Market Overview:
The global alternate marine power technology market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for electric and hybrid vessels across different applications, such as container ships, cruise ships, and roll-on/roll-off (RO/RO) vessels. Additionally, the increasing focus on reducing emissions from maritime transport is also contributing to the growth of this market. The alternate marine power technology market can be segmented by type into hybrid and electric power systems. The hybrid system is expected to hold a larger share of the market than the electric system during the forecast period. This can be attributed to its ability to provide both propulsion and electrical power requirements for a vessel simultaneously. By application, the container ship segment is expected to hold a larger share of the global alternate marine power technology market than other segments duringthe forecast period.
Product Definition:
Alternative Marine Power Technology (AMPT) is a term used to describe any technology that can be used as an alternative to traditional marine power sources, such as diesel engines. Alternative marine power technologies include wind turbines, solar panels, and hydro-power systems.
The importance of alternative marine power technologies lies in their ability to provide a renewable source of energy for maritime transportation. Unlike traditional fossil fuels, which are non-renewable and contribute to climate change, alternative marine power technologies produce no emissions and are therefore environmentally friendly. They also help reduce reliance on foreign oil imports.
Hybrid.:
Hybrid power is the combination of marine diesel engine and electric propulsion systems. Hybrid power system uses a hybrid engine which has an internal combustion mechanism with both diesel and electrical propulsion engines working together to provide maximum fuel economy at optimal performance.
The advantages of using hybrid technology are reduced carbon footprint, less noise pollution, improved reliability & service life along with efficient use of available resources.
Electric Power:
Electric power is the alternate marine power technology used to generate electricity using an electric motor as a source of energy. The engine operates at lower speeds when powered by electricity and can produce enough torque for turning the propeller. Electric propulsion systems are more efficient than diesel or steam-driven systems as they do not require additional fuel to operate, only batteries.
Application Insights:
Container ship was the largest application segment in 2017 and will continue to be so over the forecast period. Container ships are widely used for short sea transport between ports, thus they can be refueled and serviced in port areas without having to return back to base station. This factor is expected to drive adoption of AMPT technology as it reduces operating costs significantly.
Cruise ship is anticipated to emerge as the fastest-growing segment over the forecast period owing to rising demand for luxury travel services at reduced operational cost coupled with reduced carbon emissions from fuel consumption and operations.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The region accounted for a share of more than 30% in 2016 and is anticipated to witness significant growth over the next eight years. This can be attributed to rising disposable income, increasing population, and growing trade activities across emerging economies such as China and India. Moreover, countries such as South Korea are focusing on reducing their dependence on fossil fuels by adopting APMPT solutions in bulk carrier ships from 2018 onwards.
Europe was valued at USD X million in 2016 owing to stringent regulations regarding pollution caused by conventional means of power generation used onboard vessels operating within European waters. However, with an increase in ship sizes above 1000 DWT; it becomes economically unviable for most nations within Europe’s waterspace to adopt APMPT systems owing to high installation costs involved with these systems which are around USD X thousand or more per ship (or vessel).
Growth Factors:
- Increasing demand for fuel-efficient and environment-friendly modes of transportation
- Government initiatives and subsidies for the development of alternate marine power technology
- Rising prices of conventional fuels
- Technological advancements in alternate marine power technology
- Growing awareness about the benefits of alternate marine power technology
Scope Of The Report
Report Attributes
Report Details
Report Title
Alternate Marine Power Technology Market Research Report
By Type
Hybrid., Electric Power
By Application
Container Ship, Cruise Ship, Roll Down Ship
By Companies
ABB Ltd., Cavotec SA, Schneider Electric, Nidec ASI, MacGregor, PowerCon, Siemens, ESL Power Systems, Inc., VINCI Energies, Danfoss, Ratio Electric B.V., Piller Group GmbH, Wartsila, Wabtec Corporation.
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
245
Number of Tables & Figures
172
Customization Available
Yes, the report can be customized as per your need.
Global Alternate Marine Power Technology Market Report Segments:
The global Alternate Marine Power Technology market is segmented on the basis of:
Types
Hybrid., Electric Power
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Container Ship, Cruise Ship, Roll Down Ship
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- ABB Ltd.
- Cavotec SA
- Schneider Electric
- Nidec ASI
- MacGregor
- PowerCon
- Siemens
- ESL Power Systems, Inc.
- VINCI Energies
- Danfoss
- Ratio Electric B.V.
- Piller Group GmbH
- Wartsila
- Wabtec Corporation.
