The global Electrical Systems in Ships market size is predicted to grow from US$ 9484 million in 2025 to US$ 16110 million in 2031; it is expected to grow at a CAGR of 9.2% from 2025 to 2031.
The electrical onboard ships can be divided into several specific systems: Power Conversion Equipment, Onboard Power Distribution, Electrical Propulsion System, Complete Onboard Electrical Systems. All the electrical equipment onboard ships are similar to land however, they are upgraded to withstand the rigorous atmosphere of the sea and moving ship to withstand humid surroundings, high temperatures, salty and corrosive atmosphere, vibration, etc.
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Global key players of electrical system in ships include Wartsila, ABB, Siemens, GE, Rolls-Royce, etc. The top five players hold a share over 55%. Asia-Pacific is the largest market, has a share about 78%, followed by Europe and North America, with share 11% and 8%, separately. In terms of product type, Complete Onboard Electrical Systems is the largest segment, occupied for a share of 49%, and in terms of application, Bulk Carrier has a share about 28 percent.
Infinity Market Research newest research report, the “Electrical Systems in Ships Industry Forecast” looks at past sales and reviews total world Electrical Systems in Ships sales in 2024, providing a comprehensive analysis by region and market sector of projected Electrical Systems in Ships sales for 2025 through 2031. With Electrical Systems in Ships sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Electrical Systems in Ships industry.
This Insight Report provides a comprehensive analysis of the global Electrical Systems in Ships landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyses the strategies of leading global companies with a focus on Electrical Systems in Ships portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Electrical Systems in Ships market.
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This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Electrical Systems in Ships and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Electrical Systems in Ships.
This report presents a comprehensive overview, market shares, and growth opportunities of Electrical Systems in Ships market by product type, application, key players and key regions and countries.
Segmentation by Type:
Generator System
Main Switchboard System
Emergency Switchboard System
Distribution System
Electrical Propulsion System
Segmentation by Application:
Military Ship
Marine Work Ship
Transport Ship
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company’s coverage, product portfolio, its market penetration.
Wartsila
ABB
GE
Man
Siemens
Rolls-Royce
DAIHATSU DIESEL MFG
Yanmar
Leonardo DRS
Ingeteam Marine
Qingdao Zhenhai Marine
Jiangsu Hiscaler Electric
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