Report Detail
Global Ship Electric Propulsion System Market 2026 by Manufacturers, Regions, Type and Application, Forecast to 2032
- RnM4671909 |
- 10 February, 2026 |
- Global |
- 110 Pages |
- GIR |
- Machinery & Equipment
According to our (Global Info Research) latest study, the global Ship Electric Propulsion System market size was valued at US$ 1224 million in 2025 and is forecast to a readjusted size of US$ 1767 million by 2032 with a CAGR of 5.4% during review period.
In 2025, global ship electric propulsion system production reached approximately 1252 units, the average price is 950 k usd/unit. A ship electric propulsion system is a power system that uses an electric motor to drive a propeller or other propeller to propel a ship. The core difference between it and the traditional mechanical propulsion system is that the power transmission mode has changed from a direct mechanical connection to an electric drive mode of "generation-transmission-electricity".
Market Concentration and Key Players:
Internationally, the market concentration of ship electric propulsion system is relatively high, mainly concentrated in developed countries such as Europe, America and Japan. For example, Hitachi and SITAEL are large manufacturers; from the domestic point of view, there is still a lot of room for development of ship electric propulsion system.
Manufacturing Processes and Market Trends:
The core of the manufacturing process of the ship electric propulsion system lies in the high integration of power generation, power distribution, electric propulsion and intelligent control. The basis is the prime mover or clean energy generation, which is distributed through the integrated electric power system. The key links include the manufacture of high-power permanent magnet synchronous propulsion motors, the integration of variable frequency speed regulation devices adapted to different energy inputs, and the high-precision assembly of pod thrusters or rim propulsion devices. Modern technology also deeply integrates power management systems and intelligent control algorithms to achieve optimal scheduling of ship energy.
In terms of market trends, the global and China ship electric propulsion system markets are experiencing strong growth, driven by tightening global green shipping rules and green policies for inland ships, such as China's plan to increase the construction rate of inland green ships to 80% by 2025. In the future, the technology will develop towards a wider range of energy diversification. Clean fuels such as ammonia and hydrogen will be deeply integrated with traditional power and battery energy storage. The system architecture tends to higher voltage level to improve efficiency. Meanwhile, intelligent and modular design is the key path to realize efficient operation and maintenance of the system and reduce costs. On the supply chain, the localization process of core components such as high-power permanent magnet motor and silicon carbide electronic control is accelerating.
This report is a detailed and comprehensive analysis for global Ship Electric Propulsion System market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Drive and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.
Key Features:
Global Ship Electric Propulsion System market size and forecasts, in consumption value ($ Million), sales quantity (Units), and average selling prices (K US$/Unit), 2021-2032
Global Ship Electric Propulsion System market size and forecasts by region and country, in consumption value ($ Million), sales quantity (Units), and average selling prices (K US$/Unit), 2021-2032
Global Ship Electric Propulsion System market size and forecasts, by Drive and by Application, in consumption value ($ Million), sales quantity (Units), and average selling prices (K US$/Unit), 2021-2032
Global Ship Electric Propulsion System market shares of main players, shipments in revenue ($ Million), sales quantity (Units), and ASP (K US$/Unit), 2021-2026
The Primary Objectives in This Report Are:
To determine the size of the total market opportunity of global and key countries
To assess the growth potential for Ship Electric Propulsion System
To forecast future growth in each product and end-use market
To assess competitive factors affecting the marketplace
This report profiles key players in the global Ship Electric Propulsion System market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Wartsila, Yanmar, Nidec, Leonardo DRS, Siemens Energy, GE, Vetus, Oceanvolt, Volvo Penta, e-Motion, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
Market Segmentation
Ship Electric Propulsion System market is split by Drive and by Application. For the period 2021-2032, the growth among segments provides accurate calculations and forecasts for consumption value by Drive, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.
Market segment by Drive
Hybrid
Pure Electric
Market segment by Propulsion
Shafting Motor Propulsion
Podded Propulsion
Rim-Driven Propulsion
Electric Waterjet Propulsion
Market segment by Electricity
AC
DC
Market segment by Application
Military
Civil
Major players covered
Wartsila
Yanmar
Nidec
Leonardo DRS
Siemens Energy
GE
Vetus
Oceanvolt
Volvo Penta
e-Motion
Rolls-Royce
L3 Technologies
Market segment by region, regional analysis covers
North America (United States, Canada, and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Ship Electric Propulsion System product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Ship Electric Propulsion System, with price, sales quantity, revenue, and global market share of Ship Electric Propulsion System from 2021 to 2026.
Chapter 3, the Ship Electric Propulsion System competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Ship Electric Propulsion System breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2021 to 2032.
