Global Electric Ships Market Growth Analysis And Indications – Includes Electric Ships Market Size
The Business Research Company’s report goes into great detail on the electric ships market size and growth, electric ships market regional analysis, electric ships market competitive landscape, and other critical information needed to excel in the electric ships industry.
Major players in the electric ships market include ABB Ltd, Wartsila, Kongsberg, Norwegian Electric Systems AS, Corvus Energy, General Dynamics Electric Boat, MAN Energy Solutions SE, Leclanche SA, Siemens AG, General Electric Company, Bureau Veritas, Canadian Electric Boat Company, Electrovaya Inc., Triton Submarines, Duffy Electric Boats, and Akasol AG.
TBRC’s comprehensive market report based on extensive research will assist you in seamlessly devising your approaches in order to match key market player strategies.
The global electric ships market size is expected to grow from $6.39 billion in 2021 to $7.12 billion in 2022 at a compound annual growth rate (CAGR) of 11.4%. The electric ship market size is expected to grow to $11.06 billion in 2026 at a CAGR of 11.6%.
Western Europe was the largest region in the electric ship market in 2021.
The electric ship market consists of sales of the electric ships by entities (organizations, sole traders, and partnerships) which refer to a ship that runs on a battery. Ships that run on electricity instead of traditional gasoline are known as electric ships. These ships abide by all environmental rules and do not endanger marine life. Electric propulsion systems are an environmentally friendly alternative to traditional fuel in inland navigation and large commerce ships.
The rise in the adoption of hybrid and electric propulsion for retrofitting ships is anticipated to drive the growth of the electric ship market.
Technological advancements are shaping the electric ship market. The welding consumables market is increasing its demand by introducing and applying new technologies and their updated software for the industries. The automotive industry is increasingly focusing on integrating smarter and safer safety systems into vehicles for better safety in different terrains and conditions.
TBRC’s Global Electric Ships Market Report Is Segmented:
By Type: Fully Electric, Hybrid
By Mode of Operation: Manned, Remotely Operated, Autonomous
By System: Energy Storage Systems, Power Conversion, Power Generation, Power Distribution
By Power: Less Than 75KW, 75 to 150KW, 151 to 745KW, 746 to 7,560KW, Greater Than 7,560KW
By Range: Less Than 50Km, 50 to 100Km, 101 to 1000Km, Greater Than 1,000Km
By Geography: North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
The Electric Ships Global Market Report 2022 is one of a series of new reports from The Business Research Company that provides an overview of the electric ships market globally and regionally, analyzes and forecasts market size, share, electric ships market players, electric ships market segments, leading competitor revenues, profiles and market shares.
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