TABLE 35              ELECTRIC SHIP MARKET, BY RANGE, 2025–2032 (USD MILLION) 110

TABLE 36              ELECTRIC SHIP MARKET, BY TONNAGE, 2021–2024 (USD MILLION)       113

TABLE 37              ELECTRIC SHIP MARKET, BY TONNAGE, 2025–2032 (USD MILLION)       114

TABLE 38              ELECTRIC SHIP MARKET, BY SHIP TYPE, 2021–2024 (USD MILLION)       117

TABLE 39              ELECTRIC SHIP MARKET, BY SHIP TYPE, 2025–2032 (USD MILLION)       117

TABLE 40              COMMERCIAL ELECTRIC SHIP MARKET, BY SHIP TYPE, 2021–2024 (USD MILLION)                118

TABLE 41              COMMERCIAL ELECTRIC SHIP MARKET, BY SHIP TYPE, 2025–2032 (USD MILLION)                118

TABLE 42              PASSENGER VESSELS: COMMERCIAL ELECTRIC SHIP MARKET, BY TYPE,

2021–2024 (USD MILLION)            119

TABLE 43              PASSENGER VESSELS: COMMERCIAL ELECTRIC SHIP MARKET, BY TYPE,

2025–2032 (USD MILLION)            119

TABLE 44              CARGO VESSELS: COMMERCIAL ELECTRIC SHIP MARKET, BY TYPE,

2021–2024 (USD MILLION)            120

TABLE 45              CARGO VESSELS: COMMERCIAL ELECTRIC SHIP MARKET, BY TYPE,

2025–2032 (USD MILLION)            121

TABLE 46              OTHERS: COMMERCIAL ELECTRIC SHIP MARKET, BY TYPE,

2021–2024 (USD MILLION)            122

TABLE 47              OTHERS: COMMERCIAL ELECTRIC SHIP MARKET, BY TYPE,

2025–2032 (USD MILLION)            122

TABLE 48              DEFENSE ELECTRIC SHIP MARKET, BY SHIP TYPE, 2021–2024 (USD MILLION)                124

TABLE 49              DEFENSE ELECTRIC SHIP MARKET, BY SHIP TYPE, 2025–2032 (USD MILLION)                124

TABLE 50              ELECTRIC SHIP MARKET, BY REGION, 2021–2024 (USD MILLION) 129

TABLE 51              ELECTRIC SHIP MARKET, BY REGION, 2025–2032 (USD MILLION) 129

TABLE 52              NORTH AMERICA: ELECTRIC SHIP MARKET, BY COUNTRY,

2021–2024 (USD MILLION)            131

TABLE 53              NORTH AMERICA: ELECTRIC SHIP MARKET, BY COUNTRY,

2025–2032 (USD MILLION)            131

TABLE 54              NORTH AMERICA: ELECTRIC SHIP MARKET, BY POINT OF SALE,

2021–2024 (USD MILLION)            132

TABLE 55              NORTH AMERICA: ELECTRIC SHIP MARKET, BY POINT OF SALE,

2025–2032 (USD MILLION)            132

TABLE 56              NORTH AMERICA: ELECTRIC SHIP MARKET, BY PROPULSION,

2021–2024 (USD MILLION)            132

TABLE 57              NORTH AMERICA: ELECTRIC SHIP MARKET, BY PROPULSION,

2025–2032 (USD MILLION)            132

TABLE 58              NORTH AMERICA: FULLY ELECTRIC SHIP MARKET, BY TYPE,

2021–2024 (USD MILLION)            133

TABLE 59              NORTH AMERICA: FULLY ELECTRIC SHIP MARKET, BY TYPE,

2025–2032 (USD MILLION)            133

TABLE 60              NORTH AMERICA: HYBRID ELECTRIC SHIP MARKET, BY TYPE,

2021–2024 (USD MILLION)            133

TABLE 61              NORTH AMERICA: HYBRID ELECTRIC SHIP MARKET, BY TYPE,

2025–2032 (USD MILLION)            133

TABLE 62              NORTH AMERICA: ELECTRIC SHIP MARKET, BY SHIP TYPE,

2021–2024 (USD MILLION)            134

TABLE 63              NORTH AMERICA: ELECTRIC SHIP MARKET, BY SHIP TYPE,

2025–2032 (USD MILLION)            134

TABLE 64              NORTH AMERICA: COMMERCIAL ELECTRIC SHIP MARKET, BY SHIP TYPE,

2021–2024 (USD MILLION)            134

TABLE 65              NORTH AMERICA: COMMERCIAL ELECTRIC SHIP MARKET, BY SHIP TYPE,

2025–2032 (USD MILLION)            134

TABLE 66              NORTH AMERICA: ELECTRIC PASSENGER VESSEL MARKET, BY TYPE,

2021–2024 (USD MILLION)            135

TABLE 67              NORTH AMERICA: ELECTRIC PASSENGER VESSEL MARKET, BY TYPE,

2025–2032 (USD MILLION)            135

TABLE 68              NORTH AMERICA: ELECTRIC CARGO VESSEL MARKET, BY TYPE,

2021–2024 (USD MILLION)            135

TABLE 69              NORTH AMERICA: ELECTRIC CARGO VESSEL MARKET, BY TYPE,

2025–2032 (USD MILLION)            136

TABLE 70              NORTH AMERICA: OTHER COMMERCIAL VESSEL MARKET, BY TYPE,

2021–2024 (USD MILLION)            136

TABLE 71              NORTH AMERICA: OTHER COMMERCIAL VESSEL MARKET, BY TYPE,

2025–2032 (USD MILLION)            136

TABLE 72             US: ELECTRIC SHIP MARKET, BY POINT OF SALE, 2021–2024 (USD MILLION)            137

TABLE 73             US: ELECTRIC SHIP MARKET, BY POINT OF SALE, 2025–2032 (USD MILLION)            137

TABLE 74              US: ELECTRIC SHIP MARKET, BY PROPULSION, 2021–2024 (USD MILLION)            137

TABLE 75              US: ELECTRIC SHIP MARKET, BY PROPULSION, 2025–2032 (USD MILLION)            137

TABLE 76              US: ELECTRIC SHIP MARKET, BY SHIP TYPE, 2021–2024 (USD MILLION)            138

TABLE 77              US: ELECTRIC SHIP MARKET, BY SHIP TYPE, 2025–2032 (USD MILLION)            138

TABLE 78              CANADA: ELECTRIC SHIP MARKET, BY POINT OF SALE, 2021–2024 (USD MILLION)         138

TABLE 79              CANADA: ELECTRIC SHIP MARKET, BY POINT OF SALE, 2025–2032 (USD MILLION)         139

TABLE 80              CANADA: ELECTRIC SHIP MARKET, BY PROPULSION, 2021–2024 (USD MILLION)               139

TABLE 81              CANADA: ELECTRIC SHIP MARKET, BY PROPULSION, 2025–2032 (USD MILLION)               139

TABLE 82              CANADA: ELECTRIC SHIP MARKET, BY SHIP TYPE, 2021–2024 (USD MILLION)                139

TABLE 83              CANADA: ELECTRIC SHIP MARKET, BY SHIP TYPE, 2025–2032 (USD MILLION)                139

TABLE 84              EUROPE: ELECTRIC SHIP MARKET, BY COUNTRY, 2021–2024 (USD MILLION)     141

TABLE 85              EUROPE: ELECTRIC SHIP MARKET, BY COUNTRY, 2025–2032 (USD MILLION)     142

TABLE 86              EUROPE: ELECTRIC SHIP MARKET, BY POINT OF SALE, 2021–2024 (USD MILLION)                142

TABLE 87              EUROPE: ELECTRIC SHIP MARKET, BY POINT OF SALE, 2025–2032 (USD MILLION)                142

TABLE 88              EUROPE: ELECTRIC SHIP MARKET, BY PROPULSION, 2021–2024 (USD MILLION)               142

TABLE 89              EUROPE: ELECTRIC SHIP MARKET, BY PROPULSION, 2025–2032 (USD MILLION)               143

TABLE 90              EUROPE: FULLY ELECTRIC SHIP MARKET, BY TYPE, 2021–2024 (USD MILLION)                143

TABLE 91              EUROPE: FULLY ELECTRIC SHIP MARKET, BY TYPE, 2025–2032 (USD MILLION)                143

TABLE 92              EUROPE: HYBRID ELECTRIC SHIP MARKET, BY TYPE, 2021–2024 (USD MILLION)                143

TABLE 93              EUROPE: HYBRID ELECTRIC SHIP MARKET, BY TYPE, 2025–2032 (USD MILLION)                143

TABLE 94              EUROPE: ELECTRIC SHIP MARKET, BY SHIP TYPE, 2021–2024 (USD MILLION)                144

TABLE 95              EUROPE: ELECTRIC SHIP MARKET, BY SHIP TYPE, 2025–2032 (USD MILLION)                144

TABLE 96              EUROPE: COMMERCIAL ELECTRIC SHIP MARKET, BY SHIP TYPE,

2021–2024 (USD MILLION)            144

TABLE 97              EUROPE: COMMERCIAL ELECTRIC SHIP MARKET, BY SHIP TYPE,

2025–2032 (USD MILLION)            144

TABLE 98              EUROPE: ELECTRIC PASSENGER VESSEL MARKET, BY TYPE,

2021–2024 (USD MILLION)            145

TABLE 99              EUROPE: ELECTRIC PASSENGER VESSEL MARKET, BY TYPE,

2025–2032 (USD MILLION)            145

TABLE 100            EUROPE: ELECTRIC CARGO VESSEL MARKET, BY TYPE, 2021–2024 (USD MILLION)         145

TABLE 101            EUROPE: ELECTRIC CARGO VESSEL MARKET, BY TYPE, 2025–2032 (USD MILLION)         145

TABLE 102            EUROPE: OTHER COMMERCIAL VESSEL MARKET, BY TYPE,

2021–2024 (USD MILLION)            146

TABLE 103            EUROPE: OTHER COMMERCIAL VESSEL MARKET, BY TYPE,

2025–2032 (USD MILLION)            146

TABLE 104            NORWAY: ELECTRIC SHIP MARKET, BY POINT OF SALE, 2021–2024 (USD MILLION)         147

TABLE 105            NORWAY: ELECTRIC SHIP MARKET, BY POINT OF SALE, 2025–2032 (USD MILLION)         147

TABLE 106            NORWAY: ELECTRIC SHIP MARKET, BY PROPULSION, 2021–2024 (USD MILLION)               147

TABLE 107            NORWAY: ELECTRIC SHIP MARKET, BY PROPULSION, 2025–2032 (USD MILLION)               147

TABLE 108            NORWAY: ELECTRIC SHIP MARKET, BY SHIP TYPE, 2021–2024 (USD MILLION)                147

TABLE 109            NORWAY: ELECTRIC SHIP MARKET, BY SHIP TYPE, 2025–2032 (USD MILLION)                148

TABLE 110            SWEDEN: ELECTRIC SHIP MARKET, BY POINT OF SALE, 2021–2024 (USD MILLION)         148

TABLE 111            SWEDEN: ELECTRIC SHIP MARKET, BY POINT OF SALE, 2025–2032 (USD MILLION)         148

TABLE 112            SWEDEN: ELECTRIC SHIP MARKET, BY PROPULSION, 2021–2024 (USD MILLION)               149

TABLE 113            SWEDEN: ELECTRIC SHIP MARKET, BY PROPULSION, 2025–2032 (USD MILLION)               149

TABLE 114            SWEDEN: ELECTRIC SHIP MARKET, BY SHIP TYPE, 2021–2024 (USD MILLION)                149

TABLE 115            SWEDEN: ELECTRIC SHIP MARKET, BY SHIP TYPE, 2025–2032 (USD MILLION)                149

TABLE 116            NETHERLANDS: ELECTRIC SHIP MARKET, BY POINT OF SALE,

2021–2024 (USD MILLION)            150

TABLE 117            NETHERLANDS: ELECTRIC SHIP MARKET, BY POINT OF SALE,

2025–2032 (USD MILLION)            150

TABLE 118            NETHERLANDS: ELECTRIC SHIP MARKET, BY PROPULSION,

2021–2024 (USD MILLION)            150

TABLE 119            NETHERLANDS: ELECTRIC SHIP MARKET, BY PROPULSION,

2025–2032 (USD MILLION)            150

TABLE 120            NETHERLANDS: ELECTRIC SHIP MARKET, BY SHIP TYPE,

2021–2024 (USD MILLION)            151

TABLE 121            NETHERLANDS: ELECTRIC SHIP MARKET, BY SHIP TYPE,

2025–2032 (USD MILLION)            151

TABLE 122            FINLAND: ELECTRIC SHIP MARKET, BY POINT OF SALE, 2021–2024 (USD MILLION)         151

TABLE 123            FINLAND: ELECTRIC SHIP MARKET, BY POINT OF SALE, 2025–2032 (USD MILLION)         151

TABLE 124            FINLAND: ELECTRIC SHIP MARKET, BY PROPULSION, 2021–2024 (USD MILLION)               152

TABLE 125            FINLAND: ELECTRIC SHIP MARKET, BY PROPULSION, 2025–2032 (USD MILLION)               152

TABLE 126            FINLAND: ELECTRIC SHIP MARKET, BY SHIP TYPE, 2021–2024 (USD MILLION)                152

TABLE 127            FINLAND: ELECTRIC SHIP MARKET, BY SHIP TYPE, 2025–2032 (USD MILLION)                152

TABLE 128            DENMARK: ELECTRIC SHIP MARKET, BY POINT OF SALE,

2021–2024 (USD MILLION)            153

