The Electric Ships Market report provides insights into the latest trends. This report provides a detailed analysis of global market size, regional and country level market size, growth, share, competitive landscape, sales analysis, impact of local and global Center and Drag Link Market players, value chain optimization, trade regulations, recent developments, opportunities. presents. analysis, strategic market growth analysis, product launches, field market expansion and technological innovations.
List of Key Companies Operating in Electric Ships Market :
- Kongsberg (Norway)
- Leclanche (Switzerland)
- Corvus Energy (Canada)
- Echandia Marine AB (Sweden)
- Siemens (Germany)
- Vard (part of Fincantieri SpA) (Norway)
- Norwegian Electric Systems (Norway)
- General Dynamics Electric Boat (U.S.)
- MAN Energy Solutions SE (Germany)
- Wartsila (Finland)
- Schottel Group (Germany)
- Anglo Belgian Corporation NV (Belgium)
- Eco Marine Power (Japan)
- Akasol AG (Germany)
Global Electric Ships Market Size Highlights:
The global electric ships market size was USD 5.50 billion in 2019 and is projected to reach USD 10.82 billion by 2027, exhibiting a CAGR of 11.2% during the forecast period.
Electric Ships Market Market Drivers :
In January 2020, the International Maritime Organization implemented the global Sulphur cap that requires ships operating outside of emission control areas (ECAs) to use low Sulphur fuels. Ships need to utilize fuels with a Sulphur content of 0.5% or less, as compared to the previous limit of 3.5% or less. However, unlike the residual fuels used by the majority of the ships, the cost of compliant fuels is expected to be around 50% higher. Furthermore, according to the International Chamber of Shipping (ICS), a collective cost of USD 50 billion to the industry is expected owing to the new regulations with an additional price spike. It is attributed to the early uncertainty regarding the availability of compliant fuels. Hence, the increasing adoption of environment-friendly electric ships is expected among ship operators. It can also help to reduce operating costs. These factors are set to fuel the electric ships market growth.
Regional Overview:
The global Keyword Market 2023-2027 is divided into various market segments based on the locations that they are around the globe. This segmentation is useful as it categorizes the various factors that are used to measure the growth of the market according to the various regions. The data collected is accurate and ensures easier segmentation. The market share for the various regions is included. The import and export of the various regions are demarcated along with the consumption and production of Keyword in the different regions. Keyword and the market drivers that promote growth are discussed in detail in the report. The regional markets covered in the report are North America, China, Japan, and Europe among others.
Table of content:
- Introduction
- Research Scope
- Market Segmentation
- Research Methodology
- Definitions and Assumptions
- Executive Summary
- Market Dynamics
- Market Drivers
- Market Restraints
- Market Opportunities
- Key Insights
- Key Emerging Trends – For Major Countries
- Latest Technological Advancement
- Regulatory Landscape
- Industry SWOT Analysis
- Porters Five Forces Analysis
- Qualitative Analysis – Impact of COVID-19
- Impact of COVID-19 on the Keyword Market
- Steps Taken by the Government to Overcome the Impact
- Key Developments by Industry Players in Response to COVID-19
- Potential Opportunities and Challenges due to COVID-19 Outbreak
- Competitive Analysis
- Company Market Share Analysis, 2023-XXX
- Company Profile
- Business Overview
- Product & Service Offering
- Overall Revenue
- Geographic Presence
- Recent Development
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