Report overview
The electrical onboard ships can be divided into several specific systems: Power Conversion Equipment, Onboard Power Distribution, Electrical Propulsion System, Complete Onboard Electrical Systems. All the electrical equipment onboard ships are similar to land however, they are upgraded to withstand the rigorous atmosphere of the sea and moving ship to withstand humid surroundings, high temperatures, salty and corrosive atmosphere, vibration, etc.
This report aims to provide a comprehensive presentation of the global market for Electrical System in Ships, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Electrical System in Ships. This report contains market size and forecasts of Electrical System in Ships in global, including the following market information:
Global Electrical System in Ships Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global top five companies in 2022 (%)
The global Electrical System in Ships market was valued at US$ 7757.3 million in 2022 and is projected to reach US$ 13700 million by 2029, at a CAGR of 8.5% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
Global key players of electrical system in ships include Wartsila, ABB, Siemens, GE, Rolls-Royce, etc. The top five players hold a share over 55%. Asia-Pacific is the largest market, has a share about 78%, followed by Europe and North America, with share 11% and 8%, separately. In terms of product type, Complete Onboard Electrical Systems is the largest segment, occupied for a share of 49%, and in terms of application, Bulk Carrier has a share about 28 percent.
We surveyed the Electrical System in Ships companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Electrical System in Ships Market, by Type, 2018-2023, 2024-2029 ($ millions)
Global Electrical System in Ships Market Segment Percentages, by Type, 2022 (%)
Complete Onboard Electrical Systems
Onboard Power Distribution
Electrical Propulsion System
Power Conversion Equipment
Global Electrical System in Ships Market, by Application, 2018-2023, 2024-2029 ($ millions)
Global Electrical System in Ships Market Segment Percentages, by Application, 2022 (%)
Bulk Carrier
Container Ship
Oil Tanker
Ferry
Cruise Ship
Offshore Vessel
Chemical Tanker
Military Vessel
AUV
Others
Global Electrical System in Ships Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions)
Global Electrical System in Ships Market Segment Percentages, By Region and Country, 2022 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Electrical System in Ships revenues in global market, 2018-2023 (estimated), ($ millions)
Key companies Electrical System in Ships revenues share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
Wartsila
ABB
Siemens
GE
Rolls-Royce
Daihatsu Diesel Mfg
MAN Energy Solutions
Yanmar
Leonardo DRS
Ingeteam Marine
Outline of Major Chapters:
Chapter 1: Introduces the definition of Electrical System in Ships, market overview.
Chapter 2: Global Electrical System in Ships market size in revenue.
Chapter 3: Detailed analysis of Electrical System in Ships company competitive landscape, revenue and market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Electrical System in Ships in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: The main points and conclusions of the report.
