Table of Content

1 INTRODUCTION (Page No. - 30)
    1.1 STUDY OBJECTIVES 
    1.2 MARKET DEFINITION 
    1.3 INCLUSIONS AND EXCLUSIONS 
           1.3.1 MARINE VFD MARKET, BY VOLTAGE
           1.3.2 MARINE VFD MARKET, BY APPLICATION
           1.3.3 MARINE VFD MARKET, BY TYPE
           1.3.4 MARINE VFD MARKET, BY END USER
    1.4 MARKET SCOPE 
           1.4.1 MARKETS COVERED
           1.4.2 REGIONAL SCOPE
           1.4.3 YEARS CONSIDERED
           1.4.4 CURRENCY CONSIDERED
    1.5 LIMITATIONS 
    1.6 STAKEHOLDERS 
    1.7 SUMMARY OF CHANGES 
    1.8 RECESSION IMPACT 
2 RESEARCH METHODOLOGY (Page No. - 36)
    2.1 RESEARCH DATA 
           FIGURE 1 MARINE VFD MARKET: RESEARCH DESIGN
    2.2 MARKET BREAKDOWN AND DATA TRIANGULATION 
           FIGURE 2 DATA TRIANGULATION
           2.2.1 SECONDARY DATA
                    2.2.1.1 Key data from secondary sources
           2.2.2 PRIMARY DATA
                    2.2.2.1 Key data from primary sources
                    2.2.2.2 Breakdown of primaries
    2.3 SCOPE 
           FIGURE 3 MAIN METRICS CONSIDERED TO ANALYZE AND ASSESS DEMAND  FOR MARINE VFDS
    2.4 MARKET SIZE ESTIMATION 
           2.4.1 BOTTOM-UP APPROACH
                    FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
           2.4.2 TOP-DOWN APPROACH
                    FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
           2.4.3 DEMAND-SIDE ANALYSIS
                    2.4.3.1 Regional analysis
                    2.4.3.2 Country-level analysis
                    2.4.3.3 Assumptions for demand-side analysis
                    2.4.3.4 Calculations for demand-side analysis
           2.4.4 SUPPLY-SIDE ANALYSIS
                    FIGURE 6 KEY STEPS CONSIDERED TO ASSESS SUPPLY OF MARINE VFDS
                    FIGURE 7 MARINE VFD MARKET: SUPPLY-SIDE ANALYSIS
                    2.4.4.1 Calculations for supply-side analysis
                    2.4.4.2 Assumptions for supply-side analysis
                               FIGURE 8 COMPANY REVENUE ANALYSIS, 2022
           2.4.5 FORECAST
    2.5 RISK ASSESSMENT 
    2.6 IMPACT OF RECESSION 
3 EXECUTIVE SUMMARY (Page No. - 48)
    TABLE 1 MARINE VFD MARKET SNAPSHOT 
    FIGURE 9 ASIA PACIFIC TO REGISTER HIGHEST CAGR IN MARINE VFD MARKET DURING FORECAST PERIOD 
    FIGURE 10 RETROFIT SEGMENT TO LEAD MARINE VFD MARKET DURING FORECAST PERIOD 
    FIGURE 11 LOW VOLTAGE SEGMENT TO DOMINATE MARINE VFD MARKET DURING FORECAST PERIOD 
    FIGURE 12 MARINE SHIPS SEGMENT TO LEAD MARINE VFD MARKET DURING FORECAST PERIOD 
    FIGURE 13 PUMP SEGMENT TO LEAD MARINE VFD MARKET DURING FORECAST PERIOD 
4 PREMIUM INSIGHTS (Page No. - 52)
    4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN MARINE  VFD MARKET 
           FIGURE 14 RISING ADOPTION OF ENERGY-EFFICIENT SYSTEMS IN MARITIME SECTOR
    4.2 MARINE VFD MARKET, BY REGION 
           FIGURE 15 ASIA PACIFIC TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
    4.3 NORTH AMERICAN MARINE VFD MARKET, BY END USER AND COUNTRY 
           FIGURE 16 MARINE SHIPS SEGMENT AND US HELD LARGEST SHARES OF NORTH AMERICAN MARINE VFD MARKET IN 2022
    4.4 MARINE VFD MARKET, BY TYPE 
           FIGURE 17 RETROFIT SEGMENT TO DOMINATE MARINE VFD MARKET IN 2030
    4.5 MARINE VFD MARKET, BY VOLTAGE 
           FIGURE 18 LOW VOLTAGE SEGMENT TO ACCOUNT FOR LARGER SHARE OF MARINE  VFD MARKET IN 2030
    4.6 MARINE VFD MARKET, BY END USER 
           FIGURE 19 MARINE SHIPS SEGMENT TO ACCOUNT FOR LARGER SHARE OF MARINE VFD MARKET IN 2030
    4.7 MARINE VFD MARKET, BY APPLICATION 
           FIGURE 20 PUMP SEGMENT TO ACCOUNT FOR LARGEST SHARE OF MARINE VFD MARKET  IN 2030
5 MARKET OVERVIEW (Page No. - 56)
    5.1 INTRODUCTION 
    5.2 MARKET DYNAMICS 
           FIGURE 21 MARINE VFD MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
           5.2.1 DRIVERS
                    5.2.1.1 Increasing demand for energy-efficient systems in maritime vessels
                               TABLE 2 MEASURES UNDERTAKEN TO ENHANCE ENERGY EFFICIENCY OF SHIPS
                               FIGURE 22 GLOBAL MERCHANT VESSEL FLEET, 2018–2023 (NUMBER OF SHIPS)
                    5.2.1.2 Expanding shipbuilding industry
                               FIGURE 23 INCREMENTAL CARGO DEMAND, 2015–2024
           5.2.2 RESTRAINTS
                    5.2.2.1 High installation cost
                    5.2.2.2 Dependence on heavy liquid fuels
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Growing adoption of electric and hybrid propulsion systems
                               FIGURE 24 USE OF ALTERNATIVE FUELS IN GLOBAL MARINE FLEET, 2022  (NUMBER OF SHIPS)
                    5.2.3.2 Technological advancements in remote monitoring of VFDs
