The market report aims to provide an overview of the industry through detailed market segmentation. The report provides thorough information regarding the overview and scope of the market, along with the market drivers, restrains, and key trends. It covers both the quantitative and qualitative aspects of the industry in each region and country participating in the study.

Key Drivers of the Electric Ship Market:

The primary factors contributing to the growth of the global electric ship market include the implementation of the Sulfur 2020 Rule, growing adoption of hybrid and electric propulsion for retrofitting of ships, increasing marine time tourism industry, rising development of lithium-ion batteries, along with growing seaborne trades across the world. The increasing aim of decreasing harmful emissions from ships at a global level is further surging the growth of the market. For example, in 2018, the European Union launched a study on compliance with the sulfur needs for marine fuels to decrease all liquid fuels' sulfur content. These amendments are focusing on reducing contaminants at sea, coupled with air, which are expected to bolster market growth in the upcoming years. In addition to this, potential in charging of batteries through renewable energy resources such as wind energy or solar, increasing adoption of hybrid propulsion technologies in hybrid ships, and rising development of high powered batteries are creating new opportunities for the growth of the market. On the other hand, the restricted capacity of fully-electric ships and high downtime in retrofitting of ships will hinder the growth of the market.

This report splits the Electric Ship Market as follows:

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

By System:

Energy Storage Systems
o 5,000 kW

Power Conversion
Power Generation
o Generators

o Engines

o Propulsion Motors

Power Distribution
By Mode of Operation:

Manned
Remotely Operated
Autonomous
By Ship Type:

Commercial
o Passenger Vessels

Yachts
Ferries
Cruise Ships
o Cargo Vessels

Container Vessels
Bulk Vessels
Tankers
General Cargo Ships
o Others

Fishing Vessels
Dredgers
Tugs, & Workboats
Research Vessels
Submarine
Defence
o Destroyers

o Frigates

o Corvettes

o Offshore Support Vessels (OSV)

o Aircraft Carriers

o Submarine

By Power: