Electric Ship Market - Size, Share, and Forecast Analysis for Growth by 2030

1
Global Electric Ship Market - Size, Share, and
Forecast Analysis for Growth by 2030
The Electric Ship Industry is poised for
remarkable growth, with a projected worth of
14.2 billion by 2030, according to a
comprehensive report titled "Electric Ship
Market." The market is expected to expand at a
significant CAGR of 20.0 from 2022 to 2030,
driven by increasing demand for hybrid and fully
electric vessels across various segments. Key
Market Players Major players in the Electric
Ship market include ABB, Leclanché S.A., Siemens
AG, Wartsila, and Kongsberg Gruppen. These
companies are investing in RD to manufacture
advanced energy storage systems to meet future
sustainability and operational
requirements. Download PDF Brochure _at_
https//www.marketsandmarkets.com/pdfdownloadNew.a
sp?id167955093 Key Market Dynamics The
increasing need for reduced or zero-emission
transport systems is a primary driver of market
expansion. Electrification of ferries is seen as
a crucial step towards greener maritime tourism,
contributing to emission reduction. Power
Segment The 75-150 kW segment is projected to
dominate the market share during the forecast
period. Medium-size passenger ferries fall within
this power range, highlighting the focus on
emission reduction in maritime transport. Energy
Storage Systems Energy Storage Systems,
including batteries, ultra-capacitors, flywheels,
and fuel cells, are expected to dominate the
market. Lithium-ion batteries are particularly
prevalent in fully electric ferries with short
routes, emphasizing the shift towards
zero-emission propulsion. Mode of
Operation Manned ships are anticipated to
dominate the market, driven by retrofitting
initiatives and hybrid propulsion adoption.
Traditional crewed vessels remain significant,
with human operators making decisions both
onshore and offshore.
2
Regional Analysis Europe is projected to account
for the largest market share in 2022 and is
expected to witness the highest CAGR. Increasing
trade activities, electrification of marine
vessels, and geopolitical tensions are driving
market growth in the region. Ask for Sample
Report _at_ https//www.marketsandmarkets.com/reques
tsampleNew.asp?id167955093 About
MarketsandMarkets MarketsandMarkets has been
recognized as one of Americas best management
consulting firms by Forbes, as per their recent
report. MarketsandMarkets is a blue ocean
alternative in growth consulting and program
management, leveraging a man-machine offering to
drive supernormal growth for progressive
organizations in the B2B space. We have the
widest lens on emerging technologies, making us
proficient in co-creating supernormal growth for
clients. Earlier this year, we made a formal
transformation into one of America's best
management consulting firms as per a survey
conducted by Forbes. The B2B economy is
witnessing the emergence of 25 trillion of new
revenue streams that are substituting existing
revenue streams in this decade alone. We work
with clients on growth programs, helping them
monetize this 25 trillion opportunity through
our service lines - TAM Expansion, Go-to-Market
(GTM) Strategy to Execution, Market Share Gain,
Account Enablement, and Thought Leadership
Marketing. Built on the 'GIVE Growth' principle,
we work with several Forbes Global 2000 B2B
companies - helping them stay relevant in a
disruptive ecosystem. Our insights and
strategies are molded by our industry experts,
cutting-edge AI-powered Market Intelligence
Cloud, and years of research. The KnowledgeStore
(our Market Intelligence Cloud) integrates our
research, facilitates an analysis of
interconnections through a set of applications,
helping clients look at the entire ecosystem and
understand the revenue shifts happening in their
industry. To find out more, visit
www.MarketsandMarkets.com or follow us on
Twitter, LinkedIn and Facebook. Contact Mr.
Aashish Mehra MarketsandMarkets INC. 630
Dundee Road Suite 430 Northbrook, IL 60062 USA
1-888-600-6441 Email sales_at_marketsandmarkets.com