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Global Electric Ship Market
Global Electric Ship Market
The GMI Research foresees an enlargement in the Electric Ship Market over the forecast period. The surging emphasis of shipbuilders to reduce the noise created by the marine vessel propulsion systems has stimulated the market growth.
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Electric Ship Market Dynamics
The increasing endorsement of hybrid and electrifying propulsion to upgrade ships and the expansion in the marine tourism industry are the significant factors impelling the growth of the global Electric Ship Market. Also, the growing emphasis to decrease the destructive ejection from ships will further stimulate the market growth. For instance, the European Union in 2018, issued a study on abidance with the sulphur demands for marine fuels to decrease the content of sulphur of all liquid fuels. The reforms striving to certify the 0.50 % sulfur cap in marine fuels will be executed by 2020. These alterations focussing on decreasing impurities at sea and in the air are anticipated to fuel the market growth. Further, the enforcement of Sulfur 2020 Rule and expansion in marine time tourism sector will impel the Global electric ship market size.
Further, the capability of charging batteries through inexhaustible energy sources such as solar or wind energy and the augmenting establishment of powerful batteries have created several opportunities for the market growth. As per the Global Electric Ships Market Analysis, the amplification in seaborne exchange and the increasing advancement in the lithium-ion batteries will further stimulate the market growth. However, the confined ability of fully-electric ships and elevated downtime required to retrofit ships are projected to restrain the Electric Ships Market Size.
Electric Ship Market Segmentation:
Segmentation by Type
· Fully Electric
o Lithium Battery
o Lead Acid Battery
o Electro-Solar
o Fuel Cells
· Hybrid
o Diesel & Battery Driven
o LPG/LNG & Battery Driven
Segmentation by System
· Energy Storage Systems
o <1,000 kW
o 1,000 – 5,000 kW
o >5,000 kW
· Power Conversion
· Power Generation,
o Generators
o Engines
o Propulsion Motors
· Power Distribution
Segmentation by Mode of Operation
· Manned
· Remotely Operated
· Autonomous
Segmentation by Ship Type
· Commercial
o Passenger Vessels
o Yachts
o Ferries
o Cruise Ships
o Cargo Vessels
o Container Vessels
o Bulk Vessels
o Tankers
o General Cargo Ships
o Others
o Fishing Vessels
o Dredgers
o Tugs, & Workboats
o Research Vessels
o Submarine
· Defence
o Destroyers
o Frigates
o Corvettes
o Offshore Support Vessels (OSV)
o Aircraft Carriers
o Submarine
Segmentation by Power
· <75 kW
· 75-150 kW
· 151-745 kW
· 756-7,560 kW
Segmentation by Range
· <50 km
· 50-100 km
· 101-1,000 km
· >1,000 km
Segmentation by End Use
· Newbuild and Line Fit
· Retrofits
Segmentation by Region:
· Europe
o United Kingdom
o Germany
o France
o Spain
o Rest of Europe
· Asia Pacific
o China
o Japan
o India
o Rest of APAC
· North America
o United States of America
o Canada
· RoW
o UAE
o Brazil
o South Africa
o Saudi Arabia
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