TABLE 129            DENMARK: ELECTRIC SHIP MARKET, BY POINT OF SALE,

2025–2032 (USD MILLION)            153

TABLE 130            DENMARK: ELECTRIC SHIP MARKET, BY PROPULSION, 2021–2024 (USD MILLION)               153

TABLE 131            DENMARK: ELECTRIC SHIP MARKET, BY PROPULSION, 2025–2032 (USD MILLION)               153

TABLE 132            DENMARK: ELECTRIC SHIP MARKET, BY SHIP TYPE, 2021–2024 (USD MILLION)                154

TABLE 133            DENMARK: ELECTRIC SHIP MARKET, BY SHIP TYPE, 2025–2032 (USD MILLION)                154

TABLE 134          UK: ELECTRIC SHIP MARKET, BY POINT OF SALE, 2021–2024 (USD MILLION)            154

TABLE 135          UK: ELECTRIC SHIP MARKET, BY POINT OF SALE, 2025–2032 (USD MILLION)            154

TABLE 136            UK: ELECTRIC SHIP MARKET, BY PROPULSION, 2021–2024 (USD MILLION)            155

TABLE 137            UK: ELECTRIC SHIP MARKET, BY PROPULSION, 2025–2032 (USD MILLION)            155

TABLE 138            UK: ELECTRIC SHIP MARKET, BY SHIP TYPE, 2021–2024 (USD MILLION)            155

TABLE 139            UK: ELECTRIC SHIP MARKET, BY SHIP TYPE, 2025–2032 (USD MILLION)            155

TABLE 140            REST OF EUROPE: ELECTRIC SHIP MARKET, BY POINT OF SALE,

2021–2024 (USD MILLION)            156

TABLE 141            REST OF EUROPE: ELECTRIC SHIP MARKET, BY POINT OF SALE,

2025–2032 (USD MILLION)            156

TABLE 142            REST OF EUROPE: ELECTRIC SHIP MARKET, BY PROPULSION,

2021–2024 (USD MILLION)            156

TABLE 143            REST OF EUROPE: ELECTRIC SHIP MARKET, BY PROPULSION,

2025–2032 (USD MILLION)            156

TABLE 144            REST OF EUROPE: ELECTRIC SHIP MARKET, BY SHIP TYPE,

2021–2024 (USD MILLION)            157

TABLE 145            REST OF EUROPE: ELECTRIC SHIP MARKET, BY SHIP TYPE,

2025–2032 (USD MILLION)            157

TABLE 146            ASIA PACIFIC: ELECTRIC SHIP MARKET, BY COUNTRY, 2021–2024 (USD MILLION)     159

TABLE 147            ASIA PACIFIC: ELECTRIC SHIP MARKET, BY COUNTRY, 2025–2032 (USD MILLION)     159

TABLE 148            ASIA PACIFIC: ELECTRIC SHIP MARKET, BY POINT OF SALE,

2021–2024 (USD MILLION)            159

TABLE 149            ASIA PACIFIC: ELECTRIC SHIP MARKET, BY POINT OF SALE,

2025–2032 (USD MILLION)            159

TABLE 150            ASIA PACIFIC: ELECTRIC SHIP MARKET, BY PROPULSION,

2021–2024 (USD MILLION)            160

TABLE 151            ASIA PACIFIC: ELECTRIC SHIP MARKET, BY PROPULSION,

2025–2032 (USD MILLION)            160

TABLE 152            ASIA PACIFIC: FULLY ELECTRIC SHIP MARKET, BY TYPE,

2021–2024 (USD MILLION)            160

TABLE 153            ASIA PACIFIC: FULLY ELECTRIC SHIP MARKET, BY TYPE,

2025–2032 (USD MILLION)            160

TABLE 154            ASIA PACIFIC: HYBRID ELECTRIC SHIP MARKET, BY TYPE,

2021–2024 (USD MILLION)            161

TABLE 155            ASIA PACIFIC: HYBRID ELECTRIC SHIP MARKET, BY TYPE,

2025–2032 (USD MILLION)            161

TABLE 156            ASIA PACIFIC: ELECTRIC SHIP MARKET, BY SHIP TYPE, 2021–2024 (USD MILLION)                161

TABLE 157            ASIA PACIFIC: ELECTRIC SHIP MARKET, BY SHIP TYPE, 2025–2032 (USD MILLION)                161

TABLE 158            ASIA PACIFIC: COMMERCIAL ELECTRIC SHIP MARKET, BY SHIP TYPE,

2021–2024 (USD MILLION)            162

TABLE 159            ASIA PACIFIC: COMMERCIAL ELECTRIC SHIP MARKET, BY SHIP TYPE,

2025–2032 (USD MILLION)            162

TABLE 160            ASIA PACIFIC: ELECTRIC PASSENGER VESSEL MARKET, BY TYPE,

2021–2024 (USD MILLION)            162

TABLE 161            ASIA PACIFIC: ELECTRIC PASSENGER VESSEL MARKET, BY TYPE,

2025–2032 (USD MILLION)            162

TABLE 162            ASIA PACIFIC: ELECTRIC CARGO VESSEL MARKET, BY TYPE,

2021–2024 (USD MILLION)            163

TABLE 163            ASIA PACIFIC: ELECTRIC CARGO VESSEL MARKET, BY TYPE,

2025–2032 (USD MILLION)            163

TABLE 164            ASIA PACIFIC: OTHER COMMERCIAL VESSEL MARKET, BY TYPE,

2021–2024 (USD MILLION)            163

TABLE 165            ASIA PACIFIC: OTHER COMMERCIAL VESSEL MARKET, BY TYPE,

2025–2032 (USD MILLION)            164

TABLE 166            CHINA: ELECTRIC SHIP MARKET, BY POINT OF SALE, 2021–2024 (USD MILLION)                164

TABLE 167            CHINA: ELECTRIC SHIP MARKET, BY POINT OF SALE, 2025–2032 (USD MILLION)                164

TABLE 168            CHINA: ELECTRIC SHIP MARKET, BY PROPULSION, 2021–2024 (USD MILLION)               165

TABLE 169            CHINA: ELECTRIC SHIP MARKET, BY PROPULSION, 2025–2032 (USD MILLION)               165

TABLE 170            CHINA: ELECTRIC SHIP MARKET, BY SHIP TYPE, 2021–2024 (USD MILLION)            165

TABLE 171            CHINA: ELECTRIC SHIP MARKET, BY SHIP TYPE, 2025–2032 (USD MILLION)            165

TABLE 172            JAPAN: ELECTRIC SHIP MARKET, BY POINT OF SALE, 2021–2024 (USD MILLION)                166

TABLE 173            JAPAN: ELECTRIC SHIP MARKET, BY POINT OF SALE, 2025–2032 (USD MILLION)                166

TABLE 174            JAPAN: ELECTRIC SHIP MARKET, BY PROPULSION, 2021–2024 (USD MILLION)               166

TABLE 175            JAPAN: ELECTRIC SHIP MARKET, BY PROPULSION, 2025–2032 (USD MILLION)               166

