Published On : March 2024 Email: help@24marketreports.com Global Electrical Propulsion System in Ships Market Research Report 2024(Status and Outlook)
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• The Global Electrical Propulsion System in Ships Market Size was estimated at USD 1065.37 million in 2023 and is projected to reach USD 1452.34 million by 2029, exhibiting a CAGR of 5.30% during the forecast period.
• Electric power generation and propulsion is a solution optimized for an environmentally aware era, and which answers shipyard and ship-owners needs for fuel economy, higher flexibility (both for installation and operation), better comfort on board, increased availability and an inherent capacity to be configured for fault tolerance and graceful degradation.
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