North America Electric Ship Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Battery Electric ships, Plug-In Hybrid Electric ships, and Hybrid Electric Ships), Power (Less than 75 Kw, 75 - 150 Kw, 151 - 745 Kw, 746 - 7560 Kw, and More than 7560 Kw), Range (Less than 50 Km, 50 - 100 Km, 101 - 1000 Km, and More than 1000 Km), and Ship Type (Cruise Ships, Ferries, Tankers, Bulk Carriers, Fishing Vessels, Destroyers, Aircraft Carriers, and Others)
The North America electric ship market is expected to grow from US$ 1054.16 million in 2021 to US$ 2272.17 million by 2028; it is estimated to grow at a CAGR of 11.6% from 2021 to 2028.
Retrofitting ships are gaining interest and attracting shipowners/shipbuilders to extend the lifetime of their existing ships. Such a process provides a chance to reduce fuel consumption and stay up to date with the latest eco-friendly solutions as a cost-effective procedure. Retrofitting is becoming a common practice in the maritime industry. Further, shipbuilders are moving toward automation, integrating new build ships, and retrofitting existing ships with hybrid and electric propulsion systems. A hybrid-electric propulsion system is a convenient choice for retrofitting outdated ships. Ships have a large retrofit potential, including ferries, container vessels, cruise ships, tugboats, and general cargo ships. Shipbuilders choose to retrofit ships with a hybrid-electric propulsion system or a fully electric propulsion system as it is a relatively cheaper option than purchasing a new ship. These factors mentioned above have resulted in the adoption of hybrid and electric propulsion systems for retrofitting ships.
North America Electric Ship Market Revenue and Forecast to 2028 (US$ Million)
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North America Electric Ship Market Segmentation
The North America electric ship market is segmented based on type, power, range, ship type and country. Based on type, the North America electric ship market is segmented into battery electric ships, plug-in hybrid electric ships, and hybrid electric ships. The hybrid electric ships segment dominated the North America electric ship market in 2020. Based on power, the North America electric ship market is segmented into less than 75 Kw, 75 - 150 Kw, 151 - 745 Kw, 746 - 7560 Kw, and more than 7560 Kw. The 746 - 7560 Kw segment dominated the North America electric ship market in 2020. Based on range, North America electric ship market is segmented into Less than 50 Km, 50 - 100 Km, 101 - 1000 Km, and more than 1000 Km. The 50 - 100 Km segment dominated the North America electric ship market in 2020. Based on ship type, North America electric ship market is segmented into cruise ships, ferries, tankers, bulk carriers, fishing vessels, destroyers, aircraft carriers, and others. The others segment dominated the North America electric ship market in 2020. Based on country, the North America electric ship market is segmented into the US, Canada, and Mexico. The US segment dominated the North America electric ship market in 2020.
BAE System; Duffy Electric Boat Company; General Dynamic Electric Boat; MAN Energy Solution; Siemens Energy; and Vard AS are among the leading companies in the North America electric ship market.
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. North America Electric Ship Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America - PEST Analysis
4.3 cosystem Analysis
4.4 Expert Opinions
5. North America Electric Ship Market – Key Industry Dynamics
5.1 Market Drivers
5.1.1 Rise in Adoption of Hybrid and Electric Propulsion Systems for Retrofitting Ships
5.1.2 Increasing Regulatory Support from Government Authorities and Industry Associations
5.2 Market Restraints
5.2.1 Limited Range and Capacity of Fully Electric Ships
5.3 Market Opportunities
5.3.1 Suge in the adoption of Hybrid-Electric Propulsion Technology for Large Ships
5.4 Future Trends
5.4.1 Technological Advancements in Energy Storage Devices
5.5 Impact Analysis of Drivers and Restraints
6. Electric Ship Market – North America Analysis
6.1 North America Electric Ship Market Forecast and Analysis
7. North America Electric Ships Market Analysis and Forecast to 2028 – By Type
7.1 North America Electric Ships Market Revenue Share, by Type (2020 and 2028)
7.2 Battery Electric Ships
7.2.1 Overview
7.2.2 Battery Electric Ships: Electric Ships Market – Revenue and Forecast to 2028 (US$ Million)
7.3 Plug-in Electric Ships
7.3.1 Overview
7.3.2 Plug-in Electric Ships: Electric Ships Market – Revenue and Forecast to 2028 (US$ Million)
7.4 Hybrid Electric Ships
7.4.1 Overview
