Electric Ship Market - Global Industry Size, Share, Trends, Opportunity, and Forecast Segmented By Carriage Type, By Propulsion Type, By Battery Type, By Region & Competition. 2021-2031F

Description

The Global Electric Ship Market will grow from USD 5.94 Billion in 2025 to USD 11.82 Billion by 2031 at a 12.15% CAGR. Electric ships are maritime vessels that utilize stored electrical energy, typically from rechargeable battery systems, for propulsion and onboard power, operating either in fully electric modes or as hybrid configurations alongside conventional engines.

Market Overview
Forecast Period	2027-2031
Market Size 2025	USD 5.94 Billion
Market Size 2031	USD 11.82 Billion
CAGR 2026-2031	12.15%
Fastest Growing Segment	Pure Electric
Largest Market	Europe

Key Market Drivers

Enforcement of Stringent International and Regional Maritime Emission Mandates is the primary catalyst reshaping the sector, compelling operators to align with aggressive decarbonization targets set by regulatory bodies. This legislative pressure is yielding tangible operational shifts; according to the European Commission, February 2025, in the 'Annual Report on CO2 Emissions from Maritime Transport', monitored vessels recorded a 7.9% reduction in emissions compared to the previous year, reflecting strict industry compliance.

Key Market Challenges

The lack of standardized high-voltage charging infrastructure at ports stands as a critical barrier effectively stalling the broader expansion of the Global Electric Ship Market. While vessel manufacturers are successfully increasing battery density and propulsion capabilities, the shore-side support required to recharge these systems remains critically underdeveloped. This infrastructure gap creates a severe operational bottleneck, as carriers cannot deploy fully electric vessels on versatile or long-haul trade routes without the guarantee of compatible charging facilities at destination terminals.

Key Market Trends

The Emergence of Battery-as-a-Service (BaaS) and Containerized Power Solutions is fundamentally altering the operational model for electric shipping by decoupling energy storage assets from vessel ownership. This trend addresses critical charging bottlenecks, as swappable containerized batteries allow ships to replenish energy in minutes rather than hours, effectively bypassing the limitations of fixed port infrastructure. Leading battery manufacturers are rapidly scaling these modular systems to support broader adoption across inland and coastal segments.

Key Market Players

Vision Marine Technologies Inc.
Grove Boats SA
Ruban Bleu
ElectraCraft Boats
Greenline Yachts
Domani Yachts
Ganz Boats GmbH
Quadrofoil
Duffy Electric Boats
Groupe Beneteau

Report Scope:

In this report, the Global Electric Ship Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

Electric Ship Market, By Carriage Type:

Passenger and Cargo

Electric Ship Market, By Propulsion Type:

Hybrid and Pure Electric

Electric Ship Market, By Battery Type:

Lead-acid
Lithium-ion
and Nickel-based Batteries

Electric Ship Market, By Region:

North America
United States
Canada
Mexico
Europe
France
United Kingdom
Italy
Germany
Spain
Asia Pacific
China
India
Japan
Australia
South Korea
South America
Brazil
Argentina
Colombia
Middle East & Africa
South Africa
Saudi Arabia
UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Electric Ship Market.

Available Customizations:

Global Electric Ship Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

1. Product Overview

1.1. Market Definition
1.2. Scope of the Market
- 1.2.1. Markets Covered
- 1.2.2. Years Considered for Study
- 1.2.3. Key Market Segmentations

2. Research Methodology

2.1. Objective of the Study
2.2. Baseline Methodology
2.3. Key Industry Partners
2.4. Major Association and Secondary Sources
2.5. Forecasting Methodology
2.6. Data Triangulation & Validation
2.7. Assumptions and Limitations

3. Executive Summary

3.1. Overview of the Market
3.2. Overview of Key Market Segmentations
3.3. Overview of Key Market Players
3.4. Overview of Key Regions/Countries
3.5. Overview of Market Drivers, Challenges, Trends

4. Voice of Customer

5. Global Electric Ship Market Outlook

5.1. Market Size & Forecast
- 5.1.1. By Value
5.2. Market Share & Forecast
- 5.2.1. By Carriage Type (Passenger and Cargo)
- 5.2.2. By Propulsion Type (Hybrid and Pure Electric)
- 5.2.3. By Battery Type (Lead-acid, Lithium-ion, and Nickel-based Batteries)
- 5.2.4. By Region
- 5.2.5. By Company (2025)
5.3. Market Map