           5.2.4 CHALLENGES
                    5.2.4.1 Undeveloped port infrastructure
                    5.2.4.2 Shortage of components and parts attributed to supply chain disruptions
    5.3 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES 
           FIGURE 25 REVENUE SHIFTS AND NEW REVENUE POCKETS FOR PLAYERS IN MARINE VFD MARKET
    5.4 ECOSYSTEM ANALYSIS 
           TABLE 3 COMPANIES AND THEIR ROLE IN MARINE VFD ECOSYSTEM
           FIGURE 26 MARINE VFD MARKET: ECOSYSTEM ANALYSIS
    5.5 VALUE CHAIN ANALYSIS 
           FIGURE 27 MARINE VFD MARKET: VALUE CHAIN ANALYSIS
           5.5.1 RAW MATERIAL PROVIDERS/SUPPLIERS/COMPONENT MANUFACTURERS
           5.5.2 MARINE VFD MANUFACTURERS/ASSEMBLERS
           5.5.3 DISTRIBUTORS/RESELLERS
           5.5.4 END USERS
           5.5.5 MAINTENANCE/SERVICE PROVIDERS
    5.6 PRICING ANALYSIS 
           FIGURE 28 AVERAGE SELLING PRICE (ASP) OF MARINE VFDS, BY VOLTAGE, 2020, 2021, 2022, AND 2030 (USD/UNIT)
           TABLE 4 AVERAGE SELLING PRICE (ASP) OF MARINE VFDS, BY VOLTAGE, 2020, 2021,  2022, AND 2030 (USD/UNIT)
           TABLE 5 AVERAGE SELLING PRICE (ASP) TREND, BY REGION, 2020, 2021, 2022,  AND 2030 (USD/UNIT)
           FIGURE 29 AVERAGE SELLING PRICE (ASP) TREND, BY REGION, 2020, 2021,  2022, AND 2030
    5.7 TECHNOLOGY ANALYSIS 
           5.7.1 WIRELESS DIAGNOSTIC
           5.7.2 MODULAR MEMORY
           5.7.3 PREDICTIVE MAINTENANCE
           5.7.4 POWER ELECTRONICS
    5.8 TARIFF ANALYSIS 
           TABLE 6 TARIFF LEVIED ON ELECTRIC MOTORS AND GENERATORS, 2022
    5.9 REGULATORY LANDSCAPE 
           TABLE 7 MARINE VFD MARKET: EUROPE REGULATIONS
           TABLE 8 MARINE VFD MARKET: ASIA PACIFIC REGULATIONS
           TABLE 9 MARINE VFD MARKET: NORTH AMERICA REGULATIONS
           TABLE 10 MARINE VFD MARKET: INTERNATIONAL REGULATIONS
           TABLE 11 INTERNATIONAL: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
           TABLE 12 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
           TABLE 13 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
           TABLE 14 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
    5.10 PATENT ANALYSIS 
           TABLE 15 MARINE VFD MARKET: INNOVATIONS AND PATENT REGISTRATIONS
    5.11 TRADE ANALYSIS 
           5.11.1 EXPORT DATA
                    TABLE 16 EXPORT DATA FOR PRODUCTS UNDER HS CODE: 8501, BY COUNTRY,  2020–2022 (USD THOUSAND)
                    FIGURE 30 EXPORT DATA FOR PRODUCTS UNDER HS CODE: 8501, BY KEY COUNTRY, 2020–2022 (USD THOUSAND)
           5.11.2 IMPORT DATA
                    TABLE 17 IMPORT DATA FOR PRODUCTS UNDER HS CODE: 8501, BY COUNTRY,  2020–2022 (USD THOUSAND)
                    FIGURE 31 IMPORT DATA FOR PRODUCTS UNDER HS CODE: 8501, BY KEY COUNTRY, 2020–2022 (USD THOUSAND)
    5.12 KEY CONFERENCES AND EVENTS, 2023–2024 
                    TABLE 18 MARINE VFD MARKET: LIST OF CONFERENCES AND EVENTS
    5.13 CASE STUDY ANALYSIS 
           5.13.1 DANFOSS PROVIDED MODULAR VACON 3000 DRIVE KIT TO ENHANCE PERFORMANCE OF INBOARD DREDGE PUMP OF DEME AND ELEVATE ENERGY EFFICIENCY
           5.13.2 HAREID GROUP EMPLOYED ABB DRIVES IN SHORE POWER SOLUTIONS TO DELIVER ENVIRONMENTALLY FRIENDLY ELECTRICAL POWER TO VESSELS
           5.13.3 SCHOTTEL GROUP HIRED INVERTEK DRIVES FAR EAST PTE LTD TO DELIVER VFD FOR PROPULSION APPLICATION
    5.14 PORTER’S FIVE FORCES ANALYSIS 
                    TABLE 19 MARINE VFD MARKET: PORTER’S FIVE FORCES ANALYSIS
                    FIGURE 32 MARINE VFD MARKET: PORTER’S FIVE FORCES ANALYSIS
           5.14.1 THREAT OF SUBSTITUTES
           5.14.2 BARGAINING POWER OF SUPPLIERS
           5.14.3 BARGAINING POWER OF BUYERS
           5.14.4 THREAT OF NEW ENTRANTS
           5.14.5 INTENSITY OF COMPETITIVE RIVALRY
    5.15 KEY STAKEHOLDERS AND BUYING CRITERIA 
           5.15.1 KEY STAKEHOLDERS IN BUYING PROCESS
                    FIGURE 33 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TWO KEY END USERS
                    TABLE 20 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TWO KEY END USERS (%)
           5.15.2 BUYING CRITERIA
                    FIGURE 34 KEY BUYING CRITERIA FOR TWO KEY END USERS
                    TABLE 21 KEY BUYING CRITERIA FOR TWO KEY END USERS
6 MARINE VFD MARKET, BY APPLICATION (Page No. - 87)
    6.1 INTRODUCTION 
           FIGURE 35 MARINE VFD MARKET, BY APPLICATION, 2022
           TABLE 22 MARINE VFD MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
           TABLE 23 MARINE VFD MARKET, BY APPLICATION, 2023–2030 (USD MILLION)
    6.2 PUMP 
           6.2.1 USED TO ENHANCE OPERATIONAL EFFICIENCY OF PUMPS AND MITIGATE MECHANICAL STRESS
