CAGR Value :
Global electric pod motor market size was valued at USD 100 million in 2024. The market is projected to grow from USD 108.7 million in 2025 to USD 176 million by 2032, exhibiting a CAGR of 8.7% during the forecast period.
Report Studies :
Electric pod motors represent a transformative marine propulsion technology where an electric motor is enclosed in a hydrodynamic pod beneath the vessel's hull. This integrated system combines propulsion and steering functions while eliminating traditional mechanical components like drive shafts and rudders. Key advantages include 360-degree azimuth rotation for superior maneuverability, 30-40% higher energy efficiency compared to conventional systems, and significantly reduced noise/vibration levels. These characteristics make them particularly valuable for cruise ships, ferries, and luxury yachts where operational smoothness and environmental compliance are paramount.
By Types :
Fixed Pod Motor
Steerable Pod Motor
By Applications :
Recreational
Commercial
Others
Key Industry Players
• Rolls-Royce Power Systems (Germany)
• Kongsberg Maritime (Norway)
• Torqeedo GmbH (Yamaha) (Germany)
• Thrustmaster of Texas (U.S.)
• e'dyn (Podkrižnik) (Slovenia)
• Fischer Panda (Germany)
• Marine Propulsion Solutions (U.K.)
• Kräutler Elektromaschinen (Germany)
• Rim Drive Technology (Netherlands)
• ePropulsion (China)
• Wolong Electric Group (China