Chapter 5 and 6, to segment the sales by Drive and by Application, with sales market share and growth rate by Drive, by Application, from 2021 to 2032.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2021 to 2026.and Ship Electric Propulsion System market forecast, by regions, by Drive, and by Application, with sales and revenue, from 2027 to 2032.
Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.
Chapter 13, the key raw materials and key suppliers, and industry chain of Ship Electric Propulsion System.
Chapter 14 and 15, to describe Ship Electric Propulsion System sales channel, distributors, customers, research findings and conclusion.
1 Market Overview
- 1.1 Product Overview and Scope
- 1.2 Market Estimation Caveats and Base Year
- 1.3 Market Analysis by Drive
- 1.3.1 Overview: Global Ship Electric Propulsion System Consumption Value by Drive: 2021 Versus 2025 Versus 2032
- 1.3.2 Hybrid
- 1.3.3 Pure Electric
- 1.4 Market Analysis by Propulsion
- 1.4.1 Overview: Global Ship Electric Propulsion System Consumption Value by Propulsion: 2021 Versus 2025 Versus 2032
- 1.4.2 Shafting Motor Propulsion
- 1.4.3 Podded Propulsion
- 1.4.4 Rim-Driven Propulsion
- 1.4.5 Electric Waterjet Propulsion
- 1.5 Market Analysis by Electricity
- 1.5.1 Overview: Global Ship Electric Propulsion System Consumption Value by Electricity: 2021 Versus 2025 Versus 2032
- 1.5.2 AC
- 1.5.3 DC
- 1.6 Market Analysis by Application
- 1.6.1 Overview: Global Ship Electric Propulsion System Consumption Value by Application: 2021 Versus 2025 Versus 2032
- 1.6.2 Military
- 1.6.3 Civil
- 1.7 Global Ship Electric Propulsion System Market Size & Forecast
- 1.7.1 Global Ship Electric Propulsion System Consumption Value (2021 & 2025 & 2032)
- 1.7.2 Global Ship Electric Propulsion System Sales Quantity (2021-2032)
- 1.7.3 Global Ship Electric Propulsion System Average Price (2021-2032)
2 Manufacturers Profiles
- 2.1 Wartsila
- 2.1.1 Wartsila Details
- 2.1.2 Wartsila Major Business
- 2.1.3 Wartsila Ship Electric Propulsion System Product and Services
- 2.1.4 Wartsila Ship Electric Propulsion System Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
- 2.1.5 Wartsila Recent Developments/Updates
- 2.2 Yanmar
- 2.2.1 Yanmar Details
- 2.2.2 Yanmar Major Business
- 2.2.3 Yanmar Ship Electric Propulsion System Product and Services
- 2.2.4 Yanmar Ship Electric Propulsion System Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
- 2.2.5 Yanmar Recent Developments/Updates
- 2.3 Nidec
- 2.3.1 Nidec Details
- 2.3.2 Nidec Major Business
- 2.3.3 Nidec Ship Electric Propulsion System Product and Services
- 2.3.4 Nidec Ship Electric Propulsion System Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
- 2.3.5 Nidec Recent Developments/Updates
- 2.4 Leonardo DRS
- 2.4.1 Leonardo DRS Details
- 2.4.2 Leonardo DRS Major Business
- 2.4.3 Leonardo DRS Ship Electric Propulsion System Product and Services
- 2.4.4 Leonardo DRS Ship Electric Propulsion System Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
- 2.4.5 Leonardo DRS Recent Developments/Updates
- 2.5 Siemens Energy
- 2.5.1 Siemens Energy Details
- 2.5.2 Siemens Energy Major Business
- 2.5.3 Siemens Energy Ship Electric Propulsion System Product and Services
- 2.5.4 Siemens Energy Ship Electric Propulsion System Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
- 2.5.5 Siemens Energy Recent Developments/Updates
- 2.6 GE
- 2.6.1 GE Details
- 2.6.2 GE Major Business
- 2.6.3 GE Ship Electric Propulsion System Product and Services
- 2.6.4 GE Ship Electric Propulsion System Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
- 2.6.5 GE Recent Developments/Updates
- 2.7 Vetus
- 2.7.1 Vetus Details
- 2.7.2 Vetus Major Business
- 2.7.3 Vetus Ship Electric Propulsion System Product and Services
- 2.7.4 Vetus Ship Electric Propulsion System Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
- 2.7.5 Vetus Recent Developments/Updates
- 2.8 Oceanvolt
- 2.8.1 Oceanvolt Details
- 2.8.2 Oceanvolt Major Business
- 2.8.3 Oceanvolt Ship Electric Propulsion System Product and Services
- 2.8.4 Oceanvolt Ship Electric Propulsion System Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
- 2.8.5 Oceanvolt Recent Developments/Updates
- 2.9 Volvo Penta
- 2.9.1 Volvo Penta Details
