Electric Ships

Global Electric Ships Market Size, Forecasts, And Opportunities – Includes Electric Ships Market Size

Learn about the global electric ships market through The Business Research Company, which provides information on electric ships market size, electric ships market drivers and restraints, electric ships market players, the COVID-19 impact on the electric ships market, and more.


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%.


The rise in the adoption of hybrid and electric propulsion for retrofitting ships is anticipated to drive the growth of the electric ship market.


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Electric Ships
Electric Ships Market


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.


Global Electric Ships Market Segments Include:
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: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Western Europe was the largest region in the electric ship market in 2021.


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 electric ships market report covers:

Major Market Players: 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.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)


The Electric Ships Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026 is one of a series of new reports from The Business Research Company that provides electric ships market overviews, analyzes and forecasts market size, share, electric ships market players, electric ships market segments and geographies, leading competitor revenues, profiles and market shares.


TBRC’s electric ships market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.


Here Is A List Of Similar Reports From The Business Research Company:

Ship Repairing Global Market Report 2022

Battle Force Ships Global Market Report 2022

Autonomous Ships Global Market Report 2022


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