Global Electric Ships Market Analysis, Trends and Opportunities 2020 - 2026
Summary -
A new market
study, titled “Global Electric Ships Market - Global Demand, Sales, Consumption
and Forecasts to 2026 “ has been featured on WiseGuyReports.
Europe Electric Ships Market
Forecast till 2030
Market
Snapshot
Europe
Electric Ships Market is accounted to register a CAGR of 11.05% during the
assessment period of 2020 to 2030. Electric ships include electric ships and
hybrid ships and are specially used for commercial and defense applications.
Electric Ships have various advantages over conventional ships such as improved
maneuverability, lower fuel consumption and emissions, maximum torque at zero
speed, and high redundancy. Traditional ships can be co9verted into electrical
ships by retrofitting electrical systems in the existing system and newly built
ships and can be operated manually, remotely, or automatically.
The
European electric ship market has exhibited an incredible market lift in recent
years owing to an increase in seaborne trade and implementation of the IMO
Sulfur 2020 regulation. The expanding maritime tourism industry and the rising
seaborne trade are expected to propel the growth of the market during the
forecast period.
ALOS READ: https://www.openpr.com/news/2084989/europe-electric-ships-market
Market
Segmentation
The Europe
Electric Ships Market has been segregated by Type, System, Ship Type, Power,
Range, Operation, End-Use, and Country. Based on the type segment, the market
has been segregated into fully electric and hybrid. In terms of the system, the
market has been divided into energy storage systems, power generation, power
conversion, and power distribution systems. Based on the ship segment, the
European market has been categorized into commercial and defense. Based on
power type, the market has been divided into 1,000 km. Based on the operation
category, the market has been bifurcated into manned, remotely operated, and
autonomous. By the end-use industry, the market has been classified into new
build & line fit and retrofits.
Regional
Analysis
Region-specific
analysis of the Europe electric ships market has been divided, into the UK,
Germany, France, Russia, Italy, Norway, Turkey, Sweden, Greece, and the rest of
Europe.
In 2018,
the UK accounted for 11.39% of the European electric ships market followed by
Germany. Germany is estimated as the fastest-growing market for electric ships
during the forecast period. France is valued for the third-largest market share
in 2018.
Norway is
likely to drive the considerable market of the European electric ship market
owing to the presence of prominent electric ship companies such as KONGSBERG
MARITIME, Vard, and Norwegian Electric Systems. Additionally, the investments
made by major companies such as Siemens for the development of electric ships
in the country are also expected to propel the growth of the market in Norway.
Moreover, the rising Norwegian government support for the development of
environment-friendly maritime solutions is also expected to drive the electric
ship's market in Norway. According to the MRFR study, the electric ship's
market in Norway is evaluated to register a CAGR of 10.75% during the review
period.
Major
Players
The Key
companies covered in the Europe Electric Ships Market are BAE Systems plc (UK),
Kongsberg Maritime (Norway), Wärtsilä (Finland), Siemens (Germany), ABB
(Switzerland), General Electric (US), Leclanché (Switzerland), AKASOL AG
(Germany), Norwegian Electric Systems (Norway), and Volvo Penta (Sweden).
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Impacts
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FOR MORE DETAILS: https://www.wiseguyreports.com/reports/5533040-europe-electric-ships-market-research-report-forecast-till-2030
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