                    TABLE 24 PUMP: MARINE VFD MARKET, BY REGION, 2019–2022 (USD MILLION)
                    TABLE 25 PUMP: MARINE VFD MARKET, BY REGION, 2023–2030 (USD MILLION)
    6.3 PROPULSION 
           6.3.1 HELP CONTROL SPEED AND POWER OUTPUT OF AC ELECTRIC MOTORS THAT DRIVE PROPELLERS OF VESSELS
                    TABLE 26 PROPULSION: MARINE VFD MARKET, BY REGION, 2019–2022 (USD MILLION)
                    TABLE 27 PROPULSION: MARINE VFD MARKET, BY REGION, 2023–2030 (USD MILLION)
    6.4 FAN 
           6.4.1 OFFER PRECISE CONTROL OVER FAN SPEED TO MAKE ADJUSTMENTS TO MATCH VARYING VENTILATION REQUIREMENTS OF DIFFERENT SHIP COMPARTMENTS AND CONDITIONS
                    TABLE 28 FAN: MARINE VFD MARKET, BY REGION, 2019–2022 (USD MILLION)
                    TABLE 29 FAN: MARINE VFD MARKET, BY REGION, 2023–2030 (USD MILLION)
    6.5 COMPRESSOR 
           6.5.1 HELP REDUCE POWER CONSUMPTION, EXTEND EQUIPMENT LIFESPAN, AND LOWER MAINTENANCE COST
                    TABLE 30 COMPRESSOR: MARINE VFD MARKET, BY REGION, 2019–2022 (USD MILLION)
                    TABLE 31 COMPRESSOR: MARINE VFD MARKET, BY REGION, 2023–2030 (USD MILLION)
    6.6 CRANE & HOIST 
           6.6.1 FACILITATE EFFECTIVE CARGO HANDLING AND ALLOW OPERATORS FINE-TUNE LIFTING SPEEDS AND LOAD CAPACITIES
                    TABLE 32 CRANE & HOIST: MARINE VFD MARKET, BY REGION, 2019–2022 (USD MILLION)
                    TABLE 33 CRANE & HOIST: MARINE VFD MARKET, BY REGION, 2023–2030 (USD MILLION)
    6.7 WINCH 
           6.7.1 REGULATE SPEED AND PERFORMANCE OF AC MOTORS DRIVING WINCHES
                    TABLE 34 WINCH: MARINE VFD MARKET, BY REGION, 2019–2022 (USD MILLION)
                    TABLE 35 WINCH: MARINE VFD MARKET, BY REGION, 2023–2030 (USD MILLION)
    6.8 HVAC 
           6.8.1 ENSURE ENERGY EFFICIENCY BY ADAPTING EQUIPMENT OPERATION TO REAL-TIME DEMAND
                    TABLE 36 HVAC: MARINE VFD MARKET, BY REGION, 2019–2022 (USD MILLION)
                    TABLE 37 HVAC: MARINE VFD MARKET, BY REGION, 2023–2030 (USD MILLION)
    6.9 STEERING 
           6.9.1 IMPERATIVE TO ATTAIN PRECISE AND RESPONSIVE CONTROL OVER VESSEL DIRECTION
                    TABLE 38 STEERING: MARINE VFD MARKET, BY REGION, 2019–2022 (USD MILLION)
                    TABLE 39 STEERING: MARINE VFD MARKET, BY REGION, 2023–2030 (USD MILLION)
    6.10 SCRUBBER 
           6.10.1 OPTIMIZE EFFICIENCY OF SCRUBBERS IN REMOVING SULFUR DIOXIDE AND OTHER POLLUTANTS FROM EXHAUST GASES OF VESSELS
                    TABLE 40 SCRUBBER: MARINE VFD MARKET, BY REGION, 2019–2022 (USD MILLION)
                    TABLE 41 SCRUBBER: MARINE VFD MARKET, BY REGION, 2023–2030 (USD MILLION)
    6.11 SHAFT GENERATOR 
           6.11.1 REDUCE WEAR AND TEAR AND ENSURE RELIABLE POWER SUPPLY
                    TABLE 42 SHAFT GENERATOR: MARINE VFD MARKET, BY REGION, 2019–2022 (USD MILLION)
                    TABLE 43 SHAFT GENERATOR: MARINE VFD MARKET, BY REGION, 2023–2030 (USD MILLION)
    6.12 POWER ELECTRONICS 
           6.12.1 ENABLE EFFICIENT BATTERY CHARGING, OPTIMIZED UTILIZATION OF SHORE CONNECTIONS, AND ENHANCED STABILITY WITHIN DC GRIDS
                    TABLE 44 POWER ELECTRONICS: MARINE VFD MARKET, BY REGION, 2019–2022 (USD MILLION)
                    TABLE 45 POWER ELECTRONICS: MARINE VFD MARKET, BY REGION, 2023–2030 (USD MILLION)
7 MARINE VFD MARKET, BY TYPE (Page No. - 101)
    7.1 INTRODUCTION 
           FIGURE 36 MARINE VFD MARKET, BY TYPE, 2022
           TABLE 46 MARINE VFD MARKET, BY TYPE, 2019–2022 (USD MILLION)
           TABLE 47 MARINE VFD MARKET, BY TYPE, 2023–2030 (USD MILLION)
    7.2 NEW 
           7.2.1 INCREASING REQUIREMENT FOR PRECISE AND DYNAMIC CONTROL IN MARITIME SECTOR
                    TABLE 48 NEW: MARINE VFD MARKET, BY REGION, 2019–2022 (USD MILLION)
                    TABLE 49 NEW: MARINE VFD MARKET, BY REGION, 2023–2030 (USD MILLION)
    7.3 RETROFIT 
           7.3.1 GROWING USE OF VFDS TO EXTEND OPERATIONAL LIFE OF VESSELS BY IMPROVING RELIABILITY OF CRITICAL SYSTEMS
                    TABLE 50 RETROFIT: MARINE VFD MARKET, BY REGION, 2019–2022 (USD MILLION)
                    TABLE 51 RETROFIT: MARINE VFD MARKET, BY REGION, 2023–2030 (USD MILLION)
8 MARINE VFD MARKET, BY VOLTAGE (Page No. - 105)
    8.1 INTRODUCTION 
           FIGURE 37 MARINE VFD MARKET, BY VOLTAGE, 2022
           TABLE 52 MARINE VFD MARKET, BY VOLTAGE, 2019–2022 (USD MILLION)
           TABLE 53 MARINE VFD MARKET, BY VOLTAGE, 2023–2030 (USD MILLION)
    8.2 LOW VOLTAGE 
           8.2.1 RISING DEPLOYMENT OF LOW VOLTAGE VFDS ON CRITICAL SYSTEMS TO ACHIEVE COST SAVINGS AND REDUCE EMISSIONS