TABLE 176            JAPAN: ELECTRIC SHIP MARKET, BY SHIP TYPE, 2021–2024 (USD MILLION)            167

TABLE 177            JAPAN: ELECTRIC SHIP MARKET, BY SHIP TYPE, 2025–2032 (USD MILLION)            167

TABLE 178            AUSTRALIA: ELECTRIC SHIP MARKET, BY POINT OF SALE,

2021–2024 (USD MILLION)            167

TABLE 179            AUSTRALIA: ELECTRIC SHIP MARKET, BY POINT OF SALE,

2025–2032 (USD MILLION)            168

TABLE 180            AUSTRALIA: ELECTRIC SHIP MARKET, BY PROPULSION, 2021–2024 (USD MILLION)               168

TABLE 181            AUSTRALIA: ELECTRIC SHIP MARKET, BY PROPULSION, 2025–2032 (USD MILLION)               168

TABLE 182            AUSTRALIA: ELECTRIC SHIP MARKET, BY SHIP TYPE, 2021–2024 (USD MILLION)                168

TABLE 183            AUSTRALIA: ELECTRIC SHIP MARKET, BY SHIP TYPE, 2025–2032 (USD MILLION)                168

TABLE 184            SOUTH KOREA: ELECTRIC SHIP MARKET, BY POINT OF SALE,

2021–2024 (USD MILLION)            169

TABLE 185            SOUTH KOREA: ELECTRIC SHIP MARKET, BY POINT OF SALE,

2025–2032 (USD MILLION)            169

TABLE 186            SOUTH KOREA: ELECTRIC SHIP MARKET, BY PROPULSION,

2021–2024 (USD MILLION)            169

TABLE 187            SOUTH KOREA: ELECTRIC SHIP MARKET, BY PROPULSION,

2025–2032 (USD MILLION)            170

TABLE 188            SOUTH KOREA: ELECTRIC SHIP MARKET, BY SHIP TYPE,

2021–2024 (USD MILLION)            170

TABLE 189            SOUTH KOREA: ELECTRIC SHIP MARKET, BY SHIP TYPE,

2025–2032 (USD MILLION)            170

TABLE 190            INDIA: ELECTRIC SHIP MARKET, BY POINT OF SALE, 2021–2024 (USD MILLION)                171

TABLE 191            INDIA: ELECTRIC SHIP MARKET, BY POINT OF SALE, 2025–2032 (USD MILLION)                171

TABLE 192            INDIA: ELECTRIC SHIP MARKET, BY PROPULSION, 2021–2024 (USD MILLION)               171

TABLE 193            INDIA: ELECTRIC SHIP MARKET, BY PROPULSION, 2025–2032 (USD MILLION)               171

TABLE 194            INDIA: ELECTRIC SHIP MARKET, BY SHIP TYPE, 2021–2024 (USD MILLION)            171

TABLE 195            INDIA: ELECTRIC SHIP MARKET, BY SHIP TYPE, 2025–2032 (USD MILLION)            172

TABLE 196            REST OF ASIA PACIFIC: ELECTRIC SHIP MARKET, BY POINT OF SALE,

2021–2024 (USD MILLION)            172

TABLE 197            REST OF ASIA PACIFIC: ELECTRIC SHIP MARKET, BY POINT OF SALE,

2025–2032 (USD MILLION)            172

TABLE 198            REST OF ASIA PACIFIC: ELECTRIC SHIP MARKET, BY PROPULSION,

2021–2024 (USD MILLION)            173

TABLE 199            REST OF ASIA PACIFIC: ELECTRIC SHIP MARKET, BY PROPULSION,

2025–2032 (USD MILLION)            173

TABLE 200            REST OF ASIA PACIFIC: ELECTRIC SHIP MARKET, BY SHIP TYPE,

2021–2024 (USD MILLION)            173

TABLE 201            REST OF ASIA PACIFIC: ELECTRIC SHIP MARKET, BY SHIP TYPE,

2025–2032 (USD MILLION)            173

TABLE 202            MIDDLE EAST: ELECTRIC SHIP MARKET, BY COUNTRY, 2021–2024 (USD MILLION)     175

TABLE 203            MIDDLE EAST: ELECTRIC SHIP MARKET, BY COUNTRY, 2025–2032 (USD MILLION)     176

TABLE 204            MIDDLE EAST: ELECTRIC SHIP MARKET, BY POINT OF SALE,

2021–2024 (USD MILLION)            176

TABLE 205            MIDDLE EAST: ELECTRIC SHIP MARKET, BY POINT OF SALE,

2025–2032 (USD MILLION)            176

TABLE 206            MIDDLE EAST: ELECTRIC SHIP MARKET, BY PROPULSION,

2021–2024 (USD MILLION)            176

TABLE 207            MIDDLE EAST: ELECTRIC SHIP MARKET, BY PROPULSION,

2025–2032 (USD MILLION)            176

TABLE 208            MIDDLE EAST: FULLY ELECTRIC SHIP MARKET, BY TYPE,

2021–2024 (USD MILLION)            177

TABLE 209            MIDDLE EAST: FULLY ELECTRIC SHIP MARKET, BY TYPE,

2025–2032 (USD MILLION)            177

TABLE 210          MIDDLE EAST: HYBRID ELECTRIC SHIP MARKET, BY TYPE,

2021–2024 (USD MILLION)            177

TABLE 211          MIDDLE EAST: HYBRID ELECTRIC SHIP MARKET, BY TYPE,

2025–2032 (USD MILLION)            177

TABLE 212            MIDDLE EAST: ELECTRIC SHIP MARKET, BY SHIP TYPE, 2021–2024 (USD MILLION)     177

TABLE 213            MIDDLE EAST: ELECTRIC SHIP MARKET, BY SHIP TYPE, 2025–2032 (USD MILLION)     178

TABLE 214            MIDDLE EAST: COMMERCIAL ELECTRIC SHIP MARKET, BY SHIP TYPE,

2021–2024 (USD MILLION)            178

TABLE 215            MIDDLE EAST: COMMERCIAL ELECTRIC SHIP MARKET, BY SHIP TYPE,

2025–2032 (USD MILLION)            178

TABLE 216            MIDDLE EAST: ELECTRIC PASSENGER VESSEL MARKET, BY TYPE,

2021–2024 (USD MILLION)            178

TABLE 217            MIDDLE EAST: ELECTRIC PASSENGER VESSEL MARKET, BY TYPE,

2025–2032 (USD MILLION)            179

TABLE 218            MIDDLE EAST: ELECTRIC CARGO VESSEL MARKET, BY TYPE,

2021–2024 (USD MILLION)            179

TABLE 219            MIDDLE EAST: ELECTRIC CARGO VESSEL MARKET, BY TYPE,

2025–2032 (USD MILLION)            179

TABLE 220            MIDDLE EAST: OTHER COMMERCIAL VESSEL MARKET, BY TYPE,

2021–2024 (USD MILLION)            179

TABLE 221            MIDDLE EAST: OTHER COMMERCIAL VESSEL MARKET, BY TYPE,

