Electric Boat and Ship Market Share 2022 COVID-19 Impact and Regional Outlook 2030

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Market Research Report
EXCLUSIVE EDITION
Electric Boat and Ship Market Report
Opportunities, and Forecast By 2030
Global Industry Analysis, Forecast and Trends,
2022-2030
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Electric Boat and Ship Market
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Electric Boat and Ship Market Share 2022 COVID-19
Impact and Regional Outlook 2030
Electric Boat and Ship Market by Propulsion Type
(Hybrid and Pure Electric), by Battery Type
(Lead- acid, Lithium-ion, and Nickel-based), by
Carriage Type, by Power, by Range, by Tonnage, by
Mode of Operation, by Region Global Share and
Forecast to 2030 Description The global electric
boat and ship market size was USD 4.9 billion in
2021 and is estimated to reach USD 12.6 billion
by 2030, growing at a CAGR of 12.6 during the
forecast period (2022- 2030). Electric boats and
ships carry off marine operations through
batteries rather than the fuel. They utilize
batteries similar to electric vehicles they need
larger batteries that last for long periods for
operating smoothly. With growing emission norms
and regulations, batteries have become
significant. As new technologies have been
increasing in the design, control, and
optimization of batteries, the electric boat and
ship market will witness healthy growth during
the forecast period. Moreover, Some shipowners
are looking towards batteries as a greener, more
efficient power source and are working on
various projects embedding these technologies
onto boats and ships. For instance, In April
2021, Japanese shipping company Asahi Tanker
unveiled its new first-of-its-kind fully electric
vessel powered by only lithium-ion batteries
supplied by Corvus Energy, and e5 Lab designs
these batteries.
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Global Electric Boat and Ship Market
Definition An electric boat is a type of electric
vehicle designed to carry off marine operations
by propelling the boat through batteries rather
than by fuel. Electric boats and electric
vehicles batteries are same. Electric ships are
mostly ferries and small passenger ships on
inland waterways that sail completely with
electricity. Request Sample Copy of this Report
https//www.marketstatsville.com/request-sample/el
ectric- boat-and-ship-market Global Electric Boat
and Ship Market Dynamics Drivers Growing
Stringent Rules and Regulations Maritime trade is
one of the most important contributors to the
economy, with the industry carrying more than
80 of the worlds traded goods from one port to
the other worldwide. But Ships produce a large
amount of exhaust gases, including nitrogen
oxide, sulfur oxide, and CO2. With cargo ships
being one of the highest sources of pollution in
seaports, increasing emphasis on reducing
emissions from the boats and ships has been
rising.
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However, organizations such as the International
Maritime Organization (IMO) have implemented
numerous regulations and targets to reduce and
cut down emissions. These instances, in turn,
boost demand for electric ships and boats during
the forecast period. For instance, The 2030 Green
Ship-K Promotion Strategy, a central part of the
South Koreas, plans to complete
carbon-neutrality by 2050, specifically
targeting the advancement and wider use of
low-carbon ship technology, including hydrogen
fuel cells and propulsion systems. Restraints
Few Characteristics of Electric Boats and Ships
to Slowdown Market Growth Limited range anxiety,
high purchase cost, lack of proper charging
facility are some of the few characteristics of
electric boats and ships restraining the market's
growth. Moreover, improper batteries disposal
threats as Ship and boat Owners need to optimize
the recharging process while ensuring that
batteries are powered solely by green energy and
for recycling, as batteries are typically
removed once they reach 80 of their initial
capacity, then turned over for use onshore or for
scrap to slow down the adoption of electric
propulsion system. With the dominant share of
alternative propulsion systems and high overall
efficiency of gasoline boats and ships when
compared to electric, coupled with the recall of
batteries anticipated to act as a restraint for
the growth of the market. For instance, In July
2019, Torqeedo detected a defect on some of its
batteries and recalled lithium-ion batteries used
in two Torqeedo Travel and Ultralight outboard
engines used to power recreational or sports
boats.
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• Scope of the Global Electric Boat and Ship Market
• The study categorizes the electric boat and ship
  market based on propulsion, battery, carriage,
  power, range, tonnage, mode of operation, and
  region.
• Direct Purchase Report https//www.marketstatsvil
  le.com/buy-now/electric-boat-and-ship-market?opt2
  950 By Propulsion Type Outlook (Sales/Revenue,
  USD Billion, 2017-2030)
• Hybrid
• Pure Electric
• By Battery Type Outlook (Sales/Revenue, USD
  Billion, 2017-2030)
• Lead-acid
• Lithium-ion
• Nickel-based Batteries
• By Carriage Type Outlook (Sales/Revenue, USD
  Billion, 2017-2030)
• Passenger
• Cargo
• By Power Outlook (Sales/Revenue, USD Billion,
  2017-2030)
• lt75KW
• 75-150KW
• 151-745KW
• 746-7,560KW
• gt7,560KW

