Global Electric Ships Market was valued at USD 5.10 billion in 2021 and is expected to reach USD 10.52 billion by the year 2028, at a CAGR of 10.9%.
The latest research on the Electric Ships market provides a comprehensive overview of the market for the years 2023 to 2029. It gives a comprehensive picture of the global Electric Ships industry, considering all significant industry trends, market dynamics, competitive landscape, and market analysis tools such as Porter's five forces analysis, Industry Value chain analysis, and PESTEL analysis of the Electric Ships market. Moreover, the report includes significant chapters such as Patent Analysis, Regulatory Framework, Technology Roadmap, BCG Matrix, Heat Map Analysis, Price Trend Analysis, and Investment Analysis which help to understand the market direction and movement in the current and upcoming years. The report is designed to help readers find information and make decisions that will help them grow their businesses. The study is written with a specific goal in mind: to give business insights and consultancy to help customers make smart business decisions and achieve long-term success in their particular market areas.
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
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The Report Will Include A Major Chapter
- Patent Analysis
- Regulatory Framework
- Technology Roadmap
- BCG Matrix
- Heat Map Analysis
- Price Trend Analysis
- Investment Analysis
- Company Profiling and Competitive Positioning
- Industry Value Chain Analysis
- Market Dynamics and Factors
- Porter’s Five Forces Analysis
- Pestle Analysis
- SWOT Analysis
Key Prominent Players In The 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.
Market segmentation
Electric Ships Market Segment By Power Source
- Hybrid
- Fully Electric
Electric Ships Market Segment By Vessel Type
- Commercial
- Defense
- Special
Regional Analysis for COVID-19 Outbreak-Global Electric Ships Market:
- APAC (Japan, China, South Korea, Australia, India, and Rest of APAC)
- Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe)
- North America (U.S., Canada, and Mexico)
- South America (Brazil, Chile, Argentina, Rest of South America)
- MEA (Saudi Arabia, UAE, South Africa)
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COVID-19 Impact On The Electric Ships Market
It is not anticipated that the extraction of commodities like steel, copper, and aluminium will be impacted by the COVID-19 pandemic epidemic. Major extractors in China continued to harvest raw materials despite trade restrictions throughout the first half of 2020. Copper, for example, will reach USD 10,000 per ton for the first time in ten years in May 2021 as the price of raw materials continues to grow. The global automotive sector has been severely impacted by the COVID-19 pandemic. This can be seen in the supply chain disruptions caused by China's exports of parts, the widespread manufacturing disruptions in Europe, and the closure of assembly facilities in the US and other big nations like India and Brazil, where the automobile industry has a significant economic impact.
Key Benefits for Industry Participants Stakeholders:
- Industry drivers, restraints, and opportunities covered in the study
- Neutral perspective on the market performance
- Recent industry trends and developments
- Competitive landscape strategies of key players
- Potential niche segments and regions exhibiting promising growth covered
- Historical, current, and projected market size, in terms of value
- In-depth analysis of the Electric Ships Market
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