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Electric Boat and Ship Market Share 2022 COVID-19 Impact and Regional Outlook 20

The global electric boat and ship market size was USD 4.9 billion in 2021 and is estimated to reach USD 12.6 billion by 2030, growing at a CAGR of 12.6% during the forecast period (2022-2030). Electric boats and ships carry off marine operations through batteries rather than the fuel. They utilize batteries similar to electric vehicles; they need larger batteries that last for long periods for operating smoothly.<br><br>With growing emission norms and regulations, batteries have become significant. As new technologies have been increasing in the design, control, and optimization of batteries, the el

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Electric Boat and Ship Market Share 2022 COVID-19 Impact and Regional Outlook 20

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  1. Market Research Report EXCLUSIVE EDITION Electric Boat and Ship Market Report Opportunities, and Forecast By 2030 Global Industry Analysis, Forecast and Trends, 2022-2030 © Statsville Consulting Private Limited www.marketstatsville.com | sales@marketstatsville.com | +1 (646) 663-5829 | +91-702-496-8807

  2. Electric Boat and Ship Market © 2020 Statsville Consulting Private Limited Market Statsville Group (MSG) A part of Statsville Consulting Private Limited American Office American Office – 800 Third Avenue Suite A #1519 New York, NY 10022 EMEA EMEA– 1165 Budapest 16 Diósy Lajos u. 24., Europe Asia Asia- -Pacific Office Pacific Office – F-178 Subhash Marg C Scheme, Ashok Nagar, Jaipur, Rajasthan, 302001 www.marketstatsville.com Disclaimer Disclaimer: : Any information and/or material provided by Statsville Consulting Private Limited, including any and all the analysis and/or research from Market Statsville Group (MSG), is offered to a selected group of customers in response to orders for such information, material, analysis, and/or research. As a customer of Statsville Consulting, you acknowledge that our information, material, and/or services are for your internal use only, and not for any external use and/or dissemination, or general publication, and/or disclosure to any third parties. Any and all the information and/or material provided by Statsville Consulting are based on primary interviews and/or secondary research, and are, therefore, subject to fluctuation and variance. Statsville Consulting takes no responsibility for any incorrect information and/or material supplied to us by sources we rely on, and no part of our analysis or research may be given, lent, resold, or disclosed to any third parties, including non-customers, without explicit or written permission from Statsville Consulting. Unauthorized reproduction and/or transmission of our information, material, analysis, and/or research in any form and by any means, including photocopying, mechanical/electronic recording,or otherwise, without the explicit and written permission of Statsville Consulting, is expressly and clearly prohibited. Any use of the information, material, analysis, and/or research provided by Statsville Consulting is at your sole risk; you acknowledge that the information, material, analysis, and/or research is provided “as is” and that Statsville Consulting provides no warranty of any kind, express or implied, with regard to the information, material, analysis, and/or research, including but not limited to, merchantability and fitness for any purpose and/or use. At the end, Statsville Consulting will be responsiblefor the final decision of any action. © Statsville Consulting Private Limited www.marketstatsville.com | sales@marketstatsville.com | +1 (646) 663-5829 | +91-702-496-8807

  3. ABOUT MARKET STATSVILLE GROUP (MSG) Market Statsville Group (MSG) partners with companies and society to confront their essential risks and challenges to capture the enormous opportunities for them. MSG was initiated its working in 2017, and since then, the brand is moving to become a pioneer in business advisory and market research services. Market Statsville is the leading market research and strategy builder with the depth and breadth of solutions that perfectly suit your every need. MSG provides solutions in a wide range of industry verticals in the form of market sizing, analysis, and incisive business insights. MSG experienced research analysts are proficient at digging deep and providing a variety of customizable data that help you make decisions with clarity, confidence, and impact. Market Statsville is your global data intelligence partner for reliable market research data, data gathering, and analytical services. MSG also has an extensive network of top-flight domestic and global research personals around the world, enabling us to provide high-quality worldwide research solutions that cater to a well-established company, government organizations, or a startup. MSG's clients have the authority to work directly with one or more of our researchers to gather the most useful data knowledge and analytical plan to formulate it in the actual practice. Market Statsville Group believes that to succeed, companies or individuals must blend digital and human capabilities most efficiently. MSG diverse and experienced global team of business consultants and market researchers will ensure the valuable reports for our clients through digging in-depth market information and functional expertise to continuously spark the changes and real-time valuation of variation in the market/industry. MSG works in a uniquely collaborative model throughout the business process across the globe to assist the client's company with the most accurate information that they are aiming for in the reports. © Statsville Consulting Private Limited www.marketstatsville.com | sales@marketstatsville.com | +1 (646) 663-5829 | +91-702-496-8807

  4. RESEARCH PROCESS Our research is an optimum culmination of secondary and primary research, with the latter playing a major role. We also have an in-house repository and access to a number of external regional and global paid databases to help address specific requirements of our clients. The research process begins with a holistic secondary research, followed by expert interviews. The information gathered is then comprehensively analyzed by our highly experienced in-house research panel © Statsville Consulting Private Limited www.marketstatsville.com | sales@marketstatsville.com | +1 (646) 663-5829 | +91-702-496-8807

  5. Electric Boat and Ship Market Share 2022 COVID-19 Impact and Regional Outlook 2030 Electric Boat and Ship Market by Propulsion Type (Hybrid and Pure Electric), by Battery Type (Lead- acid, Lithium-ion, and Nickel-based), by Carriage Type, by Power, by Range, by Tonnage, by Mode of Operation, by Region – Global Share and Forecast to 2030 Description The global electric boat and ship market size was USD 4.9 billion in 2021 and is estimated to reach USD 12.6 billion by 2030, growing at a CAGR of 12.6% during the forecast period (2022- 2030). Electric boats and ships carry off marine operations through batteries rather than the fuel. They utilize batteries similar to electric vehicles; they need larger batteries that last for long periods for operating smoothly. With growing emission norms and regulations, batteries have become significant. As new technologies have been increasing in the design, control, and optimization of batteries, the electric boat and ship market will witness healthy growth during the forecast period. Moreover, Some shipowners are looking towards batteries as a greener, more efficient power source and are working on various projects embedding these technologies onto boats and ships. For instance, In April 2021, Japanese shipping company Asahi Tanker unveiled its new first-of-its-kind fully electric vessel powered by only lithium-ion batteries supplied by Corvus Energy, and e5 Lab designs these batteries. © Statsville Consulting Private Limited www.marketstatsville.com | sales@marketstatsville.com | +1 (646) 663-5829 | +91-702-496-8807

  6. Global Electric Boat and Ship Market Definition An electric boat is a type of electric vehicle designed to carry off marine operations by propelling the boat through batteries rather than by fuel. Electric boats and electric vehicles batteries are same. Electric ships are mostly ferries and small passenger ships on inland waterways that sail completely with electricity. Request Sample Copy of this Report: https://www.marketstatsville.com/request-sample/electric- boat-and-ship-market Global Electric Boat and Ship Market Dynamics Drivers: Growing Stringent Rules and Regulations Maritime trade is one of the most important contributors to the economy, with the industry carrying more than 80% of the world’s traded goods from one port to the other worldwide. But Ships produce a large amount of exhaust gases, including nitrogen oxide, sulfur oxide, and CO2. With cargo ships being one of the highest sources of pollution in seaports, increasing emphasis on reducing emissions from the boats and ships has been rising. © Statsville Consulting Private Limited www.marketstatsville.com | sales@marketstatsville.com | +1 (646) 663-5829 | +91-702-496-8807 6

  7. However, organizations such as the International Maritime Organization (IMO) have implemented numerous regulations and targets to reduce and cut down emissions. These instances, in turn, boost demand for electric ships and boats during the forecast period. For instance, The 2030 Green Ship-K Promotion Strategy, a central part of the South Korea’s, plans to complete carbon-neutrality by 2050, specifically targeting the advancement and wider use of low-carbon ship technology, including hydrogen fuel cells and propulsion systems. Restraints: Few Characteristics of Electric Boats and Ships to Slowdown Market Growth Limited range anxiety, high purchase cost, lack of proper charging facility are some of the few characteristics of electric boats and ships restraining the market's growth. Moreover, improper batteries disposal threats as Ship and boat Owners need to optimize the recharging process while ensuring that batteries are powered solely by green energy and for recycling, as batteries are typically removed once they reach 80% of their initial capacity, then turned over for use onshore or for scrap to slow down the adoption of electric propulsion system. With the dominant share of alternative propulsion systems and high overall efficiency of gasoline boats and ships when compared to electric, coupled with the recall of batteries anticipated to act as a restraint for the growth of the market. For instance, In July 2019, Torqeedo detected a defect on some of its batteries and recalled lithium-ion batteries used in two Torqeedo Travel and Ultralight outboard engines used to power recreational or sports boats. © Statsville Consulting Private Limited www.marketstatsville.com | sales@marketstatsville.com | +1 (646) 663-5829 | +91-702-496-8807 7

