Global Electric Ships Market Size research report 2021 offers in-depth assessment of revenue growth, market definition, segmentation, industry potential, influential trends for understanding the future outlook and current prospects for the market. This study provides information about the sales and revenue during the historic and forecasted period of (2021 to 2028). Understanding the segments helps in identifying the importance of different factors that aid market growth. Estimations about the CAGR value for specific forecast period, market drivers, market restraints, and competitive strategies are assessed in this Electric Ships Market report.

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September 2020 – Corvus Energy secured a contract from Holland Ship Electric to supply lithium-ion-based energy storage systems for five new ships being built by Holland Shipyards Group for GVB, Amsterdam’s municipal public transport provider.

Key players covered in the global Electric Ships Market research report:

Kongsberg
Leclanche
Corvus Energy
Echandia Marine AB
Siemens
Vard (part of Fincantieri SpA)
Norwegian Electric Systems
General Dynamics Electric Boat
MAN Energy Solutions SE
Wartsila
Schottel Group
Anglo Belgian Corporation NV
Eco Marine Power
Akasol AG
Drivers & Restraints

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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An Overview of the Impact of COVID-19 on this Market:

The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.

We are making continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.

Major Table of Contents for Electric Ships Market Research Report:

Introduction
Executive Summary
Market Dynamics
Key Market Growth Insights
Global Market Analysis, Insights and Forecast, 2017-2028
North America Market Analysis, Insights and Forecast, 2017-2028
Europe Market Analysis, Insights and Forecast, 2017-2028
Asia Pacific Market Analysis, Insights and Forecast, 2017-2028
The Middle East and Africa Market Analysis, Insights and Forecast, 2017-2028
Latin America Market Analysis, Insights and Forecast, 2017-2028
Competitive Landscape
Global Electric Ships Market Revenue Growth, Industry Share Analysis, By Key Players, 2021
Company Profiles
Conclusion
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