2025–2032 (USD MILLION)            180

TABLE 222            GCC: ELECTRIC SHIP MARKET, BY COUNTRY, 2021–2024 (USD MILLION)            180

TABLE 223            GCC: ELECTRIC SHIP MARKET, BY COUNTRY, 2025–2032 (USD MILLION)            180

TABLE 224            GCC: ELECTRIC SHIP MARKET, BY POINT OF SALE, 2021–2024 (USD MILLION)                181

TABLE 225            GCC: ELECTRIC SHIP MARKET, BY POINT OF SALE, 2025–2032 (USD MILLION)                181

TABLE 226            GCC: ELECTRIC SHIP MARKET, BY PROPULSION, 2021–2024 (USD MILLION)            181

TABLE 227            GCC: ELECTRIC SHIP MARKET, BY PROPULSION, 2025–2032 (USD MILLION)            181

TABLE 228            GCC: ELECTRIC SHIP MARKET, BY SHIP TYPE, 2021–2024 (USD MILLION)            181

TABLE 229            GCC: ELECTRIC SHIP MARKET, BY SHIP TYPE, 2025–2032 (USD MILLION)            182

TABLE 230            SAUDI ARABIA: ELECTRIC SHIP MARKET, BY POINT OF SALE,

2021–2024 (USD MILLION)            182

TABLE 231            SAUDI ARABIA: ELECTRIC SHIP MARKET, BY POINT OF SALE,

2025–2032 (USD MILLION)            182

TABLE 232            SAUDI ARABIA: ELECTRIC SHIP MARKET, BY PROPULSION,

2021–2024 (USD MILLION)            183

TABLE 233            SAUDI ARABIA: ELECTRIC SHIP MARKET, BY PROPULSION,

2025–2032 (USD MILLION)            183

TABLE 234            SAUDI ARABIA: ELECTRIC SHIP MARKET, BY SHIP TYPE,

2021–2024 (USD MILLION)            183

TABLE 235            SAUDI ARABIA: ELECTRIC SHIP MARKET, BY SHIP TYPE,

2025–2032 (USD MILLION)            183

TABLE 236            UAE: ELECTRIC SHIP MARKET, BY POINT OF SALE, 2021–2024 (USD MILLION)                184

TABLE 237            UAE: ELECTRIC SHIP MARKET, BY POINT OF SALE, 2025–2032 (USD MILLION)                184

TABLE 238            UAE: ELECTRIC SHIP MARKET, BY PROPULSION, 2021–2024 (USD MILLION)            184

TABLE 239            UAE: ELECTRIC SHIP MARKET, BY PROPULSION, 2025–2032 (USD MILLION)            184

TABLE 240            UAE: ELECTRIC SHIP MARKET, BY SHIP TYPE, 2021–2024 (USD MILLION)            185

TABLE 241            UAE: ELECTRIC SHIP MARKET, BY SHIP TYPE, 2025–2032 (USD MILLION)            185

TABLE 242            ISRAEL: ELECTRIC SHIP MARKET, BY POINT OF SALE, 2021–2024 (USD MILLION)                185

TABLE 243            ISRAEL: ELECTRIC SHIP MARKET, BY POINT OF SALE, 2025–2032 (USD MILLION)                185

TABLE 244            ISRAEL: ELECTRIC SHIP MARKET, BY PROPULSION, 2021–2024 (USD MILLION)               186

TABLE 245            ISRAEL: ELECTRIC SHIP MARKET, BY PROPULSION, 2025–2032 (USD MILLION)               186

TABLE 246            ISRAEL: ELECTRIC SHIP MARKET, BY SHIP TYPE, 2021–2024 (USD MILLION)            186

TABLE 247            ISRAEL: ELECTRIC SHIP MARKET, BY SHIP TYPE, 2025–2032 (USD MILLION)            186

TABLE 248            TURKEY: ELECTRIC SHIP MARKET, BY POINT OF SALE, 2021–2024 (USD MILLION)                187

TABLE 249            TURKEY: ELECTRIC SHIP MARKET, BY POINT OF SALE, 2025–2032 (USD MILLION)                187

TABLE 250            TURKEY: ELECTRIC SHIP MARKET, BY PROPULSION, 2021–2024 (USD MILLION)               187

TABLE 251            TURKEY: ELECTRIC SHIP MARKET, BY PROPULSION, 2025–2032 (USD MILLION)               187

TABLE 252            TURKEY: ELECTRIC SHIP MARKET, BY SHIP TYPE, 2021–2024 (USD MILLION)                188

TABLE 253            TURKEY: ELECTRIC SHIP MARKET, BY SHIP TYPE, 2025–2032 (USD MILLION)                188

TABLE 254            REST OF THE WORLD: ELECTRIC SHIP MARKET, BY REGION,

2021–2024 (USD MILLION)            190

TABLE 255            REST OF THE WORLD: ELECTRIC SHIP MARKET, BY REGION,

2025–2032 (USD MILLION)            190

TABLE 256            REST OF THE WORLD: ELECTRIC SHIP MARKET, BY POINT OF SALE,

2021–2024 (USD MILLION)            191

TABLE 257            REST OF THE WORLD: ELECTRIC SHIP MARKET, BY POINT OF SALE,

2025–2032 (USD MILLION)            191

TABLE 258            REST OF THE WORLD: ELECTRIC SHIP MARKET, BY PROPULSION,

2021–2024 (USD MILLION)            191

TABLE 259            REST OF THE WORLD: ELECTRIC SHIP MARKET, BY PROPULSION,

2025–2032 (USD MILLION)            191

TABLE 260            REST OF THE WORLD: FULLY ELECTRIC SHIP MARKET, BY TYPE,

2021–2024 (USD MILLION)            192

TABLE 261            REST OF THE WORLD: FULLY ELECTRIC SHIP MARKET, BY TYPE,

2025–2032 (USD MILLION)            192

TABLE 262            REST OF THE WORLD: HYBRID ELECTRIC SHIP MARKET, BY TYPE,

2021–2024 (USD MILLION)            192

TABLE 263            REST OF THE WORLD: HYBRID ELECTRIC SHIP MARKET, BY TYPE,

2025–2032 (USD MILLION)            192

TABLE 264            REST OF THE WORLD: ELECTRIC SHIP MARKET, BY SHIP TYPE,

2021–2024 (USD MILLION)            193

TABLE 265            REST OF THE WORLD: ELECTRIC SHIP MARKET, BY SHIP TYPE,

2025–2032 (USD MILLION)            193

TABLE 266            REST OF THE WORLD: COMMERCIAL ELECTRIC SHIP MARKET, BY SHIP TYPE,  2021–2024 (USD MILLION)                 193

TABLE 267            REST OF THE WORLD: COMMERCIAL ELECTRIC SHIP MARKET, BY SHIP TYPE,  2025–2032 (USD MILLION)                 193

TABLE 268            REST OF THE WORLD: ELECTRIC PASSENGER VESSEL MARKET, BY TYPE,

2021–2024 (USD MILLION)            194

TABLE 269            REST OF THE WORLD: ELECTRIC PASSENGER VESSEL MARKET, BY TYPE,

2025–2032 (USD MILLION)            194

TABLE 270            REST OF THE WORLD: ELECTRIC CARGO VESSEL MARKET, BY TYPE,

2021–2024 (USD MILLION)            194

TABLE 271            REST OF THE WORLD: ELECTRIC CARGO VESSEL MARKET, BY TYPE,

2025–2032 (USD MILLION)            195

TABLE 272            REST OF THE WORLD: OTHER COMMERCIAL VESSEL MARKET, BY TYPE,

2021–2024 (USD MILLION)            195

TABLE 273            REST OF THE WORLD: OTHER COMMERCIAL VESSEL MARKET, BY TYPE,

2025–2032 (USD MILLION)            195

TABLE 274            AFRICA: ELECTRIC SHIP MARKET, BY POINT OF SALE, 2021–2024 (USD MILLION)                196

TABLE 275            AFRICA: ELECTRIC SHIP MARKET, BY POINT OF SALE, 2025–2032 (USD MILLION)                196

TABLE 276            AFRICA: ELECTRIC SHIP MARKET, BY PROPULSION, 2021–2024 (USD MILLION)               196

TABLE 277            AFRICA: ELECTRIC SHIP MARKET, BY PROPULSION, 2025–2032 (USD MILLION)               197

TABLE 278            AFRICA: ELECTRIC SHIP MARKET, BY SHIP TYPE, 2021–2024 (USD MILLION)            197

TABLE 279            AFRICA: ELECTRIC SHIP MARKET, BY SHIP TYPE, 2025–2032 (USD MILLION)            197

TABLE 280            LATIN AMERICA: ELECTRIC SHIP MARKET, BY POINT OF SALE,

2021–2024 (USD MILLION)            198

TABLE 281            LATIN AMERICA: ELECTRIC SHIP MARKET, BY POINT OF SALE,

2025–2032 (USD MILLION)            198

TABLE 282            LATIN AMERICA: ELECTRIC SHIP MARKET, BY PROPULSION,

2021–2024 (USD MILLION)            198

TABLE 283            LATIN AMERICA: ELECTRIC SHIP MARKET, BY PROPULSION,

2025–2032 (USD MILLION)            198

TABLE 284            LATIN AMERICA: ELECTRIC SHIP MARKET, BY SHIP TYPE,

2021–2024 (USD MILLION)            198

TABLE 285            LATIN AMERICA: ELECTRIC SHIP MARKET, BY SHIP TYPE,

2025–2032 (USD MILLION)            199

TABLE 286            KEY PLAYER STRATEGIES/RIGHT TO WIN, 2022–2025        200

TABLE 287            ELECTRIC SHIP MARKET: DEGREE OF COMPETITION 202

TABLE 288            REGION FOOTPRINT     209

TABLE 289            POINT OF SALE FOOTPRINT      210

TABLE 290            SHIP TYPE FOOTPRINT 211

TABLE 291            LIST OF START-UPS/SMES           214

TABLE 292            COMPETITIVE BENCHMARKING OF START-UPS/SMES           214

TABLE 293            ELECTRIC SHIP MARKET: PRODUCT LAUNCHES/DEVELOPMENTS, 2021–2025                215

TABLE 294            ELECTRIC SHIP MARKET: DEALS, 2021–2025                 217

TABLE 295            ELECTRIC SHIP MARKET: OTHERS, 2021–2025                 223

TABLE 296            ABB: COMPANY OVERVIEW         238

TABLE 297            ABB: PRODUCTS OFFERED          239

TABLE 298            ABB: PRODUCT LAUNCHES/DEVELOPMENTS                 240

TABLE 299            ABB: DEALS        240

TABLE 300            ABB: OTHERS     241

TABLE 301            WÄRTSILÄ: COMPANY OVERVIEW            243

TABLE 302            WÄRTSILÄ: PRODUCTS OFFERED             244

TABLE 303            WÄRTSILÄ: PRODUCT LAUNCHES/DEVELOPMENTS    245

TABLE 304            WÄRTSILÄ: DEALS           245

TABLE 305            WÄRTSILÄ: OTHERS        246

TABLE 306            SCHOTTEL GROUP: COMPANY OVERVIEW                 248

TABLE 307            SCHOTTEL GROUP: PRODUCTS OFFERED                 248

TABLE 308            SCHOTTEL GROUP: DEALS         249

TABLE 309            SCHOTTEL GROUP: OTHERS      250

TABLE 310            CORVUS ENERGY: COMPANY OVERVIEW                 252

TABLE 311            CORVUS ENERGY: PRODUCTS OFFERED                 252

TABLE 312            CORVUS ENERGY: DEALS             253

TABLE 313            CORVUS ENERGY: OTHERS          253

TABLE 314            GE VERNOVA: COMPANY OVERVIEW      256

TABLE 315            GE VERNOVA: PRODUCTS OFFERED       257

TABLE 316            GE VERNOVA: DEALS     258

TABLE 317            GE VERNOVA: OTHERS 258

TABLE 318            KONGSBERG: COMPANY OVERVIEW       261

TABLE 319            KONGSBERG: PRODUCTS OFFERED        262

TABLE 320            KONGSBERG: OTHERS   263

TABLE 321            VARD AS: COMPANY OVERVIEW               265

TABLE 322            VARD AS: PRODUCTS OFFERED 265

TABLE 323            VARD AS: OTHERS           265

TABLE 324            SIEMENS: COMPANY OVERVIEW               268