7.4.2 Hybrid Electric Ships: Electric Ships Market – Revenue and Forecast to 2028 (US$ Million)
8. North America Electric Ships Market Analysis and Forecast to 2028 – By Power
8.1 North America Electric Ships Market Revenue Share, by Power (2020 and 2028)
8.2 Less than 75kW
8.2.1 Overview
8.2.2 Less than 75kW: Electric Ships Market – Revenue and Forecast to 2028 (US$ Million)
8.3kW-150kW
8.3.1 Overview
8.3.2kW-150kW: Electric Ships Market – Revenue and Forecast to 2028 (US$ Million)
8.4kW-745kW
8.4.1 Overview
8.4.2kW-745kW: Electric Ships Market – Revenue and Forecast to 2028 (US$ Million)
8.5kW-7560kW
8.5.1 Overview
8.5.2kW-7560kW: Electric Ships Market – Revenue and Forecast to 2028 (US$ Million)
8.6 More than 7560kW
8.6.1 Overview
8.6.2 More than 7560kW: Electric Ships Market – Revenue and Forecast to 2028 (US$ Million)
9. North America Electric Ships Market Analysis and Forecast to 2028 – By Range
9.1 North America Electric Ships Market Revenue Share, by Range (2020 and 2028)
9.2 Less than 50 Km
9.2.1 Overview
9.2.2 Less than 50 km: Electric Ships Market – Revenue and Forecast to 2028 (US$ Million)
9.3-100 Km
9.3.1 Overview
9.3.2-100 Km: Electric Ships Market – Revenue and Forecast to 2028 (US$ Million)
9.4 -1000 Km
9.4.1 Overview
9.4.2-1001 Km: Electric Ships Market – Revenue and Forecast to 2028 (US$ Million)
9.5 More than 1000 Km
9.5.1 Overview
9.5.2 More than 1000 Km: Electric Ships Market – Revenue and Forecast to 2028 (US$ Million)
10. North America Electric Ships Market Analysis and Forecast to 2028 – By Ship Type
10.1 North America Electric Ships Market Revenue Share, by Ship Type (2020 and 2028)
10.2 Cruise Ships
10.2.1 Overview
10.2.2 Cruise Ships: Electric Ships Market – Revenue and Forecast to 2028 (US$ Million)
10.3 Ferries
10.3.1 Overview
10.3.2 Ferries: Electric Ships Market – Revenue and Forecast to 2028 (US$ Million)
10.4 Tankers
10.4.1 Overview
10.4.2 Tankers: Electric Ships Market – Revenue and Forecast to 2028 (US$ Million)
10.5 Bulk Carriers
10.5.1 Overview
10.5.2 Bulk Carriers: Electric Ships Market – Revenue and Forecast to 2028 (US$ Million)
10.6 Fishing Vessels
10.6.1 Overview
10.6.2 Fishing Vessels: Electric Ships Market – Revenue and Forecast to 2028 (US$ Million)
10.7 Destroyers
10.7.1 Overview
10.7.2 Destroyers: Electric Ships Market – Revenue and Forecast to 2028 (US$ Million)
10.8 Aircraft Carriers
10.8.1 Overview
10.8.2 Aircraft Carriers: Electric Ships Market – Revenue and Forecast to 2028 (US$ Million)
10.9 Others
10.9.1 Overview
10.9.2 Others: Electric Ships Market – Revenue and Forecast to 2028 (US$ Million)
11. North America Electric Ship Market – Country Analysis
11.1 North America: Electric Ship Market
11.1.1 Overview
11.1.2 North America Electric Ship Market Breakdown, by Country
11.1.2.1 US Electric Ship Market, Revenue and Forecast to 2028
11.1.2.1.1 US Electric Ship Market Breakdown, by Type
11.1.2.1.2 US Electric Ship Market Breakdown, by Power
11.1.2.1.3 US Electric Ship Market Breakdown, by Range
11.1.2.1.4 US Electric Ship Market Breakdown, by Ship Type
11.1.2.2 Canada Electric Ship Market, Revenue and Forecast to 2028
11.1.2.2.1 Canada Electric Ship Market Breakdown, by Type
11.1.2.2.2 Canada Electric Ship Market Breakdown, by Power
11.1.2.2.3 Canada Electric Ship Market Breakdown, by Range
11.1.2.2.4 Canada Electric Ship Market Breakdown, by Ship Type
12. Industry Landscape
12.1 Overview
12.2 Agreements, Collaborations and Joint Ventures
12.3 New Product Launches
12.4 EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
13. Company Profiles
13.1 BAE Systems
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Duffy Electric Boat Company
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 General Dynamic Electric Boat
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 MAN Energy Solutions
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Siemens Energy
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 VARD AS
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
14. Appendix
14.1 About The Insight Partners
14.2 Glossary of Terms
LIST OF TABLES
Table 1. North America Electric Ship Market Revenue and Forecasts to 2027 (US$ Million)
Table 2. North America Electric Ship Market, Revenue and Forecast To 2028 – By Country (US$ million)
Table 3. US Electric Ship Market, Revenue and Forecast to 2028 – By Type (US$ million)
Table 4. US Electric Ship Market, Revenue and Forecast to 2028 – By Power (US$ million)
Table 5. US Electric Ship Market, Revenue and Forecast to 2028 – By Range (US$ million)
Table 6. US Electric Ship Market, Revenue and Forecast to 2028 – By Ship Type (US$ million)
