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.
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The Global Electric Ships Market research study is a comprehensive analysis of the global Electric Ships sector that has grabbed the eye of a lot of Electric Ships makers, organisations, governments, leaders, and possible speculators and analysts. Many aspects of the business are clarified in the analysis, including the competitive scenario, status, parts, market size, share, profitability, growth potential, and advancements.
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.
Key players in global Electric Ships market include:
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)
The research also looks at the most influential factors in the worldwide Electric Ships market, such as changing business sector elements, current trends, development driving components, market restraints, and snags, all of which can have a positive or negative impact on market growth. The document analyses down the above aspects on a moment level, as well as offering significant forecasts up to 2028.
The Electric Ships Market 2022 study examines the financial, political, and natural aspects that drive the Electric Ships industry. The study looks into technology advancements in areas like generation, application, and much more. The paper also contains internal and external contextual evaluations of the various countries involved in the Electric Ships formation. The Electric Ships Market's specialised borders, numerous obstacles, and cost adequacy are all examined. Using this report, calculating the Electric Ships’s chances, ultimate fate, and limits become much easier.
• To provide a comprehensive analysis of the global Electric Ships market structure, including forecasts for the major segments and sub-segments.
• To provide data on the factors that impact market growth. The Electric Ships market is studied using price analysis, supply chain analysis, Porter's five force analysis, and other factors.
• To provide revenue for market segments and sub-segments in four primary continents and countries: North America, Europe, Asia, Latin America, and the Rest of the World.
• To give a market study at the country level in terms of current market size and future prospects.
• To provide a comprehensive analysis of the global Electric Ships market structure, including forecasts for the major segments and sub-segments.
• To provide data on the factors that impact market growth. The Electric Ships market is studied using price analysis, supply chain analysis, Porter's five force analysis, and other factors.
• To provide revenue for market segments and sub-segments in four primary continents and countries: North America, Europe, Asia, Latin America, and the Rest of the World.
• To give market analysis at the country level in terms of current market size and future prospects.
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