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• By Range Outlook (Sales/Revenue, USD Billion,
  2017-2030)
• lt50Km
• 50-100Km
• 101-1000Km
• gt1,000Km
• By Tonnage Outlook (Sales/Revenue, USD Billion,
  2017-2030)
• lt500DWT
• 500-5,000DWT
• 5,001-15,000DWT
• gt15,000DWT
• By Mode of Operation Outlook (Sales/Revenue, USD
  Billion, 2017-
• 2030)
• Manned
• Remotely Operated
• Autonomous

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• By Region Outlook (Sales/Revenue, USD Billion,
  2017-2030)
• North America (US, Canada, Mexico)
• South America (Brazil, Argentina, Colombia, Peru,
  Rest of Latin America)
• Europe (Germany, Italy, France, UK, Spain,
  Poland, Russia, Slovenia, Slovakia, Hungary,
  Czech Republic, Belgium, the Netherlands,
  Norway, Sweden, Denmark, Rest of Europe)
• Asia Pacific (China, Japan, India, South Korea,
  Indonesia, Malaysia, Thailand, Vietnam, Myanmar,
• Cambodia, the Philippines, Singapore, Australia
  New Zealand, Rest of Asia Pacific)
• The Middle East Africa (Saudi Arabia, UAE,
  South Africa, Northern Africa, Rest of MEA)
• The hybrid segment is projected to account for
  the largest market share Access full Report
  Description, TOC, Table of Figure, Chart,
• etc https//www.marketstatsville.com/table-of-con
  tent/electric-boat-and-ship-market
• The global electric boat and ship market is
  divided into hybrid and pure electric based on
  propulsion type. In 2021, the hybrid segment
  accounted for the largest market share of 78.7
  in the global electric boat and ship market.
  Advantages, such as energy storage, longer range,
  increased fuel efficiency, and the consequent
  reduction of operational costs, drive the
  segments growth. Stringent regulations on the
  maritime transportation sector, coupled with the
  production of lighter and more powerful
  batteries, are expected to encourage the
  shipping industry to develop these products.

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Also, the existing boat and ship users are
converting their fleet into hybrid ships (to run
a combination of battery and diesel engines). In
April 2019, under the HybridShip project, ABB and
SINTEF were collaborating with Fiskerstrand, a
Norwegian shipyard, to convert an existing ferry
to be retrofitted with fuel cells. Moreover,
Electric Boats of New Zealand is one of many
companies that provides conversion solutions for
existing diesel engine boat owners. The company
also provides pure electric and hybrid sailing
boats, utilizing solar energy to recharge the
battery. Asia Pacific accounts for the highest
CAGR during the forecast period Based on the
regions, the global electric boat and ship market
has been segmented across North America,
Asia-Pacific, Europe, South America, and the
Middle East Africa. Globally, Asia Pacific is
estimated to hold the highest CAGR of 13.4 in
the global electric boat and ship market during
the forecast period. In the Asia Pacific, China
is accounted for the largest market share of
40.4, wheras India is the fastest-growing
country with a CAGR of 14.0 during the projected
period. China is a renowned name when it comes to
boating, and the country is also organizing
various international boat exhibitions. China
will organize its 26th China (Shanghai)
International Boat and Technical Equipment
Exhibition (CIBS) in 2022. This event is one of
the oldest yacht events in Asia. The exhibition
has visitors from various parts of the world and
comprises various events covering boats,
accessories, boat services, equipment and water
sports, etc.
Request For Report Description
https//www.marketstatsville.com/electric-boat-and
-ship-market
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