Electric Ships Market revenue to cross USD 7 Bn by 2027: Global Market Insights Inc.

Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/4640  Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/4640  The electric ships market was negatively impacted by the COVID-19 pandemic that emerged in 2020. The COVID-19 pandemic has massively hit the production of critical components required in ship-building and caused a shift in value chains. A majority of ship building companies were...

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The electric ships market was negatively impacted by the COVID-19 pandemic that emerged in 2020. The COVID-19 pandemic has massively hit the production of critical components required in ship-building and caused a shift in value chains. A majority of ship building companies were forced to halt production and development of new technologies due to the unavailability of raw materials in 2020; however, the industry is expected to witness a steady growth post the reduction in pandemic impact.

The retro fit segment growth is driven by the growing trend of retrofitting electric/hybrid engines in existing ships and vessels. In March 2021, Holland Shipyards Group (HSG) announced to retrofit zero-emission hydrogen (H2) propulsion system on 'Maas', which is a container vessel of Future Proof Shipping (FPS). The new retrofitted propulsion system will be integrated with a 504 kWh lithium-ion (Li-ion) battery pack that will provide peak shaving, secondary & bridging power for the propulsion.

North America electric ship market is showcasing a high demand during the forecast period owing to the increasing emissions of greenhouse gases from diesel-operated ships. According to the U.S. Environmental Protection Agency (EPA) in 2019, the combustion of fossil fuels including gasoline & diesel to transport people and goods has been the largest source of CO2 emissions. It accounted for about 35% of the total U.S. CO2 emissions and 28% of the total U.S. greenhouse gas emissions.

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Prominent market players include ABB, Siemens, HAV Group, Damen Shipyards, Guangzhou Shipyard International Company Ltd., Tersan Shipyard, and Tuco Marine Group. Companies are focusing on partnerships and collaborations to develop technological expertise and enhance market share.

Table of Contents (ToC) of the report:

Chapter 3 Electric Ship Market Insights

3.1  Industry segmentation

3.2  Impact of COVID-19 on industry landscape

3.2.1  Global outlook

3.2.2  Regional impact

3.2.3  Industry value chain

3.2.3.1  Research & development

3.2.3.2  Manufacturing

3.2.3.3  Marketing

3.2.3.4  Supply

3.2.4  Competitive landscape

3.2.4.1  Strategy

3.2.4.2  Distribution network

3.2.4.3  Business growth

3.3  Industry ecosystem analysis

3.3.1  Component suppliers

3.3.2  System integrators

3.3.3  Distribution channel analysis

3.3.4  Vendor matrix

3.4  Evolution of electric ship technology

3.5  Technology & innovation landscape

3.6  Regulatory landscape

3.7  Industry impact forces

3.7.1  Growth drivers

3.7.2  Industry pitfalls & challenges

3.8  Growth potential analysis

3.9  Porter's analysis

3.9.1  Supplier power

3.9.2  Buyer power

3.9.3  Threat of new entrants

3.9.4  Threat of substitutes

3.9.5  Internal rivalry

3.10  PESTEL analysis

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