                    TABLE 54 LOW VOLTAGE: MARINE VFD MARKET, BY REGION, 2019–2022 (USD MILLION)
                    TABLE 55 LOW VOLTAGE: MARINE VFD MARKET, BY REGION, 2023–2030 (USD MILLION)
    8.3 MEDIUM VOLTAGE 
           8.3.1 CAPABILITY TO OPTIMIZE ENERGY CONSUMPTION AND ENSURE SEAMLESS VOLTAGE COMPATIBILITY WITH MEDIUM VOLTAGE ELECTRICAL SYSTEMS
                    TABLE 56 MEDIUM VOLTAGE: MARINE VFD MARKET, BY REGION, 2019–2022 (USD MILLION)
                    TABLE 57 MEDIUM VOLTAGE: MARINE VFD MARKET, BY REGION, 2023–2030 (USD MILLION)
9 MARINE VFD MARKET, BY END USER (Page No. - 109)
    9.1 INTRODUCTION 
           FIGURE 38 MARINE VFD MARKET, BY END USER, 2022
           TABLE 58 MARINE VFD MARKET, BY END USER, 2019–2022 (USD MILLION)
           TABLE 59 MARINE VFD MARKET, BY END USER, 2023–2030 (USD MILLION)
    9.2 MARINE SHIPS 
           9.2.1 USED TO OPTIMIZE ENERGY USAGE BY PRECISELY CONTROLLING ELECTRICAL SYSTEMS ON SHIPS
                    TABLE 60 MARINE SHIPS: MARINE VFD MARKET, BY REGION, 2019–2022 (USD MILLION)
                    TABLE 61 MARINE SHIPS: MARINE VFD MARKET, BY REGION, 2023–2030 (USD MILLION)
    9.3 OFFSHORE PLATFORMS 
           9.3.1 USED IN OFFSHORE PLATFORMS TO ENHANCE ENERGY EFFICIENCY BY PRECISELY REGULATING CRITICAL ELECTRICAL SYSTEMS
                    TABLE 62 OFFSHORE PLATFORMS: MARINE VFD MARKET, BY REGION, 2019–2022 (USD MILLION)
                    TABLE 63 OFFSHORE PLATFORMS: MARINE VFD MARKET, BY REGION, 2023–2030 (USD MILLION)
10 MARINE VFD MARKET, BY REGION (Page No. - 113)
     10.1 INTRODUCTION 
               FIGURE 39 ASIA PACIFIC MARINE VFD MARKET TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
               FIGURE 40 MARINE VFD MARKET, BY REGION, 2022 (%)
               TABLE 64 MARINE VFD MARKET, BY REGION, 2019–2022 (USD MILLION)
               TABLE 65 MARINE VFD MARKET, BY REGION, 2023–2030 (USD MILLION)
               TABLE 66 MARINE VFD MARKET, BY REGION, 2019–2022 (THOUSAND UNITS)
               TABLE 67 MARINE VFD MARKET, BY REGION, 2023–2030 (THOUSAND UNITS)
     10.2 ASIA PACIFIC 
               FIGURE 41 ASIA PACIFIC: MARINE VFD MARKET SNAPSHOT
             10.2.1 ASIA PACIFIC: RECESSION IMPACT
             10.2.2 BY TYPE
                       TABLE 68 ASIA PACIFIC: MARINE VFD MARKET, BY TYPE, 2019–2022 (USD MILLION)
                       TABLE 69 ASIA PACIFIC: MARINE VFD MARKET, BY TYPE, 2023–2030 (USD MILLION)
             10.2.3 BY VOLTAGE
                       TABLE 70 ASIA PACIFIC: MARINE VFD MARKET, BY VOLTAGE, 2019–2022 (USD MILLION)
                       TABLE 71 ASIA PACIFIC: MARINE VFD MARKET, BY VOLTAGE, 2023–2030 (USD MILLION)
             10.2.4 BY END USER
                       TABLE 72 ASIA PACIFIC: MARINE VFD MARKET, BY END USER, 2019–2022 (USD MILLION)
                       TABLE 73 ASIA PACIFIC: MARINE VFD MARKET, BY END USER, 2023–2030 (USD MILLION)
             10.2.5 BY APPLICATION
                       TABLE 74 ASIA PACIFIC: MARINE VFD MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
                       TABLE 75 ASIA PACIFIC: MARINE VFD MARKET, BY APPLICATION, 2023–2030 (USD MILLION)
             10.2.6 BY COUNTRY
                       TABLE 76 ASIA PACIFIC: MARINE VFD MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
                       TABLE 77 ASIA PACIFIC: MARINE VFD MARKET, BY COUNTRY, 2023–2030 (USD MILLION)
             10.2.7 CHINA
                       10.2.7.1 Rising port infrastructure development investments
                                   TABLE 78 CHINA: MARINE VFD MARKET, BY END USER, 2019–2022 (USD MILLION)
                                   TABLE 79 CHINA: MARINE VFD MARKET, BY END USER, 2023–2030 (USD MILLION)
             10.2.8 JAPAN
                       10.2.8.1 High emphasis on slashing CO2 emissions and aligning with eco-friendly shipping agenda
                                   TABLE 80 JAPAN: MARINE VFD MARKET, BY END USER, 2019–2022 (USD MILLION)
                                   TABLE 81 JAPAN: MARINE VFD MARKET, BY END USER, 2023–2030 (USD MILLION)
             10.2.9 REST OF ASIA PACIFIC
                       TABLE 82 REST OF ASIA PACIFIC: MARINE VFD MARKET, BY END USER, 2019–2022 (USD MILLION)
                       TABLE 83 REST OF ASIA PACIFIC: MARINE VFD MARKET, BY END USER, 2023–2030 (USD MILLION)
     10.3 EUROPE 
               FIGURE 42 EUROPE: MARINE VFD MARKET SNAPSHOT
             10.3.1 EUROPE: RECESSION IMPACT
             10.3.2 BY TYPE
                       TABLE 84 EUROPE: MARINE VFD MARKET, BY TYPE, 2019–2022 (USD MILLION)
                       TABLE 85 EUROPE: MARINE VFD MARKET, BY TYPE, 2023–2030 (USD MILLION)
             10.3.3 BY VOLTAGE
                       TABLE 86 EUROPE: MARINE VFD MARKET, BY VOLTAGE, 2019–2022 (USD MILLION)
                       TABLE 87 EUROPE: MARINE VFD MARKET, BY VOLTAGE, 2023–2030 (USD MILLION)
             10.3.4 BY END USER
                       TABLE 88 EUROPE: MARINE VFD MARKET, BY END USER, 2019–2022 (USD MILLION)
                       TABLE 89 EUROPE: MARINE VFD MARKET, BY END USER, 2023–2030 (USD MILLION)
             10.3.5 BY APPLICATION
                       TABLE 90 EUROPE: MARINE VFD MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
                       TABLE 91 EUROPE: MARINE VFD MARKET, BY APPLICATION, 2023–2030 (USD MILLION)
             10.3.6 BY COUNTRY
                       TABLE 92 EUROPE: MARINE VFD MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
                       TABLE 93 EUROPE: MARINE VFD MARKET, BY COUNTRY, 2023–2030 (USD MILLION)
             10.3.7 GERMANY
                       10.3.7.1 Government-led incentives and subsidies for increasing adoption of eco-friendly maritime technologies
                                   TABLE 94 GERMANY: MARINE VFD MARKET, BY END USER, 2019–2022 (USD MILLION)
                                   TABLE 95 GERMANY: MARINE VFD MARKET, BY END USER, 2023–2030 (USD MILLION)
             10.3.8 UK
                       10.3.8.1 Strong commitment to sustainable future and technological advancements
                                   TABLE 96 UK: MARINE VFD MARKET, BY END USER, 2019–2022 (USD MILLION)
                                   TABLE 97 UK: MARINE VFD MARKET, BY END USER, 2023–2030 (USD MILLION)
             10.3.9 FRANCE
                       10.3.9.1 Relevant collaborations and partnerships in maritime sector
                                   TABLE 98 FRANCE: MARINE VFD MARKET, BY END USER, 2019–2022 (USD MILLION)
                                   TABLE 99 FRANCE: MARINE VFD MARKET, BY END USER, 2023–2030 (USD MILLION)
               10.3.10 ITALY
            10.3.10.1 Technological innovations and shift toward renewable energy
                                   TABLE 100 ITALY: MARINE VFD MARKET, BY END USER, 2019–2022 (USD MILLION)
                                   TABLE 101 ITALY: MARINE VFD MARKET, BY END USER, 2023–2030 (USD MILLION)
               10.3.11 SPAIN
            10.3.11.1 Shift toward cleaner fuels
                                   TABLE 102 SPAIN: MARINE VFD MARKET, BY END USER, 2019–2022 (USD MILLION)
                                   TABLE 103 SPAIN: MARINE VFD MARKET, BY END USER, 2023–2030 (USD MILLION)
               10.3.12 NORWAY
            10.3.12.1 Presence of stringent environmental regulations
                                   TABLE 104 NORWAY: MARINE VFD MARKET, BY END USER, 2019–2022 (USD MILLION)
                                   TABLE 105 NORWAY: MARINE VFD MARKET, BY END USER, 2023–2030 (USD MILLION)
               10.3.13 DENMARK
            10.3.13.1 Growing adoption of energy-efficient technologies and focus on adhering to environmental compliances
                                   TABLE 106 DENMARK: MARINE VFD MARKET, BY END USER, 2019–2022 (USD MILLION)
                                   TABLE 107 DENMARK: MARINE VFD MARKET, BY END USER, 2023–2030 (USD MILLION)
               10.3.14 SWEDEN
            10.3.14.1 Integration of VFDs and other electrification technologies into ferries and other vessels to reduce reliance on fossil fuels
                                   TABLE 108 SWEDEN: MARINE VFD MARKET, BY END USER, 2019–2022 (USD MILLION)
                                   TABLE 109 SWEDEN: MARINE VFD MARKET, BY END USER, 2023–2030 (USD MILLION)
               10.3.15 FINLAND
            10.3.15.1 Government-led incentives and subsidies to shipping companies investing in green technologies
                                   TABLE 110 FINLAND: MARINE VFD MARKET, BY END USER, 2019–2022 (USD MILLION)
                                   TABLE 111 FINLAND: MARINE VFD MARKET, BY END USER, 2023–2030 (USD MILLION)
               10.3.16 NETHERLANDS
            10.3.16.1 Increasing offshore wind expansions and multiyear framework agreements
                                   TABLE 112 NETHERLANDS: MARINE VFD MARKET, BY END USER, 2019–2022 (USD MILLION)
                                   TABLE 113 NETHERLANDS: MARINE VFD MARKET, BY END USER, 2023–2030 (USD MILLION)
               10.3.17 BELGIUM
            10.3.17.1 Growing need to enhance efficiency and reduce vessel emissions
                                   TABLE 114 BELGIUM: MARINE VFD MARKET, BY END USER, 2019–2022 (USD MILLION)