TABLE 325            SIEMENS: PRODUCTS OFFERED                269

TABLE 326            LECLANCHÉ SA: COMPANY OVERVIEW 270

TABLE 327            LECLANCHÉ SA: PRODUCTS OFFERED  270

TABLE 328            LECLANCHÉ SA: PRODUCT LAUNCHES/DEVELOPMENTS    271

TABLE 329            LECLANCHÉ SA: DEALS 271

TABLE 330            LECLANCHÉ SA: OTHERS              271

TABLE 331            BAE SYSTEMS: COMPANY OVERVIEW     273

TABLE 332            BAE SYSTEMS: PRODUCTS OFFERED      274

TABLE 333            BAE SYSTEMS: OTHERS 275

TABLE 334            SAFT: COMPANY OVERVIEW       276

TABLE 335            SAFT: PRODUCTS OFFERED        276

TABLE 336            NORWEGIAN ELECTRIC SYSTEMS: COMPANY OVERVIEW          277

TABLE 337            NORWEGIAN ELECTRIC SYSTEMS: PRODUCTS OFFERED             277

TABLE 338            NORWEGIAN ELECTRIC SYSTEMS: DEALS                 278

TABLE 339            NORWEGIAN ELECTRIC SYSTEMS: OTHERS                 278

TABLE 340            EVERLLENCE: COMPANY OVERVIEW      280

TABLE 341            EVERLLENCE: PRODUCTS OFFERED       280

TABLE 342            EVERLLENCE: PRODUCT LAUNCHES/DEVELOPMENTS    281

TABLE 343            EVERLLENCE: DEALS     281

TABLE 344            EVERLLENCE: OTHERS  282

TABLE 345            ECHANDIA AB: COMPANY OVERVIEW    283

TABLE 346            ECHANDIA AB: PRODUCTS OFFERED     283

TABLE 347            ECHANDIA AB: DEALS   284

TABLE 348            ECHANDIA AB: OTHERS                284

TABLE 349            ANGLO BELGIAN CORPORATION NV: COMPANY OVERVIEW   286

TABLE 350            ANGLO BELGIAN CORPORATION NV: PRODUCTS OFFERED    286

TABLE 351            ANGLO BELGIAN CORPORATION NV: DEALS                 287

TABLE 352            ANGLO BELGIAN CORPORATION NV: OTHERS                 288

TABLE 353            DANFOSS: COMPANY OVERVIEW              289

TABLE 354            DANFOSS: PRODUCTS OFFERED               289

TABLE 355            DANFOSS: DEALS             290

TABLE 356            DANFOSS: OTHERS         290

TABLE 357            FJELLSTRAND AS: COMPANY OVERVIEW                 292

TABLE 358            FJELLSTRAND AS: PRODUCTS OFFERED                 292

TABLE 359            FJELLSTRAND AS: PRODUCT LAUNCHES/DEVELOPMENTS    293

TABLE 360            FJELLSTRAND AS: OTHERS          293

TABLE 361            SØBY SHIPYARD: COMPANY OVERVIEW                 294

TABLE 362            SØBY SHIPYARD: PRODUCTS OFFERED 294

TABLE 363            MITSUBISHI SHIPBUILDING CO., LTD.: COMPANY OVERVIEW   295

TABLE 364            MITSUBISHI SHIPBUILDING CO., LTD.: PRODUCTS OFFERED    295

TABLE 365            DAMEN SHIPYARDS GROUP: COMPANY OVERVIEW          296

TABLE 366            DAMEN SHIPYARDS GROUP: PRODUCTS OFFERED             296

TABLE 367            DAMEN SHIPYARDS GROUP: PRODUCT LAUNCHES/DEVELOPMENTS    297

TABLE 368            DAMEN SHIPYARDS GROUP: DEALS        298

TABLE 369            DAMEN SHIPYARDS GROUP: OTHERS    298

TABLE 370            BALTIC WORKBOATS AS: COMPANY OVERVIEW                 300

TABLE 371            BALTIC WORKBOATS AS: PRODUCTS OFFERED                 300

TABLE 372            BALTIC WORKBOATS AS: DEALS               301

TABLE 373            BALTIC WORKBOATS AS: OTHERS            301

TABLE 374            COCHIN SHIPYARD LIMITED: COMPANY OVERVIEW          303

TABLE 375            COCHIN SHIPYARD LIMITED: PRODUCTS OFFERED             303

TABLE 376            COCHIN SHIPYARD LIMITED: PRODUCT LAUNCHES/DEVELOPMENTS    303

TABLE 377            COCHIN SHIPYARD LIMITED: DEALS      304

TABLE 378            COCHIN SHIPYARD LIMITED: OTHERS  304

TABLE 379            ECO MARINE POWER CO., LTD.: COMPANY OVERVIEW          306

TABLE 380            EST FLOATTECH: COMPANY OVERVIEW                 307

TABLE 381            SHIFT: COMPANY OVERVIEW     308

TABLE 382            INCAT CROWTHER: COMPANY OVERVIEW                 309

TABLE 383            INGETEAM, S.A.: COMPANY OVERVIEW 310

TABLE 384            VOITH TURBO MARINE: COMPANY OVERVIEW                 311

TABLE 385            YARA: COMPANY OVERVIEW      311

LIST OF FIGURES

FIGURE 1              ELECTRIC SHIP MARKET SEGMENTATION                 31

FIGURE 2              RESEARCH DESIGN MODEL         35

FIGURE 3              RESEARCH DESIGN         36

FIGURE 4              BOTTOM-UP APPROACH              41

FIGURE 5              TOP-DOWN APPROACH                42

FIGURE 6              DATA TRIANGULATION                43

FIGURE 7              COMMERCIAL TO BE LARGER THAN DEFENSE DURING FORECAST PERIOD       47

