Electric Ships Market Is Growing Significantly | Norwegian Electric Systems AS, Corvus Energy, General Dynamics Electric Boat, MAN Energy Solutions SE, Siemens and Others.

ReportsnReports adds “Electric Ships Market” to its store. The Report provides in-depth analysis of the Electric Ships Market at global and key country level.

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The Global Electric Ships Market size is projected to grow from USD 5.2 Billion in 2019 to USD 15.6 Billion by 2030, at a CAGR of 13.2% from 2025 to 2030.

Top Companies Profiled in the Electric Ships Market:
• Norwegian Electric Systems AS (Norway)
• Corvus Energy (Norway)
• General Dynamics Electric Boat (US)
• MAN Energy Solutions SE (Germany)
• Vard (Norway)
• Siemens (Germany)
• Leclanché SA (Switzerland)

“The new build & line-fit segment is estimated to grow at a higher CAGR during the forecast period.”
Based on end-use, the new build & line-fit segment is estimated to grow at a higher CAGR during the forecast period as compared to the retrofit segment. The growth of the new build & line-fit segment can be attributed to the increased demand for fully electric ships by countries in North America and Europe.

“The hybrid segment is estimated to lead the electric ships market in 2019.”
Based on type, the hybrid segment is estimated to account for a majority of the global electric ships market share in 2019 as compared to the fully electric ships. There is a large retrofit potential of ships such as ferries, cruise ships, tugs, container vessels, general cargo ships, and tankers, among others.

“The remotely operated segment is expected to grow at the highest CAGR during the forecast period.”
Based on the mode of operation, the remotely operated segment is projected to grow at the highest CAGR during the forecast period. Advancements in technology have enabled the shipping industry to explore technologies such as autonomous shipping and remotely operated shipping.

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Table of Contents:
1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.2.1 Markets Covered
1.2.2 Regional Scope
1.2.3 Years Considered for the Study
1.3 Currency & Pricing
1.4 Limitations
1.5 Market Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.2 Market Definition & Scope
2.2.1 Primary Data
2.2.1.1 Key Data From Primary Sources
2.2.1.2 Breakdown of Primaries
2.2.2 Segment Definitions
2.2.2.1 Electric Ships Market, By System
2.2.2.2 Electric Ship Market, By End Use
2.2.2.3 Electric Ship Market, By Type
2.2.2.4 Electric Ship Market, By Mode of Operation
2.2.2.5 Electric Ship Market, By Power (kW)
2.2.2.6 Electric Ship Market, By Range (Km)
2.2.2.7 Electric Ship Market, By Ship Type
2.2.3 Exclusions
2.3 Market Size Estimation & Methodology
2.3.1 Top-Down Approach
2.4 Data Triangulation
2.4.1 Market Sizing & Forecasting
2.5 Limitations

3 Executive Summary

4 Premium Insights
4.1 Attractive Growth Opportunities in Electric Ships Market
4.2 Hybrid Ships Market, By Type
4.3 Electric Ship Market, By Range
4.4 Electric Ship Market, By Ship Type
4.5 Commercial Electric Ship Market, By Type
4.6 Electric Ship Market, By Region

5 Market Overview
5.1 Introduction
5.2 Roadmap of Marine Electrification
5.3 Market Dynamics
5.3.1 Drivers
5.3.1.1 Implementation of Sulfur 2020 Rule
5.3.1.2 Hybrid and Electric Propulsion Technology Catering to the Retrofit Market
5.3.1.3 Increase in Seaborne Trade Across the Globe
5.3.1.4 Growing Maritime Tourism Industry
5.3.1.5 Development of Lithium-Ion Batteries
5.3.2 Restraints
5.3.2.1 Long Downtime During Retrofitting Ships Causes High Cost and Loss Revenue
5.3.2.2 Limited Range and Capacity of Fully-Electric Ships
5.3.3 Challenges
5.3.3.1 Inadequate Charging Infrastructure
5.3.3.2 High Initial Capital Expenditure Cost
5.3.4 Opportunity
5.3.4.1 Potential for Marine Battery Manufacturers to Manufacture High Powered Batteries
5.3.4.2 Potential for Battery Charging Via Renewable Sources of Energy for Onboard Ship
5.3.4.3 Hybrid Propulsion Technology for Large Ships
….And More

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