                                   TABLE 115 BELGIUM: MARINE VFD MARKET, BY END USER, 2023–2030 (USD MILLION)
               10.3.18 AUSTRIA
            10.3.18.1 Government focus on use of green technologies
                                   TABLE 116 AUSTRIA: MARINE VFD MARKET, BY END USER, 2019–2022 (USD MILLION)
                                   TABLE 117 AUSTRIA: MARINE VFD MARKET, BY END USER, 2023–2030 (USD MILLION)
               10.3.19 GREECE
            10.3.19.1 High commitment to international maritime regulations
                                   TABLE 118 GREECE: MARINE VFD MARKET, BY END USER, 2019–2022 (USD MILLION)
                                   TABLE 119 GREECE: MARINE VFD MARKET, BY END USER, 2023–2030 (USD MILLION)
               10.3.20 REST OF EUROPE
                                   TABLE 120 REST OF EUROPE: MARINE VFD MARKET, BY END USER, 2019–2022 (USD MILLION)
                                   TABLE 121 REST OF EUROPE: MARINE VFD MARKET, BY END USER, 2023–2030 (USD MILLION)
     10.4 NORTH AMERICA 
             10.4.1 NORTH AMERICA: RECESSION IMPACT
             10.4.2 BY TYPE
                       TABLE 122 NORTH AMERICA: MARINE VFD MARKET, BY TYPE, 2019–2022 (USD MILLION)
                       TABLE 123 NORTH AMERICA: MARINE VFD MARKET, BY TYPE, 2023–2030 (USD MILLION)
             10.4.3 BY VOLTAGE
                       TABLE 124 NORTH AMERICA: MARINE VFD MARKET, BY VOLTAGE, 2019–2022 (USD MILLION)
                       TABLE 125 NORTH AMERICA: MARINE VFD MARKET, BY VOLTAGE, 2023–2030 (USD MILLION)
             10.4.4 BY END USER
                       TABLE 126 NORTH AMERICA: MARINE VFD MARKET, BY END USER, 2019–2022 (USD MILLION)
                       TABLE 127 NORTH AMERICA: MARINE VFD MARKET, BY END USER, 2023–2030 (USD MILLION)
             10.4.5 BY APPLICATION
                       TABLE 128 NORTH AMERICA: MARINE VFD MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
                       TABLE 129 NORTH AMERICA: MARINE VFD MARKET, BY APPLICATION, 2023–2030 (USD MILLION)
             10.4.6 BY COUNTRY
                       TABLE 130 NORTH AMERICA: MARINE VFD MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
                       TABLE 131 NORTH AMERICA: MARINE VFD MARKET, BY COUNTRY, 2023–2030 (USD MILLION)
             10.4.7 US
                       10.4.7.1 Strong government support and technological advancements
                                   TABLE 132 US: MARINE VFD MARKET, BY END USER, 2019–2022 (USD MILLION)
                                   TABLE 133 US: MARINE VFD MARKET, BY END USER, 2023–2030 (USD MILLION)
             10.4.8 CANADA
                       10.4.8.1 Naval expansions and strategic collaborations
                                   TABLE 134 CANADA: MARINE VFD MARKET, BY END USER, 2019–2022 (USD MILLION)
                                   TABLE 135 CANADA: MARINE VFD MARKET, BY END USER, 2023–2030 (USD MILLION)
             10.4.9 MEXICO
                       10.4.9.1 Rising offshore expansion activities and focus on environmental conservation
                                   TABLE 136 MEXICO: MARINE VFD MARKET, BY END USER, 2019–2022 (USD MILLION)
                                   TABLE 137 MEXICO: MARINE VFD MARKET, BY END USER, 2023–2030 (USD MILLION)
     10.5 SOUTH AMERICA 
             10.5.1 SOUTH AMERICA: RECESSION IMPACT
             10.5.2 BY TYPE
                       TABLE 138 SOUTH AMERICA: MARINE VFD MARKET, BY TYPE, 2019–2022 (USD MILLION)
                       TABLE 139 SOUTH AMERICA: MARINE VFD MARKET, BY TYPE, 2023–2030 (USD MILLION)
             10.5.3 BY VOLTAGE
                       TABLE 140 SOUTH AMERICA: MARINE VFD MARKET, BY VOLTAGE, 2019–2022 (USD MILLION)
                       TABLE 141 SOUTH AMERICA: MARINE VFD MARKET, BY VOLTAGE, 2023–2030 (USD MILLION)
             10.5.4 BY END USER
                       TABLE 142 SOUTH AMERICA: MARINE VFD MARKET, BY END USER, 2019–2022 (USD MILLION)
                       TABLE 143 SOUTH AMERICA: MARINE VFD MARKET, BY END USER, 2023–2030 (USD MILLION)
             10.5.5 BY APPLICATION
                       TABLE 144 SOUTH AMERICA: MARINE VFD MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
                       TABLE 145 SOUTH AMERICA: MARINE VFD MARKET, BY APPLICATION, 2023–2030 (USD MILLION)
             10.5.6 BY COUNTRY
                       TABLE 146 SOUTH AMERICA: MARINE VFD MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
                       TABLE 147 SOUTH AMERICA: MARINE VFD MARKET, BY COUNTRY, 2023–2030 (USD MILLION)
             10.5.7 BRAZIL
                       10.5.7.1 Government-led support and focus on sustainability