FIGURE 8              MANNED SEGMENT TO BE DOMINANT DURING FORECAST PERIOD         47

FIGURE 9              NEWBUILD & LINE FIT SEGMENT TO ACQUIRE HIGHER SHARE DURING FORECAST PERIOD      48

FIGURE 10            POWER DRIVE TO RECORD HIGHEST CAGR DURING FORECAST PERIOD       48

FIGURE 11            <500 DWT SEGMENT TO LEAD MARKET DURING FORECAST PERIOD       49

FIGURE 12            EUROPE TO EXHIBIT FASTEST GROWTH DURING FORECAST PERIOD       49

FIGURE 13            RISING ADOPTION OF ELECTRIC PROPULSION TO DRIVE MARKET         50

FIGURE 14            FULLY ELECTRIC TO HOLD HIGHER SHARE THAN HYBRID IN 2025    50

FIGURE 15            DIESEL & BATTERY-POWERED TO BE LARGEST SEGMENT DURING FORECAST PERIOD 51

FIGURE 16            PASSENGER VESSELS TO SURPASS OTHER SEGMENTS DURING FORECAST PERIOD               51

FIGURE 17            FERRIES TO SECURE LEADING POSITION DURING FORECAST PERIOD       52

FIGURE 18            ELECTRIC SHIP MARKET DYNAMICS       54

FIGURE 19            COMMON LITHIUM-ION BATTERIES      56

FIGURE 20            RELATIVE FEASIBILITY OF ENERGY STORAGE TECHNOLOGIES               58

FIGURE 21            TRENDS AND DISRUPTIONS IMPACTING CUSTOMER BUSINESS   60

FIGURE 22            ECOSYSTEM ANALYSIS  61

FIGURE 23            INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY SHIP TYPE                64

FIGURE 24            KEY BUYING CRITERIA, BY SHIP TYPE    65

FIGURE 25            IMPORT DATA FOR HS CODE 8901-COMPLIANT PRODUCTS, BY COUNTRY,

2020–2024 (USD THOUSAND)      72

FIGURE 26            EXPORT DATA FOR HS CODE 8901-COMPLIANT PRODUCTS, BY COUNTRY,

2020–2024 (USD THOUSAND)      73

FIGURE 27            PATENT ANALYSIS          75

FIGURE 28            AVERAGE SELLING PRICING TREND ELECTRIC SHIPS OFFERED BY KEY PLAYERS,  2021–2024 (USD MILLION)                 79

FIGURE 29           AVERAGE SELLING PRICING TREND, BY REGION, 2020–2024 (USD MILLION)            80

FIGURE 30            INVESTMENT AND FUNDING SCENARIO, 2020–2024        80

FIGURE 31            BUSINESS MODELS IN ELECTRIC SHIP MARKET                 81

FIGURE 32            TECHNOLOGY ROADMAP OF ELECTRIC SHIP MARKET               83

FIGURE 33            EVOLUTION OF ELECTRIC SHIP TECHNOLOGIES               84

FIGURE 34            AI IN MARINE INDUSTRY              84

FIGURE 35            ADOPTION OF AI IN MARINE INDUSTRY BY TOP COUNTRIES        85

FIGURE 36            IMPACT OF AI ON DIFFERENT MARINE VESSELS                 87

FIGURE 37            IMPACT OF AI ON ELECTRIC SHIP MARKET                 88

FIGURE 38            ELECTRIC SHIP MARKET, BY AUTONOMY, 2025–2032 (USD MILLION)       95

FIGURE 39            ELECTRIC SHIP MARKET, BY POINT OF SALE, 2025–2032 (USD MILLION)            99

FIGURE 40            ELECTRIC SHIP MARKET, BY POWER CAPACITY, 2025–2032 (USD MILLION)            105

FIGURE 41            ELECTRIC SHIP MARKET, BY RANGE, 2025–2032 (USD MILLION) 109

FIGURE 42            ELECTRIC SHIP MARKET, BY TONNAGE, 2025–2032 (USD MILLION)       113

FIGURE 43            ELECTRIC SHIP MARKET, BY SHIP TYPE, 2025–2032 (USD MILLION)       117

FIGURE 44            ELECTRIC SHIP MARKET, BY REGION, 2025–2032 (USD MILLION) 128

FIGURE 45            NORTH AMERICA: ELECTRIC SHIP MARKET SNAPSHOT          131

FIGURE 46            EUROPE: ELECTRIC SHIP MARKET SNAPSHOT                 141

FIGURE 47            ASIA PACIFIC: ELECTRIC SHIP MARKET SNAPSHOT          158

FIGURE 48            MIDDLE EAST: ELECTRIC SHIP MARKET SNAPSHOT          175

FIGURE 49            REST OF THE WORLD: ELECTRIC SHIP MARKET SNAPSHOT          190

FIGURE 50            MARKET SHARE ANALYSIS OF TOP FIVE PLAYERS, 2024   202

FIGURE 51            REVENUE ANALYSIS OF TOP FIVE PLAYERS, 2021–2024              204

FIGURE 52            BRAND/PRODUCT COMPARISON             205

FIGURE 53            FINANCIAL METRICS (EV/EBITDA)          206

FIGURE 54            COMPANY VALUATION (USD BILLION) 206

FIGURE 55            COMPANY EVALUATION MATRIX (KEY PLAYERS), 2025  207

FIGURE 56            COMPANY FOOTPRINT 208

FIGURE 57            COMPANY EVALUATION MATRIX (START-UPS/SMES), 2025                213

FIGURE 58            ABB: COMPANY SNAPSHOT        239

FIGURE 59            WÄRTSILÄ: COMPANY SNAPSHOT            244

FIGURE 60            GE VERNOVA: COMPANY SNAPSHOT     257

FIGURE 61            KONGSBERG: COMPANY SNAPSHOT      262

FIGURE 62            SIEMENS: COMPANY SNAPSHOT               269

FIGURE 63            BAE SYSTEMS: COMPANY SNAPSHOT     274