Global Vessel Retrofit Market 2025 by Company, Regions, Type and Application, Forecast to 2031

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Published Date: 06 Jan 2025

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Description
Table of Contents
Table of Figures
Research Methodology
Companies Mentioned
Related Reports
Product Tags

Description

According to our (Global Info Research) latest study, the global Vessel Retrofit market size was valued at US$ 5421 million in 2024 and is forecast to a readjusted size of USD 7142 million by 2031 with a CAGR of 4.0% during review period.

Ship retrofitting is the process of upgrading or modifying an existing vessel with new technology, equipment or systems to improve fuel efficiency, reduce emissions, increase performance or comply with changing environmental regulations.

This report is a detailed and comprehensive analysis for global Vessel Retrofit market. Both quantitative and qualitative analyses are presented by company, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.

Key Features:
Global Vessel Retrofit market size and forecasts, in consumption value ($ Million), 2020-2031
Global Vessel Retrofit market size and forecasts by region and country, in consumption value ($ Million), 2020-2031
Global Vessel Retrofit market size and forecasts, by Type and by Application, in consumption value ($ Million), 2020-2031
Global Vessel Retrofit market shares of main players, in revenue ($ Million), 2020-2025
The Primary Objectives in This Report Are:
To determine the size of the total market opportunity of global and key countries
To assess the growth potential for Vessel Retrofit
To forecast future growth in each product and end-use market
To assess competitive factors affecting the marketplace
This report profiles key players in the global Vessel Retrofit market based on the following parameters - company overview, revenue, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include MITSUBISHI HEAVY INDUSTRIES, LTD., ALFA LAVAL, Kongsberg Maritime, MAN Energy Solutions, ABB Group, Wärtsilä, HD Hyundai Marine Solutions Co., Ltd., YANMAR HOLDINGS Co., Ltd, DNV, Seatrium, etc.

This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.

Market segmentation
Vessel Retrofit market is split by Type and by Application. For the period 2020-2031, the growth among segments provides accurate calculations and forecasts for Consumption Value by Type and by Application. This analysis can help you expand your business by targeting qualified niche markets.

Market segment by Type
    Alternative Fuel Retrofits
    Energy Efficiency Retrofits
    Emission Control Retrofits
    Other

Market segment by Application
    Commercial Cargo Ships
    Passenger Ships
    Specialized Vessels

Market segment by players, this report covers
    MITSUBISHI HEAVY INDUSTRIES, LTD.
    ALFA LAVAL
    Kongsberg Maritime
    MAN Energy Solutions
    ABB Group
    Wärtsilä
    HD Hyundai Marine Solutions Co., Ltd.
    YANMAR HOLDINGS Co., Ltd
    DNV
    Seatrium

Market segment by regions, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia, Italy and Rest of Europe)
Asia-Pacific (China, Japan, South Korea, India, Southeast Asia and Rest of Asia-Pacific)
South America (Brazil, Rest of South America)
Middle East & Africa (Turkey, Saudi Arabia, UAE, Rest of Middle East & Africa)
The content of the study subjects, includes a total of 13 chapters:
Chapter 1, to describe Vessel Retrofit product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top players of Vessel Retrofit, with revenue, gross margin, and global market share of Vessel Retrofit from 2020 to 2025.
Chapter 3, the Vessel Retrofit competitive situation, revenue, and global market share of top players are analyzed emphatically by landscape contrast.
Chapter 4 and 5, to segment the market size by Type and by Application, with consumption value and growth rate by Type, by Application, from 2020 to 2031
Chapter 6, 7, 8, 9, and 10, to break the market size data at the country level, with revenue and market share for key countries in the world, from 2020 to 2025.and Vessel Retrofit market forecast, by regions, by Type and by Application, with consumption value, from 2026 to 2031.
Chapter 11, market dynamics, drivers, restraints, trends, Porters Five Forces analysis.
Chapter 12, the key raw materials and key suppliers, and industry chain of Vessel Retrofit.
Chapter 13, to describe Vessel Retrofit research findings and conclusion.

Table of Contents

1 Market Overview
    1.1 Product Overview and Scope
    1.2 Market Estimation Caveats and Base Year
    1.3 Classification of Vessel Retrofit by Type
        1.3.1 Overview: Global Vessel Retrofit Market Size by Type: 2020 Versus 2024 Versus 2031
        1.3.2 Global Vessel Retrofit Consumption Value Market Share by Type in 2024
        1.3.3 Alternative Fuel Retrofits
        1.3.4 Energy Efficiency Retrofits
        1.3.5 Emission Control Retrofits
        1.3.6 Other
    1.4 Global Vessel Retrofit Market by Application
        1.4.1 Overview: Global Vessel Retrofit Market Size by Application: 2020 Versus 2024 Versus 2031
        1.4.2 Commercial Cargo Ships
        1.4.3 Passenger Ships
        1.4.4 Specialized Vessels
    1.5 Global Vessel Retrofit Market Size & Forecast
    1.6 Global Vessel Retrofit Market Size and Forecast by Region
        1.6.1 Global Vessel Retrofit Market Size by Region: 2020 VS 2024 VS 2031
        1.6.2 Global Vessel Retrofit Market Size by Region, (2020-2031)
        1.6.3 North America Vessel Retrofit Market Size and Prospect (2020-2031)
        1.6.4 Europe Vessel Retrofit Market Size and Prospect (2020-2031)
        1.6.5 Asia-Pacific Vessel Retrofit Market Size and Prospect (2020-2031)
        1.6.6 South America Vessel Retrofit Market Size and Prospect (2020-2031)
        1.6.7 Middle East & Africa Vessel Retrofit Market Size and Prospect (2020-2031)

2 Company Profiles
    2.1 MITSUBISHI HEAVY INDUSTRIES, LTD.
        2.1.1 MITSUBISHI HEAVY INDUSTRIES, LTD. Details
        2.1.2 MITSUBISHI HEAVY INDUSTRIES, LTD. Major Business
        2.1.3 MITSUBISHI HEAVY INDUSTRIES, LTD. Vessel Retrofit Product and Solutions
        2.1.4 MITSUBISHI HEAVY INDUSTRIES, LTD. Vessel Retrofit Revenue, Gross Margin and Market Share (2020-2025)
        2.1.5 MITSUBISHI HEAVY INDUSTRIES, LTD. Recent Developments and Future Plans
    2.2 ALFA LAVAL
        2.2.1 ALFA LAVAL Details
        2.2.2 ALFA LAVAL Major Business
        2.2.3 ALFA LAVAL Vessel Retrofit Product and Solutions
        2.2.4 ALFA LAVAL Vessel Retrofit Revenue, Gross Margin and Market Share (2020-2025)
        2.2.5 ALFA LAVAL Recent Developments and Future Plans
    2.3 Kongsberg Maritime
        2.3.1 Kongsberg Maritime Details
        2.3.2 Kongsberg Maritime Major Business
        2.3.3 Kongsberg Maritime Vessel Retrofit Product and Solutions
        2.3.4 Kongsberg Maritime Vessel Retrofit Revenue, Gross Margin and Market Share (2020-2025)
        2.3.5 Kongsberg Maritime Recent Developments and Future Plans
    2.4 MAN Energy Solutions
        2.4.1 MAN Energy Solutions Details
        2.4.2 MAN Energy Solutions Major Business
        2.4.3 MAN Energy Solutions Vessel Retrofit Product and Solutions
        2.4.4 MAN Energy Solutions Vessel Retrofit Revenue, Gross Margin and Market Share (2020-2025)
        2.4.5 MAN Energy Solutions Recent Developments and Future Plans
    2.5 ABB Group
        2.5.1 ABB Group Details
        2.5.2 ABB Group Major Business
        2.5.3 ABB Group Vessel Retrofit Product and Solutions
        2.5.4 ABB Group Vessel Retrofit Revenue, Gross Margin and Market Share (2020-2025)
        2.5.5 ABB Group Recent Developments and Future Plans
    2.6 Wärtsilä
        2.6.1 Wärtsilä Details
        2.6.2 Wärtsilä Major Business
        2.6.3 Wärtsilä Vessel Retrofit Product and Solutions
        2.6.4 Wärtsilä Vessel Retrofit Revenue, Gross Margin and Market Share (2020-2025)
        2.6.5 Wärtsilä Recent Developments and Future Plans
    2.7 HD Hyundai Marine Solutions Co., Ltd.
        2.7.1 HD Hyundai Marine Solutions Co., Ltd. Details
        2.7.2 HD Hyundai Marine Solutions Co., Ltd. Major Business
        2.7.3 HD Hyundai Marine Solutions Co., Ltd. Vessel Retrofit Product and Solutions
        2.7.4 HD Hyundai Marine Solutions Co., Ltd. Vessel Retrofit Revenue, Gross Margin and Market Share (2020-2025)
        2.7.5 HD Hyundai Marine Solutions Co., Ltd. Recent Developments and Future Plans
    2.8 YANMAR HOLDINGS Co., Ltd
        2.8.1 YANMAR HOLDINGS Co., Ltd Details
        2.8.2 YANMAR HOLDINGS Co., Ltd Major Business
        2.8.3 YANMAR HOLDINGS Co., Ltd Vessel Retrofit Product and Solutions
        2.8.4 YANMAR HOLDINGS Co., Ltd Vessel Retrofit Revenue, Gross Margin and Market Share (2020-2025)
        2.8.5 YANMAR HOLDINGS Co., Ltd Recent Developments and Future Plans
    2.9 DNV
        2.9.1 DNV Details
        2.9.2 DNV Major Business
        2.9.3 DNV Vessel Retrofit Product and Solutions
        2.9.4 DNV Vessel Retrofit Revenue, Gross Margin and Market Share (2020-2025)
        2.9.5 DNV Recent Developments and Future Plans
    2.10 Seatrium
        2.10.1 Seatrium Details
        2.10.2 Seatrium Major Business
        2.10.3 Seatrium Vessel Retrofit Product and Solutions
        2.10.4 Seatrium Vessel Retrofit Revenue, Gross Margin and Market Share (2020-2025)
        2.10.5 Seatrium Recent Developments and Future Plans

3 Market Competition, by Players
    3.1 Global Vessel Retrofit Revenue and Share by Players (2020-2025)
    3.2 Market Share Analysis (2024)
        3.2.1 Market Share of Vessel Retrofit by Company Revenue
        3.2.2 Top 3 Vessel Retrofit Players Market Share in 2024
        3.2.3 Top 6 Vessel Retrofit Players Market Share in 2024
    3.3 Vessel Retrofit Market: Overall Company Footprint Analysis
        3.3.1 Vessel Retrofit Market: Region Footprint
        3.3.2 Vessel Retrofit Market: Company Product Type Footprint
        3.3.3 Vessel Retrofit Market: Company Product Application Footprint
    3.4 New Market Entrants and Barriers to Market Entry
    3.5 Mergers, Acquisition, Agreements, and Collaborations

4 Market Size Segment by Type
    4.1 Global Vessel Retrofit Consumption Value and Market Share by Type (2020-2025)
    4.2 Global Vessel Retrofit Market Forecast by Type (2026-2031)

5 Market Size Segment by Application
    5.1 Global Vessel Retrofit Consumption Value Market Share by Application (2020-2025)
    5.2 Global Vessel Retrofit Market Forecast by Application (2026-2031)

6 North America
    6.1 North America Vessel Retrofit Consumption Value by Type (2020-2031)
    6.2 North America Vessel Retrofit Market Size by Application (2020-2031)
    6.3 North America Vessel Retrofit Market Size by Country
        6.3.1 North America Vessel Retrofit Consumption Value by Country (2020-2031)
        6.3.2 United States Vessel Retrofit Market Size and Forecast (2020-2031)
        6.3.3 Canada Vessel Retrofit Market Size and Forecast (2020-2031)
        6.3.4 Mexico Vessel Retrofit Market Size and Forecast (2020-2031)

7 Europe
    7.1 Europe Vessel Retrofit Consumption Value by Type (2020-2031)
    7.2 Europe Vessel Retrofit Consumption Value by Application (2020-2031)
    7.3 Europe Vessel Retrofit Market Size by Country
        7.3.1 Europe Vessel Retrofit Consumption Value by Country (2020-2031)
        7.3.2 Germany Vessel Retrofit Market Size and Forecast (2020-2031)
        7.3.3 France Vessel Retrofit Market Size and Forecast (2020-2031)
        7.3.4 United Kingdom Vessel Retrofit Market Size and Forecast (2020-2031)
        7.3.5 Russia Vessel Retrofit Market Size and Forecast (2020-2031)
        7.3.6 Italy Vessel Retrofit Market Size and Forecast (2020-2031)

8 Asia-Pacific
    8.1 Asia-Pacific Vessel Retrofit Consumption Value by Type (2020-2031)
    8.2 Asia-Pacific Vessel Retrofit Consumption Value by Application (2020-2031)
    8.3 Asia-Pacific Vessel Retrofit Market Size by Region
        8.3.1 Asia-Pacific Vessel Retrofit Consumption Value by Region (2020-2031)
        8.3.2 China Vessel Retrofit Market Size and Forecast (2020-2031)
        8.3.3 Japan Vessel Retrofit Market Size and Forecast (2020-2031)
        8.3.4 South Korea Vessel Retrofit Market Size and Forecast (2020-2031)
        8.3.5 India Vessel Retrofit Market Size and Forecast (2020-2031)
        8.3.6 Southeast Asia Vessel Retrofit Market Size and Forecast (2020-2031)
        8.3.7 Australia Vessel Retrofit Market Size and Forecast (2020-2031)

9 South America
    9.1 South America Vessel Retrofit Consumption Value by Type (2020-2031)
    9.2 South America Vessel Retrofit Consumption Value by Application (2020-2031)
    9.3 South America Vessel Retrofit Market Size by Country
        9.3.1 South America Vessel Retrofit Consumption Value by Country (2020-2031)
        9.3.2 Brazil Vessel Retrofit Market Size and Forecast (2020-2031)
        9.3.3 Argentina Vessel Retrofit Market Size and Forecast (2020-2031)

10 Middle East & Africa
    10.1 Middle East & Africa Vessel Retrofit Consumption Value by Type (2020-2031)
    10.2 Middle East & Africa Vessel Retrofit Consumption Value by Application (2020-2031)
    10.3 Middle East & Africa Vessel Retrofit Market Size by Country
        10.3.1 Middle East & Africa Vessel Retrofit Consumption Value by Country (2020-2031)
        10.3.2 Turkey Vessel Retrofit Market Size and Forecast (2020-2031)
        10.3.3 Saudi Arabia Vessel Retrofit Market Size and Forecast (2020-2031)
        10.3.4 UAE Vessel Retrofit Market Size and Forecast (2020-2031)

11 Market Dynamics
    11.1 Vessel Retrofit Market Drivers
    11.2 Vessel Retrofit Market Restraints
    11.3 Vessel Retrofit Trends Analysis
    11.4 Porters Five Forces Analysis
        11.4.1 Threat of New Entrants
        11.4.2 Bargaining Power of Suppliers
        11.4.3 Bargaining Power of Buyers
        11.4.4 Threat of Substitutes
        11.4.5 Competitive Rivalry

12 Industry Chain Analysis
    12.1 Vessel Retrofit Industry Chain
    12.2 Vessel Retrofit Upstream Analysis
    12.3 Vessel Retrofit Midstream Analysis
    12.4 Vessel Retrofit Downstream Analysis

13 Research Findings and Conclusion

14 Appendix
    14.1 Methodology
    14.2 Research Process and Data Source
    14.3 Disclaimer

Table of Figures

List of Tables
 Table 1. Global Vessel Retrofit Consumption Value by Type, (USD Million), 2020 & 2024 & 2031
 Table 2. Global Vessel Retrofit Consumption Value by Application, (USD Million), 2020 & 2024 & 2031
 Table 3. Global Vessel Retrofit Consumption Value by Region (2020-2025) & (USD Million)
 Table 4. Global Vessel Retrofit Consumption Value by Region (2026-2031) & (USD Million)
 Table 5. MITSUBISHI HEAVY INDUSTRIES, LTD. Company Information, Head Office, and Major Competitors
 Table 6. MITSUBISHI HEAVY INDUSTRIES, LTD. Major Business
 Table 7. MITSUBISHI HEAVY INDUSTRIES, LTD. Vessel Retrofit Product and Solutions
 Table 8. MITSUBISHI HEAVY INDUSTRIES, LTD. Vessel Retrofit Revenue (USD Million), Gross Margin and Market Share (2020-2025)
 Table 9. MITSUBISHI HEAVY INDUSTRIES, LTD. Recent Developments and Future Plans
 Table 10. ALFA LAVAL Company Information, Head Office, and Major Competitors
 Table 11. ALFA LAVAL Major Business
 Table 12. ALFA LAVAL Vessel Retrofit Product and Solutions
 Table 13. ALFA LAVAL Vessel Retrofit Revenue (USD Million), Gross Margin and Market Share (2020-2025)
 Table 14. ALFA LAVAL Recent Developments and Future Plans
 Table 15. Kongsberg Maritime Company Information, Head Office, and Major Competitors
 Table 16. Kongsberg Maritime Major Business
 Table 17. Kongsberg Maritime Vessel Retrofit Product and Solutions
 Table 18. Kongsberg Maritime Vessel Retrofit Revenue (USD Million), Gross Margin and Market Share (2020-2025)
 Table 19. MAN Energy Solutions Company Information, Head Office, and Major Competitors
 Table 20. MAN Energy Solutions Major Business
 Table 21. MAN Energy Solutions Vessel Retrofit Product and Solutions
 Table 22. MAN Energy Solutions Vessel Retrofit Revenue (USD Million), Gross Margin and Market Share (2020-2025)
 Table 23. MAN Energy Solutions Recent Developments and Future Plans
 Table 24. ABB Group Company Information, Head Office, and Major Competitors
 Table 25. ABB Group Major Business
 Table 26. ABB Group Vessel Retrofit Product and Solutions
 Table 27. ABB Group Vessel Retrofit Revenue (USD Million), Gross Margin and Market Share (2020-2025)
 Table 28. ABB Group Recent Developments and Future Plans
 Table 29. Wärtsilä Company Information, Head Office, and Major Competitors
 Table 30. Wärtsilä Major Business
 Table 31. Wärtsilä Vessel Retrofit Product and Solutions
 Table 32. Wärtsilä Vessel Retrofit Revenue (USD Million), Gross Margin and Market Share (2020-2025)
 Table 33. Wärtsilä Recent Developments and Future Plans
 Table 34. HD Hyundai Marine Solutions Co., Ltd. Company Information, Head Office, and Major Competitors
 Table 35. HD Hyundai Marine Solutions Co., Ltd. Major Business
 Table 36. HD Hyundai Marine Solutions Co., Ltd. Vessel Retrofit Product and Solutions
 Table 37. HD Hyundai Marine Solutions Co., Ltd. Vessel Retrofit Revenue (USD Million), Gross Margin and Market Share (2020-2025)
 Table 38. HD Hyundai Marine Solutions Co., Ltd. Recent Developments and Future Plans
 Table 39. YANMAR HOLDINGS Co., Ltd Company Information, Head Office, and Major Competitors
 Table 40. YANMAR HOLDINGS Co., Ltd Major Business
 Table 41. YANMAR HOLDINGS Co., Ltd Vessel Retrofit Product and Solutions
 Table 42. YANMAR HOLDINGS Co., Ltd Vessel Retrofit Revenue (USD Million), Gross Margin and Market Share (2020-2025)
 Table 43. YANMAR HOLDINGS Co., Ltd Recent Developments and Future Plans
 Table 44. DNV Company Information, Head Office, and Major Competitors
 Table 45. DNV Major Business
 Table 46. DNV Vessel Retrofit Product and Solutions
 Table 47. DNV Vessel Retrofit Revenue (USD Million), Gross Margin and Market Share (2020-2025)
 Table 48. DNV Recent Developments and Future Plans
 Table 49. Seatrium Company Information, Head Office, and Major Competitors
 Table 50. Seatrium Major Business
 Table 51. Seatrium Vessel Retrofit Product and Solutions
 Table 52. Seatrium Vessel Retrofit Revenue (USD Million), Gross Margin and Market Share (2020-2025)
 Table 53. Seatrium Recent Developments and Future Plans
 Table 54. Global Vessel Retrofit Revenue (USD Million) by Players (2020-2025)
 Table 55. Global Vessel Retrofit Revenue Share by Players (2020-2025)
 Table 56. Breakdown of Vessel Retrofit by Company Type (Tier 1, Tier 2, and Tier 3)
 Table 57. Market Position of Players in Vessel Retrofit, (Tier 1, Tier 2, and Tier 3), Based on Revenue in 2024
 Table 58. Head Office of Key Vessel Retrofit Players
 Table 59. Vessel Retrofit Market: Company Product Type Footprint
 Table 60. Vessel Retrofit Market: Company Product Application Footprint
 Table 61. Vessel Retrofit New Market Entrants and Barriers to Market Entry
 Table 62. Vessel Retrofit Mergers, Acquisition, Agreements, and Collaborations
 Table 63. Global Vessel Retrofit Consumption Value (USD Million) by Type (2020-2025)
 Table 64. Global Vessel Retrofit Consumption Value Share by Type (2020-2025)
 Table 65. Global Vessel Retrofit Consumption Value Forecast by Type (2026-2031)
 Table 66. Global Vessel Retrofit Consumption Value by Application (2020-2025)
 Table 67. Global Vessel Retrofit Consumption Value Forecast by Application (2026-2031)
 Table 68. North America Vessel Retrofit Consumption Value by Type (2020-2025) & (USD Million)
 Table 69. North America Vessel Retrofit Consumption Value by Type (2026-2031) & (USD Million)
 Table 70. North America Vessel Retrofit Consumption Value by Application (2020-2025) & (USD Million)
 Table 71. North America Vessel Retrofit Consumption Value by Application (2026-2031) & (USD Million)
 Table 72. North America Vessel Retrofit Consumption Value by Country (2020-2025) & (USD Million)
 Table 73. North America Vessel Retrofit Consumption Value by Country (2026-2031) & (USD Million)
 Table 74. Europe Vessel Retrofit Consumption Value by Type (2020-2025) & (USD Million)
 Table 75. Europe Vessel Retrofit Consumption Value by Type (2026-2031) & (USD Million)
 Table 76. Europe Vessel Retrofit Consumption Value by Application (2020-2025) & (USD Million)
 Table 77. Europe Vessel Retrofit Consumption Value by Application (2026-2031) & (USD Million)
 Table 78. Europe Vessel Retrofit Consumption Value by Country (2020-2025) & (USD Million)
 Table 79. Europe Vessel Retrofit Consumption Value by Country (2026-2031) & (USD Million)
 Table 80. Asia-Pacific Vessel Retrofit Consumption Value by Type (2020-2025) & (USD Million)
 Table 81. Asia-Pacific Vessel Retrofit Consumption Value by Type (2026-2031) & (USD Million)
 Table 82. Asia-Pacific Vessel Retrofit Consumption Value by Application (2020-2025) & (USD Million)
 Table 83. Asia-Pacific Vessel Retrofit Consumption Value by Application (2026-2031) & (USD Million)
 Table 84. Asia-Pacific Vessel Retrofit Consumption Value by Region (2020-2025) & (USD Million)
 Table 85. Asia-Pacific Vessel Retrofit Consumption Value by Region (2026-2031) & (USD Million)
 Table 86. South America Vessel Retrofit Consumption Value by Type (2020-2025) & (USD Million)
 Table 87. South America Vessel Retrofit Consumption Value by Type (2026-2031) & (USD Million)
 Table 88. South America Vessel Retrofit Consumption Value by Application (2020-2025) & (USD Million)
 Table 89. South America Vessel Retrofit Consumption Value by Application (2026-2031) & (USD Million)
 Table 90. South America Vessel Retrofit Consumption Value by Country (2020-2025) & (USD Million)
 Table 91. South America Vessel Retrofit Consumption Value by Country (2026-2031) & (USD Million)
 Table 92. Middle East & Africa Vessel Retrofit Consumption Value by Type (2020-2025) & (USD Million)
 Table 93. Middle East & Africa Vessel Retrofit Consumption Value by Type (2026-2031) & (USD Million)
 Table 94. Middle East & Africa Vessel Retrofit Consumption Value by Application (2020-2025) & (USD Million)
 Table 95. Middle East & Africa Vessel Retrofit Consumption Value by Application (2026-2031) & (USD Million)
 Table 96. Middle East & Africa Vessel Retrofit Consumption Value by Country (2020-2025) & (USD Million)
 Table 97. Middle East & Africa Vessel Retrofit Consumption Value by Country (2026-2031) & (USD Million)
 Table 98. Global Key Players of Vessel Retrofit Upstream (Raw Materials)
 Table 99. Global Vessel Retrofit Typical Customers


List of Figures
 Figure 1. Vessel Retrofit Picture
 Figure 2. Global Vessel Retrofit Consumption Value by Type, (USD Million), 2020 & 2024 & 2031
 Figure 3. Global Vessel Retrofit Consumption Value Market Share by Type in 2024
 Figure 4. Alternative Fuel Retrofits
 Figure 5. Energy Efficiency Retrofits
 Figure 6. Emission Control Retrofits
 Figure 7. Other
 Figure 8. Global Vessel Retrofit Consumption Value by Application, (USD Million), 2020 & 2024 & 2031
 Figure 9. Vessel Retrofit Consumption Value Market Share by Application in 2024
 Figure 10. Commercial Cargo Ships Picture
 Figure 11. Passenger Ships Picture
 Figure 12. Specialized Vessels Picture
 Figure 13. Global Vessel Retrofit Consumption Value, (USD Million): 2020 & 2024 & 2031
 Figure 14. Global Vessel Retrofit Consumption Value and Forecast (2020-2031) & (USD Million)
 Figure 15. Global Market Vessel Retrofit Consumption Value (USD Million) Comparison by Region (2020 VS 2024 VS 2031)
 Figure 16. Global Vessel Retrofit Consumption Value Market Share by Region (2020-2031)
 Figure 17. Global Vessel Retrofit Consumption Value Market Share by Region in 2024
 Figure 18. North America Vessel Retrofit Consumption Value (2020-2031) & (USD Million)
 Figure 19. Europe Vessel Retrofit Consumption Value (2020-2031) & (USD Million)
 Figure 20. Asia-Pacific Vessel Retrofit Consumption Value (2020-2031) & (USD Million)
 Figure 21. South America Vessel Retrofit Consumption Value (2020-2031) & (USD Million)
 Figure 22. Middle East & Africa Vessel Retrofit Consumption Value (2020-2031) & (USD Million)
 Figure 23. Company Three Recent Developments and Future Plans
 Figure 24. Global Vessel Retrofit Revenue Share by Players in 2024
 Figure 25. Vessel Retrofit Market Share by Company Type (Tier 1, Tier 2, and Tier 3) in 2024
 Figure 26. Market Share of Vessel Retrofit by Player Revenue in 2024
 Figure 27. Top 3 Vessel Retrofit Players Market Share in 2024
 Figure 28. Top 6 Vessel Retrofit Players Market Share in 2024
 Figure 29. Global Vessel Retrofit Consumption Value Share by Type (2020-2025)
 Figure 30. Global Vessel Retrofit Market Share Forecast by Type (2026-2031)
 Figure 31. Global Vessel Retrofit Consumption Value Share by Application (2020-2025)
 Figure 32. Global Vessel Retrofit Market Share Forecast by Application (2026-2031)
 Figure 33. North America Vessel Retrofit Consumption Value Market Share by Type (2020-2031)
 Figure 34. North America Vessel Retrofit Consumption Value Market Share by Application (2020-2031)
 Figure 35. North America Vessel Retrofit Consumption Value Market Share by Country (2020-2031)
 Figure 36. United States Vessel Retrofit Consumption Value (2020-2031) & (USD Million)
 Figure 37. Canada Vessel Retrofit Consumption Value (2020-2031) & (USD Million)
 Figure 38. Mexico Vessel Retrofit Consumption Value (2020-2031) & (USD Million)
 Figure 39. Europe Vessel Retrofit Consumption Value Market Share by Type (2020-2031)
 Figure 40. Europe Vessel Retrofit Consumption Value Market Share by Application (2020-2031)
 Figure 41. Europe Vessel Retrofit Consumption Value Market Share by Country (2020-2031)
 Figure 42. Germany Vessel Retrofit Consumption Value (2020-2031) & (USD Million)
 Figure 43. France Vessel Retrofit Consumption Value (2020-2031) & (USD Million)
 Figure 44. United Kingdom Vessel Retrofit Consumption Value (2020-2031) & (USD Million)
 Figure 45. Russia Vessel Retrofit Consumption Value (2020-2031) & (USD Million)
 Figure 46. Italy Vessel Retrofit Consumption Value (2020-2031) & (USD Million)
 Figure 47. Asia-Pacific Vessel Retrofit Consumption Value Market Share by Type (2020-2031)
 Figure 48. Asia-Pacific Vessel Retrofit Consumption Value Market Share by Application (2020-2031)
 Figure 49. Asia-Pacific Vessel Retrofit Consumption Value Market Share by Region (2020-2031)
 Figure 50. China Vessel Retrofit Consumption Value (2020-2031) & (USD Million)
 Figure 51. Japan Vessel Retrofit Consumption Value (2020-2031) & (USD Million)
 Figure 52. South Korea Vessel Retrofit Consumption Value (2020-2031) & (USD Million)
 Figure 53. India Vessel Retrofit Consumption Value (2020-2031) & (USD Million)
 Figure 54. Southeast Asia Vessel Retrofit Consumption Value (2020-2031) & (USD Million)
 Figure 55. Australia Vessel Retrofit Consumption Value (2020-2031) & (USD Million)
 Figure 56. South America Vessel Retrofit Consumption Value Market Share by Type (2020-2031)
 Figure 57. South America Vessel Retrofit Consumption Value Market Share by Application (2020-2031)
 Figure 58. South America Vessel Retrofit Consumption Value Market Share by Country (2020-2031)
 Figure 59. Brazil Vessel Retrofit Consumption Value (2020-2031) & (USD Million)
 Figure 60. Argentina Vessel Retrofit Consumption Value (2020-2031) & (USD Million)
 Figure 61. Middle East & Africa Vessel Retrofit Consumption Value Market Share by Type (2020-2031)
 Figure 62. Middle East & Africa Vessel Retrofit Consumption Value Market Share by Application (2020-2031)
 Figure 63. Middle East & Africa Vessel Retrofit Consumption Value Market Share by Country (2020-2031)
 Figure 64. Turkey Vessel Retrofit Consumption Value (2020-2031) & (USD Million)
 Figure 65. Saudi Arabia Vessel Retrofit Consumption Value (2020-2031) & (USD Million)
 Figure 66. UAE Vessel Retrofit Consumption Value (2020-2031) & (USD Million)
 Figure 67. Vessel Retrofit Market Drivers
 Figure 68. Vessel Retrofit Market Restraints
 Figure 69. Vessel Retrofit Market Trends
 Figure 70. Porters Five Forces Analysis
 Figure 71. Vessel Retrofit Industrial Chain
 Figure 72. Methodology
 Figure 73. Research Process and Data Source

Research Methodology

Client Requirements

Review and analyze client requirements

Discussion of all the project requirements and queries

Flexibility Check

Project Feasibility Analysis

Finalizing tentative research programme

Structuring project proposal with scope, timeline, and costs

Analyzing Market Dynamics

Determination of key drivers, restraints, challenge, and opportunity

Identifies market needs and trends

Market Size Estimation & Forecast

Estimation of historical data based on secondary and primary data

Anticipating market recast by assigning weightage to market forces (drivers, restraints, opportunities)

Freezing historical and forecast market size estimations based on evolution, trends, outlook, and strategies

Consideration of geography, region-specific product/service demand for region segments

Consideration of product utilization rates, product demand outlook for segments by application or end-user.

Data Source

Secondary Source
Data collections from annual reports, presentations,associations, journals, analyst reports, paid database, press releases, blogs, newsletters,and GIR repositories.

Primary Source
Research discussion with manufacturers, distributors, suppliers, end user, industry experts to verify insights.

Validation and
triangulation of
secondary and primary source.

Collection of data

Cumulating and collating the essential qualitative and quantitative data

Generation of report in client requested format by research analysts

Reviews by expert analysts

Final quality check

Clarifying queries

Receiving feedback

Ensuring satisfaction

01 Identification of data

This step involves identification of several primary and secondary data research sources, including Global Info Research's internal data sources. The primary sources consist of in-depth discussions and interviews with policy makers, industry experts, and data evaluators, whereas secondary sources include a thorough study of market journals, press releases, annual reports, and government and non-government agencies websites.
02 Evaluation of Market Dynamic

This phase includes a detailed evaluation of several factors that are likely to affect the market dynamics. It involves a comprehensive assessment of major market pain points, drivers, and trends. It also comprises a detailed study of research plans and methodology.
03 Collection of Data

This process consists of gathering data, accessing proprietary databases, and reaching out to key industry participants that operate in the market across the value chain. It also involves studying several patterns in the historical data and comparing it with the current scenario.
04 Collaboration of Data

This stage involves the validation of data and arrival at actual statistics, and evolution of the market over the years. It entails the study and analyzes various segments and verticals of the market. An impact analysis is also performed to observe which factors will affect the market in the next few years.
05 Verification and Analysis

This is the final stage, which involves both quantity and quality checks. Although the process of data verification is an integral part of the research process, all data points and statistics and figures are re-checked to uphold their authenticity and validity.

Companies Mentioned

MITSUBISHI HEAVY INDUSTRIES, LTD.
ALFA LAVAL
Kongsberg Maritime
MAN Energy Solutions
ABB Group
Wärtsilä
HD Hyundai Marine Solutions Co., Ltd.
YANMAR HOLDINGS Co., Ltd
DNV
Seatrium

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