Highlights of The Alternate Marine Power Technology Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Hybrid.
- Electric Power
- By Application:
- Container Ship
- Cruise Ship
- Roll Down Ship
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Alternate Marine Power Technology Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Alternate Marine Power Technology (AMPT) is a term used to describe any technology that can be used to generate power from the ocean. AMPT technologies could include wave, tidal, and hydrokinetic energy sources.
Some of the major players in the alternate marine power technology market are ABB Ltd., Cavotec SA, Schneider Electric, Nidec ASI, MacGregor, PowerCon, Siemens, ESL Power Systems, Inc., VINCI Energies, Danfoss, Ratio Electric B.V., Piller Group GmbH, Wartsila, Wabtec Corporation..
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Alternate Marine Power Technology Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Alternate Marine Power Technology Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Alternate Marine Power Technology Market - Supply Chain
4.5. Global Alternate Marine Power Technology Market Forecast
4.5.1. Alternate Marine Power Technology Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Alternate Marine Power Technology Market Size (000 Units) and Y-o-Y Growth
4.5.3. Alternate Marine Power Technology Market Absolute $ Opportunity
5. Global Alternate Marine Power Technology Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Alternate Marine Power Technology Market Size and Volume Forecast by Type
5.3.1. Hybrid.
5.3.2. Electric Power
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Alternate Marine Power Technology Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Alternate Marine Power Technology Market Size and Volume Forecast by Application
6.3.1. Container Ship
6.3.2. Cruise Ship
6.3.3. Roll Down Ship
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Alternate Marine Power Technology Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Alternate Marine Power Technology Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Alternate Marine Power Technology Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Alternate Marine Power Technology Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Alternate Marine Power Technology Demand Share Forecast, 2019-2026
9. North America Alternate Marine Power Technology Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Alternate Marine Power Technology Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Alternate Marine Power Technology Market Size and Volume Forecast by Application
9.4.1. Container Ship
9.4.2. Cruise Ship
9.4.3. Roll Down Ship
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Alternate Marine Power Technology Market Size and Volume Forecast by Type
9.7.1. Hybrid.
9.7.2. Electric Power
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Alternate Marine Power Technology Demand Share Forecast, 2019-2026
10. Latin America Alternate Marine Power Technology Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Alternate Marine Power Technology Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Alternate Marine Power Technology Market Size and Volume Forecast by Application
10.4.1. Container Ship
10.4.2. Cruise Ship
10.4.3. Roll Down Ship
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Alternate Marine Power Technology Market Size and Volume Forecast by Type
10.7.1. Hybrid.
10.7.2. Electric Power
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Alternate Marine Power Technology Demand Share Forecast, 2019-2026
11. Europe Alternate Marine Power Technology Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Alternate Marine Power Technology Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Alternate Marine Power Technology Market Size and Volume Forecast by Application
11.4.1. Container Ship
11.4.2. Cruise Ship
11.4.3. Roll Down Ship
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Alternate Marine Power Technology Market Size and Volume Forecast by Type
11.7.1. Hybrid.
11.7.2. Electric Power
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Alternate Marine Power Technology Demand Share, 2019-2026
12. Asia Pacific Alternate Marine Power Technology Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Alternate Marine Power Technology Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Alternate Marine Power Technology Market Size and Volume Forecast by Application
12.4.1. Container Ship
12.4.2. Cruise Ship
12.4.3. Roll Down Ship
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Alternate Marine Power Technology Market Size and Volume Forecast by Type
12.7.1. Hybrid.
12.7.2. Electric Power
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Alternate Marine Power Technology Demand Share, 2019-2026
13. Middle East & Africa Alternate Marine Power Technology Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Alternate Marine Power Technology Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Alternate Marine Power Technology Market Size and Volume Forecast by Application
13.4.1. Container Ship
13.4.2. Cruise Ship
13.4.3. Roll Down Ship
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Alternate Marine Power Technology Market Size and Volume Forecast by Type
13.7.1. Hybrid.
13.7.2. Electric Power
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Alternate Marine Power Technology Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Alternate Marine Power Technology Market: Market Share Analysis
14.2. Alternate Marine Power Technology Distributors and Customers
14.3. Alternate Marine Power Technology Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. ABB Ltd.
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Cavotec SA
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Schneider Electric
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Nidec ASI
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. MacGregor
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. PowerCon
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Siemens
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. ESL Power Systems, Inc.
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. VINCI Energies
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Danfoss
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Ratio Electric B.V.
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Piller Group GmbH
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Wartsila
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Wabtec Corporation.
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
