Market Overview:
The global advanced marine power supply market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The market growth is attributed to the increasing demand for electric and hybrid vessels, rising maritime trade, and the growing need for reliable and efficient power supplies in marine applications. Based on type, the global advanced marine power supply market is segmented into marine electric systems, newmar systems, analytic systems, direct power supplies, renewable power supplies, and others. Marine electric systems are further classified into AC/DC shore-based electrical distribution system (EPS), DC battery banks with charger/inverters (CBIC), AC inverter installations (AII), engine-driven alternators & generators (EDAG), and fuel cells & hydrogen storage technologies. Newmar Systems are categorized as switched mode rectifier voltage converters that provide galvanic isolation between shipboard equipment grounds ashore through an insulated dc busbar system powered by an ac shore connection transformer or a generator set connected to the ship’s dc busbars; while Analytic Systems comprise of electronic control units that monitor all major parameters of a battery bank installation including state-of-charge voltage levels; temperature; current flowing in or out of batteries; time elapsed since last charge or discharge event etc.
Product Definition:
An advanced marine power supply is a device that provides electrical power to a vessel. It may be used to provide power for propulsion, lighting, communications, or other purposes. The importance of an advanced marine power supply varies depending on the application. In some cases, it may be essential for the safe operation of a vessel. In other cases, it may simply provide convenience or comfort to passengers or crew members.
Marine Electric Systems:
Marine electric systems are used to convert the energy derived from ship propulsion engines into electrical power. The primary function of marine electric systems is to provide an alternate source of power for critical shipboard operations and equipment when the main engine is not operating.
The global market for marine electric systems has been witnessing strong growth over the past few years owing to rising demand in medium-sized vessels, particularly yachts.
Newmar, and Analytic Systems:
Newmar is a marine analytics software company that provides vessel traffic and routing solutions to the shipping industry. The company’s flagship product, MARADOC (Marine Analysis of Routing and Distribution Optimization) is an optimization engine for maritime transportation. It enables shippers to plan their shipments in advance by analyzing the optimal routes in real-time based on origin, destination, commodity type and seasonality among other factors.
Application Insights:
Internal lighting application segment dominated the global advanced marine power supply market in terms of revenue share in 2017. The growth can be attributed to the increasing demand for energy-efficient and environment-friendly internal lighting solutions across various applications such as navigation, communication, surveillance system, and engine control. Furthermore, growing emphasis on improving vessel aesthetics is also expected to drive the demand over the forecast period.
Navigation lights are used during night time hours for providing safe passage through narrow channels at sea or when visibility is low at a particular place. These lights enable ships to have an accurate reckoning of their position with respect to a fixed point or landmark using a GPS device which aids in avoiding collision risks while navigating at night time hours.
Regional Analysis:
The Asia Pacific region accounted for the largest revenue share in 2017 and is expected to continue its dominance over the forecast period. The growth can be attributed to rising demand from countries such as China, India, South Korea, and Japan. Increasing marine transportation coupled with growing offshore oil & gas activities in these regions is anticipated to drive the market further. Moreover, increasing government initiatives towards implementation of ADMP systems are also expected to boost regional growth over the forecast period.
Europe was estimated at USD X million in 2017 owing to high R&D investments made by various companies involved with marine electronics including Siemens AG & Co., Honeywell International Inc.
Growth Factors:
- Increasing demand for electric vehicles
- Growing awareness about the benefits of using advanced marine power supply systems
- Rising number of luxury yachts and boats
- Proliferation of maritime infrastructure development projects
- Technological advancements in the field of advanced marine power supply
Scope Of The Report
Report Attributes
Report Details
Report Title
Advanced Marine Power Supply Market Research Report
By Type
Marine Electric Systems, Newmar, and Analytic Systems, Direct Power Supply, Renewable Power Supply
By Application
Internal Lighting, Navigation Lighting, Communication, Surveillance System, Engine Control
By Companies
Emerson Electric Company, Schneider Electric, ABB, Exide Industries, EnerSys, HBL Power Systems, Systems Sunlight, Eaton Corporation, Powerbox International, ENAG, Emerson Electric Company
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
176
Number of Tables & Figures
124
Customization Available
Yes, the report can be customized as per your need.
