Ship Electrical Systems Market

The ship electrical systems market was valued at USD XX million in 2016 and is expected to reach USD XX million by 2022 at a CAGR of XX% during the forecast period.

The years considered for the study are as follows:

• Base Year – 2016
• Estimated Year – 2017
• Projected Year – 2022
• Forecast Period – 2017 to 2022

2016 has been considered as the base year for company profiles. Whenever information was unavailable for the base year, the prior year has been considered.

Objectives of the Study

• To define, estimate, segment, and forecast the ship electrical systems market on the basis of components, ship type, and region
• To forecast the market size of segments with respect to various regions such as North America, Europe, Asia Pacific, and Rest of the World (RoW)
• To identify, analyze, describe, and evaluate key drivers, restraints, opportunities, and challenges impacting the growth of the ship electrical systems market
• To identify industry trends, market trends, and technology trends currently prevailing in the ship electrical systems market
• To anticipate the degree of competition in the market by identifying key market players
• To provide company profiles of key companies in the ship electrical systems market based on their product portfolios, financial positions, and key growth strategies
• To analyze opportunities in the market for stakeholders and provide a detailed competitive landscape of the market
• To track and analyze competitive developments such as contracts, agreements, acquisitions, collaborations, partnerships & joint ventures, and new product launches by key players in the ship electrical systems market

Research Methodology

This research study involved the usage of extensive secondary sources including directories; databases of articles; journals on ship electrical systems, company newsletters; and information portals such as D&B Hoovers, Bloomberg, and Factiva to identify and collect information useful for this extensive, technical, market-oriented, and commercial study of the market. Primary sources are several industry experts from the core and related industries, OEMs, vendors, suppliers, technology developers, alliances, and organizations. These sources are related to all the segments of the value-chain of this industry.

In-depth interviews were conducted with various primary respondents, including key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information as well as assess prospects. After arriving at the overall market size, the total market has been split into several segments and subsegments. The figure given below illustrates the breakdown of primaries conducted during the research study on the basis of company type, designation, and region, conducted during the research study.

Market Ecosystem:

The ship electrical systems ecosystem comprises OEMs such as ABB Ltd. (Switzerland), Siemens AG (Germany), Kongsberg Gruppen AS (Norway), Larsen & Toubro Limited (India), Wartsila Oyj Abp (Finland), and others.

Target Audience:

• Wholesalers, Retailers, and Distributors of ship electrical systems
• System integrators
• Technology providers
• Ship electric system designers
• Defense Regulatory Bodies
• Investment Banks

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• By Components
  • Onboard power generation
    • Generators
    • Electric Motors
    • Starting Devices
    • Other power generation components
  • Onboard power distribution
    • Switchboards
    • Transformers
    • Circuit breakers, Bus bars, and Fuses
    • Other power distribution components
• By Ship Type
  • Merchant ships
  • Recreational vessels
  • Naval & Coast Guard ships
  • Other vessels
• By Region
  • North America
  • Europe
  • Asia Pacific
  • Rest of the World

Available Customizations:

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Company Information

Detailed analysis and profiling of additional market players (up to 5)