Market Overview:
The global ship power management system market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for luxury yachts and ships, and the need for energy-efficient systems. The ship power management system market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into power generation systems, power distribution systems, and others (including control systems and monitoring systems). Power generation systems are further sub-segmented into diesel generators sets (DGS), gas turbine generators (GTG), wind turbines, solar photovoltaic cells (PV), fuel cells etc., while power distribution system are further sub-segmented into switchboards & panels boards; cabling; transformers; circuit breakers etc. By application, the ship power management system market is segmented into ships & boats; yachts/luxury boats; other marine vehicles such as ferries & hovercrafts etc.; land vehicles such as buses & trucks etc.; stationary applications such as data centers & hospitals etc.; portable applications such as military camps& field hospitalsetc.
Product Definition:
Ship power management system is a computer-based system that controls and monitors the ship's power plant. It ensures that the plant is operated within safe limits and that the correct amount of power is delivered to meet the vessel's needs. The system also monitors engine performance, fuel consumption, and emissions.
Power Generation Systems:
Power generation systems are used to convert energy from one form to another. The ship power management system (SPMS) market is expected to witness significant growth over the forecast period owing to growing demand for ships with advanced technologies and capabilities. SPMS provides various services such as monitoring, protection, control, optimization and automation of ship’s electrical power supply & distribution network.
Power Distribution System:
Power distribution system is a set of devices that are used to convert the ship's power from one form to another. It distributes power from main electrical supply in case of emergency or breakdown and also provides load side switching function for all equipment connected to it.
PDC (Power Distribution Center) consists of two major parts: isolator, and switchboard.
Application Insights:
The ship application segment accounted for the largest revenue share of over 50% in 2017. The demand for SMP systems is expected to increase on account of growing offshore oil exploration activities and rising demand from cruise ships, ferries, tugs, barges etc. The global shipping industry has witnessed significant growth owing to the development of deep water ports and waterways across the globe. As a result, ship operators are focusing on efficient management solutions that will help them utilize maximum power output while minimizing energy consumption thus augmenting market growth over the forecast period.
Yacht application segment is expected to register highest CAGR exceeding 7% during the forecast period owing to increasing disposable income among individuals globally coupled with recreational activities spending in yacht chartering has resulted in increased yachting investments which are subsequently driving upmarket yacht sales thereby propelling market growth during future years.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The growth can be attributed to rising disposable income, increasing adoption of renewable energy sources, and growing environmental concerns among consumers. Rising demand for recreational boats in countries such as China and India has also contributed significantly to product demand in this region. In addition, increasing government regulations pertaining to carbon emissions from ships are anticipated to drive the need for efficient SHPM systems across all sectors including shipping and marine industry.
Europe was estimated as the second-largest regional market in 2017 owing its large maritime history coupled with a strong presence of shipbuilding companies across countries such as Germany, France, Italy etc., which have led it being called Maritime Europe or even Mare Nostrum (Our Sea). However, factors such as economic slowdown post BREXIT along with stringent government regulations regarding CO2 emissions are expected hamper regional growth prospects over next few years until 2020s at least.
Growth Factors:
- Increasing demand for maritime transportation: The global seaborne trade has been growing at a CAGR of around 4% in the past few years and is expected to grow further in the coming years, driven by the growth of international trade and globalization. This is expected to result in an increase in demand for ship power management systems.
- Proliferation of new shipping technologies: With the advent of new shipping technologies such as hybrid propulsion systems, electric propulsion systems, etc., there is an increasing need for ship power management systems that can manage these complex systems effectively.
- Stringent environmental regulations: Stringent environmental regulations aimed at reducing emissions from ships are resulting in an increased adoption of ship power management systems that help reduce emissions significantly.
- Growing popularity of energy-efficient ships: There is a growing trend among shippers to opt for energy-efficient vessels, which requires effective ship power management system solutions that can optimize vessel performance and save on fuel costs significantly.. 5) Technological advancements: Ongoing technological advancements are resulting in innovative solutions being developed for ship power management system market, thereby driving its growth
Scope Of The Report
Report Attributes
Report Details
Report Title
Ship Power Management System Market Research Report
By Type
Power Generation Systems, Power Distribution System,
By Application
Ship, Yacht, Other,
By Companies
Atlas Marine Systems, Eekels, HEINZMANN, Praxis Automation Technology, Rolls-Royce, Kongsberg Maritime, NORIS Group GmbH, Wartsila,
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
234
Number of Tables & Figures
164
Customization Available
Yes, the report can be customized as per your need.
