Press release
Electric Ship Market is Projected to Reach USD 13.14 Billion by 2030: Cognitive Market Research
Electric Ship Market is Projected to Reach USD 13.14 Billion by 2030: Cognitive Market Research
What is Electric Ship?
An electric ship is a type of ship that uses electric power to drive its propulsion system, rather than traditional fossil fuel-based engines. Electric ships can be powered by a variety of sources, including batteries, fuel cells, and even nuclear reactors. The use of electric propulsion in ships has several advantages over traditional engines, including improved fuel efficiency, reduced emissions, and lower operating costs. In addition, electric ships are often quieter and have less vibration than traditional ships, which can make them more comfortable for passengers and crew. Electric ships are becoming increasingly common in a variety of applications, from small pleasure boats to large commercial vessels. Some examples of electric ships include hybrid ferries, all-electric tour boats, and even fully electric cargo ships.
Summary:
As per the study of CMR, the Global Electric Ship Market size was valued at USD 3.12 Billion in 2022 and will reach to USD 13.14 Billion by 2030 and is expected to grow at a CAGR of 20.1% during the forecast period (2023-2030).
To know more about The Electric Ship Market statistics click here: https://www.cognitivemarketresearch.com/electric-ships-market-report
Market Dynamics:
Electric Ship Market Drivers:
The growing concern over the impact of fossil fuel-powered ships on the environment, including air and water pollution, has led to increased interest in electric ships, that is significantly driving the market growth.
In addition to it governments around the world are offering incentives and subsidies for the development and adoption of electric ships, which is helping to drive growth in the market.
Electric Ship Market Opportunities:
The development of new battery and propulsion technologies has made it possible to build electric ships with longer range and greater power, making them more viable for a wider range of applications will further open opportunities for the market in upcoming years.
Electric Ship Market Restraints:
There are some safety concerns associated with electric ships, particularly around the use of large batteries and the risk of fire or explosion. This can make some ship owners and operators hesitant to adopt electric power may hamper the electric ship market growth.
Market Segmentation:
Type:
• Fully Electric
• Hybrid
Based on type, the hybrid segment has the largest revenue share in the electric ship market. Technological advancements are being made in the hybrid electric propulsion type as a result of the difficulty of having a lesser range and battery capacity. In addition to allowing lower emissions, hybrid propulsion also aids in extending range and carrying heavier loads.
Ship Type:
• Commercial
• Defense
Based on ship type, commercial has the significant market share in the electric ship market. Commercial ships, particularly commercial passenger ships, are adopting more and more electric ship solutions as they often operate in inland waters and cover shorter distances than cargo ships. Ferries for passengers are the category with the fastest growth.
System:
• Energy Storage
• Power Conversion
• Power Generation
• Power Distribution
End-use:
• Newbuild & Line Fit
• Retrofit
Competitive Analysis of Electric Ship Market: Boesch Motorboote, Duffy Electric Boat, Ruban Bleu, Torqeedo, Triton Submarines, CORVUS ENERGY, Electrovaya, Saft, Tamarack Lake Electric Boat Company
Get free sample pages of the latest published Electric Ship Market Report: https://www.cognitivemarketresearch.com/electric-ships-market-report#request_sample
Regional Analysis:
Europe accounted for a significant share of the electric ship market
Europe has the largest revenue share in the electric ship market. Due to the presence of major players, OEMs, and component makers, which are some of the factors anticipated to spur the growth of the electric ship market in the region, Europe currently leads the electric ship industry. These companies continually spend money on research and development to create electric ship solutions that are more dependable and efficient.
Electric Ship Market News:
For two new 110-meter-long amphibious transport vessels, Wartsila will provide the primary propulsion machinery as well as a variety of additional components and systems.
In March 2023, two new 110-meter-long amphibious transport ships were being built for the Chilean Navy, and Wartsila has been provided the primary propulsion machinery as well as a variety of additional tools and systems. The state-owned shipyard building the vessels, Astilleros y Maestranzas de la Armada (Asmar), placed the order.
