Global Vessel Retrofit Supply, Demand and Key Producers, 2025-2031
Page: 103
Published Date: 06 Jan 2025
Category: Service & Software
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Description
Table of Contents
Table of Figures
Research Methodology
Companies Mentioned
Related Reports
Product Tags
Table of Contents
Table of Figures
Research Methodology
Companies Mentioned
Related Reports
Product Tags
Description
The global Vessel Retrofit market size is expected to reach $ 7142 million by 2031, rising at a market growth of 4.0% CAGR during the forecast period (2025-2031).
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 studies the global Vessel Retrofit demand, key companies, and key regions.
This report is a detailed and comprehensive analysis of the world market for Vessel Retrofit, and provides market size (US$ million) and Year-over-Year (YoY) growth, considering 2024 as the base year. This report explores demand trends and competition, as well as details the characteristics of Vessel Retrofit that contribute to its increasing demand across many markets.
Highlights and key features of the study
Global Vessel Retrofit total market, 2020-2031, (USD Million)
Global Vessel Retrofit total market by region & country, CAGR, 2020-2031, (USD Million)
U.S. VS China: Vessel Retrofit total market, key domestic companies, and share, (USD Million)
Global Vessel Retrofit revenue by player, revenue and market share 2020-2025, (USD Million)
Global Vessel Retrofit total market by Type, CAGR, 2020-2031, (USD Million)
Global Vessel Retrofit total market by Application, CAGR, 2020-2031, (USD Million)
This report profiles major 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.
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the world Vessel Retrofit market
Detailed Segmentation:
Each section contains quantitative market data including market by value (US$ Millions), by player, by regions, by Type, and by Application. Data is given for the years 2020-2031 by year with 2024 as the base year, 2025 as the estimate year, and 2026-2031 as the forecast year.
Global Vessel Retrofit Market, By Region:
United States
China
Europe
Japan
South Korea
ASEAN
India
Rest of World
Global Vessel Retrofit Market, Segmentation by Type
Alternative Fuel Retrofits
Energy Efficiency Retrofits
Emission Control Retrofits
Other
Global Vessel Retrofit Market, Segmentation by Application:
Commercial Cargo Ships
Passenger Ships
Specialized Vessels
Companies Profiled:
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
Key Questions Answered
1. How big is the global Vessel Retrofit market?
2. What is the demand of the global Vessel Retrofit market?
3. What is the year over year growth of the global Vessel Retrofit market?
4. What is the total value of the global Vessel Retrofit market?
5. Who are the Major Players in the global Vessel Retrofit market?
6. What are the growth factors driving the market demand?
Table of Contents
1 Supply Summary
1.1 Vessel Retrofit Introduction
1.2 World Vessel Retrofit Market Size & Forecast (2020 & 2024 & 2031)
1.3 World Vessel Retrofit Total Market by Region (by Headquarter Location)
1.3.1 World Vessel Retrofit Market Size by Region (2020-2031), (by Headquarter Location)
1.3.2 United States Based Company Vessel Retrofit Revenue (2020-2031)
1.3.3 China Based Company Vessel Retrofit Revenue (2020-2031)
1.3.4 Europe Based Company Vessel Retrofit Revenue (2020-2031)
1.3.5 Japan Based Company Vessel Retrofit Revenue (2020-2031)
1.3.6 South Korea Based Company Vessel Retrofit Revenue (2020-2031)
1.3.7 ASEAN Based Company Vessel Retrofit Revenue (2020-2031)
1.3.8 India Based Company Vessel Retrofit Revenue (2020-2031)
1.4 Market Drivers, Restraints and Trends
1.4.1 Vessel Retrofit Market Drivers
1.4.2 Factors Affecting Demand
1.4.3 Major Market Trends
2.1 World Vessel Retrofit Consumption Value (2020-2031)
2.2 World Vessel Retrofit Consumption Value by Region
2.2.1 World Vessel Retrofit Consumption Value by Region (2020-2025)
2.2.2 World Vessel Retrofit Consumption Value Forecast by Region (2026-2031)
2.3 United States Vessel Retrofit Consumption Value (2020-2031)
2.4 China Vessel Retrofit Consumption Value (2020-2031)
2.5 Europe Vessel Retrofit Consumption Value (2020-2031)
2.6 Japan Vessel Retrofit Consumption Value (2020-2031)
2.7 South Korea Vessel Retrofit Consumption Value (2020-2031)
2.8 ASEAN Vessel Retrofit Consumption Value (2020-2031)
2.9 India Vessel Retrofit Consumption Value (2020-2031)
3.1 World Vessel Retrofit Revenue by Player (2020-2025)
3.2 Industry Rank and Concentration Rate (CR)
3.2.1 Global Vessel Retrofit Industry Rank of Major Players
3.2.2 Global Concentration Ratios (CR4) for Vessel Retrofit in 2024
3.2.3 Global Concentration Ratios (CR8) for Vessel Retrofit in 2024
3.3 Vessel Retrofit Company Evaluation Quadrant
3.4 Vessel Retrofit Market: Overall Company Footprint Analysis
3.4.1 Vessel Retrofit Market: Region Footprint
3.4.2 Vessel Retrofit Market: Company Product Type Footprint
3.4.3 Vessel Retrofit Market: Company Product Application Footprint
3.5 Competitive Environment
3.5.1 Historical Structure of the Industry
3.5.2 Barriers of Market Entry
3.5.3 Factors of Competition
3.6 Mergers & Acquisitions Activity
4.1 United States VS China: Vessel Retrofit Revenue Comparison (by Headquarter Location)
4.1.1 United States VS China: Vessel Retrofit Revenue Comparison (2020 & 2024 & 2031) (by Headquarter Location)
4.1.2 United States VS China: Vessel Retrofit Revenue Market Share Comparison (2020 & 2024 & 2031)
4.2 United States Based Companies VS China Based Companies: Vessel Retrofit Consumption Value Comparison
4.2.1 United States VS China: Vessel Retrofit Consumption Value Comparison (2020 & 2024 & 2031)
4.2.2 United States VS China: Vessel Retrofit Consumption Value Market Share Comparison (2020 & 2024 & 2031)
4.3 United States Based Vessel Retrofit Companies and Market Share, 2020-2025
4.3.1 United States Based Vessel Retrofit Companies, Headquarters (States, Country)
4.3.2 United States Based Companies Vessel Retrofit Revenue, (2020-2025)
4.4 China Based Companies Vessel Retrofit Revenue and Market Share, 2020-2025
4.4.1 China Based Vessel Retrofit Companies, Company Headquarters (Province, Country)
4.4.2 China Based Companies Vessel Retrofit Revenue, (2020-2025)
4.5 Rest of World Based Vessel Retrofit Companies and Market Share, 2020-2025
4.5.1 Rest of World Based Vessel Retrofit Companies, Headquarters (Province, Country)
4.5.2 Rest of World Based Companies Vessel Retrofit Revenue (2020-2025)
5.1 World Vessel Retrofit Market Size Overview by Type: 2020 VS 2024 VS 2031
5.2 Segment Introduction by Type
5.2.1 Alternative Fuel Retrofits
5.2.2 Energy Efficiency Retrofits
5.2.3 Emission Control Retrofits
5.2.4 Other
5.3 Market Segment by Type
5.3.1 World Vessel Retrofit Market Size by Type (2020-2025)
5.3.2 World Vessel Retrofit Market Size by Type (2026-2031)
5.3.3 World Vessel Retrofit Market Size Market Share by Type (2026-2031)
6.1 World Vessel Retrofit Market Size Overview by Application: 2020 VS 2024 VS 2031
6.2 Segment Introduction by Application
6.2.1 Commercial Cargo Ships
6.2.2 Passenger Ships
6.2.3 Specialized Vessels
6.3 Market Segment by Application
6.3.1 World Vessel Retrofit Market Size by Application (2020-2025)
6.3.2 World Vessel Retrofit Market Size by Application (2026-2031)
6.3.3 World Vessel Retrofit Market Size Market Share by Application (2020-2031)
7.1 MITSUBISHI HEAVY INDUSTRIES, LTD.
7.1.1 MITSUBISHI HEAVY INDUSTRIES, LTD. Details
7.1.2 MITSUBISHI HEAVY INDUSTRIES, LTD. Major Business
7.1.3 MITSUBISHI HEAVY INDUSTRIES, LTD. Vessel Retrofit Product and Services
7.1.4 MITSUBISHI HEAVY INDUSTRIES, LTD. Vessel Retrofit Revenue, Gross Margin and Market Share (2020-2025)
7.1.5 MITSUBISHI HEAVY INDUSTRIES, LTD. Recent Developments/Updates
7.1.6 MITSUBISHI HEAVY INDUSTRIES, LTD. Competitive Strengths & Weaknesses
7.2 ALFA LAVAL
7.2.1 ALFA LAVAL Details
7.2.2 ALFA LAVAL Major Business
7.2.3 ALFA LAVAL Vessel Retrofit Product and Services
7.2.4 ALFA LAVAL Vessel Retrofit Revenue, Gross Margin and Market Share (2020-2025)
7.2.5 ALFA LAVAL Recent Developments/Updates
7.2.6 ALFA LAVAL Competitive Strengths & Weaknesses
7.3 Kongsberg Maritime
7.3.1 Kongsberg Maritime Details
7.3.2 Kongsberg Maritime Major Business
7.3.3 Kongsberg Maritime Vessel Retrofit Product and Services
7.3.4 Kongsberg Maritime Vessel Retrofit Revenue, Gross Margin and Market Share (2020-2025)
7.3.5 Kongsberg Maritime Recent Developments/Updates
7.3.6 Kongsberg Maritime Competitive Strengths & Weaknesses
7.4 MAN Energy Solutions
7.4.1 MAN Energy Solutions Details
7.4.2 MAN Energy Solutions Major Business
7.4.3 MAN Energy Solutions Vessel Retrofit Product and Services
7.4.4 MAN Energy Solutions Vessel Retrofit Revenue, Gross Margin and Market Share (2020-2025)
7.4.5 MAN Energy Solutions Recent Developments/Updates
7.4.6 MAN Energy Solutions Competitive Strengths & Weaknesses
7.5 ABB Group
7.5.1 ABB Group Details
7.5.2 ABB Group Major Business
7.5.3 ABB Group Vessel Retrofit Product and Services
7.5.4 ABB Group Vessel Retrofit Revenue, Gross Margin and Market Share (2020-2025)
7.5.5 ABB Group Recent Developments/Updates
7.5.6 ABB Group Competitive Strengths & Weaknesses
7.6 Wärtsilä
7.6.1 Wärtsilä Details
7.6.2 Wärtsilä Major Business
7.6.3 Wärtsilä Vessel Retrofit Product and Services
7.6.4 Wärtsilä Vessel Retrofit Revenue, Gross Margin and Market Share (2020-2025)
7.6.5 Wärtsilä Recent Developments/Updates
7.6.6 Wärtsilä Competitive Strengths & Weaknesses
7.7 HD Hyundai Marine Solutions Co., Ltd.
7.7.1 HD Hyundai Marine Solutions Co., Ltd. Details
7.7.2 HD Hyundai Marine Solutions Co., Ltd. Major Business
7.7.3 HD Hyundai Marine Solutions Co., Ltd. Vessel Retrofit Product and Services
7.7.4 HD Hyundai Marine Solutions Co., Ltd. Vessel Retrofit Revenue, Gross Margin and Market Share (2020-2025)
7.7.5 HD Hyundai Marine Solutions Co., Ltd. Recent Developments/Updates
7.7.6 HD Hyundai Marine Solutions Co., Ltd. Competitive Strengths & Weaknesses
7.8 YANMAR HOLDINGS Co., Ltd
7.8.1 YANMAR HOLDINGS Co., Ltd Details
7.8.2 YANMAR HOLDINGS Co., Ltd Major Business
7.8.3 YANMAR HOLDINGS Co., Ltd Vessel Retrofit Product and Services
7.8.4 YANMAR HOLDINGS Co., Ltd Vessel Retrofit Revenue, Gross Margin and Market Share (2020-2025)
7.8.5 YANMAR HOLDINGS Co., Ltd Recent Developments/Updates
7.8.6 YANMAR HOLDINGS Co., Ltd Competitive Strengths & Weaknesses
7.9 DNV
7.9.1 DNV Details
7.9.2 DNV Major Business
7.9.3 DNV Vessel Retrofit Product and Services
7.9.4 DNV Vessel Retrofit Revenue, Gross Margin and Market Share (2020-2025)
7.9.5 DNV Recent Developments/Updates
7.9.6 DNV Competitive Strengths & Weaknesses
7.10 Seatrium
7.10.1 Seatrium Details
7.10.2 Seatrium Major Business
7.10.3 Seatrium Vessel Retrofit Product and Services
7.10.4 Seatrium Vessel Retrofit Revenue, Gross Margin and Market Share (2020-2025)
7.10.5 Seatrium Recent Developments/Updates
7.10.6 Seatrium Competitive Strengths & Weaknesses
8.1 Vessel Retrofit Industry Chain
8.2 Vessel Retrofit Upstream Analysis
8.3 Vessel Retrofit Midstream Analysis
8.4 Vessel Retrofit Downstream Analysis
10.1 Methodology
10.2 Research Process and Data Source
10.3 Disclaimer
Table of Figures
List of Tables
Table 1. World Vessel Retrofit Revenue by Region (2020, 2024 and 2031) & (USD Million), (by Headquarter Location)
Table 2. World Vessel Retrofit Revenue by Region (2020-2025) & (USD Million), (by Headquarter Location)
Table 3. World Vessel Retrofit Revenue by Region (2026-2031) & (USD Million), (by Headquarter Location)
Table 4. World Vessel Retrofit Revenue Market Share by Region (2020-2025), (by Headquarter Location)
Table 5. World Vessel Retrofit Revenue Market Share by Region (2026-2031), (by Headquarter Location)
Table 6. Major Market Trends
Table 7. World Vessel Retrofit Consumption Value Growth Rate Forecast by Region (2020 & 2024 & 2031) & (USD Million)
Table 8. World Vessel Retrofit Consumption Value by Region (2020-2025) & (USD Million)
Table 9. World Vessel Retrofit Consumption Value Forecast by Region (2026-2031) & (USD Million)
Table 10. World Vessel Retrofit Revenue by Player (2020-2025) & (USD Million)
Table 11. Revenue Market Share of Key Vessel Retrofit Players in 2024
Table 12. World Vessel Retrofit Industry Rank of Major Player, Based on Revenue in 2024
Table 13. Global Vessel Retrofit Company Evaluation Quadrant
Table 14. Head Office of Key Vessel Retrofit Players
Table 15. Vessel Retrofit Market: Company Product Type Footprint
Table 16. Vessel Retrofit Market: Company Product Application Footprint
Table 17. Vessel Retrofit Mergers & Acquisitions Activity
Table 18. United States VS China Vessel Retrofit Revenue Comparison, (2020 & 2024 & 2031) & (USD Million)
Table 19. United States VS China Vessel Retrofit Consumption Value Comparison, (2020 & 2024 & 2031) & (USD Million)
Table 20. United States Based Vessel Retrofit Companies, Headquarters (States, Country)
Table 21. United States Based Companies Vessel Retrofit Revenue, (2020-2025) & (USD Million)
Table 22. United States Based Companies Vessel Retrofit Revenue Market Share (2020-2025)
Table 23. China Based Vessel Retrofit Companies, Headquarters (Province, Country)
Table 24. China Based Companies Vessel Retrofit Revenue, (2020-2025) & (USD Million)
Table 25. China Based Companies Vessel Retrofit Revenue Market Share (2020-2025)
Table 26. Rest of World Based Vessel Retrofit Companies, Headquarters (Province, Country)
Table 27. Rest of World Based Companies Vessel Retrofit Revenue (2020-2025) & (USD Million)
Table 28. Rest of World Based Companies Vessel Retrofit Revenue Market Share (2020-2025)
Table 29. World Vessel Retrofit Market Size by Type, (USD Million), 2020 & 2024 & 2031
Table 30. World Vessel Retrofit Market Size Value by Type (2020-2025) & (USD Million)
Table 31. World Vessel Retrofit Market Size by Type (2026-2031) & (USD Million)
Table 32. World Vessel Retrofit Market Size by Application, (USD Million), 2020 & 2024 & 2031
Table 33. World Vessel Retrofit Market Size by Application (2020-2025) & (USD Million)
Table 34. World Vessel Retrofit Market Size by Application (2026-2031) & (USD Million)
Table 35. MITSUBISHI HEAVY INDUSTRIES, LTD. Basic Information, Manufacturing Base and Competitors
Table 36. MITSUBISHI HEAVY INDUSTRIES, LTD. Major Business
Table 37. MITSUBISHI HEAVY INDUSTRIES, LTD. Vessel Retrofit Product and Services
Table 38. MITSUBISHI HEAVY INDUSTRIES, LTD. Vessel Retrofit Revenue, Gross Margin and Market Share (2020-2025) & (USD Million)
Table 39. MITSUBISHI HEAVY INDUSTRIES, LTD. Recent Developments/Updates
Table 40. MITSUBISHI HEAVY INDUSTRIES, LTD. Competitive Strengths & Weaknesses
Table 41. ALFA LAVAL Basic Information, Manufacturing Base and Competitors
Table 42. ALFA LAVAL Major Business
Table 43. ALFA LAVAL Vessel Retrofit Product and Services
Table 44. ALFA LAVAL Vessel Retrofit Revenue, Gross Margin and Market Share (2020-2025) & (USD Million)
Table 45. ALFA LAVAL Recent Developments/Updates
Table 46. ALFA LAVAL Competitive Strengths & Weaknesses
Table 47. Kongsberg Maritime Basic Information, Manufacturing Base and Competitors
Table 48. Kongsberg Maritime Major Business
Table 49. Kongsberg Maritime Vessel Retrofit Product and Services
Table 50. Kongsberg Maritime Vessel Retrofit Revenue, Gross Margin and Market Share (2020-2025) & (USD Million)
Table 51. Kongsberg Maritime Recent Developments/Updates
Table 52. Kongsberg Maritime Competitive Strengths & Weaknesses
Table 53. MAN Energy Solutions Basic Information, Manufacturing Base and Competitors
Table 54. MAN Energy Solutions Major Business
Table 55. MAN Energy Solutions Vessel Retrofit Product and Services
Table 56. MAN Energy Solutions Vessel Retrofit Revenue, Gross Margin and Market Share (2020-2025) & (USD Million)
Table 57. MAN Energy Solutions Recent Developments/Updates
Table 58. MAN Energy Solutions Competitive Strengths & Weaknesses
Table 59. ABB Group Basic Information, Manufacturing Base and Competitors
Table 60. ABB Group Major Business
Table 61. ABB Group Vessel Retrofit Product and Services
Table 62. ABB Group Vessel Retrofit Revenue, Gross Margin and Market Share (2020-2025) & (USD Million)
Table 63. ABB Group Recent Developments/Updates
Table 64. ABB Group Competitive Strengths & Weaknesses
Table 65. Wärtsilä Basic Information, Manufacturing Base and Competitors
Table 66. Wärtsilä Major Business
Table 67. Wärtsilä Vessel Retrofit Product and Services
Table 68. Wärtsilä Vessel Retrofit Revenue, Gross Margin and Market Share (2020-2025) & (USD Million)
Table 69. Wärtsilä Recent Developments/Updates
Table 70. Wärtsilä Competitive Strengths & Weaknesses
Table 71. HD Hyundai Marine Solutions Co., Ltd. Basic Information, Manufacturing Base and Competitors
Table 72. HD Hyundai Marine Solutions Co., Ltd. Major Business
Table 73. HD Hyundai Marine Solutions Co., Ltd. Vessel Retrofit Product and Services
Table 74. HD Hyundai Marine Solutions Co., Ltd. Vessel Retrofit Revenue, Gross Margin and Market Share (2020-2025) & (USD Million)
Table 75. HD Hyundai Marine Solutions Co., Ltd. Recent Developments/Updates
Table 76. HD Hyundai Marine Solutions Co., Ltd. Competitive Strengths & Weaknesses
Table 77. YANMAR HOLDINGS Co., Ltd Basic Information, Manufacturing Base and Competitors
Table 78. YANMAR HOLDINGS Co., Ltd Major Business
Table 79. YANMAR HOLDINGS Co., Ltd Vessel Retrofit Product and Services
Table 80. YANMAR HOLDINGS Co., Ltd Vessel Retrofit Revenue, Gross Margin and Market Share (2020-2025) & (USD Million)
Table 81. YANMAR HOLDINGS Co., Ltd Recent Developments/Updates
Table 82. YANMAR HOLDINGS Co., Ltd Competitive Strengths & Weaknesses
Table 83. DNV Basic Information, Manufacturing Base and Competitors
Table 84. DNV Major Business
Table 85. DNV Vessel Retrofit Product and Services
Table 86. DNV Vessel Retrofit Revenue, Gross Margin and Market Share (2020-2025) & (USD Million)
Table 87. DNV Recent Developments/Updates
Table 88. DNV Competitive Strengths & Weaknesses
Table 89. Seatrium Basic Information, Manufacturing Base and Competitors
Table 90. Seatrium Major Business
Table 91. Seatrium Vessel Retrofit Product and Services
Table 92. Seatrium Vessel Retrofit Revenue, Gross Margin and Market Share (2020-2025) & (USD Million)
Table 93. Seatrium Recent Developments/Updates
Table 94. Seatrium Competitive Strengths & Weaknesses
Table 95. Global Key Players of Vessel Retrofit Upstream (Raw Materials)
Table 96. Global Vessel Retrofit Typical Customers
List of Figures
Figure 1. Vessel Retrofit Picture
Figure 2. World Vessel Retrofit Total Revenue: 2020 & 2024 & 2031, (USD Million)
Figure 3. World Vessel Retrofit Total Revenue (2020-2031) & (USD Million)
Figure 4. World Vessel Retrofit Revenue by Region (2020, 2024 and 2031) & (USD Million), (by Headquarter Location)
Figure 5. World Vessel Retrofit Revenue Market Share by Region (2020-2031), (by Headquarter Location)
Figure 6. United States Based Company Vessel Retrofit Revenue (2020-2031) & (USD Million)
Figure 7. China Based Company Vessel Retrofit Revenue (2020-2031) & (USD Million)
Figure 8. Europe Based Company Vessel Retrofit Revenue (2020-2031) & (USD Million)
Figure 9. Japan Based Company Vessel Retrofit Revenue (2020-2031) & (USD Million)
Figure 10. South Korea Based Company Vessel Retrofit Revenue (2020-2031) & (USD Million)
Figure 11. ASEAN Based Company Vessel Retrofit Revenue (2020-2031) & (USD Million)
Figure 12. India Based Company Vessel Retrofit Revenue (2020-2031) & (USD Million)
Figure 13. Vessel Retrofit Market Drivers
Figure 14. Factors Affecting Demand
Figure 15. World Vessel Retrofit Consumption Value (2020-2031) & (USD Million)
Figure 16. World Vessel Retrofit Consumption Value Market Share by Region (2020-2031)
Figure 17. United States Vessel Retrofit Consumption Value (2020-2031) & (USD Million)
Figure 18. China Vessel Retrofit Consumption Value (2020-2031) & (USD Million)
Figure 19. Europe Vessel Retrofit Consumption Value (2020-2031) & (USD Million)
Figure 20. Japan Vessel Retrofit Consumption Value (2020-2031) & (USD Million)
Figure 21. South Korea Vessel Retrofit Consumption Value (2020-2031) & (USD Million)
Figure 22. ASEAN Vessel Retrofit Consumption Value (2020-2031) & (USD Million)
Figure 23. India Vessel Retrofit Consumption Value (2020-2031) & (USD Million)
Figure 24. Producer Shipments of Vessel Retrofit by Player Revenue ($MM) and Market Share (%): 2024
Figure 25. Global Four-firm Concentration Ratios (CR4) for Vessel Retrofit Markets in 2024
Figure 26. Global Four-firm Concentration Ratios (CR8) for Vessel Retrofit Markets in 2024
Figure 27. United States VS China: Vessel Retrofit Revenue Market Share Comparison (2020 & 2024 & 2031)
Figure 28. United States VS China: Vessel Retrofit Consumption Value Market Share Comparison (2020 & 2024 & 2031)
Figure 29. World Vessel Retrofit Market Size by Type, (USD Million), 2020 & 2024 & 2031
Figure 30. World Vessel Retrofit Market Size Market Share by Type in 2024
Figure 31. Alternative Fuel Retrofits
Figure 32. Energy Efficiency Retrofits
Figure 33. Emission Control Retrofits
Figure 34. Other
Figure 35. World Vessel Retrofit Market Size Market Share by Type (2020-2031)
Figure 36. World Vessel Retrofit Market Size by Application, (USD Million), 2020 & 2024 & 2031
Figure 37. World Vessel Retrofit Market Size Market Share by Application in 2024
Figure 38. Commercial Cargo Ships
Figure 39. Passenger Ships
Figure 40. Specialized Vessels
Figure 41. World Vessel Retrofit Market Size Market Share by Application (2020-2031)
Figure 42. Vessel Retrofit Industrial Chain
Figure 43. Methodology
Figure 44. 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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