Electric Ships Market Prospects and Growth Assessment

1
Electric Ships Market Global Analysis and
Forecast to 2028

• Published Date Mar 2022

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2
Report Studies
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• Electric Ships Market Forecast to 2028 - COVID-19
  Impact and Global Analysis By Type (Battery
  Electric Ships, Plug-In Hybrid Electric Ships,
  and Hybrid Electric Ships), Power (Less Than 75
  KW, 75 - 150 KW, 151 - 745 KW, 746 - 7560 KW, and
  More Than 7560 KW), Range (Less Than 50 Km, 50 -
  100 Km, 101 - 1000 Km, and More Than 1000 Km),
  and Ship Type (Cruise Ships, Ferries, Tankers,
  Bulk Carriers, Fishing Vessels, Destroyers,
  Aircraft Carriers, and Others)
• The Electric Ships Market is expected to grow
  from US 3.82 billion in 2021 to US 7.76 billion
  by 2028 it is estimated to grow at a CAGR of
  10.3 from 2021 to 2028.

3
Electric Ships Market Overview
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• Several marine industry associations are focusing
  on reducing the gas emission from the shipping
  industry. For instance, according to a report
  published by the Norwegian Ministry of Climate
  and Environment, in April 2018, International
  Maritime Organization (IMO) adopted a plan for
  reducing greenhouse gas emissions from
  international shipping by at least 50 by the end
  of 2050 compared with the level in 2008.
  Additionally, the IMO strategy includes ambitions
  to improve the energy efficiency of each ship and
  to reduce the carbon intensity of the whole
  marine industry by reducing emissions per unit of
  transport work done by at least 40 by 2030 and
  further towards 70 by 2050, according to report
  published by the Norwegian Ministry of Climate
  and Environment. Also, in January 2020, according
  to IMO 2020 regulation, the IMO 2020 rule limits
  the use of Sulphur in the fuel oil used on board
  ships operating outside designated emission
  control areas to 0.50 m/m (mass by mass), a
  significant reduction from the previous limit of
  sulfur content by 3.50. This has also resulted
  in switching the existing diesel-driven engines
  with electric or hybrid propulsion systems by the
  ship integrators and owners.

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Key Segment Market
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• Segment By Type-
• By Type (Battery Electric Ships, Plug-In Hybrid
  Electric Ships, and Hybrid Electric Ships)
• Power (Less Than 75 KW, 75 - 150 KW, 151 - 745
  KW, 746 - 7560 KW, and More Than 7560 KW)
• Range (Less Than 50 Km, 50 - 100 Km, 101 - 1000
  Km, and More Than 1000 Km)
• Ship Type (Cruise Ships, Ferries, Tankers, Bulk
  Carriers, Fishing Vessels, Destroyers, Aircraft
  Carriers, and Others)

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5
Electric Ships Market Value
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• CAGR of 10.3
• (2021 - 2028)

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6
Company Profiles
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• BAE Systems
• Duffy Electric Boat Company
• Fjellstrand AS
• X Shore
• General Dynamic Electric Boat
• Hurtigruten
• MAN Energy Solutions
• PortLiner
• Siemens Energy
• VARD AS

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7
By Geography
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• North America (the US, Canada, and Mexico)
• Europe (the UK, Germany, France, Italy, Spain,
  and the Rest of Europe)
• Asia Pacific (China, Japan, India, Australia,
  South Korea, and the Rest of Asia Pacific)
• Middle East Africa (the UAE, Saudi Arabia,
  South Africa, and the Rest of Middle East
  Africa)
• South Central America (Brazil, Argentina, and
  the Rest of South Central America).

8
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