The global market for Ship Propulsion Motor was estimated to be worth US$ 6.02 million in 2024 and is forecast to a readjusted size of US$ 11.55 million by 2031 with a CAGR of 9.7% during the forecast period 2025-2031.
This report provides a comprehensive assessment of recent tariff adjustments and international strategic countermeasures on Ship Propulsion Motor cross-border industrial footprints, capital allocation patterns, regional economic interdependencies, and supply chain reconfigurations.
Ship Propulsion Motor refers to an electric motor dedicated to driving ship propellers, converting electrical energy into mechanical energy to propel the ship. Its core features are high torque output, wide speed range, adaptability to complex working conditions (such as reversal, overload), and must meet special requirements such as corrosion resistance and explosion resistance in the ship environment. In 2024, global Ship Propulsion Motor production reached approximately 432 units, with an average global market price of around k US$ 15.35 per unit.
The ship propulsion motor market is in the stage of triple resonance of "policy + technology + demand": environmental protection regulations force traditional power replacement, localization breakthroughs reduce system costs, and multi-scenario penetration (research/inland rivers/leisure) opens up incremental space. The short-term challenge lies in cost reduction and infrastructure improvement, while the long-term evolution is towards zero-carbon fuel integration and intelligent control. With technological independence and cost advantages, Chinese companies are expected to dominate the global green ship wave.
This report aims to provide a comprehensive presentation of the global market for Ship Propulsion Motor, focusing on the total sales volume, sales revenue, price, key companies market share and ranking, together with an analysis of Ship Propulsion Motor by region & country, by Type, and by Application.
The Ship Propulsion Motor market size, estimations, and forecasts are provided in terms of sales volume (Units) and sales revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. With both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Ship Propulsion Motor.
Market Segmentation
By Company
- ABB
- Siemens
- TECO
- TMEIC
- CSSC Fenxi Heavy Industry Co., Ltd
- SEC ELECTRIC MACHINERY
- Zhejiang Zhongyuan Electric
- Xemc
- Dezhou Hengli Motor Co., Ltd.
Segment by Type
- Permanent Magnet Synchronous Motor
- AC Asynchronous Motor
- AC Synchronous Motor
- Others
Segment by Structural Form
- Pod Propulsion Motor
- Shaft Propulsion Motor
Segment by Application
- Pure Battery Propulsion System
- Prime Mover Power Generation Propulsion System
- Hybrid Electric Propulsion System
By Region
- North America
- Asia-Pacific
- China
- Japan
- South Korea
- Southeast Asia
- India
- Australia
- Rest of Asia-Pacific
- Europe
- Germany
- France
- U.K.
- Italy
- Netherlands
- Nordic Countries
- Rest of Europe
- Latin America
- Mexico
- Brazil
- Rest of Latin America
- Middle East & Africa
- Turkey
- Saudi Arabia
- UAE
- Rest of MEA
Chapter Outline
Chapter 1: Introduces the report scope of the report, global total market size (value, volume and price). This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 2: Detailed analysis of Ship Propulsion Motor manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 5: Sales, revenue of Ship Propulsion Motor in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 6: Sales, revenue of Ship Propulsion Motor in country level. It provides sigmate data by Type, and by Application for each country/region.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.
Table of Contents
1 Market Overview
- 1.1 Ship Propulsion Motor Product Introduction
- 1.2 Global Ship Propulsion Motor Market Size Forecast