6. North America Electric Ship Market Outlook

6.1. Market Size & Forecast
- 6.1.1. By Value
6.2. Market Share & Forecast
- 6.2.1. By Carriage Type
- 6.2.2. By Propulsion Type
- 6.2.3. By Battery Type
- 6.2.4. By Country
6.3. North America: Country Analysis
- 6.3.1. United States Electric Ship Market Outlook
  - 6.3.1.1. Market Size & Forecast
    - 6.3.1.1.1. By Value
  - 6.3.1.2. Market Share & Forecast
    - 6.3.1.2.1. By Carriage Type
    - 6.3.1.2.2. By Propulsion Type
    - 6.3.1.2.3. By Battery Type
- 6.3.2. Canada Electric Ship Market Outlook
  - 6.3.2.1. Market Size & Forecast
    - 6.3.2.1.1. By Value
  - 6.3.2.2. Market Share & Forecast
    - 6.3.2.2.1. By Carriage Type
    - 6.3.2.2.2. By Propulsion Type
    - 6.3.2.2.3. By Battery Type
- 6.3.3. Mexico Electric Ship Market Outlook
  - 6.3.3.1. Market Size & Forecast
    - 6.3.3.1.1. By Value
  - 6.3.3.2. Market Share & Forecast
    - 6.3.3.2.1. By Carriage Type
    - 6.3.3.2.2. By Propulsion Type
    - 6.3.3.2.3. By Battery Type

7. Europe Electric Ship Market Outlook

7.1. Market Size & Forecast
- 7.1.1. By Value
7.2. Market Share & Forecast
- 7.2.1. By Carriage Type
- 7.2.2. By Propulsion Type
- 7.2.3. By Battery Type
- 7.2.4. By Country
7.3. Europe: Country Analysis
- 7.3.1. Germany Electric Ship Market Outlook
  - 7.3.1.1. Market Size & Forecast
    - 7.3.1.1.1. By Value
  - 7.3.1.2. Market Share & Forecast
    - 7.3.1.2.1. By Carriage Type
    - 7.3.1.2.2. By Propulsion Type
    - 7.3.1.2.3. By Battery Type
- 7.3.2. France Electric Ship Market Outlook
  - 7.3.2.1. Market Size & Forecast
    - 7.3.2.1.1. By Value
  - 7.3.2.2. Market Share & Forecast
    - 7.3.2.2.1. By Carriage Type
    - 7.3.2.2.2. By Propulsion Type
    - 7.3.2.2.3. By Battery Type
- 7.3.3. United Kingdom Electric Ship Market Outlook
  - 7.3.3.1. Market Size & Forecast
    - 7.3.3.1.1. By Value
  - 7.3.3.2. Market Share & Forecast
    - 7.3.3.2.1. By Carriage Type
    - 7.3.3.2.2. By Propulsion Type
    - 7.3.3.2.3. By Battery Type
- 7.3.4. Italy Electric Ship Market Outlook
  - 7.3.4.1. Market Size & Forecast
    - 7.3.4.1.1. By Value
  - 7.3.4.2. Market Share & Forecast
    - 7.3.4.2.1. By Carriage Type
    - 7.3.4.2.2. By Propulsion Type
    - 7.3.4.2.3. By Battery Type
- 7.3.5. Spain Electric Ship Market Outlook
  - 7.3.5.1. Market Size & Forecast
    - 7.3.5.1.1. By Value
  - 7.3.5.2. Market Share & Forecast
    - 7.3.5.2.1. By Carriage Type
    - 7.3.5.2.2. By Propulsion Type
    - 7.3.5.2.3. By Battery Type

8. Asia Pacific Electric Ship Market Outlook

8.1. Market Size & Forecast
- 8.1.1. By Value
8.2. Market Share & Forecast
- 8.2.1. By Carriage Type
- 8.2.2. By Propulsion Type
- 8.2.3. By Battery Type
- 8.2.4. By Country
8.3. Asia Pacific: Country Analysis
- 8.3.1. China Electric Ship Market Outlook
  - 8.3.1.1. Market Size & Forecast
    - 8.3.1.1.1. By Value
  - 8.3.1.2. Market Share & Forecast
    - 8.3.1.2.1. By Carriage Type
    - 8.3.1.2.2. By Propulsion Type
    - 8.3.1.2.3. By Battery Type
- 8.3.2. India Electric Ship Market Outlook
  - 8.3.2.1. Market Size & Forecast
    - 8.3.2.1.1. By Value
  - 8.3.2.2. Market Share & Forecast
    - 8.3.2.2.1. By Carriage Type
    - 8.3.2.2.2. By Propulsion Type
    - 8.3.2.2.3. By Battery Type
- 8.3.3. Japan Electric Ship Market Outlook
  - 8.3.3.1. Market Size & Forecast
    - 8.3.3.1.1. By Value
  - 8.3.3.2. Market Share & Forecast
    - 8.3.3.2.1. By Carriage Type
    - 8.3.3.2.2. By Propulsion Type
    - 8.3.3.2.3. By Battery Type
- 8.3.4. South Korea Electric Ship Market Outlook
  - 8.3.4.1. Market Size & Forecast
    - 8.3.4.1.1. By Value
  - 8.3.4.2. Market Share & Forecast
    - 8.3.4.2.1. By Carriage Type
    - 8.3.4.2.2. By Propulsion Type
    - 8.3.4.2.3. By Battery Type
- 8.3.5. Australia Electric Ship Market Outlook
  - 8.3.5.1. Market Size & Forecast
    - 8.3.5.1.1. By Value
  - 8.3.5.2. Market Share & Forecast
    - 8.3.5.2.1. By Carriage Type
    - 8.3.5.2.2. By Propulsion Type
    - 8.3.5.2.3. By Battery Type

