Projected size of the global electric ship market 2020-2026
In 2020, the global electric ship market was sized at about 4.6 billion U.S. dollars and was projected to grow at a compound annual growth rate (CAGR) of almost 12 percent until 2026. In 2026, the marker is expected to reach the size of about nine billion U.S. dollars. The increasing pressure on the maritime transport sector to reduce its emissions is likely to fuel the development of alternative vessels and engine types.
