The Electric Ships Market size was valued at USD 5.50 billion in 2019 and is projected to grow USD 10.82 billion by 2028, exhibiting a CAGR of 11.2% during the forecast period. Most of the cruises, gas carriers, general cargos, oil tankers, and container ships utilize heavy diesel oil for operation. The growing maritime transportation and tourism will result in the increased emission of exhaust gases. According to the U.S. Environmental Protection Agency, transportation was responsible for more than 29% of greenhouse emissions in the U.S in 2017. The transportation sector is one of the prominent sources of increasing greenhouse emissions across the globe. These emissions from transportation primarily come from burning fossil fuels in ships.
The Global Electric Ships Market Research for the forecast period 2022-2028 specifically highlights the upcoming trends and gives an in-depth view of the Electric Ships market's global landscape. Besides that, the global Electric Ships market report analyses detailed information on demand and supply trends, key contributions by industry leaders, Electric Ships market share, and the overall Electric Ships industry growth rate.
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Secondary research has been used largely in this study to collect information about the global Electric Ships market. However, primary research has also been conducted to support the presented assumptions and findings for individual industries. The research report on the Electric Ships market report has insightful data about the topological landscape of the industries and respective organizations that have earned a top leading position.
We've also presented an overview of the market's top manufacturers' market revenue share, production, consumption volume, sales price, import/export, and gross margin. Moreover, the Electric Ships market is bifurcated into groups depending on upstream raw materials, downstream users, definitions, and equipment analyses. The global Electric Ships market report also includes information on latest developments, the competitive landscape, Electric Ships market affecting factors, and significant industrial statistics.
The global Electric Ships market research report has been segregated by usage, important manufacturers, product types, and topological zones to enhance various industrial strategies, advertising methods, and global and regional sales influencing the Electric Ships market. In the Electric Ships market, several important aspects such as globalise demand and supply variables, Electric Ships market share, investments, revenue growth are carefully reviewed.
The market research report also analyses the Electric Ships market's production value and growth rate across multiple locations. It also focuses on the top consumers, market share, consumption, product capacity, and anticipated potential development.
COVID-19 ANALYSIS
With the rise in cases of COVID-19, most industries have been adversely affected due to the disturbed supply chain in 2020. Due to the pandemic, electric ship manufacturers and investors are forced to stop all funding and production operations. Countries such as Japan and China are the prominent suppliers of raw materials such as nickel, lithium, cobalt, and others. They are essential for the batteries powering the propulsion systems on electric ships. However, trade restrictions owing to the pandemic-induced lockdown have created halt for their supply. The shortage of raw materials may result in a significant price hike during the pandemic and a decrease in the production of electric ships. Therefore, the delay in shortage of supply for essential battery materials and autonomous operation funding is expected to be the key negative effects of the pandemic on the market.
Top Players involved in this report are:
Kongsberg (Norway)
Leclanché SA (Switzerland)
Corvus Energy (Canada)
Echandia Marine AB (Sweden)
Siemens (Germany)
Norwegian Electric Systems (Norway)
General Dynamics Electric Boat (U.S.)
MAN Energy Solutions SE (Germany)
Wartsila (Finland)
Schottel Group (Germany)
Anglo Belgian Corporation NV (Belgium)
Eco Marine Power (Japan)
Akasol AG (Germany)
Global Electric Ships Market segmentation by Types:
Fully Electric
Hybrid
The Application of the Electric Ships market can be divided as:
Commercial
Defense
Geographical outlook of this report:
• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East & Africa
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The competitive assessment of the prominent industry players is also encompassed in the global Electric Ships market which is responsible to recognize direct or indirect competitors present in the industry. It offers company profiles of the Electric Ships industry players in accordance with product picture and its portfolios, Electric Ships market plans, and technology. We have also mentioned strength and weaknesses of the Electric Ships market alongside the competitive benefits which improves productivity and efficiency of the companies.
