The first electric cargo ship was launched by China in 2017 in Guangzhou city. It traveled about 80 km in a single charge. This incorporation of electric ships by governments is boosting market growth. The maritime industry is an important segment of the transportation sector, as it is responsible for the transportation of 80% of the world's commodities according to, United Nations Conference on Trade and Development. The maritime industry emits 14% of the global Green House Gases (GHGs), making it the fourth-biggest sector in emissions globally responsible for global warming. To reduce the emission and to achieve the low-carbon standards required by global societal needs, the use of electric ship is a boon. Moreover, there has been a rapid increase in the utilization of electric power in ships, for the development of more efficient and environmentally friendlier ships, which further promotes a more flexible ship power system operation and configuration.
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The global Electric Ships Market report provides comprehensive market information, including classifications, definitions, and market analysis. This also helps with the awareness of various item specifics, the manufacturing cycle, the supply chain, and the cost structure. Along these lines, the understanding of the project's structural squares and key drivers of development is enhanced. To estimate the market size, boundaries such as import and fare, rules in various nations, inflation, legal and political variables, financial elements, and other minor aspects inside organizations have been broken down. The research examines the competitive landscape as well as the most current positions of major rivals in the Electric Ships industry.
Segmentation of Electric Ships Market: -
By Power Source
- Hybrid
- Fully Electric
By Autonomy Level
- Semi-Autonomous
- Fully Autonomous
By Vessel Type
- Commercial
- Defense
- Special
By Region
- North America (U.S., Canada, Mexico)
- Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
- Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
- Middle East Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
- South America (Brazil, Argentina, Rest of SA)
Leading Key Players Covered Electric Ships Market: -
- ABB (Switzerland)
- ECO Marine Power Co Ltd. (UK)
- Anglo Belgian Corporation NV (Belgium)
- Bae Systems (UK)
- Corvus Energy (Canada)
- Echandia Marine AB (Sweden)
- EST Floattech (Netherlands)
- General Dynamics Electric Boat (US)
- General Electric (US)
- Kongsberg Gruppen (Norway)
- Leclanché SA (Switzerland)
- Man, Energy Solutions (Germany)
- Norwegian Electric Systems (Norway)
- Siemens (Germany)
- Wartsila (Finland) and other major players.
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Effect of COVID-19 on the Electric Ships Market: -
The outbreak of COVID-19 in 2020 has severely affected the functioning and operational activities of various industries. The pandemic has negatively impacted the Electric Ship market. Due to the restrictions imposed by governments on the transportation and gatherings of workers, the functionality of the supply chain and logistics have been adversely affected. Moreover, the ban on tourism activities declined the manufacturing of electric ships for maritime tourism activities.
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Report Includes Competitor's Landscape:
- Major trends and growth projections by region and country
- Key winning strategies followed by the competitors
- Who are the key competitors in this industry?
- What shall be the potential of this industry over the forecast tenure?
- What are the factors propelling the demand for the Action Figures and Statues?
- What are the opportunities that shall aid in significant proliferation of the market growth?
- What are the regional and country wise regulations that shall either hamper or boost the demand for Action Figures and Statues?
- How has the covid-19 impacted the growth of the market?
- Has the supply chain disruption caused changes in the entire value chain?
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