Electric Ships Market Future Growth Share, Opportunities and Forecast Report by 2020-2027

Posted on Sep 11 2023 5:32 AM

"Electric Ship Market Size, Share & COVID-19 Impact Analysis, By Ship Type (Commercial Ship and Passenger Ship), By Mode of Operation (Semi-autonomous and Fully Autonomous), By Power Output (Up to 745 kW, 746-7560 kW, and Above 7560 kW), By Propulsion Type (Hybrid and Fully Electric), and Regional Forecast, 2023 – 2030"

The global Electric Ships Market size is projected to grow from USD 10.82 billion by 2027 to  USD 5.50 billion in 2019, at a CAGR of CAGR of 11.2% during the forecast period. The growth of the market is driven by the growing demand for driver assistance systems and stringent safety mandates for a safer driving experience.

Implementation of Various Regulations to Surge Demand

The International Maritime Organization deployed the global Sulphur cap in January 2020. Under this rule, ships would require low Sulphur fuels to operate outside the emission control areas (ECAs). As compared to the previous limit of 3.5% or less, ships should use fuels with Sulphur content of 0.5% or less this year. Also, the uncertainties regarding the availability of compliant fuels would also accelerate the electric ships market growth in the coming years. However, the adoption of electric vehicles may decline because of the current battery technology that requires a large amount of energy.

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Electric Ships Industry Competitive Analysis:

The Electric Ships Market report examines competitive scenario by analyzing key players in the market. The company profiling of leading market players is included this report with Porter's five forces analysis and Value Chain analysis. Further, the strategies exercised by the companies for expansion of business through mergers, acquisitions, and other business development measures are discussed in the report. The financial parameters which are assessed include the sales, profits and the overall revenue generated by the key players of Market.

Major Electric Ships Manufacturers covered in the market report include:

  • 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)


By Power Source

By Power Output

By Vessel Type

By Level of Autonomy

By Level of Autonomy

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Electric Ships Regional Analysis:

This study provides an overview of the Global Electric Ships , tracking five market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the Global Electric Ships by its Type, Applications, End User and Region.

Table of Content:

  • Market Overview
  • Market Analysis by Type
  • Market Analysis by Applications
  • Market Analysis by Regions
  • North America (United States, Canada and Mexico)
  • United States Market States and Outlook 
  • Canada Market States and Outlook 
  • Mexico Market States and Outlook 
  • Europe (Germany, France, UK, Russia and Italy)
  • Germany Market States and Outlook 
  • France Market States and Outlook 
  • UK Market States and Outlook 
  • Russia Market States and Outlook 
  • Italy Market States and Outlook 
  • Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
  • China Market States and Outlook 
  • Japan Market States and Outlook 
  • Korea Market States and Outlook 
  • India Market States and Outlook 
  • Southeast Asia Market States and Outlook 
  • South America, Middle East and Africa
  • Brazil Market States and Outlook 
  • Egypt Market States and Outlook 
  • Saudi Arabia Market States and Outlook 
  • South Africa Market States and Outlook 
  • Turkey Market States and Outlook 
  • Market Dynamics
  • Market Opportunities
  • Market Risk
  • Market Driving Force
  • Manufacturers Profiles
  • Continued…

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