9. Middle East & Africa Electric Ship Market Outlook

9.1. Market Size & Forecast
- 9.1.1. By Value
9.2. Market Share & Forecast
- 9.2.1. By Carriage Type
- 9.2.2. By Propulsion Type
- 9.2.3. By Battery Type
- 9.2.4. By Country
9.3. Middle East & Africa: Country Analysis
- 9.3.1. Saudi Arabia Electric Ship Market Outlook
  - 9.3.1.1. Market Size & Forecast
    - 9.3.1.1.1. By Value
  - 9.3.1.2. Market Share & Forecast
    - 9.3.1.2.1. By Carriage Type
    - 9.3.1.2.2. By Propulsion Type
    - 9.3.1.2.3. By Battery Type
- 9.3.2. UAE Electric Ship Market Outlook
  - 9.3.2.1. Market Size & Forecast
    - 9.3.2.1.1. By Value
  - 9.3.2.2. Market Share & Forecast
    - 9.3.2.2.1. By Carriage Type
    - 9.3.2.2.2. By Propulsion Type
    - 9.3.2.2.3. By Battery Type
- 9.3.3. South Africa Electric Ship Market Outlook
  - 9.3.3.1. Market Size & Forecast
    - 9.3.3.1.1. By Value
  - 9.3.3.2. Market Share & Forecast
    - 9.3.3.2.1. By Carriage Type
    - 9.3.3.2.2. By Propulsion Type
    - 9.3.3.2.3. By Battery Type

10. South America Electric Ship Market Outlook

10.1. Market Size & Forecast
- 10.1.1. By Value
10.2. Market Share & Forecast
- 10.2.1. By Carriage Type
- 10.2.2. By Propulsion Type
- 10.2.3. By Battery Type
- 10.2.4. By Country
10.3. South America: Country Analysis
- 10.3.1. Brazil Electric Ship Market Outlook
  - 10.3.1.1. Market Size & Forecast
    - 10.3.1.1.1. By Value
  - 10.3.1.2. Market Share & Forecast
    - 10.3.1.2.1. By Carriage Type
    - 10.3.1.2.2. By Propulsion Type
    - 10.3.1.2.3. By Battery Type
- 10.3.2. Colombia Electric Ship Market Outlook
  - 10.3.2.1. Market Size & Forecast
    - 10.3.2.1.1. By Value
  - 10.3.2.2. Market Share & Forecast
    - 10.3.2.2.1. By Carriage Type
    - 10.3.2.2.2. By Propulsion Type
    - 10.3.2.2.3. By Battery Type
- 10.3.3. Argentina Electric Ship Market Outlook
  - 10.3.3.1. Market Size & Forecast
    - 10.3.3.1.1. By Value
  - 10.3.3.2. Market Share & Forecast
    - 10.3.3.2.1. By Carriage Type
    - 10.3.3.2.2. By Propulsion Type
    - 10.3.3.2.3. By Battery Type

11. Market Dynamics

11.1. Drivers
11.2. Challenges

12. Market Trends & Developments

12.1. Merger & Acquisition (If Any)
12.2. Product Launches (If Any)
12.3. Recent Developments

13. Global Electric Ship Market: SWOT Analysis

14. Porter's Five Forces Analysis

14.1. Competition in the Industry
14.2. Potential of New Entrants
14.3. Power of Suppliers
14.4. Power of Customers
14.5. Threat of Substitute Products

15. Competitive Landscape

15.1. Vision Marine Technologies Inc.
- 15.1.1. Business Overview
- 15.1.2. Products & Services
- 15.1.3. Recent Developments
- 15.1.4. Key Personnel
- 15.1.5. SWOT Analysis
15.2. Grove Boats SA
15.3. Ruban Bleu
15.4. ElectraCraft Boats
15.5. Greenline Yachts
15.6. Domani Yachts
15.7. Ganz Boats GmbH
15.8. Quadrofoil
15.9. Duffy Electric Boats
15.10. Groupe Beneteau