According to the latest report, the Electric Ship Market is set for remarkable growth, expanding from $3.3 billion in 2022 to an impressive $14.2 billion by 2030, at a CAGR of 20.0%.
Key drivers of this growth include:
Dominance of the 75-150 kW Segment: Medium-size passenger ferries in the 75-150 kW range are leading the push for reduced emissions, crucial for green transformation in maritime tourism.
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Energy Storage System Leadership: The Energy Storage System segment, utilizing advanced batteries, ultra-capacitors, and fuel cells, is set to dominate, especially with lithium-ion batteries in short-route ferries and hybrid systems in larger ships.
Manned Operation: Traditional manned vessels will continue to lead, driven by retrofitting diesel ships with electric and hybrid propulsion systems.
Europe at the Forefront: Europe not only holds the largest market share in 2022 but is also expected to witness the highest CAGR. The region is benefiting from increased trade activities, marine vessel electrification, and significant investments in R&D for advanced energy storage systems.
Key Market Players:
Major players driving innovation and growth include ABB (Switzerland), Leclanché S.A. (Switzerland), Siemens AG (Germany), Wartsila (Finland), and Kongsberg Gruppen (Norway).
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The future of maritime transport is here, promising sustainable and efficient solutions for both commercial and defense sectors.
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