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1,000 km segment is expected to have higher growth during the forecast period. With advancements in hybrid electric propulsion systems, more long-range vessels are expected to be introduced into the market in the coming years. This will be one of the driving factors for the segment.
Based on Region, Europe accounted for the largest market share in 2023, and it is also projected to witness the highest CAGR during the forecast period. The expansion of the shipbuilding industry can be attributed to the strong demand for electric and hybrid electric ships within the region. Leading the way in adopting electric solutions for maritime vessels, countries such as Norway, Denmark, the Netherlands, and Germany have played a pivotal role in driving this trend.
Key Market Players
Major players operating in the Marine Electric Vehicle Market include ABB (Switzerland), Siemens AG (Germany), BAE Systems (UK), General Electric (US), and Kongsberg Gruppen (Norway). These companies have reliable manufacturing facilities as well as strong distribution networks across key regions, such as North America, Europe, and Asia Pacific.
News Also Covered @ https://www.prnewswire.com/news-releases/marine-electric-vehicle-market-worth-29-1-billion-by-2030---exclusive-report-by-marketsandmarkets-301878227.html
Related Reports:
Marine Battery Market by Ship Type (Commercial, Defense, Unmanned), Sales Channel (OEM, Aftermarket), Battery Function, Nominal Capacity, Propulsion Type, Ship Power, Battery Design, Battery Type, Energy Density and Region - Global Forecast to 2030
Electric Aircraft Market by platform (Regional Transport Aircraft, Business Jets, Light & Ultralight Aircraft), Type, System (Batteries, Electric Motors, Aerostructures, Avionics, Software), Technology, Application and Region - Forecast to 2030
About MarketsandMarkets
MarketsandMarkets is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the GIVE Growth principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
Mr. Aashish Mehra
1-888-600-6441
sales@marketsandmarkets.com]]>
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sales@meticulousresearch.com]]>
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newsletter@marketsandmarkets.com]]>
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pr@datamintelligence.com]]>
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