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Chicago, May 08, 2023 (GLOBE NEWSWIRE) — The Electric Ships Market is expected to reach $14.9 billion by 2030 from $3.7 billion in 2022, registering impressive expansion at a compound annual growth rate (CAGR) of 19.7%. The Global Electric Ships Market is dominated by major players such as ABB, Leclanché S.A., Siemens AG, Wartsila, and Kongsberg Gruppen among others.
Electric Ships Market report brings together a meticulous study of the present and upcoming opportunities to elucidate the future investment in the Automotive industry. This report introduces top to bottom evaluation of the Electric Ships industry including empowering technologies, key trends, market drivers, challenges, standardization, regulatory landscape, opportunities, future guide, value chain, ecosystem player profiles and strategies. Electric Ships Market report is a valuable source of assistance for companies and individuals that offers industry chain structure, business strategies and proposals for new project investments. The credible Electric Ships Market report also analyses various inhibitors as well as motivators of the market in both quantitative and qualitative manners to make available accurate information to the end users.
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The transition to electrified vessels is accelerated due to high fossil fuel prices, advancements in battery technology, and stricter pollution restrictions. Enhanced battery technology aids shipping companies in reducing costs, pollution, and carbon emissions. Further encouraging the use of electric vessels are government initiatives aimed at reducing marine insurance costs and air pollution in port towns.
Rethinking both domestic and international transportation systems is made possible by electric ships. For instance, the Yara Birkeland, the first fully electric, autonomous cargo ship in the world, will set sail in late 2021, taking 40,000…
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