- 2.9.2 Volvo Penta Major Business
- 2.9.3 Volvo Penta Ship Electric Propulsion System Product and Services
- 2.9.4 Volvo Penta Ship Electric Propulsion System Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
- 2.9.5 Volvo Penta Recent Developments/Updates
- 2.10 e-Motion
- 2.10.1 e-Motion Details
- 2.10.2 e-Motion Major Business
- 2.10.3 e-Motion Ship Electric Propulsion System Product and Services
- 2.10.4 e-Motion Ship Electric Propulsion System Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
- 2.10.5 e-Motion Recent Developments/Updates
- 2.11 Rolls-Royce
- 2.11.1 Rolls-Royce Details
- 2.11.2 Rolls-Royce Major Business
- 2.11.3 Rolls-Royce Ship Electric Propulsion System Product and Services
- 2.11.4 Rolls-Royce Ship Electric Propulsion System Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
- 2.11.5 Rolls-Royce Recent Developments/Updates
- 2.12 L3 Technologies
- 2.12.1 L3 Technologies Details
- 2.12.2 L3 Technologies Major Business
- 2.12.3 L3 Technologies Ship Electric Propulsion System Product and Services
- 2.12.4 L3 Technologies Ship Electric Propulsion System Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
- 2.12.5 L3 Technologies Recent Developments/Updates
3 Competitive Environment: Ship Electric Propulsion System by Manufacturer
- 3.1 Global Ship Electric Propulsion System Sales Quantity by Manufacturer (2021-2026)
- 3.2 Global Ship Electric Propulsion System Revenue by Manufacturer (2021-2026)
- 3.3 Global Ship Electric Propulsion System Average Price by Manufacturer (2021-2026)
- 3.4 Market Share Analysis (2025)
- 3.4.1 Producer Shipments of Ship Electric Propulsion System by Manufacturer Revenue ($MM) and Market Share (%): 2025
- 3.4.2 Top 3 Ship Electric Propulsion System Manufacturer Market Share in 2025
- 3.4.3 Top 6 Ship Electric Propulsion System Manufacturer Market Share in 2025
- 3.5 Ship Electric Propulsion System Market: Overall Company Footprint Analysis
- 3.5.1 Ship Electric Propulsion System Market: Region Footprint
- 3.5.2 Ship Electric Propulsion System Market: Company Product Type Footprint
- 3.5.3 Ship Electric Propulsion System Market: Company Product Application Footprint
- 3.6 New Market Entrants and Barriers to Market Entry
- 3.7 Mergers, Acquisition, Agreements, and Collaborations
4 Consumption Analysis by Region
- 4.1 Global Ship Electric Propulsion System Market Size by Region
- 4.1.1 Global Ship Electric Propulsion System Sales Quantity by Region (2021-2032)
- 4.1.2 Global Ship Electric Propulsion System Consumption Value by Region (2021-2032)
- 4.1.3 Global Ship Electric Propulsion System Average Price by Region (2021-2032)
- 4.2 North America Ship Electric Propulsion System Consumption Value (2021-2032)
- 4.3 Europe Ship Electric Propulsion System Consumption Value (2021-2032)
- 4.4 Asia-Pacific Ship Electric Propulsion System Consumption Value (2021-2032)
- 4.5 South America Ship Electric Propulsion System Consumption Value (2021-2032)
- 4.6 Middle East & Africa Ship Electric Propulsion System Consumption Value (2021-2032)
5 Market Segment by Drive
- 5.1 Global Ship Electric Propulsion System Sales Quantity by Drive (2021-2032)
- 5.2 Global Ship Electric Propulsion System Consumption Value by Drive (2021-2032)
- 5.3 Global Ship Electric Propulsion System Average Price by Drive (2021-2032)
6 Market Segment by Application
- 6.1 Global Ship Electric Propulsion System Sales Quantity by Application (2021-2032)
- 6.2 Global Ship Electric Propulsion System Consumption Value by Application (2021-2032)
- 6.3 Global Ship Electric Propulsion System Average Price by Application (2021-2032)
7 North America
- 7.1 North America Ship Electric Propulsion System Sales Quantity by Drive (2021-2032)
- 7.2 North America Ship Electric Propulsion System Sales Quantity by Application (2021-2032)
- 7.3 North America Ship Electric Propulsion System Market Size by Country
- 7.3.1 North America Ship Electric Propulsion System Sales Quantity by Country (2021-2032)
- 7.3.2 North America Ship Electric Propulsion System Consumption Value by Country (2021-2032)
- 7.3.3 United States Market Size and Forecast (2021-2032)
- 7.3.4 Canada Market Size and Forecast (2021-2032)
- 7.3.5 Mexico Market Size and Forecast (2021-2032)
8 Europe