Table 7. Canada Electric Ship Market, Revenue and Forecast to 2028 – By Type (US$ million)
Table 8. Canada Electric Ship Market, Revenue and Forecast to 2028 – By Power (US$ million)
Table 9. Canada Electric Ship Market, Revenue and Forecast to 2028 – By Range (US$ million)
Table 10. Canada Electric Ship Market, Revenue and Forecast to 2028 – By Ship Type (US$ million)
Table 11. Glossary of Term: ELECTRIC SHIP Market
LIST OF FIGURES
Figure 1. North America Electric Ship Market Segmentation
Figure 2. North America Electric Ship Market Segmentation – By Country
Figure 3. North America Electric Ship Market Overview
Figure 4. Hybrid Electric Ships Segment Held the Largest Market Share in 2020
Figure 5. North America 746 - 7560 Kw Held the Largest Market Share in 2020
Figure 6. North America 50 M- 100 Km Held the Largest Market Share in 2020
Figure 7. Others Held the Largest Market Share in 2020
Figure 8. Canada was the Largest Revenue Contributor in 2020
Figure 9. North America - PEST Analysis
Figure 10. Electric Ship Market – Ecosystem Analysis
Figure 11. Electric Ship Market: Impact Analysis of Drivers and Restraints
Figure 12. North America Electric Ship Market Forecast and Analysis to 2028, US$ Million
Figure 13. North America Electric Ships Market Revenue Share, by Type (2020 and 2028)
Figure 14. North America Battery Electric Ships: Electric Ships Market – Revenue and Forecast to 2028 (US$ Million)
Figure 15. North America Plug-in Electric Ships: Electric Ships Market – Revenue and Forecast to 2028 (US$ Million)
Figure 16. North America Hybrid Electric Ships: Electric Ships Market – Revenue and Forecast to 2028 (US$ Million)
Figure 17. North America Electric Ships Market Revenue Share, by Power (2020 and 2028)
Figure 18. North America Less than 75kW: Electric Ships Market – Revenue and Forecast to 2028 (US$ Million)
Figure 19. North America 75kW-150kW: Electric Ships Market – Revenue and Forecast to 2028 (US$ Million)
Figure 20. North America 151kW-745kW: Electric Ships Market – Revenue and Forecast to 2028 (US$ Million)
Figure 21. North America 746kW-7560kW: Electric Ships Market – Revenue and Forecast to 2028 (US$ Million)
Figure 22. North America More than 7560kW: Electric Ships Market – Revenue and Forecast to 2028 (US$ Million)
Figure 23. North America Electric Ships Market Revenue Share, by Range (2020 and 2028)
Figure 24. North America Less than 50 Km: Electric Ships Market – Revenue and Forecast to 2028 (US$ Million)
Figure 25. North America 50-100 Km: Electric Ships Market – Revenue and Forecast to 2028 (US$ Million)
Figure 26. North America 100-1001 Km: Electric Ships Market – Revenue and Forecast to 2028 (US$ Million)
Figure 27. North America More than 1000 Km: Electric Ships Market – Revenue and Forecast to 2028 (US$ Million)
Figure 28. North America Electric Ships Market Revenue Share, by Ship Type (2020 and 2028)
Figure 29. North America Cruise Ships: Electric Ships Market – Revenue and Forecast to 2028 (US$ Million)
Figure 30. North America Ferries: Electric Ships Market – Revenue and Forecast to 2028 (US$ Million)
Figure 31. North America Tankers: Electric Ships Market – Revenue and Forecast to 2028 (US$ Million)
Figure 32. North America Bulk Carriers: Electric Ships Market – Revenue and Forecast to 2028 (US$ Million)
Figure 33. North America Fishing Vessels: Electric Ships Market – Revenue and Forecast to 2028 (US$ Million)
Figure 34. North America Destroyers: Electric Ships Market – Revenue and Forecast to 2028 (US$ Million)
Figure 35. North America Aircraft Carriers: Electric Ships Market – Revenue and Forecast to 2028 (US$ Million)
Figure 36. North America Others: Electric Ships Market – Revenue and Forecast to 2028 (US$ Million)
Figure 37. North America: Electric Ship Market, by key Country – Revenue(2020) (US$ Million)
Figure 38. North America Electric Ship Market Breakdown, by Country, 2020 & 2028 (%)
Figure 39. US Electric Ship Market, Revenue and Forecast to 2028 (US$ million)
Figure 40. Canada Electric Ship Market, Revenue and Forecast to 2028 (US$ million)
- BAE System
- Duffy Electric Boat Company
- General Dynamic Electric Boat
- MAN Energy Solution
- Siemens Energy
- Vard AS
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the North America electric ship market.
- Highlights key business priorities in order to assist companies to realign their business strategies
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- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth North America market trends and outlook coupled with the factors driving the North America electric ship market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution