Electric Ships Industry Research Report 2024: Global Market to Reach $15.7 Billion by 2030, Inland Waterway Transportation Strengthens Demand for Electric Ferries and Passenger Boats [Yaho...
GE Aerospace (GE)
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Source: Yahoo! Finance
The global market for Electric Ships was estimated at US$7.8 Billion in 2023 and is projected to reach US$15.7 Billion by 2030, growing at a CAGR of 10.5% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions. Electric ships are reshaping the future of maritime transportation by offering a sustainable alternative to traditional diesel-powered vessels. The technology behind electric ships involves using large battery systems or fuel cells to power electric propulsion, which significantly reduces greenhouse gas emissions and minimizes air and water pollution. This transition aligns with the global push for decarbonization and cleaner energy solutions, especially in sectors with high emissions like shipping. Electric ships can be fully electric or hybrid, combining electric power with conventional engines to increase range and reliability. Norway has been a pioneer in this shi
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