The Electric Ships Market Size 2023 Research report presents an in-depth analysis of the Electric Ships Market size, growth, share, segments, manufacturers, and forecast, competition landscape and growth opportunity. This report also focuses on key trends, market drivers, challenges, standardization, deployment models, future road-map, revenue and 2027 forecast. Moreover, this research report categorizes the global Electric Ships Market by companies, region, type and end-user industry.

Market Growth Drivers: 

In January 2020, the International Maritime Organization implemented the global Sulphur cap that requires ships operating outside of emission control areas (ECAs) to use low Sulphur fuels. Ships need to utilize fuels with a Sulphur content of 0.5% or less, as compared to the previous limit of 3.5% or less. However, unlike the residual fuels used by the majority of the ships, the cost of compliant fuels is expected to be around 50% higher. Furthermore, according to the International Chamber of Shipping (ICS), a collective cost of USD 50 billion to the industry is expected owing to the new regulations with an additional price spike. It is attributed to the early uncertainty regarding the availability of compliant fuels. Hence, the increasing adoption of environment-friendly electric ships is expected among ship operators. It can also help to reduce operating costs. These factors are set to fuel the electric ships market growth.

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Who are the Major Electric Ships Market Vendors?

• Kongsberg (Norway)
• Leclanche (Switzerland)
• Corvus Energy (Canada)
• Echandia Marine AB (Sweden)
• Siemens (Germany)
• Vard (part of Fincantieri SpA) (Norway)
• Norwegian Electric Systems (Norway)
• General Dynamics Electric Boat (U.S.)
• MAN Energy Solutions SE (Germany)
• Wartsila (Finland)
• Schottel Group (Germany)
• Anglo Belgian Corporation NV (Belgium)
• Eco Marine Power (Japan)
• Akasol AG (Germany)

Key Points from Table of Contents:

1. Introduction
   1.1. Research Scope
   1.2. Market Segmentation
   1.3. Research Methodology
   1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
   3.1. Market Drivers
   3.2. Market Restraints
   3.3. Market Opportunities
4. Key Insights
   4.1 Global Statistics — Key Countries
   4.2 New Product Launches
   4.3 Pipeline Analysis
   4.4 Regulatory Scenario — Key Countries
   4.5 Recent Industry Developments — Partnerships, Mergers and Acquisitions
5. Global Electric Ships Market Analysis, Insights and Forecast
   5.1. Key Findings/ Summary
   5.2. Market Analysis — By Product Type
   5.3. Market Analysis — By Distribution Channel
   5.4. Market Analysis — By Countries/Sub-regions

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