Global Advanced Marine Power Supply Market Report Segments:
The global Advanced Marine Power Supply market is segmented on the basis of:
Types
Marine Electric Systems, Newmar, and Analytic Systems, Direct Power Supply, Renewable Power Supply
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
Internal Lighting, Navigation Lighting, Communication, Surveillance System, Engine Control
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:
- Emerson Electric Company
- Schneider Electric
- ABB
- Exide Industries
- EnerSys
- HBL Power Systems
- Systems Sunlight
- Eaton Corporation
- Powerbox International
- ENAG
- Emerson Electric Company
Highlights of The Advanced Marine Power Supply 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:
- Marine Electric Systems
- Newmar, and Analytic Systems
- Direct Power Supply
- Renewable Power Supply
- By Application:
- Internal Lighting
- Navigation Lighting
- Communication
- Surveillance System
- Engine Control
- 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 Advanced Marine Power Supply 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?
Advanced Marine Power Supply (AMP) is a marine power supply that can provide up to 100 kW of continuous power. It is designed for use in commercial and recreational vessels, including sailboats, yachts, and fishing boats. AMP features an automatic voltage regulator to ensure consistent output voltage regardless of load conditions.
Some of the major companies in the advanced marine power supply market are Emerson Electric Company, Schneider Electric, ABB, Exide Industries, EnerSys, HBL Power Systems, Systems Sunlight, Eaton Corporation, Powerbox International, ENAG, Emerson Electric Company.
The advanced marine power supply market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Advanced Marine Power Supply Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Advanced Marine Power Supply Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Advanced Marine Power Supply Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Advanced Marine Power Supply Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Advanced Marine Power Supply Market Size & Forecast, 2020-2028
4.5.1 Advanced Marine Power Supply Market Size and Y-o-Y Growth
4.5.2 Advanced Marine Power Supply Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Marine Electric Systems
5.2.2 Newmar
5.2.3 and Analytic Systems
5.2.4 Direct Power Supply
5.2.5 Renewable Power Supply
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Internal Lighting
6.2.2 Navigation Lighting
6.2.3 Communication
6.2.4 Surveillance System
6.2.5 Engine Control
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Advanced Marine Power Supply Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Advanced Marine Power Supply Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Marine Electric Systems
9.6.2 Newmar
9.6.3 and Analytic Systems
9.6.4 Direct Power Supply
9.6.5 Renewable Power Supply
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Internal Lighting
9.10.2 Navigation Lighting
9.10.3 Communication
9.10.4 Surveillance System
9.10.5 Engine Control
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Marine Electric Systems
10.6.2 Newmar
10.6.3 and Analytic Systems
10.6.4 Direct Power Supply
10.6.5 Renewable Power Supply
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Internal Lighting
10.10.2 Navigation Lighting
10.10.3 Communication
10.10.4 Surveillance System
10.10.5 Engine Control
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Marine Electric Systems
11.6.2 Newmar
11.6.3 and Analytic Systems
11.6.4 Direct Power Supply
11.6.5 Renewable Power Supply
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Internal Lighting
11.10.2 Navigation Lighting
11.10.3 Communication
11.10.4 Surveillance System
11.10.5 Engine Control
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Marine Electric Systems
12.6.2 Newmar
12.6.3 and Analytic Systems
12.6.4 Direct Power Supply
12.6.5 Renewable Power Supply
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Internal Lighting
12.10.2 Navigation Lighting
12.10.3 Communication
12.10.4 Surveillance System
12.10.5 Engine Control
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Marine Electric Systems
13.6.2 Newmar
13.6.3 and Analytic Systems
13.6.4 Direct Power Supply
13.6.5 Renewable Power Supply
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Internal Lighting
13.10.2 Navigation Lighting
13.10.3 Communication
13.10.4 Surveillance System
13.10.5 Engine Control
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Advanced Marine Power Supply Market: Competitive Dashboard
14.2 Global Advanced Marine Power Supply Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Emerson Electric Company
14.3.2 Schneider Electric
14.3.3 ABB
14.3.4 Exide Industries
14.3.5 EnerSys
14.3.6 HBL Power Systems
14.3.7 Systems Sunlight
14.3.8 Eaton Corporation
14.3.9 Powerbox International
14.3.10 ENAG
14.3.11 Emerson Electric Company