- 1.2.1 Global Ship Propulsion Motor Sales Value (2020-2031)
- 1.2.2 Global Ship Propulsion Motor Sales Volume (2020-2031)
- 1.2.3 Global Ship Propulsion Motor Sales Price (2020-2031)
- 1.3 Ship Propulsion Motor Market Trends & Drivers
- 1.3.1 Ship Propulsion Motor Industry Trends
- 1.3.2 Ship Propulsion Motor Market Drivers & Opportunity
- 1.3.3 Ship Propulsion Motor Market Challenges
- 1.3.4 Ship Propulsion Motor Market Restraints
- 1.4 Assumptions and Limitations
- 1.5 Study Objectives
- 1.6 Years Considered
2 Competitive Analysis by Company
- 2.1 Global Ship Propulsion Motor Players Revenue Ranking (2024)
- 2.2 Global Ship Propulsion Motor Revenue by Company (2020-2025)
- 2.3 Global Ship Propulsion Motor Players Sales Volume Ranking (2024)
- 2.4 Global Ship Propulsion Motor Sales Volume by Company Players (2020-2025)
- 2.5 Global Ship Propulsion Motor Average Price by Company (2020-2025)
- 2.6 Key Manufacturers Ship Propulsion Motor Manufacturing Base and Headquarters
- 2.7 Key Manufacturers Ship Propulsion Motor Product Offered
- 2.8 Key Manufacturers Time to Begin Mass Production of Ship Propulsion Motor
- 2.9 Ship Propulsion Motor Market Competitive Analysis
- 2.9.1 Ship Propulsion Motor Market Concentration Rate (2020-2025)
- 2.9.2 Global 5 and 10 Largest Manufacturers by Ship Propulsion Motor Revenue in 2024
- 2.9.3 Global Top Manufacturers by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Ship Propulsion Motor as of 2024)
- 2.10 Mergers & Acquisitions, Expansion
3 Segmentation by Type
- 3.1 Introduction by Type
- 3.1.1 Permanent Magnet Synchronous Motor
- 3.1.2 AC Asynchronous Motor
- 3.1.3 AC Synchronous Motor
- 3.1.4 Others
- 3.2 Global Ship Propulsion Motor Sales Value by Type
- 3.2.1 Global Ship Propulsion Motor Sales Value by Type (2020 VS 2024 VS 2031)
- 3.2.2 Global Ship Propulsion Motor Sales Value, by Type (2020-2031)
- 3.2.3 Global Ship Propulsion Motor Sales Value, by Type (%) (2020-2031)
- 3.3 Global Ship Propulsion Motor Sales Volume by Type
- 3.3.1 Global Ship Propulsion Motor Sales Volume by Type (2020 VS 2024 VS 2031)
- 3.3.2 Global Ship Propulsion Motor Sales Volume, by Type (2020-2031)
- 3.3.3 Global Ship Propulsion Motor Sales Volume, by Type (%) (2020-2031)
- 3.4 Global Ship Propulsion Motor Average Price by Type (2020-2031)
4 Segmentation by Structural Form
- 4.1 Introduction by Structural Form
- 4.1.1 Pod Propulsion Motor
- 4.1.2 Shaft Propulsion Motor
- 4.2 Global Ship Propulsion Motor Sales Value by Structural Form
- 4.2.1 Global Ship Propulsion Motor Sales Value by Structural Form (2020 VS 2024 VS 2031)
- 4.2.2 Global Ship Propulsion Motor Sales Value, by Structural Form (2020-2031)
- 4.2.3 Global Ship Propulsion Motor Sales Value, by Structural Form (%) (2020-2031)
- 4.3 Global Ship Propulsion Motor Sales Volume by Structural Form
- 4.3.1 Global Ship Propulsion Motor Sales Volume by Structural Form (2020 VS 2024 VS 2031)
- 4.3.2 Global Ship Propulsion Motor Sales Volume, by Structural Form (2020-2031)
- 4.3.3 Global Ship Propulsion Motor Sales Volume, by Structural Form (%) (2020-2031)
- 4.4 Global Ship Propulsion Motor Average Price by Structural Form (2020-2031)
5 Segmentation by Application
- 5.1 Introduction by Application
- 5.1.1 Pure Battery Propulsion System
- 5.1.2 Prime Mover Power Generation Propulsion System
- 5.1.3 Hybrid Electric Propulsion System
- 5.2 Global Ship Propulsion Motor Sales Value by Application
- 5.2.1 Global Ship Propulsion Motor Sales Value by Application (2020 VS 2024 VS 2031)
- 5.2.2 Global Ship Propulsion Motor Sales Value, by Application (2020-2031)
- 5.2.3 Global Ship Propulsion Motor Sales Value, by Application (%) (2020-2031)
- 5.3 Global Ship Propulsion Motor Sales Volume by Application
- 5.3.1 Global Ship Propulsion Motor Sales Volume by Application (2020 VS 2024 VS 2031)
