Article

The Europe electric ship market, valued at USD 1.64 billion in 2025, is projected to reach USD 7.21 billion by 2034, driven by regulatory mandates aimed at reducing greenhouse gas emissions. Key players like Norway, Germany, and the Netherlands are leading the transition to electric vessels, particularly in ecologically sensitive areas, despite challenges such as limited battery capacity and high costs. The market is also seeing growth in hybrid systems using green hydrogen and ammonia for longer-range applications.