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Electric Ships Market Regional Trends and Competitive Landscape Forecast To 2026 | Schottel GmbH, Visedo, ECO Marine Power Co Ltd., Akasol AG, EST Floattech, and Saft
Electric Ships Market
Electric ships have low maintenance and operational cost compared to traditional fossil fueled ships, making them a preferred alternative. Increasing demand for passenger and cargo containers ships across the globe may stimulate electric ships market growth.
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With respect to the platform, the commercial sector is anticipated to account for over 95% of the entire electric ships market share in 2026. More specifically, passenger vessels are projected to observe massive growth due to the growing efforts from corporations towards the development of several electric passenger vessel offerings.
Passenger vehicles like ferries need lower amount of energy, have an operation span that is limited, and also requires a less complex mechanism. These properties remove a lot of technological issues faced by firms producing electric ships. Massive demand in terms of volume owing to lower acquisition cost further increases the company’s revenue cycle, which is further expected to positively influence the overall market share.
Europe is a lucrative avenue for electric ship market as it is filled with rich presence of numerous multinational organizations as well as local, home-bred electric ship manufacturers. According to reports, the Europe market is likely to record a compound annual growth rate of 10% by 2026.
Efforts to deliver advanced and sophisticated electric passenger vessels could enhance the business outlook for commercial electric ships. Estimates claim that the commercial segment could conquer over 95% of electric ships market share by 2026.
These strategies enable firms to penetrate into untapped markets while allowing them to develop a strong consumer base. Taking March 2020 for instance, marine battery supplier dubbed Leoch announced a 100% acquisition of DBS Leoach, enabling it to cater to industrial and leisure segments in the marine sector.
The competitive landscape of the Europe electric ships industry is inclusive of players like Saft, EST Floattech, Akasol AG, ECO Marine Power Co Ltd., Visedo, Schottel GmbH, Anglo Belgian Corporation (ABC) NV, Echandia Marine AB, Bae Systems, Leclanché SA, Siemens, MAN Energy Solutions SE, General Dynamics Electric Boat, Corvus Energy, Norwegian Electric Systems AS, Wartsila, and Kongsberg Gruppen ABB.
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Partial Chapter of the Table of Content
Chapter 5. Electric Ships Market, By Power Source
5.1. Key trends, by power source
5.2. Electric
5.2.1. Market estimates and forecast, 2017 - 2026
5.3. Hybrid
5.3.1. Market estimates and forecast, 2017 - 2026
Chapter 6. Electric Ships Market, By System
6.1. Key trends, by system
6.2. Energy storage
6.2.1. Market estimates and forecast, 2017 - 2026
6.3. Power conversion
6.3.1. Market estimates and forecast, 2017 - 2026
6.4. Power generation
6.4.1. Market estimates and forecast, 2017 - 2026
6.5. Power distribution
6.5.1. Market estimates and forecast, 2017 - 2026
Chapter 7. Electric Ships Market, By Operation
7.1. Key trends, by operation
7.2. Manned
7.2.1. Market estimates and forecast, 2017 - 2026
7.3. Autonomous
7.3.1. Market estimates and forecast, 2017 - 2026
Browse full table of contents (TOC) of this report @ https://www.gminsights.com/toc/detail/electric-ships-market
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Global Market Insights, Inc.
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