Electric Ships Quadrant Report

Table of Contents

1 Introduction
   1.1 Market Definition

2 Market Overview
   2.1 Introduction
   2.2 Market Dynamics
          Figure 1 Electric Ships Market Dynamics: Drivers, Restraints, Opportunities & Challenges
          2.2.1 Drivers
                    2.2.1.1 Implementation of Sulfur 2020 Rule
                                 Table 1 Sulfur Content Regulations in Bunker Fuel
                    2.2.1.2 Rise in Adoption of Hybrid and Electric Propulsion Technologies for Retrofitting Ships
                    2.2.1.3 Increase in Seaborne Trade Across the Globe
                                 Figure 2 Global Seaborne Trade, By Quantity Traded, 2005–2017
                    2.2.1.4 Growing Maritime Tourism Industry
                                 Figure 3 Increase in Number of Cruise Passengers in Europe, 2007—2016
                                 Figure 4 Global Cruise Industry Share, By Region, 2016
                    2.2.1.5 Development of Lithium-Ion Batteries
                                 Figure 5 Most Common Lithium-Ion Batteries With Key Features
                                 Table 2 Current Battery Capacity and Requirements of Ships
          2.2.2 Restraints
                    2.2.2.1 High Downtime in Retrofitting Ships
                    2.2.2.2 Limited Range and Capacity of Fully-Electric Ships
          2.2.3 Opportunities
                    2.2.3.1 Potential of High Powered Batteries
                                 Figure 6 Relative Feasibility of Different Energy-Storage Technologies
                    2.2.3.2 Potential for Battery Charging Via Renewable Sources of Energy
                    2.2.3.3 Hybrid Propulsion Technology for Large Ships
          2.2.4 Challenges
                    2.2.4.1 Inadequate Charging Infrastructure
                    2.2.4.2 High Initial Capital Expenditure Cost
                                 Table 3 Capital Expenditure, Savings, and Payback
                                 Table 4 Capital Expenditure, Savings, and Payback
                                 Table 5 Capital Expenditure, Savings, and Payback
   2.3 Key Autonomous Ships Development Projects
         2.3.1 Rolls-Royce Marine – 2020
         2.3.2 Kongsberg and Yara – 2020
         2.3.3 Japanese Consortium – 2025
   2.4 Innovations & Patent Registrations
          Table 6 Innovations & Patent Registrations, 2011–2017

3 Company Evaluation Quadrant
   3.1 Visionary Leaders
   3.2 Innovators
   3.3 Dynamic Differentiators
   3.4 Emerging Companies
          Figure 7 Electric Ships Market (Global) Company Evaluation Quadrant
   3.5 Strength of Product Portfolio
   3.6 Business Strategy Excellence

4 Competitive Landscape
   4.1 Introduction
   4.2 Major Players, 2018
          Figure 8 Major Players in Electric Ships Market, 2018
   4.3 Competitive Scenario
          Figure 9 Companies Adopted Several Growth Strategies From
August 2015 to October 2019
   4.4 Competitive Scenario
         4.4.1 New Product Launches
                   Table 7 New Product Launches, August 2015– May 2019
         4.4.2 Contracts
                   Table 8 Contracts, 2015 - 2019
         4.4.3 Expansions & Acquisitions
                   Table 9 Expansions and Acquisitions, 2015–2019
         4.4.4 Partnerships, Agreements, Joint Ventures, and Collaborations
                   Table 10 Partnerships, Agreements, Joint Ventures, and Collaborations, 2015 –2019

5 Company Profiles
   5.1 ABB
         5.1.1 Business Overview*
                   Figure 10 ABB: Company Snapshot
         5.1.2 Products/Solutions/Services Offered*
         5.1.3 Customers and Application Areas
         5.1.4 Unique Value Proposition and Right to Win
         5.1.5 ABB’s Right to Win (Company Business Snapshot)
         5.1.6 Growth Strategy
         5.1.7 SWOT Analysis*
                   Table 11 ABB: SWOT Analysis
         5.1.8 MnM View*
         (*Above sections are present for all of below companies)
   5.2 Wartsila
          Figure 11 Wartsila: Company Snapshot
          Table 12 Wartsila: SWOT Analysis
   5.3 Kongsberg Gruppen
          Figure 12 Kongsberg Gruppen: Company Snapshot
          Table 13 Kongsberg: SWOT Analysis
   5.4 General Electric (GE)
          Figure 13 General Electric: Company Snapshot
          Table 14 GE: SWOT Analysis
   5.5 Vard
          Figure 14 Vard: Company Snapshot
   5.6 Siemens
          Figure 15 Siemens: Company Snapshot
          Table 15 Siemens: SWOT Analysis
   5.7 Leclanché SA
          Figure 16 Leclanche SA: Company Snapshot
   5.8 BAE Systems
          Figure 17 BAE Systems: Company Snapshot
   5.9 Norwegian Electric Systems
   5.10 MAN Energy Solutions SE
   5.11 Corvus Energy
   5.12 Echandia Marine AB
   5.13 General Dynamics Electric Boat
   5.14 Anglo Belgian Corporation (ABC) NV
   5.15 SCHOTTEL Gmbh
   5.16 Visedo
   5.17 ECO Marine Power Co Ltd.
   5.18 Akasol AG
   5.19 EST Floattech
   5.20 Saft (Total)
            Figure 18 Saft: Company Snapshot

6 Appendix
   6.1 Methodology

This report identifies and benchmarks the best Electric Ship manufacturers such as Kongsberg (Norway), ABB (Switzerland), Wartsila (Finland), Norwegian Electric Systems AS (Norway), Corvus Energy (Canada), and evaluates them on the basis of business strategy excellence and strength of product portfolio within the electric ships ecosystem, combining inputs from various industry experts, buyers, and vendors, and extensive secondary research including annual reports, company press releases, investor presentations, free and paid company databases. They are rated and positioned on 2x2 matrix, called as ‘Company Evaluation Quadrant’, and identified as Visionary Leaders (top companies), Dynamic Differentiators, Innovators, or Emerging companies.

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