The global electric ships market is anticipated to grow at a significant CAGR of around 11% during the forecast period. The market growth is attributed to the growing focus towards limiting the sulphur emission generated by the heavy powertrain system in ships vehicles due to use of fuel oils for powering the ship. The shipowners are focusing towards automation and integration of newbuild ships and retrofit the existing ships with hybrid and electric propulsion, which in turn accelerating the demand for for electric propulsion and battery storage systems. The standard government regulation for eliminating the sulphar emission by adopting mendatory measures has augumented the adoption of electric ships in shipping sectors. For inatnce, IMO 2020 rule limits the sulphur in the fuel oil used on board ships operating outside designated emission control areas to 0.50% m/m (mass by mass) a significant reduction from the previous limit of 3.5%. Furthermore, electric ships offer tremendiouse advantages such as low-costoperation, easy-to-maintain, high cargo capacity due to small powertrain system makes them best replacement for traditional fuel-based ships.
To Request a Sample of our Report on Global Electric Ships Market: https://www.omrglobal.com/request-sample/electric-ships-market
Besides, advanced battery technologies are driving the market growth as the batteries are being constantly upgraded and updated. The companies are more emphasizing towards the integration of electric power sources and development of energy storage devices. For instance, in October 2020, Kawasaki Heavy Industries received their first order for the supply of large capacity system of battery propulsion that is designed for coastal ships integration. The new battery propulsion system includes Lithium – ion marine batteries. Vessels operating completely through batteries reduces the emissions of NOx, CO2 and SOx during the operation. Apart from these factors, the limited range in sigle charge offered by the electric ships restrains their growth.
A full Report of Global Electric Ships Market is Available @ https://www.omrglobal.com/industry-reports/electric-ships-market
Global Electric Ships Market Segmentation
By Type
- Fully Electric
- Hybrid
By Mode of Operation
- Manned
- Autonomous
By Vessel Type
- Commercial
- Defense
By Range
- . < 50 KM
- 50-100 KM
- 101-1000 KM
- >1000 KM
By End-Use
- Linefit
- Retrofit
Regional Analysis
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
Company Profiles
- AKASOL AG
- Corvus Energy
- Echandia Marine AB
- Eco Marine Power
- Fjellstrand AS
- Hollands Shipyards
- Leclanche SA
- Man Energy Solutions Group
- Siemens
- SCHOTTEL Group
- SSC Marine Ltd
- Tuco Marine ApS
- VARD
- Wartsila Corp.
- WELLINGTON ELECTRIC BOAT BUILDING CO.
Reasons to buy from us –
- We cover more than 15 major industries, further segmented into more than 90 sectors.
- More than 120 countries are for analysis.
- Over 100+ paid data sources mined for investigation.
- Our expert research analysts answer all your questions before and after purchasing your report.
For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/electric-ships-market
About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.
Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 7803040404