Global Ship Power Management System Market Report Segments:
The global Ship Power Management System market is segmented on the basis of:
Types
Power Generation Systems, Power Distribution System,
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
Ship, Yacht, Other,
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:
- Atlas Marine Systems
- Eekels
- HEINZMANN
- Praxis Automation Technology
- Rolls-Royce
- Kongsberg Maritime
- NORIS Group GmbH
- Wartsila
Highlights of The Ship Power Management System 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:
- Power Generation Systems
- Power Distribution System
- By Application:
- Ship
- Yacht
- Other
- 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 Ship Power Management System 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.
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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?
Ship power management system (SPMS) is a suite of hardware and software that manages the power consumption on a ship. It includes sensors to measure the energy usage, controllers to manage the power usage, and an interface to allow sailors or officers to control the power usage.
Some of the major companies in the ship power management system market are Atlas Marine Systems, Eekels, HEINZMANN, Praxis Automation Technology, Rolls-Royce, Kongsberg Maritime, NORIS Group GmbH, Wartsila.
The ship power management system market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Ship Power Management System 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. Ship Power Management System Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Ship Power Management System Market - Supply Chain
4.5. Global Ship Power Management System Market Forecast
4.5.1. Ship Power Management System Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Ship Power Management System Market Size (000 Units) and Y-o-Y Growth
4.5.3. Ship Power Management System Market Absolute $ Opportunity
5. Global Ship Power Management System 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. Ship Power Management System Market Size and Volume Forecast by Type
5.3.1. Power Generation Systems
5.3.2. Power Distribution System
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Ship Power Management System 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. Ship Power Management System Market Size and Volume Forecast by Application
6.3.1. Ship
6.3.2. Yacht
6.3.3. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Ship Power Management System 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. Ship Power Management System 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 Ship Power Management System 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. Ship Power Management System 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 Ship Power Management System Demand Share Forecast, 2019-2026
9. North America Ship Power Management System 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 Ship Power Management System 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 Ship Power Management System Market Size and Volume Forecast by Application
9.4.1. Ship
9.4.2. Yacht
9.4.3. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Ship Power Management System Market Size and Volume Forecast by Type
9.7.1. Power Generation Systems
9.7.2. Power Distribution System
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 Ship Power Management System Demand Share Forecast, 2019-2026
10. Latin America Ship Power Management System 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 Ship Power Management System 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 Ship Power Management System Market Size and Volume Forecast by Application
10.4.1. Ship
10.4.2. Yacht
10.4.3. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Ship Power Management System Market Size and Volume Forecast by Type
10.7.1. Power Generation Systems
10.7.2. Power Distribution System
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 Ship Power Management System Demand Share Forecast, 2019-2026
11. Europe Ship Power Management System 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 Ship Power Management System 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 Ship Power Management System Market Size and Volume Forecast by Application
11.4.1. Ship
11.4.2. Yacht
11.4.3. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Ship Power Management System Market Size and Volume Forecast by Type
11.7.1. Power Generation Systems
11.7.2. Power Distribution System
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 Ship Power Management System Demand Share, 2019-2026
12. Asia Pacific Ship Power Management System 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 Ship Power Management System 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 Ship Power Management System Market Size and Volume Forecast by Application
12.4.1. Ship
12.4.2. Yacht
12.4.3. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Ship Power Management System Market Size and Volume Forecast by Type
12.7.1. Power Generation Systems
12.7.2. Power Distribution System
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 Ship Power Management System Demand Share, 2019-2026
13. Middle East & Africa Ship Power Management System 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 Ship Power Management System 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 Ship Power Management System Market Size and Volume Forecast by Application
13.4.1. Ship
13.4.2. Yacht
13.4.3. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Ship Power Management System Market Size and Volume Forecast by Type
13.7.1. Power Generation Systems
13.7.2. Power Distribution System
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 Ship Power Management System Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Ship Power Management System Market: Market Share Analysis
14.2. Ship Power Management System Distributors and Customers
14.3. Ship Power Management System Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Atlas Marine Systems
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Eekels
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. HEINZMANN
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Praxis Automation Technology
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Rolls-Royce
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Kongsberg Maritime
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. NORIS Group GmbH
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Wartsila
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
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
