TECHGuru

  Global Electric Ship Market: Overview The global electric ship market is still in its infancy, but it has a lot of room to develop over the next few years to come. The need for an electric-powered marine ship has grown in response to the growing need to reduce carbon footprints and reduce fuel waste. In addition to that, shipbuilders' increased attention on decreasing noise created by marine vessel propulsion systems is likely to aid expansion of the market. Transportation has been responsible for more than 29% of greenhouse gas emissions in the US in 2017, as per the Environmental Protection Agency (EPA). The transportation industry is a major contributor to rising greenhouse gas emissions across the world. Transportation-related emissions are largely caused by the combustion of fossil fuels in ships, trains, airplanes, and automobiles. This study from Transparency Market Research (TMR) provides a complete insight of the global electric ship market. It provides well-researched ...