- 8.1 Europe Ship Electric Propulsion System Sales Quantity by Drive (2021-2032)
- 8.2 Europe Ship Electric Propulsion System Sales Quantity by Application (2021-2032)
- 8.3 Europe Ship Electric Propulsion System Market Size by Country
- 8.3.1 Europe Ship Electric Propulsion System Sales Quantity by Country (2021-2032)
- 8.3.2 Europe Ship Electric Propulsion System Consumption Value by Country (2021-2032)
- 8.3.3 Germany Market Size and Forecast (2021-2032)
- 8.3.4 France Market Size and Forecast (2021-2032)
- 8.3.5 United Kingdom Market Size and Forecast (2021-2032)
- 8.3.6 Russia Market Size and Forecast (2021-2032)
- 8.3.7 Italy Market Size and Forecast (2021-2032)
9 Asia-Pacific
- 9.1 Asia-Pacific Ship Electric Propulsion System Sales Quantity by Drive (2021-2032)
- 9.2 Asia-Pacific Ship Electric Propulsion System Sales Quantity by Application (2021-2032)
- 9.3 Asia-Pacific Ship Electric Propulsion System Market Size by Region
- 9.3.1 Asia-Pacific Ship Electric Propulsion System Sales Quantity by Region (2021-2032)
- 9.3.2 Asia-Pacific Ship Electric Propulsion System Consumption Value by Region (2021-2032)
- 9.3.3 China Market Size and Forecast (2021-2032)
- 9.3.4 Japan Market Size and Forecast (2021-2032)
- 9.3.5 South Korea Market Size and Forecast (2021-2032)
- 9.3.6 India Market Size and Forecast (2021-2032)
- 9.3.7 Southeast Asia Market Size and Forecast (2021-2032)
- 9.3.8 Australia Market Size and Forecast (2021-2032)
10 South America
- 10.1 South America Ship Electric Propulsion System Sales Quantity by Drive (2021-2032)
- 10.2 South America Ship Electric Propulsion System Sales Quantity by Application (2021-2032)
- 10.3 South America Ship Electric Propulsion System Market Size by Country
- 10.3.1 South America Ship Electric Propulsion System Sales Quantity by Country (2021-2032)
- 10.3.2 South America Ship Electric Propulsion System Consumption Value by Country (2021-2032)
- 10.3.3 Brazil Market Size and Forecast (2021-2032)
- 10.3.4 Argentina Market Size and Forecast (2021-2032)
11 Middle East & Africa
- 11.1 Middle East & Africa Ship Electric Propulsion System Sales Quantity by Drive (2021-2032)
- 11.2 Middle East & Africa Ship Electric Propulsion System Sales Quantity by Application (2021-2032)
- 11.3 Middle East & Africa Ship Electric Propulsion System Market Size by Country
- 11.3.1 Middle East & Africa Ship Electric Propulsion System Sales Quantity by Country (2021-2032)
- 11.3.2 Middle East & Africa Ship Electric Propulsion System Consumption Value by Country (2021-2032)
- 11.3.3 Turkey Market Size and Forecast (2021-2032)
- 11.3.4 Egypt Market Size and Forecast (2021-2032)
- 11.3.5 Saudi Arabia Market Size and Forecast (2021-2032)
- 11.3.6 South Africa Market Size and Forecast (2021-2032)
12 Market Dynamics
- 12.1 Ship Electric Propulsion System Market Drivers
- 12.2 Ship Electric Propulsion System Market Restraints
- 12.3 Ship Electric Propulsion System Trends Analysis
- 12.4 Porters Five Forces Analysis
- 12.4.1 Threat of New Entrants
- 12.4.2 Bargaining Power of Suppliers
- 12.4.3 Bargaining Power of Buyers
- 12.4.4 Threat of Substitutes
- 12.4.5 Competitive Rivalry
13 Raw Material and Industry Chain
- 13.1 Raw Material of Ship Electric Propulsion System and Key Manufacturers
- 13.2 Manufacturing Costs Percentage of Ship Electric Propulsion System
- 13.3 Ship Electric Propulsion System Production Process
- 13.4 Industry Value Chain Analysis
14 Shipments by Distribution Channel
- 14.1 Sales Channel
- 14.1.1 Direct to End-User
- 14.1.2 Distributors
- 14.2 Ship Electric Propulsion System Typical Distributors
- 14.3 Ship Electric Propulsion System Typical Customers
15 Research Findings and Conclusion
16 Appendix
- 16.1 Methodology
- 16.2 Research Process and Data Source
Summary:
Get latest Market Research Reports on Ship Electric Propulsion System. Industry analysis & Market Report on Ship Electric Propulsion System is a syndicated market report, published as Global Ship Electric Propulsion System Market 2026 by Manufacturers, Regions, Type and Application, Forecast to 2032. It is complete Research Study and Industry Analysis of Ship Electric Propulsion System market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.
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