Electrical SystemShips market

Electrical System in Ships Market, Global Outlook and Forecast 2023-2029

  • 29 March 2023
  • Manufacturing & Construction
  • 69 Pages
  • Report code : PMR-7620299

  • 4.7 (158)

Electrical SystemShips Market

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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.

Electrical SystemShips Market 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. Electrical SystemShips Market 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.

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