Electric Boat and Ship Market PESTEL Analysis, SWOT Analysis, CAGR 12.65% and Value Chain Study to 2027 | Hyundai Heavy Industries, Ganz Boats GmbH, Corvus Energy

Report Ocean publishes a new report on the global Electric Boat and Ship Market. The global Electric Boat and Ship Market calculation is based on a combination of information from first-hand sources, qualitative and quantitative assessments from industry analysts, input from experts and participants across the value chain.

Global Electric Boat and Ship Market to reach USD 10.5 billion by 2027. Global Electric Boat and Ship Market is valued approximately at USD 4.58 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 12.65% over the forecast period 2021-2027.

An electric boat is designed to carry out maritime tasks by using batteries rather than gasoline to propel the boat. Batteries used in electric boats are similar to the batteries used in electric vehicles. The electric boat and ship market are driven by the growing maritime tourism industry and the rise in adoption of hybrid and electric propulsion technologies for retrofitting ships. Furthermore, increasing government support for the use of electric boats and ships to decrease emissions is expected to aid market growth over the forecast period.

The 2030 Green Ship-K Promotion Strategy, which is a key component of South Korea's plans to become carbon-neutral by 2050, focuses on the progress and wide use of low-carbon ship technologies, such as hydrogen fuel cells and propulsion systems.

The program tries to decrease shipping-related greenhouse gas emissions by 40% in the next 25 years and 70% by 2050. However, the limited range and capacity of fully electric ships may impede market growth over the forecast period of 2021-2027.

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Report includes an in-depth analysis of macroeconomic indicators, market trends, and governing factors, as well as market attractiveness by segment. A qualitative impact map of different market factors appears in the report. A study of the impact of COVID-19 (Corona Virus) on the product industry chain is analyzed based on upstream and downstream markets, on various regions and countries, and the future development of the industry is forecast.

Report on the Global Electric Boat and Ship Market aim to enable readers to understand the market and competitive landscape in a way that supports better decision-making. This report includes an overview of participants' financial results, including revenue results, sales volume, gross margin, capital investment, and the global Electric Boat and Ship Market growth rate.

The researchers collect market demand and size information and validate it with market experts. This study also explores the geographical distribution of the Electric Boat and Ship Market. The market studies provide information about the industry to top manufacturers, distributors, traders, and dealers. It will offer an overview of the product, the market, the market driving force, the risk & opportunities, and the research findings.

Impact Analysis of COVID-19

• The report examines in detail the impact of Covid-19 on the Electric Boat and Ship Market

• The Covid-19 outbreak has caused thousands of illnesses worldwide, and the World Health Organization has declared it a global health emergency. Coronavirus disease, which already affects these groups, will have an impact on Electric Boat and Ship Market segments.

• The economic damage is already evident and represents the world's worst economic shock in decades as the health and human toll rise.

• Several undesirable outcomes can occur in chaotic situations, including restaurant closing, flight canceling, travel restrictions in place, indoor event venues losing permits, customer confidence eroding, stock markets fluctuating, and citizens becoming anxious.

The study covers the fundamental aspects of the Global Electric Boat and Ship Market, including its future prospects and competitive landscape, in great detail. A Porter's Five Forces analysis of the Electric Boat and Ship Market provides insights into the factors influencing its growth. Accordingly, this market study breaks down the Electric Boat and Ship Market into segments, regions, and players to present a clear picture of the current market environment. Research also covers macroeconomics and microeconomics. In the report, several graphs, charts, and tables appear effectively.

Regional Overview

The Electric Boat and Ship Market study give a comprehensive look at country-level segments classified as potentially high-growth areas, countries with the highest market share, and countries with the most potential growth. The Electric Boat and Ship Market study include regional break-ups like North America (USA, Canada), South America, Asia Pacific (China, Japan, India, Korea), Europe (Germany, UK, France, Italy), Other countries.

Leading Competitors

The leading prominent competitors in the global Electric Boat and Ship Market are:

Daewoo Shipbuilding and Marine Engineering (DSME)
Vision Marine Technologies Inc.
ElectraCraft Boats
Groupe Beneteau
Duffy Electric Boats
Grove Boats SA
Greenline Yachts
Hyundai Heavy Industries
Ganz Boats GmbH
Corvus Energy

Scope of the Report

The global Electric Boat and Ship Market segmentation focuses on:

By Propulsion type:
Hybrid
Pure Electric

By Battery Type:
Lead-acid
Lithium-ion
Nickel-based Batteries

By Carriage type:
Passenger
Cargo

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This release was published on openPR.