Press release
Electric Ships Market at a CAGR of 10.8% | by Type, System, Mode of Operation, Ship Type, Power, Range, Tonnage, End Use, Geography
Electric Ships Market
Electric Ships Market research report helps in gathering and analysing useful insights such as global market size, forecast and Compound Annual Growth Rate (CAGR) of a particular industry. It also helps in determining the market status, future prospects, growth opportunity, main challenges about the market for any industry. Electric Ships Market research report also provides complete analysis of the industry, current market trend, overview of the established market players, competitor analysis, for effective decision-making capabilities of the debutant and established entrepreneurs. It helps in streamlining the plan of action, before any new product launch and formulating respective marketing strategies.
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Electric Ships Market Key Players:
ABB Limited
Siemens AG
Kongsberg Gruppen
General Dynamics Electric Boat
Corvus energy
Echandia Marine AB
General Dynamics Electric Boat
Anglo Belgian Corporation (Abc) Nv
Schottel Gmbh
Visedo (Danfoss)
Eco Marine Power Co Ltd.
Akasol Ag
Est Floattech
Fjellstrand
In September 2019, Corvus Energy received a contract from AIDA Cruises (Germany) to supply a battery package for its cruise vessels. Under this contract, Corvus Energy will supply a 10MWh energy storage system for the AIDAperla ship by 2020.
ABB won three contracts with Orange Marine, Global Mercy and Oceano for installation of their newly developed Azipod Electric Propulsion system in 2021.
An electric boat is a form of electric vehicle designed to carry off marine operations by propelling the boat through batteries rather than by fuel. Batteries used in electric boats are similar to the batteries used in electric vehicles. Electric ships are mainly ferries and small passenger ships on inland waterways that sail completely with electricity. They sail only short distances and dock often.
International Maritime Organization's ruling on reducing sulphur emissions and worldwide adoption of fully electric passenger vessels is the factor that has supported long-term expansion for Electric Ships Market.
The COVID-19 pandemic hampered the growth of the electric boat and ship market due to the shutdown of manufacturing facilities and trade restrictions imposed worldwide.
Europe is projected to grow the highest CAGR during the forecast period, due to the increase in demand for electric ships for fully electric passenger vessels, tugs, yachts, and cruise vessels, among others. Countries such as Norway, Finland, and Denmark have actively started replacing conventional passenger ferries with fully electric passenger ferries. Major developments in autonomous electric vessels that use fuel cells and remotely controlled electric vessels are also driving the market in Europe to grow.
Electric Ships Market: Table of Contents
Electric Ships Market is segmented into type, system, mode of operation, ship type, power, range, tonnage, end use and region.
On the basis of Type
Fully electric
hybrid
On the basis of System
Energy Storage Systems
Power Conversion
Power Generation
Power Distribution
On the basis of Mode of Operation
Manned
Remotely Operated
Autonomous
On the basis of Ship Type
Commercial
Defence
On the basis of Power
7,560KW
On the basis of Range
1,000Km
On the basis of Tonnage
15,000DWT
On the basis of End-User
New Build and Line fit
Retrofit
On the basis of Region
Asia Pacific
North America
Europe
South America
Middle East & Africa
Reasons to Acquire
Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends and factors
Gain authentic and granular data access for Electric Ships Market so as to understand the trends and the factors involved behind changing market situations
Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns
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