  8. Scope of the Global Electric Boat and Ship Market The study categorizes the electric boat and ship market based on propulsion, battery, carriage, power, range, tonnage, mode of operation, and region. Direct Purchase Report: https://www.marketstatsville.com/buy-now/electric-boat-and-ship-market?opt=2950 By Propulsion Type Outlook (Sales/Revenue, USD Billion, 2017-2030) •Hybrid •Pure Electric By Battery Type Outlook (Sales/Revenue, USD Billion, 2017-2030) •Lead-acid •Lithium-ion •Nickel-based Batteries By Carriage Type Outlook (Sales/Revenue, USD Billion, 2017-2030) •Passenger •Cargo By Power Outlook (Sales/Revenue, USD Billion, 2017-2030) •<75KW •75-150KW •151-745KW •746-7,560KW •>7,560KW © Statsville Consulting Private Limited www.marketstatsville.com | sales@marketstatsville.com | +1 (646) 663-5829 | +91-702-496-8807 8

  9. By Range Outlook (Sales/Revenue, USD Billion, 2017-2030) •<50Km •50-100Km •101-1000Km •>1,000Km By Tonnage Outlook (Sales/Revenue, USD Billion, 2017-2030) •<500DWT •500-5,000DWT •5,001-15,000DWT •>15,000DWT By Mode of Operation Outlook (Sales/Revenue, USD Billion, 2017- 2030) •Manned •Remotely Operated •Autonomous © Statsville Consulting Private Limited www.marketstatsville.com | sales@marketstatsville.com | +1 (646) 663-5829 | +91-702-496-8807 9

  10. By Region Outlook (Sales/Revenue, USD Billion, 2017-2030) •North America (US, Canada, Mexico) •South America (Brazil, Argentina, Colombia, Peru, Rest of Latin America) •Europe (Germany, Italy, France, UK, Spain, Poland, Russia, Slovenia, Slovakia, Hungary, Czech Republic, Belgium, the Netherlands, Norway, Sweden, Denmark, Rest of Europe) •Asia Pacific (China, Japan, India, South Korea, Indonesia, Malaysia, Thailand, Vietnam, Myanmar, Cambodia, the Philippines, Singapore, Australia & New Zealand, Rest of Asia Pacific) •The Middle East & Africa (Saudi Arabia, UAE, South Africa, Northern Africa, Rest of MEA) The hybrid segment is projected to account for the largest market share Access full Report Description, TOC, Table of Figure, Chart, etc: https://www.marketstatsville.com/table-of-content/electric-boat-and-ship-market The global electric boat and ship market is divided into hybrid and pure electric based on propulsion type. In 2021, the hybrid segment accounted for the largest market share of 78.7% in the global electric boat and ship market. Advantages, such as energy storage, longer range, increased fuel efficiency, and the consequent reduction of operational costs, drive the segment’s growth. Stringent regulations on the maritime transportation sector, coupled with the production of lighter and more powerful batteries, are expected to encourage the shipping industry to develop these products. © Statsville Consulting Private Limited www.marketstatsville.com | sales@marketstatsville.com | +1 (646) 663-5829 | +91-702-496-8807 10

  11. Also, the existing boat and ship users are converting their fleet into hybrid ships (to run a combination of battery and diesel engines). In April 2019, under the HybridShip project, ABB and SINTEF were collaborating with Fiskerstrand, a Norwegian shipyard, to convert an existing ferry to be retrofitted with fuel cells. Moreover, Electric Boats of New Zealand is one of many companies that provides conversion solutions for existing diesel engine boat owners. The company also provides pure electric and hybrid sailing boats, utilizing solar energy to recharge the battery. Asia Pacificaccounts for the highest CAGR during the forecast period Based on the regions, the global electric boat and ship market has been segmented across North America, Asia-Pacific, Europe, South America, and the Middle East & Africa. Globally, Asia Pacific is estimated to hold the highest CAGR of 13.4% in the global electric boat and ship market during the forecast period. In the Asia Pacific, China is accounted for the largest market share of 40.4%, wheras India is the fastest-growing country with a CAGR of 14.0% during the projected period. China is a renowned name when it comes to boating, and the country is also organizing various international boat exhibitions. China will organize its 26th China (Shanghai) International Boat and Technical Equipment Exhibition (CIBS) in 2022. This event is one of the oldest yacht events in Asia. The exhibition has visitors from various parts of the world and comprises various events covering boats, accessories, boat services, equipment and water sports, etc. Request For Report Description: https://www.marketstatsville.com/electric-boat-and-ship-market © Statsville Consulting Private Limited www.marketstatsville.com | sales@marketstatsville.com | +1 (646) 663-5829 | +91-702-496-8807 11

  12. Thank You Thank You Market Market Statsville StatsvilleGroup (MSG) Group (MSG) F-178 Subhash Marg C Scheme, Ashok Nagar, Jaipur, Rajasthan, 302001 Phone : +91 702 496 8807 Mail : sales@marketstatsville.com 800 Third Avenue Suite A #1519 New York, NY 10022 Phone : +1 (646) 663-5829 Mail : sales@marketstatsville.com

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