What is Electric Ships Market?
Electric ships include an integrated power system (IPS) connecting sources, energy storage systems, loads, and electric propulsion modules (EPM) in a zonal electrical distribution system. It is mainly ferries and small passenger ships on inland waterways that sail completely with electricity. Growing demand for fully electric ships with electric propulsion is the major factor driving the market growth.
The market study is being classified by Type (Plug-in and Conventional), by Application (Work and Leisure) and major geographies with country level break-up.
PortLiner (Netherlands), ABB (Switzerland), Corvus Energy (Canada), Asahi Tanker (Japan), Norwegian Electric Systems AS (Norway), Guangzhou Shipyard (China), AIDA Cruises (Germany) and Wartsila (Finland) are some of the key players profiled in the study.
Global Electric Ships is a fragmented market due to the presence of various players. The players are focusing on investing more in Launching Products. These will enhance their market presence. The companies are also planning strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge.
Analyst at AMA have segmented the market study of Global Electric Ships market by Type, Application and Region.
On the basis of geography, the market of Electric Ships has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Increase in Recreational Activities across Well-Developed Countries
- Pioneering in Electric Transportation
- Awareness about Environmental Safety
- Volatile Raw Material Prices coupled with High Prices of Electric Ships
- Rising Demand for Environmentally Friendly Vessels in Marine Industry
- Government Supports Regarding Reducing Reliability over Fossil Fuels
- Technical Challenges and Acceptance of an Electric Boat
- Poor Charging Infrastructure
On 16th November 2021, Wartsila has launched the Two-Stroke Future Fuels Conversion platform. The new platform enables the fast and cost-effective conversion of two-stroke main engines to operate on clean-burning future fuels.
Key Target AudienceElectric Ships Manufacturers, Electric Ships Distributors and Suppliers, Regulatory Bodies, Potential Investors, Research and Development Institutes and Others
Frequently Asked Questions (FAQ):
1. Which factors would majorly drive the Electric Ships Market?
"Increase in Recreational Activities across Well-Developed Countries" is seen as one of major growth factors of Electric Ships Market in years to come.
2. Can we have customized study for Electric Ships Market?
The Study can be customized subject to feasibility and data availability. Please connect with our sales representative for further information.
3. Which region will lead the Global Electric Ships Market?
will lead Electric Ships Market in coming years.