Electric Ships Market Players, Demand, Revenue, and Forecast to 2030
Market Overview
The
global Electric Ships Market is estimated to expand the market size to USD 1 5.7 billion by the end of the year 2030.
However, the global Electric Ships Market is expected to grow market value at a
CAGR of 10.80% during the review period of the year 2022 to 2030.
The
global Electric Ships Market growth is driven due to the increasing maritime
tourism industry, increase in seaborne trade, and implementation of the IMO
sulfur 2020 regulation. Moreover, the rising need to reduce fuel emissions is
expected to bring significant opportunities for the key market players and
vendors.
However,
the limited range of completely electric ships is expected to hamper the global
electric
ships market during the forecast period. Moreover, the current market is
expected to affect the global market due to slow charging measure items and
deficient battery limits. Further, the current market has some intended audiences
like suppliers, manufacturers, research institutions etc., that contribute
effectively to the global market.
Market Segmentation
According
to the Electric Ships Market analysis, the current market has been segmented
into types, systems, ship type, and operation.
Based
on the type segment, the global market for Electric Ships has been segregated
into Fully Electric and Hybrid. Regarding the ship type segment, the global
market for Electric Ships has been categorised into two major parts, i.e.,
Defense and Commercial.
On
the basis of system segment, the current market for Electric Ships has been
classified into four major sectors, i.e., Power Generation, Energy Storage
Systems, Power Distribution Systems, and Power Conversion. Based on the
operation segment, the present market for Electric Ships has been segmented
into three parts, i.e., Remotely Operated, Manned, and Autonomous.
Industry news
Key
electric ships market players who play an important role in the
market. It includes AKASOL AG (Germany), Corvus Energy (Canada), Anglo Belgian
Corporation NV (Belgium), EST-Floattech (Netherlands), Scandia Marine AB
(Sweden), Schottel (Germany), Leclanche (Switzerland), Siemens (Germany), Eco
Marine Power (Japan), General Electric (US), and BAE Systems (UK). In September
2020, Corvus Energy was chosen by the prominent player Holland Ship Electric to
convey lithium-particle battery-based ESS (energy stockpiling frameworks). For
instance, in November 2020, Vinssen and Hyundai Motors joined forces in Korea,
intending to enhance another vessel that hydrogen power modules can control by
the end of the year 2021.
Regional Analysis
Geographically,
the current Electric Ships Market has spread across North America, Europe, Asia
Pacific, Latin America, and the rest of the world.
Out
of all, the dominating region is the North American Electric Ships Market
during the assessment period. This region is expanding because of the presence
of significant energy stockpiling frameworks producers like Corvus Energy.
Moreover, the US Navy considers this market for strategic missions, which is
estimated to enhance the market growth. In 2020, the European regional market
ruled the global market due to the ventures by conspicuous players like AKASOL
AG, EST-Floattech, BAE Systems, Siemens, and KONGSBERG. These key players work
effectively to improve electric ships.
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