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.
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This Electric Ships Market report briefly talks about the significance of every segment and growth aspects. It offers key statistics about major regions such as Europe, Asia Pacific, Middle East, Africa, North America and Latin America. This comprehensive Electric Ships Market report works as a potent tool to allow key players get the right direction and guidance for companies to survive in the competitive market. Some of the major sectors are discussed in this Electric Ships Market report such as manufacturing technology and industry applications. Competitors section, product type section and end-user section are the leading sections covered in this Electric Ships Market study report. Entire market is covered in this Market report along with leading sections. It also covers basic overview of the entire market to help new entrants in making business easy going and forward.
All the significant parameters are also captured in this Electric Ships Market research report. Key strategies are also captured here to help novel entrants to retain their position in the market. All the significant parameters are also discussed here along with market dynamics such as trends, challenges, opportunities and drivers. It also presents product specifications, company profile and 2022-2028 market shares for every company. Important information covered in this report enables key participants to know regarding the qualitative growth parameters of the global market. Quantifiable information covered in this Electric Ships Market report helps to analyze country level and regional level data integrating the supply and demand strengths which are augmenting the market growth. It then goes on to talk about COVID-19 epidemic and how it several affected a number of major business sectors around the globe.
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- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global Electric Ships Market Report by Segment
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
Global Electric Ships Market Report by Region
North America
- US
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
The Report Covers
- Market value data analysis of 2020 and forecast to 2027.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global electric ships market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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