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Assessing the future market share of alternative fuelled marine power systems to 2050

CUSTOMER CHALLENGE

Decarbonisation is driving the complexity of marine power systems.

This is impacting the future requirements of power convertors and supporting machinery.

Forecasting which fuels will be utilised by when for different vessels is a challenge.

RICARDO SOLUTION

The Ricardo Quantitative Scenario Analysis Tool was utilised to assess different vessels to forecast market share for future possible scenarios.

Tankers, Carriers, Containers and Vehicle Carrier Vessels were analysed to develop duty cycle and fuel consumption data.

Scenario based TCO and GHG modelling were carried out to model potential future market outcomes.

The Ricardo Quantitative Scenario Analysis Tool was used to evaluate the future power systems to enable a market share forecast to be developed to 2050 for each scenario.

The impact of the market share forecast on the customers product line-up was brainstormed.

CUSTOMER BENEFIT

The deliverables to the customer provided significant transfer of understanding and context of how the project was delivered. This was supported by detailed Q&A throughout the project delivery.

The resultant value to the customer was a forecast and model which their teams can utilise within their product strategy and planning cycles.

Supporting their business to capitalise on these complexities.

Client

Confidential

Key Services

Strategic consulting

Start and end dates

12/2022 - 03/2023

Location

UK

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