                                   TABLE 148 BRAZIL: MARINE VFD MARKET, BY END USER, 2019–2022 (USD MILLION)
                                   TABLE 149 BRAZIL: MARINE VFD MARKET, BY END USER, 2023–2030 (USD MILLION)
             10.5.8 ARGENTINA
                       10.5.8.1 Flourishing fishing industry
                                   TABLE 150 ARGENTINA: MARINE VFD MARKET, BY END USER, 2019–2022 (USD MILLION)
                                   TABLE 151 ARGENTINA: MARINE VFD MARKET, BY END USER, 2023–2030 (USD MILLION)
             10.5.9 REST OF SOUTH AMERICA
                       TABLE 152 REST OF SOUTH AMERICA: MARINE VFD MARKET, BY END USER,  2019–2022 (USD MILLION)
                       TABLE 153 REST OF SOUTH AMERICA: MARINE VFD MARKET, BY END USER,  2023–2030 (USD MILLION)
     10.6 MIDDLE EAST & AFRICA 
             10.6.1 RECESSION IMPACT: MIDDLE EAST & AFRICA
             10.6.2 BY TYPE
                       TABLE 154 MIDDLE EAST & AFRICA: MARINE VFD MARKET, BY TYPE, 2019–2022 (USD MILLION)
                       TABLE 155 MIDDLE EAST & AFRICA: MARINE VFD MARKET, BY TYPE, 2023–2030 (USD MILLION)
             10.6.3 BY VOLTAGE
                       TABLE 156 MIDDLE EAST & AFRICA: MARINE VFD MARKET, BY VOLTAGE, 2019–2022 (USD MILLION)
                       TABLE 157 MIDDLE EAST & AFRICA: MARINE VFD MARKET, BY VOLTAGE, 2023–2030 (USD MILLION)
             10.6.4 BY END USER
                       TABLE 158 MIDDLE EAST & AFRICA: MARINE VFD MARKET, BY END USER,  2019–2022 (USD MILLION)
                       TABLE 159 MIDDLE EAST & AFRICA: MARINE VFD MARKET, BY END USER,  2023–2030 (USD MILLION)
             10.6.5 BY APPLICATION
                       TABLE 160 MIDDLE EAST & AFRICA: MARINE VFD MARKET, BY APPLICATION,  2019–2022 (USD MILLION)
                       TABLE 161 MIDDLE EAST & AFRICA: MARINE VFD MARKET, BY APPLICATION,  2023–2030 (USD MILLION)
             10.6.6 BY COUNTRY
                       TABLE 162 MIDDLE EAST & AFRICA: MARINE VFD MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
                       TABLE 163 MIDDLE EAST & AFRICA: MARINE VFD MARKET, BY COUNTRY, 2023–2030 (USD MILLION)
             10.6.7 TURKEY
                       10.6.7.1 Rising focus on modernization of maritime sector
                                   TABLE 164 TURKEY: MARINE VFD MARKET, BY END USER, 2019–2022 (USD MILLION)
                                   TABLE 165 TURKEY: MARINE VFD MARKET, BY END USER, 2023–2030 (USD MILLION)
             10.6.8 SOUTH AFRICA
                       10.6.8.1 Deployment of floating power plants equipped with VFDs
                                   TABLE 166 SOUTH AFRICA: MARINE VFD MARKET, BY END USER, 2019–2022 (USD MILLION)
                                   TABLE 167 SOUTH AFRICA: MARINE VFD MARKET, BY END USER, 2023–2030 (USD MILLION)
             10.6.9 REST OF MIDDLE EAST & AFRICA
                       TABLE 168 REST OF MIDDLE EAST & AFRICA: MARINE VFD MARKET, BY END USER,  2019–2022 (USD MILLION)
                       TABLE 169 REST OF MIDDLE EAST & AFRICA: MARINE VFD MARKET, BY END USER,  2023–2030 (USD MILLION)
11 COMPETITIVE LANDSCAPE (Page No. - 164)
     11.1 OVERVIEW 
     11.2 KEY STRATEGIES ADOPTED BY MAJOR PLAYERS 
               TABLE 170 KEY STRATEGIES ADOPTED BY TOP PLAYERS, 2019–2022
     11.3 MARKET SHARE ANALYSIS, 2022 
               TABLE 171 MARINE VFD MARKET: DEGREE OF COMPETITION
               FIGURE 43 MARINE VFD MARKET SHARE ANALYSIS, 2022
     11.4 REVENUE ANALYSIS OF TOP FIVE PLAYERS, 2018–2022 
               FIGURE 44 MARINE VFD MARKET: REVENUE ANALYSIS OF TOP FIVE PLAYERS, 2018–2022
     11.5 EVALUATION MATRIX OF KEY COMPANIES, 2022 
             11.5.1 STARS
             11.5.2 PERVASIVE PLAYERS
             11.5.3 EMERGING LEADERS
             11.5.4 PARTICIPANTS
                       FIGURE 45 MARINE VFD MARKET: EVALUATION MATRIX OF KEY COMPANIES, 2022
     11.6 COMPETITIVE BENCHMARKING 
               TABLE 172 TYPE: COMPANY FOOTPRINT
               TABLE 173 END USER: COMPANY FOOTPRINT
               TABLE 174 APPLICATION: COMPANY FOOTPRINT
               TABLE 175 VOLTAGE: COMPANY FOOTPRINT
               TABLE 176 REGION: COMPANY FOOTPRINT
               TABLE 177 COMPANY FOOTPRINT
     11.7 COMPETITIVE SCENARIOS AND TRENDS 
               TABLE 178 MARINE VFD MARKET: DEALS, JANUARY 2019–JANUARY 2023
               TABLE 179 MARINE VFD MARKET: OTHERS, JANUARY 2019–JANUARY 2023
12 COMPANY PROFILES (Page No. - 179)
(Business overview Products/Solutions/Services offered, Recent Developments, MNM view)*
     12.1 KEY PLAYERS 
             12.1.1 SIEMENS
                       TABLE 180 SIEMENS: COMPANY OVERVIEW
