Electric Ships Market Trends, Market Share, Industry Size, Growth, Opportunities and Market Forecast – 2022 to 2028

The electric ships market size is to grow to USD 6.45 billion in 2019 with an average annual growth rate (CAGR) of 11% from 2022 to 2028. The market is in the introductory stage and the breadth of growth is wide. Forecast period. The increasing demand for reduced carbon footprint and reduced fuel waste has led to the need for electric powered ships. In addition, shipbuilders’ interest in reducing the noise generated by ship propulsion systems is increasing, supporting the market growth. Transportation accounted for more than 29% of greenhouse gas emissions in the United States in 2017, according to the Environmental Protection Agency (EPA). The transportation sector is one of the leading drivers of increasing greenhouse gas emissions worldwide. These emissions from transportation are primarily from burning fossil fuels in aircraft, trains, ships and vehicles.

Company Profile

• AKASOL AG (Germany)
• Anglo Belgian Corporation NV (Belgium)
• BAE Systems (UK)
• Corvus Energy (Canada)
• Echandia Marine AB (Sweden)
• ECO Marine Power (Japan)
• EST-Floattech (Netherlands)

Market Segmentation

By Product Type

• Hybrid
• Pure Electric

By Battery Type

• Lead-acid
• Lithium-ion
• Nickel-based Batteries

By Carriage Type

• Passenger
• Cargo

Scope of the Report

The research study analyzes the Electric Ships industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:

Recent Developments

o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment

Geographic Coverage

o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume

Key Questions Answered by Electric Ships Market Report

1. What was the Electric Ships Market size in 2019 and 2020; what are the estimated growth trends and market forecast (2022-2028).

2. What will be the CAGR of Electric Ships Market during the forecast period (2022-2028)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2022? How these segments are expected to grow during the forecast period (2022-2028).
4. Which manufacturer/vendor/players in the Electric Ships Market was the market leader in 2020?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.