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

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


The Global Electric Ship Market Size is expected to reach USD 14.2 Billion by 2030 from USD 3.3 Billion in 2022 growing at a CAGR of 20.0% from 2022 to 2030. – PowerPoint PPT presentation

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Date added: 26 April 2024
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Title: Electric Ship Market - Size, Share, and Forecast Analysis for Growth by 2030

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_
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.
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
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