IDTechEx Technology Analyst, Luke Gear, has published the below article on his new report on electric and hybrid boats and ships.
One of the big challenges for electric and hybrid vessels is the pressure they put on the onshore local distribution network by drawing MW of current in short periods of time. One solution to this has been to install shore-side stationary storage to help handle the additional load, and to delay infrastructure upgrades. Shore-side solutions could even come in the form of second-life maritime batteries, which are already rugged and resistant to water ingress, as dismantling them to recycle the raw materials wastes the engineering. The first used batteries are likely to be returned in the early 2020s, a decade after the first hybrid vessels were christened.
The key takeaways / benefits of the research in this report are:
- Insight into where electric vessels have grown rapidly and why.
- Current year market size and forecasts up to 2029 by recreational, commercial and industrial segments.
- Current year market size and forecasts up to 2029 by vessel type, including Recreational Boats, Ferry, Offshore Support Vessel, Tugboat, Fishing and Industrial.
- Overview of local and international regulation and policy driving the transition.
- Market share of leading maritime energy storage system suppliers.
- Market share of battery chemistry (NMC, LFP and others).
- List of 125 commercial and industrial projects tracked by IDTechEx (with detail on battery capacity and supplier).