- 5.3.2 Global Ship Propulsion Motor Sales Volume, by Application (2020-2031)
- 5.3.3 Global Ship Propulsion Motor Sales Volume, by Application (%) (2020-2031)
- 5.4 Global Ship Propulsion Motor Average Price by Application (2020-2031)
6 Segmentation by Region
- 6.1 Global Ship Propulsion Motor Sales Value by Region
- 6.1.1 Global Ship Propulsion Motor Sales Value by Region: 2020 VS 2024 VS 2031
- 6.1.2 Global Ship Propulsion Motor Sales Value by Region (2020-2025)
- 6.1.3 Global Ship Propulsion Motor Sales Value by Region (2026-2031)
- 6.1.4 Global Ship Propulsion Motor Sales Value by Region (%), (2020-2031)
- 6.2 Global Ship Propulsion Motor Sales Volume by Region
- 6.2.1 Global Ship Propulsion Motor Sales Volume by Region: 2020 VS 2024 VS 2031
- 6.2.2 Global Ship Propulsion Motor Sales Volume by Region (2020-2025)
- 6.2.3 Global Ship Propulsion Motor Sales Volume by Region (2026-2031)
- 6.2.4 Global Ship Propulsion Motor Sales Volume by Region (%), (2020-2031)
- 6.3 Global Ship Propulsion Motor Average Price by Region (2020-2031)
- 6.4 North America
- 6.4.1 North America Ship Propulsion Motor Sales Value, 2020-2031
- 6.4.2 North America Ship Propulsion Motor Sales Value by Country (%), 2024 VS 2031
- 6.5 Europe
- 6.5.1 Europe Ship Propulsion Motor Sales Value, 2020-2031
- 6.5.2 Europe Ship Propulsion Motor Sales Value by Country (%), 2024 VS 2031
- 6.6 Asia Pacific
- 6.6.1 Asia Pacific Ship Propulsion Motor Sales Value, 2020-2031
- 6.6.2 Asia Pacific Ship Propulsion Motor Sales Value by Region (%), 2024 VS 2031
- 6.7 South America
- 6.7.1 South America Ship Propulsion Motor Sales Value, 2020-2031
- 6.7.2 South America Ship Propulsion Motor Sales Value by Country (%), 2024 VS 2031
- 6.8 Middle East & Africa
- 6.8.1 Middle East & Africa Ship Propulsion Motor Sales Value, 2020-2031
- 6.8.2 Middle East & Africa Ship Propulsion Motor Sales Value by Country (%), 2024 VS 2031
7 Segmentation by Key Countries/Regions
- 7.1 Key Countries/Regions Ship Propulsion Motor Sales Value Growth Trends, 2020 VS 2024 VS 2031
- 7.2 Key Countries/Regions Ship Propulsion Motor Sales Value and Sales Volume
- 7.2.1 Key Countries/Regions Ship Propulsion Motor Sales Value, 2020-2031
- 7.2.2 Key Countries/Regions Ship Propulsion Motor Sales Volume, 2020-2031
- 7.3 United States
- 7.3.1 United States Ship Propulsion Motor Sales Value, 2020-2031
- 7.3.2 United States Ship Propulsion Motor Sales Value by Type (%), 2024 VS 2031
- 7.3.3 United States Ship Propulsion Motor Sales Value by Application, 2024 VS 2031
- 7.4 Europe
- 7.4.1 Europe Ship Propulsion Motor Sales Value, 2020-2031
- 7.4.2 Europe Ship Propulsion Motor Sales Value by Type (%), 2024 VS 2031
- 7.4.3 Europe Ship Propulsion Motor Sales Value by Application, 2024 VS 2031
- 7.5 China
- 7.5.1 China Ship Propulsion Motor Sales Value, 2020-2031
- 7.5.2 China Ship Propulsion Motor Sales Value by Type (%), 2024 VS 2031
- 7.5.3 China Ship Propulsion Motor Sales Value by Application, 2024 VS 2031
- 7.6 Japan
- 7.6.1 Japan Ship Propulsion Motor Sales Value, 2020-2031
- 7.6.2 Japan Ship Propulsion Motor Sales Value by Type (%), 2024 VS 2031
- 7.6.3 Japan Ship Propulsion Motor Sales Value by Application, 2024 VS 2031
- 7.7 South Korea
- 7.7.1 South Korea Ship Propulsion Motor Sales Value, 2020-2031
- 7.7.2 South Korea Ship Propulsion Motor Sales Value by Type (%), 2024 VS 2031
- 7.7.3 South Korea Ship Propulsion Motor Sales Value by Application, 2024 VS 2031
- 7.8 Southeast Asia
- 7.8.1 Southeast Asia Ship Propulsion Motor Sales Value, 2020-2031
- 7.8.2 Southeast Asia Ship Propulsion Motor Sales Value by Type (%), 2024 VS 2031
- 7.8.3 Southeast Asia Ship Propulsion Motor Sales Value by Application, 2024 VS 2031
- 7.9 India
- 7.9.1 India Ship Propulsion Motor Sales Value, 2020-2031
- 7.9.2 India Ship Propulsion Motor Sales Value by Type (%), 2024 VS 2031
- 7.9.3 India Ship Propulsion Motor Sales Value by Application, 2024 VS 2031
8 Company Profiles
- 8.1 ABB
- 8.1.1 ABB Company Information
- 8.1.2 ABB Introduction and Business Overview
- 8.1.3 ABB Ship Propulsion Motor Sales, Revenue, Price and Gross Margin (2020-2025)
- 8.1.4 ABB Ship Propulsion Motor Product Offerings
- 8.1.5 ABB Recent Development
- 8.2 Siemens
- 8.2.1 Siemens Company Information
- 8.2.2 Siemens Introduction and Business Overview
- 8.2.3 Siemens Ship Propulsion Motor Sales, Revenue, Price and Gross Margin (2020-2025)
- 8.2.4 Siemens Ship Propulsion Motor Product Offerings
- 8.2.5 Siemens Recent Development
- 8.3 TECO
- 8.3.1 TECO Company Information
- 8.3.2 TECO Introduction and Business Overview
- 8.3.3 TECO Ship Propulsion Motor Sales, Revenue, Price and Gross Margin (2020-2025)
- 8.3.4 TECO Ship Propulsion Motor Product Offerings
- 8.3.5 TECO Recent Development
- 8.4 TMEIC
- 8.4.1 TMEIC Company Information
- 8.4.2 TMEIC Introduction and Business Overview
- 8.4.3 TMEIC Ship Propulsion Motor Sales, Revenue, Price and Gross Margin (2020-2025)
- 8.4.4 TMEIC Ship Propulsion Motor Product Offerings
- 8.4.5 TMEIC Recent Development
- 8.5 CSSC Fenxi Heavy Industry Co., Ltd
- 8.5.1 CSSC Fenxi Heavy Industry Co., Ltd Company Information
- 8.5.2 CSSC Fenxi Heavy Industry Co., Ltd Introduction and Business Overview
- 8.5.3 CSSC Fenxi Heavy Industry Co., Ltd Ship Propulsion Motor Sales, Revenue, Price and Gross Margin (2020-2025)
- 8.5.4 CSSC Fenxi Heavy Industry Co., Ltd Ship Propulsion Motor Product Offerings
- 8.5.5 CSSC Fenxi Heavy Industry Co., Ltd Recent Development
- 8.6 SEC ELECTRIC MACHINERY
- 8.6.1 SEC ELECTRIC MACHINERY Company Information
- 8.6.2 SEC ELECTRIC MACHINERY Introduction and Business Overview
- 8.6.3 SEC ELECTRIC MACHINERY Ship Propulsion Motor Sales, Revenue, Price and Gross Margin (2020-2025)
- 8.6.4 SEC ELECTRIC MACHINERY Ship Propulsion Motor Product Offerings
- 8.6.5 SEC ELECTRIC MACHINERY Recent Development
- 8.7 Zhejiang Zhongyuan Electric
- 8.7.1 Zhejiang Zhongyuan Electric Company Information
- 8.7.2 Zhejiang Zhongyuan Electric Introduction and Business Overview
- 8.7.3 Zhejiang Zhongyuan Electric Ship Propulsion Motor Sales, Revenue, Price and Gross Margin (2020-2025)
- 8.7.4 Zhejiang Zhongyuan Electric Ship Propulsion Motor Product Offerings
- 8.7.5 Zhejiang Zhongyuan Electric Recent Development
- 8.8 Xemc
- 8.8.1 Xemc Company Information
- 8.8.2 Xemc Introduction and Business Overview
- 8.8.3 Xemc Ship Propulsion Motor Sales, Revenue, Price and Gross Margin (2020-2025)
- 8.8.4 Xemc Ship Propulsion Motor Product Offerings
- 8.8.5 Xemc Recent Development
- 8.9 Dezhou Hengli Motor Co., Ltd.
- 8.9.1 Dezhou Hengli Motor Co., Ltd. Company Information
- 8.9.2 Dezhou Hengli Motor Co., Ltd. Introduction and Business Overview
- 8.9.3 Dezhou Hengli Motor Co., Ltd. Ship Propulsion Motor Sales, Revenue, Price and Gross Margin (2020-2025)
- 8.9.4 Dezhou Hengli Motor Co., Ltd. Ship Propulsion Motor Product Offerings
- 8.9.5 Dezhou Hengli Motor Co., Ltd. Recent Development
9 Industry Chain Analysis
- 9.1 Ship Propulsion Motor Industrial Chain
- 9.2 Ship Propulsion Motor Upstream Analysis
- 9.2.1 Key Raw Materials
- 9.2.2 Raw Materials Key Suppliers
- 9.2.3 Manufacturing Cost Structure
- 9.3 Midstream Analysis
- 9.4 Downstream Analysis (Customers Analysis)
- 9.5 Sales Model and Sales Channels
- 9.5.1 Ship Propulsion Motor Sales Model
- 9.5.2 Sales Channel
- 9.5.3 Ship Propulsion Motor Distributors
10 Research Findings and Conclusion
11 Appendix
- 11.1 Research Methodology
- 11.1.1 Methodology/Research Approach
- 11.1.1.1 Research Programs/Design
- 11.1.1.2 Market Size Estimation
- 11.1.1.3 Market Breakdown and Data Triangulation
- 11.1.2 Data Source
- 11.1.2.1 Secondary Sources
- 11.1.2.2 Primary Sources
- 11.2 Author Details
- 11.3 Disclaimer