Browse Here For Full TOC:
Table of Content (Revenue USD Edition), (Enquire about Volume/Consumption Edition Data)
Chapter 1 Industrial Insight and Market Scope
• 1.1 Global Electric Ships Industry Introduction
• 1.2 Objectives of the Study
• 1.3 USP of the Report
• 1.4 Who is this report for?
• 1.5 Designing of Market Scope
1.5.1 Electric Ships Market Segmentation
1.5.1 Electric Ships Market Regional Fragmentation
1.5.1 Electric Ships Market Players
• 1.6 Report Duration
• 1.7 List of Stakeholders
Chapter 2 Research MethodologyReview Complete Research Methodology
Chapter 3 Executive Summary of Electric Ships Market
• 3.1 Global Electric Ships Market Size 2018 - 2030, (USD Million)
• 3.2 Global Electric Ships Value, Absolute & Opportunity Analysis
• 3.3 Global Electric Ships Market Y-o-Y Growth Rate Projection by Region (2023 - 2030)
• 3.4 Global Electric Ships Market Statistics 2022: Snapshot
Chapter 4 Global Electric Ships Market Overview
Chapter 5 Competitive Analysis (Subject to Availability)
Chapter 6 Environmental, Social, and Governance (ESG) Analysis
Chapter 7 Qualitative Analysis
Chapter 8 Company Profiling (Subject to Availability)
Chapter 9 Global Electric Ships Market by Type Segmentation Analysis (2018-2030)
Chapter 10 Global Electric Ships Market by Ship Type Segmentation Analysis (2018-2030)
Chapter 11 Global Electric Ships Market by System Segmentation Analysis (2018-2030)
Chapter 12 Global Electric Ships Market by End-use Segmentation Analysis (2018-2030)
Chapter 13 Global Electric Ships Market Regional Analysis
Chapter 14 North America Electric Ships Market Outlook (2018 - 2030)
Chapter 15 Europe Electric Ships Market Outlook (2018 - 2030)
Chapter 16 Asia Pacific Electric Ships Market Outlook (2018 - 2030)
Chapter 17 Latin America Electric Ships Market Outlook (2018 - 2030)
Chapter 18 Middle East and Africa Electric Ships Market Outlook (2018 - 2030)
Chapter 19 Research Findings
Customize the Report Edition (Is applicable, On Request, Subject to Data Available, At an Additional Cost)
To know more about The Electric Ship Market TOC click here: https://www.cognitivemarketresearch.com/electric-ships-market-report#table_of_contents
Related Report:
• Marine Hybrid and Full Electric Propulsion System Market- https://www.cognitivemarketresearch.com/marine-hybrid-and-full-electric-propulsion-system-market-report
• Marine Electric Vehicle Market- https://www.cognitivemarketresearch.com/marine-electric-vehicle-market-report
• Electric Boat and Ship Market- https://www.cognitivemarketresearch.com/electric-boat-and-ship-market-report
𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬
Nicolas Shaw
Cognitive Market Research
20 N State Street,Chicago,
Illinois, 60602
United States
USA: +1 312-376-8303
Europe and UK: (+44) 20-8144-9523
Asia Pacific: (+852) 81930785
Email: sales@cognitivemarketresearch.com
Website: https://www.cognitivemarketresearch.com/about-us
About Cognitive Market Research Company :
Cognitive Market Research has evolved as one leading market research and consulting firm and it provides services across multiple domains. Cognitive Market Research gathers and analyzes data about customers, competitors, distributors, and other market actors and forces operating across the value chain. As a market research company, we follow a complete process of gathering information about the target market and end-use industries to verify the complete journey of the product or service in the global market. It helps our readers understand the demand and viability of their product/service and how it might perform in the real world and help them to build business strategies accordingly.
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