Market Overview

The Global Electric Ship Market was valued at USD 8,863.8 million in 2023 and is expected to reach USD 20,280.2 million by 2031 while growing at a CAGR of 10.9% during the forecast period (2024-2031).

 *Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Market Dynamics

This section of the report will analyze various driving and restraining factors that are expected to have a significant impact on the global electric ship market growth. An electric ship relies on electric power for propulsion and operational systems, using electric propulsion systems instead of traditional internal combustion engines typically fueled by fossil fuels. The electric power for these ships can be generated using various methods.

Increasing environmental regulations, sustainability goals, and ongoing advancements in battery technology—especially in energy density, safety, and cost—drive the growth of the electric ship market. However, obstacles like high initial costs and concerns about range and endurance may hinder market expansion.

Furthermore, the global electric ship industry will be analyzed through various tools including PESTLE analysis, and Porter’s analysis.

Segmentation – By Power Output Analysis

The Global Electric Ship Market is segmented among <75 kW, 75 kW–745kW, 746 kW–7,560 kW, and >7,560 kW, based on Power Output. In 2023, 75 kW–745kW accounted for the majority of the market share*.

 *Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Segmentation – By Power Source Analysis

The Global Electric Ship Market is segmented among Fully Electric, and Hybrid, based on Power Source. In 2023, Hybrid accounted for the majority of the market share*.

 *Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Global Electric Ship Market: Regional Analysis

Based on region, the market is divided into six regions including North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. In 2023, Europe dominated the market with the highest market share, while Asia Pacific is expected to grow with the highest CAGR during the forecast period (2024 – 2031).

 *Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Competitive Landscape

Some of the key players operating in the market are Boesch Motorboote AG, Bureau Veritas, Canadian Electric Boat Company, Corvus Energy, Yara, Duffy Electric Boat Company., General Dynamics Electric Boat, KONGSBERG, Electrovaya, TRITON, VARD AS, and Baltic Workboats AS.

Table of Contents:

1. Research Methodology and Market Scope

• Research Methodology

• Market Scope

2. Executive Summary

3. Global Electric Ship Market Dynamics

• Drivers

• Restraints

• Opportunity

4. Global Electric Ship Industry Analysis

• PEST Analysis

• Porter's Five Force Analysis

• Recent Deals Analysis

5. Global Electric Ship Market Segmentation, By Power Output

• Global Electric Ship Market Share Analysis, By Power Output

• Global Electric Ship Market Growth Analysis, By Power Output

• Global Electric Ship Market Trends, By Power Output

o <75 kW

o 75 kW–745kW

o 746 kW–7,560 kW

o >7,560 kW

6. Global Electric Ship Market Segmentation, By Power Source

• Global Electric Ship Market Share Analysis, By Power Source

• Global Electric Ship Market Growth Analysis, By Power Source

• Global Electric Ship Market Trends, By Power Source

o Fully Electric

o Hybrid

7. Global Electric Ship Market Segmentation, By Type

• Global Electric Ship Market Share Analysis, By Type

• Global Electric Ship Market Growth Analysis, By Type

• Global Electric Ship Market Trends, By Type

o Semi-Autonomous

o Fully Autonomous

8. Global Electric Ship Market Segmentation, By Vessel Type

• Global Electric Ship Market Share Analysis, By Vessel Type

• Global Electric Ship Market Growth Analysis, By Vessel Type

• Global Electric Ship Market Trends, By Vessel Type

o Commercial vessel

o Defense vessel

o Special vessel

9. Global Electric Ship Market Segmentation, By Region

• Global Electric Ship Market Share Analysis, By Region

• Global Electric Ship Market Growth Analysis, By Region

• Global Electric Ship Market Trends, By Region

o North America

o Europe

o Asia Pacific

o Latin America

o Middle East

o Africa

10. Competitive Landscape

• Boesch Motorboote AG*

o Company Overview

o Financial Performance

o Key Development/Strategies

o SWOT Analysis

• Bureau Veritas

• Canadian Electric Boat Company

• Corvus Energy

• Yara

• Duffy Electric Boat Company.

• General Dynamics Electric Boat

• KONGSBERG, Electrovaya

• TRITON

• VARD AS

• Baltic Workboats AS.

*Similar analysis will be provided for each company listed above.