                       FIGURE 46 SIEMENS: COMPANY SNAPSHOT
                       TABLE 181 SIEMENS: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       TABLE 182 SIEMENS: DEALS
             12.1.2 SCHNEIDER ELECTRIC
                       TABLE 183 SCHNEIDER ELECTRIC: COMPANY OVERVIEW
                       FIGURE 47 SCHNEIDER ELECTRIC: COMPANY SNAPSHOT
                       TABLE 184 SCHNEIDER ELECTRIC: PRODUCTS/SOLUTIONS/SERVICES OFFERED
             12.1.3 GENERAL ELECTRIC
                       TABLE 185 GENERAL ELECTRIC: COMPANY OVERVIEW
                       FIGURE 48 GENERAL ELECTRIC: COMPANY SNAPSHOT
                       TABLE 186 GENERAL ELECTRIC: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       TABLE 187 GENERAL ELECTRIC: DEALS
             12.1.4 ABB
                       TABLE 188 ABB: COMPANY OVERVIEW
                       FIGURE 49 ABB: COMPANY SNAPSHOT
                       TABLE 189 ABB: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       TABLE 190 ABB: DEALS
                       TABLE 191 ABB: OTHERS
             12.1.5 DANFOSS
                       TABLE 192 DANFOSS: COMPANY OVERVIEW
                       FIGURE 50 DANFOSS: COMPANY SNAPSHOT
                       TABLE 193 DANFOSS: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       TABLE 194 DANFOSS: DEALS
             12.1.6 NIDEC
                       TABLE 195 NIDEC: COMPANY OVERVIEW
                       FIGURE 51 NIDEC: COMPANY SNAPSHOT
                       TABLE 196 NIDEC: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       TABLE 197 NIDEC: DEALS
                       TABLE 198 NIDEC: OTHERS
             12.1.7 WEG
                       TABLE 199 WEG: COMPANY OVERVIEW
                       FIGURE 52 WEG: COMPANY SNAPSHOT
                       TABLE 200 WEG: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       TABLE 201 WEG: DEALS
                       TABLE 202 WEG: OTHERS
             12.1.8 ROCKWELL AUTOMATION
                       TABLE 203 ROCKWELL AUTOMATION: COMPANY OVERVIEW
                       FIGURE 53 ROCKWELL AUTOMATION: COMPANY SNAPSHOT
                       TABLE 204 ROCKWELL AUTOMATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       TABLE 205 ROCKWELL AUTOMATION: DEALS
             12.1.9 INGETEAM
                       TABLE 206 INGETEAM: COMPANY OVERVIEW
                       TABLE 207 INGETEAM: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       TABLE 208 INGETEAM: PRODUCT LAUNCHES
                       TABLE 209 INGETEAM: DEALS
             12.1.10 TRIOL
                       TABLE 210 TRIOL: COMPANY OVERVIEW
                       TABLE 211 TRIOL: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       TABLE 212 TRIOL: DEALS
             12.1.11 CG POWER AND INDUSTRIAL SOLUTIONS
                       TABLE 213 CG POWER AND INDUSTRIAL SOLUTIONS: COMPANY OVERVIEW
                       FIGURE 54 CG POWER AND INDUSTRIAL SOLUTIONS: COMPANY SNAPSHOT
                       TABLE 214 CG POWER AND INDUSTRIAL SOLUTIONS: PRODUCTS/SOLUTIONS/SERVICES OFFERED
             12.1.12 LS ELECTRIC CO., LTD.
                       TABLE 215 LS ELECTRIC CO., LTD.: COMPANY OVERVIEW
                       TABLE 216 LS ELECTRIC CO., LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
             12.1.13 JOHNSON CONTROLS
                       TABLE 217 JOHNSON CONTROLS: COMPANY OVERVIEW
                       FIGURE 55 JOHNSON CONTROLS: COMPANY SNAPSHOT
                       TABLE 218 JOHNSON CONTROLS: PRODUCTS/SOLUTIONS/SERVICES OFFERED
             12.1.14 HONEYWELL
                       TABLE 219 HONEYWELL: COMPANY OVERVIEW
                       FIGURE 56 HONEYWELL: COMPANY SNAPSHOT
                       TABLE 220 HONEYWELL: PRODUCTS/SOLUTIONS/SERVICES OFFERED
             12.1.15 PARKER HANNIFIN
                       TABLE 221 PARKER HANNIFIN: COMPANY OVERVIEW
                       FIGURE 57 PARKER HANNIFIN: COMPANY SNAPSHOT
                       TABLE 222 PARKER HANNIFIN: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       TABLE 223 PARKER HANNIFIN: DEALS
*Details on Business overview Products/Solutions/Services offered, Recent Developments, MNM view might not be captured in case of unlisted companies.
     12.2 OTHER PLAYERS 
             12.2.1 INVERTEK DRIVES
             12.2.2 SELMA
             12.2.3 HI-SEA
             12.2.4 BOSCH REXROTH
             12.2.5 NORD
13 APPENDIX (Page No. - 228)
     13.1 INSIGHTS FROM INDUSTRY EXPERTS 
     13.2 DISCUSSION GUIDE 
     13.3 KNOWLEDGESTORE: MARKETSANDMARKETS’  SUBSCRIPTION PORTAL 
     13.4 CUSTOMIZATION OPTIONS 
     13.5 RELATED REPORTS 
     13.6 AUTHOR DETAILS